Rulings ( 11521 results )

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Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on fees charged to AE, holds TNMM more appropriate than CUP

Jul 27, 2021
  • In Favour of Assessee
  • Citation Number : TS-305-ITAT-2021(Mum)-TP
  • Tax Payer : Hapag Lloyd India Private Limited
Income tax Appellate Tribunal

ITAT: Directs separate benchmarking of IT & ITES segments; Upholds ‘head count’ principle for allocation of common expenses

Jul 26, 2021
  • In Favour of Assessee
  • Citation Number : TS-300-ITAT-2021(DEL)-TP
  • Tax Payer : Orange Business Services India Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on AMP expenditure for Kellogg India; Follows earlier order

Jul 26, 2021
  • In Favour of Assessee
  • Citation Number : TS-302-ITAT-2021(Mum)-TP
  • Tax Payer : Kellogg India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables citing high brand-value, functional-dissimilarity etc for software-development service provider

Jul 26, 2021
  • In Favour of Assessee
  • Citation Number : TS-304-ITAT-2021(Bang)-TP
  • Tax Payer : SAP LABS India Pvt. Ltd
High Court

HC: Directs ITAT to expedite system for uploading daily order-sheets, revised cause-list on website

Jul 26, 2021
  • In Favour of Assessee
  • Citation Number : TS-303-HC-2021(DEL)-TP
  • Tax Payer : Ankit Kapoor
High Court

HC: Upholds CIT(A)'s addition of excess profit u/s 10B(7) as IFOS; Sets aside ITAT's deletion

Jul 23, 2021
  • In Favour of Revenue
  • Citation Number : TS-301-HC-2021(MAD)-TP
  • Tax Payer : Tweezerman (India) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Delineates the essence behind application of various qualitative & quantitative filters for determining ALP

Jul 23, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-299-ITAT-2021(Mum)-TP
  • Tax Payer : Citicorp Services India Ltd
Income tax Appellate Tribunal

ITAT: Grants deduction towards FOREX loss; Deletes TP-addition made w.r.t marketing service fees

Jul 22, 2021
  • In Favour of Assessee
  • Citation Number : TS-298-ITAT-2021(Mum)-TP
  • Tax Payer : Sabre Travel Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment on account of interest on outstanding receivables

Jul 22, 2021
  • In Favour of Assessee
  • Citation Number : TS-297-ITAT-2021(HYD)-TP
  • Tax Payer : IVY Comptech Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Allows assessee’s appeal; Deletes Sec.271BA penalty for failure to report "retrospective" international transactions

Jul 21, 2021
  • In Favour of Assessee
  • Citation Number : TS-294-ITAT-2021(HYD)-TP
  • Tax Payer : Batronics India Limited
Income tax Appellate Tribunal

ITAT: Quashes Sec.263-order; TPO reference for SDT not required post omission of Sec-92BA(i)

Jul 21, 2021
  • In Favour of Assessee
  • Citation Number : TS-295-ITAT-2021(Ahd)-TP
  • Tax Payer : Shri Ashish Subodchandra Shah
Foreign Court

FC: EU dismisses Nike-Group's appeal challenging investigation qua Netherlands APA being unlawful state aid

Jul 20, 2021
  • In Favour of Revenue
  • Citation Number : TS-293-FC-2021(EUR)-TP
  • Tax Payer : Nike Group
High Court

HC: Dismisses assessee's writs against reassessments, upholds AO's "reason to believe" income escaped assessment

Jul 19, 2021
  • In Favour of Revenue
  • Citation Number : TS-313-HC-2021(MAD)-TP
  • Tax Payer : Aban Offshore Ltd
Income tax Appellate Tribunal

ITAT: Denies blanket stay to Vodafone against Rs. 1128Cr. demand; Directs Rs. 230Cr. deposit, Rs. 900Cr. corporate-guarantee

Jul 19, 2021
  • In Favour of Revenue
  • Citation Number : TS-291-ITAT-2021(Mum)-TP
  • Tax Payer : Vodafone India Services P. Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP determination qua payment for advisory services; Follows earlier orders

Jul 16, 2021
  • In Favour of Assessee
  • Citation Number : TS-289-ITAT-2021(PUN)-TP
  • Tax Payer : Emerson Climate Technologies (India) Private Limited
Income tax Appellate Tribunal

ITAT: Remits TP-adjustments w.r.t royalty-payments, management fee; Follows earlier order

Jul 16, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-290-ITAT-2021(PUN)-TP
  • Tax Payer : Carraro India Private Limited
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment on advances to examine whether investment made for equity-purpose; Partly allows assessee's-MA

Jul 15, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-288-ITAT-2021(HYD)-TP
  • Tax Payer : GSS Infotech Ltd
Income tax Appellate Tribunal

ITAT: Grants conditional stay of three months; directs assessee to not seek adjournment unless necessary

Jul 15, 2021
  • In Favour of Revenue
  • Citation Number : TS-287-ITAT-2021(CHNY)-TP
  • Tax Payer : Sanmina SCI India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on notional interest on receivables for debt free company

Jul 15, 2021
  • In Favour of Assessee
  • Citation Number : TS-286-ITAT-2021(DEL)-TP
  • Tax Payer : Avaya India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar Infosys BPO, TCS E-serve; Includes Crystal Voxx as comparables for ITES

Jul 13, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-285-ITAT-2021(Bang)-TP
  • Tax Payer : Ocwen Financial Solutions Pvt Ltd