Updates ( 9025 results )

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ITAT: Directs separate benchmarking of interest on AE-receivables, Re-computation beyond agreed credit period

  • In Favour of Both, Partially
  • Citation Number : TS-389-ITAT-2022(Mum)-TP
  • Tax Payer : Enem Nostrum Remedies Private Limited

ITAT: Dismisses assessee's appeal against FAO passed after rectifying OGE as appeal grounds did not emanate from FAO

  • In Favour of Revenue
  • Citation Number : TS-385-ITAT-2022(Bang)-TP
  • Tax Payer : IBM India Pvt Ltd

ITAT: Accepts internal TNMM as MAM to determine ALP; Alternatively applies external TNMM basis broad functionality

  • In Favour of Assessee
  • Citation Number : TS-383-ITAT-2022(Mum)-TP
  • Tax Payer : Huhtamaki India Limited (earlier known as to Huhtamaki PPL Limited)

ITAT: Affirms CPM as MAM for contract-manufacturing, deletes adjustment qua inter-unit SDTs

  • In Favour of Assessee
  • Citation Number : TS-382-ITAT-2022(Kol)-TP
  • Tax Payer : Deepak Industries Ltd

ITAT: Holds draft assessment-order passed alongwith demand & penalty notice as null & void; Quashes order

  • In Favour of Assessee
  • Citation Number : TS-384-ITAT-2022(Mum)-TP
  • Tax Payer : Aker Powergas Pvt Ltd

ITAT: Confirms deletion of TP-adjustment qua outstanding AE receivables; Follows Kusum Healthcare

  • In Favour of Assessee
  • Citation Number : TS-380-ITAT-2022(DEL)-TP
  • Tax Payer : iQor India Services Pvt Ltd

ITAT: Rules on comparables for Citrix's SWD, ITeS segments, allows working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-381-ITAT-2022(Bang)-TP
  • Tax Payer : Citrix R&D India Pvt Ltd

ITAT: Rules on comparables in SWD-service segment; Excludes Thirdware Solutions as no segmental results available

  • In Favour of Assessee
  • Citation Number : TS-378-ITAT-2022(PUN)-TP
  • Tax Payer : E-Gain Communications Pvt Ltd

ITAT: Deletes ALP-adjustment on interest free optionally convertible debentures; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-379-ITAT-2022(Mum)-TP
  • Tax Payer : TV 18 Broadcast Limited

ITAT: Directs exclusion of damages, being abnormal cost, from operating cost; Excludes Megasoft Ltd being functionally dissimilar

  • In Favour of Assessee
  • Citation Number : TS-377-ITAT-2022(PUN)-TP
  • Tax Payer : Cognizant Technology Solutions India Pvt Ltd(as a successor of Cognizant India Pvt Ltd) formerly T-Systems India Pvt Ltd

ITAT: Upholds inclusion of sub-contracting charge in operating cost for SWD services, imputes LIBOR+2% on AE receivables

  • In Favour of Both, Partially
  • Citation Number : TS-373-ITAT-2022(Bang)-TP
  • Tax Payer : Applied Materials India Pvt Ltd

ITAT: Remits benchmarking of SWD services using internal TNMM noting TPO's contradictory observations, follows earlier decisions

  • In Favour of Assessee
  • Citation Number : TS-375-ITAT-2022(Bang)-TP
  • Tax Payer : Brillio Technologies Pvt Ltd (Formerly known as M/s. Collabera Solutions Pvt. Ltd.,)

ITAT: Excludes comparables under SWD services and ITeS segments due to functional dissimilarity, follows earlier decisions

  • In Favour of Assessee
  • Citation Number : TS-374-ITAT-2022(PUN)-TP
  • Tax Payer : Schlumberger India Technology Centre Pvt Ltd

ITAT: Case selected for scrutiny on TP risk parameter requires TPO’s reference; Falls under requisites of Instruction No. 3/2016

  • In Favour of Both, Partially
  • Citation Number : TS-371-ITAT-2022(Bang)-TP
  • Tax Payer : Mapei Construction Products (India) Pvt Ltd

ITAT: Quashes final assessment-order passed beyond 30 days; No verification by TPO needed post DRP directions

  • In Favour of Assessee
  • Citation Number : TS-368-ITAT-2022(DEL)-TP
  • Tax Payer : Adobe Systems India Pvt Ltd

ITAT: Remits AMP adjustment qua Lenovo's trading segment to verify ALP of margin, accepts CUP for manufacturing

  • In Favour of Assessee
  • Citation Number : TS-370-ITAT-2022(Bang)-TP
  • Tax Payer : Lenovo (India) Pvt. Ltd

ITAT: Upholds deletion of 271G penalty levied on diamond trader, follows Navin Chandra ruling

  • In Favour of Assessee
  • Citation Number : TS-363-ITAT-2022(Mum)-TP
  • Tax Payer : Kapu Gems

ITAT: Remits MAM selection for ophthalmic goods' trading segment; Directs furnishing of segmental details

  • In Favour of Assessee
  • Citation Number : TS-365-ITAT-2022(Bang)-TP
  • Tax Payer : Johnson & Johnson Surgical Vision India Pvt Ltd

ITAT: Remits ALP-determination with direction to group commission income and supervisory income for EPC-service provider

  • In Favour of Both, Partially
  • Citation Number : TS-366-ITAT-2022(Mum)-TP
  • Tax Payer : Gea Process Engineering (India) Pvt Ltd

ITAT: Restricts corporate-guarantee commission @ 0.6%; Deletes ALP-adjustment w.r.t interest on AE-receivables

  • In Favour of Both, Partially
  • Citation Number : TS-717-ITAT-2021(HYD)-TP
  • Tax Payer : Axis Clinicals Limited