Updates ( 8884 results )

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ITAT: Excludes comparables basis functional dissimilarity; Rejects working capital adjustment for captive unit

Aug 11, 2023
  • In Favour of Assessee
  • Citation Number : TS-498-ITAT-2023(Bang)-TP
  • Tax Payer : Dell International Services India Private Limited

ITAT: Admits assessee’s additional ground; Quashes time barred final assessment order

Aug 11, 2023
  • In Favour of Assessee
  • Citation Number : TS-499-ITAT-2023(DEL)-TP
  • Tax Payer : Aero Club

ITAT: Excludes MPS Ltd owing to functional dissimilarity, acquisition; Follows earlier order

Aug 10, 2023
  • In Favour of Assessee
  • Citation Number : TS-497-ITAT-2023(PUN)-TP
  • Tax Payer : BNY Mellon International Operations (India) Pvt Ltd

ITAT: Holds TPO's order passed beyond one day as time-barred; Follows Pfizer-ruling

Aug 10, 2023
  • In Favour of Assessee
  • Citation Number : TS-494-ITAT-2023(Mum)-TP
  • Tax Payer : Siemens Limited

ITAT: Invalidates TPO’s order, final assessment bad in law; Follows precedents

Aug 09, 2023
  • In Favour of Assessee
  • Citation Number : TS-493-ITAT-2023(Mum)-TP
  • Tax Payer : Accenture Solutions Private Limited

HC: Dismisses Revenue's appeal owing to low tax effect, leaves questions of law open

Aug 09, 2023
  • In Favour of Assessee
  • Citation Number : TS-495-HC-2023(CAL)-TP
  • Tax Payer : Deepak Industries Ltd

ITAT: Rules on comparables; Holds no adjustment warranted since margin within 5% range

Aug 08, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-490-ITAT-2023(Ahd)-TP
  • Tax Payer : Doshi Accounting Services Pvt Ltd

ITAT: Remits TP-adjustment qua sale of finished goods; Deletes management fee disallowance u/s.37

Aug 08, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-492-ITAT-2023(Rjt)-TP
  • Tax Payer : Ahlstrom Fiber Composites India Pvt Ltd

ITAT: Remits benchmarking, notes TPO included comparable directed to be excluded in first round

Aug 08, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-491-ITAT-2023(Ahd)-TP
  • Tax Payer : Weatherford Drilling & Production Services (India) Private Limited

ITAT: Upholds exclusion of functionally dissimilar MPS Ltd qua ITeS-providing assessee

Aug 07, 2023
  • In Favour of Assessee
  • Citation Number : TS-486-ITAT-2023(Mum)-TP
  • Tax Payer : E-Clinical Works India Pvt Ltd

ITAT: Dismisses Google India’s TP grounds as withdrawn due to APA resolution

Aug 07, 2023
  • In Favour of Assessee
  • Citation Number : TS-487-ITAT-2023(Bang)-TP
  • Tax Payer : Google India Private Limited

ITAT: Remits CIT(A)’s ex-parte order; Considers assessee’s non-compliance of notice not deliberate

Aug 07, 2023
  • In Favour of Assessee
  • Citation Number : TS-488-ITAT-2023(DEL)-TP
  • Tax Payer : Egis International S.A.

HC: Directs AO to afford assessee an opportunity of being heard

Aug 04, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-484-HC-2023(CAL)-TP
  • Tax Payer : Price Waterhouse & Anr

ITAT: Remits benchmarking of purchase transaction, notes that assessee kept changing MAM

Aug 04, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-480-ITAT-2023(Mum)-TP
  • Tax Payer : Franklin Wardcorpp India Private Limited

ITAT: Mere pendency of Revenue's appeal against earlier order no ground to invoke Sec.263

Aug 04, 2023
  • In Favour of Assessee
  • Citation Number : TS-482-ITAT-2023(PUN)-TP
  • Tax Payer : Carraro India Private Limited

ITAT: Final assessment orders, based on invalid TPO/DRP orders, not valid

Aug 04, 2023
  • In Favour of Assessee
  • Citation Number : TS-483-ITAT-2023(Mum)-TP
  • Tax Payer : Emerson Process Management (India) P. Ltd

ITAT: Refuses to exclude functionally similar comparable, remits others to examine financial data

Aug 04, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-481-ITAT-2023(Kol)-TP
  • Tax Payer : Orga Systems India Pvt Ltd

ITAT: Remits TP adjustment qua SDT; Directs AO to adjudicate afresh

Aug 03, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-477-ITAT-2023(JODH)-TP
  • Tax Payer : Sunil and Company

ITAT: Remits MAM-selection for benchmarking royalty; Follows earlier-order

Aug 03, 2023
  • In Favour of Assessee
  • Citation Number : TS-478-ITAT-2023(Mum)-TP
  • Tax Payer : SAS Institute (India) Pvt Ltd

ITAT: Deletes protective basis AMP-adjustment for Nikon India, follows earlier order

Aug 03, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-479-ITAT-2023(DEL)-TP
  • Tax Payer : Nikon India (Pvt) Ltd