Updates ( 9020 results )

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ITAT: Rules on comparable for logistics-services provider; Excludes company citing presence of ‘un-allocable revenue/expenditure’

  • In Favour of Both, Partially
  • Citation Number : TS-553-ITAT-2022(Mum)-TP
  • Tax Payer : OOCL Logistics (India) Pvt Ltd

ITAT: Excludes L&T, Infosys, Persistent citing extraordinary event, functional dissimilarity; Restricts interest @LIBOR+250 on receivables

  • In Favour of Both, Partially
  • Citation Number : TS-554-ITAT-2022(HYD)-TP
  • Tax Payer : Indeed India Operations Private Limited

ITAT: Determines LIBOR+2% as interest on delayed AE-receivables; Follows Aurionpro Solutions HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-555-ITAT-2022(Bang)-TP
  • Tax Payer : Rittal India Pvt Ltd

ITAT: Adopts foreign AE as tested party for WNS; No aggregation of different sets of transaction for ITeS

  • In Favour of Assessee
  • Citation Number : TS-556-ITAT-2022(Mum)-TP
  • Tax Payer : WNS Global Services Pvt Ltd

ITAT: Rules on comparable qua assessee's Corporate Support / Contract R&D Services segments

  • In Favour of Both, Partially
  • Citation Number : TS-557-ITAT-2022(HYD)-TP
  • Tax Payer : International Speciality Products (India) Private Limited

ITAT: Remits characterization issue of technical and marketing services, TP-adjustment w.r.t warranty cost; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-549-ITAT-2022(Bang)-TP
  • Tax Payer : Dell International Services India Private Limited

ITAT: Holds admin/IT support-services not stewardship services, accepts foreign-AE as tested party; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-550-ITAT-2022(Kol)-TP
  • Tax Payer : Almatis Alumina Pvt. Ltd

ITAT: Deletes adjustment qua sea-farer expenses reimbursed by AE, notes incorrect factual appreciation

  • In Favour of Assessee
  • Citation Number : TS-551-ITAT-2022(Mum)-TP
  • Tax Payer : Zodiac Maritime Agencies India Pvt Ltd

ITAT: Rules on comparables in ITeS segment; Adjudicates on working capital adjustment and outstanding receivables

  • In Favour of Both, Partially
  • Citation Number : TS-552-ITAT-2022(Bang)-TP
  • Tax Payer : Nuance Transcription Services India Pvt Ltd

ITAT: Deletes TP-adjustment qua interest on AE-loan; Chapter X inapplicable as interest not claimed as expenditure

  • In Favour of Assessee
  • Citation Number : TS-545-ITAT-2022(Mum)-TP
  • Tax Payer : Siddhayu Ayurvedic Research Foundation Pvt Ltd

ITAT: Holds no separate adjustment for AMP-expenses required when assessee’s net margins at ALP

  • In Favour of Assessee
  • Citation Number : TS-546-ITAT-2022(Bang)-TP
  • Tax Payer : HP India Sales Private Limited (Formerly known as Hewlett-Packard India Sales Private Limited)

ITAT: Notes transactions inextricably linked; Separate adjustment for management fee not justified

  • In Favour of Assessee
  • Citation Number : TS-547-ITAT-2022(Mum)-TP
  • Tax Payer : Trimble Solutions India Pvt Ltd (Formerly known as Tekla India Pvt Ltd)

HC: Disposes off tax appeals in view of benefit under the Direct Tax Vivad Se Vishwas Scheme

  • In Favour of Assessee
  • Citation Number : TS-548-HC-2022(MAD)-TP
  • Tax Payer : Terex India Private Ltd

ITAT: Deletes TP-adjustment for Shilpa Shetty providing free brand ambassadorship to Rajasthan Royals; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-543-ITAT-2022(Mum)-TP
  • Tax Payer : Shilpa Shetty

ITAT: Outstanding receivables to be considered with primary SWD services transaction, grants 90-day credit period

  • In Favour of Both, Partially
  • Citation Number : TS-542-ITAT-2022(Bang)-TP
  • Tax Payer : Xchanging Solutions Ltd

ITAT: TPO having determined NIL ALP, refuses alternate plea to allow advertisement expense as business expense

  • In Favour of Both, Partially
  • Citation Number : TS-540-ITAT-2022(CHNY)-TP
  • Tax Payer : Titan Company Ltd (earlier Titan Industries Ltd)

ITAT: Remits issue of NIL ALP determination qua HR services, follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-539-ITAT-2022(Bang)-TP
  • Tax Payer : Mersen India Pvt Ltd

ITAT: Deletes adjustment qua cost contribution charges, remits issue of recharacterizing EDS segment as KPO

  • In Favour of Assessee
  • Citation Number : TS-534-ITAT-2022(Bang)-TP
  • Tax Payer : Ingersoll-Rand Technologies and Services Pvt Ltd

ITAT: Holds corporate guarantee as international transaction, fixes commission @ 0.5%; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-535-ITAT-2022(CHNY)-TP
  • Tax Payer : Siva Industries & Holdings Ltd (Formerly known as Sterling Infotech Ltd)

ITAT: Deletes adjustments qua inter-unit transfer of electricity / steam, accepts SEB-rate as market price

  • In Favour of Assessee
  • Citation Number : TS-536-ITAT-2022(CHANDI)-TP
  • Tax Payer : Vardhman Textiles Limited