Rulings ( 11951 results )

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Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on export commission and royalty fee; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-214-ITAT-2021(DEL)-TP
  • Tax Payer : Honda Motorcycle & Scooters India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects SBI PLR to benchmark interest on overseas AE-receivables; Deletes ALP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-213-ITAT-2021(HYD)-TP
  • Tax Payer : ValueMomentum Software Services Private Limited
Income tax Appellate Tribunal

ITAT: Holds LIBOR as appropriate interest benchmark for AE-receivables as against TPO's domestic PLR

  • In Favour of Assessee
  • Citation Number : TS-212-ITAT-2021(HYD)-TP
  • Tax Payer : Open Text Corporation India Private Limited (formerly known as Cordys Software India Private Limited) vs ITO
Income tax Appellate Tribunal

ITAT: Excludes KPO service providers as comparables for ITES-provider; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-210-ITAT-2021(Mum)-TP
  • Tax Payer : Morgan Stanley Advantage Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs adoption of 0.92% as corporate-guarantee ALP; Excludes Hartron-Communications for BPO-comparables

  • In Favour of Assessee
  • Citation Number : TS-211-ITAT-2021(HYD)-TP
  • Tax Payer : Sutherland Healthcare Solutions Private Limited (Formerly known as Apollo Health Street Ltd
Income tax Appellate Tribunal

ITAT: Deletes twin TP-adjustment on management fees and interest on AE-receivables

  • In Favour of Assessee
  • Citation Number : TS-208-ITAT-2021(HYD)-TP
  • Tax Payer : Adama India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on selection of comparables for ITES-provider; Directs verification of third-party transactions for proportionate-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-207-ITAT-2021(DEL)-TP
  • Tax Payer : SBI Business Process Management Services Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal on comparables-selection, turnover-filter absent substantial question of law

  • In Favour of Assessee
  • Citation Number : TS-1517-HC-2018(KAR)-TP
  • Tax Payer : McAfee Software (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Declines assessee's stay-of-demand plea on mapping-services TP adjustment ; Grants out-of-turn hearing

  • In Favour of None/NA
  • Citation Number : TS-206-ITAT-2021(DEL)-TP
  • Tax Payer : COWI India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds RPM as MAM for benchmarking import of dental products; Follows Mattel Toys ruling

  • In Favour of Assessee
  • Citation Number : TS-205-ITAT-2021(DEL)-TP
  • Tax Payer : Dentsply India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment on interest on delayed-receivables; Reverses DRP's enhancement of interest

  • In Favour of Assessee
  • Citation Number : TS-204-ITAT-2021(HYD)-TP
  • Tax Payer : GSS Infotech Limited
Income tax Appellate Tribunal

ITAT: Includes Thinksoft Global citing data-availability in public domain; Excludes 2 failing forex-sales, turnover-filter

  • In Favour of Both, Partially
  • Citation Number : TS-203-ITAT-2021(PUN)-TP
  • Tax Payer : SAS Research & Development (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Identification of tested-party mandatory despite CUP being MAM for SDT of inter-unit power-transfer

  • In Favour of Assessee
  • Citation Number : TS-200-ITAT-2021(Kol)-TP
  • Tax Payer : Balarampur Chini Mills Ltd
Income tax Appellate Tribunal

ITAT: Permits reduction of US company's royalty income basis APA signed by Indian AE

  • In Favour of Assessee
  • Citation Number : TS-201-ITAT-2021(Mum)-TP
  • Tax Payer : Gemological Institute of America Inc
Income tax Appellate Tribunal

ITAT: Directs deletion of 571.69 cr AMP-adjustment for Pepsico India ; Renders stay-application infructuous

  • In Favour of Assessee
  • Citation Number : TS-196-ITAT-2021(DEL)-TP
  • Tax Payer : PepsiCo India Holdings Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on inventory purchased from AE under bareboat charter agreement

  • In Favour of Assessee
  • Citation Number : TS-198-ITAT-2021(Mum)-TP
  • Tax Payer : Greatship (India) Ltd
Foreign Court

FC: Danish SC upholds tax administration’s discretionary assessment warranted by taxpayer’s inadequate TP documentation

  • In Favour of Revenue
  • Citation Number : TS-197-FC-2021(DEN)-TP
  • Tax Payer : Tetra Pak Processing Systems A / S
Income tax Appellate Tribunal

ITAT: Quashes PCIT’s Sec.263-order against SDT non-reference to TPO; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-771-ITAT-2020(GAU)-TP
  • Tax Payer : Bhartia-SMSIL (JV)
Income tax Appellate Tribunal

ITAT: Protective TP-adjustment basis BLT unsustainable for AMP expenses; Upholds RPM as MAM for import-transaction

  • In Favour of Assessee
  • Citation Number : TS-193-ITAT-2021(DEL)-TP
  • Tax Payer : Luxottica India Eyewear Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds TP-adjustment on interest on delayed AE-receivables, adopts 12% interest rate

  • In Favour of Revenue
  • Citation Number : TS-194-ITAT-2021(HYD)-TP
  • Tax Payer : HBL Power Systems Limited