Rulings ( 11950 results )

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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
Income tax Appellate Tribunal

ITAT: Rejects DEPB incentives as adjustment for ALP-computation, cites overriding-effect on Chapter-X application

  • In Favour of Both, Partially
  • Citation Number : TS-314-ITAT-2021(HYD)-TP
  • Tax Payer : Nava Bharat Ventures Ltd
High Court

HC: Holds e-assessment order passed in violation of 'non-obstante provisions' of Sec.144C illegal, incurably defective

  • In Favour of Assessee
  • Citation Number : TS-311-HC-2021(BOM)-TP
  • Tax Payer : SHL India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s order of excluding Infosys BPO, Acropetal and eClerx for ITES provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-309-ITAT-2021(DEL)-TP
  • Tax Payer : Future First Info. Services Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-determination for intra-group services; Assessee to highlight usefulness of voluminous emails produced

  • In Favour of Assessee
  • Citation Number : TS-310-ITAT-2021(Bang)-TP
  • Tax Payer : Exide Life Insurance Company Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for Huawei Technologies India; Remits working capital plea

  • In Favour of Both, Partially
  • Citation Number : TS-306-ITAT-2021(Bang)-TP
  • Tax Payer : Huawei Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Stays demand for Shell Global arising from TP adjustment subject to 40% deposit

  • In Favour of Both, Partially
  • Citation Number : TS-307-ITAT-2021(Ahd)-TP
  • Tax Payer : Shell Global Solutions International BV
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on fees charged to AE, holds TNMM more appropriate than CUP

  • In Favour of Assessee
  • Citation Number : TS-305-ITAT-2021(Mum)-TP
  • Tax Payer : Hapag Lloyd India Private Limited
Income tax Appellate Tribunal

ITAT: Directs separate benchmarking of IT & ITES segments; Upholds ‘head count’ principle for allocation of common expenses

  • In Favour of Assessee
  • Citation Number : TS-300-ITAT-2021(DEL)-TP
  • Tax Payer : Orange Business Services India Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on AMP expenditure for Kellogg India; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-302-ITAT-2021(Mum)-TP
  • Tax Payer : Kellogg India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables citing high brand-value, functional-dissimilarity etc for software-development service provider

  • In Favour of Assessee
  • Citation Number : TS-304-ITAT-2021(Bang)-TP
  • Tax Payer : SAP LABS India Pvt. Ltd
High Court

HC: Directs ITAT to expedite system for uploading daily order-sheets, revised cause-list on website

  • In Favour of Assessee
  • Citation Number : TS-303-HC-2021(DEL)-TP
  • Tax Payer : Ankit Kapoor
High Court

HC: Upholds CIT(A)'s addition of excess profit u/s 10B(7) as IFOS; Sets aside ITAT's deletion

  • In Favour of Revenue
  • Citation Number : TS-301-HC-2021(MAD)-TP
  • Tax Payer : Tweezerman (India) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Delineates the essence behind application of various qualitative & quantitative filters for determining ALP

  • In Favour of Both, Partially
  • Citation Number : TS-299-ITAT-2021(Mum)-TP
  • Tax Payer : Citicorp Services India Ltd
Income tax Appellate Tribunal

ITAT: Grants deduction towards FOREX loss; Deletes TP-addition made w.r.t marketing service fees

  • In Favour of Assessee
  • Citation Number : TS-298-ITAT-2021(Mum)-TP
  • Tax Payer : Sabre Travel Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment on account of interest on outstanding receivables

  • In Favour of Assessee
  • Citation Number : TS-297-ITAT-2021(HYD)-TP
  • Tax Payer : IVY Comptech Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Allows assessee’s appeal; Deletes Sec.271BA penalty for failure to report "retrospective" international transactions

  • In Favour of Assessee
  • Citation Number : TS-294-ITAT-2021(HYD)-TP
  • Tax Payer : Batronics India Limited
Income tax Appellate Tribunal

ITAT: Quashes Sec.263-order; TPO reference for SDT not required post omission of Sec-92BA(i)

  • In Favour of Assessee
  • Citation Number : TS-295-ITAT-2021(Ahd)-TP
  • Tax Payer : Shri Ashish Subodchandra Shah