Rulings ( 11521 results )

Filters
Income tax Appellate Tribunal

ITAT: Upholds EURIBOR as ALP for benchmarking EURO-denominated AE-loans; Holds guarantee-fee payment of 0.5% at ALP

Mar 31, 2021
  • In Favour of Assessee
  • Citation Number : TS-158-ITAT-2021(Mum)-TP
  • Tax Payer : J.B.Chemicals And Pharmaceuticals Ltd
Income tax Appellate Tribunal

ITAT: Questioning commercial-expediency, alleging service duplication, beyond TPO’s domain; Remits TP-adjustment w.r.t marketing-expenses

Mar 31, 2021
  • In Favour of Assessee
  • Citation Number : TS-159-ITAT-2021(Mum)-TP
  • Tax Payer : L'oreal India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue's plea to add AE-loans u/s 69; Upholds ECB-interest, guarantee and service fee as business-expenditure

Mar 31, 2021
  • In Favour of Assessee
  • Citation Number : TS-161-ITAT-2021(Mum)-TP
  • Tax Payer : Rabo India Finance Limited
High Court

HC: Stays TP order on AMP-adjustment pending SC decision; assessee cannot raise limitation plea

Mar 31, 2021
  • In Favour of None/NA
  • Citation Number : TS-160-HC-2021(DEL)-TP
  • Tax Payer : Valvoline Cummins Pvt Ltd
High Court

HC: Uphold CIT's revisionary proceedings; reference to TPO for determination of ALP mandatory

Mar 29, 2021
  • In Favour of Revenue
  • Citation Number : TS-1262-HC-2019(KAR)-TP
  • Tax Payer : Obulapuram Mining Company Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal absence perversity in substantial question of law

Mar 29, 2021
  • In Favour of Assessee
  • Citation Number : TS-156-HC-2021(KAR)-TP
  • Tax Payer : EDS Electronic Data System India Pvt Ltd
High Court

HC: Lists Smart Cube India matter w.r.t comparable-selection on December 8; Tags appeal with assessee’s-own case

Mar 29, 2021
  • In Favour of Assessee
  • Citation Number : TS-770-HC-2020(DEL)-TP
  • Tax Payer : Smart Cube India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4, remits 4 comparables for software-development services provider; Follows precedents

Mar 29, 2021
  • In Favour of Assessee
  • Citation Number : TS-153-ITAT-2021(Bang)-TP
  • Tax Payer : Mavenir Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on selection of comparables for software-developer; Follows NXP-India ruling for differing financial-year companies

Mar 29, 2021
  • In Favour of Assessee
  • Citation Number : TS-154-ITAT-2021(Bang)-TP
  • Tax Payer : Hewlett Packard (India) Software Operation Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds corporate guarantee as international transaction with ALP @ 0.5%; Bank charges/ commission non-operating expense

Mar 29, 2021
  • In Favour of Assessee
  • Citation Number : TS-152-ITAT-2021(PUN)-TP
  • Tax Payer : Bilcare Limited
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables for ITeS-provider, follows various rulings; Remits working-capital adjustment for reconsideration

Mar 29, 2021
  • In Favour of Assessee
  • Citation Number : TS-155-ITAT-2021(Bang)-TP
  • Tax Payer : Acuity Knowledge Center (India) Pvt. Ltd
High Court

HC: Delhi HC refuses exercise of writ-jurisdiction against DRP-directions, inconsistent view qua prior-years not exceptional circumstance

Mar 27, 2021
  • In Favour of Revenue
  • Citation Number : TS-151-HC-2021(DEL)-TP
  • Tax Payer : Sabic India Private Limited
Income tax Appellate Tribunal

ITAT: Allows assessee to contest comparables included in TP-study, excludes 3 citing functional-dissimilarity etc

Mar 26, 2021
  • In Favour of Assessee
  • Citation Number : TS-150-ITAT-2021(Bang)-TP
  • Tax Payer : Fiberlink Software Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes Sec 263 order; Upholds non-applicability of Sec 56(2)(viib) to non-resident share issue

Mar 26, 2021
  • In Favour of Assessee
  • Citation Number : TS-146-ITAT-2021(Ind)-TP
  • Tax Payer : Ruchi J Oil Pvt. Ltd
Income tax Appellate Tribunal

ITAT: AMP not international transaction, follows Maruti Suzuki; Remits other issues

Mar 26, 2021
  • In Favour of Assessee
  • Citation Number : TS-148-ITAT-2021(Mum)-TP
  • Tax Payer : Johnson & Johnson (P.) Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on corporate fees paid by Rolls Royce; Follows earlier-order

Mar 26, 2021
  • In Favour of Assessee
  • Citation Number : TS-149-ITAT-2021(Mum)-TP
  • Tax Payer : Rolls Royce Marine India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on RSU; Takes cognizance of TP-documentation maintained for other payments

Mar 25, 2021
  • In Favour of Assessee
  • Citation Number : TS-142-ITAT-2021(Mum)-TP
  • Tax Payer : Sulzer Pumps India Limited
High Court

HC: Quashes assessment order passed beyond 1 year post ITAT-remand, time-barred u/s.153(2A)

Mar 25, 2021
  • In Favour of Assessee
  • Citation Number : TS-143-HC-2021(MAD)-TP
  • Tax Payer : Freight Systems (India) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Dismisses MA on outstanding receivables; AE's access to assessee's reserves akin to loans

Mar 25, 2021
  • In Favour of Revenue
  • Citation Number : TS-145-ITAT-2021(DEL)-TP
  • Tax Payer : Techbooks International Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds re-characterisation of reimbursement as provision of intra-group services; Remits determination of mark-up

Mar 24, 2021
  • In Favour of Revenue
  • Citation Number : TS-138-ITAT-2021(Bang)-TP
  • Tax Payer : Tata Coffee Limited