Rulings ( 11528 results )

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Income tax Appellate Tribunal

ITAT: Remits ALP-determination for marketing commission paid to AE; Follows earlier-order

Mar 09, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-182-ITAT-2020(Bang)-TP
  • Tax Payer : KMF Infotech Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables for ITeS-provider; Cites sales turnover filter failure, extraordinary events, intangibles ownership

Mar 09, 2020
  • In Favour of Assessee
  • Citation Number : TS-181-ITAT-2020(Bang)-TP
  • Tax Payer : AON Specialist Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-determination of payments made to AE under cost allocation agreement

Mar 09, 2020
  • In Favour of Assessee
  • Citation Number : TS-180-ITAT-2020(PUN)-TP
  • Tax Payer : Bekaert Mukand Wire Industries Private Limited
High Court

HC: Allows writ against Sec 144C non-compliance post ITAT-remand; Rejects Revenue's alternate remedy refuge

Mar 09, 2020
  • In Favour of Assessee
  • Citation Number : TS-179-HC-2020(KAR)-TP
  • Tax Payer : Wipro GE Healthcare Pvt Ltd
Income tax Appellate Tribunal

ITAT: Product similarity irrelevant under TNMM; Accepts internal-TNMM for benchmarking AE-sales

Mar 06, 2020
  • In Favour of Assessee
  • Citation Number : TS-178-ITAT-2020(Mum)-TP
  • Tax Payer : Isagro (Asia) Agrochemicals Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits ALP-determination considering AO's failure to make mandatory TPO-reference as per CBDT Instruction

Mar 06, 2020
  • In Favour of Assessee
  • Citation Number : TS-177-ITAT-2020(Bang)-TP
  • Tax Payer : Norwich Clinical Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 2 comparables with huge turnover; Follows Pentair Water India HC-ruling

Mar 06, 2020
  • In Favour of Assessee
  • Citation Number : TS-176-ITAT-2020(PUN)-TP
  • Tax Payer : MAN Energy Solutions India Private Limited
Income tax Appellate Tribunal

ITAT:Excludes Eclerx, Accentia rendering KPO services for carpet designing services-provider

Mar 06, 2020
  • In Favour of Assessee
  • Citation Number : TS-175-ITAT-2020(PUN)-TP
  • Tax Payer : Brintons Carpets Asia Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes sec.271AA, 271BA penalty absent AE-relationship, existence of international transactions; Follows ruling in own-case

Mar 06, 2020
  • In Favour of Assessee
  • Citation Number : TS-173-ITAT-2020(Mum)-TP
  • Tax Payer : Kaybee Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment absent AE-relationship; Follows ruling in own-case rejecting Sec.92A application

Mar 06, 2020
  • In Favour of Assessee
  • Citation Number : TS-172-ITAT-2020(Mum)-TP
  • Tax Payer : Kaybee Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds ALP-determination of 'international transaction’ incorrectly reported as ‘SDT' ; Rejects invalid TPO-reference plea

Mar 05, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-171-ITAT-2020(PUN)-TP
  • Tax Payer : Extentia Information Technology Pvt Ltd
Income tax Appellate Tribunal

ITAT: Draft assessment order not required absent variation in returned income pre-2020 amendment

Mar 05, 2020
  • In Favour of Assessee
  • Citation Number : TS-170-ITAT-2020(Mum)-TP
  • Tax Payer : IPF India Property Cyprus (No.1) Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment on AE-loan; Fixes corporate guarantee ALP at 0.5

Mar 04, 2020
  • In Favour of Assessee
  • Citation Number : TS-169-ITAT-2020(Mum)-TP
  • Tax Payer : Godrej Consumer Products Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s deletion of TP-adjustment on royalty payment; Follows earlier order

Mar 04, 2020
  • In Favour of Assessee
  • Citation Number : TS-168-ITAT-2020(Ahd)-TP
  • Tax Payer : Johnson Controls-Hitachi Air Conditioning India Limited [Formerly Known as Hitachi Home & Life Solutions (India) Ltd.]
Income tax Appellate Tribunal

ITAT: Deletes outstanding AE-receivables TP-adjustment since working capital adjustment allowed; Follows earlier-order

Mar 04, 2020
  • In Favour of Assessee
  • Citation Number : TS-167-ITAT-2020(DEL)-TP
  • Tax Payer : Orange Business Services India Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables for software developer/ITES provider; Cites functional dissimilarity, diverse activities

Mar 04, 2020
  • In Favour of Assessee
  • Citation Number : TS-166-ITAT-2020(Bang)-TP
  • Tax Payer : Software Paradigms Infotech Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses software-developer’s appeal on TP-issues as withdrawn in view of APA resolution

Mar 04, 2020
  • In Favour of Assessee
  • Citation Number : TS-165-ITAT-2020(Bang)-TP
  • Tax Payer : JDA Software Private Ltd
Income tax Appellate Tribunal

ITAT:Quashes final assessment order passed sans draft-order in remand proceedings; Follows precedents

Mar 04, 2020
  • In Favour of Assessee
  • Citation Number : TS-164-ITAT-2020(PUN)-TP
  • Tax Payer : AB Sandvik Coromant
Income tax Appellate Tribunal

ITAT: Remits ALP-determination of corporate service fees; Directs consideration of additional evidence

Mar 04, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-163-ITAT-2020(CHNY)-TP
  • Tax Payer : Poclain Hydraulics Pvt Ltd
Supreme Court

SC: Dismisses Revenue's SLP on ‘delayed AE-receivables’ issue for Kusum Healthcare citing low-tax effect

Mar 03, 2020
  • In Favour of Assessee
  • Citation Number : TS-162-SC-2020-TP
  • Tax Payer : Kusum Healthcare Pvt Ltd