Rulings ( 11959 results )

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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
Income tax Appellate Tribunal

ITAT:Remits TP-adjustment on SDT of interest payments to consider internal-CUP of third-party borrowings

  • In Favour of Assessee
  • Citation Number : TS-524-ITAT-2020(DEL)-TP
  • Tax Payer : JE Energy Venture Private Ltd (formerly known as Jubilant Energy Pvt.Ltd.)
Income tax Appellate Tribunal

ITAT: Excludes 6, remits 1 comparable for captive software-development service provider; Follows Autodesk India ruling

  • In Favour of Assessee
  • Citation Number : TS-523-ITAT-2020(Bang)-TP
  • Tax Payer : GXS India Technology Centre Pvt Ltd
Income tax Appellate Tribunal

ITAT: Includes I2T2 India as comparable for software developer; Follows LG Soft ruling

  • In Favour of Assessee
  • Citation Number : TS-522-ITAT-2020(Bang)-TP
  • Tax Payer : EMC Software & Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s MP, rectifies mistakes w.r.t TP-adjustment on reimbursement of expenses, working capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-521-ITAT-2020(Mum)-TP
  • Tax Payer : India Medtronic Private Limited
Income tax Appellate Tribunal

ITAT:Additional-evidence can’t be rejected absent prejudice to Revenue; Directs de-novo assessment

  • In Favour of Assessee
  • Citation Number : TS-520-ITAT-2020(DEL)-TP
  • Tax Payer : Global One India Private Limited
Income tax Appellate Tribunal

ITAT: Draft-order along with demand/penalty notice culminates proceedings, subsequent orders non-est; Follows Perfetti

  • In Favour of Assessee
  • Citation Number : TS-519-ITAT-2020(DEL)-TP
  • Tax Payer : Mavenir India Pvt Ltd (earlier known as Comverse Network System India Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Excludes software-product developer as comparables for software-development service provider; Grants working-capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-518-ITAT-2020(DEL)-TP
  • Tax Payer : ST Microelectronics Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s MA; Applies 0.50% guarantee fee ALP on actual loan availed

  • In Favour of Assessee
  • Citation Number : TS-517-ITAT-2020(Mum)-TP
  • Tax Payer : Manugraph India Ltd
Income tax Appellate Tribunal

ITAT: Excludes 6, remits 1 comparable for ITeS-provider; Treats forex gain as operating item

  • In Favour of Assessee
  • Citation Number : TS-516-ITAT-2020(DEL)-TP
  • Tax Payer : Fiserv India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits examination of reimbursement exclusion while considering rental-expenditure as operating item

  • In Favour of Both, Partially
  • Citation Number : TS-515-ITAT-2020(Bang)-TP
  • Tax Payer : Lineage Power Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts foreign-AEs as tested party; Deletes TP-adjustment citing margin within 5 tolerance range

  • In Favour of Assessee
  • Citation Number : TS-514-ITAT-2020(Bang)-TP
  • Tax Payer : IMS Health Analytics Services Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes outstanding AE-receivables TP-adjustment for debt free assessee; Follows Target ruling

  • In Favour of Assessee
  • Citation Number : TS-513-ITAT-2020(DEL)-TP
  • Tax Payer : Optum Global Solutions (India) Pvt Ltd (As successor of United Health GroupInformationServices Pvt Ltd)
Income tax Appellate Tribunal

ITAT:Upholds E-infochips exclusion citing failure of 75 service-income filter, dismisses Revenue’s appeal

  • In Favour of Assessee
  • Citation Number : TS-512-ITAT-2020(Bang)-TP
  • Tax Payer : Applied Materials India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Unallocable expenses not ground for comparables-exclusion; Includes L&T Infotech for software developer

  • In Favour of Both, Partially
  • Citation Number : TS-511-ITAT-2020(DEL)-TP
  • Tax Payer : Steria (India) Limited