Updates ( 9025 results )

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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

ITAT: Rules on comparables; Treats forex loss as non-operating in nature, Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-494-ITAT-2022(HYD)-TP
  • Tax Payer : Proseed India Limited, (Formerly Green Fire Agri Commodities Limited)

HC: Dismisses Revenue's appeal against exclusion of comparable failing export service/diminishing revenue filters

  • In Favour of Assessee
  • Citation Number : TS-495-HC-2022(DEL)-TP
  • Tax Payer : Convvergys India Services Pvt Ltd

ITAT: Adopts LIBOR+2% as ALP interest on delayed-receivables; Separate adjustment for admin support services unwarranted

  • In Favour of Both, Partially
  • Citation Number : TS-493-ITAT-2022(Bang)-TP
  • Tax Payer : Cisco Systems Capital (India) Private Limited

ITAT: Holds corporate guarantee as international transaction, fixes commission @ 0.35%

  • In Favour of Both, Partially
  • Citation Number : TS-491-ITAT-2022(Kol)-TP
  • Tax Payer : Berger Paints India Ltd

ITAT: Adjudicates on TP-adjustment qua AMP expenses, management services and royalty; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-488-ITAT-2022(DEL)-TP
  • Tax Payer : Tupperware India Pvt. Ltd.

ITAT: Deletes TP-adjustment qua management-support services; Necessary for smooth functioning of freight and forwarding business

  • In Favour of Assessee
  • Citation Number : TS-490-ITAT-2022(Kol)-TP
  • Tax Payer : Cargo Partner Logistics India Private Limited

ITAT: Deletes adjustments qua interest on NCDs and RDBs; Follows earlier order and Praxair India ruling

  • In Favour of Assessee
  • Citation Number : TS-489-ITAT-2022(Bang)-TP
  • Tax Payer : Vena Energy KM Wind Power Pvt Ltd

HC: Admits assessee’s appeal challegning ITAT-order holding assessment-order not barred by Sec.153 limitation

  • In Favour of Assessee
  • Citation Number : TS-1272-HC-2020(KAR)-TP
  • Tax Payer : Acer India Pvt Ltd

ITAT: Sets aside DRP’s order; Remits issue of non-adjudication for fresh consideration

  • In Favour of Assessee
  • Citation Number : TS-484-ITAT-2022(DEL)-TP
  • Tax Payer : Corteva Agriscience Services India Private Limited

ITAT: Applies upper turnover filter for SWD services, allows working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-485-ITAT-2022(Bang)-TP
  • Tax Payer : Altimetrix India Pvt Ltd

ITAT: RPM as MAM to benchmark assessee’s trading segment; Deletes adjustment towards cost contribution charges

  • In Favour of Assessee
  • Citation Number : TS-487-ITAT-2022(Bang)-TP
  • Tax Payer : Trane Technologies India Pvt Ltd [formerly Ingersoll Rand Climate Solutions Pvt Ltd]

ITAT: Benchmarks dredger-leasing rent using CUP; Deletes adjustments qua management services payment and reimbursement of salary

  • In Favour of Assessee
  • Citation Number : TS-480-ITAT-2022(Mum)-TP
  • Tax Payer : Van Oord Dredging and Marine Contractors BV

ITAT: Admits assessee’s additional-ground pointing out inconsistent approach in margin-computation; Applies upper-turnover filter

  • In Favour of Both, Partially
  • Citation Number : TS-481-ITAT-2022(Bang)-TP
  • Tax Payer : ON Semiconductor Technology India Private Limited

ITAT: Excludes Cosmic Global, Infosys BPO for ITeS provider; Cites functional-dissimilarity, presence of huge brand value etc

  • In Favour of Assessee
  • Citation Number : TS-482-ITAT-2022(CHNY)-TP
  • Tax Payer : MPS Limited

ITAT: Rules on comparables qua ITeS; Remits adjustments qua outstanding receivables and working capital

  • In Favour of Both, Partially
  • Citation Number : TS-475-ITAT-2022(Bang)-TP
  • Tax Payer : NTT Data Information Processing Services Pvt Ltd

ITAT: Remits comparable for denovo adjudication; TPO/DRP not justified in determining ALP of IT Support Service at NIL

  • In Favour of Both, Partially
  • Citation Number : TS-476-ITAT-2022(Mum)-TP
  • Tax Payer : Sulzer Tech India Pvt Ltd