Rulings ( 11951 results )

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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
Foreign Court

FC: EU dismisses Nike-Group's appeal challenging investigation qua Netherlands APA being unlawful state aid

  • In Favour of Revenue
  • Citation Number : TS-293-FC-2021(EUR)-TP
  • Tax Payer : Nike Group
High Court

HC: Dismisses assessee's writs against reassessments, upholds AO's "reason to believe" income escaped assessment

  • In Favour of Revenue
  • Citation Number : TS-313-HC-2021(MAD)-TP
  • Tax Payer : Aban Offshore Ltd
Income tax Appellate Tribunal

ITAT: Denies blanket stay to Vodafone against Rs. 1128Cr. demand; Directs Rs. 230Cr. deposit, Rs. 900Cr. corporate-guarantee

  • In Favour of Revenue
  • Citation Number : TS-291-ITAT-2021(Mum)-TP
  • Tax Payer : Vodafone India Services P. Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP determination qua payment for advisory services; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-289-ITAT-2021(PUN)-TP
  • Tax Payer : Emerson Climate Technologies (India) Private Limited
Income tax Appellate Tribunal

ITAT: Remits TP-adjustments w.r.t royalty-payments, management fee; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-290-ITAT-2021(PUN)-TP
  • Tax Payer : Carraro India Private Limited
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment on advances to examine whether investment made for equity-purpose; Partly allows assessee's-MA

  • In Favour of Both, Partially
  • Citation Number : TS-288-ITAT-2021(HYD)-TP
  • Tax Payer : GSS Infotech Ltd
Income tax Appellate Tribunal

ITAT: Grants conditional stay of three months; directs assessee to not seek adjournment unless necessary

  • In Favour of Revenue
  • Citation Number : TS-287-ITAT-2021(CHNY)-TP
  • Tax Payer : Sanmina SCI India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on notional interest on receivables for debt free company

  • In Favour of Assessee
  • Citation Number : TS-286-ITAT-2021(DEL)-TP
  • Tax Payer : Avaya India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar Infosys BPO, TCS E-serve; Includes Crystal Voxx as comparables for ITES

  • In Favour of Both, Partially
  • Citation Number : TS-285-ITAT-2021(Bang)-TP
  • Tax Payer : Ocwen Financial Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Cannot reopen assessment for MAM-substitution to satisfy assessee’s needs; Confirms CUP as MAM

  • In Favour of Revenue
  • Citation Number : TS-1145-ITAT-2017(CHNY)-TP
  • Tax Payer : POS Hyundai Steel Manufacturing Pvt Ltd
High Court

HC: Precludes assessee from challenging AO's Sec-154 jurisdiction-issue which wasn't contested before lower-authorities

  • In Favour of Revenue
  • Citation Number : TS-284-HC-2021(MAD)-TP
  • Tax Payer : POS Hyundai Steel Manufacturing Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 2, includes 2 comparables for software-development services provider; Follows NXP India ruling

  • In Favour of Assessee
  • Citation Number : TS-283-ITAT-2021(Bang)-TP
  • Tax Payer : ARM Embedded Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Definition of "relative" under Sec-56(2)(v) inapplicable while determining SDT; Deletes Sec-271AA-penalty

  • In Favour of Assessee
  • Citation Number : TS-282-ITAT-2021(PUN)-TP
  • Tax Payer : Smt. Anita Sunil Mahajan
High Court

HC: Questioning whether assessee incurred expenditure, beyond TPO’s jurisdiction; Rejects Nil-ALP w.r.t royalty-payments

  • In Favour of Assessee
  • Citation Number : TS-281-HC-2021(KAR)-TP
  • Tax Payer : Luwa India Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Holds corporate guarantee as international-transaction; Determines commission at 0.9%

  • In Favour of Both, Partially
  • Citation Number : TS-280-ITAT-2021(HYD)-TP
  • Tax Payer : GOCL Corporation Limited
Income tax Appellate Tribunal

ITAT: Excludes Acropetal Technologies, cites fraud committed as per SEBI Regulations

  • In Favour of Assessee
  • Citation Number : TS-279-ITAT-2021(CHNY)-TP
  • Tax Payer : J Ray McDermott Engineering Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables-selection; AO to compute mean of working-capital adjustment w.r.t comparables retained

  • In Favour of Both, Partially
  • Citation Number : TS-278-ITAT-2021(Bang)-TP
  • Tax Payer : Altisource Business Solutions Private Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables-selection; Rejects negative working-capital for captive service provider

  • In Favour of Both, Partially
  • Citation Number : TS-277-ITAT-2021(Bang)-TP
  • Tax Payer : Quest Global Engineering Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4, remits 6 comparables for assessee’s SWD and marketing support services

  • In Favour of Both, Partially
  • Citation Number : TS-276-ITAT-2021(Bang)-TP
  • Tax Payer : Analog Devices India Pvt Ltd