Updates ( 9054 results )
HC: Upholds ITAT-order deleting corporate guarantee TP-adjustment; Follows earlier-order
- In Favour of Assessee
- Citation Number : TS-1391-HC-2018(BOM)-TP
- Tax Payer : Glenmark Pharmaceuticals Ltd
ITAT: Outstanding AE-receivables part of software-development services to AE; Separate ALP-determination not warranted
- In Favour of Both, Partially
- Citation Number : TS-1390-ITAT-2018(Bang)-TP
- Tax Payer : Sunquest Information Systems (India) Pvt. Ltd
HC: Expresses doubt on ITAT invoking TP-mechanism absent AO’s directions while deciding Sec 36(1)(iii)-interest allowability
- In Favour of Both, Partially
- Citation Number : TS-20-HC-2019(BOM)-TP
- Tax Payer : Piramal Glass Pvt Ltd
ITAT: Directs fresh benchmarking for software-services applying subsequent year’s scientifically correct methodology
- In Favour of Both, Partially
- Citation Number : TS-19-ITAT-2019(Bang)-TP
- Tax Payer : Synova Innovative Technologies Pvt. Ltd
ITAT: Allows technical-fees as revenue expenditure; Rejects Nil-ALP citing 'commensurate with income' test failure
- In Favour of Assessee
- Citation Number : TS-18-ITAT-2019(DEL)-TP
- Tax Payer : Michelin India Tyres Pvt. Ltd
ITAT: Confines TP-adjustment only to international transactions with AEs; Follows jurisdictional HC-rulings
- In Favour of Assessee
- Citation Number : TS-16-ITAT-2019(Mum)-TP
- Tax Payer : Damco India Private Limited
ITAT: Deletes AMP-adjustment for confectionary manufacturer; Follows earlier orders
- In Favour of Assessee
- Citation Number : TS-15-ITAT-2019(DEL)-TP
- Tax Payer : Wrigley India Pvt Ltd
ITAT: Restores adjustment on AE-receivables; Adopts LIBOR+ markup & 0.5% as AE-loan & guarantee ALP
- In Favour of Assessee
- Citation Number : TS-1123-ITAT-2017(Mum)-TP
- Tax Payer : Piramal Glass Ltd (earlier known as ‘Gujarat Glass Pvt Ltd’)
ITAT: Deletes Sony-India’s AMP-adjustment; MA pendency against Sony-Ericsson ruling insufficient for contrary view
- In Favour of Assessee
- Citation Number : TS-13-ITAT-2019(DEL)-TP
- Tax Payer : Sony India Pvt Ltd
ITAT:Remits comparables issue for ornamental-trimmings manufacturer, directs selection of similar product companies
- In Favour of Both, Partially
- Citation Number : TS-12-ITAT-2019(CHNY)-TP
- Tax Payer : India Trimmings P Ltd
ITAT: Comparables chosen in previous years cannot be “whimsically rejected” absent functional profile change
- In Favour of Assessee
- Citation Number : TS-1388-ITAT-2018(Mum)-TP
- Tax Payer : Basell Polyolefins India Pvt Ltd
ITAT: Dismisses Revenue’s appeal on comparables selection issue in view of APA resolution
- In Favour of Assessee
- Citation Number : TS-1387-ITAT-2018(Bang)-TP
- Tax Payer : Fair Issac India Software Pvt Ltd
ITAT:Accepts RPM for retail trader at airports’ duty free shops; Follows earlier-order
- In Favour of Assessee
- Citation Number : TS-11-ITAT-2019(Mum)-TP
- Tax Payer : Airport Retail P Ltd (Formerly Known as M/s. Alpha Future Airport Retail P. Ltd.)
ITAT: Remits comparables for engineering design service-provider; Dismisses Revenue’s appeal citing low tax-effect
- In Favour of Assessee
- Citation Number : TS-1386-ITAT-2018(PUN)-TP
- Tax Payer : Carraro Technologies India Pvt Ltd
ITAT: Deletes AMP-adjustment for PepsiCo India absent brand building for AE; Follows earlier-order
- In Favour of Both, Partially
- Citation Number : TS-10-ITAT-2019(DEL)-TP
- Tax Payer : PepsiCo India Holdings Pvt Ltd
ITAT: Deletes TP-adjustment on outstanding AE-receivables applying Kusum Healthcare ruling ratio
- In Favour of Assessee
- Citation Number : TS-1384-ITAT-2018(DEL)-TP
- Tax Payer : Orange Business Services India Solutions Pvt Ltd
ITAT:Adopts LIBOR/EURIBOR for benchmarking AE-loans lent in USD/EURO; Follows precedents
- In Favour of Assessee
- Citation Number : TS-1383-ITAT-2018(Mum)-TP
- Tax Payer : IL&FS Transportation Networks Limited
HC: Upholds LIBOR for benchmarking AE-loan & 0.5% as guarantee-commission ALP; Follows Everest Kanto
- In Favour of Assessee
- Citation Number : TS-1382-HC-2018(BOM)-TP
- Tax Payer : Manugraph India Ltd
ITAT:Adopts RPM over TNMM for benchmarking assessee’s trading activity; Follows earlier orders
- In Favour of Assessee
- Citation Number : TS-1381-ITAT-2018(Mum)-TP
- Tax Payer : Seminis Vegetable Seeds (India) Pvt Ltd(Merged with Monsanto Holdings Private Limited w.e.f. 01 Apri 2007)
ITAT: Excludes 3 comparables for ITeS-provider and deletes TP-adjustment, Follows earlier orders
- In Favour of Assessee
- Citation Number : TS-1378-ITAT-2018(Mum)-TP
- Tax Payer : Stream International Services Pvt.Ltd