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ITAT:Upholds Sec 263 revisionary-order for AO’s SDT non-reference to TPO; Follows Ranbaxy ruling

  • In Favour of Revenue
  • Citation Number : TS-740-ITAT-2019(VIZ)-TP
  • Tax Payer : Sree Tirumala Steel Rolling Mills Private Ltd

ITAT:Upholds deletion of TP-adjustment on sales, interest-adjustment on AE-loan; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-739-ITAT-2019(Mum)-TP
  • Tax Payer : Ion Exchange (India) Ltd

ITAT: Rules on comparables selection for ITES-provider, excludes outsourcing comparables, companies with extraordinary events

  • In Favour of Both, Partially
  • Citation Number : TS-738-ITAT-2019(Mum)-TP
  • Tax Payer : Technip India Ltd (Amalgamated with Technip E&C India Ltd.)

ITAT:Excludes 4 comparables citing different business model, unreliable data etc; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-737-ITAT-2019(Mum)-TP
  • Tax Payer : Gartner India Research & Advisory Services Private Ltd

ITAT: Remits TP-adjustment on outstanding AE-receivables for fresh adjudication following earlier orders

  • In Favour of Assessee
  • Citation Number : TS-736-ITAT-2019(DEL)-TP
  • Tax Payer : D E Shaw India Advisory Services Private Limited

ITAT: AMP-spend allowable business expenditure if brand owned by Indian-entity, TP-adjustment not sustainable

  • In Favour of Assessee
  • Citation Number : TS-735-ITAT-2019(Bang)-TP
  • Tax Payer : Unibic Foods India Pvt Ltd (formerly Unibic Biscuits India Pvt. Ltd.)

HC: Upholds ITAT-order quashing assessment on non-existent amalgamating company as void ab initio

  • In Favour of Assessee
  • Citation Number : TS-734-HC-2019(DEL)-TP
  • Tax Payer : Transcend MT Services Pvt Ltd

ITAT: Deletes AE-receivables adjustment; Extended credit impact subsumed in TNMM when factored in export-pricing

  • In Favour of Assessee
  • Citation Number : TS-732-ITAT-2019(DEL)-TP
  • Tax Payer : BTR Packaging Pvt Ltd

ITAT:Remits AMP-issue for Adidas India to follow directions of co-ordinate bench in earlier-order

  • In Favour of Assessee
  • Citation Number : TS-731-ITAT-2019(DEL)-TP
  • Tax Payer : Adidas India Marketing (P.) Ltd

ITAT: Remits TP-issues regarding Royalty and Product Development fee benchmarking; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-730-ITAT-2019(DEL)-TP
  • Tax Payer : Nissin Brake India P Ltd

ITAT: Deletes Sec 271(1)(c)-penalty; Difference in comparables selection neither concealment not furnishing inaccurate particulars

  • In Favour of Assessee
  • Citation Number : TS-729-ITAT-2019(PUN)-TP
  • Tax Payer : Ensim India Pvt Ltd

ITAT: Deletes TP-addition on interest on AE-receivables; Remits TP-adjustment on contract manufacturing transactions

  • In Favour of Assessee
  • Citation Number : TS-728-ITAT-2019(DEL)-TP
  • Tax Payer : Hella India Lighting Ltd

ITAT: Directs TPO to re-determine TP-adjustment accepting AE’s-margin at 0.5%; Follows earlier orders

  • In Favour of Both, Partially
  • Citation Number : TS-727-ITAT-2019(Mum)-TP
  • Tax Payer : Aranca (Mumbai) Pvt Ltd

ITAT: Excludes Eclerx for BPO service-provider; Upholds exclusion of prior-period expenses for PLI-computation

  • In Favour of Assessee
  • Citation Number : TS-726-ITAT-2019(PUN)-TP
  • Tax Payer : TriZetto Services India Pvt Ltd

ITAT: Remits TP-adjustments on AE-sales and royalty for assessee manufacturer; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-725-ITAT-2019(Mum)-TP
  • Tax Payer : ASB International P Ltd

ITAT:Deletes TP-adjustment on shares-premium shortfall, rules on comparables selection; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-724-ITAT-2019(Mum)-TP
  • Tax Payer : J.P. Morgan Advisors India Pvt. Ltd.

ITAT:Restores TP-adjustment on payment of technical assistance; Follows earlier-orders

  • In Favour of Assessee
  • Citation Number : TS-723-ITAT-2019(Mum)-TP
  • Tax Payer : CWT India Pvt Ltd

ITAT: Rules in assessee’s favour; Excludes 11 comparables for ITeS provider

  • In Favour of Assessee
  • Citation Number : TS-722-ITAT-2019(Mum)-TP
  • Tax Payer : Morgan Stanley Advantage Services Pvt Ltd

ITAT: Upholds aggregation approach, rejects benefit test for corporate charges benchmarking; Deletes TP-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-721-ITAT-2019(DEL)-TP
  • Tax Payer : Aricent Technologies (Holdings) Ltd

ITAT: Holds assessee an ITeS-provider, not KPO; Rules on comparables & remits AE-receivables issue

  • In Favour of Assessee
  • Citation Number : TS-720-ITAT-2019(HYD)-TP
  • Tax Payer : HSBC Electronic Data Processing India P Ltd