Rulings ( 11528 results )

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Income tax Appellate Tribunal

ITAT: Treats assessee's support services as international transaction rejecting 'shareholder function' stand

Feb 07, 2020
  • In Favour of Assessee
  • Citation Number : TS-79-ITAT-2020(Mum)-TP
  • Tax Payer : AGC Networks Limited
Income tax Appellate Tribunal

ITAT: Denies ‘pass-through’ status for sub-contracting charges of captive service-provider; Rules on comparables

Feb 07, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-78-ITAT-2020(Bang)-TP
  • Tax Payer : Applied Materials India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes AMP adjustment for L’Oreal India under manufacturing & distribution segments; Follows earlier-order

Feb 07, 2020
  • In Favour of Assessee
  • Citation Number : TS-77-ITAT-2020(Mum)-TP
  • Tax Payer : L’Oreal India Private Limited
Income tax Appellate Tribunal

ITAT: Remits un-adjudicated issue of restricting TP-adjustment to international AE-transactions; Follows earlier-order

Feb 07, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-76-ITAT-2020(DEL)-TP
  • Tax Payer : Carrier Air-Conditioning and Refrigeration Ltd
Income tax Appellate Tribunal

ITAT: Holds share-application money pending allotment as international-transaction; Rejects foreign-AE as tested party

Feb 07, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-75-ITAT-2020(Bang)-TP
  • Tax Payer : IZMO Ltd [formerly Logix Microsystems Ltd]
Income tax Appellate Tribunal

ITAT: Adopts aggregate benchmarking for Nokia’s technical & warranty support segments; Follows APA-approach

Feb 06, 2020
  • In Favour of Assessee
  • Citation Number : TS-74-ITAT-2020(DEL)-TP
  • Tax Payer : Nokia Solutions and Networks India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Confirms TP- adjustment on commission for non-fund based limits utilized by AE

Feb 06, 2020
  • In Favour of Revenue
  • Citation Number : TS-73-ITAT-2020(Bang)-TP
  • Tax Payer : GMR Infrastructure Limited
Income tax Appellate Tribunal

ITAT: Rejects TPO’s ALP-determination of asset purchase; Directs adjustment towards difference in depreciation

Feb 05, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-72-ITAT-2020(PUN)-TP
  • Tax Payer : Tata BlueScope Steel Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables; Directs allocation of common unallocated expenses applying relevant keys

Feb 05, 2020
  • In Favour of Assessee
  • Citation Number : TS-71-ITAT-2020(PUN)-TP
  • Tax Payer : John Deere India (P) Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables citing unavailability of data, functional-dissimilarity; Deletes TP-adjustment on royalty

Feb 05, 2020
  • In Favour of Assessee
  • Citation Number : TS-70-ITAT-2020(PUN)-TP
  • Tax Payer : Renishaw Metrology Systems Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables for software developer; Upholds TP-adjustment on outstanding AE-receivables

Feb 05, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-69-ITAT-2020(Bang)-TP
  • Tax Payer : KBACE Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds TP-adjustment on insurance premium reimbursement; Prohibited payment fails benefit test

Feb 04, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-68-ITAT-2020(Ahd)-TP
  • Tax Payer : Tyco Valves & Controls (I) P. Ltd
Income tax Appellate Tribunal

ITAT: Upholds Nil-ALP for management fees reimbursement; Rules on comparables selection for valves-manufacturer

Feb 04, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-67-ITAT-2020(Ahd)-TP
  • Tax Payer : Tyco Valves & Controls (I) P Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on shared service charges; Follows earlier order

Feb 04, 2020
  • In Favour of Assessee
  • Citation Number : TS-66-ITAT-2020(Mum)-TP
  • Tax Payer : Abbott Healthcare Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4, remits 4 and upholds exclusion of 2 comparables for software-developer

Feb 03, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-64-ITAT-2020(DEL)-TP
  • Tax Payer : Nagarro Software Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rules on comparables-selection for ITes-provider, Excludes 4 companies citing huge intangibles, functional dissimilarity

Jan 30, 2020
  • In Favour of Assessee
  • Citation Number : TS-63-ITAT-2020(DEL)-TP
  • Tax Payer : Evalueserve Com Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits comparables selection, risk adjustment for software-services; Allows working-capital adjustment on actuals

Jan 30, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-62-ITAT-2020(Bang)-TP
  • Tax Payer : NXP India Private Limited
Income tax Appellate Tribunal

ITAT: Includes Kals Information restricting TPO’s lower turnover-cap to 1 crore for Software Developer

Jan 30, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-61-ITAT-2020(DEL)-TP
  • Tax Payer : Aithent Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables citing functional dissimilarity, segmental results unavailability etc. for ITES-provider; Follows precedents

Jan 30, 2020
  • In Favour of Assessee
  • Citation Number : TS-60-ITAT-2020(Mum)-TP
  • Tax Payer : Swiss Re Services India Private Ltd
Income tax Appellate Tribunal

ITAT:Rejects interest adjustment post-conversion of loan to share application money; Follows earlier-order

Jan 30, 2020
  • In Favour of Assessee
  • Citation Number : TS-59-ITAT-2020(DEL)-TP
  • Tax Payer : Baba Global Ltd