Updates ( 9041 results )

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ITAT:Deletes intra-group services TP-adjustment; Holds DRP has no jurisdiction to determine agreement format

  • In Favour of Assessee
  • Citation Number : TS-108-ITAT-2020(Mum)-TP
  • Tax Payer : Megger India Pvt Ltd

ITAT: Rules on comparables remits risk-adjustment for technical engineering service provider

  • In Favour of Assessee
  • Citation Number : TS-107-ITAT-2020(DEL)-TP
  • Tax Payer : Haldor Topsoe India Pvt Ltd

ITAT: Holds interest free AE-loan subject to ALP-determination; Remits issue following Instrumentarium SB-ruling

  • In Favour of Both, Partially
  • Citation Number : TS-106-ITAT-2020(Bang)-TP
  • Tax Payer : Shilpa Medicare Ltd

ITAT: Holds royalty payment 1 of net sales at ALP; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-105-ITAT-2020(Mum)-TP
  • Tax Payer : Mondelez India Foods Pvt Ltd

ITAT:Upholds technical fees ALP at 50 of amount claimed by assessee; Follows precedent

  • In Favour of Revenue
  • Citation Number : TS-104-ITAT-2020(Mum)-TP
  • Tax Payer : Nhava Sheva International Container Terminal Private Ltd

ITAT:Allows withdrawal of appeal considering MAP resolution pertaining to assessee’s ITeS transactions

  • In Favour of Both, Partially
  • Citation Number : TS-103-ITAT-2020(Bang)-TP
  • Tax Payer : 24/7 Customer Pvt Ltd

ITAT:Excludes 4 comparables for engineering services; Deletes ad hoc intra-group services TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-102-ITAT-2020(Mum)-TP
  • Tax Payer : Rolls Royce Marine India Pvt Ltd

ITAT:Adopts internal-TNMM absent external comparables for sale transaction; Deletes TP-adjustment on trade-receivables

  • In Favour of Assessee
  • Citation Number : TS-101-ITAT-2020(VIZ)-TP
  • Tax Payer : Bommidala Enterprises Pvt Ltd

ITAT: Accepts software distributors as comparables for TV channel distributors; Follows Turner International ruling

  • In Favour of Assessee
  • Citation Number : TS-100-ITAT-2020(Mum)-TP
  • Tax Payer : Star Den Media Services Pvt Ltd

ITAT: Rejects characterisation of CCDs as equity, allows pre-conversion interest payments u/s 36(1)(iii)

  • In Favour of Assessee
  • Citation Number : TS-1243-ITAT-2019(Bang)-TP
  • Tax Payer : CAE Flight Training (India) Pvt Ltd

ITAT:Treats FOREX gain/loss, bank charges, doubtful debts as operating; Rules on comparables

  • In Favour of Both, Partially
  • Citation Number : TS-99-ITAT-2020(DEL)-TP
  • Tax Payer : Lockheed Martin India (P) Ltd

ITAT: Accepts foreign-AE as tested party, CPM as MAM for export of software services

  • In Favour of Assessee
  • Citation Number : TS-98-ITAT-2020(Kol)-TP
  • Tax Payer : ITC Infotech India Ltd

ITAT: Remits comparables selection for software development, sales and marketing segments

  • In Favour of Both, Partially
  • Citation Number : TS-97-ITAT-2020(Bang)-TP
  • Tax Payer : Metric Stream Infotech (India) Private Limited

ITAT:Upholds TP-adjustment deletion on AE-exports sans TPO establishing profit shifting to AE

  • In Favour of Assessee
  • Citation Number : TS-96-ITAT-2020(VIZ)-TP
  • Tax Payer : CCL Products (India) Ltd

ITAT: Remits TP-adjustment on intra-group services, Contract R&D services; Follows earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-95-ITAT-2020(Kol)-TP
  • Tax Payer : Akzo Nobel India Limited

ITAT:Deletes AMP-adjustment absent assessee-AE agreement; Follows Maruti, Whirlpool HC-rulings

  • In Favour of Assessee
  • Citation Number : TS-93-ITAT-2020(Bang)-TP
  • Tax Payer : Essilor India Pvt Ltd

ITAT: Adopts CPM for benchmarking raw material purchased from AE without value addition

  • In Favour of Both, Partially
  • Citation Number : TS-92-ITAT-2020(JPR)-TP
  • Tax Payer : Mytex Polymers India Pvt Ltd.

ITAT:Excludes L&T Infotech, Persistent Systems as comparables for software developer; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-91-ITAT-2020(Bang)-TP
  • Tax Payer : Synamedia India Pvt Ltd (formerly known as Cisco Video Technologies India Pvt Ltd)

ITAT:Deletes TP-adjustment on intra-group services considering actual service rendition; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-90-ITAT-2020(DEL)-TP
  • Tax Payer : GBT India Pvt Ltd

ITAT: Excludes 6, remits 4 and includes 1 comparable for software development service provider

  • In Favour of Both, Partially
  • Citation Number : TS-89-ITAT-2020(Bang)-TP
  • Tax Payer : Microsoft Research Lab India Pvt Ltd