Updates ( 9041 results )
ITAT: Excludes 3 comparables; Deletes notional interest on outstanding AE-receivables for debt-free company
- In Favour of Assessee
- Citation Number : TS-338-ITAT-2020(DEL)-TP
- Tax Payer : Global Logic India Ltd
ITAT: Adopts LIBOR+200bps as interest ALP for AE-loan, 0.5% as corporate guarantee ALP; Follows precedents
- In Favour of Assessee
- Citation Number : TS-336-ITAT-2020(Mum)-TP
- Tax Payer : Piramal Glass Private Limited (Earlier Known as Piramal Glass Ltd)
ITAT:Quashes revisionary jurisdiction against TPO non-reference citing sec.92BA-inapplicability on sales to sister-concern
- In Favour of Assessee
- Citation Number : TS-335-ITAT-2020(Ahd)-TP
- Tax Payer : Ashish Subodhchandra Shah (HUF)
ITAT: Quashes assessment as time-barred; Extended Sec 153 time limit inapplicable sans TPO-reference
- In Favour of Assessee
- Citation Number : TS-334-ITAT-2020(DEL)-TP
- Tax Payer : Stefanini India Pvt Ltd (Formerly known as Codex Software Pvt. Ltd
ITAT: Excludes 2 comparables citing functional dissimilarity, fluctuating profit margins for BPO service-provider
- In Favour of Assessee
- Citation Number : TS-333-ITAT-2020(Mum)-TP
- Tax Payer : Banc Tec TPS India Pvt Ltd
ITAT:Upholds assessee's right to choose between CIT(A), DRP appeal route; Cites Circular 5/2010
- In Favour of Assessee
- Citation Number : TS-332-ITAT-2020(Bang)-TP
- Tax Payer : Mann and Hummel Filter Private Limited
ITAT: Remits TP-adjustment on medical equipments purchase sans evidence; Deletes adjustment on outstanding AE-receivables
- In Favour of Assessee
- Citation Number : TS-331-ITAT-2020(DEL)-TP
- Tax Payer : DHR Holding India Pvt Ltd
ITAT:Rejects re-characterization of entire share application as loan; Holds transaction not sham
- In Favour of Assessee
- Citation Number : TS-330-ITAT-2020(Ahd)-TP
- Tax Payer : Astral Poly Technik Pvt Ltd
ITAT: Determines Corporate Guarantee ALP at 0.5%; Follows earlier-order
- In Favour of Assessee
- Citation Number : TS-328-ITAT-2020(Mum)-TP
- Tax Payer : Piramal Enterprises Limited (Formerly known as Piramal Healthcare Limited)
ITAT:Deletes management fee TP-adjustment; Assessee’s profitability increase establishes benefit of AE’s services
- In Favour of Assessee
- Citation Number : TS-325-ITAT-2020(DEL)-TP
- Tax Payer : Michelin India Pvt Ltd (Formerly known as Michelin India Tyres Pvt.Ltd.)
ITAT: Deletes Casio’s AMP-adjustment absent material to demonstrate international transaction existence; Follows earlier-order
- In Favour of Assessee
- Citation Number : TS-323-ITAT-2020(DEL)-TP
- Tax Payer : Casio India Company Pvt Ltd
ITAT: Rules on comparables for software-developer, excludes Infosys, Persistent, L&T, Thirdware
- In Favour of Both, Partially
- Citation Number : TS-322-ITAT-2020(Bang)-TP
- Tax Payer : Brocade Communications Systems Private Limited
ITAT: Remits TP-adjustment for Exxon’s lubricant import, re-sale and service fee transactions
- In Favour of Assessee
- Citation Number : TS-321-ITAT-2020(DEL)-TP
- Tax Payer : Exxon Mobil Lubricants P Ltd
ITAT:AO can't disturb Sec.80IC deduction when SDT accepted by TPO as at arm's length
- In Favour of Assessee
- Citation Number : TS-320-ITAT-2020(Mum)-TP
- Tax Payer : Mahindra & Mahindra Limited
ITAT: Rules on comparables for Goldman Sachs, excludes Persistent Systems, L&T Infotech, Infosys
- In Favour of Both, Partially
- Citation Number : TS-318-ITAT-2020(Bang)-TP
- Tax Payer : Goldman Sachs Services Pvt Ltd
ITAT: AO’s corporate guarantee TP-adjustment absent TPO-reference invalid, remits issue; Follows SG Asia SC-ruling
- In Favour of Both, Partially
- Citation Number : TS-317-ITAT-2020(DEL)-TP
- Tax Payer : New Delhi Television Ltd
ITAT: Rejects negative working capital adjustment for captive software developer; Follows Adaptech ruling
- In Favour of Assessee
- Citation Number : TS-315-ITAT-2020(Bang)-TP
- Tax Payer : Tivo Tech Private Limited [Formerly Veveo (India) Pvt. Ltd.]
ITAT: Deletes Gillette's AMP-adjustment; Commercial expediency not Revenue's realm, remits royalty TP-adjustment
- In Favour of Both, Partially
- Citation Number : TS-314-ITAT-2020(JPR)-TP
- Tax Payer : Gillette India Ltd
HC: Dismisses Revenue’s appeal against ITAT-order on comparables; Follows Softbrands, Eight Roads Investment rulings
- In Favour of Assessee
- Citation Number : TS-313-HC-2020(BOM)-TP
- Tax Payer : AGM India Advisors Pvt Ltd
ITAT: Rejects Revenue’s miscellaneous petition against ITAT-order restoring TP-issue to DRP instead of AO
- In Favour of Revenue
- Citation Number : TS-312-ITAT-2020(Bang)-TP
- Tax Payer : Wevin Pvt. Ltd