Updates ( 9073 results )

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ITAT:Upholds exclusion of trading entity for benchmarking service entity’s marketing-services under TNMM

  • In Favour of Assessee
  • Citation Number : TS-420-ITAT-2018(Mum)-TP
  • Tax Payer : Hitachi Data Systems India Pvt Ltd

HC: Remits royalty, AMP issues; Holds ITAT’s observations on foreign comparables as ‘unwarranted’

  • In Favour of Assessee
  • Citation Number : TS-419-HC-2018(DEL)-TP
  • Tax Payer : Vodafone Mobile Services Ltd

ITAT: Fund & Non-fund based facility not at par; Adopts 0.2% as counter-guarantee ALP

  • In Favour of Assessee
  • Citation Number : TS-418-ITAT-2018(Mum)-TP
  • Tax Payer : Zee Entertainment Enterprises Limited

ITAT:Directs adoption of LIBOR+300bps as interest-ALP for AE-loan; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-417-ITAT-2018(Mum)-TP
  • Tax Payer : Roha Dyechem Ltd

ITAT:Remits TP-issue noting non-use of relevant year data, adjustment on non-AE transactions

  • In Favour of Both, Partially
  • Citation Number : TS-416-ITAT-2018(Bang)-TP
  • Tax Payer : Makino India Pvt Ltd

ITAT:Quashes assessment sans draft order issue; Show-cause notice not draft order

  • In Favour of Assessee
  • Citation Number : TS-415-ITAT-2018(JPR)-TP
  • Tax Payer : Jaipur Rugs Company (P) Ltd

ITAT: Deletes TP-adjustment on outstanding AE-receivables as amounts realized within 1-year, follows GSS-Infotech

  • In Favour of Both, Partially
  • Citation Number : TS-412-ITAT-2018(HYD)-TP
  • Tax Payer : Cura Technologies Ltd

ITAT: Remits comparability of 2 companies involved in fraud in ITeS-segment; Follows Acusis ruling

  • In Favour of Assessee
  • Citation Number : TS-411-ITAT-2018(Bang)-TP
  • Tax Payer : JDA Software Private Limited

ITAT:TDS has no bearing on ALP-determination; Directs re-adjudication of transaction nomenclatured as 'royalty'

  • In Favour of Both, Partially
  • Citation Number : TS-410-ITAT-2018(Kol)-TP
  • Tax Payer : Labvantage Solution Pvt Ltd

ITAT: Remits ALP-determination of loans to AE using LIBOR/WIBOR rate; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-408-ITAT-2018(PUN)-TP
  • Tax Payer : KPIT Technologies Limited

ITAT: Excludes Government companies as comparables; Upholds use of single year data

  • In Favour of Assessee
  • Citation Number : TS-407-ITAT-2018(DEL)-TP
  • Tax Payer : Eli Lilly & Co. (India) Ltd

ITAT:Upholds internal comparable and use of unaudited segmental accounts, deletes adjustment

  • In Favour of Assessee
  • Citation Number : TS-406-ITAT-2018(DEL)-TP
  • Tax Payer : Lummus Technology Heat Transfer BV

ITAT: Restricts corporate guarantee ALP at 0.5% as against TPO’s 5%; Follows Everest-Kanto

  • In Favour of Assessee
  • Citation Number : TS-405-ITAT-2018(Mum)-TP
  • Tax Payer : Apar Industries Limited

ITAT: Rules on comparables in IT/ITeS/Marketing segments; Treats forex-fluctuation as operating item, distinguishes Commscope

  • In Favour of Assessee
  • Citation Number : TS-404-ITAT-2018(Bang)-TP
  • Tax Payer : Finastra Software Solutions (I) P Ltd

ITAT:Grants stay considering assessee’s prima facie case on TP-issue and pending refunds

  • In Favour of Assessee
  • Citation Number : TS-403-ITAT-2018(HYD)-TP
  • Tax Payer : eBizNET Solutions Pvt Ltd

ITAT: Deletes TP-adjustment on AMP expenditure and royalty relying on earlier year orders

  • In Favour of Assessee
  • Citation Number : TS-402-ITAT-2018(DEL)-TP
  • Tax Payer : Honda Siel Power Products Ltd

ITAT: Deletes AMP-adjustment for trader of life saving devices; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-400-ITAT-2018(Mum)-TP
  • Tax Payer : India Medtronic Private Limited

ITAT:Assessee/ Revenue cannot challenge comparables selected in assessment order/TP study respectively

  • In Favour of Assessee
  • Citation Number : TS-399-ITAT-2018(Mum)-TP
  • Tax Payer : Capita Offshore Services Pvt Ltd

ITAT: Accepts CUP from AE's country for benchmarking export transaction, rejects multi-country average

  • In Favour of Assessee
  • Citation Number : TS-398-ITAT-2018(Mum)-TP
  • Tax Payer : Lupin Limited

ITAT: Excludes comparables absent product comparability even at broad level; Follows Rampgreen ruling

  • In Favour of Assessee
  • Citation Number : TS-397-ITAT-2018(Kol)-TP
  • Tax Payer : Schenck Process India Limited