Rulings ( 11525 results )

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Income tax Appellate Tribunal

ITAT: Remits MAM-selection to consider subsequent-year APA if FAR similar; Follows precedents

Sep 09, 2020
  • In Favour of Assessee
  • Citation Number : TS-475-ITAT-2020(DEL)-TP
  • Tax Payer : Springer [India] Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects TPO’s re-characterization of assessee’s distribution activities as service transaction; Follows earlier-order

Sep 08, 2020
  • In Favour of Assessee
  • Citation Number : TS-474-ITAT-2020(HYD)-TP
  • Tax Payer : Commvault Systems (India) Private Limited
Income tax Appellate Tribunal

ITAT: Deletes AMP-adjustment for Kellogg India absent arrangement with AE; Follows earlier-order

Sep 08, 2020
  • In Favour of Assessee
  • Citation Number : TS-473-ITAT-2020(Mum)-TP
  • Tax Payer : Kellogg India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes outstanding AE-receivables TP-adjustment considering 90 day delay, acceptable in industry; Follows earlier-order

Sep 08, 2020
  • In Favour of Assessee
  • Citation Number : TS-472-ITAT-2020(HYD)-TP
  • Tax Payer : Value Labs Technologies
Income tax Appellate Tribunal

ITAT: Adjudicates on comparables for routine software developer; Remits working capital adjustment

Sep 08, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-471-ITAT-2020(DEL)-TP
  • Tax Payer : Motherson Sumi Infotech Vs. DCIT & Designs Limited
High Court

HC:Sets aside TPO-orders sans sufficient opportunity to assessee to respond to SCN

Sep 08, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-470-HC-2020(MAD)-TP
  • Tax Payer : Coastal Energy Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables in software development/ marketing & sales support segments; Follows precedents

Sep 07, 2020
  • In Favour of Assessee
  • Citation Number : TS-468-ITAT-2020(Bang)-TP
  • Tax Payer : Microchip Technology (India) Private Ltd
Income tax Appellate Tribunal

ITAT: Excludes 5 comparables for captive software developer; Follows AMD India ruling

Sep 07, 2020
  • In Favour of Assessee
  • Citation Number : TS-467-ITAT-2020(Bang)-TP
  • Tax Payer : IMS Health Analytics Services Pvt Ltd (IMS Health Technology Solutions India Pvt Ltd, merged with M/s IMS Health Analytics Servi
High Court

HC: Dismisses Revenue’s appeal against ITAT’s MAM-selection absent substantial question of law

Sep 07, 2020
  • In Favour of Assessee
  • Citation Number : TS-466-HC-2020(GUJ)-TP
  • Tax Payer : Gulbrandsen Chemicals Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits matter for determination and characterisation of assessee’s functions into KPO or BPO

Sep 04, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-465-ITAT-2020(HYD)-TP
  • Tax Payer : Quislex Legal Services Private Limited
Income tax Appellate Tribunal

ITAT: Rules on outstanding AE-receivables TP-adjustment; Distinguishes Techbooks International on facts

Sep 04, 2020
  • In Favour of Assessee
  • Citation Number : TS-464-ITAT-2020(DEL)-TP
  • Tax Payer : Kusum Healthcare Pvt Ltd
Income tax Appellate Tribunal

ITAT: Stresses on FAR analysis for inclusion/exclusion of comparables, rejects reliance on other decisions

Sep 04, 2020
  • In Favour of Assessee
  • Citation Number : TS-463-ITAT-2020(Bang)-TP
  • Tax Payer : CoreOne Technologies India Pvt Ltd (formerly known as M/s CAPCO IT Services India Pvt. Ltd)
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on loan to domestic group entity rejecting Sec.92B(2) invocation; Follows precedent

Sep 04, 2020
  • In Favour of Assessee
  • Citation Number : TS-462-ITAT-2020(Mum)-TP
  • Tax Payer : Regus Business Centre Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 5 functionally dissimilar comparables; Remits incorrect margin computation plea

Sep 03, 2020
  • In Favour of Assessee
  • Citation Number : TS-461-ITAT-2020(DEL)-TP
  • Tax Payer : Dassault Systems India Private Ltd
Income tax Appellate Tribunal

ITAT: Deletes Samsung India’s AMP-adjustment; Rejects Revenue’s treatment of reimbursement as ‘excessive’ AMP

Sep 03, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-460-ITAT-2020(DEL)-TP
  • Tax Payer : Samsung India Electronics Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects ad-hoc determination of ALP for intra-group services, remits matter

Sep 03, 2020
  • In Favour of Assessee
  • Citation Number : TS-459-ITAT-2020(Mum)-TP
  • Tax Payer : CLSA India Private Ltd [Formerly known as CLSA India Ltd.]
Income tax Appellate Tribunal

ITAT:Rejects DRP’s LIBOR adoption to benchmark FCCD denominated in INR; Follows Cotton Naturals

Sep 03, 2020
  • In Favour of Assessee
  • Citation Number : TS-458-ITAT-2020(DEL)-TP
  • Tax Payer : Assotech Moonshine Urban Developers Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes TCS e-Serve and Infosys BPO citing brand value and high turnover for ITeS-provider

Sep 02, 2020
  • In Favour of Assessee
  • Citation Number : TS-456-ITAT-2020(DEL)-TP
  • Tax Payer : Integreon (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Characterizes assessee as software development and ITeS provider; Rules on comparables

Sep 02, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-455-ITAT-2020(DEL)-TP
  • Tax Payer : Fiserv India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows working-capital adjustment on actuals; Rules on comparables

Sep 02, 2020
  • In Favour of Assessee
  • Citation Number : TS-454-ITAT-2020(Bang)-TP
  • Tax Payer : SAP labs India Private Limited (successor in interest of erstwhile M/s. Success Factors Business Solutions India Private Limited