Updates ( 9020 results )

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ITAT: Dismisses revenue’s appeal qua TP-adjustment w.r.t. corporate guarantee fee and SDTs; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-905-ITAT-2022(Kol)-TP
  • Tax Payer : Electrosteel Castings Ltd

ITAT: Remits benchmarking interest on NCDs; Directs AO/TPO to prefer internal comparables, verify currency denomination

  • In Favour of Both, Partially
  • Citation Number : TS-906-ITAT-2022(Bang)-TP
  • Tax Payer : Dans Energy Private Limited

ITAT: Excludes comparables whose turnover exceeded 200Cr & which were erroneously included in OGE

  • In Favour of Assessee
  • Citation Number : TS-907-ITAT-2022(Bang)-TP
  • Tax Payer : CME India & Technology Support Services Pvt Ltd

ITAT: Rules on comparables qua ITeS provider; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-908-ITAT-2022(Bang)-TP
  • Tax Payer : TE Connectivity Services India Pvt Ltd

ITAT: No AMP-adjustment required when TPO accepts assessee’s gross and net margins; Rules on comparables

  • In Favour of Both, Partially
  • Citation Number : TS-902-ITAT-2022(Bang)-TP
  • Tax Payer : Epson India Private Limited

ITAT: Directs TPO to determine ALP under manufacturing segment in light of internal comparables

  • In Favour of Both, Partially
  • Citation Number : TS-903-ITAT-2022(PUN)-TP
  • Tax Payer : Eaton Fluid Power Limited

ITAT: Deletes TP-adjustments for reimbursement of out of pocket expenses and software maintenance expenses; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-904-ITAT-2022(Mum)-TP
  • Tax Payer : Infinity Retail Limited

ITAT: Holds TNMM as MAM, remits interest adjustment on AE-loan following precedent

  • In Favour of Assessee
  • Citation Number : TS-900-ITAT-2022(DEL)-TP
  • Tax Payer : BG Exploration & Production India Ltd

HC: Dismisses Revenue’s appeal against ITAT-decision approving overhead expense allocation by JV members to assessee-AOP

  • In Favour of Revenue
  • Citation Number : TS-901-HC-2022(BOM)-TP
  • Tax Payer : International Metro Civil Contractors

ITAT: Rules on comparables in ITES and IT Software services segments; Remits working capital and risk adjustments

  • In Favour of Both, Partially
  • Citation Number : TS-1146-ITAT-2017(Mum)-TP
  • Tax Payer : Accenture Services Pvt Ltd

ITAT: Adopts interest @ LIBOR+300 bps for AE-loans, remits ALP-determination qua sale of finished goods

  • In Favour of Both, Partially
  • Citation Number : TS-897-ITAT-2022(Mum)-TP
  • Tax Payer : Roha Dyechem Pvt Ltd

ITAT: Holds write-back of provision for doubtful debts as part of operating income; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-898-ITAT-2022(Mum)-TP
  • Tax Payer : Swiss Re Services India Private Ltd

ITAT: TPO’s comparability under CUP does not satisfy the requirement of law for its applicability; Remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-896-ITAT-2022(Mum)-TP
  • Tax Payer : Abott India Limited

ITAT: Rejects recharacterization of OFCD as loan; Benchmarks corporate guarantee at 0.50%

  • In Favour of Both, Partially
  • Citation Number : TS-895-ITAT-2022(CHNY)-TP
  • Tax Payer : Siva Industries and Holdings Limited

ITAT: Rules on comparables, upholds TNMM over CUP as MAM for benchmarking service charge payment

  • In Favour of Both, Partially
  • Citation Number : TS-891-ITAT-2022(Mum)-TP
  • Tax Payer : Hannover Milano Fairs India Private Limited

ITAT: Restricts corporate-guarantee fee @0.5%; Upholds CUP as MAM for exports, refuses 'discount' adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-892-ITAT-2022(PUN)-TP
  • Tax Payer : Jain Irrigation Systems Ltd

ITAT: Rules on comparables for coordination of clinical trial segment and recovery of expenses; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-888-ITAT-2022(Bang)-TP
  • Tax Payer : Astra Zeneca Pharma India Ltd

ITAT: Accepts assessee's government-approved valuer report qua purchase of machinery, directs aggregate benchmarking

  • In Favour of Assessee
  • Citation Number : TS-889-ITAT-2022(Mum)-TP
  • Tax Payer : Tessitura Monti India Pvt Ltd

ITAT: Holds need-benefit-rendition tests qua IGS to be established every year; Earlier orders not determinative

  • In Favour of Assessee
  • Citation Number : TS-890-ITAT-2022(Mum)-TP
  • Tax Payer : Lintas India Private Limited

ITAT: Rules on exclusion/inclusion of over 10 comparables; Remits working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-887-ITAT-2022(Bang)-TP
  • Tax Payer : Mindteck (India) Limited