Updates ( 8211 results )

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ITAT: Grants 40% adjustment qua J.M. Morgan Stanley Securities’ brokerage-commission; Follows earlier order

Dec 02, 2022
  • In Favour of Assessee
  • Citation Number : TS-831-ITAT-2022(Mum)-TP
  • Tax Payer : J M Morgan Stanley Securities Pvt Ltd (Now known as Morgan Stanley India Company Pvt Ltd)

ITAT: Excludes 7 comparables having high turnover; Remits 12 for considering available data

Dec 01, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-822-ITAT-2022(Bang)-TP
  • Tax Payer : Sapa Extrusion India Private Limited

ITAT: Directs use of internal comparables, Upholds delayed AE-receivables as international transaction; Follows precedent

Dec 01, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-826-ITAT-2022(Bang)-TP
  • Tax Payer : Sami-Sabinsa Group Limited

ITAT: Holds RPM as MAM for benchmarking import of finished goods; Follows precedent

Dec 01, 2022
  • In Favour of Assessee
  • Citation Number : TS-827-ITAT-2022(Mum)-TP
  • Tax Payer : Torrecid India Private Limited

ITAT: Rejects CCDs’ recharacterization as equity; Remits ALP computation for interest

Nov 30, 2022
  • In Favour of Assessee
  • Citation Number : TS-824-ITAT-2022(Bang)-TP
  • Tax Payer : CAE Flight Training (India) Pvt Ltd

ITAT: Excludes 11 comparables citing high turnover, deletes AMP-adjustment for Motorola Mobility India

Nov 30, 2022
  • In Favour of Assessee
  • Citation Number : TS-820-ITAT-2022(Bang)-TP
  • Tax Payer : Motorola Mobility India Private Limited

ITAT: Upholds interest payment at 9%/12% on CCDs; Accepts assessee’s payment of royalty at ALP

Nov 30, 2022
  • In Favour of Assessee
  • Citation Number : TS-819-ITAT-2022(Bang)-TP
  • Tax Payer : Praxair India Private Limited

ITAT: Adopts corporate guarantee commission at 0.5% over 1.15%; Follows earlier order

Nov 30, 2022
  • In Favour of Assessee
  • Citation Number : TS-821-ITAT-2022(DEL)-TP
  • Tax Payer : Havells India Ltd

ITAT: Applies upper turnover filter, holds purchase of AE's shares under ESOP not operating cost

Nov 30, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-823-ITAT-2022(Bang)-TP
  • Tax Payer : Radisys India Limited (formerly known as Radisys India Private Limited)

ITAT: Deletes TP-adjustment qua receipt of counter guarantee commission, follows earlier orders

Nov 29, 2022
  • In Favour of Assessee
  • Citation Number : TS-815-ITAT-2022(DEL)-TP
  • Tax Payer : MUFG Bank Ltd

ITAT: AO/TPO to re-examine whether SWD, EDS services closely linked with primary manufacturing activity

Nov 29, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-816-ITAT-2022(Bang)-TP
  • Tax Payer : Autoliv India Pvt Ltd

ITAT: Remits ALP-determination w.r.t interest on delayed receivables; Proper benchmarking study to be followed

Nov 29, 2022
  • In Favour of Assessee
  • Citation Number : TS-817-ITAT-2022(Bang)-TP
  • Tax Payer : Safran Engineering Services India Pvt Ltd

ITAT: Upholds NIL ALP for management service fees, Assessee fails to prove rendition via evidence

Nov 29, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-818-ITAT-2022(CHNY)-TP
  • Tax Payer : AB Mauri India Pvt Ltd

ITAT: Upholds exclusion of comparables doing big-ticket government projects qua routine EDS provider

Nov 28, 2022
  • In Favour of Assessee
  • Citation Number : TS-811-ITAT-2022(Mum)-TP
  • Tax Payer : Worley India Pvt Ltd (Formerly known as Jacobs Engineering India Pvt Ltd)

ITAT: Remands TP-adjustment w.r.t sales made to AE; Directs de-novo determination of ALP

Nov 28, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-812-ITAT-2022(Mum)-TP
  • Tax Payer : Diaster Jewellery Pvt Ltd

ITAT: Deletes TP-adjustment qua royalty payment by General Motors India; Rules on comparable selection

Nov 28, 2022
  • In Favour of Assessee
  • Citation Number : TS-813-ITAT-2022(Ahd)-TP
  • Tax Payer : General Motors India Pvt Ltd

ITAT: Remits TP-issue qua management charge payment, notes APA for subsequent years has guidance value

Nov 28, 2022
  • In Favour of Assessee
  • Citation Number : TS-814-ITAT-2022(Mum)-TP
  • Tax Payer : Aker Powergas Pvt Ltd

ITAT: Deletes BLT based AMP adjustment absent international transaction for Suzuki Motorcycles, follows precedent

Nov 25, 2022
  • In Favour of Assessee
  • Citation Number : TS-808-ITAT-2022(DEL)-TP
  • Tax Payer : Suzuki Motorcycles (I) Pvt Ltd

ITAT: Deletes TP-adjustment qua management-fees sans application of prescribed method; Rejects ALP determined on estimation basis

Nov 25, 2022
  • In Favour of Assessee
  • Citation Number : TS-809-ITAT-2022(Mum)-TP
  • Tax Payer : Brinks India Pvt Ltd (Formerly known as ‘Brinks Arya (India) Private Ltd.’)

ITAT: Rules on comparables qua SWD service provider, deletes interest on delayed AE-receivables

Nov 25, 2022
  • In Favour of Assessee
  • Citation Number : TS-810-ITAT-2022(DEL)-TP
  • Tax Payer : Global Logic India Ltd