Rulings ( 11525 results )
Income tax Appellate Tribunal
ITAT: Issuance of Corporate Guarantee ‘shareholder activity’, follows Micro Ink; Deletes TP adjustment
Jan 11, 2021
- In Favour of Assessee
- Citation Number : TS-9-ITAT-2021(Ahd)-TP
- Tax Payer : AIA Engineering Ltd
High Court
HC: Dismisses working-cap & risk adjustments plea absent substantial question of law; Rules on comparables
Jan 11, 2021
- In Favour of Assessee
- Citation Number : TS-709-HC-2020(MAD)-TP
- Tax Payer : Visual Graphics Computing Services (India) Pvt Ltd
Income tax Appellate Tribunal
ITAT: Holds LIBOR+170bps as ALP for AE-loans; Follows earlier orders
Jan 08, 2021
- In Favour of Assessee
- Citation Number : TS-8-ITAT-2021(DEL)-TP
- Tax Payer : Aithent Technologies Pvt Ltd
Income tax Appellate Tribunal
ITAT: TPO-reference absent pending assessment proceedings & prior-approval vitiated in law, deletes TP-adjustment
Jan 08, 2021
- In Favour of Assessee
- Citation Number : TS-7-ITAT-2021(Mum)-TP
- Tax Payer : MK
Income tax Appellate Tribunal
ITAT: Rules on comparable selection for ITES-provider citing extraordinary events, functional dissimilarity; follows precedents
Jan 08, 2021
- In Favour of Both, Partially
- Citation Number : TS-6-ITAT-2021(Bang)-TP
- Tax Payer : Digicaptions India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rejects negative working-capital adjustment plea, upholds exclusion of 2 comparables for ITES-provider
Jan 07, 2021
- In Favour of Assessee
- Citation Number : TS-708-ITAT-2020(Bang)-TP
- Tax Payer : E4E Business Solutions India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Deletes AMP, Royalty adjustments following precedents; Holds TNMM as MAM for exports
Jan 07, 2021
- In Favour of Assessee
- Citation Number : TS-707-ITAT-2020(Bang)-TP
- Tax Payer : Himalaya Drug Company
Foreign Court
FC: Singapore Authority for Advance Ruling holds resident-entity not ‘related-party’ to foreign-shareholders of parent-co
Jan 07, 2021
- In Favour of Assessee
- Citation Number : TS-15-FC-2021(SNG)-TP
- Tax Payer : [X]
Income tax Appellate Tribunal
ITAT: Rejects entity level margins comparison under TNMM, directs adoption of segmental profits
Jan 06, 2021
- In Favour of Both, Partially
- Citation Number : TS-5-ITAT-2021(Bang)-TP
- Tax Payer : GXS India Technology Centre Pvt Ltd
Income tax Appellate Tribunal
ITAT: Excludes 3 and Includes one comparable for software-developer; Follows precedents
Jan 06, 2021
- In Favour of Assessee
- Citation Number : TS-4-ITAT-2021(Bang)-TP
- Tax Payer : Meritor CVS India (P) Ltd
Income tax Appellate Tribunal
ITAT: Allows working capital adjustment on actual basis; Rules on comparable selection, follows precedents
Jan 06, 2021
- In Favour of Assessee
- Citation Number : TS-3-ITAT-2021(Bang)-TP
- Tax Payer : Maxim India Integrated Circuit Design Pvt Ltd
Supreme Court
SC: Dismisses Revenue s SLP on grounds of delay; HC upheld ITAT s comparables selection for ITeS-provider
Jan 05, 2021
- In Favour of Assessee
- Citation Number : TS-2-SC-2021-TP
- Tax Payer : Evalueserve Com Pvt Ltd
High Court
HC: RBI approval relevant factor for determining ECB interest rate; Upholds ITAT s TP-adjustment deletion
Jan 05, 2021
- In Favour of Assessee
- Citation Number : TS-706-HC-2020(KAR)-TP
- Tax Payer : GE INDIA TECHNOLOGY
Income tax Appellate Tribunal
ITAT: Rules on comparable selection for Software- developer; Follows precedents
Jan 05, 2021
- In Favour of Both, Partially
- Citation Number : TS-1-ITAT-2021(Bang)-TP
- Tax Payer : ABB Global Industries & Services Ltd
Income tax Appellate Tribunal
ITAT: No separate adjustment for overdue receivables from AE if TNMM is MAM
Jan 04, 2021
- In Favour of Assessee
- Citation Number : TS-705-ITAT-2020(CHNY)-TP
- Tax Payer : Gimpex Pvt Ltd [Formerly known as GIMPEX Ltd.]
Income tax Appellate Tribunal
ITAT: Software distributors comparable to distributor of TV channels; Follows precedents
Jan 04, 2021
- In Favour of Assessee
- Citation Number : TS-704-ITAT-2020(Mum)-TP
- Tax Payer : Sermed Services India Pvt Ltd., Formerly known as Star Den Media Services P. Ltd
Income tax Appellate Tribunal
ITAT: No further profit attribution to alleged-PE if commission paid is at arm's length
Jan 01, 2021
- In Favour of Assessee
- Citation Number : TS-703-ITAT-2020(Mum)-TP
- Tax Payer : NGC Network Asia LLC
Income tax Appellate Tribunal
ITAT: Includes ICRA Online for assessee s business facilitation services; Follows precedents
Jan 01, 2021
- In Favour of Assessee
- Citation Number : TS-704-ITAT-2020(Mum)-TP
- Tax Payer : Basell Polyolefins India Private Ltd
Income tax Appellate Tribunal
ITAT: Outstanding receivables from AE, international transaction, to be benchmarked at LIBOR + 200 bps
Dec 31, 2020
- In Favour of Both, Partially
- Citation Number : TS-702-ITAT-2020(CHNY)-TP
- Tax Payer : Serviont Global Solutions Ltd
Income tax Appellate Tribunal
ITAT: Quashes final assessment order passed within 30 days of passing draft order
Dec 30, 2020
- In Favour of Assessee
- Citation Number : TS-701-ITAT-2020(Kol)-TP
- Tax Payer : Century Plyboards (India) Limited