Rulings ( 11951 results )

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Income tax Appellate Tribunal

ITAT: Excludes 4 comparables for ITeS-provider, follows various rulings; Remits working-capital adjustment for reconsideration

  • In Favour of Assessee
  • Citation Number : TS-155-ITAT-2021(Bang)-TP
  • Tax Payer : Acuity Knowledge Center (India) Pvt. Ltd
High Court

HC: Delhi HC refuses exercise of writ-jurisdiction against DRP-directions, inconsistent view qua prior-years not exceptional circumstance

  • In Favour of Revenue
  • Citation Number : TS-151-HC-2021(DEL)-TP
  • Tax Payer : Sabic India Private Limited
Income tax Appellate Tribunal

ITAT: Allows assessee to contest comparables included in TP-study, excludes 3 citing functional-dissimilarity etc

  • In Favour of Assessee
  • Citation Number : TS-150-ITAT-2021(Bang)-TP
  • Tax Payer : Fiberlink Software Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes Sec 263 order; Upholds non-applicability of Sec 56(2)(viib) to non-resident share issue

  • In Favour of Assessee
  • Citation Number : TS-146-ITAT-2021(Ind)-TP
  • Tax Payer : Ruchi J Oil Pvt. Ltd
Income tax Appellate Tribunal

ITAT: AMP not international transaction, follows Maruti Suzuki; Remits other issues

  • In Favour of Assessee
  • Citation Number : TS-148-ITAT-2021(Mum)-TP
  • Tax Payer : Johnson & Johnson (P.) Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on corporate fees paid by Rolls Royce; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-149-ITAT-2021(Mum)-TP
  • Tax Payer : Rolls Royce Marine India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on RSU; Takes cognizance of TP-documentation maintained for other payments

  • In Favour of Assessee
  • Citation Number : TS-142-ITAT-2021(Mum)-TP
  • Tax Payer : Sulzer Pumps India Limited
High Court

HC: Quashes assessment order passed beyond 1 year post ITAT-remand, time-barred u/s.153(2A)

  • In Favour of Assessee
  • Citation Number : TS-143-HC-2021(MAD)-TP
  • Tax Payer : Freight Systems (India) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Dismisses MA on outstanding receivables; AE's access to assessee's reserves akin to loans

  • In Favour of Revenue
  • Citation Number : TS-145-ITAT-2021(DEL)-TP
  • Tax Payer : Techbooks International Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds re-characterisation of reimbursement as provision of intra-group services; Remits determination of mark-up

  • In Favour of Revenue
  • Citation Number : TS-138-ITAT-2021(Bang)-TP
  • Tax Payer : Tata Coffee Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-addition on account of various guarantees; Follows earlier-orders

  • In Favour of Both, Partially
  • Citation Number : TS-139-ITAT-2021(Mum)-TP
  • Tax Payer : KEC International Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for software, marketing support-services segments; Remits outstanding AE-receivables TP-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-140-ITAT-2021(Bang)-TP
  • Tax Payer : Salesforce.com India Private Limited
Income tax Appellate Tribunal

ITAT: Upholds relevance of turnover filter, allows risk adjustment; Rules on comparables and outstanding receivables

  • In Favour of Assessee
  • Citation Number : TS-141-ITAT-2021(Bang)-TP
  • Tax Payer : Zynga Game Network India Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal on TP issues, cites tax effect less than 1 crore

  • In Favour of Assessee
  • Citation Number : TS-769-HC-2020(MAD)-TP
  • Tax Payer : Flow Link Systems P. Ltd
Income tax Appellate Tribunal

ITAT: Remits benchmarking of interest on outstanding AE receivables using LIBOR; Follows Avenue Asia Ruling

  • In Favour of Assessee
  • Citation Number : TS-134-ITAT-2021(Bang)-TP
  • Tax Payer : ISG Novasoft Technologies Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on interest on AE-receivables; Rules on exclusion of comparables

  • In Favour of Assessee
  • Citation Number : TS-135-ITAT-2021(HYD)-TP
  • Tax Payer : Progress Software Development Private Limited
Income tax Appellate Tribunal

ITAT: Deletes twin TP-adjustment on royalty and technical service payments; disregards TPO's benefit-test

  • In Favour of Assessee
  • Citation Number : TS-136-ITAT-2021(HYD)-TP
  • Tax Payer : Agro Tech Foods Limited
Income tax Appellate Tribunal

ITAT: Distinguishes between after-sales exports and sourcing-service exports; rejects aggregated internal TNMM approach

  • In Favour of Both, Partially
  • Citation Number : TS-137-ITAT-2021(PUN)-TP
  • Tax Payer : Piaggio Vehicles Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue appeal, upholds LIBOR+2% rate to benchmark interest-free AE advances; follows prior year rulings

  • In Favour of Assessee
  • Citation Number : TS-132-ITAT-2021(Mum)-TP
  • Tax Payer : Aurionpro Solutions Ltd
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s appeal on TP issues in view of APA resolution

  • In Favour of Assessee
  • Citation Number : TS-131-ITAT-2021(DEL)-TP
  • Tax Payer : Geodis Overseas Pvt Ltd