Updates ( 8211 results )

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ITAT: Refuses to revisit the view taken on remand of Star India's case; Dismisses Sec 254 MA

Feb 15, 2023
  • In Favour of Revenue
  • Citation Number : TS-81-ITAT-2023(Mum)-TP
  • Tax Payer : Star India Pvt Ltd

ITAT: Excludes comparables failing upper turnover filter, allows working capital adjustment; Follows precedents

Feb 14, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-80-ITAT-2023(Bang)-TP
  • Tax Payer : VeriFone India Technology Pvt Ltd

ITAT: Remits TP-adjustment w.r.t outstanding AE-receivables; Holds export incentive as operating in nature

Feb 14, 2023
  • In Favour of Assessee
  • Citation Number : TS-78-ITAT-2023(Bang)-TP
  • Tax Payer : AB INBEV GCC Services India Pvt Ltd (earlier known as GCC Services India Pvt Ltd)

ITAT: Holds TPO reference mandatory, non-compliance of CBDT Instructions results in nullity of order

Feb 14, 2023
  • In Favour of Assessee
  • Citation Number : TS-79-ITAT-2023(DEL)-TP
  • Tax Payer : Meneta Automotive Components Pvt Ltd

ITAT: Holds final assessment-order passed sans draft-order in remand proceedings violates Sec.144C; Quashes it

Feb 13, 2023
  • In Favour of Assessee
  • Citation Number : TS-73-ITAT-2023(Bang)-TP
  • Tax Payer : Alpha Elsec Defence & Aerospace Systems Pvt Ltd

ITAT: Deletes TP adjustment for payment of royalty by Maruti Suzuki India; Follows precedent

Feb 13, 2023
  • In Favour of Assessee
  • Citation Number : TS-75-ITAT-2023(DEL)-TP
  • Tax Payer : Maruti Suzuki India Limited

ITAT: Directs admission of additional evidences to benchmark import and export transactions

Feb 13, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-74-ITAT-2023(CHNY)-TP
  • Tax Payer : Southern Petrochemical Industries Corporation Ltd

ITAT: Remits comparables' selection under manufacturing and SWD service segments, allows working capital adjustment

Feb 13, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-76-ITAT-2023(Bang)-TP
  • Tax Payer : Continental Automotive Components India Pvt Ltd

ITAT: Confirms TP-adjustments w.r.t interest on AE-loans and share application money, directs adoption of LIBOR

Feb 10, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-72-ITAT-2023(Mum)-TP
  • Tax Payer : Bombay Rayon Holdings Ltd

ITAT: Excludes 2, includes 1 as comparable under assessee's Market Support Services

Feb 10, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-69-ITAT-2023(DEL)-TP
  • Tax Payer : Belden India Pvt Ltd

ITAT: Upholds CIT(A)'s deletion of TP adjustment qua sale of power u/s 80IA, follows precedents

Feb 10, 2023
  • In Favour of Assessee
  • Citation Number : TS-71-ITAT-2023(Kol)-TP
  • Tax Payer : Birla Corporation Limited

ITAT: Quashes TP adjustment, final assessment order passed without incorporating DRP’s directions

Feb 10, 2023
  • In Favour of Assessee
  • Citation Number : TS-70-ITAT-2023(Bang)-TP
  • Tax Payer : Tata Power Solar Systems Limited

ITAT: Upholds TP-adjustment on corporate guarantee, AE- interest, Deletes interest qua share application money

Feb 09, 2023
  • In Favour of Assessee
  • Citation Number : TS-67-ITAT-2023(Mum)-TP
  • Tax Payer : Voltas Limited

ITAT: Remits working capital adjustment and interest on outstanding AE-receivables; Excludes comparables

Feb 09, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-64-ITAT-2023(Bang)-TP
  • Tax Payer : Sabre Travel Technologies Pvt Ltd

ITAT: Restricts TP adjustment under distribution segment to international-transaction only; Applies rule of consistency

Feb 09, 2023
  • In Favour of Assessee
  • Citation Number : TS-65-ITAT-2023(Bang)-TP
  • Tax Payer : Wipro GE Healthcare Pvt Ltd

ITAT: Rejects assessee's internal TNMM qua manufacturing activity citing volume and geographical differences

Feb 09, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-66-ITAT-2023(PUN)-TP
  • Tax Payer : Bilcare Limited

HC: Dismisses assessee’s writ against DRP-order; Notes sufficient opportunity extended to assessee

Feb 08, 2023
  • In Favour of Revenue
  • Citation Number : TS-1274-HC-2020(MAD)-TP
  • Tax Payer : KOSTAL India Private Limited

HC: Dismisses Revenue’s appeal; Confirms ITAT-order setting aside final assessment-order passed in violation of Sec.144C

Feb 08, 2023
  • In Favour of Assessee
  • Citation Number : TS-63-HC-2023(KAR)-TP
  • Tax Payer : Flextronics Technologies India Pvt Ltd

ITAT: Holds TNMM as MAM over TPO’s CUP for computing ALP of cost contribution charges

Feb 08, 2023
  • In Favour of Assessee
  • Citation Number : TS-61-ITAT-2023(Bang)-TP
  • Tax Payer : Ingersoll-Rand (India) Limited

HC: Upholds dismissal of writ against DRP order noting assessee's failure to produce documents and alternate remedy

Feb 08, 2023
  • In Favour of Revenue
  • Citation Number : TS-930-HC-2022(MAD)-TP
  • Tax Payer : KOSTAL India Private Limited