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ITAT: Deletes TP-adjustment on intra-group services following earlier year ITAT-order

  • In Favour of Assessee
  • Citation Number : TS-329-ITAT-2018(Kol)-TP
  • Tax Payer : Chryso India Private Limited (formerly known as ‘The structural Waterproofing Company Private Limited’)

HC: Admits Nokia Siemens’ appeal regarding AO’s reference to TPO

  • In Favour of Assessee
  • Citation Number : TS-327-HC-2018(DEL)-TP
  • Tax Payer : Nokia Siemens Networks India Private Limited

SC: Dismisses Revenue’s SLP; HC upheld CUP non-applicability for benchmarking royalty transaction

  • In Favour of Assessee
  • Citation Number : TS-326-SC-2018-TP
  • Tax Payer : SAKATA INX (INDIA) LIMITED

ITAT:Accepts bona-fide nature of intra-group services; Remits benchmarking to follow Cushman ratio

  • In Favour of Both, Partially
  • Citation Number : TS-325-ITAT-2018(DEL)-TP
  • Tax Payer : Caparo Engineering India Pvt. Ltd

ITAT: Annual report terminologies not conclusive for proving facts, rejects comparables' R&D activity plea

  • In Favour of Assessee
  • Citation Number : TS-324-ITAT-2018(Mum)-TP
  • Tax Payer : Bristlecone India Limited

ITAT: Excludes Thirdware as comparable for software-developer; Allows working capital adjustment claim

  • In Favour of Assessee
  • Citation Number : TS-323-ITAT-2018(DEL)-TP
  • Tax Payer : Wipro Limited C/o Wipro Energy IT Services India Private Limited

ITAT: Turnover differences “automatically ironed out” when average-PLI of comparables considered, follows Chryscapital-ruling

  • In Favour of Both, Partially
  • Citation Number : TS-321-ITAT-2018(DEL)-TP
  • Tax Payer : FIS Global Business India Pvt Ltd

ITAT: Onsite revenue an accepted filter for comparables selection; Upholds 3 comparables exclusion

  • In Favour of Both, Partially
  • Citation Number : TS-320-ITAT-2018(Bang)-TP
  • Tax Payer : CGI Information Systems & Management Consultation Pvt Ltd

ITAT:Deletes TP-adjustment for assessee trader absent agreement for sharing AMP-expenses, follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-318-ITAT-2018(Mum)-TP
  • Tax Payer : India Medtronic Private Limited

ITAT:Channel distribution fees not ‘royalty’ following binding Set-India HC-ruling; Remits benchmarking

  • In Favour of Assessee
  • Citation Number : TS-316-ITAT-2018(Mum)-TP
  • Tax Payer : MSM Discovery Private Limited

HC: Restricts TP-adjustments to AE-transactions following Keihin-ruling; Upholds inclusion of 2 comparables

  • In Favour of Assessee
  • Citation Number : TS-315-HC-2018(BOM)-TP
  • Tax Payer : Sandvik Asia Pvt Ltd

ITAT:Extends stay further as delay in appeal disposal not attributable to assessee

  • In Favour of Assessee
  • Citation Number : TS-314-ITAT-2018(Bang)-TP
  • Tax Payer : Epson India Pvt Ltd

ITAT: SIP-Technologies, not persistent loss-maker, directs inclusion as comparable for software developer

  • In Favour of Assessee
  • Citation Number : TS-313-ITAT-2018(PUN)-TP
  • Tax Payer : SAS Research and Development (India) Private Limited

ITAT: No further income attributable to PE since international transaction at ALP, follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-311-ITAT-2018(Mum)-TP
  • Tax Payer : Zee TV USA Inc Mauritus C/o Zee Telefilms Ltd

ITAT:Rejects TPO/DRP’s CUP-method, without selecting any comparables, for management-fee benchmarking; Remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-310-ITAT-2018(CHNY)-TP
  • Tax Payer : Gates Unitta India Company Private Limited

ITAT: Upholds TP-adjustment restriction only to international transactions; Follows HC-order in own case

  • In Favour of Assessee
  • Citation Number : TS-309-ITAT-2018(Mum)-TP
  • Tax Payer : Tara Jewels Export Pvt Ltd

ITAT: Excludes functionally dissimilar, fraudulent companies as comparables for ITeS-provider, follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-307-ITAT-2018(PUN)-TP
  • Tax Payer : KPIT Cummins Global Business Solutions Ltd

HC: Dismisses Revenue’s appeal; Upholds exclusion of 4 functionally dissimilar comparables

  • In Favour of Assessee
  • Citation Number : TS-306-HC-2018(DEL)-TP
  • Tax Payer : MPS Ltd

HC: Upholds ITAT’s remand of TP-provisions applicability to local amalgamation within Group

  • In Favour of Revenue
  • Citation Number : TS-305-HC-2018(BOM)-TP
  • Tax Payer : Thomson Reuters India Private Limited

SC: Admits Revenue’s appeal on AMP-issue for Valvoline Cummins; Tags case with Honda Siel

  • In Favour of Revenue
  • Citation Number : TS-304-SC-2018-TP
  • Tax Payer : Valvoline Cummins Ltd