Rulings ( 11525 results )

Filters
Income tax Appellate Tribunal

ITAT: Holds assessee eligible for Sec.10AA deduction on voluntary TP-adjustment; Follows earlier orders

Nov 24, 2020
  • In Favour of Assessee
  • Citation Number : TS-614-ITAT-2020(Bang)-TP
  • Tax Payer : EYGBS (India) LLP (Earlier known as EYGBS (India) Pvt.Ltd.)
Income tax Appellate Tribunal

ITAT:Excludes 12 comparables for Software-development, Marketing-Support Services segments, follows precedents

Nov 23, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-613-ITAT-2020(Bang)-TP
  • Tax Payer : Alcon Laboratories (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Allows assessee’s M.A.; Restricts TP-adjustment on assessee’s distribution activity to international transactions with AEs

Nov 23, 2020
  • In Favour of Assessee
  • Citation Number : TS-612-ITAT-2020(HYD)-TP
  • Tax Payer : Commvault Systems India (P) Ltd
Foreign Court

FC: US Tax Court partly upholds IRS?s Royalty-adjustment in respect of Coca-Cola?s intangible properties

Nov 21, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-756-FC-2020-TP
  • Tax Payer : Coca-Cola Company
Income tax Appellate Tribunal

ITAT: TP-adjustment on outstanding AE-receivables amounts to ‘double addition’ when working-capital adjustment provided

Nov 20, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-611-ITAT-2020(DEL)-TP
  • Tax Payer : Bertelsmann Marketing Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Permits assessee to withdraw appeal on TP-grounds considering contemplation to settle dispute under VsVS

Nov 20, 2020
  • In Favour of Assessee
  • Citation Number : TS-610-ITAT-2020(DEL)-TP
  • Tax Payer : NTT DATA Global Delivery Services Pvt Ltd [Formerly known as Keane India Ltd. Unitech Trade Centre]
Income tax Appellate Tribunal

ITAT:Upholds interest imputation on deferred AE-receivables despite trading transaction at ALP

Nov 20, 2020
  • In Favour of Assessee
  • Citation Number : TS-609-ITAT-2020(HYD)-TP
  • Tax Payer : OSI Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: 'TPO’ u/s. 92CA includes JCIT & Addl. commissioner; Upholds validity of TP-order

Nov 19, 2020
  • In Favour of Assessee
  • Citation Number : TS-608-ITAT-2020(DEL)-TP
  • Tax Payer : Transcend MT Services Pvt Ltd (formerly known as Heartland Information and Consultancy Services Pvt Ltd)
Income tax Appellate Tribunal

ITAT:Excludes 13 comparables and includes 1 for ITeS and software-development services segment; Follows precedents

Nov 19, 2020
  • In Favour of Assessee
  • Citation Number : TS-607-ITAT-2020(DEL)-TP
  • Tax Payer : Steria India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds RIL’s inter-unit power transfer rate u/s. 80-IA(8) acceptable for purpose of domestic-TP regimen

Nov 18, 2020
  • In Favour of Assessee
  • Citation Number : TS-606-ITAT-2020(Mum)-TP
  • Tax Payer : Reliance Industries Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment w.r.t field services not covered under India-USA MAP-proceedings; Follows earlier-order

Nov 17, 2020
  • In Favour of Assessee
  • Citation Number : TS-605-ITAT-2020(Mum)-TP
  • Tax Payer : Dresser Rand India Private Limited
Income tax Appellate Tribunal

ITAT:Holds RPM as MAM for telecom equipment trader providing no value addition; Rejects Revenue’s TNMM

Nov 16, 2020
  • In Favour of Assessee
  • Citation Number : TS-604-ITAT-2020(Mum)-TP
  • Tax Payer : RFS INDIA TELECOM PVT LTD
Income tax Appellate Tribunal

ITAT: Annuls assessment-order passed on non-existent merged entity; Follows Maruti Suzuki SC ruling

Nov 16, 2020
  • In Favour of Assessee
  • Citation Number : TS-603-ITAT-2020(Bang)-TP
  • Tax Payer : Blue Yonder India Private Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on AE-receivables considering uniform practice of interest non-charging, follows earlier-order

Nov 16, 2020
  • In Favour of Assessee
  • Citation Number : TS-602-ITAT-2020(DEL)-TP
  • Tax Payer : Barco Electronic Systems (P) Ltd
Foreign Court

FC: Italian Court accepts taxpayer's pricing, profit margin for intra-group supplies; Rejects Revenue's comparables under TNMM

Nov 13, 2020
  • In Favour of Assessee
  • Citation Number : TS-755-FC-2020(ITL)-TP
  • Tax Payer : BISrl
Income tax Appellate Tribunal

ITAT: Accepts GP/sales as PLI for software consultancy services; Fixes 0.5 p.a as ALP for various guarantees

Nov 12, 2020
  • In Favour of Assessee
  • Citation Number : TS-601-ITAT-2020(Mum)-TP
  • Tax Payer : Tata Consultancy Services Ltd
Income tax Appellate Tribunal

ITAT: Prefers TNMM over CUP for indenting-transactions, adopts Berry ratio as PLI; Follows earlier-orders

Nov 12, 2020
  • In Favour of Assessee
  • Citation Number : TS-600-ITAT-2020(DEL)-TP
  • Tax Payer : Sumitomo Corporation India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 functionally dissimilar and abnormal profit making comparables for ITeS-provider

Nov 11, 2020
  • In Favour of Assessee
  • Citation Number : TS-599-ITAT-2020(Mum)-TP
  • Tax Payer : Deutche CIB Centre Private Limited
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s appeal, confirms exclusion of functionally dissimilar comparables for ITeS-provider

Nov 10, 2020
  • In Favour of Assessee
  • Citation Number : TS-598-ITAT-2020(DEL)-TP
  • Tax Payer : Convergys India Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes Persistent Systems, Sasken citing high turnover, intangibles for software developer

Nov 10, 2020
  • In Favour of Assessee
  • Citation Number : TS-597-ITAT-2020(HYD)-TP
  • Tax Payer : Syniverse Technologies Service (India) Pvt Ltd (Formerly known as Syniverse Mobile Solutions Pvt. Ltd.)