Updates ( 7360 results )
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
ITAT: Deletes penalty u/s.271G on SDT as TPO accepted assessee’s ALP computation
May 30, 2024
- In Favour of Assessee
- Citation Number : TS-212-ITAT-2024(Mum)-TP
- Tax Payer : Excel Biolife Private Limited
ITAT: Remits characterization of services rendered by Assessee; Deletes cost-contribution charges adjustment
May 29, 2024
- In Favour of Assessee
- Citation Number : TS-211-ITAT-2024(Bang)-TP
- Tax Payer : Ingersoll-Rand (India) Limited
HC: Dismisses Revenue's appeal on AMP adjustment for India specific products
May 29, 2024
- In Favour of Assessee
- Citation Number : TS-210-HC-2024(DEL)-TP
- Tax Payer : Pernod Ricard India Pvt Ltd
ITAT: Upholds TNMM over CUP for brokerage commission, branding fees; Follows earlier orders
May 28, 2024
- In Favour of Assessee
- Citation Number : TS-208-ITAT-2024(Mum)-TP
- Tax Payer : CLSA India Pvt Ltd
ITAT: Excludes comparable citing non-availability of required information u/s.133(6)
May 28, 2024
- In Favour of Assessee
- Citation Number : TS-209-ITAT-2024(Bang)-TP
- Tax Payer : Zyme Solutions Pvt. Ltd.
ITAT: Refuses to constitute SB for conflicting judgments u/s 92BA(i); Follows precedents
May 27, 2024
- In Favour of Assessee
- Citation Number : TS-206-ITAT-2024(DEL)-TP
- Tax Payer : Panacea Boitec Ltd
ITAT: Holds, onus on assessee to show pharma industry permits credit-period exceeding 60-days
May 27, 2024
- In Favour of Both, Partially
- Citation Number : TS-207-ITAT-2024(HYD)-TP
- Tax Payer : Hetero Labs Limited
ITAT: Deletes IGS adjustment as 3% within acceptable range; Rules on comparables
May 24, 2024
- In Favour of Both, Partially
- Citation Number : TS-204-ITAT-2024(Kol)-TP
- Tax Payer : Primetals Technologies India Pvt Ltd
HC: Disposes of Revenue’s appeal on management, support services, IGS citing subsequent developments
May 24, 2024
- In Favour of Assessee
- Citation Number : TS-205-HC-2024(CAL)-TP
- Tax Payer : Cookson India Pvt Ltd
ITAT: Directs ALP re-computation basis 30 days credit period or agreement; Follows precedents
May 23, 2024
- In Favour of Both, Partially
- Citation Number : TS-202-ITAT-2024(HYD)-TP
- Tax Payer : ValueMomentum Software Services Private Limited
ITAT: Restricts TP-adjustment to AE-transactions, restores adjustments qua manufacturing/trading segments
May 23, 2024
- In Favour of Both, Partially
- Citation Number : TS-203-ITAT-2024(HYD)-TP
- Tax Payer : Imerys Ceramics India Private Limited
ITAT: Rules on comparables, restricts TP-adjustment to international transactions; Remits interest on receivables
May 22, 2024
- In Favour of Both, Partially
- Citation Number : TS-200-ITAT-2024(Bang)-TP
- Tax Payer : Kennametal India Ltd
ITAT: Deletes proportionate adjustment w.r.t purchases from AEs, margin not exceeding 3%
May 22, 2024
- In Favour of Assessee
- Citation Number : TS-201-ITAT-2024(JODH)-TP
- Tax Payer : Priti Lodha
ITAT: Excludes comparables citing functional difference, turnover, etc for SWD-service provider
May 21, 2024
- In Favour of Both, Partially
- Citation Number : TS-198-ITAT-2024(CHNY)-TP
- Tax Payer : Virtusa Consulting Services Private Limited
HC: Dismisses Revenue’s appeal on comparables selection sans substantial question of law
May 21, 2024
- In Favour of Assessee
- Citation Number : TS-199-HC-2024(DEL)-TP
- Tax Payer : XL India Business Services Pvt Ltd
ITAT: Netting off amounts payable to AEs with outstanding receivables, on entity-level, unjustified
May 20, 2024
- In Favour of Both, Partially
- Citation Number : TS-195-ITAT-2024(DEL)-TP
- Tax Payer : Rockwell Automation India Pvt Ltd
ITAT: Remits TP-adjustment qua notional interest on realization of export sale proceeds
May 20, 2024
- In Favour of Both, Partially
- Citation Number : TS-196-ITAT-2024(Ahd)-TP
- Tax Payer : Intas Pharmaceuticals Ltd.
ITAT: Excludes comparables in ITeS segment over functional dissimilarity; Follows earlier orders
May 17, 2024
- In Favour of Assessee
- Citation Number : TS-193-ITAT-2024(Mum)-TP
- Tax Payer : Tech Mahindra Limited
ITAT: Restricts TP-adjustment qua oil-import to transaction-level, grants +/-5% benefit
May 17, 2024
- In Favour of Assessee
- Citation Number : TS-192-ITAT-2024(Mum)-TP
- Tax Payer : Bunge India Pvt Ltd