Rulings ( 11528 results )

Filters
Income tax Appellate Tribunal

ITAT: Confirms TP-adjustment deletion considering TPO’s failure to correct computational errors as earlier directed

Mar 13, 2020
  • In Favour of Assessee
  • Citation Number : TS-201-ITAT-2020(Ahd)-TP
  • Tax Payer : Collwell and Salmon Communication (India) Ltd
Foreign Court

FC: Swedish Tax Agency characterizes Puma as limited risk distributor, upholds TP-adjustment; Follows OECD-Guidelines

Mar 12, 2020
  • In Favour of Revenue
  • Citation Number : TS-1259-FC-2019(SWD)-TP
  • Tax Payer : Puma Nordiac AB
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on salary-reimbursement of seconded employees absent comparability-analysis under Chapter X

Mar 12, 2020
  • In Favour of Assessee
  • Citation Number : TS-200-ITAT-2020(Mum)-TP
  • Tax Payer : General Motors Overseas Corporation
Income tax Appellate Tribunal

ITAT: Adopts HO’s transaction with third party as CUP; Deletes TP-adjustment following precedent

Mar 12, 2020
  • In Favour of Assessee
  • Citation Number : TS-199-ITAT-2020(Ahd)-TP
  • Tax Payer : Shandong Tiejun Electric Power Engineering Company Ltd
Income tax Appellate Tribunal

ITAT: Excludes 2 comparables citing functional dissimilarity, high turnover for software developer

Mar 12, 2020
  • In Favour of Assessee
  • Citation Number : TS-198-ITAT-2020(PUN)-TP
  • Tax Payer : Capgemini Technology Services India Limited (Earlier known as iGATE Global Solutions Ltd.)
Income tax Appellate Tribunal

ITAT:Deletes management fees TP-adjustment considering assessee’s suo-moto addition incorporating it in import transaction

Mar 12, 2020
  • In Favour of Assessee
  • Citation Number : TS-197-ITAT-2020(PUN)-TP
  • Tax Payer : Walter Tools India Private Limited
Income tax Appellate Tribunal

ITAT:DRP-proceedings cannot be equalized with appeal pendency; Quashes TPO-reference citing Instruction 3/2016 contravention

Mar 12, 2020
  • In Favour of Assessee
  • Citation Number : TS-196-ITAT-2020(PUN)-TP
  • Tax Payer : Sava Healthcare Limited
Income tax Appellate Tribunal

ITAT:Dismisses assessee, Revenue’s appeal considering resolution under India-US MAP

Mar 11, 2020
  • In Favour of Assessee
  • Citation Number : TS-195-ITAT-2020(DEL)-TP
  • Tax Payer : CH2M Hill (Pvt.) Ltd
Income tax Appellate Tribunal

ITAT: Deletes Sec. 271(1)(c)-penalty; Holds TP-adjustment on interest free AE-loans, 'debatable' issue

Mar 11, 2020
  • In Favour of Assessee
  • Citation Number : TS-194-ITAT-2020(Mum)-TP
  • Tax Payer : Reliance Industries Ltd
Income tax Appellate Tribunal

ITAT: Adopts LIBOR over PLR for benchmarking delayed payments from non-resident to assessee

Mar 11, 2020
  • In Favour of Assessee
  • Citation Number : TS-193-ITAT-2020(CHNY)-TP
  • Tax Payer : Verizon Data Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on salary reimbursement of seconded employees considering TPO’s adhoc mark-up

Mar 11, 2020
  • In Favour of Assessee
  • Citation Number : TS-192-ITAT-2020(Mum)-TP
  • Tax Payer : GlaxoSmithKline Pharmaceuticals Limited
Income tax Appellate Tribunal

ITAT: Allows working-capital adjustment; Rejects Revenue’s ‘unavailability of daily data’ stand, follows E-Valueserve ruling

Mar 11, 2020
  • In Favour of Assessee
  • Citation Number : TS-191-ITAT-2020(Bang)-TP
  • Tax Payer : Yahoo Software Development India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Negative lien provision cannot be equated with guarantee; Fixes ALP at 0.25%

Mar 11, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-190-ITAT-2020(Mum)-TP
  • Tax Payer : Essar Shipping Ltd
Income tax Appellate Tribunal

ITAT:Denies aggregation of loans from 2 entities for determining AE-relationship; Form 3CEB-disclosure irrelevant

Mar 10, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-189-ITAT-2020(Mum)-TP
  • Tax Payer : Soveresign Safeship Management Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adopts RPM for benchmarking transactions in trading segment, deletes AMP-adjustment; Follows precedents

Mar 10, 2020
  • In Favour of Assessee
  • Citation Number : TS-188-ITAT-2020(Bang)-TP
  • Tax Payer : Acer India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for software-developer; Permits assessee to contest comparables included in TP-study

Mar 10, 2020
  • In Favour of Assessee
  • Citation Number : TS-187-ITAT-2020(Bang)-TP
  • Tax Payer : Sterling Commerce Solutions India Private Ltd (Successor in interest to Curam Software International Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Excludes 6 comparables for software developer citing functional dissimilarity, upper turnover filter failure

Mar 10, 2020
  • In Favour of Assessee
  • Citation Number : TS-186-ITAT-2020(Bang)-TP
  • Tax Payer : Infineon Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Admits assessee’s additional evidence; Remits TP-adjustment on raw material purchases

Mar 10, 2020
  • In Favour of Assessee
  • Citation Number : TS-185-ITAT-2020(Mum)-TP
  • Tax Payer : Amcol Minerals And Materials India Pvt Ltd
Income tax Appellate Tribunal

ITAT: AMP-expense not international transaction if trading-segment margins at ALP; Remands for verification

Mar 09, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-184-ITAT-2020(Bang)-TP
  • Tax Payer : Lenovo India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-issue considering AO/TPO’s erroneous understanding of assessee’s business model

Mar 09, 2020
  • In Favour of Assessee
  • Citation Number : TS-183-ITAT-2020(Bang)-TP
  • Tax Payer : Trainz Holdings Pvt Ltd