Updates ( 9073 results )
ITAT:Rejects plea that AE’s marketing services justified non-charging of interest on AE-loan
- In Favour of Revenue
- Citation Number : TS-303-ITAT-2018(Mum)-TP
- Tax Payer : Virgo Engineering Ltd (Now merged with Virgo Valves & Controls Pvt Ltd)
HC:Admits assessee’s legal questions on applicability of TP-provisions to corporate guarantee
- In Favour of Assessee
- Citation Number : TS-302-HC-2018(BOM)-TP
- Tax Payer : Minacs Pvt Ltd
HC: Admits JCB’s legal question on aggregation of closely linked transactions under TNMM
- In Favour of Assessee
- Citation Number : TS-301-HC-2018(DEL)-TP
- Tax Payer : JCB India Ltd
HC:ITAT’s remand of AMP-issue unnecessary when Sony-ruling correctly applied by TPO/DRP
- In Favour of Assessee
- Citation Number : TS-300-HC-2018(DEL)-TP
- Tax Payer : Callaway Golf India Pvt Ltd
ITAT: Excludes 12 companies as comparable for software service provider; Follows precedents
- In Favour of Both, Partially
- Citation Number : TS-298-ITAT-2018(Bang)-TP
- Tax Payer : SAP Labs India Pvt Ltd
HC: Upholds exclusion of 5 comparables for BPO service provider; Follows precedents
- In Favour of Assessee
- Citation Number : TS-293-HC-2018(BOM)-TP
- Tax Payer : BNY Mellon International Operations (India) Pvt Ltd
ITAT: Remits capacity utilization issue in manufacturing segment back to TPO following earlier-order
- In Favour of Assessee
- Citation Number : TS-292-ITAT-2018(DEL)-TP
- Tax Payer : Nissin Brake India Pvt Ltd
ITAT:Grants further stay extension to Manipal Global as appeals heard and orders awaited
- In Favour of Assessee
- Citation Number : TS-291-ITAT-2018(Bang)-TP
- Tax Payer : Manipal Global Education Services P Ltd
ITAT:Grants conditional stay; Notes MAP-application for resolution of TP-issues pending disposal
- In Favour of Assessee
- Citation Number : TS-289-ITAT-2018(Bang)-TP
- Tax Payer : Novozymes South Asia Pvt Ltd
ITAT:Restores TP-adjustment for BPO-services transaction for re-consideration of segmental results
- In Favour of Assessee
- Citation Number : TS-288-ITAT-2018(Mum)-TP
- Tax Payer : Your Lifestyle Private Limited [Formerly known as Sanda Wellbeing Private Limited]
ITAT:Rejects stay; Dismisses assessee’s grievance on comparables absent TP-documentation filing before TPO
- In Favour of Assessee
- Citation Number : TS-286-ITAT-2018(CHNY)-TP
- Tax Payer : Mos Metro India Pvt Ltd
ITAT: Grants conditional stay on demand arising due to TP-adjustment on purchases transaction
- In Favour of Revenue
- Citation Number : TS-284-ITAT-2018(CHNY)-TP
- Tax Payer : Cameron Manufacturing (India) Private Limited
ITAT: Rejects Revenue’s attempt to re-characterize BPO assessee’s profile already accepted by TPO
- In Favour of Both, Partially
- Citation Number : TS-283-ITAT-2018(HYD)-TP
- Tax Payer : Progressive Digital Media Private Limited
ITAT:Deletes penalty; Comparables selection, an objective exercise, cannot amount to material facts concealment
- In Favour of Assessee
- Citation Number : TS-282-ITAT-2018(DEL)-TP
- Tax Payer : Sequence Design (I) Pvt Ltd
ITAT: Excludes 4 companies from comparable list noting functional dissimilarity, follows precedents
- In Favour of Both, Partially
- Citation Number : TS-281-ITAT-2018(PUN)-TP
- Tax Payer : PubMatic India Private Limited
ITAT: Upholds TNMM over assessee’s CUP for benchmarking software services, follows earlier order
- In Favour of Both, Partially
- Citation Number : TS-280-ITAT-2018(Bang)-TP
- Tax Payer : Mercedes Benz Research & Development India P Ltd
ITAT: Doubtful debt provision, operating in nature if closely linked to business operations
- In Favour of Both, Partially
- Citation Number : TS-279-ITAT-2018(Bang)-TP
- Tax Payer : Capco Technologies P Ltd
ITAT:Upholds Sec 10A deduction claim on voluntary TP-adjustment; Follows iGate ruling
- In Favour of Assessee
- Citation Number : TS-278-ITAT-2018(DEL)-TP
- Tax Payer : GS Engineering & Construction India Pvt. Ltd
ITAT:Rejects Panasonic Corporation’s stay absent prima-facie case on TP-issues or financial constraints
- In Favour of Revenue
- Citation Number : TS-277-ITAT-2018(CHNY)-TP
- Tax Payer : Panasonic Corporation
HC: Upholds 4 comparables exclusion in IT & ITeS segments; Admits appeal on Bodhtree comparability
- In Favour of Both, Partially
- Citation Number : TS-276-HC-2018(BOM)-TP
- Tax Payer : PTC Software (I) Pvt Ltd