Updates ( 9016 results )

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HC: Dismisses Revenue’s appeal challenging AMP adjustment, applies rule of consistency

  • In Favour of Assessee
  • Citation Number : TS-631-HC-2023(DEL)-TP
  • Tax Payer : Wrigley India Private Limited

ITAT: Rules on comparables in SWD, ITeS, MSS segments; Includes depreciation in operating cost

  • In Favour of Both, Partially
  • Citation Number : TS-628-ITAT-2023(Bang)-TP
  • Tax Payer : Sandisk India Device Design Centre Pvt Ltd

ITAT: Holds final assessment order time-barred, AO did not adhere to Sec.144C(13) mandate

  • In Favour of Assessee
  • Citation Number : TS-629-ITAT-2023(Mum)-TP
  • Tax Payer : Lubrizol Advanced Materials India Pvt Ltd

ITAT: Holds corporate-guarantee as international transaction; Determines commission at 0.5%

  • In Favour of Both, Partially
  • Citation Number : TS-626-ITAT-2023(CHNY)-TP
  • Tax Payer : TVS Motor Company Ltd

ITAT: Rules on comparables in research support for financial intermediary

  • In Favour of Both, Partially
  • Citation Number : TS-627-ITAT-2023(Mum)-TP
  • Tax Payer : Citigroup Global Markets (India) Private Limited

ITAT: Deletes adjustment on notional interest, assessee being a debt-free company; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-621-ITAT-2023(DEL)-TP
  • Tax Payer : Avaya India Pvt Ltd

ITAT: Remits TP-adjustment qua interest on outstanding receivables, considers Kusum Healthcare ruling

  • In Favour of Both, Partially
  • Citation Number : TS-622-ITAT-2023(DEL)-TP
  • Tax Payer : Teradata India Pvt Ltd

ITAT: Excludes 3 comparables for ITeS-provider; Cites functional-dissimilarity, absence of segmental results

  • In Favour of Assessee
  • Citation Number : TS-623-ITAT-2023(PUN)-TP
  • Tax Payer : FIS Solutions Software (India) Private Limited

HC: Dismisses Revenue’s appeal; Upholds AMP-adjustment deletion for Toshiba India

  • In Favour of Assessee
  • Citation Number : TS-940-HC-2022(DEL)-TP
  • Tax Payer : Toshiba India Pvt Ltd

ITAT: Applies interest @6% on outstanding receivables, notes assessee furnished insufficient evidence

  • In Favour of Revenue
  • Citation Number : TS-618-ITAT-2023(HYD)-TP
  • Tax Payer : Corteva Agriscience Services India Private Limited

ITAT: Excludes comparables failing turnover filter, etc; Deletes interest on share application money for RIL

  • In Favour of Assessee
  • Citation Number : TS-619-ITAT-2023(Mum)-TP
  • Tax Payer : Reliance Industries Ltd

ITAT: Holds Indian project-office constitutes PE, remits profit attribution computation; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-616-ITAT-2023(CHNY)-TP
  • Tax Payer : Durr Systems Gmbh

ITAT: Deletes notional interest on delayed AE receivables, upholds USD LIBOR as ALP

  • In Favour of Assessee
  • Citation Number : TS-617-ITAT-2023(Mum)-TP
  • Tax Payer : Tech Mahindra Limited

ITAT: Accepts Sumitomo Corp's TNMM over TPO's CUP for benchmarking indenting commission, follows precedent

  • In Favour of Assessee
  • Citation Number : TS-613-ITAT-2023(DEL)-TP
  • Tax Payer : Sumitomo Corporation India Pvt Ltd

ITAT: Accepts RPM as MAM for assessee-distributor; Remits comparables-selection issue

  • In Favour of Assessee
  • Citation Number : TS-614-ITAT-2023(DEL)-TP
  • Tax Payer : Karcher Cleaning Systems Pvt Ltd

ITAT: Rules on comparables' selection under SWD, business support services segments

  • In Favour of Both, Partially
  • Citation Number : TS-610-ITAT-2023(DEL)-TP
  • Tax Payer : Aptive Components India P Ltd

ITAT: Holds Sec.40A(2)(b) inapplicable given assessee-JV structuring; Deletes penalty u/s.271G

  • In Favour of Both, Partially
  • Citation Number : TS-611-ITAT-2023(DEL)-TP
  • Tax Payer : Tapi JWil JV

ITAT: Upholds comparables' exclusion for BPO service-provider citing amalgamation, functional dissimilarity, etc.

  • In Favour of Assessee
  • Citation Number : TS-608-ITAT-2023(DEL)-TP
  • Tax Payer : Reservation Data Maintenance India Pvt Ltd

ITAT: Deletes TP-adjustment on interest on foreign currency loan advanced; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-607-ITAT-2023(DEL)-TP
  • Tax Payer : Uniparts India Ltd

ITAT: CIT(A) exceeded jurisdiction conferred, sets aside ALP-determination for export/import

  • In Favour of Assessee
  • Citation Number : TS-605-ITAT-2023(DEL)-TP
  • Tax Payer : Agrozan India P Ltd