Updates ( 9020 results )

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ITAT: Excludes 9 comparables having turnover more than Rs. 200 crores; Remits margin computation plea

  • In Favour of Assessee
  • Citation Number : TS-677-ITAT-2022(Bang)-TP
  • Tax Payer : ACI Worldwide Solutions Private Ltd

ITAT: Deletes TP-adjustment qua SDTs; Attributes reason to omission of clause (1) of Sec.92BA

  • In Favour of Assessee
  • Citation Number : TS-678-ITAT-2022(Mum)-TP
  • Tax Payer : Aura Spinwell Ltd

ITAT: Remits assessee’s appeal against final-assessment order despite assessee's non-appearance before DRP

  • In Favour of Assessee
  • Citation Number : TS-673-ITAT-2022(Bang)-TP
  • Tax Payer : Opto Circuits India Ltd

ITAT: Retains comparable qua back-office support services, no functional dissimilarity or impact of extraordinary event / intangibles

  • In Favour of Both, Partially
  • Citation Number : TS-674-ITAT-2022(Bang)-TP
  • Tax Payer : Dell International Services India Pvt Ltd, (Formerly known as Dell Computer India Pvt Ltd)

ITAT: Remits application of MAM; Follows consistency principle w.r.t selecting MAM

  • In Favour of Assessee
  • Citation Number : TS-675-ITAT-2022(Bang)-TP
  • Tax Payer : Toyota Boshoku Automotive India Private Limited

ITAT: Rules on comparables; Remits margin computation, risk adjustment for BPO service provider

  • In Favour of Both, Partially
  • Citation Number : TS-668-ITAT-2022(DEL)-TP
  • Tax Payer : Cvent India Pvt Ltd

ITAT: Deletes TP adjustments as TPO's order barred by limitation, follows Emerson Electric ruling

  • In Favour of Assessee
  • Citation Number : TS-669-ITAT-2022(Mum)-TP
  • Tax Payer : The Indian Hotels Company Ltd.

ITAT: Upholds deletion of TP-adjustment qua R&D expenses and Management Fees, follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-670-ITAT-2022(Mum)-TP
  • Tax Payer : Hamon Cooling Systems Private Limited

ITAT: Remits TP-adjustment as interest payable wrongly treated as interest receivable

  • In Favour of Assessee
  • Citation Number : TS-671-ITAT-2022(DEL)-TP
  • Tax Payer : Eli Research India Pvt Ltd

ITAT: Excludes 3, remits 3 for comparability analysis for ITeS provider; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-663-ITAT-2022(Bang)-TP
  • Tax Payer : Global E-Business Operations Private Limited

ITAT: Accepts Puma India’s plea in second round of litigation w.r.t comparables and margin computation

  • In Favour of Assessee
  • Citation Number : TS-665-ITAT-2022(Bang)-TP
  • Tax Payer : Puma Sports India Pvt Ltd

ITAT: Remits issue falling under erstwhile SDT provisions; Directs AO to examine allowability u/s 40A(2)

  • In Favour of Assessee
  • Citation Number : TS-666-ITAT-2022(Kol)-TP
  • Tax Payer : Bengal Emta Coal Mines Ltd

HC: Permits assessee to raise objections before AO qua reassessment, modifies order in writ appeal

  • In Favour of Both, Partially
  • Citation Number : TS-664-HC-2022(MAD)-TP
  • Tax Payer : PayPal India Private Limited

ITAT: Allows assessee’s MP; Rectifies Tribunal-order by remitting TP-adjustment w.r.t Marketing Support Services

  • In Favour of Both, Partially
  • Citation Number : TS-633-ITAT-2022(Bang)-TP
  • Tax Payer : DMG Mori India Pvt Ltd (formerly DMG Mori Seiki India Machines and Services Pvt Ltd)

HC: Dismisses Revenue’s appeal; No substantial question arises w.r.t intra-group services and interest on AE-receivables

  • In Favour of Assessee
  • Citation Number : TS-660-HC-2022(DEL)-TP
  • Tax Payer : Avery Dennision (I) Pvt Ltd

ITAT: Rules on comparables, remits working capital adjustment for SWD provider; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-662-ITAT-2022(Bang)-TP
  • Tax Payer : ContinuServe Softech India Pvt Ltd

ITAT: Follows earlier orders, directs exclusion of IGS charges from operating cost if benchmarked separately

  • In Favour of Assessee
  • Citation Number : TS-661-ITAT-2022(Bang)-TP
  • Tax Payer : TE Connectivity Services India Pvt Ltd

ITAT: Restores appeal to CIT(A) order; Laments non-speaking order and no discussion on merits

  • In Favour of Assessee
  • Citation Number : TS-1262-ITAT-2019(CHNY)-TP
  • Tax Payer : Valeo India Private Limited

ITAT: Restricts ALP of guarantee commission at 0.5%; Follows Everest Kento HC ruling

  • In Favour of Assessee
  • Citation Number : TS-716-ITAT-2021(Mum)-TP
  • Tax Payer : 63 Moon Technologies Limited

HC: Allows assesee’s writ and quashes final order sans draft order in remand proceedings, Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-684-HC-2021(MAD)-TP
  • Tax Payer : Volex Interconnect (India) Private Limited