Updates ( 9041 results )
ITAT: Rules on comparables; Rejects DRP’s suo-moto filter application after conclusion of TP-analysis by TPO
- In Favour of Both, Partially
- Citation Number : TS-586-ITAT-2020(Bang)-TP
- Tax Payer : LSI India Research & Development Pvt Ltd (earlier known as M/s Broadcom Communications Tech Pvt. Ltd.,)
ITAT: Excludes/Includes comparables for ITeS/BPO services provider; Treats FOREX gain/loss as operating
- In Favour of Both, Partially
- Citation Number : TS-585-ITAT-2020(DEL)-TP
- Tax Payer : Smart Analyst India Pvt Ltd
ITAT: Rejects TPO’s characterisation of Medical BPO service provider as KPO; Rejects 5 comparables
- In Favour of Both, Partially
- Citation Number : TS-583-ITAT-2020(Kol)-TP
- Tax Payer : Acclaris Business Solutions (P) Ltd
ITAT: Rejects TPO’s CUP application by adopting local non-AE sales to benchmark exports to AE
- In Favour of Assessee
- Citation Number : TS-582-ITAT-2020(Mum)-TP
- Tax Payer : Dow Chemical International Pvt Ltd (Prior to amalgamation known as Dow Coming India Pvt Ltd)
ITAT: Allows assesse’s MP; Remands for verification of FAR during APA years and subject years
- In Favour of Assessee
- Citation Number : TS-581-ITAT-2020(Bang)-TP
- Tax Payer : Festo India Pvt Ltd
ITAT: Rejects TPO’s arbitrary selection of comparable without search process amounting to “cherry picking”
- In Favour of Assessee
- Citation Number : TS-580-ITAT-2020(Mum)-TP
- Tax Payer : Federal Mogul Anand Bearing India Ltd (Formerly Known as Federal Mogul Bearings India Ltd)
ITAT: Sets aside CIT(A)-order; Directs AO/TPO to pass speaking-order on comparables, risk-adjustment issues
- In Favour of Assessee
- Citation Number : TS-579-ITAT-2020(Bang)-TP
- Tax Payer : Dell International Services India Pvt Ltd (for the merged entity Force10 Networks India Pvt Ltd)
ITAT:Bacardi, a manufacturer not distributor, deletes AMP-adjustment citing no benefit to AE
- In Favour of Assessee
- Citation Number : TS-578-ITAT-2020(DEL)-TP
- Tax Payer : Bacardi India Pvt Ltd
ITAT: Excludes 3 comparables for manufacturer of hydraulic drive pumps; Treats forex gain/loss as non-operating
- In Favour of Assessee
- Citation Number : TS-577-ITAT-2020(DEL)-TP
- Tax Payer : Bucher Hydraulics Pvt Ltd
ITAT: Deletes Goodyear’s 'Regional Service Charges' TP-adjustment; Applies CPM & holds mark-up within tolerance-range
- In Favour of Both, Partially
- Citation Number : TS-576-ITAT-2020(PUN)-TP
- Tax Payer : Goodyear South Asia Tyres Private Limited
ITAT: Allows capactity utilisation adjustment during first year of operation to call-centre services provider
- In Favour of Assessee
- Citation Number : TS-575-ITAT-2020(DEL)-TP
- Tax Payer : Colwell & Salmon Communications [I] Ltd
ITAT:Remits for fresh assessment of international transaction under licensed manufacturing segment
- In Favour of Both, Partially
- Citation Number : TS-574-ITAT-2020(Bang)-TP
- Tax Payer : Ansaldo STS Transportation Systems Pvt Ltd
ITAT: PE determination irrelevant for transactions at ALP between ESPN Group Cos
- In Favour of Assessee
- Citation Number : TS-573-ITAT-2020(DEL)-TP
- Tax Payer : ESPN Star Sports Mauritius S.N.C et Compagnie (now known as ESS Advertising (Mauritius) S.N.C. et Compagnie)
ITAT: Excludes 10 comparables for software-development service provider; Treats FOREX gain/loss as operating
- In Favour of Both, Partially
- Citation Number : TS-572-ITAT-2020(Bang)-TP
- Tax Payer : Galax E Solutions India Pvt Ltd
ITAT: Rejects channel-distribution fees recharacterization as Royalty; Includes 4 software distributors as comparables
- In Favour of Assessee
- Citation Number : TS-571-ITAT-2020(Mum)-TP
- Tax Payer : MSM Discovery Private Ltd
ITAT:Quashes re-assessment initiated on PE-existence premise considering arm’s length principles satisfied
- In Favour of Assessee
- Citation Number : TS-570-ITAT-2020(DEL)-TP
- Tax Payer : PT.LP Display Indonesia
ITAT: Companies cannot be excluded citing different-FY endings, remits comparables; Deletes TP adjustment on outstanding-receivables
- In Favour of Assessee
- Citation Number : TS-569-ITAT-2020(DEL)-TP
- Tax Payer : American Express Services India Private Limited (Earlier known as American Express Services India Limited
ITAT: Allows TP-adjustment on account of high import-cost; Remits 19 comparables for trading-segment
- In Favour of Both, Partially
- Citation Number : TS-568-ITAT-2020(DEL)-TP
- Tax Payer : GE India Industrial Pvt Ltd
ITAT:Remits TP-adjustment on AE-receivables issue to DRP absent enhancement notice to assessee
- In Favour of Assessee
- Citation Number : TS-565-ITAT-2020(DEL)-TP
- Tax Payer : Consulting Engineering Services (India) Pvt Ltd
ITAT: Excludes persistent loss making and abnormal profit making companies for software developer
- In Favour of Assessee
- Citation Number : TS-564-ITAT-2020(HYD)-TP
- Tax Payer : Infor (India) Pvt Ltd