Updates ( 9077 results )
ITAT: Allows working capital adjustment considering DRP’s directions for subsequent AY
- In Favour of Assessee
- Citation Number : TS-230-ITAT-2016(DEL)-TP
- Tax Payer : Tata McGraw Hill Education
ITAT: Excludes 3 comparables having abnormal turnover; Relies on co-ordinate bench rulings
- In Favour of Assessee
- Citation Number : TS-229-ITAT-2016(HYD)-TP
- Tax Payer : United States Pharmacopeia India Pvt Ltd
ITAT: Adopts 0.5% ALP commission rate for corporate guarantee; Follows Everest Kento HC ruling
- In Favour of Assessee
- Citation Number : TS-227-ITAT-2016(Mum)-TP
- Tax Payer : Thomas Cook (India) Limited
ITAT: Upholds nearest-date approach for benchmarking import transactions under CUP; Deletes TP adjustments
- In Favour of Assessee
- Citation Number : TS-225-ITAT-2016(Mum)-TP
- Tax Payer : Petrochem Middle East India Pvt Ltd
ITAT: Excludes comparables citing functional differences, high-end services and extra-ordinary events like acquisitions
- In Favour of Assessee
- Citation Number : TS-224-ITAT-2016(DEL)-TP
- Tax Payer : Vertex Customer Services India Pvt Ltd
HC:Upholds ITAT's 'possible view' on selection of comparables for business support services
- In Favour of Both, Partially
- Citation Number : TS-223-HC-2016(BOM)-TP
- Tax Payer : Goldman Sachs (India) Securities Pvt Ltd
ITAT: Adopts 0.5% as commission rate ALP for corporate guarantee; Follows precedents
- In Favour of Assessee
- Citation Number : TS-222-ITAT-2016(Mum)-TP
- Tax Payer : Godrej Consumer Products Ltd
ITAT: Considers forex gains as operating income, follows precedents; Goldstone Technologies inappropriate comparable
- In Favour of Assessee
- Citation Number : TS-221-ITAT-2016(DEL)-TP
- Tax Payer : NEC Technologies India Ltd
ITAT: Includes comparable despite loss in subject-AY as functionally comparable; Follows Goldman-Sachs HC-ruling
- In Favour of Assessee
- Citation Number : TS-220-ITAT-2016(Mum)-TP
- Tax Payer : Siemens Technology Services Pvt Ltd
ITAT: Remits selection of MAM for software developer; Follows earlier year orders
- In Favour of Both, Partially
- Citation Number : TS-217-ITAT-2016(Mum)-TP
- Tax Payer : Trigyn Technologies Limited
HC: Upholds adjustment deletion; TPO failed to justify how royalty payment was unnecessary
- In Favour of Assessee
- Citation Number : TS-671-HC-2015(DEL)-TP
- Tax Payer : Lumax Industries Ltd
ITAT: Deletes TP-adjustment on royalty; Follows jurisdictional HC-ruling in own case
- In Favour of Assessee
- Citation Number : TS-215-ITAT-2016(DEL)-TP
- Tax Payer : Lumax Industries Ltd
ITAT: Deletes TP-adjustment, interest on AE-loan higher than LIBOR; Follows earlier order
- In Favour of Assessee
- Citation Number : TS-214-ITAT-2016(Mum)-TP
- Tax Payer : Hinduja Global Solutions Ltd
ITAT: Companies having significant brand value & providing KPO services incomparable to assessee-BPO
- In Favour of Assessee
- Citation Number : TS-212-ITAT-2016(HYD)-TP
- Tax Payer : C3i Support Services P Ltd
ITAT: Remits selection of MAM for medical equipment trading transaction; Follows earlier order
- In Favour of Assessee
- Citation Number : TS-211-ITAT-2016(HYD)-TP
- Tax Payer : OSI Systems Private Limited
ITAT: Excludes derivative losses from operating expenses of assessee & comparables
- In Favour of Both, Partially
- Citation Number : TS-210-ITAT-2016(PUN)-TP
- Tax Payer : Tasty Bite Eatables Limited
ITAT:Deletes Sec 271G penalty; Revenue not prejudiced by delay in furnishing of information
- In Favour of Assessee
- Citation Number : TS-209-ITAT-2016(DEL)-TP
- Tax Payer : Mayar India Limited
ITAT: Upholds LIBOR+300 as ALP interest rate for loan to AE; Follows earlier-order
- In Favour of Assessee
- Citation Number : TS-208-ITAT-2016(Mum)-TP
- Tax Payer : Firestone International Pvt Ltd
ITAT:Deletes TP-adjustment on royalty payment to AE; Follows jurisdictional HC-ruling in own-case
- In Favour of Assessee
- Citation Number : TS-207-ITAT-2016(DEL)-TP
- Tax Payer : Reebok India Co
ITAT: Confines TP-adjustment to international transactions with AEs; Excludes 2 comparables following earlier-order
- In Favour of Assessee
- Citation Number : TS-206-ITAT-2016(PUN)-TP
- Tax Payer : Visteon Engineering Center (India) Pvt Ltd