Updates ( 8211 results )
ITAT: Deletes AMP adjustment sans existence of arrangement between assessee & AE, follows earlier order
Dec 12, 2022
- In Favour of Assessee
- Citation Number : TS-849-ITAT-2022(Bang)-TP
- Tax Payer : HP India Sales Private Ltd
HC: Dismisses Revenue’s appeal qua AMP adjustment; Subjects the matter to SC’s final decision
Dec 12, 2022
- In Favour of Assessee
- Citation Number : TS-850-HC-2022(DEL)-TP
- Tax Payer : Xerox India Ltd
ITAT: Rules on comparables qua ITeS provider, directs TPO to consider interest @LIBOR+3% on delayed receivables
Dec 12, 2022
- In Favour of Both, Partially
- Citation Number : TS-851-ITAT-2022(CHNY)-TP
- Tax Payer : Excellence Data Research Pvt Ltd
ITAT: Holds final assessment-order barred by limitation, not passed as per Sec 144C time-limit
Dec 12, 2022
- In Favour of Assessee
- Citation Number : TS-852-ITAT-2022(Bang)-TP
- Tax Payer : Altran Technologies India Pvt Ltd
ITAT: Accepts plea of inadvertent mistake and no loss to revenue; Deletes penalty levied by TPO
Dec 09, 2022
- In Favour of Assessee
- Citation Number : TS-847-ITAT-2022(DEL)-TP
- Tax Payer : ATEPL Rahee Joint Venture
ITAT: Deletes AMP adjustment for PepsiCo India; Follows earlier ruling
Dec 09, 2022
- In Favour of Assessee
- Citation Number : TS-848-ITAT-2022(DEL)-TP
- Tax Payer : PepsiCo India Holdings Pvt Ltd
ITAT: Confirms exclusion of Excel Infoways as comparable citing diminishing revenue
Dec 08, 2022
- In Favour of Assessee
- Citation Number : TS-844-ITAT-2022(Mum)-TP
- Tax Payer : Cactus Communication Pvt Ltd
ITAT: Holds TPO order barred by limitation in case of a Hotel company; Follows earlier ruling
Dec 08, 2022
- In Favour of Assessee
- Citation Number : TS-845-ITAT-2022(Mum)-TP
- Tax Payer : The Indian Hotels Company Ltd
ITAT: Upholds exclusion of comparable failing RPT-filter, remits adjustment qua expense reimbursement by AE
Dec 07, 2022
- In Favour of Both, Partially
- Citation Number : TS-842-ITAT-2022(Bang)-TP
- Tax Payer : Astra Zeneca Pharma India Ltd
ITAT: Rules on comparables in ITeS segment, excludes 4; Follows precedents
Dec 07, 2022
- In Favour of Both, Partially
- Citation Number : TS-843-ITAT-2022(DEL)-TP
- Tax Payer : Reservation Data Maintenance India Pvt Ltd
ITAT: Rules on comparables in SWD segment, Excludes 10; Remits issue of interest on AE-receivables
Dec 07, 2022
- In Favour of Both, Partially
- Citation Number : TS-840-ITAT-2022(Bang)-TP
- Tax Payer : Applied Materials India Pvt Ltd
ITAT: Rules on comparables in MSS & manufacturing; Orders denovo comparability analysis in trading segment
Dec 06, 2022
- In Favour of Both, Partially
- Citation Number : TS-838-ITAT-2022(Bang)-TP
- Tax Payer : Sartorius Stedim India Pvt Ltd
ITAT: Remits comparability of company accepted by Dept earlier; Adopts interest ALP @ Swiss LIBOR+150bps
Dec 06, 2022
- In Favour of Both, Partially
- Citation Number : TS-839-ITAT-2022(Ahd)-TP
- Tax Payer : GMM Pfaulder P Ltd
ITAT: Deletes AMP-adjustment absent existence of arrangement between assessee and AE; Applies rule of consistency
Dec 06, 2022
- In Favour of Assessee
- Citation Number : TS-841-ITAT-2022(CHNY)-TP
- Tax Payer : Roca Bathroom Products Private Limited
ITAT: Loss from eligible-units can be set off against TP-adjustment, 40(a)(i) disallowance; Dismisses Revenue’s appeal
Dec 05, 2022
- In Favour of Assessee
- Citation Number : TS-833-ITAT-2022(Mum)-TP
- Tax Payer : Sitel India Pvt Ltd
ITAT: Rules on comparables under SWD, ITeS segments; Adopts LIBOR+3% as interest on outstanding AE-receivables
Dec 05, 2022
- In Favour of Both, Partially
- Citation Number : TS-834-ITAT-2022(Bang)-TP
- Tax Payer : Finastra Software Solutions (India) Private Ltd
ITAT: Restores TP-adjustments qua interest, SBI base-rate not comparable as bankers don't provide loans to JVs
Dec 05, 2022
- In Favour of Both, Partially
- Citation Number : TS-835-ITAT-2022(DEL)-TP
- Tax Payer : BSC C&C JV
ITAT: Restricts TP-adjustment to AE-transactions, deletes SDT related adjustment; Follows Thyssen Krupp, Edelweiss Rural decisions
Dec 05, 2022
- In Favour of Both, Partially
- Citation Number : TS-836-ITAT-2022(Mum)-TP
- Tax Payer : ALA Chemicals Pvt Ltd
ITAT: Excludes 7 comparables citing high turnover, remits working capital adjustment for SWD service provider
Dec 02, 2022
- In Favour of Both, Partially
- Citation Number : TS-829-ITAT-2022(Bang)-TP
- Tax Payer : Tyco Fire and Security India Private Limited
ITAT: Deletes TP adjustment made towards FCD interest; Interest "paid" does not extend to "payable"
Dec 02, 2022
- In Favour of Assessee
- Citation Number : TS-830-ITAT-2022(DEL)-TP
- Tax Payer : Mondon Investments Ltd