Rulings ( 11951 results )

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Income tax Appellate Tribunal

ITAT: Excludes persistent loss making and abnormal profit making companies for software developer

  • In Favour of Assessee
  • Citation Number : TS-564-ITAT-2020(HYD)-TP
  • Tax Payer : Infor (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Prefers data in audited financial statements over that in prowess database for PLI-computation

  • In Favour of Both, Partially
  • Citation Number : TS-563-ITAT-2020(Mum)-TP
  • Tax Payer : Basell Polyolefins India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s MA against admission of additional ground and relief granted on ESOP expenditure

  • In Favour of Assessee
  • Citation Number : TS-562-ITAT-2020(Bang)-TP
  • Tax Payer : Microchip Technologies (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 9 comparables for software developer citing high turnover, functional dissimilarity

  • In Favour of Assessee
  • Citation Number : TS-561-ITAT-2020(Bang)-TP
  • Tax Payer : Mindtree Limited (Previously known as M/s. Aztecsoft Limited now merged with M/s. Mindtree Limited)
Income tax Appellate Tribunal

ITAT: DRP can’t suo-moto exclude comparables agreed for inclusion by both assessee and TPO

  • In Favour of Assessee
  • Citation Number : TS-560-ITAT-2020(Bang)-TP
  • Tax Payer : LSI India Research & Development India Private Limited
Income tax Appellate Tribunal

ITAT: Confirms TNMM over assessee’s RPM for imports of raw materials subsequently processed/packaged

  • In Favour of Revenue
  • Citation Number : TS-559-ITAT-2020(DEL)-TP
  • Tax Payer : Roxtec India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds corporate guarantee as international transaction, restricts ALP to 0.5%; Follows Everest Kento HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-558-ITAT-2020(Mum)-TP
  • Tax Payer : Voltas Limited
Income tax Appellate Tribunal

ITAT: Deletes AMP-adjustment for Xerox India absent existence of international-transaction; Follows earlier-orders

  • In Favour of Assessee
  • Citation Number : TS-557-ITAT-2020(DEL)-TP
  • Tax Payer : Xerox India Ltd
Income tax Appellate Tribunal

ITAT: Excludes 5 comparables for software developer citing functional dissimilarity, failure of service revenue filter

  • In Favour of Assessee
  • Citation Number : TS-556-ITAT-2020(Bang)-TP
  • Tax Payer : Blue Yonder India Private Limited (Formerly JDA Software India Private Limited)
Income tax Appellate Tribunal

ITAT: Allows assessee’s MA; Excludes Sasken Communications absent segmental-information on expenditure

  • In Favour of Assessee
  • Citation Number : TS-555-ITAT-2020(Bang)-TP
  • Tax Payer : Infineon Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants working-capital adjustment to consultant; Rejects Revenue’s stand of unavailability to service industry

  • In Favour of Assessee
  • Citation Number : TS-554-ITAT-2020(DEL)-TP
  • Tax Payer : Microsoft Corporation (India) Pvt
Income tax Appellate Tribunal

ITAT:Confirms Sec.271AA documentation-penalty deletion; Distinguishes Revenue’s Mak Data SC-ruling reliance

  • In Favour of Assessee
  • Citation Number : TS-553-ITAT-2020(DEL)-TP
  • Tax Payer : Micromax Informatics Ltd
Income tax Appellate Tribunal

ITAT: Partly allows assessee’s MP; Rejects assessee’s characterization as KPO/BPO, retains comparable remand issue

  • In Favour of Assessee
  • Citation Number : TS-552-ITAT-2020(Bang)-TP
  • Tax Payer : G T Nexus Software Pvt Ltd
Income tax Appellate Tribunal

ITAT:Holds guarantee transactions inter-linked with non-resident assessee’s banking operations, directs aggregated-benchmarking

  • In Favour of Assessee
  • Citation Number : TS-551-ITAT-2020(DEL)-TP
  • Tax Payer : MUFG Bank Ltd
Income tax Appellate Tribunal

ITAT:Excludes Govt. undertakings as comparables for marketing & management support-services provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-550-ITAT-2020(DEL)-TP
  • Tax Payer : Intercontinental Hotels Group (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for software-developer; Restricts TP-adjustment to international-transactions

  • In Favour of Both, Partially
  • Citation Number : TS-549-ITAT-2020(HYD)-TP
  • Tax Payer : DE Shaw India Pvt Ltd (Formerly known as DE Shaw India Software Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Holds deferred trade-receivable as international-transaction, remits TP-adjustment; Rules on comparables

  • In Favour of Both, Partially
  • Citation Number : TS-548-ITAT-2020(Bang)-TP
  • Tax Payer : LSI India Research & Development Pvt Ltd
Foreign Court

FC: Danish Tax Tribunal upholds transfer of intangibles during taxpayer?s conversion from distributor to commission agent (241)

  • In Favour of Revenue
  • Citation Number : TS-750-FC-2020(DEN)-TP
  • Tax Payer : [X] Danish Company
Income tax Appellate Tribunal

ITAT:Dismisses assessee’s appeal considering TP-issues resolved under India-USA MAP

  • In Favour of Assessee
  • Citation Number : TS-547-ITAT-2020(Bang)-TP
  • Tax Payer : NTT Data Global Delivery Services Pvt Ltd (In the case of M/s NTT Data India Enterprises Application Services Pvt Ltd., Formerly
Income tax Appellate Tribunal

ITAT: Reassessment after 4 years sans assessee’s failure to disclose material facts, invalid

  • In Favour of Both, Partially
  • Citation Number : TS-546-ITAT-2020(Bang)-TP
  • Tax Payer : Nike India Private Limited