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ITAT: Holds Eclerx, a KPO-company, incomparable to ITeS-provider; Distinguishes ruling in own case

  • In Favour of Both, Partially
  • Citation Number : TS-769-ITAT-2019(HYD)-TP
  • Tax Payer : Hyundai Motor India Engineering Private Limited

ITAT:Upholds TP-adjustment deletion on indenting commission considering TPO’s awry application of CPM

  • In Favour of Both, Partially
  • Citation Number : TS-766-ITAT-2019(PUN)-TP
  • Tax Payer : Atlas Copco (India) Limited

ITAT: Upholds CIT(A)’s corporate guarantee ALP determination at 0.5%; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-765-ITAT-2019(Mum)-TP
  • Tax Payer : Laqshya Media Pvt Ltd

ITAT: Upholds TPO’s unallocated cost apportionment for computing segmental profits for software-R&D division

  • In Favour of Both, Partially
  • Citation Number : TS-764-ITAT-2019(Bang)-TP
  • Tax Payer : Trident Microsystems India Pvt Ltd

ITAT:Rules on comparables for Corporate-support and R&D services provider; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-763-ITAT-2019(Mum)-TP
  • Tax Payer : International Specialty Products (India) Pvt Limited

ITAT: Upholds segregation of management-fee but considers payment at ALP under CPM; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-762-ITAT-2019(PUN)-TP
  • Tax Payer : INA Bearings India Pvt Ltd

ITAT: Declines assessee’s MA observing Tribunal's ‘application of mind’ on comparable exclusion

  • In Favour of Both, Partially
  • Citation Number : TS-761-ITAT-2019(HYD)-TP
  • Tax Payer : Wissen Infotech Pvt Ltd

ITAT: AMP-expense, not international transaction, absent incurrence for AE’s brand promotion; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-760-ITAT-2019(Kol)-TP
  • Tax Payer : Organon (India) Private Limited

ITAT: Rejects CIT(A)’s average EURIBOR as interest-ALP for AE-loan; Adopts EURIBOR+2% following Aurionpro

  • In Favour of Both, Partially
  • Citation Number : TS-759-ITAT-2019(PUN)-TP
  • Tax Payer : iGate Global Solutions Ltd

SC: Assessee challenges HC-order upholding ITAT’s comparable-selection for its software development segment

  • In Favour of Both, Partially
  • Citation Number : TS-758-SC-2019-TP
  • Tax Payer : STERIA INDIA LTD (EARLIER KNOWN AS XANSA INDIA LTD.)

HC: Upholds ITAT’s exclusion of 5 comparables for ITes provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-756-HC-2019(DEL)-TP
  • Tax Payer : TORUS BUSINESS SOLUTION PVT. LTD

HC: Sets-aside ITAT’s cryptic order rejecting stay on demand arising from TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-755-HC-2019(KAR)-TP
  • Tax Payer : Sterling Urban Developments Private Limited

HC: Upholds ITAT’s comparable-selection; No estoppel against assessee rejecting its own comparables

  • In Favour of Assessee
  • Citation Number : TS-753-HC-2019(BOM)-TP
  • Tax Payer : WIKA Instruments India Pvt Ltd

ITAT: Adopts ALP at 0.53% for guarantee, 0.5% for comfort-guarantee; Follows precedent in own-case

  • In Favour of Both, Partially
  • Citation Number : TS-752-ITAT-2019(Mum)-TP
  • Tax Payer : Glenmark Pharmaceuticals Ltd

HC: Dismisses Revenue’s appeal against ITAT’s exclusion of routine selling, distribution expenses from AMP-expenses

  • In Favour of Assessee
  • Citation Number : TS-750-HC-2019(DEL)-TP
  • Tax Payer : Haier Appliances India Limited

ITAT:Deletes TP-adjustment for export/import transactions; Accepts assessee’s aggregation approach, following earlier-orders

  • In Favour of Assessee
  • Citation Number : TS-749-ITAT-2019(PUN)-TP
  • Tax Payer : Tetra Pak India Private Limited

ITAT:Adopts RPM over TNMM for benchmarking imports in distribution segment; Follows Videojet-ruling

  • In Favour of Assessee
  • Citation Number : TS-748-ITAT-2019(Mum)-TP
  • Tax Payer : Ecolab Food Safety & Hygiene Private Limited

ITAT:Deletes TP-adjustment on import-transaction citing small proportion of AE-imports; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-747-ITAT-2019(DEL)-TP
  • Tax Payer : Hero MotoCorp Ltd

ITAT:Remits TP-adjustment on imports made without effecting DRP-directions; Remits AMP-adjustment following own order

  • In Favour of Assessee
  • Citation Number : TS-743-ITAT-2019(DEL)-TP
  • Tax Payer : Adidas India Marketing Pvt Ltd

ITAT:Directs aggregate approach adoption under TNMM for intra-group services; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-742-ITAT-2019(DEL)-TP
  • Tax Payer : Bombardier Transportation India Ltd