Updates ( 7559 results )

ITAT: Excludes comparables in ITeS, allows support services cost in case of Genpact Services

  • In Favour of Assessee
  • Citation Number : TS-359-ITAT-2024(DEL)-TP
  • Tax Payer : Genpact Services LLC

HC: Dismisses Revenue’s appeal on selection of most appropriate method

  • In Favour of Assessee
  • Citation Number : TS-360-HC-2024(P & H)-TP
  • Tax Payer : Willis Towers Watson India Pvt Ltd

ITAT: Accepts assessee’s plea for inclusion/exclusion of comparables in ITeS segment

  • In Favour of Assessee
  • Citation Number : TS-357-ITAT-2024(Bang)-TP
  • Tax Payer : Swiss Re Global Business Solutions India Pvt Ltd

ITAT: Accepts assessee’s plea w.r.t comparables selection qua provision of SWD services

  • In Favour of Assessee
  • Citation Number : TS-358-ITAT-2024(HYD)-TP
  • Tax Payer : Pegasystems Worldwide India Pvt Ltd

ITAT: Directs TPO to pass speaking-order while giving effect to DRP’s directions

  • In Favour of Both, Partially
  • Citation Number : TS-356-ITAT-2024(DEL)-TP
  • Tax Payer : Assotech Moonshine Urban Developers Pvt Ltd

ITAT: Remits MAM selection for benchmarking purchase transaction; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-354-ITAT-2024(CHNY)-TP
  • Tax Payer : Kubota Agricultural Machinery India Private Limited

ITAT: Restores appeal, 2 written adjournment requests from assessee skipped CIT(A)'s notice

  • In Favour of Assessee
  • Citation Number : TS-353-ITAT-2024(DEL)-TP
  • Tax Payer : Fiserv India Pvt Ltd

HC: Revenue did not justify using comparables for the first time, dismisses appeal

  • In Favour of Assessee
  • Citation Number : TS-355-HC-2024(P & H)-TP
  • Tax Payer : Osram India P. Ltd

ITAT: Excludes comparable engaged to the tune of 99.74% in manufacturing activity

  • In Favour of Assessee
  • Citation Number : TS-351-ITAT-2024(Bang)-TP
  • Tax Payer : Toyota Tsusho India Private Limited

HC: Dismisses Revenue’s appeal on AMP and comparables, follows Assessee’s earlier order

  • In Favour of Assessee
  • Citation Number : TS-349-HC-2024(DEL)-TP
  • Tax Payer : Samsung India Electronics Pvt. Ltd

HC: Dismisses Nikon India’s appeal against order on AMP adjustment issue being purely academic

  • In Favour of Revenue
  • Citation Number : TS-348-HC-2024(P & H)-TP
  • Tax Payer : Nikon India Private Limited

ITAT: Holds subsequent proceedings non-est, demand/penalty notices issued with draft assessment order

  • In Favour of Assessee
  • Citation Number : TS-347-ITAT-2024(Mum)-TP
  • Tax Payer : Goldman Sachs (India) Securities Pvt Ltd

ITAT: Deletes Sec.271G-penalty; Holds assessee’s non-compliance, delay in filing documents as reasonable

  • In Favour of Assessee
  • Citation Number : TS-346-ITAT-2024(Mum)-TP
  • Tax Payer : Total Energies Marketing Services, France

ITAT: Affirms Sec.10A deduction w.r.t income arising out of MAP resolution, follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-345-ITAT-2024(Bang)-TP
  • Tax Payer : Dell International Services India Private Limited

ITAT: Confirms deletion of Sec.271G penalty; Notes no violation of Sec.92D, follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-342-ITAT-2024(Mum)-TP
  • Tax Payer : Laxmi Diamond Private Limited

ITAT: Adopts CPM for manufacturing segment, RPM for trading activities; Deletes AMP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-344-ITAT-2024(Bang)-TP
  • Tax Payer : AO Smith India Water Products Pvt Ltd

HC: Dismisses Revenue’s appeal against ITAT-order in Birlasoft's case qua internal comparison

  • In Favour of Assessee
  • Citation Number : TS-343-HC-2024(DEL)-TP
  • Tax Payer : Birlasoft Pvt Ltd

ITAT: Dismisses assessee's MA for rectifying earlier order w.r.t interest on receivables

  • In Favour of Revenue
  • Citation Number : TS-339-ITAT-2024(HYD)-TP
  • Tax Payer : BA Continum India (P) Ltd

HC: Dismisses Revenue’s appeal against allowing customs-duty adjustment w.r.t import of watches

  • In Favour of Assessee
  • Citation Number : TS-341-HC-2024(DEL)-TP
  • Tax Payer : Swatch Group [India[ Pvt Ltd

ITAT: Upholds CIT(A)’s restriction of corporate & performance guarantee at 0.5%

  • In Favour of Both, Partially
  • Citation Number : TS-337-ITAT-2024(Mum)-TP
  • Tax Payer : Aditya Birla Nuvo Limited