Rulings ( 11947 results )

Filters
Income tax Appellate Tribunal

ITAT: Holds export-commission paid @ 12.5% at ALP, deletes TP-adjustment; Applies rule of consistency

  • In Favour of Assessee
  • Citation Number : TS-335-ITAT-2021(Mum)-TP
  • Tax Payer : Sanofi India Limited (formerly Aventis Pharma Limited)
Income tax Appellate Tribunal

ITAT: Rectifies Tribunal-order; Replaces ‘working capital adjustment’ with ‘capacity adjustment’

  • In Favour of None/NA
  • Citation Number : TS-333-ITAT-2021(PUN)-TP
  • Tax Payer : Hyundai Construction Equipment India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment of INR 10 crores on payment of trade-mark fees; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-332-ITAT-2021(DEL)-TP
  • Tax Payer : Goodyear India Ltd
Income tax Appellate Tribunal

ITAT: Allows extended AE credit period in light of applicability of APA rollback

  • In Favour of Assessee
  • Citation Number : TS-330-ITAT-2021(Bang)-TP
  • Tax Payer : ANZ Support Services India Private Limited
Income tax Appellate Tribunal

ITAT: Recalls ex-parte dismissal order after more than a decade; Follows Delhi HC

  • In Favour of Assessee
  • Citation Number : TS-331-ITAT-2021(Mum)-TP
  • Tax Payer : Techknoweledgy Interactive Partners P. Ltd
High Court

HC: Sets aside assessment-order passed sans DRP's directions; Cites CBDT extension Circular

  • In Favour of Assessee
  • Citation Number : TS-329-HC-2021(DEL)-TP
  • Tax Payer : ANAND NVH PRODUCTS PRIVATE LIMITED
Income tax Appellate Tribunal

ITAT: Rules on selection of comparables for software-developer, grants working capital adjustment; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-328-ITAT-2021(Bang)-TP
  • Tax Payer : Huawei Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs ALP determination at 0.5% of corporate-guarantee and LIBOR-rates for interest-free foreign-AE loans

  • In Favour of Both, Partially
  • Citation Number : TS-327-ITAT-2021(Mum)-TP
  • Tax Payer : Rosy Blue (India) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Allows working-capital adjustment, considers availability of relevant data; Restricts TP-adjustment to international-transaction

  • In Favour of Both, Partially
  • Citation Number : TS-326-ITAT-2021(Bang)-TP
  • Tax Payer : Inflow Technologies Private Limited
Income tax Appellate Tribunal

ITAT: Rejects Chinese-AE as tested-party, disallows use of Japanese-comparables; Rejects misplaced and flawed segmental- benchmarking

  • In Favour of Both, Partially
  • Citation Number : TS-325-ITAT-2021(PUN)-TP
  • Tax Payer : Lear Automotive India P Ltd
Income tax Appellate Tribunal

ITAT: Directs deletion of TP-adjustment on ITES, re-characterization of equity investments and reimbursement of software expenses

  • In Favour of Both, Partially
  • Citation Number : TS-324-ITAT-2021(Mum)-TP
  • Tax Payer : Onward Technologies Limited.
Income tax Appellate Tribunal

ITAT: Directs deletion of TP-adjustment made on account of royalty payment to AE; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-323-ITAT-2021(DEL)-TP
  • Tax Payer : Expeditors International (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Applies India-US MAP margin to transactions with non US-based AEs; Rules on comparables

  • In Favour of Both, Partially
  • Citation Number : TS-322-ITAT-2021(Bang)-TP
  • Tax Payer : Dell International Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects TPO’s interest charged on outstanding balances, advances given liquidation of overseas-AE

  • In Favour of Assessee
  • Citation Number : TS-321-ITAT-2021(Mum)-TP
  • Tax Payer : Hilti Manufacturing India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds no TP-adjustment warranted where non-resident assessee remunerates Indian AE at ALP

  • In Favour of Assessee
  • Citation Number : TS-320-ITAT-2021(Mum)-TP
  • Tax Payer : NGC Network Asia LLC
Income tax Appellate Tribunal

ITAT: Allows exclusion of depreciation to compute cash profit margins for assessee & comparables

  • In Favour of Assessee
  • Citation Number : TS-315-ITAT-2021(Bang)-TP
  • Tax Payer : Bosch Automotive Electronics India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Holds neither Sec 92BA nor 40A(2) applicable for 100 percent purchases from domestic related party

  • In Favour of Assessee
  • Citation Number : TS-316-ITAT-2021(DEL)-TP
  • Tax Payer : Mercury Fabric Creations Pvt .Ltd
Income tax Appellate Tribunal

ITAT: Holds corporate guarantee not an international transaction absence bearing on profits; Deletes TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-318-ITAT-2021(Ahd)-TP
  • Tax Payer : Kiri Dyes & Chemicals Ltd
Income tax Appellate Tribunal

ITAT: Grants +/-5% range benefit to delete TP-adjustment; Dismisses Revenue’s-appeal on comparables as infructuous

  • In Favour of Assessee
  • Citation Number : TS-319-ITAT-2021(Mum)-TP
  • Tax Payer : APL Logistics (India) Private Limited
High Court

HC: Sans personal hearing opportunity, Rs. 1000 cr addition on Piramal 'unsustainable'; Explains e-assessment rigours

  • In Favour of Assessee
  • Citation Number : TS-317-HC-2021(BOM)-TP
  • Tax Payer : Piramal Enterprises Ltd