Updates ( 9020 results )

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ITAT: Confirms deletion of Sec. 271G-penalty, accepts delayed compliances due to misaddressed notices

  • In Favour of Assessee
  • Citation Number : TS-704-ITAT-2022(Mum)-TP
  • Tax Payer : Techware Singapre Holdings Pte Ltd

ITAT: Restores ALP determination; Assessment order and margin analysis both flawed

  • In Favour of Both, Partially
  • Citation Number : TS-705-ITAT-2022(DEL)-TP
  • Tax Payer : Xander Advisors India Pvt. Ltd.

ITAT: Customs duty, air freight and foreign exchange fluctuation adjustments to be considered for ALP determination

  • In Favour of Both, Partially
  • Citation Number : TS-1132-ITAT-2016(CHNY)-TP
  • Tax Payer : Motonic India Automotive Pvt Ltd

ITAT: Deletes TP-adjustment qua assessee as same transaction held at ALP in AE's hands, follows precedent

  • In Favour of Assessee
  • Citation Number : TS-700-ITAT-2022(Mum)-TP
  • Tax Payer : Tecnimont SPA India Office

ITAT: Deletes TP-adjustment qua notional interest made in respect of outstanding AE-receivables

  • In Favour of Assessee
  • Citation Number : TS-701-ITAT-2022(Ahd)-TP
  • Tax Payer : Intas Pharmaceuticals Ltd.

ITAT: Rules on comparables qua ITeS, treats forex gain as operating, remits interest on delayed realization

  • In Favour of Both, Partially
  • Citation Number : TS-695-ITAT-2022(DEL)-TP
  • Tax Payer : Techbooks International Pvt Ltd

ITAT: Directs application of Indo-US MAP resolution to other cases, remits issue

  • In Favour of Assessee
  • Citation Number : TS-696-ITAT-2022(DEL)-TP
  • Tax Payer : Market India Pvt Ltd [Now merged with Cognizant Technologies Solutions India Pvt Ltd]

ITAT: Remits adjustment qua interest on AE-receivables; Directs comparison with non-AE receivables

  • In Favour of Assessee
  • Citation Number : TS-697-ITAT-2022(DEL)-TP
  • Tax Payer : Fujitsu Consulting India P Ltd

ITAT: Deletes adjustment for purchase of raw materials; Computes profitability ratio considering actual expenses incurred

  • In Favour of Assessee
  • Citation Number : TS-692-ITAT-2022(Ahd)-TP
  • Tax Payer : KHS Machinery Pvt . Ltd

ITAT: Disallows expense reimbursement u/s 40(a)(ia), holds adjudication of NIL ALP determination rendered academic

  • In Favour of Assessee
  • Citation Number : TS-688-ITAT-2022(Mum)-TP
  • Tax Payer : SOTC Travel Services Private Ltd, (Now Merged with Travel Corporation (India) Limited)

ITAT: Accepts internal TNMM for benchmarking qua provision of ITeS; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-689-ITAT-2022(DEL)-TP
  • Tax Payer : Bertelsmann Marketing Services India Pvt Ltd

ITAT: Holds TPO cannot decide prudence of franchise fee payment, rejects NIL ALP determination

  • In Favour of Assessee
  • Citation Number : TS-687-ITAT-2022(Mum)-TP
  • Tax Payer : Royal Canin India Private Limited

ITAT: Remits TP-adjustment qua Management / Business Support Services; Follows earlier orders

  • In Favour of Both, Partially
  • Citation Number : TS-682-ITAT-2022(DEL)-TP
  • Tax Payer : BSI Management Systems India Pvt Ltd

ITAT: Rules on comparables; Directs considering audited segmental accounts for fresh adjustments

  • In Favour of Assessee
  • Citation Number : TS-683-ITAT-2022(DEL)-TP
  • Tax Payer : Organica Water Private Limited

ITAT: Quashes assessment order passed on non-existent amalgamated entity; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-684-ITAT-2022(DEL)-TP
  • Tax Payer : Expedia Online Travel Services India Pvt Ltd (as successor in interst for Orbits India Services Private Limited)

ITAT: Excludes 3 functionally different govt-owned entities qua security support services provider, follows precedent

  • In Favour of Assessee
  • Citation Number : TS-685-ITAT-2022(Mum)-TP
  • Tax Payer : Novartis India Limited

ITAT: Allows assessee’s stay application for recovery of outstanding tax arrears; Follows Maruti Suzuki ruling

  • In Favour of Assessee
  • Citation Number : TS-680-ITAT-2022(Bang)-TP
  • Tax Payer : TE Connectivity India P Ltd

ITAT: Deletes TP adjustment made towards interest paid on CCDs to AE; Follows Bom HC ruling

  • In Favour of Assessee
  • Citation Number : TS-679-ITAT-2022(Mum)-TP
  • Tax Payer : Mahindra Homes Private Limited

ITAT: Rejects TPO's RPM, accepts TNMM as ‘last resort’ for import transactions; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-681-ITAT-2022(Mum)-TP
  • Tax Payer : India Medtronic Pvt Ltd

ITAT: Excludes comparables for turnover over 200Cr for EDS provider, remits working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-676-ITAT-2022(Bang)-TP
  • Tax Payer : GE BE Pvt Ltd