Updates ( 9025 results )

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ITAT: Holds recovery of expenses as separate international transaction; Adjudicates on working capital and risk adjustments

  • In Favour of Both, Partially
  • Citation Number : TS-271-ITAT-2022(Bang)-TP
  • Tax Payer : Paraxel International Clinical Research Pvt Ltd

ITAT: Rules on selection of comparables for a manufacturing company; Includes 1, Excludes 1, Remits 1

  • In Favour of Assessee
  • Citation Number : TS-267-ITAT-2022(DEL)-TP
  • Tax Payer : Escorts Limited

ITAT: Holds assessee’s plea against double addition of management-fees as infructuous; Affirms CIT(A)'s order

  • In Favour of Both, Partially
  • Citation Number : TS-269-ITAT-2022(Bang)-TP
  • Tax Payer : DMG Mori India Pvt Ltd

ITAT: Remands TP-adjustment made for cost allocation on service cost paid; Directs TPO to recompute interest adopting LIBOR

  • In Favour of Assessee
  • Citation Number : TS-268-ITAT-2022(Bang)-TP
  • Tax Payer : OnMobile Global Ltd

ITAT: Rules on selection of comparables in IT and ITeS; Excludes 6, Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-263-ITAT-2022(DEL)-TP
  • Tax Payer : Serco India Pvt Ltd

ITAT: Rules on comparables under IT & ITeS segments; Remits margin computation issue

  • In Favour of Assessee
  • Citation Number : TS-264-ITAT-2022(DEL)-TP
  • Tax Payer : Agilent Technologies (International) Pvt Ltd

ITAT: Deletes adjustment on imputed interest qua outstanding inter-company AE receivables; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-265-ITAT-2022(DEL)-TP
  • Tax Payer : Rockwell Automation India Pvt Ltd

ITAT: Holds corporate-guarantee as international-transaction; Excludes charging interest on delayed debtor payments

  • In Favour of Assessee
  • Citation Number : TS-266-ITAT-2022(Mum)-TP
  • Tax Payer : Godrej Consumer Products Ltd

ITAT: Confirms Sec.271G penalty deletion for diamond merchant; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-261-ITAT-2022(SUR)-TP
  • Tax Payer : D Navinchandra Exports Pvt Ltd

ITAT: Fixes corporate guarantee ALP at 0.5%, LIBOR+2% for benchmarking AE-loan; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-260-ITAT-2022(DEL)-TP
  • Tax Payer : SBS Transpole Logistics Pvt Ltd

ITAT: Adjudicates on interest earned on loan, corporate-guarantee and sale and purchase of raw material

  • In Favour of Both, Partially
  • Citation Number : TS-259-ITAT-2022(Kol)-TP
  • Tax Payer : Manaksia Limited

ITAT: Rules on comparables in SWD and ITeS segment; Adjudicates Forex gain/loss as operating

  • In Favour of Assessee
  • Citation Number : TS-262-ITAT-2022(Bang)-TP
  • Tax Payer : Micro Focus Software India Pvt Ltd (form erly known as Novell Software Development (India) Pvt.Ltd.)

ITAT: Rules on comparables; Adjudicates on TP adjustment in Trading segment and Manufacturing Segment

  • In Favour of Both, Partially
  • Citation Number : TS-257-ITAT-2022(Bang)-TP
  • Tax Payer : ADC India Communications Limited

ITAT: Deletes TP-adjustment on SDT covered under omitted Sec.92BA(i); Remits for examination u/s.40A(2)(b)

  • In Favour of Assessee
  • Citation Number : TS-255-ITAT-2022(Bang)-TP
  • Tax Payer : Nava Karnataka Steels Pvt Ltd

ITAT: Rules on comparables; Adjudicates on various expenses being operating/non-operating for PLI computation

  • In Favour of Both, Partially
  • Citation Number : TS-256-ITAT-2022(PUN)-TP
  • Tax Payer : Rieter India Private Limited

ITAT: Excludes 2, includes 1 as comparable for investment-advisory service provider; Remits risk-adjustment

  • In Favour of Assessee
  • Citation Number : TS-258-ITAT-2022(DEL)-TP
  • Tax Payer : Chrys Capital Investment Advisors (India) Pvt Ltd

ITAT: Excludes 2 comparables citing functional dissimilarity, grants working capital adjustment; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-252-ITAT-2022(Mum)-TP
  • Tax Payer : Red Hat India Private Limited

ITAT: Directs AO to compute the margins of comparables in accordance with DRP’s directions

  • In Favour of Both, Partially
  • Citation Number : TS-251-ITAT-2022(Bang)-TP
  • Tax Payer : Black Knight India Solutions Pvt Ltd

ITAT: Deletes AMP-adjustment sans assessee-AE agreement; Excludes 2 comparables citing functional dissimilarity, etc

  • In Favour of Assessee
  • Citation Number : TS-253-ITAT-2022(Bang)-TP
  • Tax Payer : Alcon Laboratories (India) Private Limited

ITAT: Revisionary proceedings initiated with ‘borrowed satisfaction’ bad in law, sets aside PrCIT-order

  • In Favour of Assessee
  • Citation Number : TS-254-ITAT-2022(Mum)-TP
  • Tax Payer : Multi Commodity Exchange of India Limited