Rulings ( 11525 results )

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Income tax Appellate Tribunal

ITAT:Draft-order with demand/penalty notice culminates proceedings, subsequent orders non-est; Distinguishes PwC-ruling

Aug 14, 2020
  • In Favour of Assessee
  • Citation Number : TS-413-ITAT-2020(DEL)-TP
  • Tax Payer : Perfetti Van Melle (India) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Determines ALP of corporate guarantee fee at 0.5% for Tata Sons; Follows precedents

Aug 14, 2020
  • In Favour of Assessee
  • Citation Number : TS-412-ITAT-2020(Mum)-TP
  • Tax Payer : Tata Sons Ltd
Income tax Appellate Tribunal

ITAT:Excludes 6 comparables in Microsoft’s marketing support segment; Grants working-capital adjustment

Aug 14, 2020
  • In Favour of Assessee
  • Citation Number : TS-411-ITAT-2020(DEL)-TP
  • Tax Payer : Microsoft Corporation (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes Nivea’s AMP-adjustment, remits foreign-AE’s selection as tested-party; Follows earlier-orders

Aug 14, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-410-ITAT-2020(Mum)-TP
  • Tax Payer : Nivea India Private Limited
Income tax Appellate Tribunal

ITAT: Adopts LIBOR without mark-up for benchmarking interest free AE-loans; Follows precedents

Aug 14, 2020
  • In Favour of Assessee
  • Citation Number : TS-409-ITAT-2020(Mum)-TP
  • Tax Payer : Oriental Aromatics Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment on rebates paid to AE; Notes transaction not demonstrated as 'sham'

Aug 13, 2020
  • In Favour of Assessee
  • Citation Number : TS-408-ITAT-2020(DEL)-TP
  • Tax Payer : Bureau Veritas Consumer Products Services (India) Private Limited
Income tax Appellate Tribunal

ITAT: Adopts Berry Ratio as PLI for benchmarking freight services, follows earlier-order; Excludes Om Logistics

Aug 12, 2020
  • In Favour of Assessee
  • Citation Number : TS-407-ITAT-2020(Mum)-TP
  • Tax Payer : DHL Logistics Pvt Ltd
Income tax Appellate Tribunal

ITAT: Refuses second innings to AO to appreciate same facts; Deletes management-charges TP-adjustment

Aug 12, 2020
  • In Favour of Assessee
  • Citation Number : TS-406-ITAT-2020(DEL)-TP
  • Tax Payer : Volvo Auto (India) Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 10 comparables for software-development service provider, cites functional dissimilarity, high RPT etc

Aug 12, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-405-ITAT-2020(Bang)-TP
  • Tax Payer : LG Soft India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Excludes Axis Integrated Systems providing liasioning services for marketing support provider; Follows precedents

Aug 12, 2020
  • In Favour of Assessee
  • Citation Number : TS-404-ITAT-2020(Mum)-TP
  • Tax Payer : DSM Nutritional Products India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Dismisses appeals citing resolution cost contribution allocation ALP under India-US MAP

Aug 12, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-403-ITAT-2020(Mum)-TP
  • Tax Payer : Dresser-Rand India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustments for BCG India absent prescribed method application u/s 92C; Follows various HC-rulings

Aug 10, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-402-ITAT-2020(Mum)-TP
  • Tax Payer : The Boston Consulting Group (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes AMP-adjustment following precedents; Rules on comparables, stresses on FAR-analysis importance

Aug 10, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-401-ITAT-2020(Mum)-TP
  • Tax Payer : Colgate – Palmolive (India) Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on exports; Volume difference in AE, non-AE sales makes comparison unfair

Aug 06, 2020
  • In Favour of Assessee
  • Citation Number : TS-400-ITAT-2020(Mum)-TP
  • Tax Payer : Perstorp Chemicals India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes AMP-adjustment for Xerox India; Rejects Revenue’s attempt to distinguish earlier order

Aug 06, 2020
  • In Favour of Assessee
  • Citation Number : TS-399-ITAT-2020(DEL)-TP
  • Tax Payer : Xerox India Ltd
Income tax Appellate Tribunal

ITAT:R&D cess paid to Govt. cannot be construed as AE's royalty income; Deletes TP-adjustment

Aug 05, 2020
  • In Favour of Assessee
  • Citation Number : TS-398-ITAT-2020(Kol)-TP
  • Tax Payer : Landis+ Gyr Ltd
Income tax Appellate Tribunal

ITAT:SDT reference to TPO bad in law, considering Sec.92BA(i) 'omission'; Follows Raipur Steel

Aug 05, 2020
  • In Favour of Assessee
  • Citation Number : TS-397-ITAT-2020(GAU)-TP
  • Tax Payer : Shivani Ispatand Rolling Mill (P) Ltd
Income tax Appellate Tribunal

ITAT:Quashes TPO-reference for SDT considering Sec 92BA(i) 'omission'; Follows Raipur Steel ruling

Aug 05, 2020
  • In Favour of Assessee
  • Citation Number : TS-396-ITAT-2020(GAU)-TP
  • Tax Payer : Shree Shai Smelters (I) Ltd
Income tax Appellate Tribunal

ITAT: Confirms TP-adjustment deletion rejecting re-characterization of share application money as AE-loan

Aug 05, 2020
  • In Favour of Assessee
  • Citation Number : TS-395-ITAT-2020(Mum)-TP
  • Tax Payer : Voltas Limited
Income tax Appellate Tribunal

ITAT:No interest-adjustment if assessee's genuineness on share-application money refund established

Aug 04, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-394-ITAT-2020(Mum)-TP
  • Tax Payer : VVF Limited