Updates ( 9025 results )

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ITAT: Grants conditional stay for 6 months, Directs 20% payment

  • In Favour of Assessee
  • Citation Number : TS-228-ITAT-2022(Bang)-TP
  • Tax Payer : Schneider Electric IT Business India Pvt Ltd

ITAT: Directs no separate adjustment for AMP expenses, since assessee’s net margin at arm’s length

  • In Favour of Assessee
  • Citation Number : TS-226-ITAT-2022(Bang)-TP
  • Tax Payer : Epson India Private Limited

ITAT: Allows extended AE credit period in light of applicability of APA rollback; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-227-ITAT-2022(Bang)-TP
  • Tax Payer : ANZ Support Services India Private Limited

ITAT: Rules on selection of comparables in SWD segment, Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-223-ITAT-2022(Bang)-TP
  • Tax Payer : ANSR Global Corporation Pvt Ltd

ITAT: Rejects TPO’s PSM for royalty ALP determination; Holds TNMM as MAM, follows precedent

  • In Favour of Assessee
  • Citation Number : TS-222-ITAT-2022(Bang)-TP
  • Tax Payer : Toyota Boshoku Automotive India Pvt Ltd

ITAT: Rules on comparables; Directs forex loss be treated as non-operative; Grants working-capital adjustment on actuals

  • In Favour of Both, Partially
  • Citation Number : TS-220-ITAT-2022(Bang)-TP
  • Tax Payer : Marlabs Innovations Pvt Ltd

ITAT: Deletes TP-adjustment on purchases of traded goods; Directs gross margin of comparable company at 11.08%

  • In Favour of Both, Partially
  • Citation Number : TS-218-ITAT-2022(Mum)-TP
  • Tax Payer : B Braun Medical (India) Private Limited

ITAT: Rules on selection of comparables for SWD; Grants working-capital adjustment on actuals

  • In Favour of Both, Partially
  • Citation Number : TS-215-ITAT-2022(Bang)-TP
  • Tax Payer : Meritor CVS India (P) Ltd

ITAT: Adjudicates on TP adjustments w.r.t software consultancy services, loans and guarantee; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-217-ITAT-2022(Mum)-TP
  • Tax Payer : Tata Consultancy Services Ltd

ITAT: Applies UK MAP/ APA margins to Luxembourg entity; Rules on ALP for purchase of fixed assets

  • In Favour of Assessee
  • Citation Number : TS-216-ITAT-2022(DEL)-TP
  • Tax Payer : Colt Technology Services India Pvt. Ltd

ITAT: Considers extended credit-period to AE as separate international-transaction; Imputes interest only qua overdue invoices

  • In Favour of Assessee
  • Citation Number : TS-211-ITAT-2022(Bang)-TP
  • Tax Payer : Biocon Biologics Limited

ITAT: Directs aggregation of commission, warranty and sale services transaction with distribution segment; Applies TNMM as MAM

  • In Favour of Both, Partially
  • Citation Number : TS-212-ITAT-2022(Bang)-TP
  • Tax Payer : TEKTRONIX INDIA PVT LTD

ITAT: Amended Sec 92CA(4) order binding on AO, No discretion to travel beyond ALP determined by TPO

  • In Favour of Assessee
  • Citation Number : TS-213-ITAT-2022(DEL)-TP
  • Tax Payer : EFS Facilities Services (India) Pvt Ltd

ITAT: Rules on comparables in SWD segment, Excludes 4, remits 3 and includes 1; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-214-ITAT-2022(Bang)-TP
  • Tax Payer : Cypress Semiconductor Technology India Pvt Ltd

ITAT: Upholds CIT(A)’s direction to delete Sec 271(1)(c) penalty on TP-adjustment given relied in quantum proceedings

  • In Favour of Assessee
  • Citation Number : TS-208-ITAT-2022(PUN)-TP
  • Tax Payer : Rieter India Private Limited

ITAT: Rules on comparables in ITeS segment, Excludes 3; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-209-ITAT-2022(DEL)-TP
  • Tax Payer : WNS Business Consulting Services Pvt Ltd

ITAT: Rules on comparables for Manufacturing and SWD segment; Remits issues on adjustments qua capacity, customs duty, forex fluctuations

  • In Favour of Both, Partially
  • Citation Number : TS-210-ITAT-2022(Bang)-TP
  • Tax Payer : Continental Automotive Components India Pvt Ltd

ITAT: Deletes TP-adjustment made on account of outstanding AE receivables; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-206-ITAT-2022(DEL)-TP
  • Tax Payer : Trend Micro India Pvt Ltd

ITAT: Rules on comparables in SWD and ITeS segment; Deletes negative working capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-205-ITAT-2022(Bang)-TP
  • Tax Payer : Dell International Services India Private Limited

ITAT: Deletes TP-adjustment qua payment of Management Services' and Global Client Management Fee; Considers AE as tested party

  • In Favour of Both, Partially
  • Citation Number : TS-204-ITAT-2022(Mum)-TP
  • Tax Payer : ISS Facility Services India Private Limited