Updates ( 9016 results )

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ITAT: Deletes SDT-adjustment citing Sec.92BA(i) omission; Follows SC-rulings on delay condonation

  • In Favour of Assessee
  • Citation Number : TS-677-ITAT-2023(Kol)-TP
  • Tax Payer : L & T Finance Ltd

ITAT: Rejects aggregation of SWD/ITeS segments; Remits matter for fresh consideration

  • In Favour of Both, Partially
  • Citation Number : TS-676-ITAT-2023(Bang)-TP
  • Tax Payer : Huawei Technologies India Pvt Ltd

ITAT: Remits management fee adjustment, rejects assessee’s alternative MAM for goods imported; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-674-ITAT-2023(CHNY)-TP
  • Tax Payer : Gates Unitta India Company Private Limited

ITAT: Dismisses US-AE related issues in light of MAP resolution, UK-AE issue due to smallness of amount

  • In Favour of Assessee
  • Citation Number : TS-675-ITAT-2023(HYD)-TP
  • Tax Payer : TechAspect Solutions Private Limited

ITAT: Holds forex gains as operating income; Rules on comparables in IT/ITeS segments

  • In Favour of Both, Partially
  • Citation Number : TS-671-ITAT-2023(CHNY)-TP
  • Tax Payer : Verizon Data Services India Pvt Ltd

ITAT: Rules on ALP for transfer of power qua 80IA eligible units; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-672-ITAT-2023(CHNY)-TP
  • Tax Payer : Tamilnadu Newsprint and Papers Ltd

ITAT: Excludes functionally dissimilar comparables, deletes adjustment for pass-through costs for banking sector

  • In Favour of Assessee
  • Citation Number : TS-667-ITAT-2023(Mum)-TP
  • Tax Payer : ICICI Bank Ltd

ITAT: Accepts interest @ 0.58% on loan, fixes guarantee fee @ 0.5%; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-668-ITAT-2023(Mum)-TP
  • Tax Payer : Indian Oil Adani Ventures Ltd

ITAT: AO exceeded jurisdiction u/s 92CA(4); Quashes assessment order on share sale

  • In Favour of Assessee
  • Citation Number : TS-665-ITAT-2023(DEL)-TP
  • Tax Payer : SAC Finance Company limited

ITAT: Directs AO/TPO to use 'instrument type' search filter for benchmarking interest on debentures

  • In Favour of Assessee
  • Citation Number : TS-666-ITAT-2023(DEL)-TP
  • Tax Payer : Vessel Warehousing Private Limited

ITAT: Excludes Infosys and Eclerx in ITeS segment, remits working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-663-ITAT-2023(HYD)-TP
  • Tax Payer : Parexel International (India) Private Limited

ITAT: Deletes TP-adjustments on corporate guarantee, salary of employees deputed to JV; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-664-ITAT-2023(Mum)-TP
  • Tax Payer : Tata Chemicals Limited

ITAT: Deletes TP-adjustment qua payment for IGS and purchase of fixed assets

  • In Favour of Assessee
  • Citation Number : TS-661-ITAT-2023(DEL)-TP
  • Tax Payer : Denso Haryana P. Ltd

ITAT: Upholds exclusion of KPOs Accentia, Eclerx in case of BPO service provider

  • In Favour of Assessee
  • Citation Number : TS-662-ITAT-2023(DEL)-TP
  • Tax Payer : Reservation Data Maintenance India Pvt Ltd

ITAT: Partly allows assessee’s MP against Tribunal-order w.r.t calculation of RPT ratio

  • In Favour of Both, Partially
  • Citation Number : TS-659-ITAT-2023(Bang)-TP
  • Tax Payer : Toyota Kirloskar Motor P. Ltd

ITAT: Partly allows assessee’s misc. petition on comparables and interest on receivables

  • In Favour of Both, Partially
  • Citation Number : TS-658-ITAT-2023(Bang)-TP
  • Tax Payer : Atos IT Services Private Limited

ITAT: Accepts Honda R&D's plea qua inclusion/exclusion of comparables, remits working capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-656-ITAT-2023(DEL)-TP
  • Tax Payer : Honda R & D (India) Pvt Ltd

ITAT: Remits TP-adjustment qua admin-service fees, royalty payment in Herbalife's case

  • In Favour of Both, Partially
  • Citation Number : TS-657-ITAT-2023(Bang)-TP
  • Tax Payer : Herbalife International India Pvt Ltd

ITAT: Allows 2% of operating revenue as management fees; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-654-ITAT-2023(Ahd)-TP
  • Tax Payer : BUNDY INDIA LIMITED

ITAT: Rejects NIL ALP of technology support charges & salary reimbursement qua Vodafone India

  • In Favour of Assessee
  • Citation Number : TS-655-ITAT-2023(Mum)-TP
  • Tax Payer : Vodafone India Limited