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ITAT:Restores for verification of TP applicability; Form 3CEB filed as abundant caution

  • In Favour of Assessee
  • Citation Number : TS-444-ITAT-2014(Mum)-TP
  • Tax Payer : M/s Exquisite Jewellery

ITAT: 'Tata Elxsi', a specialized embedded-software service-provider, incomparable to pure software service-developer assessee

  • In Favour of Assessee
  • Citation Number : TS-443-ITAT-2014(HYD)-TP
  • Tax Payer : Adaptech India (P) Ltd.

ITAT:Upholds CUP for freight-forwarding service-provider, follows earlier AY ruling for Toll Global

  • In Favour of Assessee
  • Citation Number : TS-442-ITAT-2014(DEL)-TP
  • Tax Payer : Toll Global Forwarding India Pvt Ltd

ITAT:Denies stay on demand, Sap Labs defaulted in paying first installment

  • In Favour of Revenue
  • Citation Number : TS-438-ITAT-2014(Bang)-TP
  • Tax Payer : SAP Labs India Private Limited

ITAT:Grants stay on outstanding demand to Kaybee on condition of part payment

  • In Favour of Both, Partially
  • Citation Number : TS-437-ITAT-2014(Mum)-TP
  • Tax Payer : Kaybee Private Limited

ITAT: Allows assessee's additional ground to allow +/-5% benefit for AY 2004-05

  • In Favour of Assessee
  • Citation Number : TS-436-ITAT-2014(Mum)-TP
  • Tax Payer : Kodak India Pvt Ltd

ITAT: Excludes ‘Bodhtree Consulting’ (OP/TC 62.23) developing software products with no segment break-up

  • In Favour of Assessee
  • Citation Number : TS-435-ITAT-2014(Bang)-TP
  • Tax Payer : Softtek India Pvt. Ltd.

ITAT: TPO cannot re-work cost on estimation basis when assessee maintained separate segmental accounts

  • In Favour of Assessee
  • Citation Number : TS-433-ITAT-2014(HYD)-TP
  • Tax Payer : Tecumseh Products India P. Ltd.

ITAT: Excludes companies developing proprietary software products and owning intangibles

  • In Favour of Assessee
  • Citation Number : TS-427-ITAT-2014(Bang)-TP
  • Tax Payer : NXP Semiconductors India Pvt. Ltd.

ITAT: Companies with 50 times turnover not suitable comparables

  • In Favour of Assessee
  • Citation Number : TS-425-ITAT-2014(DEL)-TP
  • Tax Payer : Pyramid IT Consulting Pvt. Ltd.

ITAT: Accepts taxpayer (engaged in printing inks) claim, 2 companies comparable following ITAT order

  • In Favour of Assessee
  • Citation Number : TS-419-ITAT-2014(JPR)-TP
  • Tax Payer : Sankata Inx (India) Ltd.

ITAT: Excludes company with different business model & involving amalgamation, follows HSBC Electronic ruling

  • In Favour of Assessee
  • Citation Number : TS-418-ITAT-2014(HYD)-TP
  • Tax Payer : Brigade Global Services Pvt. Ltd

ITAT: Restores selection of most appropriate method for software service provider, follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-416-ITAT-2014(Mum)-TP
  • Tax Payer : Trigyn Technologies Ltd

ITAT: Extraordinary events like merger/acquisition, financial irregularities by directors shatters comparability, upholds exclusion

  • In Favour of Both, Partially
  • Citation Number : TS-413-ITAT-2014(DEL)-TP
  • Tax Payer : Calibrated Healthcare Systems India Pvt. Ltd

ITAT: High-end KPO services not comparable to routine ITES, recognises skill variations

  • In Favour of Assessee
  • Citation Number : TS-412-ITAT-2014(HYD)-TP
  • Tax Payer : Flagstone Underwriting Support Services India P. Ltd.

ITAT:Directs TPO to re-examine royalty payment benchmarking considering coordinate bench rulings 

  • In Favour of Assessee
  • Citation Number : TS-411-ITAT-2014(DEL)-TP
  • Tax Payer : Munjal Showa Limited

ITAT:Revenue cannot ignore updated comparable data available at time of assessment proceedings

  • In Favour of Assessee
  • Citation Number : TS-410-ITAT-2014(DEL)-TP
  • Tax Payer : I.M. Technologies

ITAT: Holds CIT(A)’s additional evidence acceptance without seeking TPO’s comments, violation of Rule 46A

  • In Favour of Both, Partially
  • Citation Number : TS-407-ITAT-2014(DEL)-TP
  • Tax Payer : Convergys India Service (P) Ltd.

ITAT: Upholds CIT(A) order, substituting correct margin not admission of additional evidence

  • In Favour of Assessee
  • Citation Number : TS-406-ITAT-2014(DEL)-TP
  • Tax Payer : Convergys India Service (P) Ltd

HC:Allows writ following Vodafone IV ruling, no income arises on issue of shares

  • In Favour of Assessee
  • Citation Number : TS-402-HC-2014(BOM)-TP
  • Tax Payer : Essar Power Ltd.