Updates ( 7559 results )

ITAT: Deletes TP-adjustment qua Letter of Comfort for Tata International; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-261-ITAT-2024(Mum)-TP
  • Tax Payer : Tata International Limited

ITAT: Comparables cannot be excluded merely citing different accounting-year; Rejects negative working-capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-262-ITAT-2024(HYD)-TP
  • Tax Payer : Macromill Research India LLP

ITAT: Holds turnover as relevant criteria for selecting comparables; Applies range at 10 times

  • 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

  • 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%

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • 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

  • In Favour of Assessee
  • Citation Number : TS-237-ITAT-2024(DEL)-TP
  • Tax Payer : D Light Energy P. Ltd