Bearing Point Business Consulting (P.) Ltd. v. DCIT

33 Taxmann.com 92Reported decision2013#10532 most cited

What is Bearing Point Business Consulting (P.) Ltd. v. DCIT authority for?

Working capital adjustments must be made to the margins of comparable companies to account for differences between the tested party and the comparables when determining arm's length price. Such adjustments are a settled proposition of law.

10

judgments rely on this decision, according to BharatTax’s citation analysis of 366,005 Indian tax judgments — from 2016 to 2022.

Also referred to as

Bearing Point Business Consulting · DCIT · 2013 · working capital adjustment · arm's length price · comparable companies · tested party · profit margins · international taxation

Judgments citing Bearing Point Business Consulting (P.) Ltd. v. DCIT

M/S Continental Automotive Components India Private Limited, Bangalore vs. Deputy Commissioner of Income Tax Circle-2(1)(1), Bangalore

In the result, the appeal is partly allowed

ITA 129/BANG/2019[2014-15]Status: DisposedITAT Bangalore29 Mar 2022AY 2014-15

Bench: Shri N.V. Vasudevan & Shri B. R. Baskaranassessment Year :2014-15 M/S. Continental Automotive Vs. Dcit, Components India Pvt. Ltd., Circle – 2(1)(1), Plot No.53B, Bommasandra Industrial Bengaluru. Area, Hosur Road, Attibele Hobli, Anekal Taluk, Bengaluru–560 099. Pan : Aakcs 9578 C Appellant Respondent Assessee By : Shri. T. Suryanarayana, Senior Advocate Revenue By : Shri. Mudavathu Harish Chandra Naik, Cit(Dr)(Itat), Bengaluru. Date Of Hearing : 21.03.2022 Date Of Pronouncement : 29.03.2022 O R D E R

For Appellant: Shri. T. Suryanarayana, Senior AdvocateFor Respondent: Shri. Mudavathu Harish Chandra Naik, CIT(DR)(ITAT), Bengaluru
Section 143(3)Section 92

…IN THE INCOME TAX APPELLATE TRIBUNAL “A” BENCH : BANGALORE BEFORE SHRI N.V. VASUDEVAN, VICE PRESIDENT AND SHRI B. R. BASKARAN, ACCOUNTANT MEMBER Assessment Year :2014-15 M/s. Continental Automotive Vs. DCIT, Components India Pvt. Ltd., Circle – 2(1)(1), Plot No.53B, Bommasandra Industrial Bengaluru. Area, Hosur Road, Attibele Hobli, Anekal Taluk, Bengaluru–560 099. PAN : AAKCS 9578 C APPELLANT RESPONDENT Assessee by : Shri. T. Suryanarayana, Senior Advocate Revenue by : Shri. Mudavathu Harish Chandra Naik, CIT(DR)(ITAT), Bengaluru. Date of hearing : 21.03.2022 Date of Pronouncement : 29.03.2022 O R D E R Per N.…

DCIT, Bangalore vs. M/S Core Objects India Pvt. Ltd., Bangalore

In the result appeal filed by assessee stands allowed as indicated hereinabove and appeal filed by revenue stands allowed partly

ITA 517/BANG/2015[2010-11]Status: DisposedITAT Bangalore01 Apr 2021AY 2010-11

Bench: Shri. Chandra Poojari & Smt. Beena Pillaiit(Tp)A No.517/Bang/2015 Assessment Year : 2010-11

For Appellant: Shri Muzaffar Hussain, CIT (DR)For Respondent: Smt. Tanmayee Rajkumar
Section 10ASection 143Section 144CSection 144C(13)Section 194JSection 40Section 9(1)(iv)

…he following decisions rendered by coordinate bench of this Page 38 of 55 IT(TP)A No.517 & 570/Bang/2015 Tribunal in case of, TNT India (P.) Ltd. reported in (2011) 10 Taxmann.com 169 (para 13), B earing Point Business Consulting (P.) Ltd. reported in (2013) 33 Taxmann.com 92 (para 5.4) and Apigee Technologies (India) (P.) Ltd. reported in (2015) 63 Taxmann.com 129 (paras 17 to 19) it has been held that positive adjustment towards working capital differences between the assessee and the comparables should be considered and appropriate adjustment granted in arriving at the profit margins of comparable companies f…

