Rulings ( 11525 results )
Income tax Appellate Tribunal
ITAT:Rules on comparables selection; Excludes TP-addition from book profits computation u/s 115JB
Jun 04, 2020
- In Favour of Assessee
- Citation Number : TS-305-ITAT-2020(DEL)-TP
- Tax Payer : Bergen Engines India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Excludes 6 comparables for ITeS-provider, cites extraordinary events, functional dissimilarity, data unavailability
Jun 04, 2020
- In Favour of Both, Partially
- Citation Number : TS-304-ITAT-2020(DEL)-TP
- Tax Payer : NTT DATA Global Delivery Services Ltd (Formerly Keane Worldzen India Pvt Ltd)
Income tax Appellate Tribunal
ITAT:Remits issue of restricting TP-adjustment to international transactions; Cites DRP’s cryptic order
Jun 04, 2020
- In Favour of Assessee
- Citation Number : TS-303-ITAT-2020(Bang)-TP
- Tax Payer : GE Power Electronics India Private Ltd
Income tax Appellate Tribunal
ITAT:Confirms Chapter-X applicability to interest free AE-loans, rejecting assessee’s ‘income’ non-existence plea
Jun 03, 2020
- In Favour of Assessee
- Citation Number : TS-302-ITAT-2020(Bang)-TP
- Tax Payer : United Spirits Limited
Income tax Appellate Tribunal
ITAT: Excludes Infosys Technologies for software-developer; Follows earlier order
Jun 03, 2020
- In Favour of Assessee
- Citation Number : TS-301-ITAT-2020(DEL)-TP
- Tax Payer : Giesecke & Devrient India Pvt Ltd
Income tax Appellate Tribunal
ITAT:Guarantee commission ALP-rate applicable on gross amount guaranteed, not on actual loan availed
Jun 03, 2020
- In Favour of Both, Partially
- Citation Number : TS-300-ITAT-2020(Mum)-TP
- Tax Payer : Omni Active Health Technologies Ltd
Income tax Appellate Tribunal
ITAT: Remits MAM selection plea for equipment purchase; Follows earlier year order
Jun 03, 2020
- In Favour of Assessee
- Citation Number : TS-299-ITAT-2020(Bang)-TP
- Tax Payer : Cisco Systems Capital (India) Private Ltd
Income tax Appellate Tribunal
ITAT: Rejects treating draft-order as final; Annexed demand/penalty notices irrelevant in changing order character
Jun 02, 2020
- In Favour of Revenue
- Citation Number : TS-298-ITAT-2020(Kol)-TP
- Tax Payer : Pricewaterhouse Coopers Private Limited
Income tax Appellate Tribunal
ITAT: Remits issue of functional-comparability of Advance Micro Devices for cardiovascular products distributor
Jun 02, 2020
- In Favour of Both, Partially
- Citation Number : TS-297-ITAT-2020(Mum)-TP
- Tax Payer : Edwards Lifesciences India P Ltd
Income tax Appellate Tribunal
ITAT: Quashes final assessment order sans draft assessment order in post-remand proceedings
Jun 02, 2020
- In Favour of Assessee
- Citation Number : TS-296-ITAT-2020(DEL)-TP
- Tax Payer : Nikon India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Holds TP-adjustment outside Sec 115JB book profits ambit; Follows Cash Edge ruling
Jun 02, 2020
- In Favour of Assessee
- Citation Number : TS-295-ITAT-2020(DEL)-TP
- Tax Payer : SSP India (P) Ltd
Income tax Appellate Tribunal
ITAT: Differentiates graphic animation, gaming from software development services, excludes Tata Elxsi citing functional-dissimilarity
May 29, 2020
- In Favour of Assessee
- Citation Number : TS-294-ITAT-2020(DEL)-TP
- Tax Payer : Global Logic India Ltd
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustment on intra-group services citing double addition when payments are on cost-plus basis
May 29, 2020
- In Favour of Assessee
- Citation Number : TS-293-ITAT-2020(DEL)-TP
- Tax Payer : Teradata India Pvt Ltd
Income tax Appellate Tribunal
ITAT:Deletes TP-adjustments on R&D expenses, management fees made on grounds irrelevant for ALP-determination
May 29, 2020
- In Favour of Assessee
- Citation Number : TS-292-ITAT-2020(Mum)-TP
- Tax Payer : Hamon Cooling Systems
Income tax Appellate Tribunal
ITAT: Geographical location irrelevant for consultancy services comparability; Deletes TP-adjustment accepting assessee’s internal-CPM
May 28, 2020
- In Favour of Assessee
- Citation Number : TS-291-ITAT-2020(Mum)-TP
- Tax Payer : Mott MacDonald Pvt Ltd (Successor to Mott MacDonald Consultants India Private Ltd)
Foreign Court
FC: Finnish SC: Rejects re-characterization of intra-group financial restructuring sans tax avoidance allegation
May 27, 2020
- In Favour of Assessee
- Citation Number : TS-730-FC-2020(FIN)-TP
- Tax Payer : A Group
Supreme Court
SC:Dismisses Revenue's SLP against HC order excluding 4 comparables for IT/ITeS-provider
May 26, 2020
- In Favour of Assessee
- Citation Number : TS-290-SC-2020-TP
- Tax Payer : CADENCE DESIGN SYSTEMS (I) P. LTD
Income tax Appellate Tribunal
ITAT: Allows Sec.10AA deduction on suo-moto TP-adjustment; Upholds DRP’s application of export filter
May 26, 2020
- In Favour of Assessee
- Citation Number : TS-289-ITAT-2020(Bang)-TP
- Tax Payer : EYBGS India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Confirms turnover-filter application; Rejects multiple year data plea considering relevant-AY data availability
May 25, 2020
- In Favour of Assessee
- Citation Number : TS-288-ITAT-2020(Bang)-TP
- Tax Payer : Swiss Re Global Business Solutions India Pvt Ltd (Formerly known as Swiss Re Shared Services India Pvt Ltd)
Income tax Appellate Tribunal
ITAT: Working-capital/Risk adjustment cannot be denied citing data non-availability without exercising powers u/s.133(6)
May 21, 2020
- In Favour of Both, Partially
- Citation Number : TS-287-ITAT-2020(Bang)-TP
- Tax Payer : Marlabs Innovations Pvt Ltd