Rulings ( 11521 results )

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Income tax Appellate Tribunal

ITAT: Applies average of MAP-approved margins for US and UK AE-transactions to other jurisdictions

Sep 06, 2021
  • In Favour of Assessee
  • Citation Number : TS-388-ITAT-2021(Bang)-TP
  • Tax Payer : IQVIA RDS (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs DRP to determine MAM by addressing Assessee's objection, pass speaking-order

Sep 03, 2021
  • In Favour of Assessee
  • Citation Number : TS-386-ITAT-2021(Bang)-TP
  • Tax Payer : Shindengen India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Interest “payable” not covered under Art.11 of India-Cyprus DTAA; Deletes TP-adjustment

Sep 03, 2021
  • In Favour of Assessee
  • Citation Number : TS-384-ITAT-2021(DEL)-TP
  • Tax Payer : Mondon Investments Ltd
Income tax Appellate Tribunal

ITAT: Rules on SWD comparables; Grants working-capital adjustment on actual basis

Sep 03, 2021
  • In Favour of Assessee
  • Citation Number : TS-385-ITAT-2021(Bang)-TP
  • Tax Payer : EF Information Systems Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on brand development charges; Adjudicates on treatment of royalty, forex loss etc.

Sep 03, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-387-ITAT-2021(CHNY)-TP
  • Tax Payer : Hyundai Motor India Ltd
Income tax Appellate Tribunal

ITAT: Finds 18% AE-interest justifiable, compares terms with third party loans and market conditions

Sep 03, 2021
  • In Favour of Assessee
  • Citation Number : TS-383-ITAT-2021(JPR)-TP
  • Tax Payer : Ksheer Sagar Developers Pvt Ltd
Income tax Appellate Tribunal

ITAT: Applies India-US MAP margins to non-US AE transactions, applies ITES ruling ratio to SWD

Sep 02, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-377-ITAT-2021(Bang)-TP
  • Tax Payer : Dell International Services India Private Limited
Income tax Appellate Tribunal

ITAT: Adjudicates on multiple comparables for SWD and ITeS segments, applies turnover and RPT filters

Sep 02, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-382-ITAT-2021(Bang)-TP
  • Tax Payer : Robert Bosch Engineering and Business Solutions Ltd
Income tax Appellate Tribunal

ITAT: Fixes corporate-guarantee ALP at 0.5%; Deletes TP-adjustment on share application money

Sep 01, 2021
  • In Favour of Assessee
  • Citation Number : TS-381-ITAT-2021(Mum)-TP
  • Tax Payer : UTV Software Communications Limited
Income tax Appellate Tribunal

ITAT: Remits ALP-determination of CCR Division Cost, accepts assessee’s plea for receipt of service

Sep 01, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-380-ITAT-2021(PUN)-TP
  • Tax Payer : Johnson Matthey Chemicals India Private Limited
Income tax Appellate Tribunal

ITAT: Admits assessee’s additional-ground questioning validity of the TPO-order; Remits issue for fresh adjudication

Sep 01, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-378-ITAT-2021(Bang)-TP
  • Tax Payer : CEA India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP Adjustment on SDT, absent saving clause on omission of Sec 92BA(i)

Sep 01, 2021
  • In Favour of Assessee
  • Citation Number : TS-379-ITAT-2021(DEL)-TP
  • Tax Payer : Yorkn Tech Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Directs inclusion of Acropetal Technologies despite high-profits and SEBI-action; Remits comparability of Onward Technologies

Aug 31, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-375-ITAT-2021(Mum)-TP
  • Tax Payer : Petrofac Engineering Services India Pvt
Income tax Appellate Tribunal

ITAT: Deletes ALP adjustments w.r.t interest-free debt funding to overseas-SPV; Follows earlier order

Aug 31, 2021
  • In Favour of Assessee
  • Citation Number : TS-376-ITAT-2021(Mum)-TP
  • Tax Payer : Bennett Coleman & Co Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s appeal seeking benchmarking of AE interest using CRISIL against LIBOR rates

Aug 31, 2021
  • In Favour of Assessee
  • Citation Number : TS-373-ITAT-2021(HYD)-TP
  • Tax Payer : Divi’s Laboratories Ltd
Income tax Appellate Tribunal

ITAT: Directs CIT(A) to pass a fresh speaking order with independent findings, sets aside cryptic order

Aug 31, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-372-ITAT-2021(Bang)-TP
  • Tax Payer : G Corp Spaces Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Adjudicates on selection of MAM, validity of reference made to TPO u/s 92CA & more!

Aug 31, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-374-ITAT-2021(PUN)-TP
  • Tax Payer : Sava Medica Ltd
Income tax Appellate Tribunal

ITAT: Rejects SBI term deposit rates for AE interest-receivables, deletes TP-adjustment; Rules on comparables

Aug 30, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-371-ITAT-2021(HYD)-TP
  • Tax Payer : Ivy Comptech Private Ltd
Income tax Appellate Tribunal

ITAT: Holds corporate guarantee as an international transaction under sec 92B; Follows Redington India ruling

Aug 30, 2021
  • In Favour of Revenue
  • Citation Number : TS-368-ITAT-2021(HYD)-TP
  • Tax Payer : NCC Limited
Income tax Appellate Tribunal

ITAT: Excludes 2 comparables applying Rs.200 crores upper-turnover filter; Remits benchmarking of interest on AE-receivables

Aug 30, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-369-ITAT-2021(Bang)-TP
  • Tax Payer : IMS Health Analytics Services Pvt Ltd