Updates ( 9041 results )
ITAT: Holds assessee’s corporate-guarantee fees of 1% at arm’s length; Vacates TP-adjustment
- In Favour of Assessee
- Citation Number : TS-105-ITAT-2021(Mum)-TP
- Tax Payer : IL & FS Transportation Networks Limited
ITAT: Supporting evidence filed amounts to additional evidence; Remits TP-adjustment on trade-credits, corporate-guarantee fee
- In Favour of Assessee
- Citation Number : TS-100-ITAT-2021(Mum)-TP
- Tax Payer : Peri (India) Private Limited
ITAT: Excludes Infobeans Technologies Ltd as a comparable for routine software developer; Follows precedents
- In Favour of Assessee
- Citation Number : TS-99-ITAT-2021(Mum)-TP
- Tax Payer : SkillNet Solutions India Pvt Ltd
ITAT: Directs separate benchmarking for trading and manufacturing activities; Restricts TP-adjustment to international-transaction
- In Favour of Both, Partially
- Citation Number : TS-101-ITAT-2021(PUN)-TP
- Tax Payer : Stauff India Pvt Ltd
ITAT: Holds Forex gain/loss, doubtful-debts provisions as operating; Remits treatment of amortization of goodwill
- In Favour of Assessee
- Citation Number : TS-1516-ITAT-2018(DEL)-TP
- Tax Payer : St Ericsson India Private Limited
HC: Dismisses Revenue’s appeal challenging Infosys' exclusion as comparable for Software-Development Services provider
- In Favour of Assessee
- Citation Number : TS-767-HC-2020(KAR)-TP
- Tax Payer : Samsung R&D Institute Bangalore Pvt Ltd
ITAT: Remands inclusion of VRS expenses in operating cost base of the comparable
- In Favour of Assessee
- Citation Number : TS-96-ITAT-2021(PUN)-TP
- Tax Payer : Rieter India Private Limited
HC: Stays TP order giving effect to ITAT order deleting AMP adjustment pending SC decision on the issue
- In Favour of None/NA
- Citation Number : TS-97-HC-2021(DEL)-TP
- Tax Payer : Whirlpool of India Ltd
ITAT: Accepts assessee’s internal-TNMM over TPO’s external-TNMM for jeweller’s import transactions; Follows earlier orders
- In Favour of Assessee
- Citation Number : TS-91-ITAT-2021(Mum)-TP
- Tax Payer : SB & T Designs Ltd
ITAT: Restores Revenue’s re-characterization of assessee’s ITES as high-end KPO services
- In Favour of Both, Partially
- Citation Number : TS-92-ITAT-2021(Mum)-TP
- Tax Payer : Pangea3 Legal Database Systems Private Limited
ITAT: Allows working-capital adjustment, relevant data of comparables available; Distinguishes Mobis India ruling
- In Favour of Assessee
- Citation Number : TS-93-ITAT-2021(HYD)-TP
- Tax Payer : Cavium Networks India Pvt Ltd
ITAT: Remits comparability of Alta Moda for ascertaining functions of company exercising power u/s 133(6)
- In Favour of Both, Partially
- Citation Number : TS-94-ITAT-2021(DEL)-TP
- Tax Payer : Hermes India Retails & Distributors Pvt. Ltd
ITAT: Remits ALP-determination under certification services segment for re-considering forex loss/gains, RPT-filter etc.
- In Favour of Both, Partially
- Citation Number : TS-87-ITAT-2021(Bang)-TP
- Tax Payer : UL India Private Ltd
ITAT: TPO jurisdiction is determination of ALP, not commercial expediency or benefit, restores matter
- In Favour of Assessee
- Citation Number : TS-88-ITAT-2021(DEL)-TP
- Tax Payer : Huawei Telecommunications (India) Company Pvt Ltd
ITAT: Rejects TPO’s internal-CUP for export transactions; Remits ALP-determination following earlier-orders
- In Favour of Assessee
- Citation Number : TS-89-ITAT-2021(PUN)-TP
- Tax Payer : Atlas Copco (India) Limited
ITAT: Confirms use of segmental results against entity level for benchmarking management-support services
- In Favour of Both, Partially
- Citation Number : TS-83-ITAT-2021(DEL)-TP
- Tax Payer : Roxtech India Private Limited
ITAT: AMP not an international- transaction sans agreement between assessee and AE ; Deletes TP-adjustment
- In Favour of Assessee
- Citation Number : TS-84-ITAT-2021(PUN)-TP
- Tax Payer : Kimberly Clark Lever Private Limited
ITAT: Deletes TP-adjustment on royalty-payment and AMP-expenses for Mondelez India Foods; Follows earlier-orders
- In Favour of Assessee
- Citation Number : TS-75-ITAT-2021(Mum)-TP
- Tax Payer : Mondelez India Foods Pvt Ltd
ITAT: Restricts TP- adjustment on corporate guarantee, royalty receivable; Deletes TP-adjustment on account of interest
- In Favour of Both, Partially
- Citation Number : TS-82-ITAT-2021(DEL)-TP
- Tax Payer : Dabur India Ltd
ITAT: Deletes 50% profit attribution to subsidiary PE; arms length commission adequate
- In Favour of Assessee
- Citation Number : TS-76-ITAT-2021(DEL)-TP
- Tax Payer : Ricardo UK Limited