Rulings ( 11951 results )

Filters
Income tax Appellate Tribunal

ITAT: No separate adjustment for overdue receivables from AE if TNMM is MAM

  • In Favour of Assessee
  • Citation Number : TS-705-ITAT-2020(CHNY)-TP
  • Tax Payer : Gimpex Pvt Ltd [Formerly known as GIMPEX Ltd.]
Income tax Appellate Tribunal

ITAT: Software distributors comparable to distributor of TV channels; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-704-ITAT-2020(Mum)-TP
  • Tax Payer : Sermed Services India Pvt Ltd., Formerly known as Star Den Media Services P. Ltd
Income tax Appellate Tribunal

ITAT: No further profit attribution to alleged-PE if commission paid is at arm's length

  • In Favour of Assessee
  • Citation Number : TS-703-ITAT-2020(Mum)-TP
  • Tax Payer : NGC Network Asia LLC
Income tax Appellate Tribunal

ITAT: Includes ICRA Online for assessee s business facilitation services; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-704-ITAT-2020(Mum)-TP
  • Tax Payer : Basell Polyolefins India Private Ltd
Income tax Appellate Tribunal

ITAT: Outstanding receivables from AE, international transaction, to be benchmarked at LIBOR + 200 bps

  • In Favour of Both, Partially
  • Citation Number : TS-702-ITAT-2020(CHNY)-TP
  • Tax Payer : Serviont Global Solutions Ltd
Income tax Appellate Tribunal

ITAT: Quashes final assessment order passed within 30 days of passing draft order

  • In Favour of Assessee
  • Citation Number : TS-701-ITAT-2020(Kol)-TP
  • Tax Payer : Century Plyboards (India) Limited
Income tax Appellate Tribunal

ITAT: Holds outstanding AE-receivables as international transaction, adopts Libor+ for ALP-computation; Rules on comparables

  • In Favour of Both, Partially
  • Citation Number : TS-700-ITAT-2020(HYD)-TP
  • Tax Payer : ADP Private Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparable selection for SWD and market support services segment; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-699-ITAT-2020(Bang)-TP
  • Tax Payer : VMWARE SOFTWARE INDIA PVT LTD
Supreme Court

SC: Dismisses Revenue s SLP; HC rejected foreign-AE's rate of return for benchmarking INR-denominated CCDs

  • In Favour of Assessee
  • Citation Number : TS-698-SC-2020-TP
  • Tax Payer : M/S INDIA DEBT MANAGEMENT PVT. LTD.
High Court

HC: Lambasts Revenue for non-adherence of Sec. 144C mandate, pursuing frivolous litigation; Imposes cost

  • In Favour of Assessee
  • Citation Number : TS-697-HC-2020(DEL)-TP
  • Tax Payer : Headstrong Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Includes Mubea Suspension as not persistent loss making; Assessee eligible for working-cap adjustment

  • In Favour of Assessee
  • Citation Number : TS-696-ITAT-2020(Bang)-TP
  • Tax Payer : Inteva Products India Automotive Private Limited
Income tax Appellate Tribunal

ITAT: Quashes assessment-order framed on basis of TP-order passed in name of non-existent entity

  • In Favour of Assessee
  • Citation Number : TS-695-ITAT-2020(DEL)-TP
  • Tax Payer : VEDANTA LIMITED (Successor to M/s. Cairn India Ltd.)
Income tax Appellate Tribunal

ITAT: Includes AMP-spend and excludes outward freight for ALP-computation of imports under RPM

  • In Favour of Assessee
  • Citation Number : TS-694-ITAT-2020(DEL)-TP
  • Tax Payer : Michelin India Pvt Ltd (Formerly known as Michelin India Tyres Pvt.Ltd.)
Income tax Appellate Tribunal

ITAT: Corporate guarantee not an international transaction pre-2012, deletes TP-adjustment thereon

  • In Favour of Assessee
  • Citation Number : TS-693-ITAT-2020(HYD)-TP
  • Tax Payer : Vivimed Labs Limited
Income tax Appellate Tribunal

ITAT: AO s final-order passed without incorporating DRP's directions, bad in law; Follows Flextronics ruling

  • In Favour of Assessee
  • Citation Number : TS-692-ITAT-2020(Bang)-TP
  • Tax Payer : Xchnging Solutions Limited
Income tax Appellate Tribunal

ITAT: Deletes ALP-adjustment on FCCD-interest though validates protective addition terming it as alternative assessment

  • In Favour of Both, Partially
  • Citation Number : TS-691-ITAT-2020(DEL)-TP
  • Tax Payer : SUGAM VANIJYA HOLDINGS PRIVATE LIMITED
Income tax Appellate Tribunal

ITAT: Form 3CEB submission not equivalent to TP-documentation compliance u/s. 92D; Dismisses NR co. s MA

  • In Favour of Revenue
  • Citation Number : TS-690-ITAT-2020(DEL)-TP
  • Tax Payer : Convergys Customer Management Group Inc
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables for ITES-provider citing functional dissimilarity, outsourcing model; Follow precedents

  • In Favour of Assessee
  • Citation Number : TS-689-ITAT-2020(Mum)-TP
  • Tax Payer : Dimension Data India Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on interest on outstanding-receivables, rules on comparables; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-688-ITAT-2020(DEL)-TP
  • Tax Payer : Bechtel India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables for Software developer citing functional dissimilarity and extraordinary events

  • In Favour of Assessee
  • Citation Number : TS-687-ITAT-2020(PUN)-TP
  • Tax Payer : eGain Communications Pvt Ltd