Rulings ( 11937 results )

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Income tax Appellate Tribunal

ITAT: Allows exclusion of four comparables; Disallows negative working-capital adjustment for captive software-developer

  • In Favour of Assessee
  • Citation Number : TS-603-ITAT-2021(Bang)-TP
  • Tax Payer : GXS India Technology Centre Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-analysis after due consideration of assessee's business-model; MAM determination, a consequent exercise

  • In Favour of Both, Partially
  • Citation Number : TS-605-ITAT-2021(Bang)-TP
  • Tax Payer : Trianz Holdings Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables, depreciation adjustment and negative work capital adjustment for captive ITES provider

  • In Favour of Assessee
  • Citation Number : TS-601-ITAT-2021(Bang)-TP
  • Tax Payer : Outsourcepartners International Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts foreign-AE as tested-party, Rejects transaction aggregation; Directs notional-interest qua overdue AE-receivables

  • In Favour of Both, Partially
  • Citation Number : TS-600-ITAT-2021(Mum)-TP
  • Tax Payer : WNS Global Services Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Admits additional ground against non-application of upper turnover filter; Remits ALP determination

  • In Favour of Assessee
  • Citation Number : TS-602-ITAT-2021(Bang)-TP
  • Tax Payer : Apigee Technologies (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for SWD service-provider; Allows risk adjustment

  • In Favour of Assessee
  • Citation Number : TS-599-ITAT-2021(Bang)-TP
  • Tax Payer : SAP Lab Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows exclusion of L&T Infotech, Persistent Systems and Tech Mahindra for SWD service-provider

  • In Favour of Assessee
  • Citation Number : TS-598-ITAT-2021(Bang)-TP
  • Tax Payer : Nvidia Graphics Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits determination of MAM qua import of finished/ semi-finished goods; Refrains from adjudicating on comparables

  • In Favour of Both, Partially
  • Citation Number : TS-597-ITAT-2021(Bang)-TP
  • Tax Payer : AMC Cookware (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment made basis AEs as comparables; Follows Tecnimont

  • In Favour of Assessee
  • Citation Number : TS-596-ITAT-2021(HYD)-TP
  • Tax Payer : Corteva Agriscience Services India Private Limited
Income tax Appellate Tribunal

ITAT: Directs segregation of ALP-determination for Contract Software Development and ITeS segments; follows precedent

  • In Favour of Assessee
  • Citation Number : TS-595-ITAT-2021(DEL)-TP
  • Tax Payer : Orange Business Services India Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds application of internal TNMM as MAM to determine ALP of ITES, follows precedents

  • In Favour of Assessee
  • Citation Number : TS-594-ITAT-2021(Bang)-TP
  • Tax Payer : e4e Business Solutions India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Remits Star-India's case for ALP-determination qua "bundle of sports rights" acquired; Directs appointment of Department's valuer

  • In Favour of Both, Partially
  • Citation Number : TS-593-ITAT-2021(Mum)-TP
  • Tax Payer : Star India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants working-capital adjustment, Denies risk-adjustment, Rules on comparables for SWD segment; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-590-ITAT-2021(Bang)-TP
  • Tax Payer : Capco Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes Bausch & Lomb’s bright-line based AMP adjustment, Follows precedents, absent contradictory facts

  • In Favour of Assessee
  • Citation Number : TS-591-ITAT-2021(DEL)-TP
  • Tax Payer : Bausch & Lomb India Pvt Ltd
High Court

HC: Following Allahabad HC, quashes reassessment notices; Allows Revenue to initiate reassessment under new regime

  • In Favour of Assessee
  • Citation Number : TS-592-HC-2021(RAJ)-TP
  • Tax Payer : Bpip Infra Private Limited
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)'s deletion of TP adjustments; Draft order not passed in second round of proceedings

  • In Favour of Assessee
  • Citation Number : TS-588-ITAT-2021(DEL)-TP
  • Tax Payer : Nokia India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits determination of DAPE existence for a Japanese Sogo-Sosha entity; AO to verify documentary-evidence

  • In Favour of Both, Partially
  • Citation Number : TS-589-ITAT-2021(DEL)-TP
  • Tax Payer : ITOCHU Corporation
Income tax Appellate Tribunal

ITAT: Upholds TNMM over CUP for Sumitomo’s indenting commission; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-586-ITAT-2021(DEL)-TP
  • Tax Payer : Sumitomo Corporation India P. Ltd
High Court

HC: Sets-aside assessment order over non-intimation of DRP-reference; Directs completion of assessment basis DRP's directions

  • In Favour of Assessee
  • Citation Number : TS-587-HC-2021(BOM)-TP
  • Tax Payer : Sulzer Pumps India Private Limited
High Court

HC: Dismisses Revenue's appeal against comparables' selection; Fact-finding by ITAT not perverse

  • In Favour of Assessee
  • Citation Number : TS-584-HC-2021(BOM)-TP
  • Tax Payer : LIIP Advisory India Pvt. Ltd