Updates ( 9020 results )

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ITAT: Rules on comparables’ selection for manufacturing; Adjudicates on working capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-657-ITAT-2022(Bang)-TP
  • Tax Payer : Walvoil Fluid Power India Pvt Ltd

ITAT: Rules on comparables in ITeS segment, allows depreciation at 60% on software purchased by assessee

  • In Favour of Both, Partially
  • Citation Number : TS-658-ITAT-2022(HYD)-TP
  • Tax Payer : TNS India Private Limited

ITAT: Holds defective goods returned not ‘extraordinary expense’; Upholds RPM for traded goods sold to AEs

  • In Favour of Both, Partially
  • Citation Number : TS-34-ITAT-2022(PUN)-TP
  • Tax Payer : Robertshaw Controls India Private Limited

ITAT: Admits assessee’s additional-grounds w.r.t non-adoption of prescribed methods; Remits issue

  • In Favour of Assessee
  • Citation Number : TS-1263-ITAT-2020(HYD)-TP
  • Tax Payer : Biogenex Life Sciences Private Ltd

ITAT: Allows assessee’s-MA; Rectifies Tribunal-order w.r.t restoration of non-adoption of prescribed methods

  • In Favour of Assessee
  • Citation Number : TS-471-ITAT-2021(HYD)-TP
  • Tax Payer : Biogenex Life Sciences Private Ltd

ITAT: Follows rule of consistency, upholds grant of working capital adjustment & exclusion of comparables

  • In Favour of Assessee
  • Citation Number : TS-649-ITAT-2022(DEL)-TP
  • Tax Payer : Osram India P. Ltd

ITAT: Applies Danish MAP to Singapore entity, Directs 50% adjustment qua administration and support services

  • In Favour of Both, Partially
  • Citation Number : TS-650-ITAT-2022(CHNY)-TP
  • Tax Payer : Grundfos Pumps India Private Limited

ITAT: Upholds assessee's CUP over TPO's TNMM for sales; Fixes corporate guarantee commission @0.5%

  • In Favour of Both, Partially
  • Citation Number : TS-651-ITAT-2022(CHNY)-TP
  • Tax Payer : Mega Soft Ltd

ITAT: Rules on TP-adjustment qua royalty receivable, corporate guarantee for Dabur India

  • In Favour of Assessee
  • Citation Number : TS-652-ITAT-2022(DEL)-TP
  • Tax Payer : Dabur India Ltd

ITAT: Excludes Tech Mahindra, Microland, Infosys BPM for ITeS provider; Cites high turnover

  • In Favour of Both, Partially
  • Citation Number : TS-644-ITAT-2022(Bang)-TP
  • Tax Payer : Iron Mountain Services Private Limited

ITAT: Rules on comparables; Excludes TPO’s selection in the second round of litigation

  • In Favour of Assessee
  • Citation Number : TS-645-ITAT-2022(CHNY)-TP
  • Tax Payer : Watanmal India Pvt Ltd

ITAT: Rules on comparables; holds benefit from using "free" imported assets taxable u/s 28(iv)

  • In Favour of Assessee
  • Citation Number : TS-646-ITAT-2022(Bang)-TP
  • Tax Payer : Hewlett-Packard India Software Operation Pvt Ltd

ITAT: Excludes software product companies being functionally-dissimilar to SWD service provider, follows precedents

  • In Favour of Assessee
  • Citation Number : TS-647-ITAT-2022(Bang)-TP
  • Tax Payer : NXP India Pvt Ltd (Successor of NXP Semiconductors India P.Ltd.)

ITAT: Rules on comparables for HSBC group entity, excludes Maple e-solutions citing unreliable financial data / fraud

  • In Favour of Both, Partially
  • Citation Number : TS-639-ITAT-2022(Mum)-TP
  • Tax Payer : HSBC Professional Services (India) Pvt Ltd

ITAT: Quashes final assessment-order passed without incorporating DRP’s directions on comparables; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-640-ITAT-2022(Bang)-TP
  • Tax Payer : Trivium eSolutions Pvt Ltd

ITAT: Directs AO to restrict TP-addition qua royalty income as proposed in TPO's remand report

  • In Favour of Assessee
  • Citation Number : TS-641-ITAT-2022(Mum)-TP
  • Tax Payer : Spica Elastica Pvt Ltd

ITAT: Excludes comparables outside 200-2000 Cr turnover range for SWD service provider

  • In Favour of Both, Partially
  • Citation Number : TS-642-ITAT-2022(Bang)-TP
  • Tax Payer : Etisalat Software Solutions Pvt Ltd

ITAT: Rules on comparables for SWD services; Remits ALP-determination qua interest on outstanding-receivables

  • In Favour of Both, Partially
  • Citation Number : TS-635-ITAT-2022(Bang)-TP
  • Tax Payer : Harman Connected Services Corporation Pvt. Ltd.

ITAT: Deletes various TP-adjustments including AMP-expenses for LG Electronics India, follows earlier orders

  • In Favour of Both, Partially
  • Citation Number : TS-636-ITAT-2022(DEL)-TP
  • Tax Payer : L.G. Electronics India Pvt. Ltd

ITAT: Allows assessee’s MP, Rectifies Tribunal-order, directs comparison with non-AE segment

  • In Favour of Assessee
  • Citation Number : TS-637-ITAT-2022(Bang)-TP
  • Tax Payer : Steer Engineering Pvt Ltd