Updates ( 9073 results )

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ITAT:Grants conditional stay on demand arising on account of AMP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-165-ITAT-2018(Mum)-TP
  • Tax Payer : Edwards Lifesciences (India) Private Limited

ITAT: Dismisses assessee’s appeal against non-existent draft order proposing TP-adjustment as infructuous

  • In Favour of Revenue
  • Citation Number : TS-164-ITAT-2018(DEL)-TP
  • Tax Payer : Turner International India Pvt Ltd

ITAT: Rules on comparables selection in ITES-segment; Confirms R-Systems, Caliber Point exclusion for following different-FY

  • In Favour of Both, Partially
  • Citation Number : TS-162-ITAT-2018(Bang)-TP
  • Tax Payer : XLHealth Corporation India Pvt Ltd

ITAT: Directs uniform application of filters to all comparables; Remits issue

  • In Favour of Assessee
  • Citation Number : TS-161-ITAT-2018(Bang)-TP
  • Tax Payer : Swiss Re Global Business Solutions India Private Ltd

ITAT:5 tolerance range applicable to arm’s length ‘price’, not ‘profitability’; Remits issue

  • In Favour of Assessee
  • Citation Number : TS-160-ITAT-2018(Mum)-TP
  • Tax Payer : Exedy India Ltd (Formerly known as Ceekay Daikin Limited)

ITAT:Rejects treatment of corporate guarantee as international transaction for AY 2010-11; Follows Reddy-Laboratories

  • In Favour of Assessee
  • Citation Number : TS-159-ITAT-2018(HYD)-TP
  • Tax Payer : Cyient Ltd (Formerly Infotech Enterprises Ltd)

ITAT: Dismisses Volvo India’s appeal on TP-issues in view of MAP-resolution

  • In Favour of Assessee
  • Citation Number : TS-158-ITAT-2018(Bang)-TP
  • Tax Payer : Volvo India Private Limited

ITAT:Stays demand for AY 2010-11 & 2011-12 considering prima facie case in favour of assessee

  • In Favour of Assessee
  • Citation Number : TS-157-ITAT-2018(Kol)-TP
  • Tax Payer : Bothra Shipping Services (currently known a Bothra Shipping Services (P) Ltd)

ITAT:Accepts assessee’s plea to allow working capital adjustment on actuals, remits issue

  • In Favour of Assessee
  • Citation Number : TS-156-ITAT-2018(Bang)-TP
  • Tax Payer : Zyme Solutions Pvt Ltd

ITAT: Considers segmental profitability using man-hour based allocation, notes APA following similar method

  • In Favour of Assessee
  • Citation Number : TS-155-ITAT-2018(PUN)-TP
  • Tax Payer : Tieto IT Services India Pvt Ltd

ITAT:Deletes TP-adjustment on outstanding AE-receivables rejecting TPO’s re-characterization as loan; Follows Kadimi-ruling

  • In Favour of Assessee
  • Citation Number : TS-154-ITAT-2018(DEL)-TP
  • Tax Payer : Inductis (India) Private Ltd

ITAT:Remits additional evidence admission matter to decide intra-group services TP-issue; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-153-ITAT-2018(PUN)-TP
  • Tax Payer : DSV Air & Sea Private Limited

ITAT: Remits issue of trademark acquisition from AE for fresh consideration

  • In Favour of Assessee
  • Citation Number : TS-152-ITAT-2018(CHNY)-TP
  • Tax Payer : Magic Woods Exports Private Limited

HC: Allows Mercedes-Benz to withdraw appeal challenging ITAT’s confirmation of TPO’s TNMM as MAM

  • In Favour of Assessee
  • Citation Number : TS-151-HC-2018(KAR)-TP
  • Tax Payer : Mercedes-Benz Research & Development India Pvt Ltd

ITAT: Deletes TP-adjustment on royalty; Follows earlier year ITAT-order in assessee's own case

  • In Favour of Assessee
  • Citation Number : TS-150-ITAT-2018(PUN)-TP
  • Tax Payer : Spicer India Private Limited (Formerly known as Spicer India Limited)

ITAT:Quashes assessment on amalgamating company; Follows SC ruling in Spice Enfotainment

  • In Favour of Assessee
  • Citation Number : TS-149-ITAT-2018(PUN)-TP
  • Tax Payer : Akzo Nobel Chemicals (India) Ltd (merged with Akzo Nobel India Limited)

ITAT: Quashes draft assessment order passed along with demand notice; Follows Rehau-Polymers ruling

  • In Favour of Assessee
  • Citation Number : TS-148-ITAT-2018(PUN)-TP
  • Tax Payer : Sandvik Asia Pvt Ltd

ITAT: Extends stay of demand as appeal disposal delay not attributable to assessee

  • In Favour of Assessee
  • Citation Number : TS-142-ITAT-2018(Bang)-TP
  • Tax Payer : The Himalaya Drug Company

ITAT:Grants partial demand stay to Cook India with partial payment of Rs.25 lakhs

  • In Favour of Both, Partially
  • Citation Number : TS-141-ITAT-2018(CHNY)-TP
  • Tax Payer : Cook India Medical Devices Pvt Ltd

ITAT: Remits comparable selection, grant of economic adjustment, tested party selection to AO/TPO

  • In Favour of Assessee
  • Citation Number : TS-140-ITAT-2018(PUN)-TP
  • Tax Payer : NORD Drive systems Private Limited