Updates ( 9046 results )

Filters

ITAT: Excludes 3 companies citing high-end KPO, employee-cost filter failure, for ITeS provider

  • In Favour of Both, Partially
  • Citation Number : TS-790-ITAT-2019(Bang)-TP
  • Tax Payer : Software Paradigms Infotech Pvt Ltd

ITAT: Includes forex cost on expat-salary for ‘cost+’ based remuneration; Declines safe-harbour application

  • In Favour of Both, Partially
  • Citation Number : TS-789-ITAT-2019(DEL)-TP
  • Tax Payer : AT& T Communication Services India Pvt Ltd

ITAT: Adopts EURIBOR+2% for benchmarking AE-loan interest; Follows earlier ruling

  • In Favour of Both, Partially
  • Citation Number : TS-788-ITAT-2019(PUN)-TP
  • Tax Payer : iGate Global Solutions Ltd

ITAT: Restores appeal to CIT(A) citing non-speaking order on AE credit notes adjustment

  • In Favour of Assessee
  • Citation Number : TS-787-ITAT-2019(DEL)-TP
  • Tax Payer : Fujitsu Consulting India P Ltd

ITAT: Characterizes assessee as ITes-provider; Includes low-turnover, but functionally similar companies

  • In Favour of Both, Partially
  • Citation Number : TS-786-ITAT-2019(DEL)-TP
  • Tax Payer : American Express (I) P Ltd

ITAT: Grants benefit of volume discount on AE-export at discounted rate; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-785-ITAT-2019(PUN)-TP
  • Tax Payer : Floressence Perfumes Pvt Ltd

ITAT: Excludes comparables citing functional-dissimilarity, brand value, for software developer; Remits forex gain/loss treatment

  • In Favour of Both, Partially
  • Citation Number : TS-784-ITAT-2019(Bang)-TP
  • Tax Payer : CSG Systems International (India) Private Limited

HC: Dismisses Revenue’s appeal; Upholds ITAT’s exclusion of Infosys BPO for ITeS-provider

  • In Favour of Assessee
  • Citation Number : TS-783-HC-2019(DEL)-TP
  • Tax Payer : SYMPHONY MARKETING SOLUTIONS INDIA PVT. LTD. (NOW MERGED WITH GENPACT INDIA)

ITAT: Excludes 2 functionally dissimilar comparables for ITeS-provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-782-ITAT-2019(Mum)-TP
  • Tax Payer : Prudential Process Management Services India Pvt Ltd

ITAT:Rejects Revenue’s appeal against adjustment to comparables’ profit-margin considering HC-order in own case

  • In Favour of Assessee
  • Citation Number : TS-781-ITAT-2019(DEL)-TP
  • Tax Payer : Bombardier Transportation India Pvt

ITAT: Remits royalty TP-adjustment to adjudicate assessee's plea that income merely routed through AE

  • In Favour of Assessee
  • Citation Number : TS-780-ITAT-2019(Mum)-TP
  • Tax Payer : Universal Music (India) Pvt Ltd

ITAT: Deletes Sec.271G penalty for diamonds-trader; Practical difficulty in furnishing information constitutes reasonable cause

  • In Favour of Assessee
  • Citation Number : TS-779-ITAT-2019(Mum)-TP
  • Tax Payer : Jasani

ITAT: Directs working-capital adjustment based on OECD formula; Follows earlier-years approach

  • In Favour of Assessee
  • Citation Number : TS-778-ITAT-2019(DEL)-TP
  • Tax Payer : Hewitt Associates (India)P Ltd

ITAT: Rejects DRP’s suo-moto introduction of ‘Onsite-revenue filter’ post TPO’s TP-analysis; Excludes 3 comparables

  • In Favour of Both, Partially
  • Citation Number : TS-777-ITAT-2019(Bang)-TP
  • Tax Payer : Herbalife International India Pvt Ltd

ITAT: Determines guarantee fee ALP at 0.5%; Remits AE-loan adjustment directing LIBOR application

  • In Favour of Both, Partially
  • Citation Number : TS-776-ITAT-2019(Mum)-TP
  • Tax Payer : Alok Industries Ltd

ITAT: Adopts SBI rate for benchmarking trade receivables; Rules on comparables for IT/ITeS provider

  • In Favour of Both, Partially
  • Citation Number : TS-774-ITAT-2019(HYD)-TP
  • Tax Payer : Infor (India) P Ltd (formerly known as Infor Global Solutions (India) P Ltd

ITAT: Holds AMP-adjustment not international transaction for assessee-trader in second round of proceedings

  • In Favour of Assessee
  • Citation Number : TS-773-ITAT-2019(Mum)-TP
  • Tax Payer : India Medtronic Private Ltd

ITAT:Final assessment order passed without draft-order, invalid; Assessee’s participation in proceedings irrelevant

  • In Favour of Assessee
  • Citation Number : TS-772-ITAT-2019(PUN)-TP
  • Tax Payer : Jain Irrigation Systems Ltd

ITAT: Excludes Cignity, Thirdware, remits Aspire for RPT verification for low-end software developer

  • In Favour of Both, Partially
  • Citation Number : TS-771-ITAT-2019(Mum)-TP
  • Tax Payer : Lionbridge Technologies Private Limited

ITAT:Holds forex gains as operating income; Remits comparability of MPS Ltd. for ITes-provider

  • In Favour of Both, Partially
  • Citation Number : TS-770-ITAT-2019(Bang)-TP
  • Tax Payer : Ocwen Financial Solutions Pvt Ltd