Rulings ( 11953 results )

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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
Income tax Appellate Tribunal

ITAT: Excludes 6 comparables for software-development service provider; Follows Schneider Electric IT Business India ruling

  • In Favour of Assessee
  • Citation Number : TS-545-ITAT-2020(Bang)-TP
  • Tax Payer : Sonus networks India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Availment of management-services from AE established; Rejects TPO’s benefit test & Nil ALP-determination

  • In Favour of Assessee
  • Citation Number : TS-544-ITAT-2020(DEL)-TP
  • Tax Payer : Danisco India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Confirms Sec.271AA-penalty on non-resident company for non-maintenance of documents u/s.92D

  • In Favour of Revenue
  • Citation Number : TS-543-ITAT-2020(DEL)-TP
  • Tax Payer : Convergys Customer Management Group Inc
Income tax Appellate Tribunal

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

  • In Favour of Assessee
  • Citation Number : TS-542-ITAT-2020(Bang)-TP
  • Tax Payer : ACI Worldwide Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs consideration of segmental details for ALP-determination w.r.t Smart Card Distribution segment

  • In Favour of Assessee
  • Citation Number : TS-541-ITAT-2020(DEL)-TP
  • Tax Payer : Giesecke & Devrient [India] Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adopts LIBOR to benchmark loans advanced to Swiss-AE, deletes TP-adjustment; Follows earlier year order

  • In Favour of Assessee
  • Citation Number : TS-539-ITAT-2020(DEL)-TP
  • Tax Payer : Dharampal Satyapal Ltd
Income tax Appellate Tribunal

ITAT:Remits TP-adjustment on support services; Directs decision in line with earlier AYs pursuant to DRP-direction

  • In Favour of Both, Partially
  • Citation Number : TS-538-ITAT-2020(Bang)-TP
  • Tax Payer : CISCO Systems Capital (India) Pvt Ltd
High Court

HC:AO can't make reference u/s.92CA without disposal of assessee’s objections during reassessment proceedings

  • In Favour of Both, Partially
  • Citation Number : TS-537-HC-2020(MAD)-TP
  • Tax Payer : PPN Power Generating Company Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 5 companies citing extraordinary event of amalgamation, functional-dissimilarity; Follows Kony India ruling

  • In Favour of Both, Partially
  • Citation Number : TS-536-ITAT-2020(HYD)-TP
  • Tax Payer : DST Worldwide Services India Private Limited
Income tax Appellate Tribunal

ITAT: Directs ALP-computation of exports on aggregate basis if transactions interlinked; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-535-ITAT-2020(DEL)-TP
  • Tax Payer : Jindal Stainless Ltd
Income tax Appellate Tribunal

ITAT:Dismisses assessee’s-MA; Non-acceptance of assessee’s plea does not amount to mistake in order

  • In Favour of Revenue
  • Citation Number : TS-534-ITAT-2020(Bang)-TP
  • Tax Payer : Tejas Networks Limited
Income tax Appellate Tribunal

ITAT:Quashes assessment order, extended time limit u/s. 144C inapplicable prior to AY 2010-11

  • In Favour of Assessee
  • Citation Number : TS-531-ITAT-2020(Mum)-TP
  • Tax Payer : Truetzschler India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Assessee, a license-manufacturer, not contract-manufacturer; Deletes TP-adjustments on royalty & export-commission

  • In Favour of Assessee
  • Citation Number : TS-530-ITAT-2020(DEL)-TP
  • Tax Payer : Honda Motorcycle and Scooters India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparable not mentioned in SCN sans opportunity to assessee to contest

  • In Favour of Both, Partially
  • Citation Number : TS-529-ITAT-2020(DEL)-TP
  • Tax Payer : Open Solutions Software Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Inter-unit transactions between eligible units u/s. 10AA outside scope of ‘SDT’, not subject to ALP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-528-ITAT-2020(Bang)-TP
  • Tax Payer : Wipro Limited
Income tax Appellate Tribunal

ITAT: Upholds Sec.263 proceedings on TP-issue despite TPO-reference not made in SCN initiating revision

  • In Favour of Revenue
  • Citation Number : TS-527-ITAT-2020(Mum)-TP
  • Tax Payer : Bank of India
Income tax Appellate Tribunal

ITAT: Holds outstanding receivables as separate international transaction; Distinguishes Kusum Healthcare, Bechtel rulings

  • In Favour of Assessee
  • Citation Number : TS-526-ITAT-2020(Ind)-TP
  • Tax Payer : Bharti Airtel Limited
Income tax Appellate Tribunal

ITAT: Deletes AMP-adjustment for Yakult Danone absent establishment of international transaction; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-525-ITAT-2020(DEL)-TP
  • Tax Payer : Yakult Danone India Pvt Ltd