Rulings ( 11951 results )

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Income tax Appellate Tribunal

ITAT: Substantial Revenue locked in sundry debtors justifies TPO s grant of working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-621-ITAT-2020(DEL)-TP
  • Tax Payer : Transcend MT Services Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes penalty levied basis TP-adjustment absent specific charge mention in notice u/s.274

  • In Favour of Assessee
  • Citation Number : TS-619-ITAT-2020(DEL)-TP
  • Tax Payer : Chegg India (P) Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables, remits treatment of provision for doubtful-debts and notional interest

  • In Favour of Both, Partially
  • Citation Number : TS-618-ITAT-2020(Bang)-TP
  • Tax Payer : Blue Coat Network (India) Private Limited
Income tax Appellate Tribunal

ITAT: TP-adjustment on fixed-asset purchase impacts actual cost for purpose of depreciation claim

  • In Favour of Assessee
  • Citation Number : TS-617-ITAT-2020(DEL)-TP
  • Tax Payer : Roki Minda Co Pvt Ltd
High Court

HC:Dismisses writ petition as withdrawn considering assessee s statutory appeal filing plea

  • In Favour of Assessee
  • Citation Number : TS-616-HC-2020(MAD)-TP
  • Tax Payer : Virtusa Consulting Services Private Limited
High Court

HC:Directs ITAT to adjudicate on MAM for assessee s exports; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-615-HC-2020(MAD)-TP
  • Tax Payer : Madura Coats Private Ltd
Income tax Appellate Tribunal

ITAT: Holds assessee eligible for Sec.10AA deduction on voluntary TP-adjustment; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-614-ITAT-2020(Bang)-TP
  • Tax Payer : EYGBS (India) LLP (Earlier known as EYGBS (India) Pvt.Ltd.)
Income tax Appellate Tribunal

ITAT:Excludes 12 comparables for Software-development, Marketing-Support Services segments, follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-613-ITAT-2020(Bang)-TP
  • Tax Payer : Alcon Laboratories (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Allows assessee’s M.A.; Restricts TP-adjustment on assessee’s distribution activity to international transactions with AEs

  • In Favour of Assessee
  • Citation Number : TS-612-ITAT-2020(HYD)-TP
  • Tax Payer : Commvault Systems India (P) Ltd
Foreign Court

FC: US Tax Court partly upholds IRS?s Royalty-adjustment in respect of Coca-Cola?s intangible properties

  • In Favour of Both, Partially
  • Citation Number : TS-756-FC-2020-TP
  • Tax Payer : Coca-Cola Company
Income tax Appellate Tribunal

ITAT: TP-adjustment on outstanding AE-receivables amounts to ‘double addition’ when working-capital adjustment provided

  • In Favour of Both, Partially
  • Citation Number : TS-611-ITAT-2020(DEL)-TP
  • Tax Payer : Bertelsmann Marketing Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Permits assessee to withdraw appeal on TP-grounds considering contemplation to settle dispute under VsVS

  • In Favour of Assessee
  • Citation Number : TS-610-ITAT-2020(DEL)-TP
  • Tax Payer : NTT DATA Global Delivery Services Pvt Ltd [Formerly known as Keane India Ltd. Unitech Trade Centre]
Income tax Appellate Tribunal

ITAT:Upholds interest imputation on deferred AE-receivables despite trading transaction at ALP

  • In Favour of Assessee
  • Citation Number : TS-609-ITAT-2020(HYD)-TP
  • Tax Payer : OSI Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: 'TPO’ u/s. 92CA includes JCIT & Addl. commissioner; Upholds validity of TP-order

  • In Favour of Assessee
  • Citation Number : TS-608-ITAT-2020(DEL)-TP
  • Tax Payer : Transcend MT Services Pvt Ltd (formerly known as Heartland Information and Consultancy Services Pvt Ltd)
Income tax Appellate Tribunal

ITAT:Excludes 13 comparables and includes 1 for ITeS and software-development services segment; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-607-ITAT-2020(DEL)-TP
  • Tax Payer : Steria India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds RIL’s inter-unit power transfer rate u/s. 80-IA(8) acceptable for purpose of domestic-TP regimen

  • In Favour of Assessee
  • Citation Number : TS-606-ITAT-2020(Mum)-TP
  • Tax Payer : Reliance Industries Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment w.r.t field services not covered under India-USA MAP-proceedings; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-605-ITAT-2020(Mum)-TP
  • Tax Payer : Dresser Rand India Private Limited
Income tax Appellate Tribunal

ITAT:Holds RPM as MAM for telecom equipment trader providing no value addition; Rejects Revenue’s TNMM

  • In Favour of Assessee
  • Citation Number : TS-604-ITAT-2020(Mum)-TP
  • Tax Payer : RFS INDIA TELECOM PVT LTD
Income tax Appellate Tribunal

ITAT: Annuls assessment-order passed on non-existent merged entity; Follows Maruti Suzuki SC ruling

  • In Favour of Assessee
  • Citation Number : TS-603-ITAT-2020(Bang)-TP
  • Tax Payer : Blue Yonder India Private Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on AE-receivables considering uniform practice of interest non-charging, follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-602-ITAT-2020(DEL)-TP
  • Tax Payer : Barco Electronic Systems (P) Ltd