Updates ( 9020 results )

ITAT: Remits inclusion/exclusion of comparables, margin-computation issue; Allows working-capital at actuals

  • In Favour of Both, Partially
  • Citation Number : TS-585-ITAT-2022(Bang)-TP
  • Tax Payer : Schneider Electric IT Business India Pvt Ltd

ITAT: TPO misunderstood assessee’s functional profile; Rejects comparables following assessee’s earlier cases

  • In Favour of Assessee
  • Citation Number : TS-586-ITAT-2022(DEL)-TP
  • Tax Payer : Globe Ground India Pvt. Ltd

ITAT: Rules on comparables' selection qua investment advisory services; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-584-ITAT-2022(Mum)-TP
  • Tax Payer : General Atlantic Pvt. Ltd.

ITAT: Remits TP-adjustment w.r.t management-service; AO/TPO to consider evidence filed by assessee

  • In Favour of Both, Partially
  • Citation Number : TS-578-ITAT-2022(CHNY)-TP
  • Tax Payer : YCH Logistics India Private Limited

ITAT: Excludes comparables citing extraordinary event, volatile turnover, failing RPT filter; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-579-ITAT-2022(Bang)-TP
  • Tax Payer : Honeywell Technology Solutions Lab (P) Ltd.

ITAT: Upholds deletion of SDT adjustment qua inter-unit power supply, fixes guarantee fee @0.5%

  • In Favour of Both, Partially
  • Citation Number : TS-580-ITAT-2022(Kol)-TP
  • Tax Payer : Dhunseri Ventures Limited

ITAT: Rules on comparables for assessee’s admin / back office support services segment

  • In Favour of Assessee
  • Citation Number : TS-581-ITAT-2022(Mum)-TP
  • Tax Payer : Marsh McLennan Global Services India Pvt Ltd (formerly known as Jardine Lloyd Thompson India Pvt Ltd)

ITAT: Dismisses Revenue’s appeal; Confirms exclusion of functionally-dissimilar Bodhtree Consulting, Kals Information Systems

  • In Favour of Assessee
  • Citation Number : TS-573-ITAT-2022(PUN)-TP
  • Tax Payer : NetHawk Networks India Pvt Ltd

ITAT: Rules on comparables in SWD segment; Remits issues qua interest on receivables and management fee

  • In Favour of Both, Partially
  • Citation Number : TS-574-ITAT-2022(HYD)-TP
  • Tax Payer : Infor (India) Private Limited

ITAT: Rules on comparables in Software engineering & Design services segment, remits capacity utilisation adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-575-ITAT-2022(Bang)-TP
  • Tax Payer : Airbus Group India Pvt Ltd

ITAT: Rules on TP-adjustment qua corporate-guarantee provided by Tata Sons to foreign-AE

  • In Favour of Assessee
  • Citation Number : TS-576-ITAT-2022(Mum)-TP
  • Tax Payer : Tata Sons Ltd

ITAT: Adjudicates various adjustments including corporate guarantee, loan, etc qua Sun Pharma; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-570-ITAT-2022(Ahd)-TP
  • Tax Payer : Sun Pharmaceutical Industries Ltd

ITAT: Applies upper-turnover filter of 200 crores for SWD service provider; Remits working-capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-571-ITAT-2022(Bang)-TP
  • Tax Payer : Atos IT Services Private Limited

ITAT: Benchmarks royalty under trading segment given lack of comparables; Remits comparison

  • In Favour of Assessee
  • Citation Number : TS-567-ITAT-2022(Bang)-TP
  • Tax Payer : Wipro GE Healthcare Pvt Ltd

ITAT: Remits ALP determination of AMP expenses for Diageo India, follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-565-ITAT-2022(Mum)-TP
  • Tax Payer : Diageo India Pvt Ltd

ITAT: Deletes concealment penalty levied on Sun Pharma for Pantoprazole supply as quantum addition deleted

  • In Favour of Both, Partially
  • Citation Number : TS-566-ITAT-2022(Ahd)-TP
  • Tax Payer : Sun Pharmaceutical Industries Ltd

ITAT: Adjudicates on various issues qua working-capital adjustment, treatment of FOREX fluctuation, comparables selection & more!

  • In Favour of Both, Partially
  • Citation Number : TS-559-ITAT-2022(Bang)-TP
  • Tax Payer : Inteva Products India Automotive Pvt Ltd

ITAT: Includes Marketing Consultants Agencies Ltd as comparable; Considers AO/TPO's failure to comply with DRP’s direction

  • In Favour of Assessee
  • Citation Number : TS-560-ITAT-2022(Mum)-TP
  • Tax Payer : NBC Fashion India Private Limited

ITAT: Remits TP-adjustment qua sourcing commission payment for Nike India; Accepts royalty-payment adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-561-ITAT-2022(Bang)-TP
  • Tax Payer : Nike India Private Limited

ITAT: Remits ALP determination w.r.t interest on delayed AE-receivables; Directs following rules with proper benchmarking study

  • In Favour of Assessee
  • Citation Number : TS-562-ITAT-2022(Bang)-TP
  • Tax Payer : Safran Engineering Services India Pvt Ltd