Rulings ( 11528 results )

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Income tax Appellate Tribunal

ITAT:Remits TP-issue; Holds TPO’s comparables selection without basis as against justice principles

Feb 19, 2020
  • In Favour of Assessee
  • Citation Number : TS-119-ITAT-2020(Bang)-TP
  • Tax Payer : GE BE Pvt Ltd
Income tax Appellate Tribunal

ITAT: Classifies interest-free AE-loans advanced to redeem preference shares as quasi capital; Deletes TP-adjustment

Feb 18, 2020
  • In Favour of Assessee
  • Citation Number : TS-118-ITAT-2020-TP
  • Tax Payer : Bialkhia Holdings Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment for NR assessee considering transaction held at ALP for Indian-AE

Feb 18, 2020
  • In Favour of Assessee
  • Citation Number : TS-117-ITAT-2020(Kol)-TP
  • Tax Payer : AT & S Austria Technologie & Systemtechnik Aktiongesellschaft
Income tax Appellate Tribunal

ITAT: Rules on comparables selection; Restores comparables not challenged before DRP for fresh examination

Feb 18, 2020
  • In Favour of Assessee
  • Citation Number : TS-115-ITAT-2020(Mum)-TP
  • Tax Payer : SmartStream Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Sets-aside CIT(A)'s ex-parte order; Remits TP-issue for readjudication

Feb 17, 2020
  • In Favour of Assessee
  • Citation Number : TS-114-ITAT-2020(CHNY)-TP
  • Tax Payer : Schneider Electric Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Letter of Comfort issuance, not international transaction; Rejects its re-characterization as guarantee

Feb 17, 2020
  • In Favour of Assessee
  • Citation Number : TS-113-ITAT-2020(Mum)-TP
  • Tax Payer : Tata International Limited
Income tax Appellate Tribunal

ITAT:Dismisses Revenue’s appeal; Upholds internal CUP as MAM for garments export transactions

Feb 17, 2020
  • In Favour of Assessee
  • Citation Number : TS-112-ITAT-2020(Bang)-TP
  • Tax Payer : Gokaldas Images Pvt Ltd
Income tax Appellate Tribunal

ITAT:Draft assessment order cannot be treated as final by issuing corrigendum; Follows Oracle

Feb 17, 2020
  • In Favour of Assessee
  • Citation Number : TS-111-ITAT-2020(DEL)-TP
  • Tax Payer : North Shore Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 6 comparables for captive software development & support service provider

Feb 17, 2020
  • In Favour of Assessee
  • Citation Number : TS-110-ITAT-2020(PUN)-TP
  • Tax Payer : eGain Communications Pvt Ltd
Income tax Appellate Tribunal

ITAT: Working-capital adjustment cannot be denied citing data non-availability without exercising powers u/s.133(6)

Feb 14, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-109-ITAT-2020(Bang)-TP
  • Tax Payer : Goldman Sachs Services Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes intra-group services TP-adjustment; Holds DRP has no jurisdiction to determine agreement format

Feb 14, 2020
  • In Favour of Assessee
  • Citation Number : TS-108-ITAT-2020(Mum)-TP
  • Tax Payer : Megger India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables remits risk-adjustment for technical engineering service provider

Feb 14, 2020
  • In Favour of Assessee
  • Citation Number : TS-107-ITAT-2020(DEL)-TP
  • Tax Payer : Haldor Topsoe India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds interest free AE-loan subject to ALP-determination; Remits issue following Instrumentarium SB-ruling

Feb 14, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-106-ITAT-2020(Bang)-TP
  • Tax Payer : Shilpa Medicare Ltd
Income tax Appellate Tribunal

ITAT: Holds royalty payment 1 of net sales at ALP; Follows earlier order

Feb 14, 2020
  • In Favour of Assessee
  • Citation Number : TS-105-ITAT-2020(Mum)-TP
  • Tax Payer : Mondelez India Foods Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds technical fees ALP at 50 of amount claimed by assessee; Follows precedent

Feb 13, 2020
  • In Favour of Revenue
  • Citation Number : TS-104-ITAT-2020(Mum)-TP
  • Tax Payer : Nhava Sheva International Container Terminal Private Ltd
Income tax Appellate Tribunal

ITAT:Allows withdrawal of appeal considering MAP resolution pertaining to assessee’s ITeS transactions

Feb 13, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-103-ITAT-2020(Bang)-TP
  • Tax Payer : 24/7 Customer Pvt Ltd
Income tax Appellate Tribunal

ITAT:Excludes 4 comparables for engineering services; Deletes ad hoc intra-group services TP-adjustment

Feb 13, 2020
  • In Favour of Assessee
  • Citation Number : TS-102-ITAT-2020(Mum)-TP
  • Tax Payer : Rolls Royce Marine India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Adopts internal-TNMM absent external comparables for sale transaction; Deletes TP-adjustment on trade-receivables

Feb 13, 2020
  • In Favour of Assessee
  • Citation Number : TS-101-ITAT-2020(VIZ)-TP
  • Tax Payer : Bommidala Enterprises Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts software distributors as comparables for TV channel distributors; Follows Turner International ruling

Feb 13, 2020
  • In Favour of Assessee
  • Citation Number : TS-100-ITAT-2020(Mum)-TP
  • Tax Payer : Star Den Media Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects characterisation of CCDs as equity, allows pre-conversion interest payments u/s 36(1)(iii)

Feb 13, 2020
  • In Favour of Assessee
  • Citation Number : TS-1243-ITAT-2019(Bang)-TP
  • Tax Payer : CAE Flight Training (India) Pvt Ltd