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ITAT: Rules on comparables in ITES and IT Software services segments; Remits working capital and risk adjustments

Dec 30, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-1146-ITAT-2017(Mum)-TP
  • Tax Payer : Accenture Services Pvt Ltd

ITAT: Adopts interest @ LIBOR+300 bps for AE-loans, remits ALP-determination qua sale of finished goods

Dec 30, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-897-ITAT-2022(Mum)-TP
  • Tax Payer : Roha Dyechem Pvt Ltd

ITAT: Holds write-back of provision for doubtful debts as part of operating income; Follows precedents

Dec 30, 2022
  • In Favour of Assessee
  • Citation Number : TS-898-ITAT-2022(Mum)-TP
  • Tax Payer : Swiss Re Services India Private Ltd

ITAT: TPO’s comparability under CUP does not satisfy the requirement of law for its applicability; Remits issue

Dec 29, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-896-ITAT-2022(Mum)-TP
  • Tax Payer : Abott India Limited

ITAT: Rejects recharacterization of OFCD as loan; Benchmarks corporate guarantee at 0.50%

Dec 29, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-895-ITAT-2022(CHNY)-TP
  • Tax Payer : Siva Industries and Holdings Limited

ITAT: Rules on comparables, upholds TNMM over CUP as MAM for benchmarking service charge payment

Dec 28, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-891-ITAT-2022(Mum)-TP
  • Tax Payer : Hannover Milano Fairs India Private Limited

ITAT: Restricts corporate-guarantee fee @0.5%; Upholds CUP as MAM for exports, refuses 'discount' adjustment

Dec 28, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-892-ITAT-2022(PUN)-TP
  • Tax Payer : Jain Irrigation Systems Ltd

ITAT: Rules on comparables for coordination of clinical trial segment and recovery of expenses; Follows precedents

Dec 27, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-888-ITAT-2022(Bang)-TP
  • Tax Payer : Astra Zeneca Pharma India Ltd

ITAT: Accepts assessee's government-approved valuer report qua purchase of machinery, directs aggregate benchmarking

Dec 27, 2022
  • In Favour of Assessee
  • Citation Number : TS-889-ITAT-2022(Mum)-TP
  • Tax Payer : Tessitura Monti India Pvt Ltd

ITAT: Holds need-benefit-rendition tests qua IGS to be established every year; Earlier orders not determinative

Dec 27, 2022
  • In Favour of Assessee
  • Citation Number : TS-890-ITAT-2022(Mum)-TP
  • Tax Payer : Lintas India Private Limited

ITAT: Rules on exclusion/inclusion of over 10 comparables; Remits working capital adjustment

Dec 26, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-887-ITAT-2022(Bang)-TP
  • Tax Payer : Mindteck (India) Limited

ITAT: Excludes Motilal Oswal being functionally-dissimilar to advisory/consultancy services provider

Dec 26, 2022
  • In Favour of Assessee
  • Citation Number : TS-886-ITAT-2022(Mum)-TP
  • Tax Payer : Rothschild & Co India Private Limited

ITAT: Confirms assessee’s determination of guarantee commission at 0.35%, deletes TP-adjustment

Dec 26, 2022
  • In Favour of Assessee
  • Citation Number : TS-885-ITAT-2022(Mum)-TP
  • Tax Payer : Greatship (India) Ltd

ITAT: Dismisses assessee’s appeal on TP issues as not pressed in light of APA resolution

Dec 23, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-882-ITAT-2022(DEL)-TP
  • Tax Payer : Concentrix Daksh Services India Pvt Ltd

ITAT: Remits ALP determination of management services fee for consideration of evidence provided by assessee

Dec 23, 2022
  • In Favour of Assessee
  • Citation Number : TS-883-ITAT-2022(Mum)-TP
  • Tax Payer : 3A Composites India Pvt Ltd

ITAT: Holds final assessment non-est in law as barred by limitation; Follows precedent

Dec 23, 2022
  • In Favour of Assessee
  • Citation Number : TS-884-ITAT-2022(Bang)-TP
  • Tax Payer : IPG DXTRA India Pvt Ltd

ITAT: Deletes TP-adjustment qua SDT, considers omission of Sec.92BA(i); Follows earlier order

Dec 22, 2022
  • In Favour of Assessee
  • Citation Number : TS-878-ITAT-2022(Kol)-TP
  • Tax Payer : Rahee Jhajharia E to E JV

ITAT: Excludes comparables failing turnover filter; Deletes AMP adjustment

Dec 22, 2022
  • In Favour of Assessee
  • Citation Number : TS-879-ITAT-2022(Bang)-TP
  • Tax Payer : Alcon Laboratories (India) Pvt Ltd

ITAT: Remits issue of adjustment qua salary cost reimbursement by AE for fresh consideration

Dec 22, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-880-ITAT-2022(Ahd)-TP
  • Tax Payer : e-infochips Ltd

ITAT: Remits ALP determination of SDT, dismisses non applicability of Sec 40A(2)(b)

Dec 21, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-874-ITAT-2022(VIZ)-TP
  • Tax Payer : 3F Industries Limited