Rulings ( 11521 results )

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Income tax Appellate Tribunal

ITAT: Directs separate benchmarking for trading and manufacturing activities; Restricts TP-adjustment to international-transaction

Mar 09, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-101-ITAT-2021(PUN)-TP
  • Tax Payer : Stauff India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds Forex gain/loss, doubtful-debts provisions as operating; Remits treatment of amortization of goodwill

Mar 09, 2021
  • In Favour of Assessee
  • Citation Number : TS-1516-ITAT-2018(DEL)-TP
  • Tax Payer : St Ericsson India Private Limited
High Court

HC: Dismisses Revenue’s appeal challenging Infosys' exclusion as comparable for Software-Development Services provider

Mar 08, 2021
  • In Favour of Assessee
  • Citation Number : TS-767-HC-2020(KAR)-TP
  • Tax Payer : Samsung R&D Institute Bangalore Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remands inclusion of VRS expenses in operating cost base of the comparable

Mar 08, 2021
  • In Favour of Assessee
  • Citation Number : TS-96-ITAT-2021(PUN)-TP
  • Tax Payer : Rieter India Private Limited
High Court

HC: Stays TP order giving effect to ITAT order deleting AMP adjustment pending SC decision on the issue

Mar 08, 2021
  • In Favour of None/NA
  • Citation Number : TS-97-HC-2021(DEL)-TP
  • Tax Payer : Whirlpool of India Ltd
Foreign Court

FC: Canadian SC dismisses CRA Leave Application to lift corporate veil for reallocation of profits to Cameco Canada

Mar 05, 2021
  • In Favour of Assessee
  • Citation Number : TS-95-FC-2021(CAN)-TP
  • Tax Payer : Cameco Corporation
Income tax Appellate Tribunal

ITAT: Accepts assessee’s internal-TNMM over TPO’s external-TNMM for jeweller’s import transactions; Follows earlier orders

Mar 03, 2021
  • In Favour of Assessee
  • Citation Number : TS-91-ITAT-2021(Mum)-TP
  • Tax Payer : SB & T Designs Ltd
Income tax Appellate Tribunal

ITAT: Restores Revenue’s re-characterization of assessee’s ITES as high-end KPO services

Mar 03, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-92-ITAT-2021(Mum)-TP
  • Tax Payer : Pangea3 Legal Database Systems Private Limited
Income tax Appellate Tribunal

ITAT: Allows working-capital adjustment, relevant data of comparables available; Distinguishes Mobis India ruling

Mar 03, 2021
  • In Favour of Assessee
  • Citation Number : TS-93-ITAT-2021(HYD)-TP
  • Tax Payer : Cavium Networks India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits comparability of Alta Moda for ascertaining functions of company exercising power u/s 133(6)

Mar 03, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-94-ITAT-2021(DEL)-TP
  • Tax Payer : Hermes India Retails & Distributors Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-determination under certification services segment for re-considering forex loss/gains, RPT-filter etc.

Mar 01, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-87-ITAT-2021(Bang)-TP
  • Tax Payer : UL India Private Ltd
Income tax Appellate Tribunal

ITAT: TPO jurisdiction is determination of ALP, not commercial expediency or benefit, restores matter

Mar 01, 2021
  • In Favour of Assessee
  • Citation Number : TS-88-ITAT-2021(DEL)-TP
  • Tax Payer : Huawei Telecommunications (India) Company Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects TPO’s internal-CUP for export transactions; Remits ALP-determination following earlier-orders

Mar 01, 2021
  • In Favour of Assessee
  • Citation Number : TS-89-ITAT-2021(PUN)-TP
  • Tax Payer : Atlas Copco (India) Limited
High Court

HC: Division-bench affirms single-bench ruling upholding transaction non-reference in approval application not fatal for making TPO-reference

Feb 26, 2021
  • In Favour of Revenue
  • Citation Number : TS-86-HC-2021(MAD)-TP
  • Tax Payer : Transsys Solutions Private Limited
Income tax Appellate Tribunal

ITAT: Determination of ALP under Rule 10B mutually exclusive vis-a-vis safe harbour definitions under Rule 10TA

Feb 26, 2021
  • In Favour of Assessee
  • Citation Number : TS-85-ITAT-2021(PUN)-TP
  • Tax Payer : Dana India Private Limited
Income tax Appellate Tribunal

ITAT: Confirms use of segmental results against entity level for benchmarking management-support services

Feb 26, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-83-ITAT-2021(DEL)-TP
  • Tax Payer : Roxtech India Private Limited
Income tax Appellate Tribunal

ITAT: AMP not an international- transaction sans agreement between assessee and AE ; Deletes TP-adjustment

Feb 26, 2021
  • In Favour of Assessee
  • Citation Number : TS-84-ITAT-2021(PUN)-TP
  • Tax Payer : Kimberly Clark Lever Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on royalty-payment and AMP-expenses for Mondelez India Foods; Follows earlier-orders

Feb 25, 2021
  • In Favour of Assessee
  • Citation Number : TS-75-ITAT-2021(Mum)-TP
  • Tax Payer : Mondelez India Foods Pvt Ltd
Income tax Appellate Tribunal

ITAT: Restricts TP- adjustment on corporate guarantee, royalty receivable; Deletes TP-adjustment on account of interest

Feb 25, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-82-ITAT-2021(DEL)-TP
  • Tax Payer : Dabur India Ltd
Income tax Appellate Tribunal

ITAT: Deletes 50% profit attribution to subsidiary PE; arms length commission adequate

Feb 25, 2021
  • In Favour of Assessee
  • Citation Number : TS-76-ITAT-2021(DEL)-TP
  • Tax Payer : Ricardo UK Limited