Updates ( 9016 results )

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ITAT: Determines corporate guarantee fee at 0.50%, interest on receivables at LIBOR+200 points

  • In Favour of Both, Partially
  • Citation Number : TS-310-ITAT-2024(HYD)-TP
  • Tax Payer : Aurobindo Pharma Ltd.

ITAT: Expenses incurred between the period of AE-agreement termination & closure of business not operating cost

  • In Favour of Assessee
  • Citation Number : TS-306-ITAT-2024(HYD)-TP
  • Tax Payer : Azingo Soft Systems India Private Limited

ITAT: Allows assessee’s appeals as assessments were quashed by earlier order

  • In Favour of Assessee
  • Citation Number : TS-307-ITAT-2024(HYD)-TP
  • Tax Payer : Vivimed Labs Limited

HC: Upholds ITAT-order deleting TP-addition qua IGS-payment & interest on receivables

  • In Favour of Assessee
  • Citation Number : TS-305-HC-2024(DEL)-TP
  • Tax Payer : A T Kearney Limited

ITAT: Holds RPM as MAM for assessee selling goods without value addition, rules on comparables

  • In Favour of Both, Partially
  • Citation Number : TS-303-ITAT-2024(Mum)-TP
  • Tax Payer : Jushi India Fiberglass Private Limited

ITAT: Accepts interest @5.14% on loan taken by assessee, follows rule of consistency

  • In Favour of Assessee
  • Citation Number : TS-304-ITAT-2024(HYD)-TP
  • Tax Payer : Progress Software Development Private Limited

ITAT: Deletes TP adjustment qua payment of guarantee fees; Applies rule of consistency

  • In Favour of Assessee
  • Citation Number : TS-301-ITAT-2024(Ahd)-TP
  • Tax Payer : Bosch Rexroth (India) Ltd

ITAT: Excludes 2 comparables failing turnover filter, remits 3 for verification in SWD segment

  • In Favour of Both, Partially
  • Citation Number : TS-302-ITAT-2024(Bang)-TP
  • Tax Payer : Ribbon Communications Private Limited

ITAT: Electronic products different from electrical ones, directs consideration of comparables dealing in former

  • In Favour of Assessee
  • Citation Number : TS-297-ITAT-2024(Mum)-TP
  • Tax Payer : Advance Power Display Systems Ltd

ITAT: Characterizes assessee as captive SWD-service provider; Excludes comparables citing high-turnover

  • In Favour of Assessee
  • Citation Number : TS-298-ITAT-2024(Bang)-TP
  • Tax Payer : Awave Semiconductor India Pvt Ltd

ITAT: Sets aside TPO’s order and final assessment order as time-barred; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-299-ITAT-2024(Mum)-TP
  • Tax Payer : Capgemini Technology Services India Limited

ITAT: Strikes down AO’s order passed on non-existent company in amalgamation; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-293-ITAT-2024(HYD)-TP
  • Tax Payer : Erstwhile Amalgamating Company Sitapuram Power Limited

ITAT: Excludes comparables basis functional dissimilarity, business segmentation

  • In Favour of Assessee
  • Citation Number : TS-295-ITAT-2024(CHNY)-TP
  • Tax Payer : Sangsin Brakes India Private Limited

ITAT: Directs grant of suitable volume & marketing cost adjustment for Deutsche Equities India

  • In Favour of Both, Partially
  • Citation Number : TS-296-ITAT-2024(Mum)-TP
  • Tax Payer : Deutsche Equities India Private Limited

ITAT: Rejects NIL ALP for consulting charges basis evidence; Rules on guarantee, IGS

  • In Favour of Both, Partially
  • Citation Number : TS-756-ITAT-2023(Ahd)-TP
  • Tax Payer : Bosch Rexroth India Ltd

ITAT: Dismisses TP grounds settled by APA agreements as not pressed

  • In Favour of None/NA
  • Citation Number : TS-289-ITAT-2024(Bang)-TP
  • Tax Payer : Goldman Sachs Services Pvt Ltd

ITAT: Deletes TP adjustment made in respect of corporate guarantee; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-290-ITAT-2024(Mum)-TP
  • Tax Payer : Afcons Infrastructure Ltd

ITAT: Negatives TPO's reliance on US/European loan data for benchmarking interest charged to Bahrain-AE

  • In Favour of Assessee
  • Citation Number : TS-292-ITAT-2024(Ahd)-TP
  • Tax Payer : Elitecore Technologies Pvt Ltd

ITAT: S.144C(1) amendment effective from 01.10.2009; Quashes final order passed sans draft order

  • In Favour of Assessee
  • Citation Number : TS-287-ITAT-2024(DEL)-TP
  • Tax Payer : ADM Agro Industries Kota & Akola P. Ltd

ITAT: Grants Xiaomi stay on demand of Rs.1995Cr & Rs.1736Cr; Rejects 'blanket stay' plea

  • In Favour of Both, Partially
  • Citation Number : TS-288-ITAT-2024(Bang)-TP
  • Tax Payer : Xiaomi Technology India Pvt. Ltd