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ITAT: Excludes comparable with high turnover, functional differences; Rejects upper-cap on working-capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-660-ITAT-2015(Bang)-TP
  • Tax Payer : Moog Controls India P Ltd

ITAT: Admits additional-ground for excluding functionally different comparable, as similar companies already rejected

  • In Favour of Both, Partially
  • Citation Number : TS-659-ITAT-2015(Mum)-TP
  • Tax Payer : Tevapharm India Private Limited

ITAT: Deletes Rs 4.54 crores TP-adjustment following earlier order; Benefit from AE-services duly demonstrated

  • In Favour of Assessee
  • Citation Number : TS-657-ITAT-2015(JPR)-TP
  • Tax Payer : Gillete India Ltd

ITAT:Remits ALP-determination of R&D services to consider audited financials for comparables

  • In Favour of Both, Partially
  • Citation Number : TS-17-ITAT-2016(DEL)-TP
  • Tax Payer : Schneider Electric India P Ltd

ITAT: Excludes 3 comparables for insurance claim processing service provider; KPO-service provider incomparable

  • In Favour of Assessee
  • Citation Number : TS-656-ITAT-2015(Mum)-TP
  • Tax Payer : Willis Processing Services (India) Private Limited

ITAT: Excludes Saket-Projects as functionally incomparable absent Revenue's rebuttal against unreliable segmental details

  • In Favour of Assessee
  • Citation Number : TS-16-ITAT-2016(DEL)-TP
  • Tax Payer : Qualcomm India Pvt Ltd

ITAT: Allows additional evidence admission following co-ordinate bench ruling, remits TP-issue

  • In Favour of Both, Partially
  • Citation Number : TS-15-ITAT-2016(DEL)-TP
  • Tax Payer : Flextronics Software Systems Ltd

ITAT: Confirms TP adjustment deletion; TPO erred in selecting AE as tested party

  • In Favour of Assessee
  • Citation Number : TS-655-ITAT-2015(PUN)-TP
  • Tax Payer : Semco Electric P Ltd

ITAT: Revenue must justify grounds for comparable exclusion, CIT(A)’s functional-similarity finding unassailed

  • In Favour of Assessee
  • Citation Number : TS-14-ITAT-2016(DEL)-TP
  • Tax Payer : Nortel Networks India Pvt Ltd

ITAT:Grants partial stay; Department to produce relevant record addressing limitation issue

  • In Favour of Both, Partially
  • Citation Number : TS-654-ITAT-2015(Bang)-TP
  • Tax Payer : Autoliv India Pvt Ltd

ITAT: Admits additional ground contesting comparable having RPT above accepted limits, remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-652-ITAT-2015(Mum)-TP
  • Tax Payer : Symantec Software Solutions Private Limited

ITAT: Sets aside DRP's order passed without considering assessee's detailed objections/submissions

  • In Favour of Both, Partially
  • Citation Number : TS-11-ITAT-2016(DEL)-TP
  • Tax Payer : Glencore India Pvt Ltd

ITAT: Directs AO to use TNMM to benchmark AE-exports, following mechanism under TP-provisions

  • In Favour of Both, Partially
  • Citation Number : TS-650-ITAT-2015(Mum)-TP
  • Tax Payer : Strides Arcolab Ltd

ITAT: Remits corporate services payment transaction; Directs DRP to pass speaking & reasoned order

  • In Favour of Assessee
  • Citation Number : TS-649-ITAT-2015(Mum)-TP
  • Tax Payer : Huntsman International (India) Private Limited

ITAT: Directs examination of extraordinary event for Quintegra Solutions, excludes functionally dissimilar companies 

  • In Favour of Both, Partially
  • Citation Number : TS-6-ITAT-2016(CHNY)-TP
  • Tax Payer : Kumaran Systems P. Ltd.

ITAT: Deletes TP-adjustment, Prefers TNMM over CUP method following earlier order 

  • In Favour of Assessee
  • Citation Number : TS-5-ITAT-2016(Ahd)-TP
  • Tax Payer : Dishman Pharmaceuticals & Chemicals Ltd

ITAT: Excludes 4 functionally dissimilar comparables for contract IT/ITeS provider, follows Pegasystems ruling

  • In Favour of Assessee
  • Citation Number : TS-4-ITAT-2016(HYD)-TP
  • Tax Payer : Parexel International (India) P Limited

ITAT: Rules on comparables selection, working-capital adjustment for SIM-card manufacturer, follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-648-ITAT-2015(Mum)-TP
  • Tax Payer : Syscom Corporation Limited

ITAT: Rejects Miscellaneous Application for replacing word 'internal-CUP' with 'internal comparables' since issue remitted

  • In Favour of Both, Partially
  • Citation Number : TS-646-ITAT-2015(HYD)-TP
  • Tax Payer : Mylan Laboratories Ltd

ITAT: Accepts assessee’s LIBOR+25bps rate as interest benchmark for AE-loan, follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-645-ITAT-2015(Bang)-TP
  • Tax Payer : Sami Labs Ltd