Updates ( 9025 results )

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ITAT: Quashes draft order passed in violation of Sec 144C, Follows Vijay Television

  • In Favour of Assessee
  • Citation Number : TS-40-ITAT-2022(Bang)-TP
  • Tax Payer : Cisco Systems Services B.V. (India Branch)

ITAT: Follows coordinate bench order, remits Cosmic Global Ltd for fresh consideration as comparable

  • In Favour of Both, Partially
  • Citation Number : TS-35-ITAT-2022(CHNY)-TP
  • Tax Payer : MPS Ltd

ITAT: Quashes reopening, terms it invalid; Absent tangible material for reopening assessment

  • In Favour of Assessee
  • Citation Number : TS-37-ITAT-2022(Mum)-TP
  • Tax Payer : Vananchal Properties Ltd

ITAT: Rules on comparables for technical consultancy services; Excludes 3 functionally dissimilar companies

  • In Favour of Assessee
  • Citation Number : TS-36-ITAT-2022(DEL)-TP
  • Tax Payer : CH2M Hill (India) Pvt Ltd

ITAT: Remits ALP computation for corporate services fees after reducing 50% of interest savings on loan

  • In Favour of Both, Partially
  • Citation Number : TS-38-ITAT-2022(CHANDI)-TP
  • Tax Payer : Centrient Pharmaceuticals India Pvt Ltd

ITAT: Rules on selection of SWD comparables basis huge turnover, abnormal profitability; Relies on Acusis Software India

  • In Favour of Assessee
  • Citation Number : TS-39-ITAT-2022(DEL)-TP
  • Tax Payer : Serco India Pvt Ltd

ITAT: Remits ALP determination after application of upper turnover filter for selecting comparables, follows precedent

  • In Favour of Assessee
  • Citation Number : TS-713-ITAT-2021(Bang)-TP
  • Tax Payer : Razorpay Software Pvt Ltd

ITAT: Deletes TP adjustment on medical equipment and outstanding receivables; Follows Precedent

  • In Favour of Assessee
  • Citation Number : TS-30-ITAT-2022(DEL)-TP
  • Tax Payer : DHR Holding India Pvt Ltd

ITAT: Rectifies previous order, Excludes 2 more comparables for the MSS segment; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-29-ITAT-2022(Bang)-TP
  • Tax Payer : Microchip Technology (India) Pvt Ltd

ITAT: Rules on comparables for SWD; Excludes eight, includes one

  • In Favour of Both, Partially
  • Citation Number : TS-27-ITAT-2022(Bang)-TP
  • Tax Payer : M/s Infor(Bangalore) Pvt Ltd (Previously Softbrands India Private Ltd., now merged with Infor India Private Ltd.)

ITAT: Quashes draft re-assessment order passed in violation of Sec 144C, Follows Vijay Television

  • In Favour of Assessee
  • Citation Number : TS-28-ITAT-2022(Bang)-TP
  • Tax Payer : Cisco Systems Services B.V. (India Branch)

ITAT: Deletes TP adjustment on medical equipment; Remits adjustment on outstanding receivables

  • In Favour of Both, Partially
  • Citation Number : TS-25-ITAT-2022(DEL)-TP
  • Tax Payer : DHR Holding India Pvt Ltd

ITAT: Rules on comparables for SWD and ITeS segments; Holds forex gain/loss as operating in nature

  • In Favour of Both, Partially
  • Citation Number : TS-24-ITAT-2022(Bang)-TP
  • Tax Payer : Arctern Consulting Pvt Ltd

HC: Dismisses writ challenging assessment-order passed during pendency of NCLT-proceedings; Directs adjudication on merits by CIT(A)

  • In Favour of Revenue
  • Citation Number : TS-712-HC-2021(MAD)-TP
  • Tax Payer : Coastal Engergy Private Limited

ITAT: Quashes Sec 263 order, holds SDT non reference not prejudicial; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-23-ITAT-2022(NAG)-TP
  • Tax Payer : Automark Industries (India) Pvt Ltd

ITAT: Rules on Support Services' comparables, remits working capital adjustment; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-20-ITAT-2022(DEL)-TP
  • Tax Payer : Honda R & D (India) Pvt Ltd

ITAT: Rejects TPO-reference for SDT-applicability; Upholds SEB rates for steam/ electricity transfer

  • In Favour of Both, Partially
  • Citation Number : TS-21-ITAT-2022(DEL)-TP
  • Tax Payer : Shahi Exports Pvt Ltd

ITAT: Dismisses Revenue’s cryptic and non-specific grounds; Keeps option to file specific grounds open

  • In Favour of Assessee
  • Citation Number : TS-22-ITAT-2022(DEL)-TP
  • Tax Payer : ALcatel Lucent India Ltd

ITAT: Applies upper turnover filter, Directs selection of comparables having turnover of 1-200 crores; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-19-ITAT-2022(Bang)-TP
  • Tax Payer : Cenduit (India) Services Pvt Ltd

ITAT: Upholds ALP of inter-unit electricity transfer basis third-party market rate, follows precedent

  • In Favour of Assessee
  • Citation Number : TS-18-ITAT-2022(Ahd)-TP
  • Tax Payer : Vishal Fabrics Ltd