Rulings ( 11521 results )

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Income tax Appellate Tribunal

ITAT: Grants stay-extension of 3 months; Delay in appeal disposal not attributable to assessee

Oct 01, 2021
  • In Favour of Assessee
  • Citation Number : TS-470-ITAT-2021(CHNY)-TP
  • Tax Payer : Hyundai Motor India Ltd
Income tax Appellate Tribunal

ITAT: Grants conditional stay of 2 months; Assessee to not seek adjournment unless necessary

Oct 01, 2021
  • In Favour of Assessee
  • Citation Number : TS-469-ITAT-2021(CHNY)-TP
  • Tax Payer : Hyundai Motor India Limited
Income tax Appellate Tribunal

ITAT: Draft order u/s 144C mandatory even for remand cases, dismisses Revenue’s appeal; Follows precedents

Oct 01, 2021
  • In Favour of Assessee
  • Citation Number : TS-466-ITAT-2021-TP
  • Tax Payer : Sumitomo Corporation India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds Headquarter Services and Technical Consultancy Services as IGS, not stewardship-services; Follows earlier-order

Oct 01, 2021
  • In Favour of Assessee
  • Citation Number : TS-465-ITAT-2021(PUN)-TP
  • Tax Payer : Nalco Water India Limited
Income tax Appellate Tribunal

ITAT: Upholds assessee’s aggregation under TNMM for benchmarking AE-payments; TPO to finalize consequential computation

Oct 01, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-467-ITAT-2021(HYD)-TP
  • Tax Payer : Zuari Cement Limited
Income tax Appellate Tribunal

ITAT: Classifies Headquarter Services and Technical Consultancy Services as IGS, not stewardship services

Oct 01, 2021
  • In Favour of Assessee
  • Citation Number : TS-464-ITAT-2021(PUN)-TP
  • Tax Payer : Nalco Water India Limited
Income tax Appellate Tribunal

ITAT: Upholds applicability of DRP-route to AY 2010-11; Quashes order for want of JCIT's jurisdiction

Oct 01, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-463-ITAT-2021(DEL)-TP
  • Tax Payer : Jindal Steel & Power Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for software-developer; Restores working capital adjustment

Sep 30, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-459-ITAT-2021(Mum)-TP
  • Tax Payer : NortonLifeLock Software Solutions Private Ltd
Income tax Appellate Tribunal

ITAT: Grants stay of six months; Considers assessee’s willingness to pay 20% of disputed tax

Sep 30, 2021
  • In Favour of Assessee
  • Citation Number : TS-458-ITAT-2021(CHNY)-TP
  • Tax Payer : Hyundai Motor India Ltd
Income tax Appellate Tribunal

ITAT: Rejects aggregation of AE and non-AE transactions; Rejects negative working-capital adjustment plea

Sep 30, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-460-ITAT-2021(Bang)-TP
  • Tax Payer : Ametek Instruments India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules in Hyundai Motor’s favour; Grants further three months' stay extension

Sep 30, 2021
  • In Favour of Assessee
  • Citation Number : TS-462-ITAT-2021(CHNY)-TP
  • Tax Payer : Hyundai Motor India Ltd
Income tax Appellate Tribunal

ITAT: Grants further stay to Hyundai Motor considering 28% of demand already paid

Sep 30, 2021
  • In Favour of Assessee
  • Citation Number : TS-461-ITAT-2021-TP
  • Tax Payer : Hyundai Motor India Engineering Private Limited
High Court

HC: Quashes reassessment-notice based on change of opinion; Highlights AO's conscious-decision to not examine-ALP

Sep 30, 2021
  • In Favour of Assessee
  • Citation Number : TS-457-HC-2021(GUJ)-TP
  • Tax Payer : JRS PHARMA AND GUJARAT MICROWAX PRIVATE LIMITED
Income tax Appellate Tribunal

ITAT: Allows assesssee’s ground wrt AMP-adjustment; Follows earlier order

Sep 29, 2021
  • In Favour of Assessee
  • Citation Number : TS-455-ITAT-2021(Bang)-TP
  • Tax Payer : Kontoor Brands India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment w.r.t royalty, commission and interest on outstanding receivables

Sep 29, 2021
  • In Favour of Assessee
  • Citation Number : TS-452-ITAT-2021(DEL)-TP
  • Tax Payer : COIM India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables for software developer; Directs adoption of correct margin for others

Sep 29, 2021
  • In Favour of Assessee
  • Citation Number : TS-456-ITAT-2021(Bang)-TP
  • Tax Payer : OLF (India) Software Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adjudicates on various TP grounds for Viacom 18 Media; Follows past orders and precedents

Sep 29, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-454-ITAT-2021(Mum)-TP
  • Tax Payer : Viacom 18 Media Pvt Ltd (formerly M/s. MTV Network India Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Permits withdrawal of Microsoft India's appeal on TP grounds in view of APA-resolution

Sep 29, 2021
  • In Favour of Assessee
  • Citation Number : TS-453-ITAT-2021(DEL)-TP
  • Tax Payer : Microsoft India (R&D) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Unilateral AMP expenditure not an international transaction; Relies on Maruti Suzuki over Sony Ericsson

Sep 29, 2021
  • In Favour of Assessee
  • Citation Number : TS-451-ITAT-2021(DEL)-TP
  • Tax Payer : Perfetti Van Melle India Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on royalty-payments and export of finished-goods to AE; Follows earlier order

Sep 28, 2021
  • In Favour of Assessee
  • Citation Number : TS-450-ITAT-2021(Ahd)-TP
  • Tax Payer : Inductotherm (India) Pvt Ltd