Rulings ( 11521 results )

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Income tax Appellate Tribunal

ITAT: Deletes TP-addition on account of various guarantees; Follows earlier-orders

Mar 24, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-139-ITAT-2021(Mum)-TP
  • Tax Payer : KEC International Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for software, marketing support-services segments; Remits outstanding AE-receivables TP-adjustment

Mar 24, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-140-ITAT-2021(Bang)-TP
  • Tax Payer : Salesforce.com India Private Limited
Income tax Appellate Tribunal

ITAT: Upholds relevance of turnover filter, allows risk adjustment; Rules on comparables and outstanding receivables

Mar 24, 2021
  • In Favour of Assessee
  • Citation Number : TS-141-ITAT-2021(Bang)-TP
  • Tax Payer : Zynga Game Network India Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal on TP issues, cites tax effect less than 1 crore

Mar 24, 2021
  • In Favour of Assessee
  • Citation Number : TS-769-HC-2020(MAD)-TP
  • Tax Payer : Flow Link Systems P. Ltd
Income tax Appellate Tribunal

ITAT: Remits benchmarking of interest on outstanding AE receivables using LIBOR; Follows Avenue Asia Ruling

Mar 22, 2021
  • In Favour of Assessee
  • Citation Number : TS-134-ITAT-2021(Bang)-TP
  • Tax Payer : ISG Novasoft Technologies Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on interest on AE-receivables; Rules on exclusion of comparables

Mar 22, 2021
  • In Favour of Assessee
  • Citation Number : TS-135-ITAT-2021(HYD)-TP
  • Tax Payer : Progress Software Development Private Limited
Income tax Appellate Tribunal

ITAT: Deletes twin TP-adjustment on royalty and technical service payments; disregards TPO's benefit-test

Mar 22, 2021
  • In Favour of Assessee
  • Citation Number : TS-136-ITAT-2021(HYD)-TP
  • Tax Payer : Agro Tech Foods Limited
Income tax Appellate Tribunal

ITAT: Distinguishes between after-sales exports and sourcing-service exports; rejects aggregated internal TNMM approach

Mar 22, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-137-ITAT-2021(PUN)-TP
  • Tax Payer : Piaggio Vehicles Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue appeal, upholds LIBOR+2% rate to benchmark interest-free AE advances; follows prior year rulings

Mar 18, 2021
  • In Favour of Assessee
  • Citation Number : TS-132-ITAT-2021(Mum)-TP
  • Tax Payer : Aurionpro Solutions Ltd
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s appeal on TP issues in view of APA resolution

Mar 18, 2021
  • In Favour of Assessee
  • Citation Number : TS-131-ITAT-2021(DEL)-TP
  • Tax Payer : Geodis Overseas Pvt Ltd
Income tax Appellate Tribunal

ITAT: Confirms TP-adjustment qua interest on loan; treats forex as operating-item; rules on selection of various comparables

Mar 18, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-133-ITAT-2021(Ahd)-TP
  • Tax Payer : GHCL Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables citing unavailability of segmental-results/ failure on quantitive-filters; Remits incorrect margin computation

Mar 17, 2021
  • In Favour of Assessee
  • Citation Number : TS-128-ITAT-2021(Mum)-TP
  • Tax Payer : MWH INDIA PVT LTD
Income tax Appellate Tribunal

ITAT: Remits ALP determination for royalty payment following co-ordinate bench ruling in assessee's own case

Mar 17, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-129-ITAT-2021(Mum)-TP
  • Tax Payer : Mahindra Heavy Engines Ltd
Income tax Appellate Tribunal

ITAT: Rules on selection of comparables for assessee engaged in manufacture of automotives; Follows precedents

Mar 17, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-130-ITAT-2021(Bang)-TP
  • Tax Payer : Meritor CVS India (P) Ltd
Income tax Appellate Tribunal

ITAT: Directs AO to compute mean of working-capital-adjustment of comparables retained; Rules on various comparables

Mar 17, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-127-ITAT-2021(Bang)-TP
  • Tax Payer : Altisource Business Solutions Private Ltd
Income tax Appellate Tribunal

ITAT: Adopts CUP as MAM against assessee's TNMM for broking-income from FII-AEs; disregards domestic comparables

Mar 17, 2021
  • In Favour of Revenue
  • Citation Number : TS-126-ITAT-2021(Mum)-TP
  • Tax Payer : UBS Securities India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes TP-order passed beyond 60-day limit u/s 92CA(3A) r.w.s.153(1); Follows Pfizer Healthcare HC-ruling

Mar 16, 2021
  • In Favour of Assessee
  • Citation Number : TS-123-ITAT-2021(DEL)-TP
  • Tax Payer : Louis Dreyfus Commodities India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Sets aside assessment-order passed in non-conformity with DRP directions; Time-barred final assessment-order held ultra-vires

Mar 16, 2021
  • In Favour of Assessee
  • Citation Number : TS-124-ITAT-2021(Bang)-TP
  • Tax Payer : Yokogawa India Limited
Income tax Appellate Tribunal

ITAT: Adjudicates on selection of comparables and remits additional ground of negative working-capital adjustment

Mar 16, 2021
  • In Favour of Assessee
  • Citation Number : TS-125-ITAT-2021(Bang)-TP
  • Tax Payer : Replicon Software (India) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Directs re-computation of working-capital adjustment in accordance with ALP-margins; Rules on comparables

Mar 16, 2021
  • In Favour of Assessee
  • Citation Number : TS-122-ITAT-2021(DEL)-TP
  • Tax Payer : Honda R & D (India) Pvt Ltd