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ITAT: Rules on comparables for Huawei Technologies India; Remits working capital plea

  • In Favour of Both, Partially
  • Citation Number : TS-306-ITAT-2021(Bang)-TP
  • Tax Payer : Huawei Technologies India Pvt Ltd

ITAT: Deletes TP-adjustment on fees charged to AE, holds TNMM more appropriate than CUP

  • In Favour of Assessee
  • Citation Number : TS-305-ITAT-2021(Mum)-TP
  • Tax Payer : Hapag Lloyd India Private Limited

ITAT: Directs separate benchmarking of IT & ITES segments; Upholds ‘head count’ principle for allocation of common expenses

  • In Favour of Assessee
  • Citation Number : TS-300-ITAT-2021(DEL)-TP
  • Tax Payer : Orange Business Services India Solutions Pvt Ltd

ITAT: Deletes TP-adjustment on AMP expenditure for Kellogg India; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-302-ITAT-2021(Mum)-TP
  • Tax Payer : Kellogg India Private Limited

ITAT: Excludes 4 comparables citing high brand-value, functional-dissimilarity etc for software-development service provider

  • In Favour of Assessee
  • Citation Number : TS-304-ITAT-2021(Bang)-TP
  • Tax Payer : SAP LABS India Pvt. Ltd

ITAT: Grants deduction towards FOREX loss; Deletes TP-addition made w.r.t marketing service fees

  • In Favour of Assessee
  • Citation Number : TS-298-ITAT-2021(Mum)-TP
  • Tax Payer : Sabre Travel Technologies Pvt Ltd

ITAT: Deletes TP adjustment on account of interest on outstanding receivables

  • In Favour of Assessee
  • Citation Number : TS-297-ITAT-2021(HYD)-TP
  • Tax Payer : IVY Comptech Pvt. Ltd.

ITAT: Allows assessee’s appeal; Deletes Sec.271BA penalty for failure to report "retrospective" international transactions

  • In Favour of Assessee
  • Citation Number : TS-294-ITAT-2021(HYD)-TP
  • Tax Payer : Batronics India Limited

ITAT: Quashes Sec.263-order; TPO reference for SDT not required post omission of Sec-92BA(i)

  • In Favour of Assessee
  • Citation Number : TS-295-ITAT-2021(Ahd)-TP
  • Tax Payer : Shri Ashish Subodchandra Shah

ITAT: Remits ALP determination qua payment for advisory services; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-289-ITAT-2021(PUN)-TP
  • Tax Payer : Emerson Climate Technologies (India) Private Limited

ITAT: Remits TP-adjustments w.r.t royalty-payments, management fee; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-290-ITAT-2021(PUN)-TP
  • Tax Payer : Carraro India Private Limited

ITAT: Remits TP-adjustment on advances to examine whether investment made for equity-purpose; Partly allows assessee's-MA

  • In Favour of Both, Partially
  • Citation Number : TS-288-ITAT-2021(HYD)-TP
  • Tax Payer : GSS Infotech Ltd

ITAT: Grants conditional stay of three months; directs assessee to not seek adjournment unless necessary

  • In Favour of Revenue
  • Citation Number : TS-287-ITAT-2021(CHNY)-TP
  • Tax Payer : Sanmina SCI India Pvt Ltd

ITAT: Deletes TP-adjustment on notional interest on receivables for debt free company

  • In Favour of Assessee
  • Citation Number : TS-286-ITAT-2021(DEL)-TP
  • Tax Payer : Avaya India Pvt Ltd

ITAT: Excludes functionally dissimilar Infosys BPO, TCS E-serve; Includes Crystal Voxx as comparables for ITES

  • In Favour of Both, Partially
  • Citation Number : TS-285-ITAT-2021(Bang)-TP
  • Tax Payer : Ocwen Financial Solutions Pvt Ltd

ITAT: Cannot reopen assessment for MAM-substitution to satisfy assessee’s needs; Confirms CUP as MAM

  • In Favour of Revenue
  • Citation Number : TS-1145-ITAT-2017(CHNY)-TP
  • Tax Payer : POS Hyundai Steel Manufacturing Pvt Ltd

HC: Precludes assessee from challenging AO's Sec-154 jurisdiction-issue which wasn't contested before lower-authorities

  • In Favour of Revenue
  • Citation Number : TS-284-HC-2021(MAD)-TP
  • Tax Payer : POS Hyundai Steel Manufacturing Pvt Ltd

ITAT: Excludes 2, includes 2 comparables for software-development services provider; Follows NXP India ruling

  • In Favour of Assessee
  • Citation Number : TS-283-ITAT-2021(Bang)-TP
  • Tax Payer : ARM Embedded Technologies Pvt Ltd

HC: Questioning whether assessee incurred expenditure, beyond TPO’s jurisdiction; Rejects Nil-ALP w.r.t royalty-payments

  • In Favour of Assessee
  • Citation Number : TS-281-HC-2021(KAR)-TP
  • Tax Payer : Luwa India Pvt. Ltd.

ITAT: Holds corporate guarantee as international-transaction; Determines commission at 0.9%

  • In Favour of Both, Partially
  • Citation Number : TS-280-ITAT-2021(HYD)-TP
  • Tax Payer : GOCL Corporation Limited