Rulings ( 11525 results )

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Income tax Appellate Tribunal

ITAT:Remits TP-adjustment on support services; Directs decision in line with earlier AYs pursuant to DRP-direction

Oct 13, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-538-ITAT-2020(Bang)-TP
  • Tax Payer : CISCO Systems Capital (India) Pvt Ltd
High Court

HC:AO can't make reference u/s.92CA without disposal of assessee’s objections during reassessment proceedings

Oct 13, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-537-HC-2020(MAD)-TP
  • Tax Payer : PPN Power Generating Company Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 5 companies citing extraordinary event of amalgamation, functional-dissimilarity; Follows Kony India ruling

Oct 12, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-536-ITAT-2020(HYD)-TP
  • Tax Payer : DST Worldwide Services India Private Limited
Income tax Appellate Tribunal

ITAT: Directs ALP-computation of exports on aggregate basis if transactions interlinked; Follows earlier orders

Oct 12, 2020
  • In Favour of Assessee
  • Citation Number : TS-535-ITAT-2020(DEL)-TP
  • Tax Payer : Jindal Stainless Ltd
Income tax Appellate Tribunal

ITAT:Dismisses assessee’s-MA; Non-acceptance of assessee’s plea does not amount to mistake in order

Oct 09, 2020
  • In Favour of Revenue
  • Citation Number : TS-534-ITAT-2020(Bang)-TP
  • Tax Payer : Tejas Networks Limited
Income tax Appellate Tribunal

ITAT:Quashes assessment order, extended time limit u/s. 144C inapplicable prior to AY 2010-11

Oct 08, 2020
  • In Favour of Assessee
  • Citation Number : TS-531-ITAT-2020(Mum)-TP
  • Tax Payer : Truetzschler India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Assessee, a license-manufacturer, not contract-manufacturer; Deletes TP-adjustments on royalty & export-commission

Oct 08, 2020
  • In Favour of Assessee
  • Citation Number : TS-530-ITAT-2020(DEL)-TP
  • Tax Payer : Honda Motorcycle and Scooters India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparable not mentioned in SCN sans opportunity to assessee to contest

Oct 08, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-529-ITAT-2020(DEL)-TP
  • Tax Payer : Open Solutions Software Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Inter-unit transactions between eligible units u/s. 10AA outside scope of ‘SDT’, not subject to ALP-adjustment

Oct 07, 2020
  • In Favour of Assessee
  • Citation Number : TS-528-ITAT-2020(Bang)-TP
  • Tax Payer : Wipro Limited
Income tax Appellate Tribunal

ITAT: Upholds Sec.263 proceedings on TP-issue despite TPO-reference not made in SCN initiating revision

Oct 07, 2020
  • In Favour of Revenue
  • Citation Number : TS-527-ITAT-2020(Mum)-TP
  • Tax Payer : Bank of India
Income tax Appellate Tribunal

ITAT: Holds outstanding receivables as separate international transaction; Distinguishes Kusum Healthcare, Bechtel rulings

Oct 06, 2020
  • In Favour of Assessee
  • Citation Number : TS-526-ITAT-2020(Ind)-TP
  • Tax Payer : Bharti Airtel Limited
Income tax Appellate Tribunal

ITAT: Deletes AMP-adjustment for Yakult Danone absent establishment of international transaction; Follows earlier order

Oct 06, 2020
  • In Favour of Assessee
  • Citation Number : TS-525-ITAT-2020(DEL)-TP
  • Tax Payer : Yakult Danone India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits TP-adjustment on SDT of interest payments to consider internal-CUP of third-party borrowings

Oct 06, 2020
  • In Favour of Assessee
  • Citation Number : TS-524-ITAT-2020(DEL)-TP
  • Tax Payer : JE Energy Venture Private Ltd (formerly known as Jubilant Energy Pvt.Ltd.)
Income tax Appellate Tribunal

ITAT: Excludes 6, remits 1 comparable for captive software-development service provider; Follows Autodesk India ruling

Oct 05, 2020
  • In Favour of Assessee
  • Citation Number : TS-523-ITAT-2020(Bang)-TP
  • Tax Payer : GXS India Technology Centre Pvt Ltd
Income tax Appellate Tribunal

ITAT: Includes I2T2 India as comparable for software developer; Follows LG Soft ruling

Oct 05, 2020
  • In Favour of Assessee
  • Citation Number : TS-522-ITAT-2020(Bang)-TP
  • Tax Payer : EMC Software & Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s MP, rectifies mistakes w.r.t TP-adjustment on reimbursement of expenses, working capital adjustment

Oct 05, 2020
  • In Favour of Assessee
  • Citation Number : TS-521-ITAT-2020(Mum)-TP
  • Tax Payer : India Medtronic Private Limited
Income tax Appellate Tribunal

ITAT:Additional-evidence can’t be rejected absent prejudice to Revenue; Directs de-novo assessment

Oct 05, 2020
  • In Favour of Assessee
  • Citation Number : TS-520-ITAT-2020(DEL)-TP
  • Tax Payer : Global One India Private Limited
Income tax Appellate Tribunal

ITAT: Draft-order along with demand/penalty notice culminates proceedings, subsequent orders non-est; Follows Perfetti

Oct 01, 2020
  • In Favour of Assessee
  • Citation Number : TS-519-ITAT-2020(DEL)-TP
  • Tax Payer : Mavenir India Pvt Ltd (earlier known as Comverse Network System India Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Excludes software-product developer as comparables for software-development service provider; Grants working-capital adjustment

Oct 01, 2020
  • In Favour of Assessee
  • Citation Number : TS-518-ITAT-2020(DEL)-TP
  • Tax Payer : ST Microelectronics Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s MA; Applies 0.50% guarantee fee ALP on actual loan availed

Oct 01, 2020
  • In Favour of Assessee
  • Citation Number : TS-517-ITAT-2020(Mum)-TP
  • Tax Payer : Manugraph India Ltd