Updates ( 9077 results )

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ITAT:Interest on Bank deposits adopted as ALP for loans advanced to subsidiaries 

  • In Favour of Assessee
  • Citation Number : TS-331-ITAT-2013(HYD)-TP
  • Tax Payer : Dr. Reddy’s Laboratories Limited

ITAT: Guarantee commission @ 0.5% appropriate; Follows Nimbus Communications ruling

  • In Favour of Assessee
  • Citation Number : TS-330-ITAT-2013(Mum)-TP
  • Tax Payer : Godrej Household Products Ltd.

ITAT:TPO to consider assessee’s objections on comparables w.r.t derivative/fixed income transactions 

  • In Favour of Assessee
  • Citation Number : TS-328-ITAT-2013(Mum)-TP
  • Tax Payer : Societe Generale

ITAT:Allows volume discount adopting Rule of consistency; Excel Industries ruling followed 

  • In Favour of Both, Partially
  • Citation Number : TS-327-ITAT-2013(Mum)-TP
  • Tax Payer : Clariant Chemicals (India) Ltd.

ITAT:ROCE PLI applies to capital employed in AE exports, not entire capital 

  • In Favour of Assessee
  • Citation Number : TS-326-ITAT-2013(Mum)-TP
  • Tax Payer : Bhansali & Co.

ITAT:Dismisses Revenue's MA against ITAT order; No mistake apparent from record 

  • In Favour of Assessee
  • Citation Number : TS-325-ITAT-2013(CHNY)-TP
  • Tax Payer : Trimex Industries (P) Ltd.

ITAT: Upholds guarantee commission adjustment @ 3% rate, earlier ruling followed

  • In Favour of Assessee
  • Citation Number : TS-324-ITAT-2013(Mum)-TP
  • Tax Payer : Mahindra & Mahindra Limited

ITAT: LIBOR plus percentage points correct methodology for benchmarking interest on loans 

  • In Favour of Assessee
  • Citation Number : TS-323-ITAT-2013(HYD)-TP
  • Tax Payer : Aurobindo Pharma Ltd.

ITAT: Upholds LIBOR based interest rate on loan, Approves majority DRP order 

  • In Favour of Assessee
  • Citation Number : TS-322-ITAT-2013(HYD)-TP
  • Tax Payer : CES Pvt Ltd

ITAT: Upholds ALP for license fee @ 3% of turnover; follows earlier ruling

  • In Favour of Assessee
  • Citation Number : TS-321-ITAT-2013(Mum)-TP
  • Tax Payer : SGS India Pvt. Ltd.

ITAT: Follows Delhi HC; High risk bearing companies like Infosys excluded 

  • In Favour of Assessee
  • Citation Number : TS-312-ITAT-2013(DEL)-TP
  • Tax Payer : Agnity India Technologies Pvt. Ltd.

ITAT: Rejects TPO's action of using data of multiple years for determining ALP 

  • In Favour of Assessee
  • Citation Number : TS-311-ITAT-2013(HYD)-TP
  • Tax Payer : Infotech Enterprises Ltd

ITAT:No concealment penalty when issues leading to higher ALP are debatable issues 

  • In Favour of Assessee
  • Citation Number : TS-310-ITAT-2013(HYD)-TP
  • Tax Payer : ADP Pvt. Ltd.

ITAT: CIT ( A ) to adjudicate grounds on merits as 5% standard deduction not available

  • In Favour of Both, Partially
  • Citation Number : TS-309-ITAT-2013(Mum)-TP
  • Tax Payer : Global Markets Centre Pvt. Ltd.

ITAT: Comparables with extraordinary circumstances, huge turnovers, low employee cost ratio excluded 

  • In Favour of Assessee
  • Citation Number : TS-308-ITAT-2013(HYD)-TP
  • Tax Payer : Avineon India Pvt Ltd

ITAT: Remands Perfetti's AMP adjustment to TPO following LG ruling 

  • In Favour of Assessee
  • Citation Number : TS-305-ITAT-2013(DEL)-TP
  • Tax Payer : Perfetti Van Melle India Pvt. Ltd.

ITAT:LIBOR appropriate for benchmarking loan not domestic PLR; Follows Cotton Natural ruling 

  • In Favour of Assessee
  • Citation Number : TS-304-ITAT-2013(DEL)-TP
  • Tax Payer : Cotton Natural (I) Pvt Ltd

ITAT:Confirms CIT(A) order deleting penalty for non furnishing TP documents 

  • In Favour of Assessee
  • Citation Number : TS-300-ITAT-2013(CHNY)-TP
  • Tax Payer : Transworld Garnet India Pvt. Ltd.

ITAT:Deletes guarantee commission adjustment; External CUP without comparability analysis, rejected 

  • In Favour of Assessee
  • Citation Number : TS-297-ITAT-2013(Mum)-TP
  • Tax Payer : Asian paints Ltd.

ITAT:Management fees / selling commission ALP referred back for readjudication, earlier ruling followed 

  • In Favour of Assessee
  • Citation Number : TS-296-ITAT-2013(Bang)-TP
  • Tax Payer : LM Windpower (I) P. Ltd