Updates ( 9020 results )
ITAT: Adopts corporate guarantee commission rate of 0.5%; Directs compliance of DRP’s directions on outstanding receivables
- In Favour of Both, Partially
- Citation Number : TS-52-ITAT-2023(HYD)-TP
- Tax Payer : Vivimed Labs Ltd
ITAT: Excludes 3 comparables in ITeS segment for Standard Chartered Finance Limited; Follows precedent
- In Favour of Assessee
- Citation Number : TS-50-ITAT-2023(Mum)-TP
- Tax Payer : Standard Chartered Finance Ltd
ITAT: Upholds CIT(A)’s ALP determination qua license fee adopting CUP over Ambuja Cement’s TNMM
- In Favour of Revenue
- Citation Number : TS-928-ITAT-2022(Mum)-TP
- Tax Payer : Ambuja Cement Limited (formerly Known as Gujarat Ambuja Cements Ltd)
ITAT: Dismisses Revenue's appeal; Upholds CIT(A)'s deletion of Sec.271G-penalty
- In Favour of Assessee
- Citation Number : TS-48-ITAT-2023(DEL)-TP
- Tax Payer : Kindle Engineering & Construction Pvt Ltd
ITAT: Rules on comparables under marketing & support-service segment, upholds deletion of AMP adjustment
- In Favour of Both, Partially
- Citation Number : TS-47-ITAT-2023(DEL)-TP
- Tax Payer : Karl Storz Endoscopy India Pvt Ltd
ITAT: Holds validity of final assessment-order; Remits issue of technical service fee paid given pendency of APA
- In Favour of Both, Partially
- Citation Number : TS-45-ITAT-2023(VIZ)-TP
- Tax Payer : Teejay India Private Limited
ITAT: Upholds deletion of adjustment towards sales/services rendered by assessee's head office
- In Favour of Assessee
- Citation Number : TS-44-ITAT-2023(DEL)-TP
- Tax Payer : Lummus Technology Heat Transfer BV
ITAT: Upholds aggregation of sales and purchase operations qua technical support-service fee payments; Rules on comparables
- In Favour of Both, Partially
- Citation Number : TS-40-ITAT-2023(VIZ)-TP
- Tax Payer : Teejay India Private Limited
ITAT: Rules on comparables qua SWD, ITeS segments; Remits issues w.r.t margin computation, interest on receivables
- In Favour of Both, Partially
- Citation Number : TS-41-ITAT-2023(DEL)-TP
- Tax Payer : Qualcomm India Pvt Ltd
ITAT: Upholds TP-adjustment qua payment for bareboat rentals and ship management services
- In Favour of Revenue
- Citation Number : TS-42-ITAT-2023(VIZ)-TP
- Tax Payer : Lewek Altair Shipping Private Ltd
ITAT: Directs re-working of CG-VAK Software’s operating margin; Includes provision for doubtful debts as operating
- In Favour of Both, Partially
- Citation Number : TS-37-ITAT-2023(Mum)-TP
- Tax Payer : Zedo (India) Pvt Ltd
ITAT: Allows adjustment qua forex fluctuation and depreciation; Restores PLI computation for manufacturing segment
- In Favour of Assessee
- Citation Number : TS-39-ITAT-2023(DEL)-TP
- Tax Payer : DE Diamond Electric India Pvt Ltd
ITAT: Directs imputation of notional interest @ 6% on delayed AE-receivables
- In Favour of Revenue
- Citation Number : TS-38-ITAT-2023(HYD)-TP
- Tax Payer : Apache Footwear India Private Limited
ITAT: Upholds CIT(A) order w.r.t admission of additional evidences; Dismisses Revenue’s appeal
- In Favour of Assessee
- Citation Number : TS-34-ITAT-2023(Mum)-TP
- Tax Payer : Proctor & Gamble Hygiene & Healthcare Co Ltd
ITAT: Holds TPO's ALP determination for management services at NIL as unsustainable; Deletes adjustment
- In Favour of Assessee
- Citation Number : TS-35-ITAT-2023(DEL)-TP
- Tax Payer : CEVA Logistics India P Ltd
ITAT: Holds interest on delayed receivables as international-transaction, allows 60 days' credit period
- In Favour of Both, Partially
- Citation Number : TS-36-ITAT-2023(DEL)-TP
- Tax Payer : Veolia India Pvt Ltd
ITAT: Directs denovo benchmarking of transaction pertaining to issuing of bank guarantee; Follows precedent
- In Favour of Both, Partially
- Citation Number : TS-31-ITAT-2023(Mum)-TP
- Tax Payer : Mizuho Bank Ltd
ITAT: Deletes TP-adjustment qua notional interest on AE-receivables, follows Kusum Healthcare & Orange Business
- In Favour of Assessee
- Citation Number : TS-32-ITAT-2023(DEL)-TP
- Tax Payer : ALcatel Lucent India Ltd
ITAT: Deletes TP-adjustment w.r.t receipt of advisory services, follows earlier year order
- In Favour of Assessee
- Citation Number : TS-33-ITAT-2023(PUN)-TP
- Tax Payer : Grupo Antolin India Pvt. Ltd (Erstwhile known as Grupo Antolin Pune Pvt. Ltd)
ITAT: Directs re-computing adjustment on AE trade receivables; Provides credit period of 60 days
- In Favour of Both, Partially
- Citation Number : TS-28-ITAT-2023(CHNY)-TP
- Tax Payer : Hi-Tech Arai Pvt Ltd