Updates ( 9054 results )

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ITAT: Remits DRP’s cryptic order on comparables selection for investment advisory service provider

  • In Favour of Assessee
  • Citation Number : TS-1281-ITAT-2018(DEL)-TP
  • Tax Payer : Wolfensohn India Advisors Pvt Ltd

ITAT: Functionally similar company cannot be excluded, merely for following different accounting-year; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1280-ITAT-2018(Mum)-TP
  • Tax Payer : Maersk Global Service Centre India Pvt Ltd

ITAT: Corporate guarantee not international transaction pre-2012; Upholds LIBOR for benchmarking foreign-currency AE-loans

  • In Favour of Assessee
  • Citation Number : TS-1279-ITAT-2018(Kol)-TP
  • Tax Payer : Britannia Industries Ltd

ITAT:Deletes TP-adjustment on RBI/SIA approved royalty payment to AE; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-1278-ITAT-2018(PUN)-TP
  • Tax Payer : Spicer India Pvt Ltd (Formerly known as Spicer India Ltd.)

ITAT:Upholds TP-adjustment deletion on corporate guarantee & AE-loan; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-1277-ITAT-2018(Kol)-TP
  • Tax Payer : Manaksia Ltd

ITAT: Excludes 2 functionally dissimilar companies for software developer; Includes 1 non-persistent loss maker

  • In Favour of Assessee
  • Citation Number : TS-1276-ITAT-2018(PUN)-TP
  • Tax Payer : SAS Research and Development (India) Pvt Ltd

ITAT: Confirms DRP-order holding foreign partnership firm as not ‘eligible assessee’ u/s 144C

  • In Favour of Assessee
  • Citation Number : TS-1275-ITAT-2018(DEL)-TP
  • Tax Payer : ESS Distribution (Mauritius) S.C.N.E.T. Companie

ITAT: Upholds DRP-order treating foreign partnership firm as non-eligible assessee u/s 144C; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-1273-ITAT-2018(DEL)-TP
  • Tax Payer : ESPN Star Sports Mauritius SNC et Companie

ITAT: Rules on comparables selection for ITeS-provider; Rejects TPO’s negative working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-1272-ITAT-2018(Bang)-TP
  • Tax Payer : Zyme Solutions Pvt Ltd

ITAT:Confirms concealment penalty deletion as TP-addition deleted in quantum appeal

  • In Favour of Assessee
  • Citation Number : TS-1271-ITAT-2018(PUN)-TP
  • Tax Payer : Magic Software Enterprises India Pvt Ltd

ITAT: Excludes 9 comparables for software-developer, directs consideration of segmental results for Megasoft

  • In Favour of Both, Partially
  • Citation Number : TS-1270-ITAT-2018(Bang)-TP
  • Tax Payer : NI Systems (India) Pvt Ltd

ITAT:Remits ALP-determination of international transaction citing TPO/DRP’s non-consideration of assessee’s comparables

  • In Favour of Both, Partially
  • Citation Number : TS-1269-ITAT-2018(Kol)-TP
  • Tax Payer : Foster Wheeler Bengal Pvt Ltd (merged with Amec Foster Wheeler India Pvt. Ltd.)

HC: Corrigendum can’t correct draft order non-issuance; Assessee not estopped from challenging AO’s jurisdiction

  • In Favour of Assessee
  • Citation Number : TS-1267-HC-2018(BOM)-TP
  • Tax Payer : Lionbridge Technologies Pvt Ltd

ITAT: Rejects TPO’s OP/Marketing cost for marketing fees ALP-determination; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-1265-ITAT-2018(Mum)-TP
  • Tax Payer : first source Solutions Ltd (formerly Customer Asset India P. Ltd)

ITAT:Restores TP-issue to CIT(A) citing cryptic, non-speaking order on comparables selection

  • In Favour of Revenue
  • Citation Number : TS-1264-ITAT-2018(Kol)-TP
  • Tax Payer : Steel Plus Limited

ITAT: Can’t lower RPT-filter by excluding expense reimbursement; Rules on comparables for BPO-provider

  • In Favour of Both, Partially
  • Citation Number : TS-1263-ITAT-2018(HYD)-TP
  • Tax Payer : Knoah Solutions Pvt Ltd

HC: Dismisses Revenue’s appeal; Draft assessment-order necessary even after proceedings remanded by ITAT

  • In Favour of Assessee
  • Citation Number : TS-1260-HC-2018(BOM)-TP
  • Tax Payer : Andrew Telecommunications P Ltd

ITAT:Grants stay on demand arising from TP-adjustment after adjusting 20 pending refund

  • In Favour of Assessee
  • Citation Number : TS-1255-ITAT-2018(PUN)-TP
  • Tax Payer : Cummins Turbo Technologies Limited

ITAT: Remits comparables selection, working-capital, risk adjustment claims in ITeS & Assembly segments

  • In Favour of Both, Partially
  • Citation Number : TS-1254-ITAT-2018(CHNY)-TP
  • Tax Payer : Cameron Manufacturing India Pvt Ltd

ITAT:Excludes Govt.-owned companies; Stresses on business-model similarity in addition to functional similarity

  • In Favour of Assessee
  • Citation Number : TS-1253-ITAT-2018(DEL)-TP
  • Tax Payer : Boeing International Corporation India Pvt. Ltd