Rulings ( 11525 results )
Income tax Appellate Tribunal
ITAT:Excludes Infosys BPO in ITeS-segment citing significant brand presence; Remits software segment TP-adjustment
May 21, 2020
- In Favour of Assessee
- Citation Number : TS-286-ITAT-2020(DEL)-TP
- Tax Payer : Steria (India) Ltd
Foreign Court
FC: Finnish SC: Deletes TP-adjustment on AE-purchases made by treating loss-making taxpayer as tested-party
May 21, 2020
- In Favour of Assessee
- Citation Number : TS-736-FC-2020(FIN)-TP
- Tax Payer : A Oy
Income tax Appellate Tribunal
ITAT: Excludes 100% government owned company, remits 3 companies for service filter verification; Follows precedent
May 20, 2020
- In Favour of Assessee
- Citation Number : TS-285-ITAT-2020(DEL)-TP
- Tax Payer : Bechtel India Private Limited
Income tax Appellate Tribunal
ITAT: Confirms royalty TP-adjustment for manufacturer assessee, a public company; Follows earlier-order
May 20, 2020
- In Favour of Assessee
- Citation Number : TS-284-ITAT-2020(DEL)-TP
- Tax Payer : Asahi India Glass Limited
Income tax Appellate Tribunal
ITAT: Holds subcontracting charges as operating item; Rules on comparables for captive-service provider
May 19, 2020
- In Favour of Both, Partially
- Citation Number : TS-283-ITAT-2020(Bang)-TP
- Tax Payer : Applied Materials India Pvt Ltd
Income tax Appellate Tribunal
ITAT:Deletes BLT based AMP-adjustment for liquor manufacturer & trader; Follows earlier orders
May 19, 2020
- In Favour of Both, Partially
- Citation Number : TS-282-ITAT-2020(DEL)-TP
- Tax Payer : Pernod Ricard India Pvt Ltd
Foreign Court
FC: Danish HC: Upholds TP-adjustment; Considers goodwill amortization as operating expense for EBIT-computation under TNMM
May 19, 2020
- In Favour of Revenue
- Citation Number : TS-734-FC-2020-TP
- Tax Payer : Drug Company - A
High Court
HC: Upholds ITAT-order; Filters only for narrowing search, acceptance doesn't restrain comparables challenge
May 19, 2020
- In Favour of Assessee
- Citation Number : TS-281-HC-2020(DEL)-TP
- Tax Payer : Open Solutions Software Services Pvt Ltd
Income tax Appellate Tribunal
ITAT: Extends stay of demand citing HC directive, lauds CBDT's 'pragmatism' during extraordinary situation
May 19, 2020
- In Favour of Assessee
- Citation Number : TS-280-ITAT-2020(DEL)-TP
- Tax Payer : Steria (India) Limited
Income tax Appellate Tribunal
ITAT: Excludes comparables for software developer citing functional dissimilarity, service income filter failure etc
May 18, 2020
- In Favour of Both, Partially
- Citation Number : TS-279-ITAT-2020(Bang)-TP
- Tax Payer : Evolving Systems Networks India Pvt Ltd
Income tax Appellate Tribunal
ITAT:Adopts TNMM for benchmarking royalty and product development fee; Rules on comparables
May 18, 2020
- In Favour of Both, Partially
- Citation Number : TS-278-ITAT-2020(DEL)-TP
- Tax Payer : Nissin Brake India Pvt Ltd
Income tax Appellate Tribunal
ITAT:Upholds TPO’s expenses allocation for computing comparable’s net-margin in second appeal round
May 15, 2020
- In Favour of Revenue
- Citation Number : TS-277-ITAT-2020(DEL)-TP
- Tax Payer : Panasonic Industrial Asia Pte Ltd
Income tax Appellate Tribunal
ITAT: Maintenance services interlinked to software license distribution activity, directs AO/TPO to aggregate transactions
May 15, 2020
- In Favour of Assessee
- Citation Number : TS-276-ITAT-2020(Bang)-TP
- Tax Payer : Parametrics Technology Private Limited
Income tax Appellate Tribunal
ITAT:Remits TP-adjustment on outstanding AE-receivables; Directs AO to follow Instrumentation Corpn SB-ruling
May 15, 2020
- In Favour of Assessee
- Citation Number : TS-275-ITAT-2020(Bang)-TP
- Tax Payer : Lotus Labs Private Limited
Income tax Appellate Tribunal
ITAT: Rejects 0% RPT, holds 25% threshold appropriate; Draws supports from Section 92A(2)(e)
May 14, 2020
- In Favour of Both, Partially
- Citation Number : [TS-274-ITAT-2020(DEL)-TP
- Tax Payer : BEA Systems India Technology Centre Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Dismisses assessee’s appeal; Upholds AO/TPO’s revision of TP-adjustment pursuant to DRP-directions
May 12, 2020
- In Favour of Revenue
- Citation Number : TS-273-ITAT-2020(DEL)-TP
- Tax Payer : Comverse Network Systems India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rules on comparables; Retains Akshay Software exclusion as correct business nature not established
May 12, 2020
- In Favour of Both, Partially
- Citation Number : TS-272-ITAT-2020(Bang)-TP
- Tax Payer : iPass India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Upholds exclusion of 10 comparables citing abnormally high profit margin, functional-dissimilarity etc
May 12, 2020
- In Favour of Both, Partially
- Citation Number : TS-271-ITAT-2020(Bang)-TP
- Tax Payer : CGI Information Systems and Management Consultants Pvt Ltd
Supreme Court
SC:Sets aside HC-order allowing GlaxoSmithKline's writ filed after expiry of statutory appeal-filing limitation
May 06, 2020
- In Favour of Revenue
- Citation Number : TS-270-SC-2020-TP
- Tax Payer : GlaxoSmithKline Consumer Healthcare Limited
Income tax Appellate Tribunal
ITAT: Includes functionally similar companies despite following different financial years; Follows precedents
May 05, 2020
- In Favour of Both, Partially
- Citation Number : TS-269-ITAT-2020(Bang)-TP
- Tax Payer : NXP India Pvt Ltd (Successor of NXP Semiconductors India P.Ltd.)