Rulings ( 11951 results )

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Foreign Court

FC: Italian Court accepts taxpayer's pricing, profit margin for intra-group supplies; Rejects Revenue's comparables under TNMM

  • In Favour of Assessee
  • Citation Number : TS-755-FC-2020(ITL)-TP
  • Tax Payer : BISrl
Income tax Appellate Tribunal

ITAT: Accepts GP/sales as PLI for software consultancy services; Fixes 0.5 p.a as ALP for various guarantees

  • In Favour of Assessee
  • Citation Number : TS-601-ITAT-2020(Mum)-TP
  • Tax Payer : Tata Consultancy Services Ltd
Income tax Appellate Tribunal

ITAT: Prefers TNMM over CUP for indenting-transactions, adopts Berry ratio as PLI; Follows earlier-orders

  • In Favour of Assessee
  • Citation Number : TS-600-ITAT-2020(DEL)-TP
  • Tax Payer : Sumitomo Corporation India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 functionally dissimilar and abnormal profit making comparables for ITeS-provider

  • In Favour of Assessee
  • Citation Number : TS-599-ITAT-2020(Mum)-TP
  • Tax Payer : Deutche CIB Centre Private Limited
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s appeal, confirms exclusion of functionally dissimilar comparables for ITeS-provider

  • In Favour of Assessee
  • Citation Number : TS-598-ITAT-2020(DEL)-TP
  • Tax Payer : Convergys India Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes Persistent Systems, Sasken citing high turnover, intangibles for software developer

  • In Favour of Assessee
  • Citation Number : TS-597-ITAT-2020(HYD)-TP
  • Tax Payer : Syniverse Technologies Service (India) Pvt Ltd (Formerly known as Syniverse Mobile Solutions Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT:Quashes assessment-order sans draft-order passed pursuant to remand by ITAT; Directs grant of opportunity

  • In Favour of Both, Partially
  • Citation Number : TS-596-ITAT-2020(HYD)-TP
  • Tax Payer : Hyundai Motor India Engineering Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables applying Rs.200 crores turnover-filter for software, ITeS segments; Follows Autodesk-ruling

  • In Favour of Assessee
  • Citation Number : TS-595-ITAT-2020(Bang)-TP
  • Tax Payer : Aptean India Pvt. Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on commission; Assessee’s transaction with AE “negotiation services”, not “deemed AE-purchases”

  • In Favour of Assessee
  • Citation Number : TS-594-ITAT-2020(Ahd)-TP
  • Tax Payer : Gujarat Gas Trading Company Ltd
High Court

HC: Disposes Revenue’s appeal against ITAT’s order on turnover, RPT filters citing MAP-resolution

  • In Favour of Assessee
  • Citation Number : TS-593-HC-2020(KAR)-TP
  • Tax Payer : Yahoo Software Development India Pvt Ltd
High Court

HC: Writ seeking 'appeal effect order' implementation, poor reflection on Dept.’s functioning; Directs execution

  • In Favour of Assessee
  • Citation Number : TS-592-HC-2020(DEL)-TP
  • Tax Payer : Agilent Technologies India Pvt Ltd
Foreign Court

FC: Danish shoe manufacturer?s TP-documentation sufficient to assess ALP; Rejects AE-purchases at non-ALP allegation

  • In Favour of Assessee
  • Citation Number : TS-754-FC-2020-TP
  • Tax Payer : A Shoe Manufacturer
Income tax Appellate Tribunal

ITAT: Excludes 10, Includes 3 as comparables for software-development service provider; Follows LG Soft India ruling

  • In Favour of Both, Partially
  • Citation Number : TS-590-ITAT-2020(Bang)-TP
  • Tax Payer : Synamedia India Pvt Ltd (Earlier known as M/s. Cisco Video Technologies India Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Excludes comparable as ‘persistent loss making’ after exclusion of bad-debts written off

  • In Favour of Both, Partially
  • Citation Number : TS-589-ITAT-2020(Mum)-TP
  • Tax Payer : GCO Technologies Centre Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables citing high turnover; Treats provision for doubtful debts as operating

  • In Favour of Assessee
  • Citation Number : TS-588-ITAT-2020(Bang)-TP
  • Tax Payer : Maxim India Integrated Circuit Design Pvt Ltd
Income tax Appellate Tribunal

ITAT: Demand-notice issued with draft-order ‘legal nullity’, can’t vitiate assessment proceedings; Rejects Himalaya’s plea

  • In Favour of Both, Partially
  • Citation Number : TS-587-ITAT-2020(Bang)-TP
  • Tax Payer : The Himalaya Drug Company
Income tax Appellate Tribunal

ITAT: Rules on comparables; Rejects DRP’s suo-moto filter application after conclusion of TP-analysis by TPO

  • In Favour of Both, Partially
  • Citation Number : TS-586-ITAT-2020(Bang)-TP
  • Tax Payer : LSI India Research & Development Pvt Ltd (earlier known as M/s Broadcom Communications Tech Pvt. Ltd.,)
Income tax Appellate Tribunal

ITAT: Excludes/Includes comparables for ITeS/BPO services provider; Treats FOREX gain/loss as operating

  • In Favour of Both, Partially
  • Citation Number : TS-585-ITAT-2020(DEL)-TP
  • Tax Payer : Smart Analyst India Pvt Ltd
Foreign Court

FC: EU freedom of establishment doesn't preclude Romanian TP rules application on transaction with Italian-HO

  • In Favour of None/NA
  • Citation Number : TS-753-FC-2020(EUR)-TP
  • Tax Payer : Impresa Pizzarotti & C SPA Italia Sucursala Cluj
Foreign Court

FC: Polish Court lays down conditions that entitle Tax Authorities to estimate income under TP provisions (65)

  • In Favour of None/NA
  • Citation Number : TS-752-FC-2020-TP
  • Tax Payer : [X]