Rulings ( 11951 results )

Filters
Income tax Appellate Tribunal

ITAT: Receipt of technical assistance towards production justifies royalty payments; Rejects nil ALP-determination

  • In Favour of Both, Partially
  • Citation Number : TS-11-ITAT-2021(Mum)-TP
  • Tax Payer : Dow Agrosciences India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on management services availed from international & domestic AEs; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-10-ITAT-2021(Mum)-TP
  • Tax Payer : Henkel Chembond Surface Technologies Limited
Income tax Appellate Tribunal

ITAT: Accepts foreign-AE as tested party, considers Revenue’s acceptance in parent co prior to demerger

  • In Favour of Assessee
  • Citation Number : TS-710-ITAT-2020(Mum)-TP
  • Tax Payer : Majesco Software and Solutions India Pvt Ltd
High Court

HC: Disposes writ petition filed by the assessee filed against reopening of assessment

  • In Favour of Assessee
  • Citation Number : TS-711-HC-2020(MAD)-TP
  • Tax Payer : PPN Power Generating Company Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits intra-group services issue for satisfaction of rendition & benefits, follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-12-ITAT-2021(Bang)-TP
  • Tax Payer : Disa India Ltd
Foreign Court

FC: Canada Tax Court: Revenue’s opinion on taxpayer’s downward TP-adjustment eligibility subject to Tax Court’s jurisdiction

  • In Favour of Revenue
  • Citation Number : TS-759-FC-2020(CAN)-TP
  • Tax Payer : Dow Chemical Canada LLC
Income tax Appellate Tribunal

ITAT: Issuance of Corporate Guarantee ‘shareholder activity’, follows Micro Ink; Deletes TP adjustment

  • In Favour of Assessee
  • Citation Number : TS-9-ITAT-2021(Ahd)-TP
  • Tax Payer : AIA Engineering Ltd
High Court

HC: Dismisses working-cap & risk adjustments plea absent substantial question of law; Rules on comparables

  • In Favour of Assessee
  • Citation Number : TS-709-HC-2020(MAD)-TP
  • Tax Payer : Visual Graphics Computing Services (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds LIBOR+170bps as ALP for AE-loans; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-8-ITAT-2021(DEL)-TP
  • Tax Payer : Aithent Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: TPO-reference absent pending assessment proceedings & prior-approval vitiated in law, deletes TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-7-ITAT-2021(Mum)-TP
  • Tax Payer : MK
Income tax Appellate Tribunal

ITAT: Rules on comparable selection for ITES-provider citing extraordinary events, functional dissimilarity; follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-6-ITAT-2021(Bang)-TP
  • Tax Payer : Digicaptions India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects negative working-capital adjustment plea, upholds exclusion of 2 comparables for ITES-provider

  • In Favour of Assessee
  • Citation Number : TS-708-ITAT-2020(Bang)-TP
  • Tax Payer : E4E Business Solutions India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes AMP, Royalty adjustments following precedents; Holds TNMM as MAM for exports

  • In Favour of Assessee
  • Citation Number : TS-707-ITAT-2020(Bang)-TP
  • Tax Payer : Himalaya Drug Company
Foreign Court

FC: Singapore Authority for Advance Ruling holds resident-entity not ‘related-party’ to foreign-shareholders of parent-co

  • In Favour of Assessee
  • Citation Number : TS-15-FC-2021(SNG)-TP
  • Tax Payer : [X]
Income tax Appellate Tribunal

ITAT: Rejects entity level margins comparison under TNMM, directs adoption of segmental profits

  • In Favour of Both, Partially
  • Citation Number : TS-5-ITAT-2021(Bang)-TP
  • Tax Payer : GXS India Technology Centre Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 and Includes one comparable for software-developer; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-4-ITAT-2021(Bang)-TP
  • Tax Payer : Meritor CVS India (P) Ltd
Income tax Appellate Tribunal

ITAT: Allows working capital adjustment on actual basis; Rules on comparable selection, follows precedents

  • In Favour of Assessee
  • Citation Number : TS-3-ITAT-2021(Bang)-TP
  • Tax Payer : Maxim India Integrated Circuit Design Pvt Ltd
Supreme Court

SC: Dismisses Revenue s SLP on grounds of delay; HC upheld ITAT s comparables selection for ITeS-provider

  • In Favour of Assessee
  • Citation Number : TS-2-SC-2021-TP
  • Tax Payer : Evalueserve Com Pvt Ltd
High Court

HC: RBI approval relevant factor for determining ECB interest rate; Upholds ITAT s TP-adjustment deletion

  • In Favour of Assessee
  • Citation Number : TS-706-HC-2020(KAR)-TP
  • Tax Payer : GE INDIA TECHNOLOGY
Income tax Appellate Tribunal

ITAT: Rules on comparable selection for Software- developer; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-1-ITAT-2021(Bang)-TP
  • Tax Payer : ABB Global Industries & Services Ltd