Rulings ( 11942 results )

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Income tax Appellate Tribunal

ITAT: Deletes Sec.271J penalty; Assessee not an ‘accountant’, ‘merchant banker’ or ‘registered valuer’

  • In Favour of Assessee
  • Citation Number : TS-509-ITAT-2021(DEL)-TP
  • Tax Payer : Danfoss Power Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants further stay extension of 6 months to Google India; Follows Pepsi Foods

  • In Favour of Assessee
  • Citation Number : TS-507-ITAT-2021(Bang)-TP
  • Tax Payer : Google India Private Limited
Income tax Appellate Tribunal

ITAT: Applying Autodesk ruling, excludes 6 comparables for software development segment; Restores TP adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-511-ITAT-2021(Bang)-TP
  • Tax Payer : Biesse Manufacturing Company Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on SDT covered under erstwhile Sec 92BA(i); Directs examination u/s 40A(2)

  • In Favour of Assessee
  • Citation Number : TS-508-ITAT-2021(Bang)-TP
  • Tax Payer : Cauvery Aqua Private Limited
Income tax Appellate Tribunal

ITAT: Upholds re-classification of pass-through costs as intra-group services; Real-intention of documents submitted relevant

  • In Favour of Both, Partially
  • Citation Number : TS-506-ITAT-2021(Bang)-TP
  • Tax Payer : Parexel International (India) Private Limited
Income tax Appellate Tribunal

ITAT: Sets aside non-speaking order deleting Sec.271(1)(c) penalty, directs deliberation on SC-ruling applicability

  • In Favour of Revenue
  • Citation Number : TS-503-ITAT-2021(Mum)-TP
  • Tax Payer : Royal Star Jewellery Private Ltd.
Income tax Appellate Tribunal

ITAT: Grants permission for assessee’s withdrawal of TP appeal absent Revenue's objection

  • In Favour of Assessee
  • Citation Number : TS-504-ITAT-2021(Mum)-TP
  • Tax Payer : MWH India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants over Rs 2,500 crore demand stay to Samsung India Electronics; Considers prima-facie TP-case

  • In Favour of Assessee
  • Citation Number : TS-502-ITAT-2021(DEL)-TP
  • Tax Payer : Samsung India Electronics Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Rejects Revenue’s appeal alleging excessive royalty-payment, relies on ChrysCapital Investment HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-505-ITAT-2021(DEL)-TP
  • Tax Payer : Amway India Enterprises Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds foreign taxes not allowable deduction u/s 37(1); Rules on comparables selection in SWD, ITeS

  • In Favour of Both, Partially
  • Citation Number : TS-499-ITAT-2021(HYD)-TP
  • Tax Payer : Infor (India) Private Limited
Income tax Appellate Tribunal

ITAT: Upholds deletion of ALP-adjustment on allocation of salary, interest on loans

  • In Favour of Assessee
  • Citation Number : TS-501-ITAT-2021(Mum)-TP
  • Tax Payer : Rabo India Finance Limited
Income tax Appellate Tribunal

ITAT: Restores appeal over selection of comparables to DRP with direction for considering Assessee's evidence

  • In Favour of None/NA
  • Citation Number : TS-500-ITAT-2021(HYD)-TP
  • Tax Payer : R.A.K. Ceramics India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Grants stay, considers 20% of demand already paid, prima facie favourability of case

  • In Favour of Assessee
  • Citation Number : TS-498-ITAT-2021(Bang)-TP
  • Tax Payer : Capco Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Extends stay, considers payment of 20% demand; Delay in appeal-disposal not attributable to assessee

  • In Favour of Assessee
  • Citation Number : TS-497-ITAT-2021(CHNY)-TP
  • Tax Payer : Durr India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes multiple comparables under Software-Development, Marketing-Support Services segments; Remits working capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-494-ITAT-2021(Bang)-TP
  • Tax Payer : Mformation Software Technologies (I) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment on financial guarantee and interest on AE loans; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-493-ITAT-2021(Mum)-TP
  • Tax Payer : Greatship (India) Ltd
Income tax Appellate Tribunal

ITAT: Restricts TP-adjustment to 0.5% considering guarantee as international-transaction; Follows Redington over assessee’s own case

  • In Favour of Both, Partially
  • Citation Number : TS-492-ITAT-2021(Ahd)-TP
  • Tax Payer : Rubamin Ltd
Income tax Appellate Tribunal

ITAT: Remits benchmarking of management-services & selection of comparable for freight-forwarding business; Follows earlier-orders

  • In Favour of Both, Partially
  • Citation Number : TS-496-ITAT-2021(DEL)-TP
  • Tax Payer : JAS Forwarding Worldwide Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes AMP adjustment basis favourable precedents, absent agreement between assessee and AE

  • In Favour of Assessee
  • Citation Number : TS-495-ITAT-2021(CHNY)-TP
  • Tax Payer : Nippon Paint India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Extends stay for Google India; Follows Pepsi Foods, SAP Labs rulings

  • In Favour of Assessee
  • Citation Number : TS-491-ITAT-2021(Bang)-TP
  • Tax Payer : Google India Pvt Ltd