Updates ( 9031 results )

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ITAT: Remits assessee’s functional characterization and TP-adjustment on receivables, follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-570-ITAT-2021(DEL)-TP
  • Tax Payer : Dassault Systems India Pvt Ltd

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

  • In Favour of Both, Partially
  • Citation Number : TS-572-ITAT-2021(Bang)-TP
  • Tax Payer : Aptean India Pvt. Ltd

ITAT: Upholds TP adjustment on management fees for lack of relevant documentary evidence

  • In Favour of Revenue
  • Citation Number : TS-566-ITAT-2021(CHNY)-TP
  • Tax Payer : Lite-on Mobile India Pvt.Ltd

ITAT: Rejects comparison with Infosys BPM, Dun & Bradstreet while remits Nihilent Analytics over mapping segment

  • In Favour of Both, Partially
  • Citation Number : TS-567-ITAT-2021(DEL)-TP
  • Tax Payer : Cowi India Pvt. Ltd

ITAT: Allows MA over non-service of Revenue's written submission due to COVID restrictions

  • In Favour of Assessee
  • Citation Number : TS-568-ITAT-2021(Mum)-TP
  • Tax Payer : CLSA India Pvt Ltd

ITAT: Remits ALP-computation basis margins for years held to be comparable, consideration of working-capital adjustment, etc

  • In Favour of Both, Partially
  • Citation Number : TS-561-ITAT-2021(Bang)-TP
  • Tax Payer : Barracuda Networks India Private Limited

ITAT: Rejects functionally dissimilar companies for Business support segment, remits incorrect margin computation

  • In Favour of Both, Partially
  • Citation Number : TS-564-ITAT-2021(DEL)-TP
  • Tax Payer : Qualcomm India Pvt. Ltd.

ITAT: Treats forex gain as operating; Deletes TP-adjustment on interest on AE receivables

  • In Favour of Assessee
  • Citation Number : TS-559-ITAT-2021(DEL)-TP
  • Tax Payer : Convergys India Services Pvt Ltd

ITAT: Applies turnover filter for excluding 6 comparables, remits TP-adjustment for interest on AE-receivables

  • In Favour of Both, Partially
  • Citation Number : TS-560-ITAT-2021(Bang)-TP
  • Tax Payer : Xchanging Solutions Ltd

ITAT: Deletes TP-adjustment by applying APA-terms for year not covered under APA; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-563-ITAT-2021(Ahd)-TP
  • Tax Payer : Mission Pharma Logistics (India) P Ltd

ITAT: Upholds gross margin as ‘PLI’ under Other Method; Rejects Foreign AE as tested party; Remits ALP determination

  • In Favour of Both, Partially
  • Citation Number : TS-558-ITAT-2021(PUN)-TP
  • Tax Payer : A Raymond Fasteners India Private Limited

ITAT: Denies stay to assessee absent prima-facie case and willingness to pay disputed-demand

  • In Favour of Assessee
  • Citation Number : TS-556-ITAT-2021(CHNY)-TP
  • Tax Payer : HSI Automatives Pvt Ltd

ITAT: Includes e4e Healthcare Business, remits ICRA Online Limited for ITES segment; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-555-ITAT-2021(Bang)-TP
  • Tax Payer : Arctern Consulting (P) Ltd

ITAT: Rules on BSS comparables being akin to market support services; Remits working-capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-557-ITAT-2021(Bang)-TP
  • Tax Payer : Lloyds Offshore Global Services Private Limited

ITAT: Grants 50% ‘discounting’ adjustment for brokerage-services vis-a-vis independent & overseas clients; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-550-ITAT-2021(Mum)-TP
  • Tax Payer : Morgan Stanley India Company Private Limited (Formerly known as J.M. Morgan Stanley Securities Private Limited)

ITAT: Directs re-computation of interest-adjustment on interest free loan advanced to AE; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-552-ITAT-2021(SUR)-TP
  • Tax Payer : Bialkhia Holdings Pvt Ltd

ITAT: Upholding internal CUP, deletes downward TP adjustment of SDT involving deduction u/s 80IA

  • In Favour of Assessee
  • Citation Number : TS-553-ITAT-2021(Kol)-TP
  • Tax Payer : Kesoram Industries Ltd

ITAT: Upholds arithmetic-mean over weighted-average mean for benchmarking purchase SDT; Highlights proviso to Sec 92C(2)

  • In Favour of Assessee
  • Citation Number : TS-551-ITAT-2021(Kol)-TP
  • Tax Payer : Ankit Metal & Power Ltd

ITAT: Rejects ITES comparables basis extraordinary events, applies RPT, turnover filters

  • In Favour of Both, Partially
  • Citation Number : TS-548-ITAT-2021(PUN)-TP
  • Tax Payer : Entercoms Solutions Private Limited

ITAT: Remits ALP-adjudication for purchase of raw-materials on merits, Condemns ignorance of documentary-evidence

  • In Favour of Both, Partially
  • Citation Number : TS-546-ITAT-2021(PUN)-TP
  • Tax Payer : Taiyo Kagaku India Private Limited