Updates ( 9041 results )

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ITAT: Determines ALP of royalty 4 citing India-UK MAP resolution; Remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-438-ITAT-2020(DEL)-TP
  • Tax Payer : JCB India Ltd

ITAT: Rejects negative working-capital adjustment for a captive software developer; Excludes 4 comparables

  • In Favour of Assessee
  • Citation Number : TS-437-ITAT-2020(Bang)-TP
  • Tax Payer : Tavant Technologies India Pvt Ltd

ITAT: Upholds TP-adjustment deletion for management/ technical services; Follows earlier order absent clinching distinction

  • In Favour of Assessee
  • Citation Number : TS-435-ITAT-2020(Kol)-TP
  • Tax Payer : Vesuvius India Ltd

ITAT:Remits TP-adjustments in respect of freight forwarding & management support services; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-434-ITAT-2020(DEL)-TP
  • Tax Payer : Geodis Overseas Pvt Ltd

ITAT: Quashes assessment-order passed on amalgamated entity where notice u/s. 143(2) issued to non-existent amalgamating entity

  • In Favour of Assessee
  • Citation Number : TS-432-ITAT-2020(Mum)-TP
  • Tax Payer : Siemens Limited (Successor in Interest to Siemens Power Engineering Private Limited)

ITAT: Remits LGS Global comparability; Directs TPO to ascertain employee cost filter facts u/s.133(6)

  • In Favour of Both, Partially
  • Citation Number : TS-431-ITAT-2020(Bang)-TP
  • Tax Payer : EF Information Systems Private Limited

ITAT: Upholds exclusion of persistent loss making R Systems International upon treating FOREX gain as non-operating

  • In Favour of Both, Partially
  • Citation Number : TS-429-ITAT-2020(PUN)-TP
  • Tax Payer : Faurecia Interior Systems India Pvt Ltd

ITAT:Rejects global-asset allocation basis for intra-group services; Remits seconded employees’ salary reimbursement TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-428-ITAT-2020(Mum)-TP
  • Tax Payer : Jabil Circuit India Pvt Ltd

ITAT:Deletes TP-adjustment on R&D and management fees absent application of prescribed method u/s 92C

  • In Favour of Assessee
  • Citation Number : TS-427-ITAT-2020(PUN)-TP
  • Tax Payer : East West Seeds India Private Limited

ITAT: Fixes corporate guarantee ALP at 0.5; Remands TP-adjustment on AE-loans, performance guarantee

  • In Favour of Assessee
  • Citation Number : TS-426-ITAT-2020(Mum)-TP
  • Tax Payer : Teleperformence Global Services Private Limited (Earlier Known as “Intel Global Services Private Limited”)

ITAT: Quashes assessment order passed on non-existent amalgamated entity; Follows binding earlier-order

  • In Favour of Assessee
  • Citation Number : TS-425-ITAT-2020(Mum)-TP
  • Tax Payer : Atos India Pvt Ltd (Successor of Atos IT Solutions and Services P. Ltd)

ITAT: Deletes TP-adjustment on AE-receivables, rules on comparables for assessee’s ITeS-segment, follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-424-ITAT-2020(DEL)-TP
  • Tax Payer : American Express (I) P Ltd

ITAT: Allows assessee’s MP; Recalls order to consider inclusion of I2T2 India for ITeS-provider

  • In Favour of Assessee
  • Citation Number : TS-423-ITAT-2020(Bang)-TP
  • Tax Payer : EMC Software and Services India Pvt Ltd

ITAT: Remands Sec 271(1)(c) penalty issue considering TP-adjustment remanded in quantum appeal

  • In Favour of Assessee
  • Citation Number : TS-422-ITAT-2020(PUN)-TP
  • Tax Payer : Mahle Behr India Pvt Ltd

ITAT: Permits Nokia India to withdraw appeal considering resolution of AMP-adjustment under MAP

  • In Favour of Assessee
  • Citation Number : TS-421-ITAT-2020(DEL)-TP
  • Tax Payer : Nokia India Pvt Ltd

ITAT:Rejects negative working-capital adjustment for captive service provider; Rules on comparables

  • In Favour of Both, Partially
  • Citation Number : TS-420-ITAT-2020(Bang)-TP
  • Tax Payer : Aspect Technology Center (India) Private Limited

ITAT: Prefers internal over external TNMM for benchmarking international transactions; Remits issue

  • In Favour of Assessee
  • Citation Number : TS-419-ITAT-2020(Bang)-TP
  • Tax Payer : Brillio Technologies Pvt Ltd (Formerly known as M/s. Collabera Solutions Pvt. Ltd.,)

ITAT:Draft order passed on non-existent amalgamated entity, void-ab-initio; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-418-ITAT-2020(DEL)-TP
  • Tax Payer : BOEING India Pvt Ltd [Successor to Boeing International Corporation India Pvt Ltd]

ITAT: Excludes comparables for ITeS provider; Treats forex gains as operating income

  • In Favour of Assessee
  • Citation Number : TS-417-ITAT-2020(Bang)-TP
  • Tax Payer : Akamai Technologies India Pvt Ltd

ITAT:Upholds inclusion of 3 comparables rejecting Revenue’s persistent loss making plea

  • In Favour of Assessee
  • Citation Number : TS-416-ITAT-2020(Mum)-TP
  • Tax Payer : MOL Maritime (India) Pvt Ltd (Formerly known as Mitsui OSK LinesMaritime (India) Pvt. Ltd.)