Rulings ( 11525 results )

Filters
Income tax Appellate Tribunal

ITAT: Quashes DRP’s non-speaking order on comparables, RPT, PLI-computation; Remits TP-issues

May 05, 2020
  • In Favour of Assessee
  • Citation Number : TS-268-ITAT-2020(Bang)-TP
  • Tax Payer : Kennametal India Ltd
Income tax Appellate Tribunal

ITAT: TPO unjustified in determining Nil-ALP for SDT citing reliable data unavailability; Remits issue

Apr 17, 2020
  • In Favour of Assessee
  • Citation Number : TS-267-ITAT-2020(DEL)-TP
  • Tax Payer : NYMPHEA DEVELOPERS PVT LTD
Income tax Appellate Tribunal

ITAT: Deletes intra-group services TP-adjustment rejecting Nil-ALP; Follows Johnson & Johnson

Apr 16, 2020
  • In Favour of Assessee
  • Citation Number : TS-266-ITAT-2020(Mum)-TP
  • Tax Payer : Millward Brown Market Research Services India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes outstanding receivables TP-adjustment; Follows Kusum Healthcare HC ruling

Apr 16, 2020
  • In Favour of Assessee
  • Citation Number : TS-265-ITAT-2020(DEL)-TP
  • Tax Payer : Corbus (India) Pvt Ltd (Now Corbus (India) LLP)
High Court

HC:Confirms ITAT’s exclusion of 11 comparables in software development, sales support segments

Apr 16, 2020
  • In Favour of Assessee
  • Citation Number : TS-264-HC-2020(P & H)-TP
  • Tax Payer : Comverse Network Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Confirms CIT(A)’s Sec 271G penalty deletion for diamond merchant; Relies on earlier order

Apr 14, 2020
  • In Favour of Assessee
  • Citation Number : TS-263-ITAT-2020(Mum)-TP
  • Tax Payer : Amore Jewels Private Ltd
High Court

HC: Upholds ITAT’s rejection of CUP as MAM for royalty & product-development fee

Apr 14, 2020
  • In Favour of Assessee
  • Citation Number : TS-262-HC-2020(P & H)-TP
  • Tax Payer : Nissin Brake India Pvt Ltd
High Court

HC:Dismisses Revenue’s appeal; Upholds ITAT’s comparables selection in software development, sales-support segments

Apr 14, 2020
  • In Favour of Assessee
  • Citation Number : TS-261-HC-2020(P & H)-TP
  • Tax Payer : Comverse Network Systems India Pvt Ltd
High Court

HC: Admits Revenue’s appeal w.r.t MAM-selection for royalty, TP-adjustment restriction to international transactions

Apr 09, 2020
  • In Favour of Revenue
  • Citation Number : TS-260-HC-2020(GUJ)-TP
  • Tax Payer : FAG Bearings India Ltd
High Court

HC: Admits Revenue’s appeal against ITAT-order deleting corporate guarantee and AE-loan TP-adjustments

Apr 09, 2020
  • In Favour of Assessee
  • Citation Number : TS-258-HC-2020(GUJ)-TP
  • Tax Payer : Torrent Pharmaceuticals Ltd
Income tax Appellate Tribunal

ITAT: Assessee to demonstrate impact of merger, if falls in earlier-AY; Remits ICRA comparability

Mar 26, 2020
  • In Favour of Assessee
  • Citation Number : TS-257-ITAT-2020(Bang)-TP
  • Tax Payer : Mirco Focus Software India Private Limited [formerly known as Novell Software Development (India) Private Limited]
Income tax Appellate Tribunal

ITAT: Excludes comparables providing high-end engineering designing services, KPOs for ITeS-provider

Mar 26, 2020
  • In Favour of Assessee
  • Citation Number : TS-256-ITAT-2020(Bang)-TP
  • Tax Payer : ISG Novasoft Technologies Ltd
Income tax Appellate Tribunal

ITAT:Insists on uniform practice for operating cost computation; Remits margin computation of IDC

Mar 25, 2020
  • In Favour of Assessee
  • Citation Number : TS-255-ITAT-2020(Bang)-TP
  • Tax Payer : Citrix Systems India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 14 comparables for back-end software service provider; Follows precedents

Mar 25, 2020
  • In Favour of Assessee
  • Citation Number : TS-254-ITAT-2020(DEL)-TP
  • Tax Payer : Infogain India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 11, remits 1 in software development segment; Follows Meritor LVS ruling

Mar 25, 2020
  • In Favour of Assessee
  • Citation Number : TS-253-ITAT-2020(Bang)-TP
  • Tax Payer : Tektronix (India) Pvt Ltd (formerly known as Tektronix Engineering Development (India) Pvt. Ltd.,)
Income tax Appellate Tribunal

ITAT: Rules on comparables for software development, ITeS provider characterised as low-risk contract-service provider

Mar 24, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-252-ITAT-2020(Bang)-TP
  • Tax Payer : Netapp India Pvt Ltd (formerly Network Appliance Systems (India) Pvt. Ltd.,)
Income tax Appellate Tribunal

ITAT: Remits comparability of Sasken Communication; Directs TPO to re-compute margin

Mar 24, 2020
  • In Favour of Assessee
  • Citation Number : TS-251-ITAT-2020(Bang)-TP
  • Tax Payer : Hewlett-Packard (India) Software Operation Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits MAP-agreed margin applicability to transactions with non-MAP entities; Follows Oracle Solutions

Mar 24, 2020
  • In Favour of Assessee
  • Citation Number : TS-250-ITAT-2020(Bang)-TP
  • Tax Payer : Textron India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables for captive software developer; Cites high turnover, segmental details unavailability

Mar 24, 2020
  • In Favour of Assessee
  • Citation Number : TS-249-ITAT-2020(Bang)-TP
  • Tax Payer : LSI India Research & Development Pvt Ltd (erstwhile Broadcom Communications Technologies Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Excludes comparable for freight forwarding service provider, citing functional dissimilarity

Mar 24, 2020
  • In Favour of Assessee
  • Citation Number : TS-248-ITAT-2020(Kol)-TP
  • Tax Payer : TKM Global Logistics Ltd