Rulings ( 11951 results )

Filters
Income tax Appellate Tribunal

ITAT: Remits ALP-determination under certification services segment for re-considering forex loss/gains, RPT-filter etc.

  • In Favour of Both, Partially
  • Citation Number : TS-87-ITAT-2021(Bang)-TP
  • Tax Payer : UL India Private Ltd
Income tax Appellate Tribunal

ITAT: TPO jurisdiction is determination of ALP, not commercial expediency or benefit, restores matter

  • In Favour of Assessee
  • Citation Number : TS-88-ITAT-2021(DEL)-TP
  • Tax Payer : Huawei Telecommunications (India) Company Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects TPO’s internal-CUP for export transactions; Remits ALP-determination following earlier-orders

  • In Favour of Assessee
  • Citation Number : TS-89-ITAT-2021(PUN)-TP
  • Tax Payer : Atlas Copco (India) Limited
High Court

HC: Division-bench affirms single-bench ruling upholding transaction non-reference in approval application not fatal for making TPO-reference

  • In Favour of Revenue
  • Citation Number : TS-86-HC-2021(MAD)-TP
  • Tax Payer : Transsys Solutions Private Limited
Income tax Appellate Tribunal

ITAT: Determination of ALP under Rule 10B mutually exclusive vis-a-vis safe harbour definitions under Rule 10TA

  • In Favour of Assessee
  • Citation Number : TS-85-ITAT-2021(PUN)-TP
  • Tax Payer : Dana India Private Limited
Income tax Appellate Tribunal

ITAT: Confirms use of segmental results against entity level for benchmarking management-support services

  • In Favour of Both, Partially
  • Citation Number : TS-83-ITAT-2021(DEL)-TP
  • Tax Payer : Roxtech India Private Limited
Income tax Appellate Tribunal

ITAT: AMP not an international- transaction sans agreement between assessee and AE ; Deletes TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-84-ITAT-2021(PUN)-TP
  • Tax Payer : Kimberly Clark Lever Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on royalty-payment and AMP-expenses for Mondelez India Foods; Follows earlier-orders

  • In Favour of Assessee
  • Citation Number : TS-75-ITAT-2021(Mum)-TP
  • Tax Payer : Mondelez India Foods Pvt Ltd
Income tax Appellate Tribunal

ITAT: Restricts TP- adjustment on corporate guarantee, royalty receivable; Deletes TP-adjustment on account of interest

  • In Favour of Both, Partially
  • Citation Number : TS-82-ITAT-2021(DEL)-TP
  • Tax Payer : Dabur India Ltd
Income tax Appellate Tribunal

ITAT: Deletes 50% profit attribution to subsidiary PE; arms length commission adequate

  • In Favour of Assessee
  • Citation Number : TS-76-ITAT-2021(DEL)-TP
  • Tax Payer : Ricardo UK Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on payment towards SAP ERP implementation; Benefit test satisfied

  • In Favour of Assessee
  • Citation Number : TS-74-ITAT-2021(Mum)-TP
  • Tax Payer : Ciba India Ltd.
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on INR-denominated FCCD interest, accepts SBI PLR+ 300 bps as ALP; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-81-ITAT-2021(DEL)-TP
  • Tax Payer : Hacienda Projects Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits functional characterisation issue considering TPO’s change in stance as compared to earlier years

  • In Favour of Assessee
  • Citation Number : TS-80-ITAT-2021(DEL)-TP
  • Tax Payer : HTC India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects SBI-rates to benchmark interest on AE-receivables; Remits misc. income inclusion for ALP-determination

  • In Favour of Assessee
  • Citation Number : TS-71-ITAT-2021(HYD)-TP
  • Tax Payer : Seaways Liner Agencies Private
Income tax Appellate Tribunal

ITAT: Remits TP-issue relating to RPT filter, capacity-utilization adjustment, comparables- selection

  • In Favour of Assessee
  • Citation Number : TS-79-ITAT-2021(Bang)-TP
  • Tax Payer : Kennametal India Ltd
Income tax Appellate Tribunal

ITAT: Vacates TP-adjustment in respect of royalty payments, intra-group services; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-78-ITAT-2021(Mum)-TP
  • Tax Payer : Dow Agrosciences India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s MA; Excludes Acropetal Technologies for ITeS segment

  • In Favour of Assessee
  • Citation Number : TS-77-ITAT-2021(Bang)-TP
  • Tax Payer : CGI Information Systems and Management Consultants Pvt Ltd (Successor-in-interest to Logica Pvt. Ltd.,)
Income tax Appellate Tribunal

ITAT: Holds AE-loans, corporate guarantee as international transactions, upholds TP-adjustments

  • In Favour of Revenue
  • Citation Number : TS-73-ITAT-2021(Mum)-TP
  • Tax Payer : Rosy Blue (India) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustments on share application money, interest free optionally-convertible loan; Follows earlier-orders

  • In Favour of Assessee
  • Citation Number : TS-68-ITAT-2021(Mum)-TP
  • Tax Payer : Reliance Life Sciences Pvt Ltd
Income tax Appellate Tribunal

ITAT: Vacates TP-adjustment w.r.t interest on delayed export proceeds receivables; Follows Dania Oro ruling

  • In Favour of Assessee
  • Citation Number : TS-70-ITAT-2021(Mum)-TP
  • Tax Payer : Lily Jewellery Pvt. Ltd