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ITAT: Rules on comparables in software development, ITES segments; Remits working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-88-ITAT-2020(Bang)-TP
  • Tax Payer : Citrix R&D India Private Ltd

ITAT: Applies MAP mark-up with Australian-AEs representing 90.53% of turnover to non-Australian AEs

  • In Favour of Revenue
  • Citation Number : TS-87-ITAT-2020(Bang)-TP
  • Tax Payer : ANZ Support Services India Pvt Ltd

ITAT: Remits applicability of MAP-agreed margin to transactions with non-MAP entities; Follows Global e-Business ruling

  • In Favour of Both, Partially
  • Citation Number : TS-85-ITAT-2020(Bang)-TP
  • Tax Payer : Oracle Solutions Services (India) Pvt Ltd

HC:Admits appeal against treatment of Reliance’s non-funded corporate guarantee as international transaction

  • In Favour of Both, Partially
  • Citation Number : TS-84-HC-2020(BOM)-TP
  • Tax Payer : Reliance Industries Ltd

HC:Admits appeal against treatment of non-funded 'corporate guarantee” as international transaction

  • In Favour of Both, Partially
  • Citation Number : TS-83-HC-2020(BOM)-TP
  • Tax Payer : Reliance Industries Ltd

HC: Admits Revenue’s appeal against assessee’s aggregation of commission transactions under TNMM

  • In Favour of Both, Partially
  • Citation Number : TS-82-HC-2020(BOM)-TP
  • Tax Payer : Bobst India Pvt Ltd

ITAT:Deletes TP-adjustment on intra-group services, brokerage income; Rules on comparables for institutional equity broker

  • In Favour of Assessee
  • Citation Number : TS-81-ITAT-2020(Mum)-TP
  • Tax Payer : CLSA India P. Ltd., (Formerly CLS India Ltd)

ITAT: Upholds TPO's LIBOR+bps for benchmarking AE-loan; Remits outstanding AE-receivables TP-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-80-ITAT-2020(HYD)-TP
  • Tax Payer : GSS Infotech Ltd

ITAT: Treats assessee's support services as international transaction rejecting 'shareholder function' stand

  • In Favour of Assessee
  • Citation Number : TS-79-ITAT-2020(Mum)-TP
  • Tax Payer : AGC Networks Limited

ITAT: Denies ‘pass-through’ status for sub-contracting charges of captive service-provider; Rules on comparables

  • In Favour of Both, Partially
  • Citation Number : TS-78-ITAT-2020(Bang)-TP
  • Tax Payer : Applied Materials India Private Limited

ITAT: Deletes AMP adjustment for L’Oreal India under manufacturing & distribution segments; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-77-ITAT-2020(Mum)-TP
  • Tax Payer : L’Oreal India Private Limited

ITAT: Remits un-adjudicated issue of restricting TP-adjustment to international AE-transactions; Follows earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-76-ITAT-2020(DEL)-TP
  • Tax Payer : Carrier Air-Conditioning and Refrigeration Ltd

ITAT: Holds share-application money pending allotment as international-transaction; Rejects foreign-AE as tested party

  • In Favour of Both, Partially
  • Citation Number : TS-75-ITAT-2020(Bang)-TP
  • Tax Payer : IZMO Ltd [formerly Logix Microsystems Ltd]

ITAT:Confirms TP- adjustment on commission for non-fund based limits utilized by AE

  • In Favour of Revenue
  • Citation Number : TS-73-ITAT-2020(Bang)-TP
  • Tax Payer : GMR Infrastructure Limited

ITAT: Rejects TPO’s ALP-determination of asset purchase; Directs adjustment towards difference in depreciation

  • In Favour of Both, Partially
  • Citation Number : TS-72-ITAT-2020(PUN)-TP
  • Tax Payer : Tata BlueScope Steel Ltd

ITAT: Rules on comparables; Directs allocation of common unallocated expenses applying relevant keys

  • In Favour of Assessee
  • Citation Number : TS-71-ITAT-2020(PUN)-TP
  • Tax Payer : John Deere India (P) Ltd

ITAT: Excludes comparables citing unavailability of data, functional-dissimilarity; Deletes TP-adjustment on royalty

  • In Favour of Assessee
  • Citation Number : TS-70-ITAT-2020(PUN)-TP
  • Tax Payer : Renishaw Metrology Systems Limited

ITAT: Rules on comparables for software developer; Upholds TP-adjustment on outstanding AE-receivables

  • In Favour of Both, Partially
  • Citation Number : TS-69-ITAT-2020(Bang)-TP
  • Tax Payer : KBACE Technologies Pvt Ltd

ITAT: Upholds Nil-ALP for management fees reimbursement; Rules on comparables selection for valves-manufacturer

  • In Favour of Both, Partially
  • Citation Number : TS-67-ITAT-2020(Ahd)-TP
  • Tax Payer : Tyco Valves & Controls (I) P Ltd

ITAT:Deletes TP-adjustment on shared service charges; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-66-ITAT-2020(Mum)-TP
  • Tax Payer : Abbott Healthcare Pvt Ltd