Updates ( 7559 results )
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
ITAT: Restricts TP-adjustments only to international transactions; Rejects adjustments qua depreciation, custom duty
Jun 12, 2024
- In Favour of Both, Partially
- Citation Number : TS-234-ITAT-2024(CHNY)-TP
- Tax Payer : Daeseung Autoparts India Pvt. Ltd
ITAT: Holds Pfizer Healthcare's assessment as void, TP-proceedings barred by limitation
Jun 11, 2024
- In Favour of Assessee
- Citation Number : TS-231-ITAT-2024(CHNY)-TP
- Tax Payer : Pfizer Healthcare India Private Limited
ITAT: Deletes TP-adjustment w.r.t SDT; Admits additional evidence for transfer of steam
Jun 11, 2024
- In Favour of Both, Partially
- Citation Number : TS-232-ITAT-2024(Mum)-TP
- Tax Payer : Tata Chemicals Limited
ITAT: Quashes assessment order being barred by limitation u/s.144C(13)
Jun 10, 2024
- In Favour of Assessee
- Citation Number : TS-229-ITAT-2024(CHNY)-TP
- Tax Payer : Cognizant Technology Solutions India P. Ltd
ITAT: Upholds restriction of guarantee commission @0.2%, being proportionate rate for one FY
Jun 10, 2024
- In Favour of Assessee
- Citation Number : TS-230-ITAT-2024(Ahd)-TP
- Tax Payer : Astral Limited
ITAT: Deletes TP-adjustment qua brand building services; Follows earlier order
Jun 07, 2024
- In Favour of Assessee
- Citation Number : TS-226-ITAT-2024(CHNY)-TP
- Tax Payer : Hyundai Motor India Limited
ITAT: Remits adjustment for third-party transactions; Deletes TP-adjustment of interest for debt-free company
Jun 07, 2024
- In Favour of Both, Partially
- Citation Number : TS-227-ITAT-2024(DEL)-TP
- Tax Payer : MCKINSEY KNOWLEDGE CENTRE INDIA PVT. LTD
ITAT: Extended time-limit for completing non-resident assessment u/s.144C unavailable sans TPO-reference
Jun 06, 2024
- In Favour of Assessee
- Citation Number : TS-225-ITAT-2024(HYD)-TP
- Tax Payer : Syed Gulam Mohiuddin
ITAT: Rules on TP-adjustments qua ITeS, interest on receivables for Satyam Venture
Jun 06, 2024
- In Favour of Both, Partially
- Citation Number : TS-224-ITAT-2024(HYD)-TP
- Tax Payer : Satyam Venture Engineering Services Private Limited
ITAT: Rejects downward adjustment for SDT, allows S.80IA deduction; Follows rule of consistency
Jun 05, 2024
- In Favour of Assessee
- Citation Number : TS-222-ITAT-2024(RAI)-TP
- Tax Payer : Bhagwati Power and Steel Limited
ITAT: Remits TP-adjustment w.r.t management fee; Benchmarks interest on AE receivables at LIBOR+200 bps
Jun 05, 2024
- In Favour of Assessee
- Citation Number : TS-223-ITAT-2024(HYD)-TP
- Tax Payer : Kantar GDC India Private Limited
ITAT: Remits NIL benchmarking of management fee; TPO cannot examine matter w.r.t Sec.37
Jun 04, 2024
- In Favour of Assessee
- Citation Number : TS-221-ITAT-2024(Mum)-TP
- Tax Payer : Naturex India Pvt Ltd
ITAT: Rules on comparables; Rectifies mistake in quantum of amortisation per DRP’s direction
Jun 04, 2024
- In Favour of Both, Partially
- Citation Number : TS-220-ITAT-2024(CHNY)-TP
- Tax Payer : iSoft Health Management India Private Limited
ITAT: Upholds deletion of TP-addition qua payment of royalty, management fees, IT allocation cost
Jun 03, 2024
- In Favour of Assessee
- Citation Number : TS-218-ITAT-2024(Ahd)-TP
- Tax Payer : Invida India Pvt Ltd
ITAT: Deletes SDT-adjustment citing omission of Sec.92BA(i); Applies Texport Overseas HC-ruling
Jun 03, 2024
- In Favour of Assessee
- Citation Number : TS-219-ITAT-2024(PUN)-TP
- Tax Payer : Uttam Energy Limited
ITAT: Upholds CUP, rather than TNMM, for benchmarking technical fees
May 31, 2024
- In Favour of Assessee
- Citation Number : TS-215-ITAT-2024(DEL)-TP
- Tax Payer : Takenaka India Pvt Ltd
HC: Holds TPO-reference in itself causes no prejudice warranting invocation of writ jurisdiction
May 31, 2024
- In Favour of Revenue
- Citation Number : TS-214-HC-2024(DEL)-TP
- Tax Payer : Infonox Software Private Limited
ITAT: Rules-out negative working capital adjustment for captive service provider; Rules on comparables
May 30, 2024
- In Favour of Both, Partially
- Citation Number : TS-213-ITAT-2024(Bang)-TP
- Tax Payer : Intuit India Product Development Centre Pvt Ltd