Rulings ( 11937 results )

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Income tax Appellate Tribunal

ITAT: Deletes royalty-adjustment under CUP basis another controlled-transaction, Rejects method not covered u/s 92CA for sales-commission

  • In Favour of Assessee
  • Citation Number : TS-565-ITAT-2021(PUN)-TP
  • Tax Payer : Atlas Copco (India) Limited
Income tax Appellate Tribunal

ITAT: Remits ALP-computation basis margins for years held to be comparable, consideration of working-capital adjustment, etc

  • In Favour of Both, Partially
  • Citation Number : TS-561-ITAT-2021(Bang)-TP
  • Tax Payer : Barracuda Networks India Private Limited
Income tax Appellate Tribunal

ITAT: Rejects functionally dissimilar companies for Business support segment, remits incorrect margin computation

  • In Favour of Both, Partially
  • Citation Number : TS-564-ITAT-2021(DEL)-TP
  • Tax Payer : Qualcomm India Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Treats forex gain as operating; Deletes TP-adjustment on interest on AE receivables

  • In Favour of Assessee
  • Citation Number : TS-559-ITAT-2021(DEL)-TP
  • Tax Payer : Convergys India Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Applies turnover filter for excluding 6 comparables, remits TP-adjustment for interest on AE-receivables

  • In Favour of Both, Partially
  • Citation Number : TS-560-ITAT-2021(Bang)-TP
  • Tax Payer : Xchanging Solutions Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment by applying APA-terms for year not covered under APA; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-563-ITAT-2021(Ahd)-TP
  • Tax Payer : Mission Pharma Logistics (India) P Ltd
Income tax Appellate Tribunal

ITAT: Upholds gross margin as ‘PLI’ under Other Method; Rejects Foreign AE as tested party; Remits ALP determination

  • In Favour of Both, Partially
  • Citation Number : TS-558-ITAT-2021(PUN)-TP
  • Tax Payer : A Raymond Fasteners India Private Limited
Income tax Appellate Tribunal

ITAT: Denies stay to assessee absent prima-facie case and willingness to pay disputed-demand

  • In Favour of Assessee
  • Citation Number : TS-556-ITAT-2021(CHNY)-TP
  • Tax Payer : HSI Automatives Pvt Ltd
Income tax Appellate Tribunal

ITAT: Includes e4e Healthcare Business, remits ICRA Online Limited for ITES segment; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-555-ITAT-2021(Bang)-TP
  • Tax Payer : Arctern Consulting (P) Ltd
Income tax Appellate Tribunal

ITAT: Rules on BSS comparables being akin to market support services; Remits working-capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-557-ITAT-2021(Bang)-TP
  • Tax Payer : Lloyds Offshore Global Services Private Limited
Income tax Appellate Tribunal

ITAT: Upholds electricity purchase from SEB as external-CUP over IEX-rates, Accepts at-cost transfer of steam at ALP

  • In Favour of Both, Partially
  • Citation Number : TS-554-ITAT-2021(DEL)-TP
  • Tax Payer : DCM Shriram Ltd
Income tax Appellate Tribunal

ITAT: Grants 50% ‘discounting’ adjustment for brokerage-services vis-a-vis independent & overseas clients; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-550-ITAT-2021(Mum)-TP
  • Tax Payer : Morgan Stanley India Company Private Limited (Formerly known as J.M. Morgan Stanley Securities Private Limited)
Income tax Appellate Tribunal

ITAT: Directs re-computation of interest-adjustment on interest free loan advanced to AE; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-552-ITAT-2021(SUR)-TP
  • Tax Payer : Bialkhia Holdings Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholding internal CUP, deletes downward TP adjustment of SDT involving deduction u/s 80IA

  • In Favour of Assessee
  • Citation Number : TS-553-ITAT-2021(Kol)-TP
  • Tax Payer : Kesoram Industries Ltd
Income tax Appellate Tribunal

ITAT: Upholds arithmetic-mean over weighted-average mean for benchmarking purchase SDT; Highlights proviso to Sec 92C(2)

  • In Favour of Assessee
  • Citation Number : TS-551-ITAT-2021(Kol)-TP
  • Tax Payer : Ankit Metal & Power Ltd
Income tax Appellate Tribunal

ITAT: Rules on multiple issues qua comparables-selections; Treats delayed realization of trade-receivable as international-transaction

  • In Favour of Both, Partially
  • Citation Number : TS-549-ITAT-2021(Bang)-TP
  • Tax Payer : Borqs Software Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects ITES comparables basis extraordinary events, applies RPT, turnover filters

  • In Favour of Both, Partially
  • Citation Number : TS-548-ITAT-2021(PUN)-TP
  • Tax Payer : Entercoms Solutions Private Limited
Income tax Appellate Tribunal

ITAT: Remits ALP-adjudication for purchase of raw-materials on merits, Condemns ignorance of documentary-evidence

  • In Favour of Both, Partially
  • Citation Number : TS-546-ITAT-2021(PUN)-TP
  • Tax Payer : Taiyo Kagaku India Private Limited
Income tax Appellate Tribunal

ITAT: Quashes reassessment-order passed sans draft-order u/s 144C, No reason to believe for income-escapement accorded by AO

  • In Favour of Assessee
  • Citation Number : TS-545-ITAT-2021(PUN)-TP
  • Tax Payer : Fiat India Automobiles Limited
Income tax Appellate Tribunal

ITAT: Highlights minority, immateriality of delayed AE-receivables; Philanthropic AE-sale immaterial for assessee's margins

  • In Favour of Assessee
  • Citation Number : TS-543-ITAT-2021(CHANDI)-TP
  • Tax Payer : Glaxo Smithkline Asia Pvt. Ltd