Updates ( 9054 results )

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ITAT: Remands comparables, capacity adjustment & royalty benchmarking issues for assessee-manufacturer

  • In Favour of Both, Partially
  • Citation Number : TS-1252-ITAT-2018(DEL)-TP
  • Tax Payer : Nissin Brake India Pvt Ltd

ITAT: Excludes Infosys, Wipro Technologies for software developer; Holds forex-gain as operating item

  • In Favour of Assessee
  • Citation Number : TS-1249-ITAT-2018(DEL)-TP
  • Tax Payer : Global Logic India Ltd

ITAT: Allows additional evidence admission to decide PwC’s entity vs. transaction level adjustment issue

  • In Favour of Assessee
  • Citation Number : TS-1247-ITAT-2018(Kol)-TP
  • Tax Payer : PricewaterhouseCoopers Pvt Ltd

ITAT:Upholds CIT(A)-order quashing final assessment order passed sans draft order; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1246-ITAT-2018(PUN)-TP
  • Tax Payer : East West Seeds Ltd

ITAT: Allows Revenue’s appeal withdrawal considering resolution of management services TP-adjustment under APA

  • In Favour of Assessee
  • Citation Number : TS-1245-ITAT-2018(Mum)-TP
  • Tax Payer : Gia India Laboratory Pvt Ltd

HC:Dismisses Revenue’s appeal on exclusion of comparables; Holds no question of law arises

  • In Favour of Assessee
  • Citation Number : TS-1244-HC-2018(BOM)-TP
  • Tax Payer : Principal Global Services Pvt Ltd

ITAT:Grants conditional stay on Rs.195cr demand arising due to TP-adjustment on AE-loan

  • In Favour of Assessee
  • Citation Number : TS-1241-ITAT-2018(Mum)-TP
  • Tax Payer : Bombay Rayon Holdings Ltd

ITAT: Rejects AMP-adjustment & alternative Sec 37-disallowance for Whirlpool, but permits modification post SC-outcome

  • In Favour of Assessee
  • Citation Number : TS-1240-ITAT-2018(DEL)-TP
  • Tax Payer : Whirlpool of India Ltd

ITAT: Excludes comparables absent segmental information in software development & ITeS segments

  • In Favour of Both, Partially
  • Citation Number : TS-1239-ITAT-2018(Bang)-TP
  • Tax Payer : Goldman Sachs Services Pvt Ltd

ITAT: Software distribution companies good comparables to TV channel distributor; Follows earlier year order

  • In Favour of Assessee
  • Citation Number : TS-1238-ITAT-2018(DEL)-TP
  • Tax Payer : Turner International Pvt. Ltd

ITAT: Rejects AMP-adjustment for manufacturer-assessee but permits AO to modify order post SC-outcome

  • In Favour of Assessee
  • Citation Number : TS-1237-ITAT-2018(DEL)-TP
  • Tax Payer : Suzuki Motorcycles (I) Pvt Ltd

ITAT: Holds AMP-adjustment unsustainable but empowers AO to modify order post SC-ruling

  • In Favour of Assessee
  • Citation Number : TS-1236-ITAT-2018(DEL)-TP
  • Tax Payer : Valvoline Cummins Pvt Ltd

ITAT: Rules on comparables selection for investment advisory service provider; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-1235-ITAT-2018(Mum)-TP
  • Tax Payer : SBI Macquarie Infrastructure Management Private Limited

ITAT: Dismisses TP-grounds for software developer assessee as withdrawn in view of APA-resolution

  • In Favour of Assessee
  • Citation Number : TS-1234-ITAT-2018(DEL)-TP
  • Tax Payer : Mentor Graphics (India) Pvt Ltd

ITAT: Directs TPO to seek Sec 133(6)-information to compute capacity adjustment; Rejects information unavailability plea

  • In Favour of Both, Partially
  • Citation Number : TS-1233-ITAT-2018(DEL)-TP
  • Tax Payer : Terex Equipment Pvt Ltd (Formerly known as Terex Vectra Equipment Pvt. Ltd.)

ITAT:Confirms TP-adjustment deletion on foreign currency AE-loan; Follows earlier-orders

  • In Favour of Assessee
  • Citation Number : TS-1232-ITAT-2018(Kol)-TP
  • Tax Payer : M K Shah Exports Ltd

ITAT: Benefit test not precondition to justify ALP; Rejects NIL-ALP for management charges

  • In Favour of Both, Partially
  • Citation Number : TS-1230-ITAT-2018(COCH)-TP
  • Tax Payer : US Technology Resources Private Limited

ITAT: Rejects Nil-ALP for management charges; ‘Benefit’ not precondition for justifying ALP

  • In Favour of Both, Partially
  • Citation Number : TS-1229-ITAT-2018(COCH)-TP
  • Tax Payer : US Technology Resources Private Limited

ITAT:Remits TP-adjustment on intra-group services; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-1227-ITAT-2018(PUN)-TP
  • Tax Payer : Eaton Power Quality Private Limited

ITAT: Deletes Sec 271G penalty for diamond dealers; Relies on Dilipkumar V. Lakhi case

  • In Favour of Assessee
  • Citation Number : TS-1226-ITAT-2018(Mum)-TP
  • Tax Payer : Interjewel Pvt Ltd