Rulings ( 11525 results )

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Income tax Appellate Tribunal

ITAT: Excludes CTR Manufacturing Industries for manufacturing-segment, cites non-availability of segmental information

Jan 25, 2021
  • In Favour of Assessee
  • Citation Number : TS-27-ITAT-2021(PUN)-TP
  • Tax Payer : Vishay Components India Private Limited
Foreign Court

FC: Danish Tax Court rules on interest on deposits under cash-pooling transaction, upholds risk-margin attribution

Jan 25, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-763-FC-2020-TP
  • Tax Payer : [X] Danish Company
Income tax Appellate Tribunal

ITAT: Excludes 2, Includes 1 as comparables for ITeS-provider; Follows precedents

Jan 22, 2021
  • In Favour of Assessee
  • Citation Number : TS-24-ITAT-2021(PUN)-TP
  • Tax Payer : Ocwen Financial Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: PSU engaged in technical consultancy for infrastructure development not comparable to Havells India

Jan 22, 2021
  • In Favour of Assessee
  • Citation Number : TS-23-ITAT-2021(DEL)-TP
  • Tax Payer : Havells India Ltd
Income tax Appellate Tribunal

ITAT: No separate order required for 2 assessees’, if issues considered independently; Dismisses assessee’s-MP

Jan 22, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-22-ITAT-2021(Bang)-TP
  • Tax Payer : Ingersoll Rand (India) Ltd
High Court

HC: Final order passed sans draft order substantive error, not technical lapse; Allows assessee’s writ

Jan 20, 2021
  • In Favour of Assessee
  • Citation Number : TS-21-HC-2021(MAD)-TP
  • Tax Payer : GE Oil & Gas India Private Ltd
Income tax Appellate Tribunal

ITAT: Overruling wrong application of method doesn’t rule out its selection; Dismisses assessee’s-MA

Jan 20, 2021
  • In Favour of Revenue
  • Citation Number : TS-20-ITAT-2021(PUN)-TP
  • Tax Payer : Carraro India Private Limited
High Court

HC: Sub-sections (1) & (2) of Sec. 92A interlinked; Jockey-USA & Indian licensee not AEs absent Sec 92A(1) fulfillment

Jan 19, 2021
  • In Favour of Assessee
  • Citation Number : TS-19-HC-2021(KAR)-TP
  • Tax Payer : Page Industries Ltd
Foreign Court

FC: Panama Tax Court upholds RPM as MAM for petroleum purchase; Stresses on need for consistency in TP-documentation

Jan 19, 2021
  • In Favour of Revenue
  • Citation Number : TS-762-FC-2020(PNM)-TP
  • Tax Payer : Panamanian Taxpayer
Income tax Appellate Tribunal

ITAT: Rules on comparables; Holds Accentia Technologies as comparable to BPO service provider

Jan 18, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-18-ITAT-2021(DEL)-TP
  • Tax Payer : Serco BPO Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs examination of tested-party margins considering assessee’s objections, remits issue

Jan 18, 2021
  • In Favour of Assessee
  • Citation Number : TS-17-ITAT-2021(DEL)-TP
  • Tax Payer : Sany Heavy Industry India Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal against ITAT’s remand of loan syndication fee attribution issue

Jan 15, 2021
  • In Favour of Assessee
  • Citation Number : TS-760-HC-2020(BOM)-TP
  • Tax Payer : RBS Financial Services (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on treatment of forex gains and comparables for Software-developer

Jan 14, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-14-ITAT-2021(Bang)-TP
  • Tax Payer : CSG Systems International (India) Private Limited
High Court

HC: Dismisses Revenue’s appeal challenging comparables exclusion absent substantial question of law

Jan 14, 2021
  • In Favour of Assessee
  • Citation Number : TS-13-HC-2021(DEL)-TP
  • Tax Payer : Microsoft India (R&D) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Receipt of technical assistance towards production justifies royalty payments; Rejects nil ALP-determination

Jan 13, 2021
  • In Favour of Both, Partially
  • Citation Number : TS-11-ITAT-2021(Mum)-TP
  • Tax Payer : Dow Agrosciences India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts foreign-AE as tested party, considers Revenue’s acceptance in parent co prior to demerger

Jan 13, 2021
  • In Favour of Assessee
  • Citation Number : TS-710-ITAT-2020(Mum)-TP
  • Tax Payer : Majesco Software and Solutions India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on management services availed from international & domestic AEs; Follows precedents

Jan 13, 2021
  • In Favour of Assessee
  • Citation Number : TS-10-ITAT-2021(Mum)-TP
  • Tax Payer : Henkel Chembond Surface Technologies Limited
High Court

HC: Disposes writ petition filed by the assessee filed against reopening of assessment

Jan 13, 2021
  • In Favour of Assessee
  • Citation Number : TS-711-HC-2020(MAD)-TP
  • Tax Payer : PPN Power Generating Company Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits intra-group services issue for satisfaction of rendition & benefits, follows earlier-order

Jan 12, 2021
  • In Favour of Assessee
  • Citation Number : TS-12-ITAT-2021(Bang)-TP
  • Tax Payer : Disa India Ltd
Foreign Court

FC: Canada Tax Court: Revenue’s opinion on taxpayer’s downward TP-adjustment eligibility subject to Tax Court’s jurisdiction

Jan 12, 2021
  • In Favour of Revenue
  • Citation Number : TS-759-FC-2020(CAN)-TP
  • Tax Payer : Dow Chemical Canada LLC