Rulings ( 11525 results )

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Income tax Appellate Tribunal

ITAT: Excludes 6, remits 1 comparable for ITeS-provider; Treats forex gain as operating item

Oct 01, 2020
  • In Favour of Assessee
  • Citation Number : TS-516-ITAT-2020(DEL)-TP
  • Tax Payer : Fiserv India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits examination of reimbursement exclusion while considering rental-expenditure as operating item

Sep 30, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-515-ITAT-2020(Bang)-TP
  • Tax Payer : Lineage Power Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts foreign-AEs as tested party; Deletes TP-adjustment citing margin within 5 tolerance range

Sep 30, 2020
  • In Favour of Assessee
  • Citation Number : TS-514-ITAT-2020(Bang)-TP
  • Tax Payer : IMS Health Analytics Services Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes outstanding AE-receivables TP-adjustment for debt free assessee; Follows Target ruling

Sep 30, 2020
  • In Favour of Assessee
  • Citation Number : TS-513-ITAT-2020(DEL)-TP
  • Tax Payer : Optum Global Solutions (India) Pvt Ltd (As successor of United Health GroupInformationServices Pvt Ltd)
Income tax Appellate Tribunal

ITAT:Upholds E-infochips exclusion citing failure of 75 service-income filter, dismisses Revenue’s appeal

Sep 29, 2020
  • In Favour of Assessee
  • Citation Number : TS-512-ITAT-2020(Bang)-TP
  • Tax Payer : Applied Materials India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Unallocable expenses not ground for comparables-exclusion; Includes L&T Infotech for software developer

Sep 29, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-511-ITAT-2020(DEL)-TP
  • Tax Payer : Steria (India) Limited
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables for software-developer; Remits assessee’s cost allocation basis plea

Sep 28, 2020
  • In Favour of Assessee
  • Citation Number : TS-510-ITAT-2020(Bang)-TP
  • Tax Payer : Enstage Software Pvt Ltd
Income tax Appellate Tribunal

ITAT: Assessee can contest comparables included in TP-study; Distinguishes Revenue’s reliance on E-Valueserve SEZ-ruling

Sep 28, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-509-ITAT-2020(Bang)-TP
  • Tax Payer : TRX Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects re-characterization of distribution fee paid by channel-distributor as royalty; Follows earlier-order

Sep 28, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-508-ITAT-2020(Mum)-TP
  • Tax Payer : Sony Pictures Networks India Private Limited (Successor of MSM Discovery Private Limited)
High Court

HC: Raps Tribunal for repeatedly remanding TP-issues resulting in ‘shuttle game’ between assessee-Revenue

Sep 25, 2020
  • In Favour of Assessee
  • Citation Number : TS-507-HC-2020(MAD)-TP
  • Tax Payer : Madura Coats Pvt Ltd
Income tax Appellate Tribunal

ITAT:Holds depreciation as operating-expense for R&D segment considering interlink with manufacturing segment

Sep 23, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-506-ITAT-2020(Bang)-TP
  • Tax Payer : Sigma Aldrich Chemicals Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes selling & distribution expenses and AE-grant from AMP expenses; Restricts TP-adjustment

Sep 23, 2020
  • In Favour of Assessee
  • Citation Number : TS-505-ITAT-2020(DEL)-TP
  • Tax Payer : Haier Appliances India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on management and license-fee payments citing higher margins than comparables under TNMM

Sep 22, 2020
  • In Favour of Assessee
  • Citation Number : TS-504-ITAT-2020(Bang)-TP
  • Tax Payer : Adcock Ingram Limited
Income tax Appellate Tribunal

ITAT: No mark-up warranted on 'pass-through costs' sans value addition; Deletes TP-adjustment on reimbursements

Sep 22, 2020
  • In Favour of Assessee
  • Citation Number : TS-503-ITAT-2020(DEL)-TP
  • Tax Payer : Vedanta Ltd
Income tax Appellate Tribunal

ITAT:AMP-expenditure not international transaction, deletes TP-adjustment for manufacturer cum distributor; Follows earlier-order

Sep 22, 2020
  • In Favour of Assessee
  • Citation Number : TS-502-ITAT-2020(Mum)-TP
  • Tax Payer : Mattel Toys (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes Infosys, ‘company-size’ matters for comparability; Holds goodwill- amortization as non-operating in nature

Sep 21, 2020
  • In Favour of Assessee
  • Citation Number : TS-500-ITAT-2020(Mum)-TP
  • Tax Payer : Symantec Software Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes Excel Infoways for IT & quality assurance/ support services provider; Follows earlier-order

Sep 21, 2020
  • In Favour of Assessee
  • Citation Number : TS-499-ITAT-2020(Mum)-TP
  • Tax Payer : M Model Global Services Pvt Ltd (Known as Aquity Solutions India Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Rejects Sec 10A-deduction denial treating assessee as 'call-center', contrary to TPO's classification as ITES-provider

Sep 21, 2020
  • In Favour of Assessee
  • Citation Number : TS-498-ITAT-2020(DEL)-TP
  • Tax Payer : Midland Credit Management India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Accepts assessee’s RPM for distribution segment; Rules on comparables for ITeS segment

Sep 18, 2020
  • In Favour of Assessee
  • Citation Number : TS-497-ITAT-2020(Bang)-TP
  • Tax Payer : Element 14 India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables following own-orders for earlier years absent challenge before higher forum

Sep 18, 2020
  • In Favour of Assessee
  • Citation Number : TS-496-ITAT-2020(DEL)-TP
  • Tax Payer : GE India Business Services Private Limited