Updates ( 9016 results )

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ITAT: Excludes TCS E-Serve, Accentia citing functional-dissimilarity / amalgamation for IT-service provider

  • In Favour of Assessee
  • Citation Number : TS-604-ITAT-2023(DEL)-TP
  • Tax Payer : Bain Capability Centre India Pvt Ltd

ITAT: Rejects NIL ALP of technical know-how fee, deletes adjustment qua expense reimbursement

  • In Favour of Assessee
  • Citation Number : TS-606-ITAT-2023(Mum)-TP
  • Tax Payer : UPS Express Private Ltd (Formerly known as UPS Jetair Express Private Ltd)

ITAT: Accepts TPO’s TNMM for import transactions; Grants benefit of +/-5% tolerance range

  • In Favour of Both, Partially
  • Citation Number : TS-601-ITAT-2023(Mum)-TP
  • Tax Payer : Bunge India Pvt Ltd

ITAT: Reject’s TPO/DRP’s benchmarking of franchise fees /royalty on adhoc basis; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-602-ITAT-2023(DEL)-TP
  • Tax Payer : Jubilant Foodworks Ltd

ITAT: Deletes TP-adjustment qua sale of barite lumps considering benefit of +/-5% variation

  • In Favour of Assessee
  • Citation Number : TS-603-ITAT-2023(CHNY)-TP
  • Tax Payer : Trimex Industries (P) Ltd

ITAT: Upholds notional interest on AE advances; Rejects TP adjustment on liaison services

  • In Favour of Both, Partially
  • Citation Number : TS-598-ITAT-2023(Ahd)-TP
  • Tax Payer : Kalpataru Power Transmission Ltd

ITAT: Characterizes assessee as limited-risk distributor, remits benchmarking of import of defence equipment

  • In Favour of Both, Partially
  • Citation Number : TS-600-ITAT-2023(Mum)-TP
  • Tax Payer : Rosoboronservice India Limited

ITAT: Transaction with Irish assessee at ALP, no further profit attributable to Adobe India

  • In Favour of Both, Partially
  • Citation Number : TS-599-ITAT-2023(DEL)-TP
  • Tax Payer : Adobe Systems Software Ireland Limited

ITAT: No justification to explain variance between AE & non-AE prices, remits ALP-determination

  • In Favour of Both, Partially
  • Citation Number : TS-597-ITAT-2023(Ahd)-TP
  • Tax Payer : Shell Global Solutions International BV

ITAT: Deletes brand adjustment, remits adjustment qua domestic car sale segment; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-596-ITAT-2023(CHNY)-TP
  • Tax Payer : Hyundai Motor India Ltd

ITAT: Confirms deletion of Sec.271(1)(c) penalty qua cost-sharing arrangement etc., follows precedents

  • In Favour of Assessee
  • Citation Number : TS-590-ITAT-2023(DEL)-TP
  • Tax Payer : Johnson Matthey India Pvt Ltd

ITAT: Holds final assessment-order as barred by limitation; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-594-ITAT-2023(DEL)-TP
  • Tax Payer : Little Fairy Limited

ITAT: 144(2)(b) mandates filing objections before both (DRP, AO) within 30 days

  • In Favour of Revenue
  • Citation Number : TS-589-ITAT-2023(Rjt)-TP
  • Tax Payer : Kandla Energy and Chemicals Ltd

ITAT: Remits issue of economic adjustment qua deduction u/s 80IC, follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-591-ITAT-2023(CHNY)-TP
  • Tax Payer : L G Balakrishnan & Bros Limited

ITAT: Deletes interest on share-application money, considers LIBOR+300 bps on receivables; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-585-ITAT-2023(Mum)-TP
  • Tax Payer : Strides Pharma Science Ltd

ITAT: Laments AO's failure to give timely effect to revisionary orders, allows assessee's appeal

  • In Favour of Assessee
  • Citation Number : TS-586-ITAT-2023(Mum)-TP
  • Tax Payer : KKR India Advisors Private Limited

ITAT: Dismisses assessee’s appeal as infructuous, TP-adjustment already deleted by this bench

  • In Favour of Assessee
  • Citation Number : TS-587-ITAT-2023(DEL)-TP
  • Tax Payer : Amadeus India Pvt. Ltd.

ITAT: Imputes corporate guarantee commission @ 0.5%, rejects NIL ALP of royalty payment

  • In Favour of Both, Partially
  • Citation Number : TS-583-ITAT-2023(CHNY)-TP
  • Tax Payer : VA Tech Wabag Ltd

ITAT: Holds TP-adjustment qua SDT not sustainable; Remits Sec.40A(2)(b)-applicability issue

  • In Favour of Assessee
  • Citation Number : TS-584-ITAT-2023(Mum)-TP
  • Tax Payer : Imperial Mark Trade (I) Pvt Ltd

ITAT: Deletes adjustments for import of raw material, data management fees; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-581-ITAT-2023(Ahd)-TP
  • Tax Payer : Schneider Electric Infrastructure Limited