Rulings ( 11951 results )

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Foreign Court

FC: Australian Federal Court confirms TP-adjustment deletion on Glencore?s copper-concentrate supply; Rejects ATO's OECD-reliance

  • In Favour of Assessee
  • Citation Number : TS-757-FC-2020-TP
  • Tax Payer : Glencore Investment Pty Ltd
High Court

HC: Final fact finding body to give reasons for MAM-selection; Remits ITAT's cryptic-order

  • In Favour of Assessee
  • Citation Number : TS-642-HC-2020(MAD)-TP
  • Tax Payer : Socomec Innovative Power Solutions Pvt Ltd
Supreme Court

SC:State's 'Administrative lethargy' in notifying Electricity duty rebate violates 'doctrine of promissory estoppel'

  • In Favour of Assessee
  • Citation Number : TS-641-SC-2020-TP
  • Tax Payer : Brahmputra Metallics Ltd, Ranchi and Anr
Income tax Appellate Tribunal

ITAT: Permits appeal withdrawal on TP-grounds considering contemplation to settle dispute under VsVS and MAP-resolution

  • In Favour of Assessee
  • Citation Number : TS-638-ITAT-2020(DEL)-TP
  • Tax Payer : NTT DATA Global Delivery Services Private
Income tax Appellate Tribunal

ITAT: Interest on AE-receivables subsumed in working capital adjustment; Deletes TP-adjustment following precedents

  • In Favour of Assessee
  • Citation Number : TS-637-ITAT-2020(HYD)-TP
  • Tax Payer : Hexagon Capability Center India Private Limited
Income tax Appellate Tribunal

ITAT: Adopts CUP for ITeS rejecting TPO s TNMM; Modification in agreement irrelevant for MAM-selection

  • In Favour of Assessee
  • Citation Number : TS-636-ITAT-2020(HYD)-TP
  • Tax Payer : iMedX Information Services Private Limited
Income tax Appellate Tribunal

ITAT: Directs AO to not impute interest to outstanding-receivables, applies rule of consistency

  • In Favour of Assessee
  • Citation Number : TS-635-ITAT-2020(DEL)-TP
  • Tax Payer : Boeing India Pvt Ltd (erstwhile known as Boeing International Corp. India Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT:Rejects income-attribution considering no DAPE and commission payments at ALP for NR-assessee

  • In Favour of Assessee
  • Citation Number : TS-634-ITAT-2020(DEL)-TP
  • Tax Payer : Mitsui & Co Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on testing, warranty, service charges; Rules on comparables

  • In Favour of Assessee
  • Citation Number : TS-633-ITAT-2020(DEL)-TP
  • Tax Payer : Marathon Electric India Pvt Ltd
Income tax Appellate Tribunal

ITAT: DRP s directions binding on AO, substitutes AO s PLI-computation with that of DRP s

  • In Favour of Assessee
  • Citation Number : TS-632-ITAT-2020(PUN)-TP
  • Tax Payer : Netscout Systems India Private Limited
Income tax Appellate Tribunal

ITAT:Directs assessee to satisfy benefit, rendition tests of intra-group services, Remits Issue for determination of ALP

  • In Favour of Assessee
  • Citation Number : TS-631-ITAT-2020(Bang)-TP
  • Tax Payer : Waters (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs TPO to determine ALP of intra-group services; Assessee to satisfy rendition, benefit tests

  • In Favour of Assessee
  • Citation Number : TS-630-ITAT-2020(Bang)-TP
  • Tax Payer : Disa India Ltd
Income tax Appellate Tribunal

ITAT: CCDs can't be recharacterized as equity; Remits ALP-determination of capitalised interest following CAE-Flight ruling

  • In Favour of Assessee
  • Citation Number : TS-629-ITAT-2020(Bang)-TP
  • Tax Payer : Embassy One Developers Pvt Ltd
Income tax Appellate Tribunal

ITAT: Comparable cannot be rejected merely on different-FY ground, remits issue; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-628-ITAT-2020(DEL)-TP
  • Tax Payer : Transcend India Pvt Ltd (formerly known as Spryance (India) Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT:Quashes AO s order giving effect to Tribunal-order passed sans draft-order; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-627-ITAT-2020(Bang)-TP
  • Tax Payer : Inteva Products India Automotive Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 and includes 8 comparables, grants working-capital adjustment for Software-Developer; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-626-ITAT-2020(Bang)-TP
  • Tax Payer : ARM Embedded Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes Infosys Technologies, Wipro Ltd, Persistent Systems citing huge turnover, brand value etc

  • In Favour of Assessee
  • Citation Number : TS-625-ITAT-2020(DEL)-TP
  • Tax Payer : Orange Business Services India Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT:Accepts assessee s internal-CUP over TPO s TNMM for benchmarking purchase/sale transactions; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-624-ITAT-2020(VIZ)-TP
  • Tax Payer : Teejay India Pvt Ltd (Formerly known as Ocean India Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Remits TP-adjustments in respect of purchase of fixed assets owing to insufficient evidences

  • In Favour of Assessee
  • Citation Number : TS-623-ITAT-2020(DEL)-TP
  • Tax Payer : Denso India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Directs adoption of ALP for management fees as determined under APA for subsequent years

  • In Favour of Assessee
  • Citation Number : TS-622-ITAT-2020(Kol)-TP
  • Tax Payer : Cookson India Pvt Ltd