Rulings ( 11951 results )

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Income tax Appellate Tribunal

ITAT: Extrapolates applicability of OECD TPG example on working-capital adjustment to include supplier/ customer advances

  • In Favour of Both, Partially
  • Citation Number : TS-255-ITAT-2021(PUN)-TP
  • Tax Payer : GL&V India Private Limited
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment in respect of royalty payments; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-251-ITAT-2021(HYD)-TP
  • Tax Payer : Owens Corning Industries (India) Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment in respect of royalty-payments, rejects NIL-ALP; Follows earlier-orders

  • In Favour of Assessee
  • Citation Number : TS-254-ITAT-2021(DEL)-TP
  • Tax Payer : Contitech India Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Applies per-hour recovery-rate CUP to delete TP-adjustment for BPO services

  • In Favour of Assessee
  • Citation Number : TS-253-ITAT-2021(DEL)-TP
  • Tax Payer : Aricent Technologies (Holding) Limited
Income tax Appellate Tribunal

ITAT: Excludes MPS Ltd citing unavailability of segmental-information w.r.t ITeS

  • In Favour of Assessee
  • Citation Number : TS-252-ITAT-2021(PUN)-TP
  • Tax Payer : FIS Solutions Software (India) Private Limited [Formerly known as SunGard Solutions (India) Private Limited]
Income tax Appellate Tribunal

ITAT: Confirms use of single-year-data for ALP-determination; Remits capacity-utilization adjustment qua personnel cost

  • In Favour of Both, Partially
  • Citation Number : TS-250-ITAT-2021(DEL)-TP
  • Tax Payer : Keihin Automotive Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP issue given lack of proper comparable-selection, margin-computation and ALP-determination

  • In Favour of Assessee
  • Citation Number : TS-249-ITAT-2021(DEL)-TP
  • Tax Payer : Sankei Giken India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Merger not enough ground for exclusion of comparables unless existing business interrupted; Retains Infobeans-Systems

  • In Favour of Both, Partially
  • Citation Number : TS-248-ITAT-2021(PUN)-TP
  • Tax Payer : NetHawk Networks India Private Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables given Revenue's failure to demonstrate exact comparability to warrant inclusion

  • In Favour of Both, Partially
  • Citation Number : TS-247-ITAT-2021(PUN)-TP
  • Tax Payer : Credence Resource Management Private Limited
Income tax Appellate Tribunal

ITAT: Bona-fide error in reporting numbers in Form No. 3CEB not income-concealment; Rejects income-enhancement

  • In Favour of Assessee
  • Citation Number : TS-245-ITAT-2021(Mum)-TP
  • Tax Payer : Arysta LifeScience India Limited
Income tax Appellate Tribunal

ITAT: Holds assessee's action of ALP determination as honest and diligent; deletes 271(1)(c) penalty

  • In Favour of Assessee
  • Citation Number : TS-246-ITAT-2021(PUN)-TP
  • Tax Payer : Honeywell Automation India Limited
Income tax Appellate Tribunal

ITAT: Rejects PSM as MAM for RBI approved royalty-payment; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-244-ITAT-2021(Bang)-TP
  • Tax Payer : Toyotetsu India Auto Parts Private Limited
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s appeal on TP issues in light of MAP resolution

  • In Favour of Both, Partially
  • Citation Number : TS-243-ITAT-2021(Bang)-TP
  • Tax Payer : Yaskawa India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects DRP’s suo-moto application of on-site revenue filter; Includes RS Software Ltd

  • In Favour of Assessee
  • Citation Number : TS-242-ITAT-2021(Bang)-TP
  • Tax Payer : Radisys India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes companies citing unavailability of P&L Account, segmental details, functional-dissimilarity and controlled-transactions

  • In Favour of Assessee
  • Citation Number : TS-241-ITAT-2021(DEL)-TP
  • Tax Payer : SAIC India Private Limited
Income tax Appellate Tribunal

ITAT: Remits comparability of Skil Infrastructure Ltd qua RPT filter of 25%

  • In Favour of Both, Partially
  • Citation Number : TS-240-ITAT-2021(DEL)-TP
  • Tax Payer : Linde engineering India private limited
Income tax Appellate Tribunal

ITAT: Upholds payment of rent in SDT; Dismisses TPO's plea of tax avoidance device

  • In Favour of Assessee
  • Citation Number : TS-239-ITAT-2021(PUN)-TP
  • Tax Payer : Bhairavanath Sugar Works Ltd
Income tax Appellate Tribunal

ITAT: Disallowance of expenses cannot be equated to ALP adjustment, deletes TP-adjustment; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-238-ITAT-2021(Mum)-TP
  • Tax Payer : Hamon Cooling Systems
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment for Intra-group-services; Services not in the nature of shareholder/stewardship activities

  • In Favour of Assessee
  • Citation Number : TS-237-ITAT-2021(DEL)-TP
  • Tax Payer : Danisco India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustments w.r.t interest on overdue debtors, working-capital; Rules on comparables

  • In Favour of Both, Partially
  • Citation Number : TS-236-ITAT-2021(Mum)-TP
  • Tax Payer : Atos India Pvt. Ltd.