Updates ( 9025 results )

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ITAT: Upholds grant of depreciation adjustment made to assessee’s margins; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-81-ITAT-2022(Bang)-TP
  • Tax Payer : 24/7 Customer Private Ltd

ITAT: Directs aggregated benchmarking for sales and extended credit facility; Deems them ‘ closely linked’ transaction

  • In Favour of Assessee
  • Citation Number : TS-83-ITAT-2022(Mum)-TP
  • Tax Payer : Yash Jewellery Pvt Ltd

ITAT: Upholds CIT(A); Directs TNMM based benchmarking for IGS rendered by AEs

  • In Favour of Both, Partially
  • Citation Number : TS-82-ITAT-2022(Mum)-TP
  • Tax Payer : Endemol India Pvt Ltd

ITAT: Upholds Singapore AE as tested party; RPM as MAM for import of finished goods

  • In Favour of Assessee
  • Citation Number : TS-80-ITAT-2022(Mum)-TP
  • Tax Payer : Kellogg India Private Limited

ITAT: Permits part withdrawal of appeal; Grounds pertaining to TP issues covered under APA

  • In Favour of Assessee
  • Citation Number : TS-79-ITAT-2022(PUN)-TP
  • Tax Payer : NortonLifeLock India Pvt Ltd

ITAT: Rules on comparables selection; Denies risk adjustment sans higher risk profile of assessee

  • In Favour of Both, Partially
  • Citation Number : TS-78-ITAT-2022(PUN)-TP
  • Tax Payer : Knorr-Bremse Technology Center India Pvt Ltd

ITAT: Upholds deletion of 271(1)(c) penalty; ALP adjustment due to estimation difference not concealment

  • In Favour of Assessee
  • Citation Number : TS-76-ITAT-2022(Mum)-TP
  • Tax Payer : Zee Entertainment Enterprises Ltd

ITAT: Rejects DRP’s non-inclusion of companies having data in public-domain; Applies upper turnover filter

  • In Favour of Both, Partially
  • Citation Number : TS-73-ITAT-2022(Bang)-TP
  • Tax Payer : Prism Networks Private Limited

ITAT: Allows working capital adjustment on SDT; Follows Huawei Technologies ruling

  • In Favour of Both, Partially
  • Citation Number : TS-75-ITAT-2022(Bang)-TP
  • Tax Payer : Bharat Vijaykumar Jain

ITAT: Remits determination of existence of international transaction for AMP-expenses; Directs de novo adjudication

  • In Favour of Both, Partially
  • Citation Number : TS-77-ITAT-2022(Bang)-TP
  • Tax Payer : Transitions Optical Distribution Pvt Ltd

ITAT: Directs application of 15% RPT filter; Remits capacity adjustment and turnover filter determination

  • In Favour of Both, Partially
  • Citation Number : TS-71-ITAT-2022(Bang)-TP
  • Tax Payer : Toyota Kirloskar Auto Parts Pvt. Ltd

ITAT: Deletes 271BA penalty on MTNL qua non-reporting of salary cost of deputed employees, Applies 273B

  • In Favour of Assessee
  • Citation Number : TS-72-ITAT-2022(DEL)-TP
  • Tax Payer : Mahanagar Telephone Nigam Ltd

ITAT: Deletes interest on outstanding receivables from AE; Directs TP adjustment of 0.50% on corporate guarantee

  • In Favour of Both, Partially
  • Citation Number : TS-69-ITAT-2022(Bang)-TP
  • Tax Payer : Tejas Networks Limited

ITAT: Excludes 2, remits 2 comparables; Restores depreciation adjustment and remits working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-67-ITAT-2022(DEL)-TP
  • Tax Payer : DE Diamond Electric India Pvt Ltd

ITAT: Admits additional ground; Holds assessment order in non-compliance with DRP’s directions as non-est

  • In Favour of Assessee
  • Citation Number : TS-68-ITAT-2022(DEL)-TP
  • Tax Payer : L.G. Electronics Inc

ITAT: Rules on Ford India’s turnover base for royalty computation

  • In Favour of Both, Partially
  • Citation Number : TS-65-ITAT-2022(CHNY)-TP
  • Tax Payer : Ford Global Technologies LLC

ITAT: Upholds DRP’s direction for inclusion of Microland as ITES comparable absent Revenue’s objection

  • In Favour of Assessee
  • Citation Number : TS-64-ITAT-2022(Bang)-TP
  • Tax Payer : Capital One Services (India) Pvt Ltd

ITAT: Upholds assessee’s classification as ‘business support service provider’, Directs exclusion of FOB costs for margin computation

  • In Favour of Assessee
  • Citation Number : TS-66-ITAT-2022(DEL)-TP
  • Tax Payer : Itochu India Private Ltd

ITAT: Remits 7 comparables; Upholds 0.5% commission at ALP for corporate guarantee fee

  • In Favour of Both, Partially
  • Citation Number : TS-61-ITAT-2022(Bang)-TP
  • Tax Payer : Xchanging Solutions Ltd (formerly Cambridge Solutions Limited)

ITAT: Rules on comparables for SWD and ITeS segments; Adjudicates on working capital adjustment and other grounds

  • In Favour of Both, Partially
  • Citation Number : TS-63-ITAT-2022(HYD)-TP
  • Tax Payer : ADP Pvt. Ltd.