Updates ( 7337 results )
ITAT: Holds turnover as relevant criteria for selecting comparables; Applies range at 10 times
Jun 27, 2024
- In Favour of Assessee
- Citation Number : TS-259-ITAT-2024(HYD)-TP
- Tax Payer : Triniti Advanced Software Labs Private Limited
HC: Remands matter, notes Tribunal's non-consideration of Revenue's issues qua risk adjustment, guarantee commission
Jun 27, 2024
- In Favour of Both, Partially
- Citation Number : TS-258-HC-2024(KER)-TP
- Tax Payer : Olam Agro India Pvt Ltd
ITAT: Upholds CIT(A)'s restriction of corporate guarantee adjustment @ 1% instead of TPO's 2%
Jun 27, 2024
- In Favour of Assessee
- Citation Number : TS-943-ITAT-2022(COCH)-TP
- Tax Payer : Olam Agro India Pvt Ltd
ITAT: Upholds rejection of Bundy-India's TP-study using multiple-year data, rules on comparables
Jun 26, 2024
- In Favour of Both, Partially
- Citation Number : TS-256-ITAT-2024(Ahd)-TP
- Tax Payer : BUNDY INDIA LIMITED
ITAT: Deletes guarantee adjustment citing no financial burden; Rejects TPO's berry-ratio for sale/purchase
Jun 26, 2024
- In Favour of Assessee
- Citation Number : TS-257-ITAT-2024(JPR)-TP
- Tax Payer : Vaibhav Global Limited
HC: Quashes assessment order despite lapse in intimating AO about objections before DRP
Jun 25, 2024
- In Favour of Assessee
- Citation Number : TS-254-HC-2024(KAR)-TP
- Tax Payer : Zoomrx Healthcare Technology Solutions Private Limited
ITAT: Adjudicates on TP issues including SDTs, international transaction, economic and depreciation adjustment
Jun 25, 2024
- In Favour of Both, Partially
- Citation Number : TS-255-ITAT-2024(CHNY)-TP
- Tax Payer : HSI Automotive Private Limited
ITAT: CIT(A) fails to adjudicate various TP grounds on merit; Remits matter
Jun 24, 2024
- In Favour of Assessee
- Citation Number : TS-252-ITAT-2024(HYD)-TP
- Tax Payer : Computer Sciences Corporation India Private Limited
ITAT: Dismisses appeals on software services, guarantees and loans; Follows earlier orders
Jun 24, 2024
- In Favour of Both, Partially
- Citation Number : TS-253-ITAT-2024(Mum)-TP
- Tax Payer : Tata Consultancy Services Ltd
ITAT: Directs 6% interest on receivables; Rules on comparables selection
Jun 19, 2024
- In Favour of Both, Partially
- Citation Number : TS-247-ITAT-2024(HYD)-TP
- Tax Payer : Clinasia Labs Private Limited
ITAT: Remits TP-adjustment qua interest on NCDs, TPO failed to consider DRP's directions
Jun 19, 2024
- In Favour of Assessee
- Citation Number : TS-248-ITAT-2024(DEL)-TP
- Tax Payer : Amplus Power Solutions P. Ltd
ITAT: Excludes comparables under EDS, IT and ITeS segments; Cites financial irregularities, high turnover etc
Jun 18, 2024
- In Favour of Assessee
- Citation Number : TS-245-ITAT-2024(CHNY)-TP
- Tax Payer : Caterpillar India Pvt Ltd
ITAT: Remits ground w.r.t exclusion of comparable noting no independent adjudication by DRP
Jun 18, 2024
- In Favour of Both, Partially
- Citation Number : TS-246-ITAT-2024(Bang)-TP
- Tax Payer : Embassy One Developers Pvt Ltd
ITAT: Includes comparables considered in TP study citing failure to explain functional dissimilarity
Jun 17, 2024
- In Favour of Revenue
- Citation Number : TS-244-ITAT-2024(HYD)-TP
- Tax Payer : Oakton Global Technology Services Centre (India) (P) Ltd
ITAT: Upholds deletion of AO's addition qua service-charges; Notes TPO's order accepting ALP
Jun 17, 2024
- In Favour of Assessee
- Citation Number : TS-243-ITAT-2024(DEL)-TP
- Tax Payer : Granada Services Pvt. Ltd
ITAT: Quashes TPO's order as barred by limitation by 1 day, follows precedents
Jun 14, 2024
- In Favour of Assessee
- Citation Number : TS-240-ITAT-2024(Ahd)-TP
- Tax Payer : Zydus Lifesciences Ltd. (Formerly Known as Cadila Healthcare Ltd.)
ITAT: Confirms AO’s order onTP-adjustment qua FOREX gain, engineering services
Jun 14, 2024
- In Favour of Revenue
- Citation Number : TS-242-ITAT-2024(DEL)-TP
- Tax Payer : Inabensa Bharat P. Ltd
ITAT: Confirms RPM as MAM for reseller selling goods without value addition
Jun 13, 2024
- In Favour of Assessee
- Citation Number : TS-237-ITAT-2024(DEL)-TP
- Tax Payer : D Light Energy P. Ltd
HC: Dismisses Revenue’s appeals on profit attribution; Follows principle of consistency
Jun 13, 2024
- In Favour of Assessee
- Citation Number : TS-238-HC-2024(DEL)-TP
- Tax Payer : Lummus Technology Heat Transfer BV
ITAT: Rectifies mistake, directs computation of interest on loan fund after considering LIBOR/EUROLIBOR
Jun 12, 2024
- In Favour of Revenue
- Citation Number : TS-233-ITAT-2024(Kol)-TP
- Tax Payer : Titagarh Wagon Ltd