Updates ( 8211 results )
ITAT: Sets aside draft order passed in non-existent company's name, invalidates subsequent proceedings; Follows precedents
Dec 21, 2022
- In Favour of Assessee
- Citation Number : TS-875-ITAT-2022(Mum)-TP
- Tax Payer : Siemens Limited (Successor in Interest to Siemens VIA Metals Technologies Private Limited)
ITAT: Rules on comparables qua SWD service provider, applies 200Cr upper turnover filter, follows precedents
Dec 21, 2022
- In Favour of Both, Partially
- Citation Number : TS-877-ITAT-2022(Bang)-TP
- Tax Payer : Microchip Technology India Pvt Ltd
ITAT: Holds no imputation of interest on overdue receivables under TNMM, fixes guarantee commission @0.5%
Dec 20, 2022
- In Favour of Assessee
- Citation Number : TS-873-ITAT-2022(VIZ)-TP
- Tax Payer : Devi Sea Foods Limited
ITAT: Confirms DRP’s inclusion of comparables having turnover between Rs. 200-2000 cr for medium-sized company
Dec 20, 2022
- In Favour of Assessee
- Citation Number : TS-872-ITAT-2022(Bang)-TP
- Tax Payer : Harman Connected Services Corporation India Pvt Ltd (Formerly Symphony Teleca Corporation (India) Private Ltd)
ITAT: Remits plea qua inclusion/exclusion of comparables for SWD service provider
Dec 20, 2022
- In Favour of Both, Partially
- Citation Number : TS-870-ITAT-2022(HYD)-TP
- Tax Payer : Wissen Infotech Private Limited
ITAT: Upholds exclusion of persistently loss-making company, rules on adjustments qua working capital, capacity, depreciation
Dec 19, 2022
- In Favour of Both, Partially
- Citation Number : TS-867-ITAT-2022(Bang)-TP
- Tax Payer : Toyota Kirloskar Motors Pvt Ltd
ITAT: Quashes DRP’s direction setting aside issues to AO; Terms it contrary to Sec 144C(8)
Dec 19, 2022
- In Favour of Assessee
- Citation Number : TS-869-ITAT-2022(PUN)-TP
- Tax Payer : LIEBHERR CMC Tech India Private Limited
ITAT: Deletes ALP adjustment qua corporate guarantee commission, follows jurisdictional HC
Dec 19, 2022
- In Favour of Assessee
- Citation Number : TS-868-ITAT-2022(Mum)-TP
- Tax Payer : Everest Kanto Cylinder Ltd
ITAT: Upholds 6% as ALP interest-rate on AE-receivables in case of Infosys; Follows earlier-order
Dec 16, 2022
- In Favour of Assessee
- Citation Number : TS-864-ITAT-2022(Bang)-TP
- Tax Payer : Infosys Ltd
ITAT: Overdue export receivables an international transaction; Deletes notional interest
Dec 16, 2022
- In Favour of Assessee
- Citation Number : TS-865-ITAT-2022(Mum)-TP
- Tax Payer : S Vinodkumar Diamonds Pvt Ltd
ITAT: Upholds share application money as loan to AE, FCCB interest paid plus 1% markup as ALP interest
Dec 16, 2022
- In Favour of None/NA
- Citation Number : TS-863-ITAT-2022(Mum)-TP
- Tax Payer : Prime Focus Ltd
ITAT: Allows Sec 10AA deduction, refuses Revenue's claim of extraordinary profits; Follows earlier order
Dec 15, 2022
- In Favour of Assessee
- Citation Number : TS-860-ITAT-2022(PUN)-TP
- Tax Payer : Eaton Technologies Pvt Ltd
HC: Dismisses Revenue’s appeal; ITAT order quashing AO's jurisdiction due to transfer of office not illegal
Dec 15, 2022
- In Favour of Assessee
- Citation Number : TS-861-HC-2022(BOM)-TP
- Tax Payer : Capstone Securities Analysis Pvt Ltd
ITAT: Accepts assessee’s adoption of 6% as interest on AE-receivables
Dec 15, 2022
- In Favour of Assessee
- Citation Number : TS-862-ITAT-2022(Bang)-TP
- Tax Payer : Infosys Ltd
ITAT: Grants working capital adjustment qua Design Engineering services segment, follows earlier order
Dec 14, 2022
- In Favour of Assessee
- Citation Number : TS-857-ITAT-2022(Bang)-TP
- Tax Payer : Inteva Products India Automotive Pvt Ltd
ITAT: Holds interest on AE-loan at arm's length, restricts guarantee fee @0.5%, remits royalty issue
Dec 14, 2022
- In Favour of Both, Partially
- Citation Number : TS-858-ITAT-2022(Bang)-TP
- Tax Payer : Sasken Technologies Ltd, (Formerly known as Sasken Communication Technologies Ltd)
ITAT: Accepts Internal TNMM for benchmarking export sales; Directs consistent method application
Dec 14, 2022
- In Favour of Both, Partially
- Citation Number : TS-859-ITAT-2022(Mum)-TP
- Tax Payer : Lanxess India Private Ltd.
ITAT: Excludes functionally dissimilar comparables; Refuses exclusion on 'high-margin' basis but directs verification of functional similarity
Dec 13, 2022
- In Favour of Both, Partially
- Citation Number : TS-853-ITAT-2022(Bang)-TP
- Tax Payer : Subex Ltd
ITAT: Restricts TP-adjustment qua purchase of raw material taking CUP as MAM; Follows precedent
Dec 13, 2022
- In Favour of Both, Partially
- Citation Number : TS-854-ITAT-2022(Mum)-TP
- Tax Payer : Merk Limited
ITAT: Remits TP-adjustment qua outstanding AE-receivables for consideration of MSA, credit period allowed etc
Dec 13, 2022
- In Favour of Both, Partially
- Citation Number : TS-855-ITAT-2022(Bang)-TP
- Tax Payer : Huawei Technologies India Pvt Ltd