Updates ( 9025 results )
HC: Dismisses Revenue’s appeal considering low tax effect; Keeps comparability and 14A issue live
- In Favour of Assessee
- Citation Number : TS-688-HC-2021(MAD)-TP
- Tax Payer : Igarashi Motors India Ltd
ITAT: Disapproves CIT(A)’s selective reliance on 133(6) data for choosing high margin SWD comparables
- In Favour of Assessee
- Citation Number : TS-15-ITAT-2022(Bang)-TP
- Tax Payer : Infor (Bangalore) P Ltd
ITAT: Quashes final assessment order as not in conformity with DRP’s directions; Follows precedent
- In Favour of Assessee
- Citation Number : TS-14-ITAT-2022(DEL)-TP
- Tax Payer : Olympus Medical Systems Pvt Ltd
ITAT: Rejects revisionary jurisdiction qua void assessment order passed in violation of Sec 144C
- In Favour of Assessee
- Citation Number : TS-13-ITAT-2022(PAT)-TP
- Tax Payer : Dina Mahabir Re-Rollers Pvt Ltd
ITAT: Upholds internal TNMM for ALP determination; Directs segmental costs calculation basis CA’s certificate
- In Favour of Assessee
- Citation Number : TS-12-ITAT-2022(DEL)-TP
- Tax Payer : In Trading Pvt Ltd
HC: Quashes AOs’ arbitrary order and consequent DRP order, Remits matter to DRP for fresh consideration
- In Favour of Assessee
- Citation Number : TS-707-HC-2021(KAR)-TP
- Tax Payer : Marvell India Pvt Ltd
HC: Holds final AO order sans DRP’s directions as arbitrary, illegal and without jurisdiction/authority; Quashes it
- In Favour of Assessee
- Citation Number : TS-706-HC-2021(KAR)-TP
- Tax Payer : Marvell India Pvt Ltd
ITAT: Quashes draft order passed alongwith demand & penalty notice; Cites violation of Sec 144C procedure
- In Favour of Assessee
- Citation Number : TS-705-ITAT-2021(Bang)-TP
- Tax Payer : Cisco Systems Services B.V. (India Branch)
ITAT: Upholds revisionary order u/s 263; Directs AO to recompute TP-adjustment basis TPO’s order
- In Favour of Revenue
- Citation Number : TS-10-ITAT-2022(DEL)-TP
- Tax Payer : ACTIA (India) Pvt Ltd
ITAT: Allows assessee’s MP, upholds royalty benchmarking on aggregated basis qua fresh comparables, Directs to consider range benefit
- In Favour of Assessee
- Citation Number : TS-701-ITAT-2021(Bang)-TP
- Tax Payer : Toyota Kirloskar Motors Pvt Ltd
HC: Quashes assessment order, restricts AO's assumption of jurisdiction by directly passing final order
- In Favour of Assessee
- Citation Number : TS-703-HC-2021(BOM)-TP
- Tax Payer : Shell India Market Pvt Ltd
ITAT: Directs exclusion of 10 comparables for HP India Software Operations; Remits working capital adjustment
- In Favour of Both, Partially
- Citation Number : TS-702-ITAT-2021(Bang)-TP
- Tax Payer : Hewlett Packard (India) Software Operation Pvt Ltd
ITAT: Upholds TPO’s directions in adopting LIBOR as interest benchmark for making payments to AEs overseas
- In Favour of Both, Partially
- Citation Number : TS-698-ITAT-2021(HYD)-TP
- Tax Payer : Maanaveeya Development & Finance P Ltd
ITAT: Directs TPO for ALP adjustment after exclusion of comparables; Follows precedent
- In Favour of Both, Partially
- Citation Number : TS-695-ITAT-2021(HYD)-TP
- Tax Payer : Progressive Digital Media Private Limited
HC: Denies writ jurisdiction, directs alternative redressal to challenge draft-order passed on non-existing transferor-company
- In Favour of Assessee
- Citation Number : TS-689-HC-2021(MAD)-TP
- Tax Payer : Mando Automotive India Private Limited
HC: Quashes rejection of assessee's objections basis non-appearance before DRP, Directs adjudication on merits
- In Favour of Revenue
- Citation Number : TS-687-HC-2021(MAD)-TP
- Tax Payer : Sesa Sterlite Limited
ITAT: Excludes forex loss from operating expenditure; remits issue on working capital adjustment
- In Favour of Assessee
- Citation Number : TS-679-ITAT-2021(CHNY)-TP
- Tax Payer : Kwang Jin India Autosystems Pvt Ltd
ITAT: Upholds CIT(A)’s dismissal of assessee’s appeal against draft order instead of final assessment order
- In Favour of Revenue
- Citation Number : TS-683-ITAT-2021(HYD)-TP
- Tax Payer : China State Construction Engineering (Hong Kong) Limited
ITAT: Upholds US-MAP margin for non US-AE for EDS seg; Rules on comparables for MSS
- In Favour of Both, Partially
- Citation Number : TS-06-ITAT-2022(Bang)-TP
- Tax Payer : Textron India Pvt Ltd
ITAT: Upholds RPM for resale, absent any manufacturing for the AY; Follows Precedent
- In Favour of Both, Partially
- Citation Number : TS-05-ITAT-2022(Bang)-TP
- Tax Payer : Randox Laboratories India Private Limited