Rulings ( 11960 results )

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Foreign Court

FC: Canada Federal Court allows judicial review application against Revenue's foreign-based information request during TP-audit

  • In Favour of Assessee
  • Citation Number : TS-747-FC-2020-TP
  • Tax Payer : Bayer Inc
Income tax Appellate Tribunal

ITAT: Fixes corporate guarantee ALP at 0.5; Remands TP-adjustment on AE-loans, performance guarantee

  • In Favour of Assessee
  • Citation Number : TS-426-ITAT-2020(Mum)-TP
  • Tax Payer : Teleperformence Global Services Private Limited (Earlier Known as “Intel Global Services Private Limited”)
Income tax Appellate Tribunal

ITAT: Quashes assessment order passed on non-existent amalgamated entity; Follows binding earlier-order

  • In Favour of Assessee
  • Citation Number : TS-425-ITAT-2020(Mum)-TP
  • Tax Payer : Atos India Pvt Ltd (Successor of Atos IT Solutions and Services P. Ltd)
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on AE-receivables, rules on comparables for assessee’s ITeS-segment, follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-424-ITAT-2020(DEL)-TP
  • Tax Payer : American Express (I) P Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s MP; Recalls order to consider inclusion of I2T2 India for ITeS-provider

  • In Favour of Assessee
  • Citation Number : TS-423-ITAT-2020(Bang)-TP
  • Tax Payer : EMC Software and Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remands Sec 271(1)(c) penalty issue considering TP-adjustment remanded in quantum appeal

  • In Favour of Assessee
  • Citation Number : TS-422-ITAT-2020(PUN)-TP
  • Tax Payer : Mahle Behr India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Permits Nokia India to withdraw appeal considering resolution of AMP-adjustment under MAP

  • In Favour of Assessee
  • Citation Number : TS-421-ITAT-2020(DEL)-TP
  • Tax Payer : Nokia India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects negative working-capital adjustment for captive service provider; Rules on comparables

  • In Favour of Both, Partially
  • Citation Number : TS-420-ITAT-2020(Bang)-TP
  • Tax Payer : Aspect Technology Center (India) Private Limited
Income tax Appellate Tribunal

ITAT: Prefers internal over external TNMM for benchmarking international transactions; Remits issue

  • In Favour of Assessee
  • Citation Number : TS-419-ITAT-2020(Bang)-TP
  • Tax Payer : Brillio Technologies Pvt Ltd (Formerly known as M/s. Collabera Solutions Pvt. Ltd.,)
Income tax Appellate Tribunal

ITAT:Draft order passed on non-existent amalgamated entity, void-ab-initio; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-418-ITAT-2020(DEL)-TP
  • Tax Payer : BOEING India Pvt Ltd [Successor to Boeing International Corporation India Pvt Ltd]
Income tax Appellate Tribunal

ITAT: Excludes comparables for ITeS provider; Treats forex gains as operating income

  • In Favour of Assessee
  • Citation Number : TS-417-ITAT-2020(Bang)-TP
  • Tax Payer : Akamai Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds inclusion of 3 comparables rejecting Revenue’s persistent loss making plea

  • In Favour of Assessee
  • Citation Number : TS-416-ITAT-2020(Mum)-TP
  • Tax Payer : MOL Maritime (India) Pvt Ltd (Formerly known as Mitsui OSK LinesMaritime (India) Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Remits working-capital adjustment for GE BE’s engineering design service division

  • In Favour of Assessee
  • Citation Number : TS-415-ITAT-2020(Bang)-TP
  • Tax Payer : GE BE Pvt Ltd
Foreign Court

FC: Advocate General advises Netherlands SC on interest deductibility for Dutch Co. on AE-loans

  • In Favour of Assessee
  • Citation Number : TS-746-FC-2020-TP
  • Tax Payer : [X] BV
Income tax Appellate Tribunal

ITAT: Recommends Special-Bench constitution for interpreting term ‘paid’ under India-Cyprus DTAA Article 11

  • In Favour of Assessee
  • Citation Number : TS-414-ITAT-2020(Mum)-TP
  • Tax Payer : Ampacet Cyprus Limited
Income tax Appellate Tribunal

ITAT:Draft-order with demand/penalty notice culminates proceedings, subsequent orders non-est; Distinguishes PwC-ruling

  • In Favour of Assessee
  • Citation Number : TS-413-ITAT-2020(DEL)-TP
  • Tax Payer : Perfetti Van Melle (India) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Determines ALP of corporate guarantee fee at 0.5% for Tata Sons; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-412-ITAT-2020(Mum)-TP
  • Tax Payer : Tata Sons Ltd
Income tax Appellate Tribunal

ITAT:Excludes 6 comparables in Microsoft’s marketing support segment; Grants working-capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-411-ITAT-2020(DEL)-TP
  • Tax Payer : Microsoft Corporation (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes Nivea’s AMP-adjustment, remits foreign-AE’s selection as tested-party; Follows earlier-orders

  • In Favour of Both, Partially
  • Citation Number : TS-410-ITAT-2020(Mum)-TP
  • Tax Payer : Nivea India Private Limited
Income tax Appellate Tribunal

ITAT: Adopts LIBOR without mark-up for benchmarking interest free AE-loans; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-409-ITAT-2020(Mum)-TP
  • Tax Payer : Oriental Aromatics Ltd