Rulings ( 11525 results )

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Income tax Appellate Tribunal

ITAT: Quashes assessment-order passed on amalgamated entity where notice u/s. 143(2) issued to non-existent amalgamating entity

Aug 24, 2020
  • In Favour of Assessee
  • Citation Number : TS-432-ITAT-2020(Mum)-TP
  • Tax Payer : Siemens Limited (Successor in Interest to Siemens Power Engineering Private Limited)
Income tax Appellate Tribunal

ITAT: Remits LGS Global comparability; Directs TPO to ascertain employee cost filter facts u/s.133(6)

Aug 24, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-431-ITAT-2020(Bang)-TP
  • Tax Payer : EF Information Systems Private Limited
Income tax Appellate Tribunal

ITAT: Upholds exclusion of persistent loss making R Systems International upon treating FOREX gain as non-operating

Aug 21, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-429-ITAT-2020(PUN)-TP
  • Tax Payer : Faurecia Interior Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects global-asset allocation basis for intra-group services; Remits seconded employees’ salary reimbursement TP-adjustment

Aug 21, 2020
  • In Favour of Assessee
  • Citation Number : TS-428-ITAT-2020(Mum)-TP
  • Tax Payer : Jabil Circuit India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on R&D and management fees absent application of prescribed method u/s 92C

Aug 21, 2020
  • In Favour of Assessee
  • Citation Number : TS-427-ITAT-2020(PUN)-TP
  • Tax Payer : East West Seeds India Private Limited
Foreign Court

FC: Canada Federal Court allows judicial review application against Revenue's foreign-based information request during TP-audit

Aug 20, 2020
  • In Favour of Assessee
  • Citation Number : TS-747-FC-2020-TP
  • Tax Payer : Bayer Inc
Income tax Appellate Tribunal

ITAT: Fixes corporate guarantee ALP at 0.5; Remands TP-adjustment on AE-loans, performance guarantee

Aug 20, 2020
  • In Favour of Assessee
  • Citation Number : TS-426-ITAT-2020(Mum)-TP
  • Tax Payer : Teleperformence Global Services Private Limited (Earlier Known as “Intel Global Services Private Limited”)
Income tax Appellate Tribunal

ITAT: Quashes assessment order passed on non-existent amalgamated entity; Follows binding earlier-order

Aug 20, 2020
  • In Favour of Assessee
  • Citation Number : TS-425-ITAT-2020(Mum)-TP
  • Tax Payer : Atos India Pvt Ltd (Successor of Atos IT Solutions and Services P. Ltd)
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on AE-receivables, rules on comparables for assessee’s ITeS-segment, follows earlier order

Aug 20, 2020
  • In Favour of Assessee
  • Citation Number : TS-424-ITAT-2020(DEL)-TP
  • Tax Payer : American Express (I) P Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s MP; Recalls order to consider inclusion of I2T2 India for ITeS-provider

Aug 19, 2020
  • In Favour of Assessee
  • Citation Number : TS-423-ITAT-2020(Bang)-TP
  • Tax Payer : EMC Software and Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remands Sec 271(1)(c) penalty issue considering TP-adjustment remanded in quantum appeal

Aug 19, 2020
  • In Favour of Assessee
  • Citation Number : TS-422-ITAT-2020(PUN)-TP
  • Tax Payer : Mahle Behr India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Permits Nokia India to withdraw appeal considering resolution of AMP-adjustment under MAP

Aug 19, 2020
  • In Favour of Assessee
  • Citation Number : TS-421-ITAT-2020(DEL)-TP
  • Tax Payer : Nokia India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects negative working-capital adjustment for captive service provider; Rules on comparables

Aug 19, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-420-ITAT-2020(Bang)-TP
  • Tax Payer : Aspect Technology Center (India) Private Limited
Income tax Appellate Tribunal

ITAT: Prefers internal over external TNMM for benchmarking international transactions; Remits issue

Aug 19, 2020
  • In Favour of Assessee
  • Citation Number : TS-419-ITAT-2020(Bang)-TP
  • Tax Payer : Brillio Technologies Pvt Ltd (Formerly known as M/s. Collabera Solutions Pvt. Ltd.,)
Income tax Appellate Tribunal

ITAT:Draft order passed on non-existent amalgamated entity, void-ab-initio; Follows precedents

Aug 17, 2020
  • In Favour of Assessee
  • Citation Number : TS-418-ITAT-2020(DEL)-TP
  • Tax Payer : BOEING India Pvt Ltd [Successor to Boeing International Corporation India Pvt Ltd]
Income tax Appellate Tribunal

ITAT: Excludes comparables for ITeS provider; Treats forex gains as operating income

Aug 17, 2020
  • In Favour of Assessee
  • Citation Number : TS-417-ITAT-2020(Bang)-TP
  • Tax Payer : Akamai Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds inclusion of 3 comparables rejecting Revenue’s persistent loss making plea

Aug 17, 2020
  • In Favour of Assessee
  • Citation Number : TS-416-ITAT-2020(Mum)-TP
  • Tax Payer : MOL Maritime (India) Pvt Ltd (Formerly known as Mitsui OSK LinesMaritime (India) Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Remits working-capital adjustment for GE BE’s engineering design service division

Aug 17, 2020
  • In Favour of Assessee
  • Citation Number : TS-415-ITAT-2020(Bang)-TP
  • Tax Payer : GE BE Pvt Ltd
Foreign Court

FC: Advocate General advises Netherlands SC on interest deductibility for Dutch Co. on AE-loans

Aug 17, 2020
  • In Favour of Assessee
  • Citation Number : TS-746-FC-2020-TP
  • Tax Payer : [X] BV
Income tax Appellate Tribunal

ITAT: Recommends Special-Bench constitution for interpreting term ‘paid’ under India-Cyprus DTAA Article 11

Aug 16, 2020
  • In Favour of Assessee
  • Citation Number : TS-414-ITAT-2020(Mum)-TP
  • Tax Payer : Ampacet Cyprus Limited