Rulings ( 11525 results )

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Income tax Appellate Tribunal

ITAT: Upholds corporate guarantee as international transaction, restricts ALP to 0.5%; Follows Everest Kento HC-ruling

Oct 22, 2020
  • In Favour of Assessee
  • Citation Number : TS-558-ITAT-2020(Mum)-TP
  • Tax Payer : Voltas Limited
Income tax Appellate Tribunal

ITAT: Deletes AMP-adjustment for Xerox India absent existence of international-transaction; Follows earlier-orders

Oct 21, 2020
  • In Favour of Assessee
  • Citation Number : TS-557-ITAT-2020(DEL)-TP
  • Tax Payer : Xerox India Ltd
Income tax Appellate Tribunal

ITAT: Excludes 5 comparables for software developer citing functional dissimilarity, failure of service revenue filter

Oct 21, 2020
  • In Favour of Assessee
  • Citation Number : TS-556-ITAT-2020(Bang)-TP
  • Tax Payer : Blue Yonder India Private Limited (Formerly JDA Software India Private Limited)
Income tax Appellate Tribunal

ITAT: Allows assessee’s MA; Excludes Sasken Communications absent segmental-information on expenditure

Oct 20, 2020
  • In Favour of Assessee
  • Citation Number : TS-555-ITAT-2020(Bang)-TP
  • Tax Payer : Infineon Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants working-capital adjustment to consultant; Rejects Revenue’s stand of unavailability to service industry

Oct 20, 2020
  • In Favour of Assessee
  • Citation Number : TS-554-ITAT-2020(DEL)-TP
  • Tax Payer : Microsoft Corporation (India) Pvt
Income tax Appellate Tribunal

ITAT:Confirms Sec.271AA documentation-penalty deletion; Distinguishes Revenue’s Mak Data SC-ruling reliance

Oct 20, 2020
  • In Favour of Assessee
  • Citation Number : TS-553-ITAT-2020(DEL)-TP
  • Tax Payer : Micromax Informatics Ltd
Income tax Appellate Tribunal

ITAT: Partly allows assessee’s MP; Rejects assessee’s characterization as KPO/BPO, retains comparable remand issue

Oct 20, 2020
  • In Favour of Assessee
  • Citation Number : TS-552-ITAT-2020(Bang)-TP
  • Tax Payer : G T Nexus Software Pvt Ltd
Income tax Appellate Tribunal

ITAT:Holds guarantee transactions inter-linked with non-resident assessee’s banking operations, directs aggregated-benchmarking

Oct 19, 2020
  • In Favour of Assessee
  • Citation Number : TS-551-ITAT-2020(DEL)-TP
  • Tax Payer : MUFG Bank Ltd
Income tax Appellate Tribunal

ITAT:Excludes Govt. undertakings as comparables for marketing & management support-services provider; Follows precedents

Oct 19, 2020
  • In Favour of Assessee
  • Citation Number : TS-550-ITAT-2020(DEL)-TP
  • Tax Payer : Intercontinental Hotels Group (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for software-developer; Restricts TP-adjustment to international-transactions

Oct 19, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-549-ITAT-2020(HYD)-TP
  • Tax Payer : DE Shaw India Pvt Ltd (Formerly known as DE Shaw India Software Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Holds deferred trade-receivable as international-transaction, remits TP-adjustment; Rules on comparables

Oct 19, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-548-ITAT-2020(Bang)-TP
  • Tax Payer : LSI India Research & Development Pvt Ltd
Foreign Court

FC: Danish Tax Tribunal upholds transfer of intangibles during taxpayer?s conversion from distributor to commission agent (241)

Oct 17, 2020
  • In Favour of Revenue
  • Citation Number : TS-750-FC-2020(DEN)-TP
  • Tax Payer : [X] Danish Company
Income tax Appellate Tribunal

ITAT:Dismisses assessee’s appeal considering TP-issues resolved under India-USA MAP

Oct 16, 2020
  • In Favour of Assessee
  • Citation Number : TS-547-ITAT-2020(Bang)-TP
  • Tax Payer : NTT Data Global Delivery Services Pvt Ltd (In the case of M/s NTT Data India Enterprises Application Services Pvt Ltd., Formerly
Income tax Appellate Tribunal

ITAT: Reassessment after 4 years sans assessee’s failure to disclose material facts, invalid

Oct 16, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-546-ITAT-2020(Bang)-TP
  • Tax Payer : Nike India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 6 comparables for software-development service provider; Follows Schneider Electric IT Business India ruling

Oct 15, 2020
  • In Favour of Assessee
  • Citation Number : TS-545-ITAT-2020(Bang)-TP
  • Tax Payer : Sonus networks India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Availment of management-services from AE established; Rejects TPO’s benefit test & Nil ALP-determination

Oct 15, 2020
  • In Favour of Assessee
  • Citation Number : TS-544-ITAT-2020(DEL)-TP
  • Tax Payer : Danisco India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Confirms Sec.271AA-penalty on non-resident company for non-maintenance of documents u/s.92D

Oct 15, 2020
  • In Favour of Revenue
  • Citation Number : TS-543-ITAT-2020(DEL)-TP
  • Tax Payer : Convergys Customer Management Group Inc
Income tax Appellate Tribunal

ITAT:Allows assessee’s MA; Excludes Sasken Communications absent segmental-information on expenditure

Oct 14, 2020
  • In Favour of Assessee
  • Citation Number : TS-542-ITAT-2020(Bang)-TP
  • Tax Payer : ACI Worldwide Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs consideration of segmental details for ALP-determination w.r.t Smart Card Distribution segment

Oct 14, 2020
  • In Favour of Assessee
  • Citation Number : TS-541-ITAT-2020(DEL)-TP
  • Tax Payer : Giesecke & Devrient [India] Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adopts LIBOR to benchmark loans advanced to Swiss-AE, deletes TP-adjustment; Follows earlier year order

Oct 13, 2020
  • In Favour of Assessee
  • Citation Number : TS-539-ITAT-2020(DEL)-TP
  • Tax Payer : Dharampal Satyapal Ltd