Rulings ( 11525 results )

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Income tax Appellate Tribunal

ITAT: Excludes 3 comparables; Deletes notional interest on outstanding AE-receivables for debt-free company

Jul 03, 2020
  • In Favour of Assessee
  • Citation Number : TS-338-ITAT-2020(DEL)-TP
  • Tax Payer : Global Logic India Ltd
Income tax Appellate Tribunal

ITAT:Quashes Shell India's Sec 263-order; Upholds AO's Sec 10A/10B tax holiday grant on voluntary TP-adjustment

Jul 02, 2020
  • In Favour of Assessee
  • Citation Number : TS-337-ITAT-2020(Mum)-TP
  • Tax Payer : Shell India Markets Private Limited
Income tax Appellate Tribunal

ITAT: Adopts LIBOR+200bps as interest ALP for AE-loan, 0.5% as corporate guarantee ALP; Follows precedents

Jul 01, 2020
  • In Favour of Assessee
  • Citation Number : TS-336-ITAT-2020(Mum)-TP
  • Tax Payer : Piramal Glass Private Limited (Earlier Known as Piramal Glass Ltd)
Income tax Appellate Tribunal

ITAT:Quashes revisionary jurisdiction against TPO non-reference citing sec.92BA-inapplicability on sales to sister-concern

Jul 01, 2020
  • In Favour of Assessee
  • Citation Number : TS-335-ITAT-2020(Ahd)-TP
  • Tax Payer : Ashish Subodhchandra Shah (HUF)
Income tax Appellate Tribunal

ITAT: Quashes assessment as time-barred; Extended Sec 153 time limit inapplicable sans TPO-reference

Jul 01, 2020
  • In Favour of Assessee
  • Citation Number : TS-334-ITAT-2020(DEL)-TP
  • Tax Payer : Stefanini India Pvt Ltd (Formerly known as Codex Software Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Excludes 2 comparables citing functional dissimilarity, fluctuating profit margins for BPO service-provider

Jul 01, 2020
  • In Favour of Assessee
  • Citation Number : TS-333-ITAT-2020(Mum)-TP
  • Tax Payer : Banc Tec TPS India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds assessee's right to choose between CIT(A), DRP appeal route; Cites Circular 5/2010

Jun 30, 2020
  • In Favour of Assessee
  • Citation Number : TS-332-ITAT-2020(Bang)-TP
  • Tax Payer : Mann and Hummel Filter Private Limited
Foreign Court

FC: Norwegian SC rules on intra-group allocation of R&D cost incurred by Shell's Norway entity

Jun 30, 2020
  • In Favour of Assessee
  • Citation Number : TS-742-FC-2020(NOR)-TP
  • Tax Payer : Norske Shell?
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment on medical equipments purchase sans evidence; Deletes adjustment on outstanding AE-receivables

Jun 29, 2020
  • In Favour of Assessee
  • Citation Number : TS-331-ITAT-2020(DEL)-TP
  • Tax Payer : DHR Holding India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects re-characterization of entire share application as loan; Holds transaction not sham

Jun 29, 2020
  • In Favour of Assessee
  • Citation Number : TS-330-ITAT-2020(Ahd)-TP
  • Tax Payer : Astral Poly Technik Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects TPO’s TP-adjustment citing ‘unambiguous case’ of natural justice principles violation

Jun 26, 2020
  • In Favour of Assessee
  • Citation Number : TS-329-ITAT-2020(DEL)-TP
  • Tax Payer : Marubeni India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Determines Corporate Guarantee ALP at 0.5%; Follows earlier-order

Jun 25, 2020
  • In Favour of Assessee
  • Citation Number : TS-328-ITAT-2020(Mum)-TP
  • Tax Payer : Piramal Enterprises Limited (Formerly known as Piramal Healthcare Limited)
Income tax Appellate Tribunal

ITAT: Quashes Sec.263-order against SDT non-reference; Sec.92BA(i) ‘omitted’, not ‘repealed’, absent saving clause

Jun 25, 2020
  • In Favour of Assessee
  • Citation Number : TS-327-ITAT-2020(Kol)-TP
  • Tax Payer : Raipur Steel Casting India (P) Ltd
Income tax Appellate Tribunal

ITAT: Grants deduction u/s.10A to Dell on enhanced export income pursuant to MAP resolution

Jun 25, 2020
  • In Favour of Assessee
  • Citation Number : TS-326-ITAT-2020(Bang)-TP
  • Tax Payer : Dell International Services India Private Limited
Income tax Appellate Tribunal

ITAT:Deletes management fee TP-adjustment; Assessee’s profitability increase establishes benefit of AE’s services

Jun 24, 2020
  • In Favour of Assessee
  • Citation Number : TS-325-ITAT-2020(DEL)-TP
  • Tax Payer : Michelin India Pvt Ltd (Formerly known as Michelin India Tyres Pvt.Ltd.)
Income tax Appellate Tribunal

ITAT:Upholds CIT(A)-order rejecting MakeMyTrip’s AMP-spend attribution to AE’s share quotation at premium

Jun 24, 2020
  • In Favour of Assessee
  • Citation Number : TS-324-ITAT-2020(DEL)-TP
  • Tax Payer : MakeMy Trip (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes Casio’s AMP-adjustment absent material to demonstrate international transaction existence; Follows earlier-order

Jun 24, 2020
  • In Favour of Assessee
  • Citation Number : TS-323-ITAT-2020(DEL)-TP
  • Tax Payer : Casio India Company Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for software-developer, excludes Infosys, Persistent, L&T, Thirdware

Jun 24, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-322-ITAT-2020(Bang)-TP
  • Tax Payer : Brocade Communications Systems Private Limited
Foreign Court

FC: Zambian SC confirms invocation of tax avoidance provision on copper-miner's exports to Swiss parent

Jun 23, 2020
  • In Favour of Revenue
  • Citation Number : TS-733-FC-2020-TP
  • Tax Payer : Mopani Copper Mines PLC
Foreign Court

FC: US SC dismisses Altera's appeal; Confirms validation of stock-based compensation cost sharing regulations

Jun 23, 2020
  • In Favour of Revenue
  • Citation Number : TS-743-FC-2020(USA)-TP
  • Tax Payer : Altera Corporation & Subsidiaries