Rulings ( 11521 results )

Filters
Income tax Appellate Tribunal

ITAT: Rules on selection of comparables for software-developer, grants working capital adjustment; Follows precedents

Aug 05, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-328-ITAT-2021(Bang)-TP
  • Tax Payer : Huawei Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs ALP determination at 0.5% of corporate-guarantee and LIBOR-rates for interest-free foreign-AE loans

Aug 05, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-327-ITAT-2021(Mum)-TP
  • Tax Payer : Rosy Blue (India) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Allows working-capital adjustment, considers availability of relevant data; Restricts TP-adjustment to international-transaction

Aug 05, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-326-ITAT-2021(Bang)-TP
  • Tax Payer : Inflow Technologies Private Limited
Income tax Appellate Tribunal

ITAT: Rejects Chinese-AE as tested-party, disallows use of Japanese-comparables; Rejects misplaced and flawed segmental- benchmarking

Aug 05, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-325-ITAT-2021(PUN)-TP
  • Tax Payer : Lear Automotive India P Ltd
Income tax Appellate Tribunal

ITAT: Directs deletion of TP-adjustment on ITES, re-characterization of equity investments and reimbursement of software expenses

Aug 04, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-324-ITAT-2021(Mum)-TP
  • Tax Payer : Onward Technologies Limited.
Income tax Appellate Tribunal

ITAT: Directs deletion of TP-adjustment made on account of royalty payment to AE; Follows earlier order

Aug 04, 2021
  • In Favour of Assessee
  • Citation Number : TS-323-ITAT-2021(DEL)-TP
  • Tax Payer : Expeditors International (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Applies India-US MAP margin to transactions with non US-based AEs; Rules on comparables

Aug 04, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-322-ITAT-2021(Bang)-TP
  • Tax Payer : Dell International Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects TPO’s interest charged on outstanding balances, advances given liquidation of overseas-AE

Aug 03, 2021
  • In Favour of Assessee
  • Citation Number : TS-321-ITAT-2021(Mum)-TP
  • Tax Payer : Hilti Manufacturing India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds no TP-adjustment warranted where non-resident assessee remunerates Indian AE at ALP

Aug 03, 2021
  • In Favour of Assessee
  • Citation Number : TS-320-ITAT-2021(Mum)-TP
  • Tax Payer : NGC Network Asia LLC
Income tax Appellate Tribunal

ITAT: Allows exclusion of depreciation to compute cash profit margins for assessee & comparables

Aug 02, 2021
  • In Favour of Assessee
  • Citation Number : TS-315-ITAT-2021(Bang)-TP
  • Tax Payer : Bosch Automotive Electronics India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Holds neither Sec 92BA nor 40A(2) applicable for 100 percent purchases from domestic related party

Aug 02, 2021
  • In Favour of Assessee
  • Citation Number : TS-316-ITAT-2021(DEL)-TP
  • Tax Payer : Mercury Fabric Creations Pvt .Ltd
Income tax Appellate Tribunal

ITAT: Holds corporate guarantee not an international transaction absence bearing on profits; Deletes TP-adjustment

Aug 02, 2021
  • In Favour of Assessee
  • Citation Number : TS-318-ITAT-2021(Ahd)-TP
  • Tax Payer : Kiri Dyes & Chemicals Ltd
Income tax Appellate Tribunal

ITAT: Grants +/-5% range benefit to delete TP-adjustment; Dismisses Revenue’s-appeal on comparables as infructuous

Aug 02, 2021
  • In Favour of Assessee
  • Citation Number : TS-319-ITAT-2021(Mum)-TP
  • Tax Payer : APL Logistics (India) Private Limited
High Court

HC: Sans personal hearing opportunity, Rs. 1000 cr addition on Piramal 'unsustainable'; Explains e-assessment rigours

Jul 31, 2021
  • In Favour of Assessee
  • Citation Number : TS-317-HC-2021(BOM)-TP
  • Tax Payer : Piramal Enterprises Ltd
Income tax Appellate Tribunal

ITAT: Rejects DEPB incentives as adjustment for ALP-computation, cites overriding-effect on Chapter-X application

Jul 30, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-314-ITAT-2021(HYD)-TP
  • Tax Payer : Nava Bharat Ventures Ltd
High Court

HC: Holds e-assessment order passed in violation of 'non-obstante provisions' of Sec.144C illegal, incurably defective

Jul 29, 2021
  • In Favour of Assessee
  • Citation Number : TS-311-HC-2021(BOM)-TP
  • Tax Payer : SHL India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s order of excluding Infosys BPO, Acropetal and eClerx for ITES provider; Follows precedents

Jul 28, 2021
  • In Favour of Assessee
  • Citation Number : TS-309-ITAT-2021(DEL)-TP
  • Tax Payer : Future First Info. Services Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-determination for intra-group services; Assessee to highlight usefulness of voluminous emails produced

Jul 28, 2021
  • In Favour of Assessee
  • Citation Number : TS-310-ITAT-2021(Bang)-TP
  • Tax Payer : Exide Life Insurance Company Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for Huawei Technologies India; Remits working capital plea

Jul 27, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-306-ITAT-2021(Bang)-TP
  • Tax Payer : Huawei Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Stays demand for Shell Global arising from TP adjustment subject to 40% deposit

Jul 27, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-307-ITAT-2021(Ahd)-TP
  • Tax Payer : Shell Global Solutions International BV