Updates ( 9073 results )

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ITAT: Dismisses McDonald’s appeal on TP-grounds in view of resolution under MAP

  • In Favour of Assessee
  • Citation Number : TS-513-ITAT-2018(DEL)-TP
  • Tax Payer : Mcdonald’s India Pvt Ltd

ITAT: Quashes assessment citing failure to follow CBDT Instruction 3/2003; Follows Calance Software ruling

  • In Favour of Assessee
  • Citation Number : TS-512-ITAT-2018(DEL)-TP
  • Tax Payer : Bucher Hydraulics Pvt

ITAT:Deletes TP-adjustment on support services; No mark-up required on third-party costs

  • In Favour of Assessee
  • Citation Number : TS-511-ITAT-2018(DEL)-TP
  • Tax Payer : CPS Cash Processing Solutions Private Ltd

ITAT:Adopts profit before depreciation as PLI, distinguishes earlier-order; Upholds 2 comparables exclusion

  • In Favour of Both, Partially
  • Citation Number : TS-509-ITAT-2018(Bang)-TP
  • Tax Payer : Indigra Exports Pvt Ltd

ITAT: Rejects seafood exporter's claim for adjustment to CUP absent data substantiating claim

  • In Favour of Revenue
  • Citation Number : TS-508-ITAT-2018(COCH)-TP
  • Tax Payer : Torry Harris Sea Foods Pvt Ltd

ITAT: Exclude 10 companies as comparable for captive ITeS service provider; Follows judicial precedents

  • In Favour of Assessee
  • Citation Number : TS-507-ITAT-2018(DEL)-TP
  • Tax Payer : H & S Software Development and Knowledge Management Centre Pvt Ltd

HC: Upholds LIBOR+2% as interest-ALP for loan to Mauritius AE; Follows Aurinpro ruling

  • In Favour of Assessee
  • Citation Number : TS-506-HC-2018(BOM)-TP
  • Tax Payer : S B & T International Ltd

SC: Admits SLP against HC-order confirming adjustment to ALP for Forex fluctuation

  • In Favour of Assessee
  • Citation Number : TS-505-SC-2018-TP
  • Tax Payer : Schneider Electric India Pvt Ltd

SC: Dismisses SLP against HC-order deleting royalty addition

  • In Favour of Assessee
  • Citation Number : TS-504-SC-2018-TP
  • Tax Payer : SAKATA INX INDIA LIMITED

ITAT: Acquisition of company overseas doesn’t make it incomparable; Bad-debts provision, an operating item

  • In Favour of Both, Partially
  • Citation Number : TS-503-ITAT-2018(HYD)-TP
  • Tax Payer : Hyundai Motor India Engg Pvt Ltd

ITAT: E-Zest, not KPO, retains as comparable for assessee providing software & distribution services

  • In Favour of Assessee
  • Citation Number : TS-500-ITAT-2018(HYD)-TP
  • Tax Payer : Open Text Corporation India Pvt Ltd (earlier known as Cordys Software India Products Ltd)

HC: Dismisses Revenue's appeal against ITAT-order deleting TP-adjustment; Follows Softbands ruling

  • In Favour of Assessee
  • Citation Number : TS-499-HC-2018(KAR)-TP
  • Tax Payer : Motorola Solutions India P Ltd (Earlier known as Motorola India Electronics P Ltd)

HC: Dismisses Revenue's appeal against ITAT-order excluding high turnover comparables; Follows Softbands ruling

  • In Favour of Assessee
  • Citation Number : TS-498-HC-2018(KAR)-TP
  • Tax Payer : Swiss Re Global Business Solutions India P Ltd

HC: Dismisses Revenue's appeal against ITAT-order on comparable selection relying on Softbands ruling

  • In Favour of Assessee
  • Citation Number : TS-496-HC-2018(KAR)-TP
  • Tax Payer : Zyme Solutions P Ltd

ITAT:Excludes 3 comparables for functional dissimilarity, segmental data unavailability in second appeal round

  • In Favour of Assessee
  • Citation Number : TS-495-ITAT-2018(DEL)-TP
  • Tax Payer : Corning SAS- India Branch Office

ITAT: Quashes AO’s order incorporating DRP-directions issued ex-parte on comparables; Remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-494-ITAT-2018(Bang)-TP
  • Tax Payer : Jamcracker Software Technologies Pvt Ltd

SC:Dismisses Revenue’s SLP challenging exclusion of 100 government owned undertaking as comparable

  • In Favour of Assessee
  • Citation Number : TS-493-SC-2018-TP
  • Tax Payer : International SOS Service India P Ltd

ITAT: Adjudictes filters using segmental information not entity-level figures, rules on comparable selection

  • In Favour of Both, Partially
  • Citation Number : TS-492-ITAT-2018(Bang)-TP
  • Tax Payer : CGI Information Systems and Management Consultants Private Limited

ITAT: Excludes 5 companies as comparable for ITeS-provider, follows judicial precedents & own rulings

  • In Favour of Assessee
  • Citation Number : TS-491-ITAT-2018(DEL)-TP
  • Tax Payer : BT e-Serv (India) Pvt Ltd

ITAT: Rules on comparables in software-segment; Remits voluntary TP-adjustment issue for sales-support segment

  • In Favour of Assessee
  • Citation Number : TS-489-ITAT-2018(PUN)-TP
  • Tax Payer : MSC Software Corporation India Pvt Ltd