Updates ( 9041 results )

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ITAT: Treats amortization of goodwill and non-compete fee as non-operating, to be excluded for TNMM computation

  • In Favour of Both, Partially
  • Citation Number : TS-370-ITAT-2021(DEL)-TP
  • Tax Payer : DHR Holding India Pvt Ltd

ITAT: Allows mark-up charged on services received; Rejects revenue's contention of better synergies to parent company

  • In Favour of Assessee
  • Citation Number : TS-364-ITAT-2021(DEL)-TP
  • Tax Payer : Humboldt Wedag India Pvt. Ltd

ITAT: Directs TPO to undertake fresh benchmarking for royalty-adjustment on providing opportunity to assessee; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-363-ITAT-2021(DEL)-TP
  • Tax Payer : AT&T Global Network Services (India) Pvt Ltd

ITAT: Holds assessment order null and barred by limitation u/s 153; Dismisses Revenue’s appeal

  • In Favour of Assessee
  • Citation Number : TS-362-ITAT-2021(Kol)-TP
  • Tax Payer : PCM Stresscon Overseas Ventures Ltd

ITAT: Directs TPO to provide opportunity of being heard to assessee; Remits entire TP issue

  • In Favour of Assessee
  • Citation Number : TS-365-ITAT-2021(DEL)-TP
  • Tax Payer : Atrenta (India) Pvt. Ltd.

ITAT: Deletes TP-adjustment on AE interest receivables benchmarked using SBI term deposit rate

  • In Favour of Assessee
  • Citation Number : TS-360-ITAT-2021(HYD)-TP
  • Tax Payer : S&P Capital IQ (India) Private Limited

ITAT: Excludes E-Zest Solutions Limited and Softsol India Limited for software-developer; Follows GXS India ruling

  • In Favour of Assessee
  • Citation Number : TS-361-ITAT-2021(Bang)-TP
  • Tax Payer : Dell International Services India Private Limited

ITAT: Rejects TP-adjustment qua import-duty; Remits capacity-utilization adjustment qua personnel-cost

  • In Favour of Both, Partially
  • Citation Number : TS-357-ITAT-2021(DEL)-TP
  • Tax Payer : Keihin Automotive India Pvt Ltd

ITAT: Holds corporate guarantee as international transaction; Directs ALP adjustment on actual amount utilised

  • In Favour of Both, Partially
  • Citation Number : TS-356-ITAT-2021(HYD)-TP
  • Tax Payer : Rain Industries Ltd

ITAT: Upholds benchmarking FCD interest payment using SIBOR rate; Applies rule of consistency

  • In Favour of Revenue
  • Citation Number : TS-352-ITAT-2021(HYD)-TP
  • Tax Payer : Devgen Seeds & Crop Technology Pvt Ltd

ITAT: Quashes penalty-notice as vague/ambiguous; Absence of overt act of suppression eliminates Explanation 7 invocation

  • In Favour of Assessee
  • Citation Number : TS-353-ITAT-2021(DEL)-TP
  • Tax Payer : CLIX Finance India Pvt Ltd

ITAT: Treats provision written back as operating, grants working-capital adjustment; Restricts TP-adjustment to AE transaction

  • In Favour of Both, Partially
  • Citation Number : TS-349-ITAT-2021(Bang)-TP
  • Tax Payer : Toyota Kirloskar Motors Private Limited

ITAT: Grants conditional stay since case prima-facie in asseesee's favour, Directs payment of 20% outstanding-demand

  • In Favour of Assessee
  • Citation Number : TS-348-ITAT-2021(Bang)-TP
  • Tax Payer : Biesse Manufacturing Co Pvt Ltd

ITAT: Remits ALP determination for purchase of capital goods; Grants opportunity of being heard to assessee

  • In Favour of Both, Partially
  • Citation Number : TS-347-ITAT-2021(DEL)-TP
  • Tax Payer : ALcatel Lucent India Ltd

ITAT: Rejects re-characterization of debentures/CCD as issue of shares; Rules on comparable

  • In Favour of Both, Partially
  • Citation Number : TS-346-ITAT-2021(PUN)-TP
  • Tax Payer : City Corporation Limited

ITAT: Remits capacity-utilization adjustment, directs mandatory compliance with DRP-directions; Restricts TP-adjustment to AE- transactions

  • In Favour of Assessee
  • Citation Number : TS-345-ITAT-2021(PUN)-TP
  • Tax Payer : Francois Compressors India Pvt. Ltd

ITAT: Rejects TPO’s re-characterization of debentures/CCD as issue of shares, remits ALP-computation; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-343-ITAT-2021(PUN)-TP
  • Tax Payer : City Corporation Limited

ITAT: Denies negative working capital adjustment for captive-service-provider; Includes Crystal Voxx as comparable

  • In Favour of Assessee
  • Citation Number : TS-342-ITAT-2021(Bang)-TP
  • Tax Payer : Encora Innovation India Private Limited (Formerly known as Indecomm Global Services (India) Private Limited)

ITAT: Excludes 10 and includes 3 comparables for captive software developer, follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-341-ITAT-2021(DEL)-TP
  • Tax Payer : ALcatel Lucent India Ltd

ITAT: Rules on selection of comparables for IT, ITES and BSS segments; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-339-ITAT-2021(PUN)-TP
  • Tax Payer : Eaton Technologies P. Ltd