Rulings ( 11525 results )
Income tax Appellate Tribunal
ITAT: Upholds CIT(A)-order quashing final assessment order passed without draft order; Follows precedents
Dec 11, 2020
- In Favour of Assessee
- Citation Number : TS-657-ITAT-2020(Bang)-TP
- Tax Payer : Tally Solutions Pvt Ltd
High Court
HC: Share-transfer to subsidiary for corporate restructuring, absent voluntariness, not gift; Upholds capital gains tax
Dec 11, 2020
- In Favour of Revenue
- Citation Number : TS-656-HC-2020(MAD)-TP
- Tax Payer : Redington (India) Limited
Income tax Appellate Tribunal
ITAT: Rejects TPO s treatment of OCD/CCD issue as shareholder activity ; Discards GAAR/Thin-capitalization reliance
Dec 10, 2020
- In Favour of Both, Partially
- Citation Number : TS-655-ITAT-2020(PUN)-TP
- Tax Payer : Kolte Patil Developers Ltd (erstwhile Bellflower Properties Pvt Ltd merged with Kolte Patil Developers Ltd)
Income tax Appellate Tribunal
ITAT: Grants demand-stay to Sony as impugned AMP-adjustment issue being considered in earlier-AYs
Dec 09, 2020
- In Favour of Assessee
- Citation Number : TS-654-ITAT-2020(DEL)-TP
- Tax Payer : Sony India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Deletes AMP & Royalty adjustments for Himalaya; Adopts TNMM for exports, relies on precedents
Dec 09, 2020
- In Favour of Assessee
- Citation Number : TS-653-ITAT-2020(Bang)-TP
- Tax Payer : The Himalaya Drug Company
Income tax Appellate Tribunal
ITAT: Excludes comparables with high-brand value for BPO-service provider; Treats Forex as operating item
Dec 09, 2020
- In Favour of Assessee
- Citation Number : TS-652-ITAT-2020(Bang)-TP
- Tax Payer : Global e-Business Operations Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rejects Govt. companies as comparables; Deletes interest-adjustment on outstanding AE-receivables
Dec 08, 2020
- In Favour of Assessee
- Citation Number : TS-651-ITAT-2020(DEL)-TP
- Tax Payer : FieldCore Service Solutions International India Pvt Ltd (Erstwhile known as Granite Pvt. Ltd.)
Income tax Appellate Tribunal
ITAT: Rules on comparables for engineering-design services segment, includes comparables suo-moto rejected by DRP
Dec 08, 2020
- In Favour of Both, Partially
- Citation Number : TS-650-ITAT-2020(Bang)-TP
- Tax Payer : GE BE Pvt Ltd
Income tax Appellate Tribunal
ITAT: Excludes 4 comparables citing high turnover, functional dissimilarity, extraordinary events for ITES-provider
Dec 08, 2020
- In Favour of Assessee
- Citation Number : TS-649-ITAT-2020(Bang)-TP
- Tax Payer : Outsource Partners International Pvt Ltd
Income tax Appellate Tribunal
ITAT: Restricts TP-adjustment on AE-loan to higher of LIBOR and assessee s rate of interest
Dec 07, 2020
- In Favour of Assessee
- Citation Number : TS-648-ITAT-2020(Bang)-TP
- Tax Payer : Trianz Holdings Pvt Ltd
Income tax Appellate Tribunal
ITAT:Allows assessee s MP; Rectifies mistakes w.r.t comparables selection and excludes Sasken Communication
Dec 07, 2020
- In Favour of Assessee
- Citation Number : TS-646-ITAT-2020(Bang)-TP
- Tax Payer : CGI Information Systems and Management Consultants Pvt Ltd (Successor-in-interest to Logica Pvt. Ltd.,)
Income tax Appellate Tribunal
ITAT: Delay in realization of AE-receivable beyond credit-period, indirect funding to AE, upholds TP-adjustment
Dec 07, 2020
- In Favour of Both, Partially
- Citation Number : TS-645-ITAT-2020(HYD)-TP
- Tax Payer : Albany Molecular Research Hyderabad Research Center Private Limited
Income tax Appellate Tribunal
ITAT: Remits selection of tested party, stresses on simplicity of functional profile
Dec 07, 2020
- In Favour of Assessee
- Citation Number : TS-644-ITAT-2020(DEL)-TP
- Tax Payer : Minda Furukawa Electric Pvt Ltd
Income tax Appellate Tribunal
ITAT: Accepts RPM over TNMM as MAM for AE-purchases; Upholds interest-imputation on outstanding AE-receivables
Dec 07, 2020
- In Favour of Both, Partially
- Citation Number : TS-643-ITAT-2020(Mum)-TP
- Tax Payer : Commvault Systems (India) Pvt Ltd
Foreign Court
FC: Australian Federal Court confirms TP-adjustment deletion on Glencore?s copper-concentrate supply; Rejects ATO's OECD-reliance
Dec 05, 2020
- In Favour of Assessee
- Citation Number : TS-757-FC-2020-TP
- Tax Payer : Glencore Investment Pty Ltd
High Court
HC: Final fact finding body to give reasons for MAM-selection; Remits ITAT's cryptic-order
Dec 04, 2020
- In Favour of Assessee
- Citation Number : TS-642-HC-2020(MAD)-TP
- Tax Payer : Socomec Innovative Power Solutions Pvt Ltd
Supreme Court
SC:State's 'Administrative lethargy' in notifying Electricity duty rebate violates 'doctrine of promissory estoppel'
Dec 04, 2020
- In Favour of Assessee
- Citation Number : TS-641-SC-2020-TP
- Tax Payer : Brahmputra Metallics Ltd, Ranchi and Anr
Income tax Appellate Tribunal
ITAT: Permits appeal withdrawal on TP-grounds considering contemplation to settle dispute under VsVS and MAP-resolution
Dec 03, 2020
- In Favour of Assessee
- Citation Number : TS-638-ITAT-2020(DEL)-TP
- Tax Payer : NTT DATA Global Delivery Services Private
Income tax Appellate Tribunal
ITAT: Interest on AE-receivables subsumed in working capital adjustment; Deletes TP-adjustment following precedents
Dec 03, 2020
- In Favour of Assessee
- Citation Number : TS-637-ITAT-2020(HYD)-TP
- Tax Payer : Hexagon Capability Center India Private Limited
Income tax Appellate Tribunal
ITAT: Adopts CUP for ITeS rejecting TPO s TNMM; Modification in agreement irrelevant for MAM-selection
Dec 03, 2020
- In Favour of Assessee
- Citation Number : TS-636-ITAT-2020(HYD)-TP
- Tax Payer : iMedX Information Services Private Limited