Rulings ( 11951 results )

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Foreign Court

FC: UK Tribunal: Blackrock’s inter-co loan on arm’s length terms, prefers OECD’s “separate entity” approach

  • In Favour of Assessee
  • Citation Number : TS-758-FC-2020(UK)-TP
  • Tax Payer : Blackrock Holdco LLC
Income tax Appellate Tribunal

ITAT: Remits ALP-determination of management group cost to TPO; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-663-ITAT-2020(DEL)-TP
  • Tax Payer : Atotech India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-issues considering remand in earlier years and issue pending before lower authorities

  • In Favour of Assessee
  • Citation Number : TS-662-ITAT-2020(Bang)-TP
  • Tax Payer : Wipro GE Healthcare Pvt Ltd
High Court

HC: Remits AMP adjustment issue for verification of international transaction existence and ALP-determination

  • In Favour of Both, Partially
  • Citation Number : TS-661-HC-2020(DEL)-TP
  • Tax Payer : YUM RESTAURANTS INDIA PVT LTD
Income tax Appellate Tribunal

ITAT: Dismisses Revenue s appeal, upholds DRP s rejection of BLT in benchmarking AMP functions

  • In Favour of Assessee
  • Citation Number : TS-659-ITAT-2020(DEL)-TP
  • Tax Payer : Sharp Business Systems (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Considers cost of expats providing warranty/after-sale services for PLI-computation under RPM

  • In Favour of Revenue
  • Citation Number : TS-658-ITAT-2020(DEL)-TP
  • Tax Payer : Toyoda Micromatic Machinery India Private Limited
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)-order quashing final assessment order passed without draft order; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-657-ITAT-2020(Bang)-TP
  • Tax Payer : Tally Solutions Pvt Ltd
High Court

HC: Share-transfer to subsidiary for corporate restructuring, absent voluntariness, not gift; Upholds capital gains tax

  • In Favour of Revenue
  • Citation Number : TS-656-HC-2020(MAD)-TP
  • Tax Payer : Redington (India) Limited
Income tax Appellate Tribunal

ITAT: Rejects TPO s treatment of OCD/CCD issue as shareholder activity ; Discards GAAR/Thin-capitalization reliance

  • In Favour of Both, Partially
  • Citation Number : TS-655-ITAT-2020(PUN)-TP
  • Tax Payer : Kolte Patil Developers Ltd (erstwhile Bellflower Properties Pvt Ltd merged with Kolte Patil Developers Ltd)
Income tax Appellate Tribunal

ITAT: Grants demand-stay to Sony as impugned AMP-adjustment issue being considered in earlier-AYs

  • In Favour of Assessee
  • Citation Number : TS-654-ITAT-2020(DEL)-TP
  • Tax Payer : Sony India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes AMP & Royalty adjustments for Himalaya; Adopts TNMM for exports, relies on precedents

  • In Favour of Assessee
  • Citation Number : TS-653-ITAT-2020(Bang)-TP
  • Tax Payer : The Himalaya Drug Company
Income tax Appellate Tribunal

ITAT: Excludes comparables with high-brand value for BPO-service provider; Treats Forex as operating item

  • In Favour of Assessee
  • Citation Number : TS-652-ITAT-2020(Bang)-TP
  • Tax Payer : Global e-Business Operations Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects Govt. companies as comparables; Deletes interest-adjustment on outstanding AE-receivables

  • In Favour of Assessee
  • Citation Number : TS-651-ITAT-2020(DEL)-TP
  • Tax Payer : FieldCore Service Solutions International India Pvt Ltd (Erstwhile known as Granite Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Rules on comparables for engineering-design services segment, includes comparables suo-moto rejected by DRP

  • In Favour of Both, Partially
  • Citation Number : TS-650-ITAT-2020(Bang)-TP
  • Tax Payer : GE BE Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables citing high turnover, functional dissimilarity, extraordinary events for ITES-provider

  • In Favour of Assessee
  • Citation Number : TS-649-ITAT-2020(Bang)-TP
  • Tax Payer : Outsource Partners International Pvt Ltd
Income tax Appellate Tribunal

ITAT: Restricts TP-adjustment on AE-loan to higher of LIBOR and assessee s rate of interest

  • In Favour of Assessee
  • Citation Number : TS-648-ITAT-2020(Bang)-TP
  • Tax Payer : Trianz Holdings Pvt Ltd
Income tax Appellate Tribunal

ITAT:Allows assessee s MP; Rectifies mistakes w.r.t comparables selection and excludes Sasken Communication

  • In Favour of Assessee
  • Citation Number : TS-646-ITAT-2020(Bang)-TP
  • Tax Payer : CGI Information Systems and Management Consultants Pvt Ltd (Successor-in-interest to Logica Pvt. Ltd.,)
Income tax Appellate Tribunal

ITAT: Delay in realization of AE-receivable beyond credit-period, indirect funding to AE, upholds TP-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-645-ITAT-2020(HYD)-TP
  • Tax Payer : Albany Molecular Research Hyderabad Research Center Private Limited
Income tax Appellate Tribunal

ITAT: Remits selection of tested party, stresses on simplicity of functional profile

  • In Favour of Assessee
  • Citation Number : TS-644-ITAT-2020(DEL)-TP
  • Tax Payer : Minda Furukawa Electric Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts RPM over TNMM as MAM for AE-purchases; Upholds interest-imputation on outstanding AE-receivables

  • In Favour of Both, Partially
  • Citation Number : TS-643-ITAT-2020(Mum)-TP
  • Tax Payer : Commvault Systems (India) Pvt Ltd