M/S Verifone India Technology Pvt Ltd, Bangalore vs. Income Tax Officer Ward-12(2), Bangalore

In the result appeal filed by revenue stands dismissed

ITA 3087/BANG/2018[2010-11]Status: DisposedITAT Bangalore12 Mar 2021AY 2010-11

Bench: Shri. Chandra Poojari & Smt. Beena Pillaiassessment Year : 2010-11

For Appellant: Shri K.R Vasudevan, AdvocateFor Respondent: Shri Priyadarshi Mishra, Addl.CIT
Section 92C

…in granting a working capital adjustment. In the following decisions rendered by coordinate bench of this Tribunal in case of, TNT India (P.) Ltd. reported in (2011) 10 Taxmann.com 169 (para 13), B earing Point Business Consulting (P.) Ltd. reported in (2013) 33 Taxmann.com 92 (para 5.4) and Apigee Technologies (India) (P.) Ltd. reported in (2015) 63 Taxmann.com 129 (paras 17 to 19) it has been held that adjustment towards working capital differences between the assessee and the comparables should be considered and appropriate adjustment granted in arriving at the profit margins of comparable companies for the pu…

M/S Arm Embedded Technologies Private Limited, Bangalore vs. Income Tax Officer Ward-1(1)(1), Bangalore

In the result, the assessee appeal is partly allowed for statistical purposes

ITA 3374/BANG/2018[2014-15]Status: DisposedITAT Bangalore24 Nov 2020AY 2014-15

Bench: Shri B.R. Baskaran & Shri Pavan Kumar Gadaleit(Tp)A No.3374/Bang/2018 (Assessment Year: 2014-15) M/S.Arm Embedded Technologies Pvt. Ltd., Bagmane World Technology Pvt. Ltd., Sez Citrine Block, 5Th & 6Th Floors, Marathahalli, Orr, Doddanakundi Village, Mahadevapura, Bangalore-560 048 ….Appellant Vs. Income Tax Officer, Ward 1(1)(1), Bangalore. ……Respondent. Assessee By: Smt. Tanmayee Rajkumar, Advocate. Revenue By: Shri Muzaffar Hussain, Cit (D.R)

For Appellant: Smt. Tanmayee Rajkumar, AdvocateFor Respondent: Shri Muzaffar Hussain, CIT (D.R)
Section 143(2)Section 143(3)Section 144C(5)Section 92C

…IN THE INCOME TAX APPELLATE TRIBUNAL BANGALORE BENCHES “ B ” BENCH: BANGALORE BEFORE SHRI B.R. BASKARAN, ACCOUNTANT MEMBER AND SHRI PAVAN KUMAR GADALE, JUDICIAL MEMBER IT(TP)A No.3374/Bang/2018 (Assessment Year: 2014-15) M/s.ARM Embedded Technologies Pvt. Ltd., Bagmane World Technology Pvt. Ltd., SEZ Citrine Block, 5th & 6th Floors, Marathahalli, ORR, Doddanakundi Village, Mahadevapura, Bangalore-560 048 ….Appellant Vs. Income Tax Officer, Ward 1(1)(1), Bangalore. ……Respondent. Assessee By: Smt. Tanmayee Rajkumar, Advocate. Revenue By: Shri Muzaffar Hussain, CIT (D.R) Date of Hearing : 05.08.2020. Date of Prono…

M/S Brocade Communications Systems Private Limited, Bangalore vs. Deputy Commissioner of Income Tax Circle-1(1)(1), Bangalore

In the result, the appeal by the assessee is partly allowed

ITA 79/BANG/2019[2014-15]Status: DisposedITAT Bangalore19 Jun 2020AY 2014-15

Bench: Shri N.V. Vasudevan & Shri B R Baskaran

For Appellant: Shri T. Suryanarayana, AdvocateFor Respondent: Shri Muzaffar Hussain, CIT(DR)(ITAT), Bengaluru
Section 143(3)Section 144CSection 92Section 92C

