Updates ( 9041 results )
ITAT: Directs AO to compute mean of working-capital-adjustment of comparables retained; Rules on various comparables
- In Favour of Both, Partially
- Citation Number : TS-127-ITAT-2021(Bang)-TP
- Tax Payer : Altisource Business Solutions Private Ltd
ITAT: Quashes TP-order passed beyond 60-day limit u/s 92CA(3A) r.w.s.153(1); Follows Pfizer Healthcare HC-ruling
- In Favour of Assessee
- Citation Number : TS-123-ITAT-2021(DEL)-TP
- Tax Payer : Louis Dreyfus Commodities India Pvt Ltd
ITAT: Sets aside assessment-order passed in non-conformity with DRP directions; Time-barred final assessment-order held ultra-vires
- In Favour of Assessee
- Citation Number : TS-124-ITAT-2021(Bang)-TP
- Tax Payer : Yokogawa India Limited
ITAT: Adjudicates on selection of comparables and remits additional ground of negative working-capital adjustment
- In Favour of Assessee
- Citation Number : TS-125-ITAT-2021(Bang)-TP
- Tax Payer : Replicon Software (India) Pvt. Ltd
ITAT: Directs re-computation of working-capital adjustment in accordance with ALP-margins; Rules on comparables
- In Favour of Assessee
- Citation Number : TS-122-ITAT-2021(DEL)-TP
- Tax Payer : Honda R & D (India) Pvt Ltd
ITAT: Delay in realization of AE-receivables separate international- transaction, imputes interest cost
- In Favour of Both, Partially
- Citation Number : TS-117-ITAT-2021(CHNY)-TP
- Tax Payer : Doosan Power Systems India Pvt Ltd
ITAT: Holds no negative working-capital adjustment for captive service provider; Excludes 2 comparables
- In Favour of Assessee
- Citation Number : TS-118-ITAT-2021(Bang)-TP
- Tax Payer : IDS Software Solutions India Private Ltd.
ITAT: Holds 3% interest charged on foreign currency loan advanced to AE at arm’s length
- In Favour of Assessee
- Citation Number : TS-119-ITAT-2021(Mum)-TP
- Tax Payer : Transasia Bio-Medicals Limited
ITAT: Sets aside CIT(A)’s non-speaking order on Sec.271G-penalty deletion for diamond merchant
- In Favour of Both, Partially
- Citation Number : TS-120-ITAT-2021(Mum)-TP
- Tax Payer : Kapu Gems
ITAT: Excludes comparables for software development and ITES-provider applying turnover filter; Follows Autodesk ruling
- In Favour of Assessee
- Citation Number : TS-115-ITAT-2021(Bang)-TP
- Tax Payer : Ariba Technologies India Pvt Ltd
ITAT: Accepts assessee’s OP/VAE over TPO’s OP/TC as PLI for benchmarking freight-receipts and expenses
- In Favour of Assessee
- Citation Number : TS-114-ITAT-2021(Mum)-TP
- Tax Payer : Agility Logistics Private Limited
ITAT: Remits ALP-determination for certification services segment; Rules on comparables for ITeS-segment
- In Favour of Both, Partially
- Citation Number : TS-113-ITAT-2021(Bang)-TP
- Tax Payer : UL India Pvt Ltd
ITAT: Deletes TP-adjustment on AMP- expenditure in absence of international transaction; Follows earlier orders
- In Favour of Assessee
- Citation Number : TS-107-ITAT-2021(DEL)-TP
- Tax Payer : AMADEUS INDIA PVT LTD
ITAT: Deletes AMP-adjustment, rules on comparables for R&D/testing segment; Follows precedents
- In Favour of Assessee
- Citation Number : TS-108-ITAT-2021(Mum)-TP
- Tax Payer : Colgate Palmolive (India) Limited
ITAT: Restores selection of MAM for benchmarking international-transaction; Deletes TP-adjustment on intra group services
- In Favour of Assessee
- Citation Number : TS-110-ITAT-2021(Mum)-TP
- Tax Payer : Dow Corning India Private Limited
ITAT: Fixes gaurantee-commission ALP at 0.5%; Uses gaurantee-commission charged by banks as benchmark
- In Favour of Assessee
- Citation Number : TS-109-ITAT-2021(Mum)-TP
- Tax Payer : Godrej Sara Lee Ltd
HC: Holds substantial question of law raised on comparables exclusion as vague; Dismisses Revenue appeal
- In Favour of Assessee
- Citation Number : TS-111-HC-2021(KAR)-TP
- Tax Payer : Mphasis Ltd
HC: Disposes Revenue’s appeal; Directs AO to determine issue wrt to market-risk-adjustment afresh in accordance with law
- In Favour of Assessee
- Citation Number : TS-768-HC-2020(KAR)-TP
- Tax Payer : Yodlee Infotech Pvt Ltd
ITAT: Holds TNMM as MAM against CIT(A)’s CUP; Restores matter to AO/TPO for consideration in light of Rule-10B
- In Favour of Assessee
- Citation Number : TS-104-ITAT-2021(Mum)-TP
- Tax Payer : USV Private Limited
ITAT: Excludes 5 comparables for software-developer applying turnover-filter; Follows Autodesk ruling
- In Favour of Assessee
- Citation Number : TS-103-ITAT-2021(Bang)-TP
- Tax Payer : Microchip Technology (India) Pvt. Ltd.