Updates ( 9031 results )

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ITAT: Rules on selection of comparables for software developer; Grants working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-476-ITAT-2021(Bang)-TP
  • Tax Payer : EIT Services India Pvt. Ltd. (formerly known as Hewlett Packard Global Soft Pvt. Ltd.

ITAT: Holds TNMM as MAM for closely linked export and import transaction; Remits capacity utilization adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-473-ITAT-2021(Bang)-TP
  • Tax Payer : Wieland Metals India Private Ltd

ITAT: Rejects re-characterization of assessee’s support services as trading activity; Deletes TP adjustment

  • In Favour of Assessee
  • Citation Number : TS-474-ITAT-2021(DEL)-TP
  • Tax Payer : Ikea Services India Pvt Ltd

ITAT: Upholds re-classification of merchandising trade as finance arrangement, directs re-computation of TP-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-477-ITAT-2021(DEL)-TP
  • Tax Payer : Louis Dreyfus Commodities India Pvt Ltd

ITAT: Grants stay-extension of 3 months; Delay in appeal disposal not attributable to assessee

  • In Favour of Assessee
  • Citation Number : TS-470-ITAT-2021(CHNY)-TP
  • Tax Payer : Hyundai Motor India Ltd

ITAT: Grants conditional stay of 2 months; Assessee to not seek adjournment unless necessary

  • In Favour of Assessee
  • Citation Number : TS-469-ITAT-2021(CHNY)-TP
  • Tax Payer : Hyundai Motor India Limited

ITAT: Draft order u/s 144C mandatory even for remand cases, dismisses Revenue’s appeal; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-466-ITAT-2021-TP
  • Tax Payer : Sumitomo Corporation India Pvt Ltd

ITAT: Holds Headquarter Services and Technical Consultancy Services as IGS, not stewardship-services; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-465-ITAT-2021(PUN)-TP
  • Tax Payer : Nalco Water India Limited

ITAT: Upholds assessee’s aggregation under TNMM for benchmarking AE-payments; TPO to finalize consequential computation

  • In Favour of Both, Partially
  • Citation Number : TS-467-ITAT-2021(HYD)-TP
  • Tax Payer : Zuari Cement Limited

ITAT: Grants stay of six months; Considers assessee’s willingness to pay 20% of disputed tax

  • In Favour of Assessee
  • Citation Number : TS-458-ITAT-2021(CHNY)-TP
  • Tax Payer : Hyundai Motor India Ltd

ITAT: Rejects aggregation of AE and non-AE transactions; Rejects negative working-capital adjustment plea

  • In Favour of Both, Partially
  • Citation Number : TS-460-ITAT-2021(Bang)-TP
  • Tax Payer : Ametek Instruments India Pvt Ltd

ITAT: Rules in Hyundai Motor’s favour; Grants further three months' stay extension

  • In Favour of Assessee
  • Citation Number : TS-462-ITAT-2021(CHNY)-TP
  • Tax Payer : Hyundai Motor India Ltd

ITAT: Grants further stay to Hyundai Motor considering 28% of demand already paid

  • In Favour of Assessee
  • Citation Number : TS-461-ITAT-2021-TP
  • Tax Payer : Hyundai Motor India Engineering Private Limited

ITAT: Allows assesssee’s ground wrt AMP-adjustment; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-455-ITAT-2021(Bang)-TP
  • Tax Payer : Kontoor Brands India Pvt Ltd

ITAT: Deletes TP-adjustment w.r.t royalty, commission and interest on outstanding receivables

  • In Favour of Assessee
  • Citation Number : TS-452-ITAT-2021(DEL)-TP
  • Tax Payer : COIM India Pvt Ltd

ITAT: Excludes 4 comparables for software developer; Directs adoption of correct margin for others

  • In Favour of Assessee
  • Citation Number : TS-456-ITAT-2021(Bang)-TP
  • Tax Payer : OLF (India) Software Pvt Ltd

ITAT: Adjudicates on various TP grounds for Viacom 18 Media; Follows past orders and precedents

  • In Favour of Both, Partially
  • Citation Number : TS-454-ITAT-2021(Mum)-TP
  • Tax Payer : Viacom 18 Media Pvt Ltd (formerly M/s. MTV Network India Pvt. Ltd.)

ITAT: Permits withdrawal of Microsoft India's appeal on TP grounds in view of APA-resolution

  • In Favour of Assessee
  • Citation Number : TS-453-ITAT-2021(DEL)-TP
  • Tax Payer : Microsoft India (R&D) Pvt. Ltd

ITAT: Deletes TP-adjustment on royalty-payments and export of finished-goods to AE; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-450-ITAT-2021(Ahd)-TP
  • Tax Payer : Inductotherm (India) Pvt Ltd

ITAT: Restricts guarantee-commission ALP @ 0.875%; Deletes TP-adjustment on AE interest-receivables

  • In Favour of Both, Partially
  • Citation Number : TS-449-ITAT-2021(HYD)-TP
  • Tax Payer : Synergies Castings Limited