…IN THE INCOME TAX APPELLATE TRIBUNAL “B” BENCH : BANGALORE BEFORE SHRI N.V. VASUDEVAN, VICE PRESIDENT AND SHRI B R BASKARAN, ACCOUNTANT MEMBER IT(TP)A No.79/Bang/2019 Assessment year : 2014-15 Brocade Communications Vs. The Deputy Commmissioner of Systems Private Limited, Income Tax, Floor-3, B & C Wing & Floor 8, Circle 1(1)(1), Bangalore. D Wing, S1, Wipro Electronic City Special Economic Zone, Doddathogur Village, Begur Hobli, Electronic City, Bengaluru – 560 100. PAN : AACCB 4490N. APPELLANT RESPONDENT Appellant by : Shri T. Suryanarayana, Advocate Respondent by : Shri Muzaffar Hussain, CIT(DR)(ITAT), Ben…

Cameron Manufacturing India Pvt Ltd, Coimbatore vs. DCIT, Corporate Circle-1, Coimbatore

In the result appeal of the assessee is partly allowed for statistical purposes as indicated herein above

ITA 336/CHNY/2018[2013-14]Status: DisposedITAT Chennai16 Oct 2018AY 2013-14

Bench: Shri A.Mohan Alankamony & Shri Duvvuru Rl Reddyआयकर अपील सं./I.T.A.No.336/Chny/2018 (िनधा"रण वष" / Assessment Year: 2013-14) Vs The Dcit, M/S. Cameron Manufacturing India Pvt. Ltd., Corporate Circle-1, Tidel Park, Vilankurichi Road, Coimbatore. Civil Aerodrome Post, Coimbatore – 641 014. Pan: Aabcn2803J (अपीलाथ"/Appellant) (""यथ"/Respondent)

For Appellant: Shri M. Srinivasa Rao, CIT
Section 115JSection 143(2)Section 143(3)Section 92C

…आयकर अपीलीय अिधकरण, ‘डी’ "यायपीठ, चे"ई IN THE INCOME TAX APPELLATE TRIBUNAL , ‘D’ BENCH, CHENNAI "ी ए. मोहन अलंकामणी, लेखा सद"य एवं "ी धु"वु" आर.एल रे"ी, "याियक सद"य के सम" BEFORE SHRI A.MOHAN ALANKAMONY, ACCOUNTANT MEMBER AND SHRI DUVVURU RL REDDY, JUDICIAL MEMBER आयकर अपील सं./I.T.A.No.336/Chny/2018 (िनधा"रण वष" / Assessment Year: 2013-14) Vs The DCIT, M/s. Cameron Manufacturing India Pvt. Ltd., Corporate Circle-1, Tidel Park, Vilankurichi Road, Coimbatore. Civil Aerodrome Post, Coimbatore – 641 014. PAN: AABCN2803J (अपीलाथ"/Appellant) (""यथ"/Respondent) : Shri Arijit Chakravarty, Advocate अपीलाथ" क" ओर से/…

Giesecke & Devrient India Pvt. Ltd., Gurgaon vs. DCIT, New Delhi

ITA 5924/DEL/2012[2008-09]Status: DisposedITAT Delhi23 Aug 2018AY 2008-09

Bench: Shri Pramod Kumar & Shri Sudhanshu Srivastava

Section 143(3)Section 144C

…IN THE INCOME TAX APPELLATE TRIBUNAL DELHI BENCH: ‘I-2’ NEW DELHI BEFORE SHRI PRAMOD KUMAR, ACCOUNTANT MEMBER & SHRI SUDHANSHU SRIVASTAVA, JUDICIAL MEMBER ITA No.-5924/Del/2012 (Assessment Year: 2008-09) Giesecke & Devrient India vs DCIT Pvt. Ltd. Circle-12(1), Corporate Office, Plot #57, Central Revenue Building Sector-44 New Delhi Gurgaon PAN : AABCG4223D Assessee by Sh. Harpreet Ajmani, Adv., Sh. Rohan Khare, Adv. Revenue by Ms. Vatsala Jha, CIT, DR Date of Hearing 24.05.2018 Date of Pronouncement 23.08.2018 ORDER PER SUDHANSHU SRIVASTAVA, J.M. This present appeal by the assessee is preferred agains…

Asst.C.I.T., Bangalore vs. M/S Misys Software Solutions (India) Pvt. Ltd., Bangalore

