Rulings ( 11528 results )

Filters
Income tax Appellate Tribunal

ITAT: Deletes Whirlpool’s AMP-adjustment considering expenses not incurred for AE’s brand promotion; Follows HC-ratio

Jan 24, 2020
  • In Favour of Assessee
  • Citation Number : TS-39-ITAT-2020(DEL)-TP
  • Tax Payer : Whirlpool of India Ltd
Income tax Appellate Tribunal

ITAT:AO’s ALP-determination sans TPO-reference unsustainable, cites Instruction No.3/2003; Deletes TP-addition on intra-group services

Jan 24, 2020
  • In Favour of Assessee
  • Citation Number : TS-38-ITAT-2020(DEL)-TP
  • Tax Payer : Arkadin Confer India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Restricts corporate guarantee ALP to 0.5%; Follows Everest Kanto ruling

Jan 24, 2020
  • In Favour of Assessee
  • Citation Number : TS-37-ITAT-2020(Mum)-TP
  • Tax Payer : Greaves Cotton Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment citing RBI-approval as valid benchmark for royalty payments; Follows precedents

Jan 23, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-36-ITAT-2020(Kol)-TP
  • Tax Payer : Sika India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on interest on AE-loan and corporate guarantee commission

Jan 23, 2020
  • In Favour of Assessee
  • Citation Number : TS-35-ITAT-2020(Mum)-TP
  • Tax Payer : Hindustan Construction Co Ltd
Income tax Appellate Tribunal

ITAT: DRP-proceedings initiation renders AO/TPO 'functus officio'; Rejects deviation from draft-order sans DRP-direction

Jan 23, 2020
  • In Favour of Assessee
  • Citation Number : TS-34-ITAT-2020(PUN)-TP
  • Tax Payer : Koso India Private Limited
Income tax Appellate Tribunal

ITAT: Restores 2 comparables to examine satisfaction of RPT-filter for investment advisor

Jan 23, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-33-ITAT-2020(Mum)-TP
  • Tax Payer : Altico Capital India Private Limited
Income tax Appellate Tribunal

ITAT:Admits additional ground; Quashes final orders passed sans draft orders for JV-partners

Jan 22, 2020
  • In Favour of Assessee
  • Citation Number : TS-32-ITAT-2020(CTK)-TP
  • Tax Payer : ARSS Atalanta JV
Income tax Appellate Tribunal

ITAT: Rejects comparables exclusion on loss-making ground sans prior-years’ examination as per Rule 10B(4)

Jan 22, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-31-ITAT-2020(Bang)-TP
  • Tax Payer : PUMA India Corporate Services Private Limited
Income tax Appellate Tribunal

ITAT:Disallows re-characterization of capital infusion into subsidiary as AE-loan, cites OECD guidelines

Jan 22, 2020
  • In Favour of Assessee
  • Citation Number : TS-30-ITAT-2020(DEL)-TP
  • Tax Payer : Jaypee Capital Services Ltd
Income tax Appellate Tribunal

ITAT: Differentiates between product-promotion and brand-building; Deletes channel distributor's AMP-adjustment

Jan 21, 2020
  • In Favour of Assessee
  • Citation Number : TS-29-ITAT-2020(Mum)-TP
  • Tax Payer : NGC Network (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes AMP-adjustment for distributor assessee as brand-promotion expense nearly equal to comparables

Jan 21, 2020
  • In Favour of Assessee
  • Citation Number : TS-28-ITAT-2020(Mum)-TP
  • Tax Payer : Brother International (India) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-determination citing AO’s failure to furnish comparables’ details to assessee

Jan 21, 2020
  • In Favour of Assessee
  • Citation Number : TS-27-ITAT-2020(Mum)-TP
  • Tax Payer : Eleglance Jewellery Pvt. Ltd
Income tax Appellate Tribunal

ITAT:Remits royalty TP-adjustment noting TPO/DRP’s base change from sales to value-addition sans examination

Jan 21, 2020
  • In Favour of Assessee
  • Citation Number : TS-26-ITAT-2020(Bang)-TP
  • Tax Payer : Kaypee Electronics & Associates Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes final assessment order passed sans draft order; Follows Jaipur Rugs ruling

Jan 20, 2020
  • In Favour of Assessee
  • Citation Number : TS-25-ITAT-2020(JPR)-TP
  • Tax Payer : Jhandewala Foods Limited
Income tax Appellate Tribunal

ITAT: Excludes 5 comparables for software service-provider; Directs grants of working capital adjustment

Jan 20, 2020
  • In Favour of Assessee
  • Citation Number : TS-24-ITAT-2020(Kol)-TP
  • Tax Payer : Atlas Healthcare Software India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: TPO can’t examine international transaction when reference restricted to SDT; Cites Times Global

Jan 20, 2020
  • In Favour of Assessee
  • Citation Number : TS-23-ITAT-2020(PUN)-TP
  • Tax Payer : P. N. Gadgil Jewellers Pvt. Ltd
Income tax Appellate Tribunal

ITAT:Restores TP-adjustment on royalty payment for manufacturer assessee; Follows earlier-order

Jan 20, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-22-ITAT-2020(Mum)-TP
  • Tax Payer : Mahindra Heavy Engines Ltd
Income tax Appellate Tribunal

ITAT:Rejects content and channel owner comparables with high asset deployment for assessee’s distribution-segment

Jan 17, 2020
  • In Favour of Assessee
  • Citation Number : TS-21-ITAT-2020(DEL)-TP
  • Tax Payer : Turner International India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Includes functionally-similar comparable, considers amalgamation impact absorbed in earlier-year accounts

Jan 17, 2020
  • In Favour of Assessee
  • Citation Number : TS-20-ITAT-2020(PUN)-TP
  • Tax Payer : Vishay Components India Private Limited