Updates ( 9025 results )

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ITAT: Upholds RPM as MAM subject to AMP functional intensity adjustment; Deletes BLT based protective adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-62-ITAT-2022(DEL)-TP
  • Tax Payer : Luxottica India Eyewear Pvt Ltd

ITAT: Upholds deferred AE receivable as international transaction; Imputes LIBOR+2% as ALP interest on O/s receivables

  • In Favour of Both, Partially
  • Citation Number : TS-59-ITAT-2022(Bang)-TP
  • Tax Payer : Swiss Re Global Business Solutions India Pvt Ltd

ITAT: Remits verification of similarity of current year facts and law qua APA for subsequent years; Admits supporting evidences

  • In Favour of Assessee
  • Citation Number : TS-58-ITAT-2022(CHNY)-TP
  • Tax Payer : Sanmina – SCI India Pvt Ltd

ITAT: Allows assessee’s aggregation of closely linked transactions for ALP determination; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-56-ITAT-2022(Bang)-TP
  • Tax Payer : Societe General Global Solution Centre Pvt Ltd

ITAT: Rules on selection of comparables; Excludes 3, remits 6 for verification; Denies negative working-capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-60-ITAT-2022(Bang)-TP
  • Tax Payer : Harman Connected Services Corporation India Private Limited (formerly known as Core Objects India Private Limited)

ITAT: Upholds provision for bad debts as ‘operating’; Denies lease rental adjustment on unutilized capacity

  • In Favour of Both, Partially
  • Citation Number : TS-49-ITAT-2022(CHNY)-TP
  • Tax Payer : MPS Technologies Ltd

ITAT: Directs 40A(2) examination while deleting TP-adjustment on SDT; Follows jurisdictional HC

  • In Favour of Both, Partially
  • Citation Number : TS-55-ITAT-2022(Bang)-TP
  • Tax Payer : Neogenetics Foods Private Limited

HC: Refuses reconsideration of TP questions in remand proceedings; Takes cognisance of prior rulings

  • In Favour of Assessee
  • Citation Number : TS-53-HC-2022(RAJ)-TP
  • Tax Payer : Vaibhav Global Limited

ITAT: Excludes 4 comparables, includes 1, remits 2; Remits adjustment on account of outstanding receivables

  • In Favour of Both, Partially
  • Citation Number : TS-54-ITAT-2022(Bang)-TP
  • Tax Payer : Global e-Business Operations Pvt Ltd

ITAT: Remits grant of working capital adjustment, rules on comparables for SWD segment; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-52-ITAT-2022(Bang)-TP
  • Tax Payer : Auriga Software Technologies Private Limited

ITAT: Excludes 3 comparables on the basis of FAR analysis; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-51-ITAT-2022(Bang)-TP
  • Tax Payer : Acusis Software India Pvt Ltd

FC: Holds interest on Loan notes benchmarking should be contemporaneous and in line with third party scenario

  • In Favour of Revenue
  • Citation Number : TS-33-FC-2022(AUS)-TP
  • Tax Payer : Singapore Telecom Australia Investments Pty Ltd

ITAT: Upholds RPM for finished goods and TNMM for semi-finished, subject to substantiation, Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-46-ITAT-2022(Bang)-TP
  • Tax Payer : AMC Cookware (India) Pvt Ltd

ITAT: Restricts TP addition to only AE sales; Relies on Kirloskar Toyota Textile Machinery, Thyssen Krupp

  • In Favour of Assessee
  • Citation Number : TS-47-ITAT-2022(Bang)-TP
  • Tax Payer : Veero Metals Pvt Ltd

ITAT: Rules on comparables for SWD and ITeS; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-48-ITAT-2022(Bang)-TP
  • Tax Payer : First American (India) Private Limited

ITAT: Quashes sec. 263 order; AO’s reference to TPO for SDT not mandatory

  • In Favour of Assessee
  • Citation Number : TS-45-ITAT-2022(NAG)-TP
  • Tax Payer : DP Jain Nagda Gogapur BOT Annuity Project Pvt Ltd

ITAT: Excludes Accentia Technologies as comparable, follows precedent

  • In Favour of Assessee
  • Citation Number : TS-44-ITAT-2022(Mum)-TP
  • Tax Payer : Deutsche CIB Centre Pvt Ltd

ITAT: Deletes 271G penalty absent satisfaction of default u/s 92D; Rejects invalid invocation under sec. 92C

  • In Favour of Assessee
  • Citation Number : TS-43-ITAT-2022(Mum)-TP
  • Tax Payer : Enhance Ambient Communication Pvt Ltd

ITAT: Rejects comparables basis application of export sales filter of more than 10% of total sales

  • In Favour of Assessee
  • Citation Number : TS-41-ITAT-2022(DEL)-TP
  • Tax Payer : Munjal Showa Ltd.

ITAT: Remits issue to determine current year’s net margin in line with APA; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-42-ITAT-2022(Bang)-TP
  • Tax Payer : Timken Engineering & Research India Pvt. Ltd