Updates ( 9068 results )

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ITAT: Rejects miscellaneous petition as assessee’s ground for comparables exclusion general, not specific

  • In Favour of Revenue
  • Citation Number : TS-726-ITAT-2018(Bang)-TP
  • Tax Payer : Netscout Systems Software India Pvt Ltd

ITAT: Grants further 6 months stay extension; Delay in appeal disposal non-attributable to assessee

  • In Favour of Assessee
  • Citation Number : TS-725-ITAT-2018(Bang)-TP
  • Tax Payer : Manipal Global Education Services P Ltd

ITAT:Allows miscellaneous petition; Modifies Tribunal’s operating costs allocation key for ALP-determination

  • In Favour of Assessee
  • Citation Number : TS-724-ITAT-2018(Bang)-TP
  • Tax Payer : Yokogawa India Ltd

ITAT:Rejects TPO’s characterization of assessee as investment/ financial advisor; Remits issue following precedents

  • In Favour of Assessee
  • Citation Number : TS-723-ITAT-2018(DEL)-TP
  • Tax Payer : Control Risks India Pvt Ltd

HC: Dismisses assessee’s appeal; Upholds ITAT’s denial of risk adjustment following Zyme Solutions

  • In Favour of Revenue
  • Citation Number : TS-722-HC-2018(KAR)-TP
  • Tax Payer : SOLIDCORE TECHSOFT SYSTEMS (INDIA) PVT LTD (NOW MERGED WITH McAfee SOFTWARE INIDA PVT. LTD.)

HC: Dismisses Revenue’s appeal challenging ITAT’s comparables selection; Follows Softbrands ruling

  • In Favour of Assessee
  • Citation Number : TS-679-HC-2018(KAR)-TP
  • Tax Payer : TNT INDIA PRIVATE LIMITED

ITAT: Only consistent loss-maker can be rejected as comparable; Excludes functionally dissimilar companies

  • In Favour of Both, Partially
  • Citation Number : TS-658-ITAT-2018(PUN)-TP
  • Tax Payer : Nihilent Technologies Pvt Ltd

ITAT: Remits comparability issue to AO/TPO for assessee’s technical support services to AE

  • In Favour of Both, Partially
  • Citation Number : TS-628-ITAT-2018(DEL)-TP
  • Tax Payer : Granite Services International India Private Limited

ITAT:Confirms Sec 271AA/ 271G penalty absent reasonable cause for TP-documentation maintenance & furnishing failure

  • In Favour of Revenue
  • Citation Number : TS-627-ITAT-2018(CHNY)-TP
  • Tax Payer : India Pistons Ltd

ITAT: Excludes Acropetal Technologies having abnormally high profit and average operating margin

  • In Favour of Assessee
  • Citation Number : TS-626-ITAT-2018(CHNY)-TP
  • Tax Payer : Bloom Energy India Pvt. Ltd

ITAT: Adopts internal-TNMM for benchmarking engineering design services; Accepts assessee’s man-hourly rates comparison plea

  • In Favour of Assessee
  • Citation Number : TS-625-ITAT-2018(PUN)-TP
  • Tax Payer : Magna Steyr India Pvt Ltd

ITAT: Quashes assessment framed on non-existent amalgamating company; Follows Genpact ruling

  • In Favour of Assessee
  • Citation Number : TS-624-ITAT-2018(DEL)-TP
  • Tax Payer : Akzo Nobel India Ltd., (formerly known as Akzo Nobel Car Refinishes India Pvt. Ltd.)

ITAT: Confirms CIT(A) order deleting TP-adjustment on ITeS, relies upon earlier ITAT-order

  • In Favour of Assessee
  • Citation Number : TS-622-ITAT-2018(DEL)-TP
  • Tax Payer : Everest Business Advisory India (P) Ltd

ITAT: Quashes assessment order passed on non-existent amalgamating company as invalid; Distinguishes Sky-Hospitality

  • In Favour of Assessee
  • Citation Number : TS-621-ITAT-2018(PUN)-TP
  • Tax Payer : Akzo Nobel India Limited (as successor of Akzo Nobel Chemicals (India) Limited)

ITAT: Remits ALP-determination of royalty following earlier year ITAT orders

  • In Favour of Revenue
  • Citation Number : TS-620-ITAT-2018(DEL)-TP
  • Tax Payer : JCB India Ltd

ITAT: Excludes 3 companies for software development services; Remits 2 companies comparability for staffing services

  • In Favour of Both, Partially
  • Citation Number : TS-618-ITAT-2018(DEL)-TP
  • Tax Payer : PYRAMID IT CONSULTING P LTD

ITAT: Holds foreign exchange fluctuation gains as operating income; Rules on comparable selection

  • In Favour of Assessee
  • Citation Number : TS-617-ITAT-2018(DEL)-TP
  • Tax Payer : NEC Technologies India P Ltd

HC: Dismisses Revenue's appeal on TP-issue noting resolution under MAP

  • In Favour of Assessee
  • Citation Number : TS-616-HC-2018(KAR)-TP
  • Tax Payer : SIEBEL SYSTEMS SOFTWARE (INDIA) P LTD

ITAT:High advertisement spend doesn't affect RPM; Upholds RPM for Burberry's luxury imports

  • In Favour of Assessee
  • Citation Number : TS-615-ITAT-2018(DEL)-TP
  • Tax Payer : Burberry India Pvt Ltd

SC: Dismisses Revenue’s appeal against HC’s deletion of royalty TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-613-SC-2018-TP
  • Tax Payer : SAKATA INX (INDIA) LIMITED