Rulings ( 11951 results )

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Income tax Appellate Tribunal

ITAT: Quashes Sec-263 order against SDT non-reference to TPO; Omission of Sec-92BA(i) unconditional

  • In Favour of Assessee
  • Citation Number : TS-275-ITAT-2021(NAG)-TP
  • Tax Payer : S.B Cotgin Pvt Ltd
Income tax Appellate Tribunal

ITAT: Segmental-data unavailability results into exclusion of comparables; Excludes FBT expense while PLI-computation

  • In Favour of Assessee
  • Citation Number : TS-274-ITAT-2021(DEL)-TP
  • Tax Payer : Globe Ground India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP addition w.r.t reimbursement of expenses, CIT(A) didn't disprove assessee's facts

  • In Favour of Assessee
  • Citation Number : TS-273-ITAT-2021(Ahd)-TP
  • Tax Payer : Claris Lifesciences Ltd
Income tax Appellate Tribunal

ITAT: Grants conditional stay to SWD-service provider subject to payment of 24 lakhs

  • In Favour of Assessee
  • Citation Number : TS-272-ITAT-2021(Bang)-TP
  • Tax Payer : OLF (India) Software Pvt Ltd
Income tax Appellate Tribunal

ITAT: Considers practical difficulty qua information submission for diamond-merchants; Deletes Sec. 271G-penalty

  • In Favour of Assessee
  • Citation Number : TS-271-ITAT-2021(Mum)-TP
  • Tax Payer : Hari Krishna Exports Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment for auditor's certificate on segmental details; Upholds additional grounds admissibility by DRP

  • In Favour of Assessee
  • Citation Number : TS-270-ITAT-2021(Bang)-TP
  • Tax Payer : ASM Technologies Ltd.
Income tax Appellate Tribunal

ITAT: Finds TP-adjustment on royalty-payments devoid of evidence; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-269-ITAT-2021(DEL)-TP
  • Tax Payer : Expeditors International (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Applies Rs.200 Cr. turnover-filter for SWD service provider, excludes 5 comparables

  • In Favour of Both, Partially
  • Citation Number : TS-268-ITAT-2021(Bang)-TP
  • Tax Payer : Evolving Systems Network India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants Assessee another opportunity to satisfactorily establish ALP of intra-group services

  • In Favour of Both, Partially
  • Citation Number : TS-267-ITAT-2021(Bang)-TP
  • Tax Payer : 3M India Limited
Income tax Appellate Tribunal

ITAT: Adjudicates on TP-adjustment over CCD-interest, royalty, AMP for Nike India; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-266-ITAT-2021(Bang)-TP
  • Tax Payer : Nike India Private Limited
Income tax Appellate Tribunal

ITAT: Non-compliance of single DRP's direction does not invalidate entire assessment order

  • In Favour of Both, Partially
  • Citation Number : TS-265-ITAT-2021(Mum)-TP
  • Tax Payer : Red Hat India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes Acropetal, eClerx as comparables for assessee in ITeS; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-264-ITAT-2021(Mum)-TP
  • Tax Payer : Tech Mahindra Business Services Ltd. (formerly known as Hutchison Global Services Private Limited)
Income tax Appellate Tribunal

ITAT: Excludes 2 companies for SWD, IT support and related services segments; Allows working-capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-263-ITAT-2021(Mum)-TP
  • Tax Payer : Emerson Electric Company (India) Private Limited
Income tax Appellate Tribunal

ITAT: Rejects assessee’s plea seeking clubbing of Manufacturing & Trading activities at time of concluding-hearing

  • In Favour of Both, Partially
  • Citation Number : TS-262-ITAT-2021(PUN)-TP
  • Tax Payer : Hyundai Construction Equipment India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Administrative, sales and marketing expenses if subsumed under TNMM, doesn’t call for separate-benchmarking

  • In Favour of Both, Partially
  • Citation Number : TS-261-ITAT-2021(Bang)-TP
  • Tax Payer : Cisco Systems Capital (India) Pvt.Ltd.
High Court

HC: Contradicts on Sec.144C procedure over requirement of draft-assessment order in remand proceedings

  • In Favour of Assessee
  • Citation Number : TS-260-HC-2021(MAD)-TP
  • Tax Payer : Durr India Private Limited
High Court

HC: Contradicts on Sec.144C procedure over requirement of draft-assessment order in remand proceedings

  • In Favour of Revenue
  • Citation Number : TS-259-HC-2021(MAD)-TP
  • Tax Payer : Enfinity Solar Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment w.r.t selling commission, networking charges and outstanding AE-receivables

  • In Favour of Both, Partially
  • Citation Number : TS-258-ITAT-2021(Bang)-TP
  • Tax Payer : Mphasis Limited
Income tax Appellate Tribunal

ITAT: Excludes 8 companies citing huge-turnover, 9 companies citing functional dissimilarity; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-257-ITAT-2021(Bang)-TP
  • Tax Payer : Lam Research (India) Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables for assessee’s SWD and Marketing support services segments

  • In Favour of Assessee
  • Citation Number : TS-256-ITAT-2021(Bang)-TP
  • Tax Payer : Microchip Technology India Pvt Ltd