Updates ( 9041 results )

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ITAT: Dismisses Revenue’s MA against admission of additional ground and relief granted on ESOP expenditure

  • In Favour of Assessee
  • Citation Number : TS-562-ITAT-2020(Bang)-TP
  • Tax Payer : Microchip Technologies (India) Pvt Ltd

ITAT: Excludes 9 comparables for software developer citing high turnover, functional dissimilarity

  • In Favour of Assessee
  • Citation Number : TS-561-ITAT-2020(Bang)-TP
  • Tax Payer : Mindtree Limited (Previously known as M/s. Aztecsoft Limited now merged with M/s. Mindtree Limited)

ITAT: DRP can’t suo-moto exclude comparables agreed for inclusion by both assessee and TPO

  • In Favour of Assessee
  • Citation Number : TS-560-ITAT-2020(Bang)-TP
  • Tax Payer : LSI India Research & Development India Private Limited

ITAT: Confirms TNMM over assessee’s RPM for imports of raw materials subsequently processed/packaged

  • In Favour of Revenue
  • Citation Number : TS-559-ITAT-2020(DEL)-TP
  • Tax Payer : Roxtec India Pvt Ltd

ITAT: Upholds corporate guarantee as international transaction, restricts ALP to 0.5%; Follows Everest Kento HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-558-ITAT-2020(Mum)-TP
  • Tax Payer : Voltas Limited

ITAT: Deletes AMP-adjustment for Xerox India absent existence of international-transaction; Follows earlier-orders

  • In Favour of Assessee
  • Citation Number : TS-557-ITAT-2020(DEL)-TP
  • Tax Payer : Xerox India Ltd

ITAT: Excludes 5 comparables for software developer citing functional dissimilarity, failure of service revenue filter

  • In Favour of Assessee
  • Citation Number : TS-556-ITAT-2020(Bang)-TP
  • Tax Payer : Blue Yonder India Private Limited (Formerly JDA Software India Private Limited)

ITAT: Allows assessee’s MA; Excludes Sasken Communications absent segmental-information on expenditure

  • In Favour of Assessee
  • Citation Number : TS-555-ITAT-2020(Bang)-TP
  • Tax Payer : Infineon Technologies India Pvt Ltd

ITAT:Confirms Sec.271AA documentation-penalty deletion; Distinguishes Revenue’s Mak Data SC-ruling reliance

  • In Favour of Assessee
  • Citation Number : TS-553-ITAT-2020(DEL)-TP
  • Tax Payer : Micromax Informatics Ltd

ITAT: Partly allows assessee’s MP; Rejects assessee’s characterization as KPO/BPO, retains comparable remand issue

  • In Favour of Assessee
  • Citation Number : TS-552-ITAT-2020(Bang)-TP
  • Tax Payer : G T Nexus Software Pvt Ltd

ITAT:Excludes Govt. undertakings as comparables for marketing & management support-services provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-550-ITAT-2020(DEL)-TP
  • Tax Payer : Intercontinental Hotels Group (India) Pvt Ltd

ITAT: Rules on comparables for software-developer; Restricts TP-adjustment to international-transactions

  • In Favour of Both, Partially
  • Citation Number : TS-549-ITAT-2020(HYD)-TP
  • Tax Payer : DE Shaw India Pvt Ltd (Formerly known as DE Shaw India Software Pvt. Ltd.)

ITAT: Holds deferred trade-receivable as international-transaction, remits TP-adjustment; Rules on comparables

  • In Favour of Both, Partially
  • Citation Number : TS-548-ITAT-2020(Bang)-TP
  • Tax Payer : LSI India Research & Development Pvt Ltd

ITAT:Dismisses assessee’s appeal considering TP-issues resolved under India-USA MAP

  • In Favour of Assessee
  • Citation Number : TS-547-ITAT-2020(Bang)-TP
  • Tax Payer : NTT Data Global Delivery Services Pvt Ltd (In the case of M/s NTT Data India Enterprises Application Services Pvt Ltd., Formerly

ITAT: Reassessment after 4 years sans assessee’s failure to disclose material facts, invalid

  • In Favour of Both, Partially
  • Citation Number : TS-546-ITAT-2020(Bang)-TP
  • Tax Payer : Nike India Private Limited

ITAT: Excludes 6 comparables for software-development service provider; Follows Schneider Electric IT Business India ruling

  • In Favour of Assessee
  • Citation Number : TS-545-ITAT-2020(Bang)-TP
  • Tax Payer : Sonus networks India Pvt Ltd

ITAT: Availment of management-services from AE established; Rejects TPO’s benefit test & Nil ALP-determination

  • In Favour of Assessee
  • Citation Number : TS-544-ITAT-2020(DEL)-TP
  • Tax Payer : Danisco India Pvt Ltd

ITAT:Allows assessee’s MA; Excludes Sasken Communications absent segmental-information on expenditure

  • In Favour of Assessee
  • Citation Number : TS-542-ITAT-2020(Bang)-TP
  • Tax Payer : ACI Worldwide Solutions Pvt Ltd

ITAT: Directs consideration of segmental details for ALP-determination w.r.t Smart Card Distribution segment

  • In Favour of Assessee
  • Citation Number : TS-541-ITAT-2020(DEL)-TP
  • Tax Payer : Giesecke & Devrient [India] Pvt Ltd

ITAT: Adopts LIBOR to benchmark loans advanced to Swiss-AE, deletes TP-adjustment; Follows earlier year order

  • In Favour of Assessee
  • Citation Number : TS-539-ITAT-2020(DEL)-TP
  • Tax Payer : Dharampal Satyapal Ltd