Rulings ( 11528 results )

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Income tax Appellate Tribunal

ITAT:Remits TP-adjustment on inbound/outbound travel related services for fresh adjudication

Jan 30, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-58-ITAT-2020(DEL)-TP
  • Tax Payer : Destination of the Worth (Subcontinent) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on MAM-selection, treatment of subvention income and AMP-adjustment; Follows earlier-order

Jan 29, 2020
  • In Favour of Assessee
  • Citation Number : TS-57-ITAT-2020(DEL)-TP
  • Tax Payer : MSD Pharmaceuticals Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes outstanding AE-receivables TP-adjustment for debt free company; Follows Bechtel HC-ruling

Jan 29, 2020
  • In Favour of Assessee
  • Citation Number : TS-56-ITAT-2020(DEL)-TP
  • Tax Payer : Avaya India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Allows assessee's MA; Recalls share-application money re-characterisation issue

Jan 29, 2020
  • In Favour of Assessee
  • Citation Number : TS-55-ITAT-2020(Mum)-TP
  • Tax Payer : Miranda Tools Pvt Ltd (Earlier known as PMP Auto Components P. Ltd.)
Income tax Appellate Tribunal

ITAT: Rules on comparable-selection for software development service-provider, cites functional-dissimilarity, extra ordinary events

Jan 29, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-54-ITAT-2020(Bang)-TP
  • Tax Payer : Zynga Game Network India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits TP-issue for de-novo adjudication citing cryptic DRP-order

Jan 29, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-53-ITAT-2020(DEL)-TP
  • Tax Payer : Yutaka Autoparts India Pvt Ltd
Supreme Court

SC:Allows Revenue’s SLP-withdrawal citing low tax effect, against HC-order allowing 5 variation benefit

Jan 29, 2020
  • In Favour of Revenue
  • Citation Number : TS-52-SC-2020-TP
  • Tax Payer : UAE Exchange And Financial Service Ltd
Income tax Appellate Tribunal

ITAT:LIBOR/ERIBOR apt rate for benchmarking foreign currency AE-loan; Deletes TP-adjustment on interest

Jan 28, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-51-ITAT-2020(Mum)-TP
  • Tax Payer : Piramal Enterprise Limited (formerly known as Piramal Healthcare Limited)
Income tax Appellate Tribunal

ITAT: Quashes assessment order as time-barred, holding assessee not ‘eligible’ u/s 144C(15)(b) absent TP-adjustment

Jan 28, 2020
  • In Favour of Assessee
  • Citation Number : TS-50-ITAT-2020(Ahd)-TP
  • Tax Payer : Chemoil Adani Pvt Ltd
Income tax Appellate Tribunal

ITAT: 5 tolerance range applicable even when single rate considered for benchmarking; Follows precedents

Jan 28, 2020
  • In Favour of Assessee
  • Citation Number : TS-49-ITAT-2020(Mum)-TP
  • Tax Payer : Sonata Software Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s appeal; Upholds CIT(A)-order quashing Tech Mahindra’s reassessment on TP-issue

Jan 28, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-48-ITAT-2020(Mum)-TP
  • Tax Payer : Tech Mahindra Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rules on comparables for business-support service provider; Rejects loss-making as sole reason for exclusion

Jan 28, 2020
  • In Favour of Assessee
  • Citation Number : TS-47-ITAT-2020(Mum)-TP
  • Tax Payer : Nov India Pvt Ltd
Supreme Court

SC:Dismisses assessee’s review petition; Rejects low-tax effect plea when TP-issue already remanded

Jan 28, 2020
  • In Favour of Revenue
  • Citation Number : TS-46-SC-2020-TP
  • Tax Payer : S.G. Asia Holdings (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Restores TP-issue for fresh adjudication considering hearing opportunity not given to assessee

Jan 27, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-45-ITAT-2020(Mum)-TP
  • Tax Payer : Maari Multi-trading Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Denies res-judicata principle applicability for different AYs, cites varying FAR analysis for each year

Jan 27, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-44-ITAT-2020(Mum)-TP
  • Tax Payer : Roche Diagnostics India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Rejects CIT(A)’s adoption of WDV as ALP for benchmarking machinery sale; Follows precedents

Jan 27, 2020
  • In Favour of Assessee
  • Citation Number : TS-43-ITAT-2020(Ahd)-TP
  • Tax Payer : Panasonic Energy India Co. Ltd
Income tax Appellate Tribunal

ITAT: Allows exclusion of comparable proposed in TP-study; Cites functional dissimilarity, fluctuating profit-margins

Jan 27, 2020
  • In Favour of Assessee
  • Citation Number : TS-42-ITAT-2020(Mum)-TP
  • Tax Payer : Western Union Services India Private Ltd
Income tax Appellate Tribunal

ITAT:Remits TP-adjustment on imports, directs assessee to file contemporaneous documents

Jan 27, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-1242-ITAT-2019(DEL)-TP
  • Tax Payer : Shivka Trading Pvt. Limited
Income tax Appellate Tribunal

ITAT: Excludes comparables for captive software provider, cites functional-dissimilarity, turnover-filter failure

Jan 24, 2020
  • In Favour of Assessee
  • Citation Number : TS-41-ITAT-2020(Mum)-TP
  • Tax Payer : Xoriant Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables citing functional-dissimilarity, RPT-filter failure for software developer; Remits working capital adjustment

Jan 24, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-40-ITAT-2020(Bang)-TP
  • Tax Payer : Sling Media Pvt Ltd