Updates ( 9025 results )

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ITAT: Remits issues on adjustments qua capacity, customs duty, forex fluctuations: Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-180-ITAT-2022(Bang)-TP
  • Tax Payer : Denso Kirloskar Industries Pvt Ltd

ITAT: Holds payment for management service fee to AE at ALP; follows precedent

  • In Favour of Assessee
  • Citation Number : TS-182-ITAT-2022(PUN)-TP
  • Tax Payer : Walter Tools India Private Limited

ITAT: Sets aside TP adjustment in Trading Segment: Restores warranty charges receivable, deletes disallowance of forex loss

  • In Favour of Both, Partially
  • Citation Number : TS-181-ITAT-2022(Bang)-TP
  • Tax Payer : Dell International Services India Private Limited

ITAT: Rules on comparables in SWD segment; Deletes adjustment on overdue AE receivables

  • In Favour of Both, Partially
  • Citation Number : TS-179-ITAT-2022(DEL)-TP
  • Tax Payer : Agilent Technologies India Pvt Ltd

ITAT: Remands benchmarking purchase of raw materials adopting CPM; Applies rule of consistency

  • In Favour of Assessee
  • Citation Number : TS-178-ITAT-2022(PUN)-TP
  • Tax Payer : ThyssenKrupp Electrical Steel India Pvt Ltd

ITAT: Remits verification of actual receipt of corporate management services and payment therefor; Casts substantiation onus on assessee

  • In Favour of Both, Partially
  • Citation Number : TS-176-ITAT-2022(DEL)-TP
  • Tax Payer : Federal Mogul Ignition Products India Ltd

ITAT: Rules on comparables in ITeS; Considers miscellaneous income as operating income to compute profit margin

  • In Favour of Both, Partially
  • Citation Number : TS-177-ITAT-2022(DEL)-TP
  • Tax Payer : MD Everywhere India (P) Limited

ITAT: Accepts assessee’s OP/VAE over TPO’s OP/TC as PLI; Restricts TP adjustment to international transactions

  • In Favour of Both, Partially
  • Citation Number : TS-174-ITAT-2022(Mum)-TP
  • Tax Payer : DHL Logistics Private Limited

ITAT: Deletes TP addition made on account of AMP adjustment and Sec 68 addition for sundry creditors

  • In Favour of Both, Partially
  • Citation Number : TS-173-ITAT-2022(DEL)-TP
  • Tax Payer : Amway India Enterprises Pvt Ltd

HC: Quashes assessment order passed without providing opportunity of being heard; Remands for De novo adjudication

  • In Favour of Assessee
  • Citation Number : TS-175-HC-2022(KAR)-TP
  • Tax Payer : Simplilearn Solutions Private Limited

ITAT: Excludes SWD companies with turnover above Rs.200 Cr.; Remits on WC adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-171-ITAT-2022(Bang)-TP
  • Tax Payer : Capco Technologies Pvt Ltd

ITAT: Sec.92C(4) inapplicable where Sec.10A exemption not claimed on TP adjustment; Sets aside revisionary order

  • In Favour of Assessee
  • Citation Number : TS-172-ITAT-2022(DEL)-TP
  • Tax Payer : Linde engineering India private limited

ITAT: Directs deletion of adjustment on account of intra-group services; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-165-ITAT-2022(DDN)-TP
  • Tax Payer : BG Exploration & Production India Ltd

ITAT: Accepts year-specific exchange rate differential as markup on LIBOR for interest on receivables

  • In Favour of Both, Partially
  • Citation Number : TS-161-ITAT-2022(DEL)-TP
  • Tax Payer : Headstrong Services India Pvt. Ltd

ITAT: Allows risk adjustment basis unique manufacturing activity & competitive landscape; Upholds Ashnoor Textiles Mills as comparable

  • In Favour of Assessee
  • Citation Number : TS-164-ITAT-2022(CHNY)-TP
  • Tax Payer : India Trimmings (P) Ltd

ITAT: Deletes cost contribution adjustment, following group entity's case; Rejects standalone benchmarking under CUP

  • In Favour of Assessee
  • Citation Number : TS-162-ITAT-2022(Bang)-TP
  • Tax Payer : Ingersoll-Rand Technologies and Services Pvt Ltd

ITAT: Excludes SWD and ITeS companies above Rs.200 Cr. turnover; Deletes negative WC adjustment for captive service provider

  • In Favour of Assessee
  • Citation Number : TS-160-ITAT-2022(Bang)-TP
  • Tax Payer : Quest Global Engineering Services Pvt Ltd

ITAT: Remits verification of clubbing of non-AE expenses under AE segment; Holds onus lies on assessee

  • In Favour of Both, Partially
  • Citation Number : TS-159-ITAT-2022(Bang)-TP
  • Tax Payer : Inger-Soll Rand International (India) Pvt Ltd

ITAT: Upholds turnover filter of Rs.200-Rs.2000 Cr. in SWD & ITeS segments; Follows LG Soft India

  • In Favour of Both, Partially
  • Citation Number : TS-151-ITAT-2022(Bang)-TP
  • Tax Payer : Robert Bosch Engineering and Business Solutions Ltd

ITAT: Quashes TPO’s order proposing adjustment of SDT due to deletion of Sec.92BA(i); Relies on Ammann India

  • In Favour of Assessee
  • Citation Number : TS-158-ITAT-2022(Ahd)-TP
  • Tax Payer : Laxmi Hydrocolloids