Rulings ( 11525 results )
Income tax Appellate Tribunal
ITAT: Remits TP-adjustment for Exxon’s lubricant import, re-sale and service fee transactions
Jun 22, 2020
- In Favour of Assessee
- Citation Number : TS-321-ITAT-2020(DEL)-TP
- Tax Payer : Exxon Mobil Lubricants P Ltd
Income tax Appellate Tribunal
ITAT:AO can't disturb Sec.80IC deduction when SDT accepted by TPO as at arm's length
Jun 22, 2020
- In Favour of Assessee
- Citation Number : TS-320-ITAT-2020(Mum)-TP
- Tax Payer : Mahindra & Mahindra Limited
Foreign Court
FC: Canadian Federal Court rules on 'arm's length test' for foreign-affilliate's income exclusion
Jun 19, 2020
- In Favour of Assessee
- Citation Number : TS-738-FC-2020-TP
- Tax Payer : Loblaw Financial Holdings Inc
Income tax Appellate Tribunal
ITAT: Adopts op-cost corresponding to op-revenue only for PLI-computation; Considers mid-year operations closure
Jun 18, 2020
- In Favour of Both, Partially
- Citation Number : TS-319-ITAT-2020(Bang)-TP
- Tax Payer : Trident Microsystems India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rules on comparables for Goldman Sachs, excludes Persistent Systems, L&T Infotech, Infosys
Jun 18, 2020
- In Favour of Both, Partially
- Citation Number : TS-318-ITAT-2020(Bang)-TP
- Tax Payer : Goldman Sachs Services Pvt Ltd
Income tax Appellate Tribunal
ITAT: AO’s corporate guarantee TP-adjustment absent TPO-reference invalid, remits issue; Follows SG Asia SC-ruling
Jun 18, 2020
- In Favour of Both, Partially
- Citation Number : TS-317-ITAT-2020(DEL)-TP
- Tax Payer : New Delhi Television Ltd
Income tax Appellate Tribunal
ITAT: Deletes 400+cr AMP-adjustment for Reckitt Benckiser India absent obligation to promote AE-brands
Jun 18, 2020
- In Favour of Both, Partially
- Citation Number : TS-316-ITAT-2020(Kol)-TP
- Tax Payer : Reckitt Benckiser (I) Pvt Ltd
Foreign Court
FC: US Tax Court taxes Whirlpool's Luxembourg-CFC sales income earned under Mexican Maquiladora structure
Jun 17, 2020
- In Favour of Revenue
- Citation Number : TS-740-FC-2020(USA)-TP
- Tax Payer : Whirlpool Financial Corporation & Consolidated Subsidiaries
Foreign Court
FC: Danish HC allows discretionary TP-adjustment citing assessee's unsubstantiated deficit and defective TP-documentation
Jun 16, 2020
- In Favour of Revenue
- Citation Number : TS-739-FC-2020(DEN)-TP
- Tax Payer : H1 A / S
Income tax Appellate Tribunal
ITAT: Rejects negative working capital adjustment for captive software developer; Follows Adaptech ruling
Jun 15, 2020
- In Favour of Assessee
- Citation Number : TS-315-ITAT-2020(Bang)-TP
- Tax Payer : Tivo Tech Private Limited [Formerly Veveo (India) Pvt. Ltd.]
Income tax Appellate Tribunal
ITAT: Deletes Gillette's AMP-adjustment; Commercial expediency not Revenue's realm, remits royalty TP-adjustment
Jun 15, 2020
- In Favour of Both, Partially
- Citation Number : TS-314-ITAT-2020(JPR)-TP
- Tax Payer : Gillette India Ltd
High Court
HC: Dismisses Revenue’s appeal against ITAT-order on comparables; Follows Softbrands, Eight Roads Investment rulings
Jun 15, 2020
- In Favour of Assessee
- Citation Number : TS-313-HC-2020(BOM)-TP
- Tax Payer : AGM India Advisors Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rejects Revenue’s miscellaneous petition against ITAT-order restoring TP-issue to DRP instead of AO
Jun 12, 2020
- In Favour of Revenue
- Citation Number : TS-312-ITAT-2020(Bang)-TP
- Tax Payer : Wevin Pvt. Ltd
Income tax Appellate Tribunal
ITAT:Accepts assessee’s withdrawal of TP-appeal absent Revenue's objection
Jun 12, 2020
- In Favour of Assessee
- Citation Number : TS-311-ITAT-2020(CHNY)-TP
- Tax Payer : Madura Coats Private Limited
Income tax Appellate Tribunal
ITAT: Admits assessee’s additional evidence, remits working-capital adjustment; Excludes 2 comparables
Jun 12, 2020
- In Favour of Assessee
- Citation Number : TS-310-ITAT-2020(Kol)-TP
- Tax Payer : Linde Global Support Services Private Limited
High Court
HC:Confirms TP-adjustment deletion sans evidence of assessee’s service provision for AE’s Indian contract
Jun 11, 2020
- In Favour of Assessee
- Citation Number : TS-309-HC-2020(BOM)-TP
- Tax Payer : Solar Turbines India P. Ltd
Income tax Appellate Tribunal
ITAT: Admits assessee's additional ground on comparable-selection; Distinguishes Softbrands, Begum Noor Banu HC-rulings
Jun 10, 2020
- In Favour of Assessee
- Citation Number : TS-308-ITAT-2020(HYD)-TP
- Tax Payer : United Online Software Development (India) Private Limited
Foreign Court
FC: Polish Court: Allows intra-group services cost finding'functional relationship' with service remuneration
Jun 09, 2020
- In Favour of Assessee
- Citation Number : TS-731-FC-2020-TP
- Tax Payer : X Company
Income tax Appellate Tribunal
ITAT: Holds assessment on non-existent entity post amalgamation unsustainable, non-curable u/s. 292B
Jun 08, 2020
- In Favour of Assessee
- Citation Number : TS-307-ITAT-2020(Ahd)-TP
- Tax Payer : Intas Lifesciences Erstwhile known as Intas Pharmaceuticals Since merged with Intas Pharmaceuticals Ltd
Income tax Appellate Tribunal
ITAT: Remits capacity-utilisation adjustment, directs TPO to seek information u/s. 133(6); Follows IKA India ruling
Jun 08, 2020
- In Favour of Assessee
- Citation Number : TS-306-ITAT-2020(Bang)-TP
- Tax Payer : Essentra (India) Pvt Ltd