Updates ( 9077 results )

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ITAT: Excludes comparable owning intangibles, developing software products; First Advantage ruling relied

  • In Favour of Assessee
  • Citation Number : TS-495-ITAT-2015(Bang)-TP
  • Tax Payer : AMD India Private Ltd

ITAT: Rejects CIT (A)’s ‘arbitrary’ modification of 25% employee-cost filter

  • In Favour of Assessee
  • Citation Number : TS-494-ITAT-2015(Bang)-TP
  • Tax Payer : ACI Worldwide Solutions Pvt Ltd

ITAT: Excludes comparables following precedents; Upholds concealment penalty deletion following Reliance Petro-product ruling

  • In Favour of Assessee
  • Citation Number : TS-493-ITAT-2015(HYD)-TP
  • Tax Payer : United Online Software Development (India) Pvt Ltd

ITAT: Excludes ‘Accentia’, includes ‘Microland’ as comparables for ITES segment; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-485-ITAT-2015(Bang)-TP
  • Tax Payer : ISG Novasoft Technologies Ltd

ITAT: Cannot selectively exclude low turnover comparable - 'CG Vak', absent turnover filter application

  • In Favour of Assessee
  • Citation Number : TS-483-ITAT-2015(Mum)-TP
  • Tax Payer : Ness Technologies (India) Pvt Ltd

ITAT: Excludes 2 functionally dissimilar companies to R&D provider assessee in Agro-chemical industry

  • In Favour of Assessee
  • Citation Number : TS-480-ITAT-2015(Bang)-TP
  • Tax Payer : FMC India Pvt Ltd

ITAT: Excludes 11 out of 20 comparables chosen by TPO; Grants working-capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-472-ITAT-2015(Bang)-TP
  • Tax Payer : Apigee Technologies (India) Pvt Ltd

ITAT:Deletes TP-adjustment on machinery sale; Resultant transaction loss no reason to disregard CUP

  • In Favour of Assessee
  • Citation Number : TS-470-ITAT-2015(Mum)-TP
  • Tax Payer : Perma Pipe India Pvt Ltd

ITAT:Allows RPM for consumer durables import transaction, remits issue following earlier order

  • In Favour of Assessee
  • Citation Number : TS-469-ITAT-2015(Bang)-TP
  • Tax Payer : Sanyo India P Ltd

ITAT: Upholds CIT(A)’s exclusion of 2 comparables having different financial year ending

  • In Favour of Assessee
  • Citation Number : TS-468-ITAT-2015(Bang)-TP
  • Tax Payer : Electronics for Imaging India P Ltd

ITAT: Insignificant 'other income' cannot affect operational margins of comparable; Directs inclusion

  • In Favour of Assessee
  • Citation Number : TS-466-ITAT-2015(Bang)-TP
  • Tax Payer : ARM Embedded Technologies P. Ltd

ITAT: Motilal Oswal incomparable to assessee providing non-binding advisory services, follows Carlyle ruling

  • In Favour of Assessee
  • Citation Number : TS-465-ITAT-2015(Mum)-TP
  • Tax Payer : Lehman Brothers Advisers Private Limited

ITAT:Excludes comparable; Functional dissimilarity, profit margin variation clearly demonstrated in current year

  • In Favour of Assessee
  • Citation Number : TS-464-ITAT-2015(Mum)-TP
  • Tax Payer : NYK Line (India) Ltd

ITAT: Accepts LIBOR+2% as interest-rate benchmark & 0.5% as arm’s length corporate-guarantee rate

  • In Favour of Assessee
  • Citation Number : TS-463-ITAT-2015(Mum)-TP
  • Tax Payer : Manugraph India Ltd

ITAT: Allows additional ground of excluding 14 comparables considering SB's Quark ruling

  • In Favour of Assessee
  • Citation Number : TS-462-ITAT-2015(Bang)-TP
  • Tax Payer : Radisys India P Ltd

ITAT: Allows working capital adjustment for software services, negative / positive outcome irrelevant

  • In Favour of Assessee
  • Citation Number : TS-461-ITAT-2015(Bang)-TP
  • Tax Payer : Software AG Bangalore Technologies Pvt Ltd

ITAT:Upholds TP adjustment deletion; Assessee's profit margin unchanged without export incentive adjustment

  • In Favour of Assessee
  • Citation Number : TS-460-ITAT-2015(LKW)-TP
  • Tax Payer : Super House Ltd

ITAT: Rejects PLR as interest benchmark for AE-loan; Follows Tata-Autocomp as issue identical

  • In Favour of Assessee
  • Citation Number : TS-457-ITAT-2015(PUN)-TP
  • Tax Payer : Varroc Engineering Pvt Ltd

ITAT:Reiterates AMP ‘functions’ to be mandatorily examined with comparables, follows Sony-HC ratio

  • In Favour of Both, Partially
  • Citation Number : TS-456-ITAT-2015(DEL)-TP
  • Tax Payer : Nikon India (Pvt) Ltd

ITAT: Accepts internal TNMM for benchmarking software development services; Non-AE transactions functionally similar

  • In Favour of Assessee
  • Citation Number : TS-455-ITAT-2015(Bang)-TP
  • Tax Payer : Valtech India Systems P Ltd