Updates ( 9016 results )

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ITAT: Upholds guarantee commission @0.35% qua Macrotech Developers Ltd, follows precedent

  • In Favour of Assessee
  • Citation Number : TS-651-ITAT-2023(Mum)-TP
  • Tax Payer : Macrotech Developers Limited

ITAT: Deletes adjustment qua inter-unit power sale in Tata Steel's case; Follows Tata Chemicals

  • In Favour of Assessee
  • Citation Number : TS-652-ITAT-2023(Mum)-TP
  • Tax Payer : Tata Steel Ltd

ITAT: Upholds internal CUP for guarantee; Rejects information u/s 133(6) for external CUP

  • In Favour of Assessee
  • Citation Number : TS-649-ITAT-2023(Mum)-TP
  • Tax Payer : L & T Technology Services Limited

ITAT: TNMM resistant to transactional differences; Rejects assessee’s plea on forex loss, documentation etc.

  • In Favour of Revenue
  • Citation Number : TS-650-ITAT-2023(CHNY)-TP
  • Tax Payer : NVH India Auto Parts Private Limited

ITAT: No SDT adjustment permissible owing to Sec.92BA(i) omission, follows precedents

  • In Favour of Assessee
  • Citation Number : TS-647-ITAT-2023(Mum)-TP
  • Tax Payer : Hind Aluminium Industries Pvt Ltd

ITAT: Quashes time-barred TPO, assessment orders for Jaguar Land Rover; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-648-ITAT-2023(Mum)-TP
  • Tax Payer : Jaguar Land Rover India Limited

ITAT: Upholds CIT(A)'s allowance of Sec.80IA deduction qua sale of power, follows precedents

  • In Favour of Assessee
  • Citation Number : TS-645-ITAT-2023(Ahd)-TP
  • Tax Payer : Nandan Denim Ltd

HC: Upholds ITAT’s comparables-selection for captive investment advisory services

  • In Favour of Assessee
  • Citation Number : TS-646-HC-2023(DEL)-TP
  • Tax Payer : Chrys Capital Invesment Advisors Pvt Ltd

ITAT: Accepts assessee’s TNMM over CUP for benchmarking goods' export; Rules on comparables

  • In Favour of Assessee
  • Citation Number : TS-640-ITAT-2023(Mum)-TP
  • Tax Payer : Lanxess India Private Ltd.

ITAT: Upholds assessee's internal CUP, authenticity of Nova-Scotia quotation not in doubt

  • In Favour of Assessee
  • Citation Number : TS-641-ITAT-2023(Ahd)-TP
  • Tax Payer : Intas Pharmaceuticals Ltd.

HC: Closes assessee’s appeal on comparables’-selection and receivables

  • In Favour of None/NA
  • Citation Number : TS-642-HC-2023(DEL)-TP
  • Tax Payer : Corning SAS-India Branch Office

ITAT: Upholds ALP determination basis subsequent year APA absent any difference in facts, FAR

  • In Favour of Both, Partially
  • Citation Number : TS-638-ITAT-2023(Bang)-TP
  • Tax Payer : Concentrix Technologies (India) Pvt Ltd

ITAT: Quashes assessment order passed disregarding DRP's directions in Uber India's case

  • In Favour of Assessee
  • Citation Number : TS-639-ITAT-2023(HYD)-TP
  • Tax Payer : Uber India Research and Development Private Limited

HC: Disposes Revenue’s appeal on comparables-selection; Considers Revenue’s reliance on Rampgreen Solution ruling

  • In Favour of Assessee
  • Citation Number : TS-637-HC-2023(DEL)-TP
  • Tax Payer : GE India Business Services Pvt Ltd

HC: Remits TP-adjustment qua interest on receivables citing working capital adjustment allowed

  • In Favour of Both, Partially
  • Citation Number : TS-636-HC-2023(DEL)-TP
  • Tax Payer : Qualcomm India Pvt Ltd

ITAT: Quashes assessment-order barred by limitation considering date of receiving DRP's directions

  • In Favour of Assessee
  • Citation Number : TS-633-ITAT-2023(Mum)-TP
  • Tax Payer : APM Terminals Private Limited

ITAT: Quashes TPO’s time-barred order following Pfizer Healthcare ruling

  • In Favour of Assessee
  • Citation Number : TS-635-ITAT-2023(Mum)-TP
  • Tax Payer : Siemens Technology & Services Pvt Ltd

ITAT: Upholds deletion of secondary interest adjustment for AY 2007-08, considering Sec.92CE(1) proviso

  • In Favour of Assessee
  • Citation Number : TS-634-ITAT-2023(Mum)-TP
  • Tax Payer : Tech Mahindra Limited

ITAT: Applies turnover filter range at 10 times; Remits adjustment qua management fee

  • In Favour of Both, Partially
  • Citation Number : TS-630-ITAT-2023(HYD)-TP
  • Tax Payer : Infor (India) Private Limited

ITAT: Accepts CIT(A)'s levy of guarantee fee @0.5% & interest @LIBOR+1% on loan

  • In Favour of Assessee
  • Citation Number : TS-632-ITAT-2023(Mum)-TP
  • Tax Payer : Concentrix Services (I) Pvt Ltd