Updates ( 9073 results )
ITAT: Quashes assessment as AO skipped TPO-reference; Remits matter following Carrier Race ruling
- In Favour of Assessee
- Citation Number : TS-935-ITAT-2017(Mum)-TP
- Tax Payer : Bericap India Pvt Ltd
ITAT: Multiple-year data cannot be used as matter of right; Upholds TP-adjustment deletion
- In Favour of Assessee
- Citation Number : TS-934-ITAT-2017(Bang)-TP
- Tax Payer : Softbrands India Pvt Ltd (Now INfore Banga-lore Pvt Ltd)
ITAT: Upholds aggregation approach for assessee’s manufacturing activity; Follows earlier year order
- In Favour of Assessee
- Citation Number : TS-933-ITAT-2017(PUN)-TP
- Tax Payer : Cummins India Limited
ITAT: Stresses on relevance/importance of onsite-revenue filter; Directs application to all comparables
- In Favour of Revenue
- Citation Number : TS-932-ITAT-2017(Bang)-TP
- Tax Payer : Broadcom Communication Technologies Pvt Ltd
SC: Admits Revenue’s SLP on AMP-adjustment; Tags appeal with assessee’s own case
- In Favour of Revenue
- Citation Number : TS-931-SC-2017-TP
- Tax Payer : Honda Siel Power Product Ltd
ITAT: Remits ALP determination of exports to AE & royalty payment; Follows earlier order
- In Favour of Both, Partially
- Citation Number : TS-929-ITAT-2017(Mum)-TP
- Tax Payer : Chiron Behring Vaccines Pvt Ltd
ITAT: Adopts TNMM as MAM for royalty following earlier order; Remits ALP-determination
- In Favour of Assessee
- Citation Number : TS-928-ITAT-2017(HYD)-TP
- Tax Payer : Euroflex Transmission (India) Pvt Ltd
ITAT: Yardsticks cannot differ for same tested-party; Adopts 6% ALP for all AE-loans
- In Favour of Assessee
- Citation Number : TS-926-ITAT-2017(DEL)-TP
- Tax Payer : House of Pearl Fashions Limited
ITAT:Holds reimbursement of arbitration payment on AE’s behalf not part of cost base
- In Favour of Assessee
- Citation Number : TS-924-ITAT-2017(DEL)-TP
- Tax Payer : Hyundai Rotem Company
ITAT: Applies Delhi-HC’s Chryscapital ruling over Bombay-HC in Pentair; Remits all comparables
- In Favour of Assessee
- Citation Number : TS-923-ITAT-2017(Bang)-TP
- Tax Payer : IGEFI Software India Pvt Ltd
ITAT: Grants conditional stay; Entity level TP-adjustment contrary to Firestone HC-ruling ratio
- In Favour of Assessee
- Citation Number : TS-922-ITAT-2017(Mum)-TP
- Tax Payer : Owens-Corning (India) Pvt Ltd
ITAT: Deletes TP-adjustment on share issue; Accepts assessee’s 1% as guarantee fee ALP
- In Favour of Assessee
- Citation Number : TS-921-ITAT-2017(Kol)-TP
- Tax Payer : TCG Lifesciences Pvt Ltd
ITAT: Rules on comparables selection for software developer for AYs 2009-10, 2011-12; Follows precedents
- In Favour of Both, Partially
- Citation Number : TS-920-ITAT-2017(Bang)-TP
- Tax Payer : Sterling Commerce Solutions India Pvt Ltd
HC: Reduces partial demand payment; Revenue not prejudiced if payment awaits ITAT’s final-decision
- In Favour of Assessee
- Citation Number : TS-919-HC-2017(KAR)-TP
- Tax Payer : Kaypee Electronics & Associates Pvt Ltd
HC: Stays ITAT-order directing Rs.50 lakhs payment on demand arising due to AMP-adjustment
- In Favour of Assessee
- Citation Number : TS-918-HC-2017(DEL)-TP
- Tax Payer : Casio India Company Pvt Ltd
ITAT: Excludes Kals, Bodhtree for software developer; Follows Cisco Systems ruling
- In Favour of Assessee
- Citation Number : TS-917-ITAT-2017(Bang)-TP
- Tax Payer : Sling Media Pvt Ltd
ITAT: Dismisses assessee’s miscellaneous petition absent specific ground in appeal for comparable exclusion
- In Favour of Both, Partially
- Citation Number : TS-916-ITAT-2017(Bang)-TP
- Tax Payer : AOL Online India P Ltd
ITAT: Remits issue of adopting quotation prices as CUP to follow Adani Wilmar HC-ratio
- In Favour of Assessee
- Citation Number : TS-915-ITAT-2017(Bang)-TP
- Tax Payer : British Engines (India) Pvt Ltd
ITAT: Rules on comparables in IT/ITES segments; Cites Safe-Harbour for KPO, BPO services differentiation
- In Favour of Assessee
- Citation Number : TS-914-ITAT-2017(PUN)-TP
- Tax Payer : PTC Software (India) Pvt Ltd
ITAT: Upholds assessment order despite DRP’s non-admission of assessee’s objections; Follows Inno Estates ruling
- In Favour of Assessee
- Citation Number : TS-912-ITAT-2017(HYD)-TP
- Tax Payer : Gameloft Software Private Limited