Updates ( 9031 results )
ITAT: No revisionary powers against void final assessment order passed sans draft order
- In Favour of Assessee
- Citation Number : TS-422-ITAT-2021(Kol)-TP
- Tax Payer : Mohan Jute Bags Mfg. Co
HC: Dismisses Revenue’s appeals against comparables' exclusion; Finds no substantial question of law
- In Favour of Assessee
- Citation Number : TS-423-HC-2021(DEL)-TP
- Tax Payer : Freescale Semiconductor India Pvt Ltd
ITAT: Quashes Sec.263-order; Mismatch in amount paid to related-persons u/s.40A(2)(b) doesn’t warrant TPO-reference
- In Favour of Assessee
- Citation Number : TS-421-ITAT-2021(Bang)-TP
- Tax Payer : Origami Cellulo Pvt Ltd
ITAT: Treats forex gain as operating in nature; Excludes 6 comparables for ITeS-provider
- In Favour of Assessee
- Citation Number : TS-420-ITAT-2021(Mum)-TP
- Tax Payer : Tech Mahindra Business Services Limited
ITAT: Remits capacity underutilization adjustment, treats forex loss as operating; Follows precedents
- In Favour of Both, Partially
- Citation Number : TS-416-ITAT-2021(Bang)-TP
- Tax Payer : Flint Group India Pvt Ltd
ITAT: Permits Fidelity Business Services to withdrawal appeal given resolution under MAP
- In Favour of Assessee
- Citation Number : TS-417-ITAT-2021(Bang)-TP
- Tax Payer : Fidelity Business Services India Pvt Ltd
HC: Dismisses Revenue’s appeal against ITAT order on comparables; Cites low-tax effect
- In Favour of Assessee
- Citation Number : TS-418-HC-2021(MAD)-TP
- Tax Payer : C H Robinson Worldwide Freight India Pvt Ltd
ITAT: Excludes Infosys BPO, Cross Domain Solutions for ITeS-provider; Remits working capital plea
- In Favour of Assessee
- Citation Number : TS-419-ITAT-2021(Bang)-TP
- Tax Payer : Global e-Business Operations Pvt Ltd
ITAT: Remits capacity under-utilization adjustment, highlights TPO's power for collation of comparables' information u/s 133(6)
- In Favour of Both, Partially
- Citation Number : TS-414-ITAT-2021(Bang)-TP
- Tax Payer : Pact Closure Systems (India) Private Limited
ITAT: Directs examination of nature of assistance - letter of comfort or corporate guarantee; Remits TP-adjustment
- In Favour of Both, Partially
- Citation Number : TS-413-ITAT-2021(DEL)-TP
- Tax Payer : DLF Ltd
ITAT: Deletes TP-adjustment in respect of SDT w.r.t purchase/ sale transaction
- In Favour of Assessee
- Citation Number : TS-415-ITAT-2021(Mum)-TP
- Tax Payer : Jayant Agro Organics Limited
ITAT: Quashes Sec. 263 order; Assessment sans TPO reference not erroneous/ prejudicial to Revenue
- In Favour of Assessee
- Citation Number : TS-410-ITAT-2021(JODH)-TP
- Tax Payer : Ravindra Heraeus Pvt. Ltd.
ITAT: Dismisses assessee's MA seeking rectification of Tribunal order on corporate guarantee
- In Favour of Revenue
- Citation Number : TS-411-ITAT-2021(Mum)-TP
- Tax Payer : Piramal Enterprises Ltd
ITAT: Dismisses Revenue’s cross appeal, deletes TP adjustment on intra-group services
- In Favour of Both, Partially
- Citation Number : TS-412-ITAT-2021(DEL)-TP
- Tax Payer : AT Kearney Ltd
ITAT: Quashes three Sec 263 revisionary orders given assessment order not ‘prejudicial to Revenue’
- In Favour of Assessee
- Citation Number : TS-405-ITAT-2021(JODH)-TP
- Tax Payer : Wolkem India Limited
ITAT: Deletes royalty ALP adjustment; Disregards TPO’s “benefit-test” application
- In Favour of Assessee
- Citation Number : TS-409-ITAT-2021(HYD)-TP
- Tax Payer : Niehoff of India Pvt Ltd
ITAT: Quashes three Sec 263 revisionary orders given assessment order not ‘prejudicial to Revenue’
- In Favour of Assessee
- Citation Number : TS-407-ITAT-2021(JODH)-TP
- Tax Payer : PI Industries Limited
ITAT: Quashes three Sec 263 revisionary orders given assessment order not ‘prejudicial to Revenue’
- In Favour of Assessee
- Citation Number : TS-406-ITAT-2021(JODH)-TP
- Tax Payer : Secure Meters Limited
ITAT: Deletes penalty u/s 271AA; Retrospective applicability a ‘sufficient cause’ for non-reporting
- In Favour of Assessee
- Citation Number : TS-408-ITAT-2021(HYD)-TP
- Tax Payer : C3i Support Services Private Limited
ITAT: Permits assessee’s appeal withdrawal given resolution of TP issues under Unilateral APA
- In Favour of Assessee
- Citation Number : TS-404-ITAT-2021(PUN)-TP
- Tax Payer : Medline Industries India Private Limited