Updates ( 9025 results )

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HC: Challenging TP order in writ premature, Dismisses assessee’s writ considering availability of appellate remedy

  • In Favour of Revenue
  • Citation Number : TS-685-HC-2021(MAD)-TP
  • Tax Payer : Bonfiglioli Transmission Private Limited

ITAT: Upholds DRP’s directions to exclude comparables; dismisses Revenue’s appeal seeking their inclusion

  • In Favour of Assessee
  • Citation Number : TS-686-ITAT-2021(HYD)-TP
  • Tax Payer : Parexel International (India) Private Limited

HC: Holds difference in guarantee rate to be charged not a substantial question of law

  • In Favour of Assessee
  • Citation Number : TS-690-HC-2021(RAJ)-TP
  • Tax Payer : Vaibhav Global Limited

ITAT: Rejects existence of Mitsui’s DAPE in India and consequent profit attribution, Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-04-ITAT-2022(DEL)-TP
  • Tax Payer : Mitsui & Co

ITAT: Lam Research India Pvt Ltd

  • In Favour of Assessee
  • Citation Number : TS-667-ITAT-2021(Bang)-TP
  • Tax Payer : Lam Research India Pvt Ltd

ITAT: Rejects NIL ‘ALP’ for reimbursement of expenses and shared services cost, considers documentary evidence

  • In Favour of Assessee
  • Citation Number : TS-02-ITAT-2022(Mum)-TP
  • Tax Payer : PPG Coatings India Private Limited

ITAT: Quashes time barred TP order, deletes consequent TP adjustment

  • In Favour of Assessee
  • Citation Number : TS-675-ITAT-2021(Bang)-TP
  • Tax Payer : Swiss Re Global Business Solution India Pvt Ltd

ITAT: Deletes AMP adjustment towards alleged Hyundai Motor Corp’s brand enhancement; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-677-ITAT-2021(CHNY)-TP
  • Tax Payer : Hyundai Motor India Ltd

ITAT: Admits additional evidence by assessee for supporting payment of corporate management fee, remits matter

  • In Favour of Both, Partially
  • Citation Number : TS-674-ITAT-2021(Bang)-TP
  • Tax Payer : Euronet Services India Pvt Ltd

ITAT: Upholds application of turnover filter of Rs. 200 crores for SWD and ITES segment; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-676-ITAT-2021(Bang)-TP
  • Tax Payer : Software Paradigms Infotech Pvt Ltd

HC: Karnataka HC quashes assessment order passed without DRP directions, being violative of 144C

  • In Favour of Assessee
  • Citation Number : TS-672-HC-2021(KAR)-TP
  • Tax Payer : ACI Worldwide Solutions Pvt Ltd

ITAT: Rules on comparable selection for SWD provider on multiple criteria

  • In Favour of Both, Partially
  • Citation Number : TS-670-ITAT-2021(HYD)-TP
  • Tax Payer : Wave Crest Payment Technology Pvt Ltd

ITAT: Rules on comparable selection, remits working capital and risk adjustment for SWD provider; Follows Huawei Technologies

  • In Favour of Assessee
  • Citation Number : TS-669-ITAT-2021(Bang)-TP
  • Tax Payer : SAP Labs India Pvt Ltd

ITAT: Upholds RBI approved royalty payment rate of 5% as against subsequent year revised rate of 4%; Follows precedent in principle

  • In Favour of Assessee
  • Citation Number : TS-668-ITAT-2021(HYD)-TP
  • Tax Payer : Owens Corning Industries (India) Pvt. Ltd.

ITAT: Excludes L&T Infotech, Persistent Systems, Rejects negative working capital adjustment for SWD service-provider

  • In Favour of Assessee
  • Citation Number : TS-665-ITAT-2021(Bang)-TP
  • Tax Payer : Fiberlink Software Pvt Ltd

ITAT: Rejects negative working capital adjustment for captive SWD provider; rules on selection of comparables

  • In Favour of Assessee
  • Citation Number : TS-666-ITAT-2021(Bang)-TP
  • Tax Payer : GXS India Technology Centre Pvt Ltd

ITAT: Rules on comparables in Dell International Services' case, Excludes seven, remits two

  • In Favour of Both, Partially
  • Citation Number : TS-664-ITAT-2021(Bang)-TP
  • Tax Payer : Dell International Services India Private Limited

ITAT: Upholds RPM for trading segment & CPM for manufacturing segment, sans contradictory evidence; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-663-ITAT-2021(Bang)-TP
  • Tax Payer : A.O. Smith India Water Products Pvt Ltd

ITAT: Rules on various aspects of ALP determination for manufacturing segment and IGS, follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-662-ITAT-2021(Bang)-TP
  • Tax Payer : SKF Engineering and Lubrication India Pvt Ltd

ITAT: Rules on selection of comparables; Remits capacity, working capital, risk adjustment etc., follows Baracuda Networks

  • In Favour of Both, Partially
  • Citation Number : TS-661-ITAT-2021(Bang)-TP
  • Tax Payer : Atmecs Technologies Private Limited