Updates ( 9016 results )
ITAT: Upholds external TNMM for benchmarking export of finished goods; Follows earlier order
- In Favour of Assessee
- Citation Number : TS-228-ITAT-2023(Mum)-TP
- Tax Payer : Unilever India Exports Ltd
ITAT: Rejects addition of DCF value of AMC income, customs duty to operating margin; Grants range benefit
- In Favour of Both, Partially
- Citation Number : TS-229-ITAT-2023(Mum)-TP
- Tax Payer : Schindler India Private Limtied
ITAT: Considers RPM as MAM to determine ALP of distribution transaction; Follows earlier order
- In Favour of Assessee
- Citation Number : TS-230-ITAT-2023(HYD)-TP
- Tax Payer : Commvault Systems (India) Private Limited
ITAT: Treats insurance amount, FOREX fluctuation as operating in nature; Restricts TP-adjustment to transaction level
- In Favour of Assessee
- Citation Number : TS-226-ITAT-2023(Ahd)-TP
- Tax Payer : KHS Machinery P Ltd
ITAT: Remits assessee's plea for inclusion of comparable; Notes difference in product manufactured, end-use
- In Favour of Both, Partially
- Citation Number : TS-227-ITAT-2023(PUN)-TP
- Tax Payer : Valmont Structures Pvt Ltd
HC: Sets aside notice u/s 263 being barred by limitation
- In Favour of Assessee
- Citation Number : TS-224-HC-2023(KAR)-TP
- Tax Payer : Quest Global Engineering Services Pvt Ltd
ITAT: Deletes TP adjustment for interest on AE receivables as it was accounted under working capital adjustment; Follows precedents
- In Favour of Assessee
- Citation Number : TS-223-ITAT-2023(Ahd)-TP
- Tax Payer : Effective Teleservices Pvt Ltd
ITAT: Rejects TPO’s ‘other method’ absent conclusive evidence and upholds TNMM; Upholds assessment ignoring technical error
- In Favour of Both, Partially
- Citation Number : TS-222-ITAT-2023(CHNY)-TP
- Tax Payer : Renault Nissan Automotive India Private Limited
ITAT: Excludes 4, retains 4 comparables based on functional similarity for Vodafone Global Services
- In Favour of Both, Partially
- Citation Number : TS-221-ITAT-2023(PUN)-TP
- Tax Payer : Vodafone Global Services Private Limited
SC: Dismisses Revenue’s SLP on inter-company loans and corporate guarantee; Condones delay
- In Favour of Assessee
- Citation Number : TS-936-SC-2022-TP
- Tax Payer : Vaibhav Global Limited
ITAT: Follows Pfizer ruling, holds TPO's order / assessment order barred by limitation
- In Favour of Assessee
- Citation Number : TS-220-ITAT-2023(Mum)-TP
- Tax Payer : Colgate-Palmolive (India) Limited
ITAT: Holds final assessment barred by limitation and non-est in law; Follows precedents
- In Favour of Assessee
- Citation Number : TS-219-ITAT-2023(HYD)-TP
- Tax Payer : Mane India Private Limited
ITAT: Excludes/remits comparables applying upper turnover, persistent loss making filter and FAR; Follows precedents
- In Favour of Both, Partially
- Citation Number : TS-218-ITAT-2023(Bang)-TP
- Tax Payer : ISG Novasoft Technologies Ltd
ITAT: Analyses assessee as BPO-service provider; Excludes comparables citing high turnover, functional-dissimilarity
- In Favour of Assessee
- Citation Number : TS-215-ITAT-2023(PUN)-TP
- Tax Payer : BNY Mellon International Operations (India) Pvt Ltd
ITAT: Deletes TP-adjustment qua receipt of intra-group services; Follows earlier orders
- In Favour of Assessee
- Citation Number : TS-216-ITAT-2023(DEL)-TP
- Tax Payer : Avery Dennision (I) Pvt Ltd
ITAT: Holds salary reimbursement for Morgan Stanley’s seconded employees not FTS/FIS, rejects TPO-reference
- In Favour of Assessee
- Citation Number : TS-217-ITAT-2023(Mum)-TP
- Tax Payer : Morgan Stanley International Incorporated
ITAT: Directs overseas AEs to be considered as tested parties; Follows precedent
- In Favour of Both, Partially
- Citation Number : TS-212-ITAT-2023(Bang)-TP
- Tax Payer : Unilog Content Solutions Private Limited
ITAT: Treats provision for doubtful debts as operating expense, grants working-capital adjustment, rules on comparables
- In Favour of Both, Partially
- Citation Number : TS-213-ITAT-2023(Bang)-TP
- Tax Payer : Ocwen Financial Solutions Pvt Ltd
ITAT: Allows working capital adjustment; Remits issues on comparables, interest of AE receivables; Follows precedents
- In Favour of Both, Partially
- Citation Number : TS-214-ITAT-2023(Bang)-TP
- Tax Payer : Parexel International Clinical Research Pvt Ltd
ITAT: Directs TPO to recompute adjustment qua outstanding trade-receivables considering 60 days' credit period
- In Favour of Both, Partially
- Citation Number : TS-211-ITAT-2023(CHNY)-TP
- Tax Payer : Hi-Tech Arai Pvt Ltd