Rulings ( 7873 results )

HC: Disposes writ/appeal on comparables-selection; ITAT to grant opportunity of being heard to both-parties

  • In Favour of Assessee
  • Citation Number : TS-529-HC-2021(BOM)-TP
  • Tax Payer : Jacob Engineering India Pvt Ltd

ITAT: Denies profit-attribution; No business-connection or PE in India for ESPN Star Sports Mauritius

  • In Favour of Assessee
  • Citation Number : TS-528-ITAT-2021(DEL)-TP
  • Tax Payer : ESPN STAR SPORTS MAURITIUS SNC ET COMPAGNIE

ITAT: Quashes assessment order passed beyond one month from receiving DRP directions

  • In Favour of Assessee
  • Citation Number : TS-1131-ITAT-2016(DEL)-TP
  • Tax Payer : Fresenius Kabi Oncology Ltd (earlier known as M/s Dabur Pharma Ltd.)

ITAT: Remits TP-adjustment on intra group services; Rejects TPO’s NIL ALP determination

  • In Favour of Both, Partially
  • Citation Number : TS-526-ITAT-2021(Bang)-TP
  • Tax Payer : Lifestyle International (P) Limited

ITAT: Rejects Eclerx and TCS E-Serve for ITeS captive-service provider; Deletes outstanding AE-receivables TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-527-ITAT-2021(DEL)-TP
  • Tax Payer : CPA Global Support Services India Private Limited

ITAT: Stays demand, subject to refund adjustment of 20%, considering favourable precedents

  • In Favour of Assessee
  • Citation Number : TS-1265-ITAT-2020(CHNY)-TP
  • Tax Payer : Virtusa Consulting Services Private Limited

ITAT: Grants stay basis prima-facie case, subject to payment/ refund adjustment for 20% of demand

  • In Favour of Assessee
  • Citation Number : TS-525-ITAT-2021(HYD)-TP
  • Tax Payer : Infor (India) Private Limited

ITAT: Upholds ALP of interest-free AE-loan at LIBOR+300bps, quotes earlier-order; Acknowledges suo-motu adjustment

  • In Favour of Assessee
  • Citation Number : TS-519-ITAT-2021(Mum)-TP
  • Tax Payer : Air Works India (Engineering) Pvt Ltd

ITAT: Eliminates Just Dial as comparable, cites difference in nature of services & business model

  • In Favour of Assessee
  • Citation Number : TS-524-ITAT-2021(PUN)-TP
  • Tax Payer : Garrett Motion Technologies (India) Private Limited

ITAT: Upholds assessee's CUP over TPO’s TNMM; Accepts application of customs database, follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-521-ITAT-2021(DEL)-TP
  • Tax Payer : TRL Riceland Pvt. Ltd

ITAT: Rules on comparables for software development segment; Remits 10 & Excludes 2 comparables

  • In Favour of Both, Partially
  • Citation Number : TS-523-ITAT-2021(Bang)-TP
  • Tax Payer : Arista Networks India Private Limited

ITAT: Upholds CIT(A)'s LIBOR+5% rate for AE loans; Rules on comparables for SWD, manufacturing activity & more!

  • In Favour of Both, Partially
  • Citation Number : TS-520-ITAT-2021(DEL)-TP
  • Tax Payer : Omaxe Ltd

ITAT: Companies having export-turnover functionally dissimilar to ones operating in domestic-market; Remits ALP determination

  • In Favour of Assessee
  • Citation Number : TS-522-ITAT-2021(DEL)-TP
  • Tax Payer : BWI Automotive Technologies Pvt Ltd

HC: Cannot consider one-sided benefit for TP-adjustment on delayed AE receivables; Dismisses Revenue’s appeal

  • In Favour of Assessee
  • Citation Number : TS-518-HC-2021(DEL)-TP
  • Tax Payer : Mckinsey Knowledge Centre India Pvt Ltd

ITAT: Rejects use of international CUP for benchmarking purchase transactions qua India, cites geographical differences

  • In Favour of Both, Partially
  • Citation Number : TS-517-ITAT-2021(PUN)-TP
  • Tax Payer : Mubea Automotive India Private Limited (known as Mubea Automotive Components India Pvt Ltd)

ITAT: Remits AMP-adjustment for establishing existence of international-transaction, separation from royalty-payment; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-513-ITAT-2021(Bang)-TP
  • Tax Payer : Kontoor Brands India Pvt Ltd

ITAT: Deletes TP adjustment on intra-group services and interest on AE receivables

  • In Favour of Assessee
  • Citation Number : TS-514-ITAT-2021(DEL)-TP
  • Tax Payer : Avery Dennison (India) P Ltd

ITAT: Upholds TP-adjustment on sale of land to AE; Grants 90-day grace before charging interest

  • In Favour of Both, Partially
  • Citation Number : TS-515-ITAT-2021(Mum)-TP
  • Tax Payer : Baker Hughes Oilfield Services India P. Ltd

ITAT: Upholds revisionary proceedings; Assessment order passed without TPO's report despite TP reference

  • In Favour of Revenue
  • Citation Number : TS-512-ITAT-2021(DEL)-TP
  • Tax Payer : JNS Instruments Ltd

ITAT: Upholds non-applicability of Sec 271(G) penalty; TP documents furnished immediately after second notice

  • In Favour of Assessee
  • Citation Number : TS-510-ITAT-2021(DEL)-TP
  • Tax Payer : WIPRO GE Health Care Pvt. Ltd