Updates ( 9041 results )
ITAT: Applies upper-turnover filter of 200 crores for comparables' selection for small software-developer
- In Favour of Assessee
- Citation Number : TS-337-ITAT-2021(CHNY)-TP
- Tax Payer : Kumaran Systems P. Ltd.
ITAT: Excludes 11 comparables for assessee providing data processing, back office operation; Follows precedents
- In Favour of Assessee
- Citation Number : TS-334-ITAT-2021(Mum)-TP
- Tax Payer : DBOI Global Services Pvt Ltd
ITAT: Includes comparables, rejects Revenue's observation qua persistent losses
- In Favour of Assessee
- Citation Number : TS-336-ITAT-2021(Mum)-TP
- Tax Payer : Morgan Stanley Advantage Services Pvt Ltd
ITAT: Rectifies Tribunal-order; Replaces ‘working capital adjustment’ with ‘capacity adjustment’
- In Favour of None/NA
- Citation Number : TS-333-ITAT-2021(PUN)-TP
- Tax Payer : Hyundai Construction Equipment India Pvt Ltd
ITAT: Deletes TP-adjustment of INR 10 crores on payment of trade-mark fees; Follows earlier orders
- In Favour of Assessee
- Citation Number : TS-332-ITAT-2021(DEL)-TP
- Tax Payer : Goodyear India Ltd
ITAT: Allows extended AE credit period in light of applicability of APA rollback
- In Favour of Assessee
- Citation Number : TS-330-ITAT-2021(Bang)-TP
- Tax Payer : ANZ Support Services India Private Limited
ITAT: Rules on selection of comparables for software-developer, grants working capital adjustment; Follows precedents
- In Favour of Both, Partially
- Citation Number : TS-328-ITAT-2021(Bang)-TP
- Tax Payer : Huawei Technologies India Pvt Ltd
ITAT: Directs ALP determination at 0.5% of corporate-guarantee and LIBOR-rates for interest-free foreign-AE loans
- In Favour of Both, Partially
- Citation Number : TS-327-ITAT-2021(Mum)-TP
- Tax Payer : Rosy Blue (India) Pvt. Ltd
ITAT: Allows working-capital adjustment, considers availability of relevant data; Restricts TP-adjustment to international-transaction
- In Favour of Both, Partially
- Citation Number : TS-326-ITAT-2021(Bang)-TP
- Tax Payer : Inflow Technologies Private Limited
ITAT: Directs deletion of TP-adjustment on ITES, re-characterization of equity investments and reimbursement of software expenses
- In Favour of Both, Partially
- Citation Number : TS-324-ITAT-2021(Mum)-TP
- Tax Payer : Onward Technologies Limited.
ITAT: Directs deletion of TP-adjustment made on account of royalty payment to AE; Follows earlier order
- In Favour of Assessee
- Citation Number : TS-323-ITAT-2021(DEL)-TP
- Tax Payer : Expeditors International (India) Pvt Ltd
ITAT: Applies India-US MAP margin to transactions with non US-based AEs; Rules on comparables
- In Favour of Both, Partially
- Citation Number : TS-322-ITAT-2021(Bang)-TP
- Tax Payer : Dell International Services India Pvt Ltd
ITAT: Rejects TPO’s interest charged on outstanding balances, advances given liquidation of overseas-AE
- In Favour of Assessee
- Citation Number : TS-321-ITAT-2021(Mum)-TP
- Tax Payer : Hilti Manufacturing India Pvt Ltd
ITAT: Holds no TP-adjustment warranted where non-resident assessee remunerates Indian AE at ALP
- In Favour of Assessee
- Citation Number : TS-320-ITAT-2021(Mum)-TP
- Tax Payer : NGC Network Asia LLC
ITAT: Allows exclusion of depreciation to compute cash profit margins for assessee & comparables
- In Favour of Assessee
- Citation Number : TS-315-ITAT-2021(Bang)-TP
- Tax Payer : Bosch Automotive Electronics India Pvt. Ltd
ITAT: Holds neither Sec 92BA nor 40A(2) applicable for 100 percent purchases from domestic related party
- In Favour of Assessee
- Citation Number : TS-316-ITAT-2021(DEL)-TP
- Tax Payer : Mercury Fabric Creations Pvt .Ltd
ITAT: Holds corporate guarantee not an international transaction absence bearing on profits; Deletes TP-adjustment
- In Favour of Assessee
- Citation Number : TS-318-ITAT-2021(Ahd)-TP
- Tax Payer : Kiri Dyes & Chemicals Ltd
ITAT: Grants +/-5% range benefit to delete TP-adjustment; Dismisses Revenue’s-appeal on comparables as infructuous
- In Favour of Assessee
- Citation Number : TS-319-ITAT-2021(Mum)-TP
- Tax Payer : APL Logistics (India) Private Limited
ITAT: Upholds CIT(A)’s order of excluding Infosys BPO, Acropetal and eClerx for ITES provider; Follows precedents
- In Favour of Assessee
- Citation Number : TS-309-ITAT-2021(DEL)-TP
- Tax Payer : Future First Info. Services Pvt. Ltd
ITAT: Remits ALP-determination for intra-group services; Assessee to highlight usefulness of voluminous emails produced
- In Favour of Assessee
- Citation Number : TS-310-ITAT-2021(Bang)-TP
- Tax Payer : Exide Life Insurance Company Ltd