Rulings ( 11521 results )
Income tax Appellate Tribunal
ITAT: Grants conditional stay since case prima-facie in asseesee's favour, Directs payment of 20% outstanding-demand
Aug 19, 2021
- In Favour of Assessee
- Citation Number : TS-348-ITAT-2021(Bang)-TP
- Tax Payer : Biesse Manufacturing Co Pvt Ltd
Income tax Appellate Tribunal
ITAT: Remits ALP determination for purchase of capital goods; Grants opportunity of being heard to assessee
Aug 19, 2021
- In Favour of Both, Partially
- Citation Number : TS-347-ITAT-2021(DEL)-TP
- Tax Payer : ALcatel Lucent India Ltd
Income tax Appellate Tribunal
ITAT: Rejects re-characterization of debentures/CCD as issue of shares; Rules on comparable
Aug 19, 2021
- In Favour of Both, Partially
- Citation Number : TS-346-ITAT-2021(PUN)-TP
- Tax Payer : City Corporation Limited
Income tax Appellate Tribunal
ITAT: Remits capacity-utilization adjustment, directs mandatory compliance with DRP-directions; Restricts TP-adjustment to AE- transactions
Aug 19, 2021
- In Favour of Assessee
- Citation Number : TS-345-ITAT-2021(PUN)-TP
- Tax Payer : Francois Compressors India Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Adjudicates on various tax and TP issues for Cadila-Healthcare; Deletes TP-adjustments, Rs.142Cr. partner's remuneration
Aug 18, 2021
- In Favour of Both, Partially
- Citation Number : TS-344-ITAT-2021(Ahd)-TP
- Tax Payer : Cadila Healthcare Limited
Income tax Appellate Tribunal
ITAT: Rejects TPO’s re-characterization of debentures/CCD as issue of shares, remits ALP-computation; Follows earlier order
Aug 18, 2021
- In Favour of Assessee
- Citation Number : TS-343-ITAT-2021(PUN)-TP
- Tax Payer : City Corporation Limited
Income tax Appellate Tribunal
ITAT: Denies negative working capital adjustment for captive-service-provider; Includes Crystal Voxx as comparable
Aug 18, 2021
- In Favour of Assessee
- Citation Number : TS-342-ITAT-2021(Bang)-TP
- Tax Payer : Encora Innovation India Private Limited (Formerly known as Indecomm Global Services (India) Private Limited)
Income tax Appellate Tribunal
ITAT: Excludes 10 and includes 3 comparables for captive software developer, follows precedents
Aug 18, 2021
- In Favour of Both, Partially
- Citation Number : TS-341-ITAT-2021(DEL)-TP
- Tax Payer : ALcatel Lucent India Ltd
Income tax Appellate Tribunal
ITAT: Directs deletion of AMP-adjustment given higher margins earned from AE transactions; Follows earlier orders
Aug 18, 2021
- In Favour of Assessee
- Citation Number : TS-340-ITAT-2021(DEL)-TP
- Tax Payer : Haier Appliances (India) Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rules on selection of comparables for IT, ITES and BSS segments; Follows precedents
Aug 17, 2021
- In Favour of Both, Partially
- Citation Number : TS-339-ITAT-2021(PUN)-TP
- Tax Payer : Eaton Technologies P. Ltd
Income tax Appellate Tribunal
ITAT: Applies upper-turnover filter of 200 crores for comparables' selection for small software-developer
Aug 17, 2021
- In Favour of Assessee
- Citation Number : TS-337-ITAT-2021(CHNY)-TP
- Tax Payer : Kumaran Systems P. Ltd.
Income tax Appellate Tribunal
ITAT: Directs applicability of APA rollback to extend credit period on AE receivables; Follows precedents
Aug 17, 2021
- In Favour of Assessee
- Citation Number : TS-338-ITAT-2021(Bang)-TP
- Tax Payer : ANZ Operations & Technology Pvt Ltd
Income tax Appellate Tribunal
ITAT: Excludes 11 comparables for assessee providing data processing, back office operation; Follows precedents
Aug 13, 2021
- In Favour of Assessee
- Citation Number : TS-334-ITAT-2021(Mum)-TP
- Tax Payer : DBOI Global Services Pvt Ltd
Income tax Appellate Tribunal
ITAT: Includes comparables, rejects Revenue's observation qua persistent losses
Aug 13, 2021
- In Favour of Assessee
- Citation Number : TS-336-ITAT-2021(Mum)-TP
- Tax Payer : Morgan Stanley Advantage Services Pvt Ltd
Income tax Appellate Tribunal
ITAT: Holds export-commission paid @ 12.5% at ALP, deletes TP-adjustment; Applies rule of consistency
Aug 13, 2021
- In Favour of Assessee
- Citation Number : TS-335-ITAT-2021(Mum)-TP
- Tax Payer : Sanofi India Limited (formerly Aventis Pharma Limited)
Income tax Appellate Tribunal
ITAT: Rectifies Tribunal-order; Replaces ‘working capital adjustment’ with ‘capacity adjustment’
Aug 12, 2021
- In Favour of None/NA
- Citation Number : TS-333-ITAT-2021(PUN)-TP
- Tax Payer : Hyundai Construction Equipment India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustment of INR 10 crores on payment of trade-mark fees; Follows earlier orders
Aug 12, 2021
- In Favour of Assessee
- Citation Number : TS-332-ITAT-2021(DEL)-TP
- Tax Payer : Goodyear India Ltd
Income tax Appellate Tribunal
ITAT: Allows extended AE credit period in light of applicability of APA rollback
Aug 12, 2021
- In Favour of Assessee
- Citation Number : TS-330-ITAT-2021(Bang)-TP
- Tax Payer : ANZ Support Services India Private Limited
Income tax Appellate Tribunal
ITAT: Recalls ex-parte dismissal order after more than a decade; Follows Delhi HC
Aug 10, 2021
- In Favour of Assessee
- Citation Number : TS-331-ITAT-2021(Mum)-TP
- Tax Payer : Techknoweledgy Interactive Partners P. Ltd
High Court
HC: Sets aside assessment-order passed sans DRP's directions; Cites CBDT extension Circular
Aug 09, 2021
- In Favour of Assessee
- Citation Number : TS-329-HC-2021(DEL)-TP
- Tax Payer : ANAND NVH PRODUCTS PRIVATE LIMITED