Updates ( 9016 results )

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ITAT: Partly accepts pleas wrt comparable-selection; Directs 6% interest rate on outstanding receivables

  • In Favour of Both, Partially
  • Citation Number : TS-532-ITAT-2023(HYD)-TP
  • Tax Payer : EPAM Systems India Pvt Ltd

ITAT: Remands TP-adjustments qua goods' import, payment of royalty & IT-service charges

  • In Favour of Both, Partially
  • Citation Number : TS-533-ITAT-2023(Mum)-TP
  • Tax Payer : Oetiker India Private Limited

ITAT: Deletes TP-adjustments qua AMP expenses, payments for royalty & services; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-531-ITAT-2023(Mum)-TP
  • Tax Payer : Mondelez India Foods P Ltd (formerly known as Cadbury India Ltd.)

ITAT: Rules on comparables qua purchase, sale of goods; Remits TP adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-530-ITAT-2023(HYD)-TP
  • Tax Payer : R.A.K. Ceramics India Pvt. Ltd

HC: Sets aside assessment order passed without draft order

  • In Favour of Assessee
  • Citation Number : TS-528-HC-2023(KAR)-TP
  • Tax Payer : MetricStream Infotech (India) Pvt Ltd

ITAT: Upholds SBI short-term rate over LIBOR for benchmarking interest on trade-receivables

  • In Favour of Revenue
  • Citation Number : TS-529-ITAT-2023(HYD)-TP
  • Tax Payer : HM CLAUSE India Private Limited

HC: Dismisses Revenue’s review petition on grounds not challenged by assessee earlier

  • In Favour of Assessee
  • Citation Number : TS-527-HC-2023(KAR)-TP
  • Tax Payer : Mphasis Ltd

ITAT: International-transaction quantum less than Rs.5cr as per CBDT’s Instruction No.3/2003; Deletes TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-525-ITAT-2023(Ind)-TP
  • Tax Payer : Computer Sciences Corporation India Private Limited

ITAT: Accepts foreign-AE as tested party; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-526-ITAT-2023(Bang)-TP
  • Tax Payer : IMS Health Analytics Services Pvt Ltd

ITAT: Remits CIT(A)’s non-speaking order confirming TP adjustment qua SDTs

  • In Favour of Both, Partially
  • Citation Number : TS-519-ITAT-2023(PUN)-TP
  • Tax Payer : Roopam Steel Rolling Mills

ITAT: Quashes revisionary order citing TPO-reference not required as per CBDT Instruction 3/2016

  • In Favour of Assessee
  • Citation Number : TS-523-ITAT-2023(Kol)-TP
  • Tax Payer : IMC Limited

ITAT: Permits assessee to withdraw appeal in light of APA resolution

  • In Favour of Assessee
  • Citation Number : TS-521-ITAT-2023(Bang)-TP
  • Tax Payer : Nutanix Technologies India Pvt Ltd

ITAT: Rejects NIL ALP of intra-group services, remits adjustment qua export of ferrites

  • In Favour of Both, Partially
  • Citation Number : TS-522-ITAT-2023(Kol)-TP
  • Tax Payer : TDK India Pvt Ltd

ITAT: Dismisses assessee’s appeal as withdrawn in view of MAP resolution

  • In Favour of Assessee
  • Citation Number : TS-518-ITAT-2023(Bang)-TP
  • Tax Payer : Ribbon Communications Private Limited

HC: Appeal by amalgamated company maintainable in jurisdiction of assessment proceedings

  • In Favour of Revenue
  • Citation Number : TS-520-HC-2023(MAD)-TP
  • Tax Payer : Cognizant Technology Solutions India P. Ltd

ITAT: Remits TP-adjustment towards abnormal power cost, forex fluctuations

  • In Favour of Both, Partially
  • Citation Number : TS-516-ITAT-2023(CHNY)-TP
  • Tax Payer : HSI Automotive Private Limited

ITAT: Deletes AMP-adjustment in case of Amadeus India, follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-517-ITAT-2023(DEL)-TP
  • Tax Payer : Amadeus India Pvt. Ltd.

ITAT: Upholds working capital adjustment basis availed credit period instead of agreed credit period

  • In Favour of Both, Partially
  • Citation Number : TS-514-ITAT-2023(CHNY)-TP
  • Tax Payer : Woosu Automotive India Private Ltd

ITAT: Remits TP-adjustments qua inter-SEZ unit transaction, delayed receivables; Follows earlier orders

  • In Favour of Both, Partially
  • Citation Number : TS-515-ITAT-2023(Bang)-TP
  • Tax Payer : Wipro Limited

ITAT: Invalidates assessment order passed in the name of amalgamated company; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-512-ITAT-2023(Mum)-TP
  • Tax Payer : Aptar Pharma India Pvt Ltd