Updates ( 9016 results )

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ITAT: Rules against Benetton India; Upholds adjustment qua reimbursement of consultancy expenses

  • In Favour of Revenue
  • Citation Number : TS-476-ITAT-2024(DEL)-TP
  • Tax Payer : Benetton India Pvt. Ltd

ITAT: Considers amount payable to AE for adjustment; Adopts LIBOR +200 as interest rate for receivables

  • In Favour of Assessee
  • Citation Number : TS-477-ITAT-2024(HYD)-TP
  • Tax Payer : SGB Brandsafway Private Limited

ITAT: Holds no separate benchmarking of royalty payment required; Follows Assessee’s earlier order

  • In Favour of Assessee
  • Citation Number : TS-473-ITAT-2024(Bang)-TP
  • Tax Payer : Toyota Kirloskar Motor P. Ltd

ITAT: Remits TP-adjustment w.r.t write-off of advances, comparables' selection, outstanding receivables, etc

  • In Favour of Both, Partially
  • Citation Number : TS-474-ITAT-2024(COCH)-TP
  • Tax Payer : US Technology International Pvt Ltd

ITAT: Deletes TP-adjustments w.r.t sale of 'call option', purchase of business, interest on CCDs

  • In Favour of Assessee
  • Citation Number : TS-471-ITAT-2024(Mum)-TP
  • Tax Payer : Indorama Ventures Oxides Ankleshwar Private Limited

ITAT: Adopts 0.50% over TPO’s 1.9% as corporate guarantee commission; Deletes adjustment

  • In Favour of Assessee
  • Citation Number : TS-472-ITAT-2024(VIZ)-TP
  • Tax Payer : 3F Industries Limited

ITAT: Finds no error in CIT(A)’s deletion of Sec.271G-penalty for diamond merchant

  • In Favour of Assessee
  • Citation Number : TS-469-ITAT-2024(Mum)-TP
  • Tax Payer : Parishi Diamonds

ITAT: Holds assessment order u/s.143(3) r.w.s. 144C(3) as time-barred, follows JP Morgan Chase’s case

  • In Favour of Assessee
  • Citation Number : TS-470-ITAT-2024(CHNY)-TP
  • Tax Payer : Dalmia Cement (Bharat) Limited

ITAT: Finds no infirmity in CIT(A) following binding precedent to delete Sec.271G-penalty

  • In Favour of Assessee
  • Citation Number : TS-467-ITAT-2024(Mum)-TP
  • Tax Payer : Blue Star Diamonds Pvt Ltd

ITAT: Deletes payment of service fees adjustment; Grants working capital adjustment for software/marketing support services

  • In Favour of Assessee
  • Citation Number : TS-468-ITAT-2024(Mum)-TP
  • Tax Payer : Red Hat India Private Limited

ITAT: PCIT had no jurisdiction to revise TPO's order; Quashes Sec.263-order for Amazon India

  • In Favour of Assessee
  • Citation Number : TS-463-ITAT-2024(DEL)-TP
  • Tax Payer : Amazon Web Services India Private Limited

ITAT: Remits adjustments qua brand-royalty payment and expense reimbursement for Vodafone India

  • In Favour of Assessee
  • Citation Number : TS-465-ITAT-2024(Mum)-TP
  • Tax Payer : Vodafone India Limited

ITAT: Quashes PCIT’s revisionary order; AO's order not erroneous absent fresh TPO-reference

  • In Favour of Assessee
  • Citation Number : TS-461-ITAT-2024(DEL)-TP
  • Tax Payer : Tinna Trade Ltd

ITAT: Invalidates TPO-reference, considers SDT-definition & omission of Sec.92BA(i)

  • In Favour of Assessee
  • Citation Number : TS-462-ITAT-2024(CHANDI)-TP
  • Tax Payer : Saraswati Agro Chemicals (India) Pvt Ltd

ITAT: Excludes 4 comparables with different FAR; Treats forex loss/gain as non-operating income

  • In Favour of Both, Partially
  • Citation Number : TS-459-ITAT-2024(DEL)-TP
  • Tax Payer : Rio Tinto India Pvt Ltd

ITAT: Deletes TP-adjustments for transfer of electricity/steam; Follows Assessee’s earlier order

  • In Favour of Assessee
  • Citation Number : TS-460-ITAT-2024(CHANDI)-TP
  • Tax Payer : Vardhman Textiles Limited

ITAT: Distinguishes Assessee’s earlier cases on corporate guarantee as international transaction; Upholds Redington

  • In Favour of Assessee
  • Citation Number : TS-458-ITAT-2024(Kol)-TP
  • Tax Payer : Graphite India Ltd

ITAT: Applies corporate guarantee fee @ 0.5% as against TPO's 2%, follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-457-ITAT-2024(Kol)-TP
  • Tax Payer : Tata Consumer Products Limited

ITAT: CIT(A) rightly directed AO/TPO to grant risk-adjustment in accordance with Tribunal’s earlier directions

  • In Favour of Assessee
  • Citation Number : TS-454-ITAT-2024(DEL)-TP
  • Tax Payer : Hyundai Rotem Company-Indian Project Offices

ITAT: SDT-adjustment not permissible after omitting Sec.92BA(i), declines Revenue's request to constitute SB

  • In Favour of Assessee
  • Citation Number : TS-456-ITAT-2024(DEL)-TP
  • Tax Payer : DLF Midtown P Ltd