Updates ( 9041 results )
ITAT: Protective TP-adjustment basis BLT unsustainable for AMP expenses; Upholds RPM as MAM for import-transaction
- In Favour of Assessee
- Citation Number : TS-193-ITAT-2021(DEL)-TP
- Tax Payer : Luxottica India Eyewear Pvt Ltd
ITAT: Upholds TP-adjustment on interest on delayed AE-receivables, adopts 12% interest rate
- In Favour of Revenue
- Citation Number : TS-194-ITAT-2021(HYD)-TP
- Tax Payer : HBL Power Systems Limited
ITAT: Allows assessee's Miscellaneous Application w.r.t comparables-selection; Rectifies Tribunal’s order
- In Favour of Assessee
- Citation Number : TS-191-ITAT-2021(HYD)-TP
- Tax Payer : ADP P Ltd
ITAT: Rejects Revenue’s plea; Finds comparability-adjustment made before TPO first, not CIT(A)
- In Favour of Assessee
- Citation Number : TS-192-ITAT-2021(DEL)-TP
- Tax Payer : Flextronics Software Systems Ltd
HC: Dismisses Revenue’s appeal against ITAT’s grant of 5% benefit by following earlier HC order
- In Favour of Assessee
- Citation Number : TS-188-HC-2021(KAR)-TP
- Tax Payer : UAE Exchange & Financial Services Limited
ITAT: Excludes Infosys BPO, a giant company in software-development area; Remits working-capital adjustment
- In Favour of Both, Partially
- Citation Number : TS-189-ITAT-2021(DEL)-TP
- Tax Payer : Dunnhumby IT Services India Pvt Ltd
ITAT: Deletes TP-adjustment on SDT covered under erstwhile Sec 92BA(i); Remits for examination u/s 40A(2)
- In Favour of Assessee
- Citation Number : TS-186-ITAT-2021(Bang)-TP
- Tax Payer : Sobha City
ITAT: Deletes AO's Sec.40A(2) disallowance given ALP of international transaction accepted by TPO
- In Favour of Assessee
- Citation Number : TS-185-ITAT-2021(Bang)-TP
- Tax Payer : Lifestyle International (P) Limited
ITAT: Includes 2 comparables for software-developer; Rejects negative working-capital adjustment for captive-service provider
- In Favour of Assessee
- Citation Number : TS-184-ITAT-2021(Bang)-TP
- Tax Payer : Infineon Technologies India Pvt Ltd
ITAT: Determines ALP of corporate guarantee fee at 0.50%; Follows Manipal Global Education ruling
- In Favour of Assessee
- Citation Number : TS-181-ITAT-2021(Bang)-TP
- Tax Payer : Medreich Limited
ITAT: Remits incorrect margin-computation; Directs AO to dispose rectification application pending since 2014
- In Favour of Both, Partially
- Citation Number : TS-182-ITAT-2021(Bang)-TP
- Tax Payer : Invitrogen Bioservices India Pvt Ltd
ITAT: Confirms DRP’s forex treatment as operating, grants 1% risk-adjustment ; Follows precedents
- In Favour of Assessee
- Citation Number : TS-180-ITAT-2021(Bang)-TP
- Tax Payer : NTT Data Global Delivery Services Pvt Ltd (Formerly Keane India Limited)
ITAT: Rules on selection of comparables, grants risk adjustment; Remits margin-computation dispute
- In Favour of Both, Partially
- Citation Number : TS-183-ITAT-2021(Bang)-TP
- Tax Payer : CISCO Systems (India) Pvt. Ltd.
ITAT: Holds corporate-guarantee as international transaction; Fixes arms' length guarantee-fee at 0.50%
- In Favour of Both, Partially
- Citation Number : TS-179-ITAT-2021(CHNY)-TP
- Tax Payer : Aban Offshore Ltd
ITAT: Remits ALP determination for intragroup-services; Assessee to prove substantiation of service rendition
- In Favour of Assessee
- Citation Number : TS-178-ITAT-2021(CHNY)-TP
- Tax Payer : Control Techniques India Pvt Ltd
ITAT: Deletes TP-adjustment on import of components from AE; Follows earlier orders
- In Favour of Assessee
- Citation Number : TS-176-ITAT-2021(DEL)-TP
- Tax Payer : Hero MotoCorp Ltd
ITAT: Dismisses Revenue’s appeal on TP issues citing low-tax effect; Refers to new CBDT Circular 17/2019
- In Favour of Assessee
- Citation Number : TS-177-ITAT-2021(DEL)-TP
- Tax Payer : Accretive Health Services Private Limited
ITAT: Remits characterisation of resident-AE recoveries as deemed international transaction; Deletes interest on foreign-AE receivables
- In Favour of Assessee
- Citation Number : TS-172-ITAT-2021(HYD)-TP
- Tax Payer : M/s ADP Private Ltd
HC: Assessee’s response to show-cause notice within given time, holds assessment-order perverse
- In Favour of Assessee
- Citation Number : TS-170-HC-2021(KER)-TP
- Tax Payer : MANICKAN RAVICHANDRAN
ITAT: Dismisses Revenue’s appeal given revised ROI filed applying APA roll back provisions
- In Favour of Assessee
- Citation Number : TS-173-ITAT-2021(DEL)-TP
- Tax Payer : Knowledge Infrastructure Systems Pvt. Ltd