In the result, IT(TP) A.No

ITA 491/BANG/2016[2011-12]Status: DisposedITAT Bangalore02 May 2018AY 2011-12

Bench: Shri N.V Vasudevan & Shri Jason P Boazit(Tp)A No.529/Bang/2016 (Asst. Year – 2011-12)

For Appellant: Shri T Suryanarayana, AdvocateFor Respondent: Shri C.H Sundar Rao, CIT
Section 143(3)Section 144C(13)Section 92Section 92(1)Section 92B(1)Section 92C

…IN THE INCOME TAX APPELLATE TRIBUNAL, BANGALORE BENCH ‘A’ BEFORE SHRI N.V VASUDEVAN, JUDICIAL MEMBER AND SHRI JASON P BOAZ, ACCOUNTANT MEMBER IT(TP)A No.529/Bang/2016 (Asst. Year – 2011-12) Finastra Software Solutions (India) Pvt. Ltd., (formerly Misys Software Solutions India Private Limited), Bagmane Constellation Business Park, 4 to 6th Floor, Virgo Building, ORR, Doddanekkundi, Marathahalli, Bengaluru. PAN – AAACK 9067G. …..Appellant Vs. The Asst. Commissioner of Income-tax, Circle-(4)(1)(2), Bengaluru. …. Respondent AND IT(TP)A No.491/Bang/2016 (Asst. Year – 2011-12) (By Revenue) Assessee by : Shri T S…

Dy. Commissioner of Income Tax, Circle-1(1)(1), Ahmedabad vs. M/S. Acalmar Oils & Fats Ltd., Ahmedabad

In the result, the appeal is dismissed

ITA 2055/AHD/2016[2011-12]Status: DisposedITAT Ahmedabad12 Feb 2018AY 2011-12

Bench: Shri Pramod Kumar] Assessment Year : 2011-12

Section 115JSection 143(3)Section 14ASection 36(1)(vii)

…SMC-ITA No. 2055/Ahd/2016 DCIT Vs. Acalmar Oils & Fats Ltd Assessment year: 2011-12 Page 1 of 4 IN THE INCOME TAX APPELLATE TRIBUNAL “SMC” BENCH, AHMEDABAD [ Before Shri Pramod Kumar, Accountant Member ] Assessment Year : 2011-12 Dy. Commissioner of Income-tax ......…………......Appellant Circle 1(1)(1), Ahmedabad Vs. Acalmar Oils & Fats Limited .......................Respondent ‘A’ Wing, Room No.309, 3rd Floor, Pratyakhash Kar Bhavan, Ambawadi, Ahmedabad-380015 [PAN : AADCA 3673 P] Appearances by: Santosh Karnani for the appellant Ira Kapoor for the respondent Date of concluding the hearing : 20.11.2017 Date o…

DCIT vs. M/S Aci Worldwide Solutions Pvt. Ltd

In the result, the Revenue’s appeal and the cross objection

ITA 477/BANG/2013[2005-06]Status: DisposedITAT Bangalore31 Oct 2016AY 2005-06

Bench: Smt. Asha Vijayaraghavan & Shri. S. Jayaraman

For Appellant: Shri. Padam Chand Khincha, CAFor Respondent: Shri. H. Ananda, JCIT
Section 92C

…IT(TP)A.477/Bang/2013 & CO.153/Bang/2015 Page - 1 IN THE INCOME TAX APPELLATE TRIBUNAL BENGALURU BENCH 'A', BENGALURU BEFORE SMT. ASHA VIJAYARAGHAVAN, JUDICIAL MEMBER AND SHRI. S. JAYARAMAN, ACCOUNTANT MEMBER I.T(TP).A No.477/Bang/2013 (Assessment Years : 2005-06) Deputy Commissioner of Income Tax, Circle -11(1), Bengaluru ..Assessee v. M/s. ACI Worldwide Solutions P. Ltd, Salarpuria Cambridge Mall, No.9, Ulsoor, Bengaluru 560 008 ..Respondent PAN : AAACV7566R Cross objection No.153/Bang/2015 (In I.T(TP).A No.477/Bang/2013) (Assessment Years : 2005-06) (By the Assessee) Assessee by : Shri. Padam Chand Kh…

Bearing Point Business Consulting (P.) Ltd. v. DCIT (33 Taxmann.com 92) — Cited in 10 Judgments | BharatTax