Rulings ( 11521 results )

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Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on payment towards SAP ERP implementation; Benefit test satisfied

Feb 24, 2021
  • In Favour of Assessee
  • Citation Number : TS-74-ITAT-2021(Mum)-TP
  • Tax Payer : Ciba India Ltd.
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on INR-denominated FCCD interest, accepts SBI PLR+ 300 bps as ALP; Follows precedent

Feb 24, 2021
  • In Favour of Assessee
  • Citation Number : TS-81-ITAT-2021(DEL)-TP
  • Tax Payer : Hacienda Projects Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits functional characterisation issue considering TPO’s change in stance as compared to earlier years

Feb 24, 2021
  • In Favour of Assessee
  • Citation Number : TS-80-ITAT-2021(DEL)-TP
  • Tax Payer : HTC India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects SBI-rates to benchmark interest on AE-receivables; Remits misc. income inclusion for ALP-determination

Feb 23, 2021
  • In Favour of Assessee
  • Citation Number : TS-71-ITAT-2021(HYD)-TP
  • Tax Payer : Seaways Liner Agencies Private
Income tax Appellate Tribunal

ITAT: Remits TP-issue relating to RPT filter, capacity-utilization adjustment, comparables- selection

Feb 23, 2021
  • In Favour of Assessee
  • Citation Number : TS-79-ITAT-2021(Bang)-TP
  • Tax Payer : Kennametal India Ltd
Income tax Appellate Tribunal

ITAT: Vacates TP-adjustment in respect of royalty payments, intra-group services; Follows earlier-order

Feb 23, 2021
  • In Favour of Assessee
  • Citation Number : TS-78-ITAT-2021(Mum)-TP
  • Tax Payer : Dow Agrosciences India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s MA; Excludes Acropetal Technologies for ITeS segment

Feb 23, 2021
  • In Favour of Assessee
  • Citation Number : TS-77-ITAT-2021(Bang)-TP
  • Tax Payer : CGI Information Systems and Management Consultants Pvt Ltd (Successor-in-interest to Logica Pvt. Ltd.,)
Income tax Appellate Tribunal

ITAT: Holds AE-loans, corporate guarantee as international transactions, upholds TP-adjustments

Feb 23, 2021
  • In Favour of Revenue
  • Citation Number : TS-73-ITAT-2021(Mum)-TP
  • Tax Payer : Rosy Blue (India) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustments on share application money, interest free optionally-convertible loan; Follows earlier-orders

Feb 22, 2021
  • In Favour of Assessee
  • Citation Number : TS-68-ITAT-2021(Mum)-TP
  • Tax Payer : Reliance Life Sciences Pvt Ltd
Income tax Appellate Tribunal

ITAT: Vacates TP-adjustment w.r.t interest on delayed export proceeds receivables; Follows Dania Oro ruling

Feb 22, 2021
  • In Favour of Assessee
  • Citation Number : TS-70-ITAT-2021(Mum)-TP
  • Tax Payer : Lily Jewellery Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on SDT covered under erstwhile 92BA(i), directs examination u/s. 40A(2); Follows Texport ruling

Feb 22, 2021
  • In Favour of Assessee
  • Citation Number : TS-64-ITAT-2021(Bang)-TP
  • Tax Payer : Cauvery Aqua Private Limited
Income tax Appellate Tribunal

ITAT: Allows assessee’s-MA; Directs TPO to determine delayed-receivables ALP considering 30 days grace period

Feb 22, 2021
  • In Favour of Assessee
  • Citation Number : TS-72-ITAT-2021(HYD)-TP
  • Tax Payer : United Online Software Development (India) Private Limited
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment of services from AE in light of ITAT-observations for earlier-AY

Feb 19, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-67-ITAT-2021(PUN)-TP
  • Tax Payer : Eaton Power Quality Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on delayed AE-receivables factored in working-capital adjustment; Follows Bechtel, Kusum Healthcare HC-rulings

Feb 19, 2021
  • In Favour of Assessee
  • Citation Number : TS-66-ITAT-2021(DEL)-TP
  • Tax Payer : XL India Business Services Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Restricts TP-adjustment to international transaction; Explains PLI-adoption under combined TNMM approach

Feb 19, 2021
  • In Favour of Assessee
  • Citation Number : TS-69-ITAT-2021(PUN)-TP
  • Tax Payer : Minda Rinder Private Limited
Income tax Appellate Tribunal

ITAT: Corporate-guarantee, 'not international transaction', deletes TP-adjustment; Distinguishes National Engineering ruling

Feb 18, 2021
  • In Favour of Assessee
  • Citation Number : TS-63-ITAT-2021(Kol)-TP
  • Tax Payer : IFGL Refractories Ltd
Income tax Appellate Tribunal

ITAT: Existence of DAPE tax neutral as long as agent remunerated at arm’s length

Feb 18, 2021
  • In Favour of Assessee
  • Citation Number : TS-65-ITAT-2021(Mum)-TP
  • Tax Payer : Asia TV (UK) Ltd
Income tax Appellate Tribunal

ITAT: Remits AMP-adjustment, directs establishment of international transaction, separation of royalty payments

Feb 18, 2021
  • In Favour of Assessee
  • Citation Number : TS-62-ITAT-2021(Bang)-TP
  • Tax Payer : Kontoor Brands India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment in respect of notional-interest on delayed AE-receivables; Follows earlier-order

Feb 17, 2021
  • In Favour of Assessee
  • Citation Number : TS-60-ITAT-2021(DEL)-TP
  • Tax Payer : Gillette Diversified Operations Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables for ITES-provider; Remits capacity-underutilization adjustment

Feb 17, 2021
  • In Favour of Assessee
  • Citation Number : TS-61-ITAT-2021(DEL)-TP
  • Tax Payer : Evalueserve SEZ (Gurgaon) Pvt Ltd