Updates ( 7573 results )
HC: Quashes assessment-order passed without DRP’s directions; Follows precedents
Dec 28, 2023
- In Favour of Assessee
- Citation Number : TS-722-HC-2023(BOM)-TP
- Tax Payer : Renaissance Global Limited
ITAT: Upholds assessee's benchmarking w.r.t interest paid on unsecured NCDs
Dec 26, 2023
- In Favour of Assessee
- Citation Number : TS-720-ITAT-2023(VIZ)-TP
- Tax Payer : Arkha Solar Power Private Limited
ITAT: Remits adjustment w.r.t business development services, reject's TPO's expense-apportionment approach
Dec 26, 2023
- In Favour of Assessee
- Citation Number : TS-719-ITAT-2023(Bang)-TP
- Tax Payer : OnMobile Global Ltd
ITAT: AO passed order sans TPO’s reference, breached CBDT’s mandatory instruction; Upholds 263 order
Dec 22, 2023
- In Favour of Assessee
- Citation Number : TS-715-ITAT-2023(Bang)-TP
- Tax Payer : Tokai Rika Minda India Private Limited
HC: Accepts assessee’s employee cost allocation; Excludes comparable citing ‘sketchy’ information on profile
Dec 22, 2023
- In Favour of Assessee
- Citation Number : TS-717-HC-2023(DEL)-TP
- Tax Payer : WSP Consultants India Pvt Ltd
ITAT: Accepts Revenue’s plea under Rule 27; Directs US-MAP approach for non-US transactions
Dec 21, 2023
- In Favour of Assessee
- Citation Number : TS-714-ITAT-2023(DEL)-TP
- Tax Payer : Hewitt Associates (India)P Ltd
ITAT: Quashes draft order coupled with demand/penalty notices; Follows precedents
Dec 21, 2023
- In Favour of Assessee
- Citation Number : TS-713-ITAT-2023(Mum)-TP
- Tax Payer : Panasonic Life Solutions India Private Limited
ITAT: No change in assessee’s functional profile, follows precedents to exclude 4 comparables
Dec 20, 2023
- In Favour of Assessee
- Citation Number : TS-712-ITAT-2023(HYD)-TP
- Tax Payer : GD Research Center Pvt Ltd
ITAT: Benchmarks interest on ECB at SBI+25 bps; Validates AO’s jurisdiction u/s 144B(8)
Dec 20, 2023
- In Favour of Both, Partially
- Citation Number : TS-710-ITAT-2023(PUN)-TP
- Tax Payer : Prodair Air Products India Private Limited
ITAT: Necessary to determine borrower's credit rating for determining ALP-interest, remits benchmarking
Dec 19, 2023
- In Favour of Both, Partially
- Citation Number : TS-708-ITAT-2023(Mum)-TP
- Tax Payer : Nipro India Corporation Pvt Ltd
HC: Upholds Tribunal's deletion of AMP-adjustment in case of Sony India
Dec 19, 2023
- In Favour of Assessee
- Citation Number : TS-709-HC-2023(DEL)-TP
- Tax Payer : Sony India Pvt Ltd
ITAT: Holds counter guarantee covered u/s 92B, rejects TPO's CUP for benchmarking export transaction
Dec 18, 2023
- In Favour of Assessee
- Citation Number : TS-705-ITAT-2023(Mum)-TP
- Tax Payer : Kansai Nerolac Paints Ltd
ITAT: Remits adjudication of assessee’s nature of business, finds inconsistency in other AYs
Dec 18, 2023
- In Favour of Both, Partially
- Citation Number : TS-706-ITAT-2023(HYD)-TP
- Tax Payer : Hyundai Motors India Engineering Pvt. Ltd.
ITAT: Deletes TP-adjustment made basis TPO-order concerning entity later merged with assessee
Dec 18, 2023
- In Favour of Assessee
- Citation Number : TS-707-ITAT-2023(DEL)-TP
- Tax Payer : Boeing India Pvt Ltd
ITAT: Applies CUP considering overseas/domestic clients for broking services; Follows earlier order
Dec 15, 2023
- In Favour of Both, Partially
- Citation Number : TS-702-ITAT-2023(Mum)-TP
- Tax Payer : Morgan Stanley India Company Private Limited
ITAT: Rejects profit estimation on non-AE transactions, rules on comparables qua Star-TV companies
Dec 15, 2023
- In Favour of Assessee
- Citation Number : TS-703-ITAT-2023(Mum)-TP
- Tax Payer : Star Television Entertainment Ltd
HC: Excludes Infosys-BPO, a giant company as comparable for ITeS provider; Follows precedent
Dec 15, 2023
- In Favour of Assessee
- Citation Number : TS-704-HC-2023(DEL)-TP
- Tax Payer : Future First Info. Services Pvt. Ltd
ITAT: Assessee can plead exclusion of comparables included in TP study report; Follows Pfizer
Dec 14, 2023
- In Favour of Assessee
- Citation Number : TS-700-ITAT-2023(Mum)-TP
- Tax Payer : Juniper Networks India Private Limited
ITAT: Observes 0.5% cannot be standard rate for charging corporate guarantee commission
Dec 14, 2023
- In Favour of Assessee
- Citation Number : TS-701-ITAT-2023(Mum)-TP
- Tax Payer : ACG Associated Capsules Pvt Ltd
HC: Dismisses Revenue’s appeal against ITAT-order on AMP adjustment in Timex Group's case
Dec 14, 2023
- In Favour of Assessee
- Citation Number : TS-699-HC-2023(DEL)-TP
- Tax Payer : Timex Group India Limited