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ITAT: Directs Revenue to consider APA applicability, rules on comparables for Google India

Jan 01, 2024
  • In Favour of Both, Partially
  • Citation Number : TS-727-ITAT-2023(Bang)-TP
  • Tax Payer : Google India Private Limited

ITAT: Deletes TP-adjustment w.r.t warranty services, rules on comparables in SWD segment

Dec 29, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-725-ITAT-2023(Mum)-TP
  • Tax Payer : Varian Medical Systems International India Private Limited

HC: Dismisses Revenue's plea against ITAT's exclusion of 5 functionally dissimilar comparables

Dec 29, 2023
  • In Favour of Assessee
  • Citation Number : TS-724-HC-2023(DEL)-TP
  • Tax Payer : ST Microelectronics Pvt Ltd

ITAT: Excludes 6 functionally dissimilar comparables; Remits working capital adjustment; Follows precedents

Dec 28, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-721-ITAT-2023(Bang)-TP
  • Tax Payer : Deliverhealth Solutions India Pvt Ltd, (earlier known as Nuance Transcription Services Pvt Ltd)

HC: Quashes assessment-order passed without DRP’s directions; Follows precedents

Dec 28, 2023
  • In Favour of Assessee
  • Citation Number : TS-722-HC-2023(BOM)-TP
  • Tax Payer : Renaissance Global Limited

ITAT: Upholds assessee's benchmarking w.r.t interest paid on unsecured NCDs

Dec 26, 2023
  • In Favour of Assessee
  • Citation Number : TS-720-ITAT-2023(VIZ)-TP
  • Tax Payer : Arkha Solar Power Private Limited

ITAT: Remits adjustment w.r.t business development services, reject's TPO's expense-apportionment approach

Dec 26, 2023
  • In Favour of Assessee
  • Citation Number : TS-719-ITAT-2023(Bang)-TP
  • Tax Payer : OnMobile Global Ltd

ITAT: AO passed order sans TPO’s reference, breached CBDT’s mandatory instruction; Upholds 263 order

Dec 22, 2023
  • In Favour of Assessee
  • Citation Number : TS-715-ITAT-2023(Bang)-TP
  • Tax Payer : Tokai Rika Minda India Private Limited

HC: Accepts assessee’s employee cost allocation; Excludes comparable citing ‘sketchy’ information on profile

Dec 22, 2023
  • In Favour of Assessee
  • Citation Number : TS-717-HC-2023(DEL)-TP
  • Tax Payer : WSP Consultants India Pvt Ltd

ITAT: Accepts Revenue’s plea under Rule 27; Directs US-MAP approach for non-US transactions

Dec 21, 2023
  • In Favour of Assessee
  • Citation Number : TS-714-ITAT-2023(DEL)-TP
  • Tax Payer : Hewitt Associates (India)P Ltd

ITAT: Quashes draft order coupled with demand/penalty notices; Follows precedents

Dec 21, 2023
  • In Favour of Assessee
  • Citation Number : TS-713-ITAT-2023(Mum)-TP
  • Tax Payer : Panasonic Life Solutions India Private Limited

ITAT: No change in assessee’s functional profile, follows precedents to exclude 4 comparables

Dec 20, 2023
  • In Favour of Assessee
  • Citation Number : TS-712-ITAT-2023(HYD)-TP
  • Tax Payer : GD Research Center Pvt Ltd

ITAT: Benchmarks interest on ECB at SBI+25 bps; Validates AO’s jurisdiction u/s 144B(8)

Dec 20, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-710-ITAT-2023(PUN)-TP
  • Tax Payer : Prodair Air Products India Private Limited

ITAT: Necessary to determine borrower's credit rating for determining ALP-interest, remits benchmarking

Dec 19, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-708-ITAT-2023(Mum)-TP
  • Tax Payer : Nipro India Corporation Pvt Ltd

HC: Upholds Tribunal's deletion of AMP-adjustment in case of Sony India

Dec 19, 2023
  • In Favour of Assessee
  • Citation Number : TS-709-HC-2023(DEL)-TP
  • Tax Payer : Sony India Pvt Ltd

ITAT: Holds counter guarantee covered u/s 92B, rejects TPO's CUP for benchmarking export transaction

Dec 18, 2023
  • In Favour of Assessee
  • Citation Number : TS-705-ITAT-2023(Mum)-TP
  • Tax Payer : Kansai Nerolac Paints Ltd

ITAT: Remits adjudication of assessee’s nature of business, finds inconsistency in other AYs

Dec 18, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-706-ITAT-2023(HYD)-TP
  • Tax Payer : Hyundai Motors India Engineering Pvt. Ltd.

ITAT: Deletes TP-adjustment made basis TPO-order concerning entity later merged with assessee

Dec 18, 2023
  • In Favour of Assessee
  • Citation Number : TS-707-ITAT-2023(DEL)-TP
  • Tax Payer : Boeing India Pvt Ltd

ITAT: Applies CUP considering overseas/domestic clients for broking services; Follows earlier order

Dec 15, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-702-ITAT-2023(Mum)-TP
  • Tax Payer : Morgan Stanley India Company Private Limited

ITAT: Rejects profit estimation on non-AE transactions, rules on comparables qua Star-TV companies

Dec 15, 2023
  • In Favour of Assessee
  • Citation Number : TS-703-ITAT-2023(Mum)-TP
  • Tax Payer : Star Television Entertainment Ltd