Rulings ( 11960 results )

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Income tax Appellate Tribunal

ITAT:Assessee dependent on AE-employees for running business; Deletes TP-adjustment w.r.t support-services payment

  • In Favour of Assessee
  • Citation Number : TS-490-ITAT-2020(DEL)-TP
  • Tax Payer : B G India Energy Solutions P Ltd
Income tax Appellate Tribunal

ITAT:Treats business advance to loss-making JV as capital contribution; Rejects re-characterization as loan

  • In Favour of Assessee
  • Citation Number : TS-489-ITAT-2020(Mum)-TP
  • Tax Payer : KEC International Ltd
Income tax Appellate Tribunal

ITAT: Deletes interest-adjustment on money advanced for shares allotted within 6 months; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-488-ITAT-2020(Mum)-TP
  • Tax Payer : Essar Power Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on reimbursement of employees’ salaries, follows precedents in earlier/subsequent years

  • In Favour of Assessee
  • Citation Number : TS-487-ITAT-2020(DEL)-TP
  • Tax Payer : WM India Technical and Consulting Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Different financial-year not ground of exclusion when quarterly-results available; Remits comparable

  • In Favour of Both, Partially
  • Citation Number : TS-486-ITAT-2020(Bang)-TP
  • Tax Payer : Autodesk India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects DRP’s RPT-threshold of 0, directs adoption of 15; Upholds Rs.200cr turnover-filter application

  • In Favour of Assessee
  • Citation Number : TS-485-ITAT-2020(Bang)-TP
  • Tax Payer : Sabre Travel Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects re-characterization of non-binding investment advisor as KPO; Applies rule of consistency

  • In Favour of Assessee
  • Citation Number : TS-484-ITAT-2020(Mum)-TP
  • Tax Payer : Carlyle India Advisors Private Limited
Income tax Appellate Tribunal

ITAT: Deletes adjustment on interest receivables; Follows own precedents relying on Kusum Healthcare ratio

  • In Favour of Assessee
  • Citation Number : TS-483-ITAT-2020(DEL)-TP
  • Tax Payer : Global Logic India Ltd
Income tax Appellate Tribunal

ITAT:Upholds CUP as MAM and TP-adjustment deletion on freight-expenses, applies rule of consistency

  • In Favour of Assessee
  • Citation Number : TS-481-ITAT-2020(Mum)-TP
  • Tax Payer : Agility Logistics Pvt Ltd
Income tax Appellate Tribunal

ITAT:Excludes comparable though retained in earlier-year stressing on importance of year-to-year comparability

  • In Favour of Revenue
  • Citation Number : TS-480-ITAT-2020(Mum)-TP
  • Tax Payer : Elcome Technologies Private Limited
Income tax Appellate Tribunal

ITAT: Excludes functionally-dissimilar comparables for software developer; Rules on working-capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-479-ITAT-2020(Bang)-TP
  • Tax Payer : Sabre Travel Technologies Pvt Ltd
Foreign Court

FC: Canadian Tax Court ? Rejects Revenue?s attempt to re-characterize logistics service agreement as sham; Holds transaction at ALP

  • In Favour of Assessee
  • Citation Number : TS-749-FC-2020(CAN)-TP
  • Tax Payer : Agracity Ltd
Income tax Appellate Tribunal

ITAT:Excludes 6 comparables applying turnover-filter, citing functional dissimilarity for software R&D provider

  • In Favour of Assessee
  • Citation Number : TS-478-ITAT-2020(Bang)-TP
  • Tax Payer : Trident Microsystems India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Characterizes assessee as captive contract-service provider; Excludes Infosys BPO and TCS e-serve, follows precedent

  • In Favour of Assessee
  • Citation Number : TS-477-ITAT-2020(Bang)-TP
  • Tax Payer : Entco IT Services Pvt Ltd (Formerly known as Interwoven Software Services India Pvt. Ltd.,)
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment on business restructuring to be decided in light of MAP-resolution

  • In Favour of Assessee
  • Citation Number : TS-476-ITAT-2020(DEL)-TP
  • Tax Payer : BT Global Communications India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits MAM-selection to consider subsequent-year APA if FAR similar; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-475-ITAT-2020(DEL)-TP
  • Tax Payer : Springer [India] Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects TPO’s re-characterization of assessee’s distribution activities as service transaction; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-474-ITAT-2020(HYD)-TP
  • Tax Payer : Commvault Systems (India) Private Limited
Income tax Appellate Tribunal

ITAT: Deletes AMP-adjustment for Kellogg India absent arrangement with AE; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-473-ITAT-2020(Mum)-TP
  • Tax Payer : Kellogg India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes outstanding AE-receivables TP-adjustment considering 90 day delay, acceptable in industry; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-472-ITAT-2020(HYD)-TP
  • Tax Payer : Value Labs Technologies
Income tax Appellate Tribunal

ITAT: Adjudicates on comparables for routine software developer; Remits working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-471-ITAT-2020(DEL)-TP
  • Tax Payer : Motherson Sumi Infotech Vs. DCIT & Designs Limited