Updates ( 9000 results )
HC: Disposes of assessee’s appeal as withdrawn against Tribunal’s order
- In Favour of None/NA
- Citation Number : TS-731-HC-2023(KAR)-TP
- Tax Payer : VMware Software India Pvt Ltd
ITAT: Upholds royalty as operating cost, benchmarking under TNMM; Follows earlier order
- In Favour of Assessee
- Citation Number : TS-726-ITAT-2023(Bang)-TP
- Tax Payer : Toyota Kirloskar Motors Pvt Ltd
ITAT: Directs Revenue to consider APA applicability, rules on comparables for Google India
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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
- 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)
- 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
- 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
- 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
- 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
- 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
- In Favour of Assessee
- Citation Number : TS-707-ITAT-2023(DEL)-TP
- Tax Payer : Boeing India Pvt Ltd