Updates ( 8211 results )

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ITAT: Grants 90 days credit period, adopts LIBOR+300 bps as interest rate on outstanding-receivables

Jan 17, 2023
  • In Favour of Assessee
  • Citation Number : TS-18-ITAT-2023(Bang)-TP
  • Tax Payer : Thought Focus Information Technologies Pvt Ltd

ITAT: Retains Cades Digitech Ltd as comparable; Holds forex loss/gain as operating in nature

Jan 17, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-19-ITAT-2023(CHNY)-TP
  • Tax Payer : Faurecia Emissions Control Technologies India Pvt Ltd

HC: Directs TPO to redo ALP determination without being influenced by ITAT’s observations

Jan 17, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-926-HC-2022(MAD)-TP
  • Tax Payer : Shasun Pharmaceuticals Ltd [Formerly known as M/s Shasun Chemicals and Drugs Ltd]

ITAT: Considers assessee’s failure to produce details regarding asset purchase; Confirms NIL-ALP determination

Jan 16, 2023
  • In Favour of Revenue
  • Citation Number : TS-12-ITAT-2023(CHNY)-TP
  • Tax Payer : Flextronics Technologies India Pvt Ltd

ITAT: Quashes assessment order passed in violation of 144C; Directs Revenue to devise mechanism to rectify software

Jan 16, 2023
  • In Favour of Assessee
  • Citation Number : TS-13-ITAT-2023(HYD)-TP
  • Tax Payer : Apache Footwear India Private Limited

ITAT: Rules on comparables qua provision of SWD services, remits interest on delayed receivables

Jan 13, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-925-ITAT-2022-TP
  • Tax Payer : Applied Materials India Pvt Ltd

ITAT: Quashes AO’s reassessment order based on TPO's invalid order; Follows precedent

Jan 13, 2023
  • In Favour of Assessee
  • Citation Number : TS-10-ITAT-2023(Kol)-TP
  • Tax Payer : Witzenmann India Pvt Ltd

ITAT: Holds RPM, CUP method inapplicable to sale of bulk drugs; Remits ALP determination

Jan 11, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-400-ITAT-2013(CHNY)-TP
  • Tax Payer : Shasun Pharmaceuticals Ltd [Formerly known as M/s Shasun Chemicals and Drgus Ltd]

ITAT: Quashes TPO’s order passed beyond time limit as well as subsequent TP-adjustment

Jan 11, 2023
  • In Favour of Assessee
  • Citation Number : TS-921-ITAT-2022(Mum)-TP
  • Tax Payer : Multi Screen Media Pvt Ltd

ITAT: Sets aside final assessment order passed without regard to DRP's directions, remands issue to AO

Jan 11, 2023
  • In Favour of Assessee
  • Citation Number : TS-07-ITAT-2023(HYD)-TP
  • Tax Payer : Gameloft Software Private Limited

ITAT: Rules on comparables in SWD and ITeS segments failing upper turnover filter; Follows precedents

Jan 11, 2023
  • In Favour of Assessee
  • Citation Number : TS-08-ITAT-2023(Bang)-TP
  • Tax Payer : Eurofins IT Solutions India Pvt Ltd

ITAT: Deletes TP-adjustment qua AMP expenditure and interest on AE-receivables; Follows precedents

Jan 10, 2023
  • In Favour of Assessee
  • Citation Number : TS-1264-ITAT-2019(DEL)-TP
  • Tax Payer : AMADEUS INDIA PVT LTD

HC: Deletes protective and substantive adjustments made on AMP expenditure; Follows earlier orders

Jan 10, 2023
  • In Favour of Assessee
  • Citation Number : TS-920-HC-2022(DEL)-TP
  • Tax Payer : AMADEUS INDIA PVT LTD

HC: Dismisses assessee’s appeal against ITAT order remitting corporate-guarantee commission issue

Jan 10, 2023
  • In Favour of Revenue
  • Citation Number : TS-919-HC-2022(ALL)-TP
  • Tax Payer : Jubilant Pharmova Ltd

ITAT: Excludes functionally dissimilar comparables qua ITeS segment, remits working capital adjustment

Jan 10, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-06-ITAT-2023(PUN)-TP
  • Tax Payer : Rage Frameworks India Private Limited

ITAT: Rules on comparables, upholds interest @LIBOR+200bps on receivables allowing 120 days' credit period

Jan 10, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-918-ITAT-2022(HYD)-TP
  • Tax Payer : Quislex Legal Services P Ltd

SC: Dismisses assessee’s SLP against HC-decision which held no substantial question of law in remanding TP-issue

Jan 10, 2023
  • In Favour of Revenue
  • Citation Number : TS-05-SC-2023-TP
  • Tax Payer : Jubilant Pharmova Ltd

ITAT: Deletes TP-adjustment qua purchase of raw materials & goods and sales, follows earlier order

Jan 09, 2023
  • In Favour of Assessee
  • Citation Number : TS-04-ITAT-2023(Kol)-TP
  • Tax Payer : DIC India Limited

HC: ITAT’s remand for considering assessee’s additional evidence not prejudicial to either party; Dismisses Revenue's appeal

Jan 09, 2023
  • In Favour of Assessee
  • Citation Number : TS-915-HC-2022(DEL)-TP
  • Tax Payer : YKK India Pvt Ltd

ITAT: Excludes comparables under SWD segment, remits working capital adjustment

Jan 09, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-917-ITAT-2022(Mum)-TP
  • Tax Payer : Symantec Software India Pvt Ltd