Updates ( 9021 results )
ITAT: Allows deduction on account of management fee paid; Considers assessee’s evidences proving receipt of services
- In Favour of Assessee
- Citation Number : TS-515-ITAT-2022(CHNY)-TP
- Tax Payer : AMEC Foster Wheeler India Pvt Ltd
ITAT: Remits ALP-computation; TPO's wrong characterization of services prejudices ALP-determination
- In Favour of Assessee
- Citation Number : TS-516-ITAT-2022(Bang)-TP
- Tax Payer : Lancesoft India Pvt Ltd
ITAT: Rules on comparables; Remits issue of working capital adjustment and outstanding receivables
- In Favour of Both, Partially
- Citation Number : TS-514-ITAT-2022(Bang)-TP
- Tax Payer : Meritor CVS India (P) Ltd
ITAT: Remits TP issue, to be decided in light of APA for subsequent AYs if transactions similar
- In Favour of Both, Partially
- Citation Number : TS-509-ITAT-2022(VIZ)-TP
- Tax Payer : Seeds Intimate Apparel India Private Limited
ITAT: Holds TP-order passed beyond time limit barred by limitation; Quashes subsequent TP-adjustment
- In Favour of Assessee
- Citation Number : TS-508-ITAT-2022(Bang)-TP
- Tax Payer : SAP Labs India Pvt Ltd
ITAT: Deletes adjustment w.r.t payment of interest on CCDs, follows HC-ruling in India Debt Management
- In Favour of Assessee
- Citation Number : TS-510-ITAT-2022(Mum)-TP
- Tax Payer : Mahindra Homes Private Limited
ITAT: Upholds PCIT’s Sec. 263 order; Reference to TPO for ALP-determination of SDTs mandatory
- In Favour of Both, Partially
- Citation Number : TS-511-ITAT-2022(CHANDI)-TP
- Tax Payer : Leeford Healthcare Limited
ITAT: Calls out TPO’s restrictive view qua AE-services received; Adjustment without appropriate benchmarking method unsustainable
- In Favour of Assessee
- Citation Number : TS-512-ITAT-2022(Ahd)-TP
- Tax Payer : Ineos Styrolution India Ltd
ITAT: Rules on comparables in SWD and MSS segments, allows working capital adjustment
- In Favour of Both, Partially
- Citation Number : TS-504-ITAT-2022(Bang)-TP
- Tax Payer : Blue Coat Network (India) Pvt Ltd
ITAT: Aggregates closely linked import and export transactions; Adopts TNMM as MAM
- In Favour of Revenue
- Citation Number : TS-505-ITAT-2022(VIZ)-TP
- Tax Payer : Pioneer Elastic India Pvt Ltd
ITAT: Rules on comparables in SWD segment; Adjudicates on working capital adjustment and margin computation
- In Favour of Both, Partially
- Citation Number : TS-506-ITAT-2022(Bang)-TP
- Tax Payer : SAP Labs India Pvt Ltd
ITAT: Excludes comparables with high turnover; Remits issues qua notional interest, forex loss treatment
- In Favour of Both, Partially
- Citation Number : TS-507-ITAT-2022(Bang)-TP
- Tax Payer : Quicklogic Software (India) Pvt Ltd
ITAT: Allows working-capital adjustment, remits margin computation plea for SWD services provider
- In Favour of Both, Partially
- Citation Number : TS-501-ITAT-2022(Bang)-TP
- Tax Payer : Airlinq Technology Pvt Ltd (Formerly known as Globe Touch Technologies Private Limited)
ITAT: Disapproves use of benefit test for intra-group services; Remits ALP determination
- In Favour of Assessee
- Citation Number : TS-502-ITAT-2022(PUN)-TP
- Tax Payer : A Raymond Fasteners India Private Limited
ITAT: Holds AO cannot reject assessee's segmental accounts without showing defect
- In Favour of Assessee
- Citation Number : TS-503-ITAT-2022(DEL)-TP
- Tax Payer : SMA Nutrition India Pvt Ltd
ITAT: Quashes final assessment-order passed without adherence to Sec.144C; Follows precedents
- In Favour of Assessee
- Citation Number : TS-498-ITAT-2022(HYD)-TP
- Tax Payer : Hyundai Motor India Engineering Private Limited
ITAT: Rules on comparables in ITeS segment, treats forex gain as part of operating revenue
- In Favour of Assessee
- Citation Number : TS-497-ITAT-2022(PUN)-TP
- Tax Payer : Transperfect Solutions India Pvt Ltd
ITAT: Excludes 2 comparables citing trading revenue difference / merger; Restricts adjustment to international transactions
- In Favour of Both, Partially
- Citation Number : TS-499-ITAT-2022(PUN)-TP
- Tax Payer : Franke Faber India Private Limited
ITAT: Deletes adjustments qua technical know-how fees, mark-up on expenses recovery; Follows precedent
- In Favour of Assessee
- Citation Number : TS-500-ITAT-2022(Mum)-TP
- Tax Payer : UPS Express Private Ltd (Formerly known as UPS Jetair Express Private Ltd)
ITAT: Excludes 4 companies being functionally-dissimilar to LG Soft India; Allows working-capital adjustment
- In Favour of Assessee
- Citation Number : TS-492-ITAT-2022(Bang)-TP
- Tax Payer : LG Soft India Pvt Ltd