Rulings ( 11521 results )

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Income tax Appellate Tribunal

ITAT: Rules on selection of comparables, grants risk adjustment; Remits margin-computation dispute

Apr 19, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-183-ITAT-2021(Bang)-TP
  • Tax Payer : CISCO Systems (India) Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Holds corporate-guarantee as international transaction; Fixes arms' length guarantee-fee at 0.50%

Apr 15, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-179-ITAT-2021(CHNY)-TP
  • Tax Payer : Aban Offshore Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP determination for intragroup-services; Assessee to prove substantiation of service rendition

Apr 15, 2021
  • In Favour of Assessee
  • Citation Number : TS-178-ITAT-2021(CHNY)-TP
  • Tax Payer : Control Techniques India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on import of components from AE; Follows earlier orders

Apr 14, 2021
  • In Favour of Assessee
  • Citation Number : TS-176-ITAT-2021(DEL)-TP
  • Tax Payer : Hero MotoCorp Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s appeal on TP issues citing low-tax effect; Refers to new CBDT Circular 17/2019

Apr 14, 2021
  • In Favour of Assessee
  • Citation Number : TS-177-ITAT-2021(DEL)-TP
  • Tax Payer : Accretive Health Services Private Limited
Income tax Appellate Tribunal

ITAT: Accepts inter-unit transfer price as ALP for Sec-80IC deduction; dismisses TPO's profit-shift claim

Apr 14, 2021
  • In Favour of Assessee
  • Citation Number : TS-175-ITAT-2021(DEL)-TP
  • Tax Payer : Hero MotoCorp Ltd.
Income tax Appellate Tribunal

ITAT: Deletes adjustment on interest-free AE - advances citing benefit accrual; Upholds corporate-guarantee as international- transaction

Apr 13, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-174-ITAT-2021(Ahd)-TP
  • Tax Payer : Lambda Therapeutic Research Ltd.
Income tax Appellate Tribunal

ITAT: Remits characterisation of resident-AE recoveries as deemed international transaction; Deletes interest on foreign-AE receivables

Apr 12, 2021
  • In Favour of Assessee
  • Citation Number : TS-172-ITAT-2021(HYD)-TP
  • Tax Payer : M/s ADP Private Ltd
High Court

HC: Assessee’s response to show-cause notice within given time, holds assessment-order perverse

Apr 12, 2021
  • In Favour of Assessee
  • Citation Number : TS-170-HC-2021(KER)-TP
  • Tax Payer : MANICKAN RAVICHANDRAN
Income tax Appellate Tribunal

ITAT: Restores issue on selection of foreign AE as tested party; Follows earlier order

Apr 12, 2021
  • In Favour of Assessee
  • Citation Number : TS-171-ITAT-2021(Ahd)-TP
  • Tax Payer : Sun Pharmaceutical Industries Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s appeal given revised ROI filed applying APA roll back provisions

Apr 12, 2021
  • In Favour of Assessee
  • Citation Number : TS-173-ITAT-2021(DEL)-TP
  • Tax Payer : Knowledge Infrastructure Systems Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Affirms PBDIT as appropriate PLI and upholds relevance of comparability adjustments

Apr 09, 2021
  • In Favour of Assessee
  • Citation Number : TS-168-ITAT-2021(Ahd)-TP
  • Tax Payer : Aerzen Machines (India) Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Upholds TNMM over assessee’s CUP for import transactions; Principally allows +/-5% tolerance range

Apr 09, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-169-ITAT-2021(Mum)-TP
  • Tax Payer : Bunge India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds voluntary TP adjustment made by assessee and dismisses negative WC adjustment for captives

Apr 08, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-167-ITAT-2021(Bang)-TP
  • Tax Payer : Harman Connected Services Corporation Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Upholds assessee’s aggregation of closely-linked transactions; Deletes TP-adjustment on exports

Apr 08, 2021
  • In Favour of Assessee
  • Citation Number : TS-166-ITAT-2021(DEL)-TP
  • Tax Payer : SRF Limited
Income tax Appellate Tribunal

ITAT: Restricts TP-adjustment to AE transaction; Remits working capital adjustment for re-computation

Apr 06, 2021
  • In Favour of Assessee
  • Citation Number : TS-164-ITAT-2021(CHNY)-TP
  • Tax Payer : Doosan Power Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds Internal-CUP for benchmarking AE-loans interest, corporate guarantee; Follows precedents

Apr 06, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-165-ITAT-2021(Mum)-TP
  • Tax Payer : Greatship (India) Ltd
Income tax Appellate Tribunal

ITAT: Quashes draft assessment order issued alongwith demand & penalty notice; Renders TP grounds academic

Apr 05, 2021
  • In Favour of Assessee
  • Citation Number : TS-162-ITAT-2021(Bang)-TP
  • Tax Payer : Suretex Prophylactics (India) Ltd
Income tax Appellate Tribunal

ITAT: Applies rule of consistency; Remits selection of MAM for benchmarking manufacturing segment

Apr 05, 2021
  • In Favour of Assessee
  • Citation Number : TS-163-ITAT-2021(DEL)-TP
  • Tax Payer : Carrier Midea India P Ltd
Income tax Appellate Tribunal

ITAT: Holds corporate guarantee as an international transaction; Follows Redington ruling

Mar 31, 2021
  • In Favour of Revenue
  • Citation Number : TS-157-ITAT-2021(HYD)-TP
  • Tax Payer : Ramky Enviro Engineers Ltd