Rulings ( 11521 results )

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Income tax Appellate Tribunal

ITAT: Cannot reopen assessment for MAM-substitution to satisfy assessee’s needs; Confirms CUP as MAM

Jul 13, 2021
  • In Favour of Revenue
  • Citation Number : TS-1145-ITAT-2017(CHNY)-TP
  • Tax Payer : POS Hyundai Steel Manufacturing Pvt Ltd
High Court

HC: Precludes assessee from challenging AO's Sec-154 jurisdiction-issue which wasn't contested before lower-authorities

Jul 13, 2021
  • In Favour of Revenue
  • Citation Number : TS-284-HC-2021(MAD)-TP
  • Tax Payer : POS Hyundai Steel Manufacturing Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 2, includes 2 comparables for software-development services provider; Follows NXP India ruling

Jul 13, 2021
  • In Favour of Assessee
  • Citation Number : TS-283-ITAT-2021(Bang)-TP
  • Tax Payer : ARM Embedded Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Definition of "relative" under Sec-56(2)(v) inapplicable while determining SDT; Deletes Sec-271AA-penalty

Jul 13, 2021
  • In Favour of Assessee
  • Citation Number : TS-282-ITAT-2021(PUN)-TP
  • Tax Payer : Smt. Anita Sunil Mahajan
High Court

HC: Questioning whether assessee incurred expenditure, beyond TPO’s jurisdiction; Rejects Nil-ALP w.r.t royalty-payments

Jul 12, 2021
  • In Favour of Assessee
  • Citation Number : TS-281-HC-2021(KAR)-TP
  • Tax Payer : Luwa India Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Holds corporate guarantee as international-transaction; Determines commission at 0.9%

Jul 12, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-280-ITAT-2021(HYD)-TP
  • Tax Payer : GOCL Corporation Limited
Income tax Appellate Tribunal

ITAT: Excludes Acropetal Technologies, cites fraud committed as per SEBI Regulations

Jul 12, 2021
  • In Favour of Assessee
  • Citation Number : TS-279-ITAT-2021(CHNY)-TP
  • Tax Payer : J Ray McDermott Engineering Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables-selection; AO to compute mean of working-capital adjustment w.r.t comparables retained

Jul 07, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-278-ITAT-2021(Bang)-TP
  • Tax Payer : Altisource Business Solutions Private Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables-selection; Rejects negative working-capital for captive service provider

Jul 07, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-277-ITAT-2021(Bang)-TP
  • Tax Payer : Quest Global Engineering Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4, remits 6 comparables for assessee’s SWD and marketing support services

Jul 07, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-276-ITAT-2021(Bang)-TP
  • Tax Payer : Analog Devices India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes Sec-263 order against SDT non-reference to TPO; Omission of Sec-92BA(i) unconditional

Jul 06, 2021
  • In Favour of Assessee
  • Citation Number : TS-275-ITAT-2021(NAG)-TP
  • Tax Payer : S.B Cotgin Pvt Ltd
Income tax Appellate Tribunal

ITAT: Segmental-data unavailability results into exclusion of comparables; Excludes FBT expense while PLI-computation

Jul 06, 2021
  • In Favour of Assessee
  • Citation Number : TS-274-ITAT-2021(DEL)-TP
  • Tax Payer : Globe Ground India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP addition w.r.t reimbursement of expenses, CIT(A) didn't disprove assessee's facts

Jul 05, 2021
  • In Favour of Assessee
  • Citation Number : TS-273-ITAT-2021(Ahd)-TP
  • Tax Payer : Claris Lifesciences Ltd
Income tax Appellate Tribunal

ITAT: Grants conditional stay to SWD-service provider subject to payment of 24 lakhs

Jul 05, 2021
  • In Favour of Assessee
  • Citation Number : TS-272-ITAT-2021(Bang)-TP
  • Tax Payer : OLF (India) Software Pvt Ltd
Income tax Appellate Tribunal

ITAT: Considers practical difficulty qua information submission for diamond-merchants; Deletes Sec. 271G-penalty

Jul 05, 2021
  • In Favour of Assessee
  • Citation Number : TS-271-ITAT-2021(Mum)-TP
  • Tax Payer : Hari Krishna Exports Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment for auditor's certificate on segmental details; Upholds additional grounds admissibility by DRP

Jul 02, 2021
  • In Favour of Assessee
  • Citation Number : TS-270-ITAT-2021(Bang)-TP
  • Tax Payer : ASM Technologies Ltd.
Income tax Appellate Tribunal

ITAT: Finds TP-adjustment on royalty-payments devoid of evidence; Follows earlier order

Jul 02, 2021
  • In Favour of Assessee
  • Citation Number : TS-269-ITAT-2021(DEL)-TP
  • Tax Payer : Expeditors International (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Applies Rs.200 Cr. turnover-filter for SWD service provider, excludes 5 comparables

Jul 02, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-268-ITAT-2021(Bang)-TP
  • Tax Payer : Evolving Systems Network India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants Assessee another opportunity to satisfactorily establish ALP of intra-group services

Jul 02, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-267-ITAT-2021(Bang)-TP
  • Tax Payer : 3M India Limited
Income tax Appellate Tribunal

ITAT: Adjudicates on TP-adjustment over CCD-interest, royalty, AMP for Nike India; Follows precedents

Jul 01, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-266-ITAT-2021(Bang)-TP
  • Tax Payer : Nike India Private Limited