Rulings ( 11525 results )

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Income tax Appellate Tribunal

ITAT: Directs AO to not impute interest to outstanding-receivables, applies rule of consistency

Dec 02, 2020
  • In Favour of Assessee
  • Citation Number : TS-635-ITAT-2020(DEL)-TP
  • Tax Payer : Boeing India Pvt Ltd (erstwhile known as Boeing International Corp. India Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT:Rejects income-attribution considering no DAPE and commission payments at ALP for NR-assessee

Dec 02, 2020
  • In Favour of Assessee
  • Citation Number : TS-634-ITAT-2020(DEL)-TP
  • Tax Payer : Mitsui & Co Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on testing, warranty, service charges; Rules on comparables

Dec 02, 2020
  • In Favour of Assessee
  • Citation Number : TS-633-ITAT-2020(DEL)-TP
  • Tax Payer : Marathon Electric India Pvt Ltd
Income tax Appellate Tribunal

ITAT: DRP s directions binding on AO, substitutes AO s PLI-computation with that of DRP s

Dec 01, 2020
  • In Favour of Assessee
  • Citation Number : TS-632-ITAT-2020(PUN)-TP
  • Tax Payer : Netscout Systems India Private Limited
Income tax Appellate Tribunal

ITAT:Directs assessee to satisfy benefit, rendition tests of intra-group services, Remits Issue for determination of ALP

Dec 01, 2020
  • In Favour of Assessee
  • Citation Number : TS-631-ITAT-2020(Bang)-TP
  • Tax Payer : Waters (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs TPO to determine ALP of intra-group services; Assessee to satisfy rendition, benefit tests

Nov 30, 2020
  • In Favour of Assessee
  • Citation Number : TS-630-ITAT-2020(Bang)-TP
  • Tax Payer : Disa India Ltd
Income tax Appellate Tribunal

ITAT: CCDs can't be recharacterized as equity; Remits ALP-determination of capitalised interest following CAE-Flight ruling

Nov 30, 2020
  • In Favour of Assessee
  • Citation Number : TS-629-ITAT-2020(Bang)-TP
  • Tax Payer : Embassy One Developers Pvt Ltd
Income tax Appellate Tribunal

ITAT: Comparable cannot be rejected merely on different-FY ground, remits issue; Follows precedent

Nov 30, 2020
  • In Favour of Assessee
  • Citation Number : TS-628-ITAT-2020(DEL)-TP
  • Tax Payer : Transcend India Pvt Ltd (formerly known as Spryance (India) Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT:Quashes AO s order giving effect to Tribunal-order passed sans draft-order; Follows precedents

Nov 26, 2020
  • In Favour of Assessee
  • Citation Number : TS-627-ITAT-2020(Bang)-TP
  • Tax Payer : Inteva Products India Automotive Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 and includes 8 comparables, grants working-capital adjustment for Software-Developer; Follows precedents

Nov 26, 2020
  • In Favour of Assessee
  • Citation Number : TS-626-ITAT-2020(Bang)-TP
  • Tax Payer : ARM Embedded Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes Infosys Technologies, Wipro Ltd, Persistent Systems citing huge turnover, brand value etc

Nov 26, 2020
  • In Favour of Assessee
  • Citation Number : TS-625-ITAT-2020(DEL)-TP
  • Tax Payer : Orange Business Services India Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT:Accepts assessee s internal-CUP over TPO s TNMM for benchmarking purchase/sale transactions; Follows precedents

Nov 26, 2020
  • In Favour of Assessee
  • Citation Number : TS-624-ITAT-2020(VIZ)-TP
  • Tax Payer : Teejay India Pvt Ltd (Formerly known as Ocean India Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Remits TP-adjustments in respect of purchase of fixed assets owing to insufficient evidences

Nov 26, 2020
  • In Favour of Assessee
  • Citation Number : TS-623-ITAT-2020(DEL)-TP
  • Tax Payer : Denso India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Directs adoption of ALP for management fees as determined under APA for subsequent years

Nov 26, 2020
  • In Favour of Assessee
  • Citation Number : TS-622-ITAT-2020(Kol)-TP
  • Tax Payer : Cookson India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Substantial Revenue locked in sundry debtors justifies TPO s grant of working capital adjustment

Nov 26, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-621-ITAT-2020(DEL)-TP
  • Tax Payer : Transcend MT Services Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes penalty levied basis TP-adjustment absent specific charge mention in notice u/s.274

Nov 25, 2020
  • In Favour of Assessee
  • Citation Number : TS-619-ITAT-2020(DEL)-TP
  • Tax Payer : Chegg India (P) Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables, remits treatment of provision for doubtful-debts and notional interest

Nov 25, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-618-ITAT-2020(Bang)-TP
  • Tax Payer : Blue Coat Network (India) Private Limited
Income tax Appellate Tribunal

ITAT: TP-adjustment on fixed-asset purchase impacts actual cost for purpose of depreciation claim

Nov 25, 2020
  • In Favour of Assessee
  • Citation Number : TS-617-ITAT-2020(DEL)-TP
  • Tax Payer : Roki Minda Co Pvt Ltd
High Court

HC:Dismisses writ petition as withdrawn considering assessee s statutory appeal filing plea

Nov 24, 2020
  • In Favour of Assessee
  • Citation Number : TS-616-HC-2020(MAD)-TP
  • Tax Payer : Virtusa Consulting Services Private Limited
High Court

HC:Directs ITAT to adjudicate on MAM for assessee s exports; Follows earlier-order

Nov 24, 2020
  • In Favour of Assessee
  • Citation Number : TS-615-HC-2020(MAD)-TP
  • Tax Payer : Madura Coats Private Ltd