Rulings ( 11942 results )

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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
Income tax Appellate Tribunal

ITAT: Adopts corporate-guarantee fee ALP at 0.5%; Remits issue for ascertaining expenditure incurred by assessee

  • In Favour of Assessee
  • Citation Number : TS-544-ITAT-2021(PUN)-TP
  • Tax Payer : Bilcare Limited
Income tax Appellate Tribunal

ITAT: Excludes Killick Agency and Marketing Ltd as comparable for Nokia Sales citing functional dissimilarity

  • In Favour of Assessee
  • Citation Number : TS-547-ITAT-2021(DEL)-TP
  • Tax Payer : Nokia India Sales 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-542-ITAT-2021(Kol)-TP
  • Tax Payer : Star Paper Mills Limited
Income tax Appellate Tribunal

ITAT: Applies MAP-approved margin on transactions with UK AEs to non-UK jurisdictions

  • In Favour of Assessee
  • Citation Number : TS-537-ITAT-2021(Bang)-TP
  • Tax Payer : Tesco Bengaluru Pvt Ltd
Income tax Appellate Tribunal

ITAT: Highlights inconsistency in accounting practice for excluding comparables in ITES segment; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-538-ITAT-2021(HYD)-TP
  • Tax Payer : TNS India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Restricts TP-adjustment to AE transactions; Deletes ALP-adjustment pertaining to interest receivables

  • In Favour of Assessee
  • Citation Number : TS-540-ITAT-2021(HYD)-TP
  • Tax Payer : Value Momentum Software Services P Ltd
Income tax Appellate Tribunal

ITAT: Quashes CIT's revisionary-jurisdiction given adequate inquiry by AO, order not erroneous or prejudicial to Revenue

  • In Favour of Assessee
  • Citation Number : TS-539-ITAT-2021(Mum)-TP
  • Tax Payer : Reliance Life Sciences Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs benchmarking of royalty on standalone-basis; Accepts receipt of intra-group services basis documentary-evidence

  • In Favour of Both, Partially
  • Citation Number : TS-541-ITAT-2021(PUN)-TP
  • Tax Payer : Johnson Matthey Chemicals India Private Limited
Income tax Appellate Tribunal

ITAT: Grants further stay-extension to Dell International Services India; Assessee not to seek adjournment

  • In Favour of Assessee
  • Citation Number : TS-535-ITAT-2021(Bang)-TP
  • Tax Payer : Dell International Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on royalty, information system services, exports, ECB etc; Follows earlier-orders

  • In Favour of Assessee
  • Citation Number : TS-536-ITAT-2021(Mum)-TP
  • Tax Payer : Firemenich Aromatics (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes guarantee-commission on loan advanced by assessee himself; Deletes interest on outstanding AE-receivables

  • In Favour of Assessee
  • Citation Number : TS-534-ITAT-2021(Mum)-TP
  • Tax Payer : Oracle Financial Services Software Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables applying upper turnover-filter of Rs 200 crores for captive software-developer

  • In Favour of Assessee
  • Citation Number : TS-533-ITAT-2021(Bang)-TP
  • Tax Payer : Galax E Solutions India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on SDT; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-532-ITAT-2021(PAN)-TP
  • Tax Payer : Scorpio Iron Limited
Income tax Appellate Tribunal

ITAT: Denies mark-up on transaction costs; Upholds mark-up for credit rating of AE qua loan-transaction

  • In Favour of Both, Partially
  • Citation Number : TS-531-ITAT-2021(DEL)-TP
  • Tax Payer : Shyam Telecom Ltd
High Court

HC: Treats assessment order in violation of Sec.144C as draft order; Directs DRP for time-bound disposal of objections

  • In Favour of Both, Partially
  • Citation Number : TS-530-HC-2021(DEL)-TP
  • Tax Payer : CRITEO SINGAPORE PTE. LTD.