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HC:Dismisses Revenue’s appeal; Upholds ITAT’s comparables selection in software development, sales-support segments

  • In Favour of Assessee
  • Citation Number : TS-261-HC-2020(P & H)-TP
  • Tax Payer : Comverse Network Systems India Pvt Ltd

HC: Admits Revenue’s appeal w.r.t MAM-selection for royalty, TP-adjustment restriction to international transactions

  • In Favour of Revenue
  • Citation Number : TS-260-HC-2020(GUJ)-TP
  • Tax Payer : FAG Bearings India Ltd

HC: Admits Revenue’s appeal against ITAT-order deleting corporate guarantee and AE-loan TP-adjustments

  • In Favour of Assessee
  • Citation Number : TS-258-HC-2020(GUJ)-TP
  • Tax Payer : Torrent Pharmaceuticals Ltd

ITAT: Assessee to demonstrate impact of merger, if falls in earlier-AY; Remits ICRA comparability

  • In Favour of Assessee
  • Citation Number : TS-257-ITAT-2020(Bang)-TP
  • Tax Payer : Mirco Focus Software India Private Limited [formerly known as Novell Software Development (India) Private Limited]

ITAT: Excludes comparables providing high-end engineering designing services, KPOs for ITeS-provider

  • In Favour of Assessee
  • Citation Number : TS-256-ITAT-2020(Bang)-TP
  • Tax Payer : ISG Novasoft Technologies Ltd

ITAT:Insists on uniform practice for operating cost computation; Remits margin computation of IDC

  • In Favour of Assessee
  • Citation Number : TS-255-ITAT-2020(Bang)-TP
  • Tax Payer : Citrix Systems India Private Limited

ITAT: Excludes 14 comparables for back-end software service provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-254-ITAT-2020(DEL)-TP
  • Tax Payer : Infogain India Pvt Ltd

ITAT: Excludes 11, remits 1 in software development segment; Follows Meritor LVS ruling

  • In Favour of Assessee
  • Citation Number : TS-253-ITAT-2020(Bang)-TP
  • Tax Payer : Tektronix (India) Pvt Ltd (formerly known as Tektronix Engineering Development (India) Pvt. Ltd.,)

ITAT: Rules on comparables for software development, ITeS provider characterised as low-risk contract-service provider

  • In Favour of Both, Partially
  • Citation Number : TS-252-ITAT-2020(Bang)-TP
  • Tax Payer : Netapp India Pvt Ltd (formerly Network Appliance Systems (India) Pvt. Ltd.,)

ITAT: Remits comparability of Sasken Communication; Directs TPO to re-compute margin

  • In Favour of Assessee
  • Citation Number : TS-251-ITAT-2020(Bang)-TP
  • Tax Payer : Hewlett-Packard (India) Software Operation Pvt Ltd

ITAT: Remits MAP-agreed margin applicability to transactions with non-MAP entities; Follows Oracle Solutions

  • In Favour of Assessee
  • Citation Number : TS-250-ITAT-2020(Bang)-TP
  • Tax Payer : Textron India Pvt Ltd

ITAT: Excludes comparables for captive software developer; Cites high turnover, segmental details unavailability

  • In Favour of Assessee
  • Citation Number : TS-249-ITAT-2020(Bang)-TP
  • Tax Payer : LSI India Research & Development Pvt Ltd (erstwhile Broadcom Communications Technologies Pvt Ltd)

ITAT: Excludes comparable for freight forwarding service provider, citing functional dissimilarity

  • In Favour of Assessee
  • Citation Number : TS-248-ITAT-2020(Kol)-TP
  • Tax Payer : TKM Global Logistics Ltd

ITAT: Rectifies Tribunal’s mistakes w.r.t observations on MAM-selection in Cisco Systems case

  • In Favour of Assessee
  • Citation Number : TS-247-ITAT-2020(Bang)-TP
  • Tax Payer : CISCO Systems Capital (India) Pvt Ltd

ITAT: Deletes TP-adjustment on corporate guarantee, interest free AE-advances; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-246-ITAT-2020(Kol)-TP
  • Tax Payer : Paharpur Cooling Towers Ltd

ITAT: 0 RPT-filter an ‘impossible situation’, holds 15 ‘reasonable; Rules on comparables-selection

  • In Favour of Both, Partially
  • Citation Number : TS-245-ITAT-2020(Bang)-TP
  • Tax Payer : FIS Solutions (India) Pvt Ltd [formerly known as Sungard Solutions(India) Pvt. Ltd.]

ITAT: Remits 4 comparables for software-developer; Follows Telsima over Commscope, Applied Materials rulings

  • In Favour of Both, Partially
  • Citation Number : TS-244-ITAT-2020(Bang)-TP
  • Tax Payer : Mobily Infotech India Pvt Ltd

ITAT: Rules on corporate guarantee, AE-loan TP-adjustment; Rejects re-characterization of share application money

  • In Favour of Assessee
  • Citation Number : TS-243-ITAT-2020(Mum)-TP
  • Tax Payer : Wockhardt Ltd

ITAT: Rejects aggregated benchmarking of payments for Royalty providing separate identifiable deliverables

  • In Favour of Assessee
  • Citation Number : TS-242-ITAT-2020(Kol)-TP
  • Tax Payer : Vesuvius India Ltd

ITAT: Excludes comparables for software-developer citing high turnover, brand value, intangibles ownership etc.

  • In Favour of Assessee
  • Citation Number : TS-241-ITAT-2020(Bang)-TP
  • Tax Payer : Fidelity Business Services India Pvt Ltd