Rulings ( 11525 results )

Filters
Income tax Appellate Tribunal

ITAT:Quashes assessment-order sans draft-order passed pursuant to remand by ITAT; Directs grant of opportunity

Nov 10, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-596-ITAT-2020(HYD)-TP
  • Tax Payer : Hyundai Motor India Engineering Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables applying Rs.200 crores turnover-filter for software, ITeS segments; Follows Autodesk-ruling

Nov 10, 2020
  • In Favour of Assessee
  • Citation Number : TS-595-ITAT-2020(Bang)-TP
  • Tax Payer : Aptean India Pvt. Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on commission; Assessee’s transaction with AE “negotiation services”, not “deemed AE-purchases”

Nov 09, 2020
  • In Favour of Assessee
  • Citation Number : TS-594-ITAT-2020(Ahd)-TP
  • Tax Payer : Gujarat Gas Trading Company Ltd
High Court

HC: Disposes Revenue’s appeal against ITAT’s order on turnover, RPT filters citing MAP-resolution

Nov 09, 2020
  • In Favour of Assessee
  • Citation Number : TS-593-HC-2020(KAR)-TP
  • Tax Payer : Yahoo Software Development India Pvt Ltd
High Court

HC: Writ seeking 'appeal effect order' implementation, poor reflection on Dept.’s functioning; Directs execution

Nov 09, 2020
  • In Favour of Assessee
  • Citation Number : TS-592-HC-2020(DEL)-TP
  • Tax Payer : Agilent Technologies India Pvt Ltd
Foreign Court

FC: Danish shoe manufacturer?s TP-documentation sufficient to assess ALP; Rejects AE-purchases at non-ALP allegation

Nov 07, 2020
  • In Favour of Assessee
  • Citation Number : TS-754-FC-2020-TP
  • Tax Payer : A Shoe Manufacturer
Income tax Appellate Tribunal

ITAT: Excludes 10, Includes 3 as comparables for software-development service provider; Follows LG Soft India ruling

Nov 06, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-590-ITAT-2020(Bang)-TP
  • Tax Payer : Synamedia India Pvt Ltd (Earlier known as M/s. Cisco Video Technologies India Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Excludes comparable as ‘persistent loss making’ after exclusion of bad-debts written off

Nov 06, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-589-ITAT-2020(Mum)-TP
  • Tax Payer : GCO Technologies Centre Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables citing high turnover; Treats provision for doubtful debts as operating

Nov 05, 2020
  • In Favour of Assessee
  • Citation Number : TS-588-ITAT-2020(Bang)-TP
  • Tax Payer : Maxim India Integrated Circuit Design Pvt Ltd
Income tax Appellate Tribunal

ITAT: Demand-notice issued with draft-order ‘legal nullity’, can’t vitiate assessment proceedings; Rejects Himalaya’s plea

Nov 05, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-587-ITAT-2020(Bang)-TP
  • Tax Payer : The Himalaya Drug Company
Income tax Appellate Tribunal

ITAT: Rules on comparables; Rejects DRP’s suo-moto filter application after conclusion of TP-analysis by TPO

Nov 04, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-586-ITAT-2020(Bang)-TP
  • Tax Payer : LSI India Research & Development Pvt Ltd (earlier known as M/s Broadcom Communications Tech Pvt. Ltd.,)
Income tax Appellate Tribunal

ITAT: Excludes/Includes comparables for ITeS/BPO services provider; Treats FOREX gain/loss as operating

Nov 04, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-585-ITAT-2020(DEL)-TP
  • Tax Payer : Smart Analyst India Pvt Ltd
Foreign Court

FC: Polish Court lays down conditions that entitle Tax Authorities to estimate income under TP provisions (65)

Nov 04, 2020
  • In Favour of None/NA
  • Citation Number : TS-752-FC-2020-TP
  • Tax Payer : [X]
Foreign Court

FC: EU freedom of establishment doesn't preclude Romanian TP rules application on transaction with Italian-HO

Nov 04, 2020
  • In Favour of None/NA
  • Citation Number : TS-753-FC-2020(EUR)-TP
  • Tax Payer : Impresa Pizzarotti & C SPA Italia Sucursala Cluj
High Court

HC: Transaction non-reference while seeking TPO-reference approval not fatal when CASS-selection reason specified

Nov 03, 2020
  • In Favour of Revenue
  • Citation Number : TS-584-HC-2020(MAD)-TP
  • Tax Payer : Transsys Solutions Private Limited
Income tax Appellate Tribunal

ITAT: Rejects TPO’s characterisation of Medical BPO service provider as KPO; Rejects 5 comparables

Nov 03, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-583-ITAT-2020(Kol)-TP
  • Tax Payer : Acclaris Business Solutions (P) Ltd
Income tax Appellate Tribunal

ITAT: Rejects TPO’s CUP application by adopting local non-AE sales to benchmark exports to AE

Nov 02, 2020
  • In Favour of Assessee
  • Citation Number : TS-582-ITAT-2020(Mum)-TP
  • Tax Payer : Dow Chemical International Pvt Ltd (Prior to amalgamation known as Dow Coming India Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Allows assesse’s MP; Remands for verification of FAR during APA years and subject years

Nov 02, 2020
  • In Favour of Assessee
  • Citation Number : TS-581-ITAT-2020(Bang)-TP
  • Tax Payer : Festo India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects TPO’s arbitrary selection of comparable without search process amounting to “cherry picking”

Oct 30, 2020
  • In Favour of Assessee
  • Citation Number : TS-580-ITAT-2020(Mum)-TP
  • Tax Payer : Federal Mogul Anand Bearing India Ltd (Formerly Known as Federal Mogul Bearings India Ltd)
Income tax Appellate Tribunal

ITAT: Sets aside CIT(A)-order; Directs AO/TPO to pass speaking-order on comparables, risk-adjustment issues

Oct 30, 2020
  • In Favour of Assessee
  • Citation Number : TS-579-ITAT-2020(Bang)-TP
  • Tax Payer : Dell International Services India Pvt Ltd (for the merged entity Force10 Networks India Pvt Ltd)