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ITAT: Upholds TP-adjustment qua payment for bareboat rentals and ship management services

Jan 27, 2023
  • In Favour of Revenue
  • Citation Number : TS-42-ITAT-2023(VIZ)-TP
  • Tax Payer : Lewek Altair Shipping Private Ltd

ITAT: Directs re-working of CG-VAK Software’s operating margin; Includes provision for doubtful debts as operating

Jan 25, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-37-ITAT-2023(Mum)-TP
  • Tax Payer : Zedo (India) Pvt Ltd

ITAT: Allows adjustment qua forex fluctuation and depreciation; Restores PLI computation for manufacturing segment

Jan 25, 2023
  • In Favour of Assessee
  • Citation Number : TS-39-ITAT-2023(DEL)-TP
  • Tax Payer : DE Diamond Electric India Pvt Ltd

ITAT: Directs imputation of notional interest @ 6% on delayed AE-receivables

Jan 25, 2023
  • In Favour of Revenue
  • Citation Number : TS-38-ITAT-2023(HYD)-TP
  • Tax Payer : Apache Footwear India Private Limited

ITAT: Upholds CIT(A) order w.r.t admission of additional evidences; Dismisses Revenue’s appeal

Jan 24, 2023
  • In Favour of Assessee
  • Citation Number : TS-34-ITAT-2023(Mum)-TP
  • Tax Payer : Proctor & Gamble Hygiene & Healthcare Co Ltd

ITAT: Holds TPO's ALP determination for management services at NIL as unsustainable; Deletes adjustment

Jan 24, 2023
  • In Favour of Assessee
  • Citation Number : TS-35-ITAT-2023(DEL)-TP
  • Tax Payer : CEVA Logistics India P Ltd

ITAT: Holds interest on delayed receivables as international-transaction, allows 60 days' credit period

Jan 24, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-36-ITAT-2023(DEL)-TP
  • Tax Payer : Veolia India Pvt Ltd

ITAT: Directs denovo benchmarking of transaction pertaining to issuing of bank guarantee; Follows precedent

Jan 23, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-31-ITAT-2023(Mum)-TP
  • Tax Payer : Mizuho Bank Ltd

ITAT: Deletes TP-adjustment qua notional interest on AE-receivables, follows Kusum Healthcare & Orange Business

Jan 23, 2023
  • In Favour of Assessee
  • Citation Number : TS-32-ITAT-2023(DEL)-TP
  • Tax Payer : ALcatel Lucent India Ltd

ITAT: Deletes TP-adjustment w.r.t receipt of advisory services, follows earlier year order

Jan 23, 2023
  • In Favour of Assessee
  • Citation Number : TS-33-ITAT-2023(PUN)-TP
  • Tax Payer : Grupo Antolin India Pvt. Ltd (Erstwhile known as Grupo Antolin Pune Pvt. Ltd)

ITAT: Directs re-computing adjustment on AE trade receivables; Provides credit period of 60 days

Jan 20, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-28-ITAT-2023(CHNY)-TP
  • Tax Payer : Hi-Tech Arai Pvt Ltd

ITAT: Deletes TP-adjustment with respect to AMP expenses, follows earlier orders

Jan 20, 2023
  • In Favour of Assessee
  • Citation Number : TS-29-ITAT-2023(Bang)-TP
  • Tax Payer : Essilor India Private Limited

ITAT: Deletes TP-adjustment wrt reimbursement of expenses and interest element thereon; Upholds CIT(A)’s findings

Jan 20, 2023
  • In Favour of Assessee
  • Citation Number : TS-30-ITAT-2023(Ahd)-TP
  • Tax Payer : Aatash Narcontrol Limited

ITAT: Excludes comparables with turnover exceeding 200 Cr qua SWD, ITeS segments

Jan 19, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-24-ITAT-2023(Bang)-TP
  • Tax Payer : Altair Engineering India Pvt Ltd

ITAT: Excludes comparables whose turnover exceeded 200Cr for SWD service provider, grants working capital adjustment

Jan 19, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-25-ITAT-2023(Bang)-TP
  • Tax Payer : Sprinklr India Private Ltd

ITAT: Confirms Nil ALP for reimbursement of expenses; Assessee fails to discharge onus of proving rendition

Jan 19, 2023
  • In Favour of Revenue
  • Citation Number : TS-26-ITAT-2023(Ahd)-TP
  • Tax Payer : Yanfeng India Automotive Interior Systems Pvt Ltd

ITAT: Adjudicates on working-capital adjustment, interest- rate on delayed receivables, margin computation & more!

Jan 18, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-22-ITAT-2023(Bang)-TP
  • Tax Payer : Wipro HR Services India Private Limited

ITAT: Holds assessee performs routine marketing functions, not distribution; Restores TPO’s order

Jan 18, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-23-ITAT-2023(PUN)-TP
  • Tax Payer : MSC Software Corporation India Pvt Ltd

ITAT: Excludes 10 comparables for failing upper turnover filter in SWD segment; Follows precedents

Jan 17, 2023
  • In Favour of Assessee
  • Citation Number : TS-16-ITAT-2023(Bang)-TP
  • Tax Payer : Motorola Solutions Kodiak Networks India Pvt Ltd

ITAT: Deletes TP-adjustment qua management fees given similarity with prior years; Follows earlier orders

Jan 17, 2023
  • In Favour of Assessee
  • Citation Number : TS-17-ITAT-2023(Mum)-TP
  • Tax Payer : Brinks India Pvt Ltd (Formerly known as ‘Brinks Arya (India) Private Ltd.’)