Updates ( 9016 results )
ITAT: Sets aside issue of comparability for fresh consideration under SDS segment; Follows precedent
- In Favour of Both, Partially
- Citation Number : TS-173-ITAT-2023(Bang)-TP
- Tax Payer : Autodesk India Pvt Ltd
SC: Dismisses Revenue’s SLP; Confirms HC order remanding matter for fresh search of comparables
- In Favour of Assessee
- Citation Number : TS-174-SC-2023-TP
- Tax Payer : Gap International Sourcing India Pvt Ltd
ITAT: Remits TP adjustment w.r.t payment of IT and management support charges, follows earlier order
- In Favour of Both, Partially
- Citation Number : TS-169-ITAT-2023(Bang)-TP
- Tax Payer : Brady Company India Pvt Ltd
ITAT: Rejects re-characterisation of CCDs as equity; Remits matter for determination of ALP interest at SBI PLR
- In Favour of Assessee
- Citation Number : TS-170-ITAT-2023(Bang)-TP
- Tax Payer : CAE Flight Training (India) Pvt Ltd
ITAT: Deletes TP adjustment, variation between TPO's ALP and transaction price less than 3%
- In Favour of Assessee
- Citation Number : TS-171-ITAT-2023(Kol)-TP
- Tax Payer : Zacks Research Pvt Ltd
ITAT: Deletes AMP adjustment, allows working capital adjustment for Lenovo India
- In Favour of Both, Partially
- Citation Number : TS-167-ITAT-2023(Bang)-TP
- Tax Payer : Lenovo India Pvt Ltd
ITAT: Remits TP-adjustment qua cost contribution charges for centralized services
- In Favour of Both, Partially
- Citation Number : TS-168-ITAT-2023(Bang)-TP
- Tax Payer : Ingersoll-Rand Technologies and Services Pvt Ltd
ITAT: Directs TP-adjustment qua interest on outstanding loan at LIBOR + 300 in an ex-parte order
- In Favour of Both, Partially
- Citation Number : TS-164-ITAT-2023(Mum)-TP
- Tax Payer : Dinshaw Trapinex Builders Pvt Ltd
ITAT: Deletes TP-adjustment qua management fees, cost allocation charges; Follows earlier orders
- In Favour of Assessee
- Citation Number : TS-165-ITAT-2023(Mum)-TP
- Tax Payer : HSBC Asset Management (India) Pvt Ltd
ITAT: Deletes notional interest on share application money; Adopts USD LIBOR as ALP interest on outstanding guarantee commission
- In Favour of Both, Partially
- Citation Number : TS-166-ITAT-2023(VIZ)-TP
- Tax Payer : GVK Power & Infrastructure Ltd
ITAT: Restricts TP adjustment on guarantee commission @ 0.5%; Upholds TP adjustment qua interest on inter-corporate deposits
- In Favour of Both, Partially
- Citation Number : TS-160-ITAT-2023(Mum)-TP
- Tax Payer : Hindustan Construction Co Ltd
ITAT: Deletes TP adjustment made for a single month; Confirms assessee’s higher ALP owing to quality difference
- In Favour of Assessee
- Citation Number : TS-161-ITAT-2023(Ahd)-TP
- Tax Payer : H K Ispat Pvt Ltd
ITAT: Deletes TP-adjustment absent Revenue’s appeal against earlier year’s order; Remits claim for enhanced deduction u/s 80IA
- In Favour of Both, Partially
- Citation Number : TS-162-ITAT-2023(DEL)-TP
- Tax Payer : DCM Shriram Industries Ltd
ITAT: Rejects TPO’s disallowance of 6% of royalty for bundled rights and services; Remits matter for fresh consideration
- In Favour of Assessee
- Citation Number : TS-157-ITAT-2023(DEL)-TP
- Tax Payer : Marks & Spencer (India) Pvt Ltd
ITAT: Deletes TP-adjustment citing TPO’s order was barred by limitation; Follows precedents
- In Favour of Assessee
- Citation Number : TS-156-ITAT-2023(Mum)-TP
- Tax Payer : Credit Suisse AG (as a successor of Credit Suisse (International Holdings AG)
ITAT: Remits issue pertaining to disallowance of 5% markup for purchase of fixed assets
- In Favour of Assessee
- Citation Number : TS-158-ITAT-2023(DEL)-TP
- Tax Payer : AVL Technical Centre Pvt Ltd
ITAT: Directs compliance of DRP’s directions ‘in letter and spirit’; Remits comparables for fresh examination
- In Favour of Assessee
- Citation Number : TS-153-ITAT-2023(HYD)-TP
- Tax Payer : Cotiviti India Private Limited (merged entity of Care Management International (P) Ltd)
ITAT: Rules on comparables and allowability of 60 days’ credit period; Follows precedent
- In Favour of Both, Partially
- Citation Number : TS-154-ITAT-2023(HYD)-TP
- Tax Payer : Quislex Legal Services Private Limited
ITAT: Upholds assessee’s TNMM as MAM for exports and royalty, CUP for interest on ECB; Follows earlier order
- In Favour of Assessee
- Citation Number : TS-155-ITAT-2023(Mum)-TP
- Tax Payer : Firmenich Aromatics Production (India) Private Limited
ITAT: Rules on comparables qua SWD segment; Allows assessee’s plea w.r.t receipt of intra-group services
- In Favour of Both, Partially
- Citation Number : TS-149-ITAT-2023(Bang)-TP
- Tax Payer : UXC India IT Services Pvt Ltd