Updates ( 9025 results )

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ITAT: Directs re-examination of PLI computation reducing pre-operative expenses following IKA India ruling; Restricts TP-adjustment to AE transactions

  • In Favour of Assessee
  • Citation Number : TS-207-ITAT-2022(Bang)-TP
  • Tax Payer : Toyota Tsusho India Private Limited

ITAT: Rules on comparables in ITeS segment, follows precedent; Directs no negative working-capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-200-ITAT-2022(Bang)-TP
  • Tax Payer : Conduent Business Services India LLP

ITAT: Upholds TP adjustment on interest-free advances, corporate guarantee; Restores ALP determination of purchases

  • In Favour of Both, Partially
  • Citation Number : TS-201-ITAT-2022(Bang)-TP
  • Tax Payer : United Spirits Limited

ITAT: Rules on comparables for SWD and ITES; Deletes addition for alleged agency for money transfer activities

  • In Favour of Both, Partially
  • Citation Number : TS-202-ITAT-2022(Bang)-TP
  • Tax Payer : Transworld ICT Solutions Pvt Ltd

ITAT: Considers assessee’s submissions; Dismisses appeal as withdrawn for AY 2015-16

  • In Favour of Assessee
  • Citation Number : TS-203-ITAT-2022(PUN)-TP
  • Tax Payer : Dream Plast India Pvt Ltd

ITAT: Restores the TP issue on corporate guarantee and interest on AE loans to CIT(A); Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-198-ITAT-2022(DEL)-TP
  • Tax Payer : Fresenius Kabi Oncology Ltd

ITAT: Rules on comparables, treats forex fluctuation as operating; Holds no negative WC adjustment

  • In Favour of Assessee
  • Citation Number : TS-196-ITAT-2022(Bang)-TP
  • Tax Payer : Infineon Technologies India Pvt Ltd

ITAT: Deletes upward TP adjustment on AE receivables for delayed payment; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-195-ITAT-2022(CHNY)-TP
  • Tax Payer : Vestas Technology R&D Chennai Private Limited

ITAT: Remands various issues such as ALP determination, forex fluctuations, depreciation and working capital adjustment for fresh analysis

  • In Favour of Both, Partially
  • Citation Number : TS-194-ITAT-2022(Bang)-TP
  • Tax Payer : Tokai Rika Minda India Private Limited

ITAT: Rules on comparables in SWD and P&T segments; Allows working-capital adjustment on actuals

  • In Favour of Both, Partially
  • Citation Number : TS-193-ITAT-2022(Bang)-TP
  • Tax Payer : Tyco Fire & Security India Pvt Ltd

ITAT: Deletes interest adjustment on share application money; Considers LIBOR plus 300 basis point on advances recoverable

  • In Favour of Assessee
  • Citation Number : TS-192-ITAT-2022(Mum)-TP
  • Tax Payer : Strides Pharma Science Ltd

ITAT: Rules on comparables for SWD; Directs AO/TPO to grant working capital adjustment on actuals

  • In Favour of Assessee
  • Citation Number : TS-191-ITAT-2022(Bang)-TP
  • Tax Payer : Verifone India Technology Private Limited

ITAT: Time limit for passing TP-order u/s 92CA(3A) r.w.s. 153 mandatory; Quashes order for being time-barred

  • In Favour of Assessee
  • Citation Number : TS-187-ITAT-2022(Bang)-TP
  • Tax Payer : Tata Power Solar Systems Ltd

HC: Urges AO to form independent view on reassessment and not follow audit opinion, follows precedent

  • In Favour of Assessee
  • Citation Number : TS-189-HC-2022(BOM)-TP
  • Tax Payer : Sodexo India Services Pvt Ltd

ITAT: Rules on whether outstanding AE receivable constitute a separate international transaction, refers to Instrumentation Corporation

  • In Favour of Both, Partially
  • Citation Number : TS-188-ITAT-2022(Bang)-TP
  • Tax Payer : Goodrich Aerospace Services Pvt Ltd

ITAT: Remands ALP determination of royalty payment and buy back of equity shares; Directs assessee to file requisite details

  • In Favour of Assessee
  • Citation Number : TS-190-ITAT-2022(Bang)-TP
  • Tax Payer : Givaudan (India) Pvt Ltd

ITAT: Adjudicates on TP-adjustments qua interest free loans, guarantees and provision of software consultancy services by TCS

  • In Favour of Both, Partially
  • Citation Number : TS-186-ITAT-2022(Mum)-TP
  • Tax Payer : Tata Consultancy Services Ltd

ITAT: Rules on merits on AMP, Royalty issue; Dismisses assessee's stay application as fructuous

  • In Favour of Both, Partially
  • Citation Number : TS-184-ITAT-2022(DEL)-TP
  • Tax Payer : Adidas India Marketing (P.) Ltd

ITAT: Rules on comparables, Directs deletion of TP adjustment qua non-binding Investment Advisory Services

  • In Favour of Assessee
  • Citation Number : TS-185-ITAT-2022(Mum)-TP
  • Tax Payer : Credit Suisse Consulting (India) Private Limited

ITAT: Excludes comparables with turnover above Rs. 200 Cr; Directs corporate guarantee ALP @ 0.5%

  • In Favour of Both, Partially
  • Citation Number : TS-183-ITAT-2022(Bang)-TP
  • Tax Payer : Sami –Sabinsa Group Ltd