Updates ( 9020 results )

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ITAT: Allows Sec 10AA deduction, refuses Revenue's claim of extraordinary profits; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-860-ITAT-2022(PUN)-TP
  • Tax Payer : Eaton Technologies Pvt Ltd

HC: Dismisses Revenue’s appeal; ITAT order quashing AO's jurisdiction due to transfer of office not illegal

  • In Favour of Assessee
  • Citation Number : TS-861-HC-2022(BOM)-TP
  • Tax Payer : Capstone Securities Analysis Pvt Ltd

ITAT: Accepts assessee’s adoption of 6% as interest on AE-receivables

  • In Favour of Assessee
  • Citation Number : TS-862-ITAT-2022(Bang)-TP
  • Tax Payer : Infosys Ltd

ITAT: Grants working capital adjustment qua Design Engineering services segment, follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-857-ITAT-2022(Bang)-TP
  • Tax Payer : Inteva Products India Automotive Pvt Ltd

ITAT: Holds interest on AE-loan at arm's length, restricts guarantee fee @0.5%, remits royalty issue

  • In Favour of Both, Partially
  • Citation Number : TS-858-ITAT-2022(Bang)-TP
  • Tax Payer : Sasken Technologies Ltd, (Formerly known as Sasken Communication Technologies Ltd)

ITAT: Accepts Internal TNMM for benchmarking export sales; Directs consistent method application

  • In Favour of Both, Partially
  • Citation Number : TS-859-ITAT-2022(Mum)-TP
  • Tax Payer : Lanxess India Private Ltd.

ITAT: Excludes functionally dissimilar comparables; Refuses exclusion on 'high-margin' basis but directs verification of functional similarity

  • In Favour of Both, Partially
  • Citation Number : TS-853-ITAT-2022(Bang)-TP
  • Tax Payer : Subex Ltd

ITAT: Restricts TP-adjustment qua purchase of raw material taking CUP as MAM; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-854-ITAT-2022(Mum)-TP
  • Tax Payer : Merk Limited

ITAT: Remits TP-adjustment qua outstanding AE-receivables for consideration of MSA, credit period allowed etc

  • In Favour of Both, Partially
  • Citation Number : TS-855-ITAT-2022(Bang)-TP
  • Tax Payer : Huawei Technologies India Pvt Ltd

ITAT: Deletes AMP adjustment sans existence of arrangement between assessee & AE, follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-849-ITAT-2022(Bang)-TP
  • Tax Payer : HP India Sales Private Ltd

HC: Dismisses Revenue’s appeal qua AMP adjustment; Subjects the matter to SC’s final decision

  • In Favour of Assessee
  • Citation Number : TS-850-HC-2022(DEL)-TP
  • Tax Payer : Xerox India Ltd

ITAT: Rules on comparables qua ITeS provider, directs TPO to consider interest @LIBOR+3% on delayed receivables

  • In Favour of Both, Partially
  • Citation Number : TS-851-ITAT-2022(CHNY)-TP
  • Tax Payer : Excellence Data Research Pvt Ltd

ITAT: Holds final assessment-order barred by limitation, not passed as per Sec 144C time-limit

  • In Favour of Assessee
  • Citation Number : TS-852-ITAT-2022(Bang)-TP
  • Tax Payer : Altran Technologies India Pvt Ltd

ITAT: Accepts plea of inadvertent mistake and no loss to revenue; Deletes penalty levied by TPO

  • In Favour of Assessee
  • Citation Number : TS-847-ITAT-2022(DEL)-TP
  • Tax Payer : ATEPL Rahee Joint Venture

ITAT: Deletes AMP adjustment for PepsiCo India; Follows earlier ruling

  • In Favour of Assessee
  • Citation Number : TS-848-ITAT-2022(DEL)-TP
  • Tax Payer : PepsiCo India Holdings Pvt Ltd

ITAT: Confirms exclusion of Excel Infoways as comparable citing diminishing revenue

  • In Favour of Assessee
  • Citation Number : TS-844-ITAT-2022(Mum)-TP
  • Tax Payer : Cactus Communication Pvt Ltd

ITAT: Holds TPO order barred by limitation in case of a Hotel company; Follows earlier ruling

  • In Favour of Assessee
  • Citation Number : TS-845-ITAT-2022(Mum)-TP
  • Tax Payer : The Indian Hotels Company Ltd

ITAT: Upholds exclusion of comparable failing RPT-filter, remits adjustment qua expense reimbursement by AE

  • In Favour of Both, Partially
  • Citation Number : TS-842-ITAT-2022(Bang)-TP
  • Tax Payer : Astra Zeneca Pharma India Ltd

ITAT: Rules on comparables in ITeS segment, excludes 4; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-843-ITAT-2022(DEL)-TP
  • Tax Payer : Reservation Data Maintenance India Pvt Ltd

ITAT: Rules on comparables in SWD segment, Excludes 10; Remits issue of interest on AE-receivables

  • In Favour of Both, Partially
  • Citation Number : TS-840-ITAT-2022(Bang)-TP
  • Tax Payer : Applied Materials India Pvt Ltd