Updates ( 9079 results )

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ITAT:Merger of functionally similar companies no reason for exclusion of comparable 

  • In Favour of Both, Partially
  • Citation Number : TS-165-ITAT-2013(DEL)-TP
  • Tax Payer : Agilent Technologies International Pvt. Ltd

ITAT:Follows LG; directs exclusion of selling expenses for computing AMP adjustment 

  • In Favour of Both, Partially
  • Citation Number : TS-163-ITAT-2013(DEL)-TP
  • Tax Payer : Sony India Pvt. Ltd.

ITAT:Upholds marketing intangible adjustment; rejects reclassification of exp declared under Advt head 

  • In Favour of Both, Partially
  • Citation Number : TS-162-ITAT-2013(CHNY)-TP
  • Tax Payer : Panasonic Sales & Services India Pvt. Ltd.

ITAT:CUP more appropriate for benchmarking service contracts, when data available 

  • In Favour of Assessee
  • Citation Number : TS-161-ITAT-2013(Mum)-TP
  • Tax Payer : Chemtex Global Engineers Pvt. Ltd

ITAT:Follows Capital IQ rulings; excludes comparable undertaking merger 

  • In Favour of Both, Partially
  • Citation Number : TS-156-ITAT-2013(HYD)-TP
  • Tax Payer : Zavata India Private Limited.

ITAT:Deletes TP addition; margin on AE sale higher than sale to non-AEs 

  • In Favour of Assessee
  • Citation Number : TS-154-ITAT-2013(Mum)-TP
  • Tax Payer : T.Two International Pvt Ltd.

ITAT: TPO must prove 'abnormal loss' before excluding loss making comparables

  • In Favour of Assessee
  • Citation Number : TS-153-ITAT-2013(PUN)-TP
  • Tax Payer : Cummins Turbo Technologies Limited

ITAT:Accepts ALP determination for royalty under TNMM; deletes TP addition 

  • In Favour of Both, Partially
  • Citation Number : TS-152-ITAT-2013(DEL)-TP
  • Tax Payer : Lumax Industries Ltd.

ITAT:Relies on SL Lumax ruling, directs recomputation of ALP for AE imports 

  • In Favour of Assessee
  • Citation Number : TS-151-ITAT-2013(CHNY)-TP
  • Tax Payer : India Japan Lighting P. Ltd.

ITAT:Excludes Infosys & Wipro applying turnover filter; Prefers view more favourable to assessee 

  • In Favour of Assessee
  • Citation Number : TS-150-ITAT-2013(DEL)-TP
  • Tax Payer : Cincom Systems India Pvt Ltd

ITAT: Absence of tax advantage motive does not jeopardize applicability of TP provisions 

  • In Favour of Both, Partially
  • Citation Number : TS-149-ITAT-2013(PUN)-TP
  • Tax Payer : PTC Software (India) Pvt. Ltd.

ITAT:Denies risk adjustment for failure to demonstrate effect on margin 

  • In Favour of Revenue
  • Citation Number : TS-146-ITAT-2013(DEL)-TP
  • Tax Payer : Premier Exploration Services Pvt. Ltd

ITAT:Conditional stay granted for prima facie case on turnover filer   

  • In Favour of Assessee
  • Citation Number : TS-144-ITAT-2013(DEL)-TP
  • Tax Payer : Pyramid IT Consulting Pvt Ltd.

ITAT:Accepts CPM based on domestic transactions over external TNMM 

  • In Favour of Both, Partially
  • Citation Number : TS-143-ITAT-2013(HYD)-TP
  • Tax Payer : Alumeco India Extrusion Ltd. (Formerly known as M/s. Pennar Profiles Ltd.)

ITAT: Comparables rejected basis extraordinary events, functional dissimilarity, RPT; Trilogy and HCL followed 

  • In Favour of Both, Partially
  • Citation Number : TS-141-ITAT-2013(HYD)-TP
  • Tax Payer : Intoto Software India Private Ltd.

ITAT: Rejects turnover filter given assessee's high turnover; excludes comparables undertaking amalgamation/acquisitions 

  • In Favour of Both, Partially
  • Citation Number : TS-140-ITAT-2013(HYD)-TP
  • Tax Payer : Cognizant Technology Services Pvt. Ltd.

ITAT:Additional grounds accepted, ALP determination of purchases from AE branch remitted back 

  • In Favour of Both, Partially
  • Citation Number : TS-139-ITAT-2013(DEL)-TP
  • Tax Payer : Tianjin Tianshi India Private Limited.

ITAT: Admits additional evidence supporting management services; TPO to re-consider issue

  • In Favour of Both, Partially
  • Citation Number : TS-138-ITAT-2013(DEL)-TP
  • Tax Payer : Nippon Leakless Talbros Pvt. Ltd.

ITAT:AO's authorised to determine ALP, when TPO returned back reference to AO 

  • In Favour of Both, Partially
  • Citation Number : TS-137-ITAT-2013(DEL)-TP
  • Tax Payer : UEM India Ltd.

ITAT:Follows Canon & LG, excludes selling expenses from AMP for marketing intangible adjustment 

  • In Favour of Revenue
  • Citation Number : TS-136-ITAT-2013(DEL)-TP
  • Tax Payer : Haier Appliances India (P) Ltd.