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ITAT: Captive service provider can't claim capacity under-utilization, denies adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-643-ITAT-2015(DEL)-TP
  • Tax Payer : ION Trading India Private Ltd

ITAT: ALP cannot exceed price recovered from third-parties for services, follows Global-Vantedge ruling

  • In Favour of Assessee
  • Citation Number : TS-642-ITAT-2015(DEL)-TP
  • Tax Payer : Interra Infotech (India) Pvt Ltd

ITAT: Excludes 8 comparables for BPO-service provider, accepts 17.85% margin subject to TPO-verification

  • In Favour of Assessee
  • Citation Number : TS-641-ITAT-2015(Bang)-TP
  • Tax Payer : Flextronics Technologies India Pvt Ltd

ITAT: Deletes TP adjustment; Excludes comparables for investment advisory services citing functional differences

  • In Favour of Assessee
  • Citation Number : TS-639-ITAT-2015(Mum)-TP
  • Tax Payer : Carlyle India Advisors Private Limited

ITAT: Excludes functionally dissimilar comparables for ITeS-provider; Allows capacity under-utilization adjustment

  • In Favour of Assessee
  • Citation Number : TS-637-ITAT-2015(Bang)-TP
  • Tax Payer : Genesis Integrating Systems (Ind) Pvt Ltd

ITAT: Software service-provider different from product company, excludes 3 comparables

  • In Favour of Assessee
  • Citation Number : TS-636-ITAT-2015(PUN)-TP
  • Tax Payer : Starent Networks (India) Private Limited

ITAT: Excludes 11 comparables functionally different from software development; Remits negative working-capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-635-ITAT-2015(HYD)-TP
  • Tax Payer : Intoto Software India P Ltd

ITAT: Rejects TPO/DRP's 'confused' characterization of assessee as independent / routine distributor, remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-634-ITAT-2015(CHNY)-TP
  • Tax Payer : Roca Bathroom Products Pvt Ltd

ITAT:Remits e-Infochips for verifying segmental data availability & ‘amalgamation’ status on MCA-website

  • In Favour of Assessee
  • Citation Number : TS-633-ITAT-2015(HYD)-TP
  • Tax Payer : Virtusa India P Ltd

ITAT: Excludes 4 comparables for BPO-service provider; Holds forex-gain as operating in nature

  • In Favour of Both, Partially
  • Citation Number : TS-632-ITAT-2015(Bang)-TP
  • Tax Payer : E4E Business Solutions India Pvt Ltd

ITAT: Restricts TP-adjustment only to AE-transactions; Remits 2 companies’ comparability for de-novo examination

  • In Favour of Both, Partially
  • Citation Number : TS-630-ITAT-2015(Mum)-TP
  • Tax Payer : Maine Global Enterprises Pvt Ltd

ITAT: Rejects assessee & Revenue’s inconsistent stand in comparables selection, remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-628-ITAT-2015(DEL)-TP
  • Tax Payer : Doosan Power Systems India Pvt Ltd

ITAT:Internal comparables preferred over external comparables; Remits ALP-computation of AE-exports

  • In Favour of Assessee
  • Citation Number : TS-623-ITAT-2015(DEL)-TP
  • Tax Payer : Inslico Ltd

ITAT: Excludes 9 comparables for assessee providing software design & development services

  • In Favour of Both, Partially
  • Citation Number : TS-617-ITAT-2015(Bang)-TP
  • Tax Payer : VeriSign Services India Pvt Ltd

ITAT: Functional test key for comparables selection; Excludes 3 companies for marketing service-provider

  • In Favour of Assessee
  • Citation Number : TS-616-ITAT-2015(DEL)-TP
  • Tax Payer : Rolls-Royce India Pvt Ltd

ITAT: Remits TP-adjustment for verification of distributor's AMP functions; Selling expenses excludible

  • In Favour of Both, Partially
  • Citation Number : TS-615-ITAT-2015(DEL)-TP
  • Tax Payer : Discovery Communications India

ITAT: Allows assessee's miscellaneous petition seeking correction of typographical error in comparables' name

  • In Favour of Assessee
  • Citation Number : TS-614-ITAT-2015(Bang)-TP
  • Tax Payer : Kodiak Networks (I) P Ltd

ITAT: Grants Rs 7.72 cr stay as assessee already paid 40% of demand

  • In Favour of Assessee
  • Citation Number : TS-613-ITAT-2015(Bang)-TP
  • Tax Payer : Page Industries Ltd

HC:TP-adjustment to be restricted only to AE-transactions, follows Tara Jewels ruling

  • In Favour of Assessee
  • Citation Number : TS-610-HC-2015(BOM)-TP
  • Tax Payer : Ratilal Becharlal & Sons

ITAT: Holds software development service transaction with 8 margin to be at ALP

  • In Favour of Assessee
  • Citation Number : TS-609-ITAT-2015(Bang)-TP
  • Tax Payer : Support.com India Private Ltd