Updates ( 9077 results )

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ITAT: Confirms CIT(A)’s no adjustment after ALP correction; Notes TPO’s method outside S.92C

  • In Favour of Assessee
  • Citation Number : TS-47-ITAT-2015(PUN)-TP
  • Tax Payer : Crane Process Flow Technologies

ITAT: Follows Trilogy, Yodlee rulings to exclude comparables; Restricts TP adjustment to AE transactions

  • In Favour of Assessee
  • Citation Number : TS-46-ITAT-2015(Bang)-TP
  • Tax Payer : Mindteck (India) Limited

ITAT: Grants stay as comparables covered matter and 50% demand already discharged

  • In Favour of Assessee
  • Citation Number : TS-42-ITAT-2015(Bang)-TP
  • Tax Payer : Infineon Technologies India Pvt Ltd

ITAT: Comparability Exclusions: Bodhtree - differs in revenue recognition; FCS-Software - inconsistent operating profits

  • In Favour of Assessee
  • Citation Number : TS-41-ITAT-2015(PUN)-TP
  • Tax Payer : Barclays Technology Centre India Private Limited

ITAT: AO demands 50% payment, assessee seeks stay for balance; Stay granted

  • In Favour of Both, Partially
  • Citation Number : TS-40-ITAT-2015(Mum)-TP
  • Tax Payer : Strides Arcolab Ltd

ITAT: Follows precedents, excludes 20 out of 26 companies, incomparable to software service-developer

  • In Favour of Assessee
  • Citation Number : TS-39-ITAT-2015(Bang)-TP
  • Tax Payer : Broadcom India Research Private Limited

ITAT: Notes neither party followed procedure u/s 92C for royalty ALP; Matter remanded

  • In Favour of Both, Partially
  • Citation Number : TS-378-ITAT-2013(Mum)-TP
  • Tax Payer : Greaves Cotton Limited

ITAT:S.271G issue no longer res integra; Upholds S.271G-penalty deletion following Cargill ruling

  • In Favour of Assessee
  • Citation Number : TS-377-ITAT-2013(Ahd)-TP
  • Tax Payer : Nikko Resources Limited

ITAT:Upholds TNMM over CUP following earlier order, PBIT similar to uncontrolled enterprises

  • In Favour of Assessee
  • Citation Number : TS-207-ITAT-2010(Ahd)-TP
  • Tax Payer : Schutz Dishman Biotech Pvt Ltd

ITAT: Grants stay for balance, upon payment of 17% approx of the demand

  • In Favour of Assessee
  • Citation Number : TS-826-ITAT-2011(Bang)-TP
  • Tax Payer : Mercedes-Benz Research & Development India Pvt Ltd

ITAT: Deletes adjustment, comparables unavailable for CUP, accepts assessee’s price; Relief on 2nd visit

  • In Favour of Assessee
  • Citation Number : TS-36-ITAT-2015(HYD)-TP
  • Tax Payer : Triniti Advanced Software Labs Pvt Ltd

ITAT: Rejects stay, financial difficulty not demonstrated; However, grants early hearing of appeal

  • In Favour of Revenue
  • Citation Number : TS-35-ITAT-2015(Mum)-TP
  • Tax Payer : Prudential Process Management Services India Pvt Ltd

ITAT: Upholds CIT(A)’s order deleting S.271G penalty, absent notice u/s.92D(3) for alleged default

  • In Favour of Assessee
  • Citation Number : TS-376-ITAT-2013(Mum)-TP
  • Tax Payer : Netsoft India Ltd

ITAT:Comparability: CIT(A) focus functional analysis; ITAT focus product similarity, accepts TPO's conclusions

  • In Favour of Revenue
  • Citation Number : TS-375-ITAT-2013(CHNY)-TP
  • Tax Payer : Hyundai Motor India Ltd

ITAT: Accepts assessee's salary adjustment to operating margin, subject to the extent non-operational

  • In Favour of Both, Partially
  • Citation Number : TS-33-ITAT-2015(HYD)-TP
  • Tax Payer : Planet Online Pvt Ltd

ITAT: Distinguishes Capgemini, profit-turnover relationship not demonstrated; Excludes comparables basis precedents

  • In Favour of Assessee
  • Citation Number : TS-486-ITAT-2014(Bang)-TP
  • Tax Payer : Microchip Technology India Pvt Ltd

ITAT:Grants conditional stay, demand arising from disputed comparables

  • In Favour of Both, Partially
  • Citation Number : TS-31-ITAT-2015(HYD)-TP
  • Tax Payer : Pegasystems Worldwide India Pvt Ltd

ITAT: ‘BHEL’ not comparable, operations and turnover significantly different

  • In Favour of Assessee
  • Citation Number : TS-485-ITAT-2014(Ind)-TP
  • Tax Payer : Andritz Hydro Private Limited

ITAT:Rejects Revenue’s repeated adjournments in stay granted matter; Remits to DRP

  • In Favour of Assessee
  • Citation Number : TS-30-ITAT-2015(Kol)-TP
  • Tax Payer : Philips India Limited

ITAT:Higher than 3rd party rates paid for non-prime-time advertisements; Adjustment valid

  • In Favour of Revenue
  • Citation Number : TS-29-ITAT-2015(Mum)-TP
  • Tax Payer : Media Content & Communications Services (India) Pvt Ltd