Updates ( 9031 results )

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ITAT: Quashes reassessment-order passed sans draft-order u/s 144C, No reason to believe for income-escapement accorded by AO

  • In Favour of Assessee
  • Citation Number : TS-545-ITAT-2021(PUN)-TP
  • Tax Payer : Fiat India Automobiles Limited

ITAT: Highlights minority, immateriality of delayed AE-receivables; Philanthropic AE-sale immaterial for assessee's margins

  • In Favour of Assessee
  • Citation Number : TS-543-ITAT-2021(CHANDI)-TP
  • Tax Payer : Glaxo Smithkline Asia Pvt. Ltd

ITAT: Adopts corporate-guarantee fee ALP at 0.5%; Remits issue for ascertaining expenditure incurred by assessee

  • In Favour of Assessee
  • Citation Number : TS-544-ITAT-2021(PUN)-TP
  • Tax Payer : Bilcare Limited

ITAT: Excludes Killick Agency and Marketing Ltd as comparable for Nokia Sales citing functional dissimilarity

  • In Favour of Assessee
  • Citation Number : TS-547-ITAT-2021(DEL)-TP
  • Tax Payer : Nokia India Sales Pvt. Ltd

ITAT: Applies MAP-approved margin on transactions with UK AEs to non-UK jurisdictions

  • In Favour of Assessee
  • Citation Number : TS-537-ITAT-2021(Bang)-TP
  • Tax Payer : Tesco Bengaluru Pvt Ltd

ITAT: Highlights inconsistency in accounting practice for excluding comparables in ITES segment; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-538-ITAT-2021(HYD)-TP
  • Tax Payer : TNS India Pvt Ltd

ITAT: Restricts TP-adjustment to AE transactions; Deletes ALP-adjustment pertaining to interest receivables

  • In Favour of Assessee
  • Citation Number : TS-540-ITAT-2021(HYD)-TP
  • Tax Payer : Value Momentum Software Services P Ltd

ITAT: Quashes CIT's revisionary-jurisdiction given adequate inquiry by AO, order not erroneous or prejudicial to Revenue

  • In Favour of Assessee
  • Citation Number : TS-539-ITAT-2021(Mum)-TP
  • Tax Payer : Reliance Life Sciences Pvt Ltd

ITAT: Directs benchmarking of royalty on standalone-basis; Accepts receipt of intra-group services basis documentary-evidence

  • In Favour of Both, Partially
  • Citation Number : TS-541-ITAT-2021(PUN)-TP
  • Tax Payer : Johnson Matthey Chemicals India Private Limited

ITAT: Grants further stay-extension to Dell International Services India; Assessee not to seek adjournment

  • In Favour of Assessee
  • Citation Number : TS-535-ITAT-2021(Bang)-TP
  • Tax Payer : Dell International Services India Pvt Ltd

ITAT: Deletes TP-adjustment on royalty, information system services, exports, ECB etc; Follows earlier-orders

  • In Favour of Assessee
  • Citation Number : TS-536-ITAT-2021(Mum)-TP
  • Tax Payer : Firemenich Aromatics (India) Pvt Ltd

ITAT: Deletes guarantee-commission on loan advanced by assessee himself; Deletes interest on outstanding AE-receivables

  • In Favour of Assessee
  • Citation Number : TS-534-ITAT-2021(Mum)-TP
  • Tax Payer : Oracle Financial Services Software Ltd

ITAT: Excludes 3 comparables applying upper turnover-filter of Rs 200 crores for captive software-developer

  • In Favour of Assessee
  • Citation Number : TS-533-ITAT-2021(Bang)-TP
  • Tax Payer : Galax E Solutions India Pvt Ltd

ITAT: Denies mark-up on transaction costs; Upholds mark-up for credit rating of AE qua loan-transaction

  • In Favour of Both, Partially
  • Citation Number : TS-531-ITAT-2021(DEL)-TP
  • Tax Payer : Shyam Telecom Ltd

ITAT: Quashes assessment order passed beyond one month from receiving DRP directions

  • In Favour of Assessee
  • Citation Number : TS-1131-ITAT-2016(DEL)-TP
  • Tax Payer : Fresenius Kabi Oncology Ltd (earlier known as M/s Dabur Pharma Ltd.)

ITAT: Remits TP-adjustment on intra group services; Rejects TPO’s NIL ALP determination

  • In Favour of Both, Partially
  • Citation Number : TS-526-ITAT-2021(Bang)-TP
  • Tax Payer : Lifestyle International (P) Limited

ITAT: Rejects Eclerx and TCS E-Serve for ITeS captive-service provider; Deletes outstanding AE-receivables TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-527-ITAT-2021(DEL)-TP
  • Tax Payer : CPA Global Support Services India Private Limited

ITAT: Stays demand, subject to refund adjustment of 20%, considering favourable precedents

  • In Favour of Assessee
  • Citation Number : TS-1265-ITAT-2020(CHNY)-TP
  • Tax Payer : Virtusa Consulting Services Private Limited

ITAT: Grants stay basis prima-facie case, subject to payment/ refund adjustment for 20% of demand

  • In Favour of Assessee
  • Citation Number : TS-525-ITAT-2021(HYD)-TP
  • Tax Payer : Infor (India) Private Limited

ITAT: Upholds ALP of interest-free AE-loan at LIBOR+300bps, quotes earlier-order; Acknowledges suo-motu adjustment

  • In Favour of Assessee
  • Citation Number : TS-519-ITAT-2021(Mum)-TP
  • Tax Payer : Air Works India (Engineering) Pvt Ltd