Rulings ( 11951 results )

Filters
Income tax Appellate Tribunal

ITAT: Confirms TP-adjustment qua interest on loan; treats forex as operating-item; rules on selection of various comparables

  • In Favour of Both, Partially
  • Citation Number : TS-133-ITAT-2021(Ahd)-TP
  • Tax Payer : GHCL Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables citing unavailability of segmental-results/ failure on quantitive-filters; Remits incorrect margin computation

  • In Favour of Assessee
  • Citation Number : TS-128-ITAT-2021(Mum)-TP
  • Tax Payer : MWH INDIA PVT LTD
Income tax Appellate Tribunal

ITAT: Remits ALP determination for royalty payment following co-ordinate bench ruling in assessee's own case

  • In Favour of Both, Partially
  • Citation Number : TS-129-ITAT-2021(Mum)-TP
  • Tax Payer : Mahindra Heavy Engines Ltd
Income tax Appellate Tribunal

ITAT: Rules on selection of comparables for assessee engaged in manufacture of automotives; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-130-ITAT-2021(Bang)-TP
  • Tax Payer : Meritor CVS India (P) Ltd
Income tax Appellate Tribunal

ITAT: Directs AO to compute mean of working-capital-adjustment of comparables retained; Rules on various comparables

  • In Favour of Both, Partially
  • Citation Number : TS-127-ITAT-2021(Bang)-TP
  • Tax Payer : Altisource Business Solutions Private Ltd
Income tax Appellate Tribunal

ITAT: Adopts CUP as MAM against assessee's TNMM for broking-income from FII-AEs; disregards domestic comparables

  • In Favour of Revenue
  • Citation Number : TS-126-ITAT-2021(Mum)-TP
  • Tax Payer : UBS Securities India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes TP-order passed beyond 60-day limit u/s 92CA(3A) r.w.s.153(1); Follows Pfizer Healthcare HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-123-ITAT-2021(DEL)-TP
  • Tax Payer : Louis Dreyfus Commodities India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Sets aside assessment-order passed in non-conformity with DRP directions; Time-barred final assessment-order held ultra-vires

  • In Favour of Assessee
  • Citation Number : TS-124-ITAT-2021(Bang)-TP
  • Tax Payer : Yokogawa India Limited
Income tax Appellate Tribunal

ITAT: Adjudicates on selection of comparables and remits additional ground of negative working-capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-125-ITAT-2021(Bang)-TP
  • Tax Payer : Replicon Software (India) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Directs re-computation of working-capital adjustment in accordance with ALP-margins; Rules on comparables

  • In Favour of Assessee
  • Citation Number : TS-122-ITAT-2021(DEL)-TP
  • Tax Payer : Honda R & D (India) Pvt Ltd
Foreign Court

FC: SA Tax Court refuses separation of AE-purchases for ALP determination, applies entity-level TNMM

  • In Favour of Revenue
  • Citation Number : TS-121-FC-2021(SAFR)-TP
  • Tax Payer : ABC (PTY) LTD (South African Taxpayer)
Income tax Appellate Tribunal

ITAT: Delay in realization of AE-receivables separate international- transaction, imputes interest cost

  • In Favour of Both, Partially
  • Citation Number : TS-117-ITAT-2021(CHNY)-TP
  • Tax Payer : Doosan Power Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds no negative working-capital adjustment for captive service provider; Excludes 2 comparables

  • In Favour of Assessee
  • Citation Number : TS-118-ITAT-2021(Bang)-TP
  • Tax Payer : IDS Software Solutions India Private Ltd.
Income tax Appellate Tribunal

ITAT: Holds 3% interest charged on foreign currency loan advanced to AE at arm’s length

  • In Favour of Assessee
  • Citation Number : TS-119-ITAT-2021(Mum)-TP
  • Tax Payer : Transasia Bio-Medicals Limited
Income tax Appellate Tribunal

ITAT: Sets aside CIT(A)’s non-speaking order on Sec.271G-penalty deletion for diamond merchant

  • In Favour of Both, Partially
  • Citation Number : TS-120-ITAT-2021(Mum)-TP
  • Tax Payer : Kapu Gems
Income tax Appellate Tribunal

ITAT: Excludes comparables for software development and ITES-provider applying turnover filter; Follows Autodesk ruling

  • In Favour of Assessee
  • Citation Number : TS-115-ITAT-2021(Bang)-TP
  • Tax Payer : Ariba Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts assessee’s OP/VAE over TPO’s OP/TC as PLI for benchmarking freight-receipts and expenses

  • In Favour of Assessee
  • Citation Number : TS-114-ITAT-2021(Mum)-TP
  • Tax Payer : Agility Logistics Private Limited
Income tax Appellate Tribunal

ITAT: Remits ALP-determination for certification services segment; Rules on comparables for ITeS-segment

  • In Favour of Both, Partially
  • Citation Number : TS-113-ITAT-2021(Bang)-TP
  • Tax Payer : UL India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on AMP- expenditure in absence of international transaction; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-107-ITAT-2021(DEL)-TP
  • Tax Payer : AMADEUS INDIA PVT LTD
Income tax Appellate Tribunal

ITAT: Deletes AMP-adjustment, rules on comparables for R&D/testing segment; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-108-ITAT-2021(Mum)-TP
  • Tax Payer : Colgate Palmolive (India) Limited