Rulings ( 11960 results )

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Income tax Appellate Tribunal

ITAT:Deletes Sec 271AA, 271BA penalty following TP-adjustment deletion in quantum appeal absent AE-relationship

  • In Favour of Assessee
  • Citation Number : TS-348-ITAT-2020(Mum)-TP
  • Tax Payer : Kaybee Private Limited
Foreign Court

FC: Dutch Appeals Court adopts profit split method for benchmarking miner's business-sale transaction

  • In Favour of Revenue
  • Citation Number : TS-735-FC-2020(NETH)-TP
  • Tax Payer : Zinc Smelter
Income tax Appellate Tribunal

ITAT:Determines 15 of gross receipts as profits attributable to PE; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-347-ITAT-2020(Mum)-TP
  • Tax Payer : Sabre Asia Pacific Pte Ltd (Earlier Known as M/s Abacus International Pte Ltd.
Income tax Appellate Tribunal

ITAT: Deletes outstanding AE-receivables TP-adjustment; Follows Kusum Healthcare, Global Logic India rulings

  • In Favour of Assessee
  • Citation Number : TS-346-ITAT-2020(HYD)-TP
  • Tax Payer : ValueLabs (Previously known as ValueLabs)
Income tax Appellate Tribunal

ITAT:Rejects Nil-ALP determination for intra-group services, deletes AMP-adjustment applying rule of consistency

  • In Favour of Assessee
  • Citation Number : TS-345-ITAT-2020(Kol)-TP
  • Tax Payer : Philips India Limited
Foreign Court

FC: Canadian Federal Court rejects lifting of corporate veil to reallocate Swiss-AE's profits to Cameco Canada

  • In Favour of Assessee
  • Citation Number : TS-745-FC-2020-TP
  • Tax Payer : Cameco Corporation
Income tax Appellate Tribunal

ITAT: Permits assessee’s appeal withdrawal citing resolution of TP-issues under Unilateral, Bilateral APAs

  • In Favour of Assessee
  • Citation Number : TS-344-ITAT-2020(Bang)-TP
  • Tax Payer : Novo Nordisk India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables; Rejects DRP’s inconsistent approach while benchmarking technical service fees

  • In Favour of Both, Partially
  • Citation Number : TS-343-ITAT-2020(DEL)-TP
  • Tax Payer : Ariba India Private Limited
Foreign Court

FC: Singaporean High Court: Substantial influence, not'control'; Denies'related party' exemption on property-sale to REIT

  • In Favour of Revenue
  • Citation Number : TS-1260-FC-2019(SNG)-TP
  • Tax Payer : BZZ
Foreign Court

FC: Italian SC allows Citibank's plea; Rejects Italy-PE's losses attribution to US Parent

  • In Favour of Assessee
  • Citation Number : TS-737-FC-2020(ITL)-TP
  • Tax Payer : Citibank N.A.
Income tax Appellate Tribunal

ITAT: Confirms deletion of notional interest adjustment on treatment of share application money as loan

  • In Favour of Assessee
  • Citation Number : TS-342-ITAT-2020(Mum)-TP
  • Tax Payer : Voltas Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables for software-service provider; Accepts TPO’s negative working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-341-ITAT-2020(Bang)-TP
  • Tax Payer : Kodiak Networks India Pvt Ltd
Foreign Court

FC: Danish SC holds royalty payment as deductible operating cost; Rejects HC's Nil ALP-determination

  • In Favour of Assessee
  • Citation Number : TS-744-FC-2020(DEN)-TP
  • Tax Payer : Adecco A / S
Income tax Appellate Tribunal

ITAT: Accepts assessee’s RPM over TPO’s TNMM as MAM for imports by distributor; Remits issue

  • In Favour of Assessee
  • Citation Number : TS-340-ITAT-2020(DEL)-TP
  • Tax Payer : Topcon Sokkia India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes assessment order framed on non-existent Satyam Computer post Tech-Mahindra merger; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-339-ITAT-2020(Mum)-TP
  • Tax Payer : Satyam Computer Services limited (Now merged with Tech Mahindra ltd.)
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables; Deletes notional interest on outstanding AE-receivables for debt-free company

  • In Favour of Assessee
  • Citation Number : TS-338-ITAT-2020(DEL)-TP
  • Tax Payer : Global Logic India Ltd
Income tax Appellate Tribunal

ITAT:Quashes Shell India's Sec 263-order; Upholds AO's Sec 10A/10B tax holiday grant on voluntary TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-337-ITAT-2020(Mum)-TP
  • Tax Payer : Shell India Markets Private Limited
Income tax Appellate Tribunal

ITAT: Adopts LIBOR+200bps as interest ALP for AE-loan, 0.5% as corporate guarantee ALP; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-336-ITAT-2020(Mum)-TP
  • Tax Payer : Piramal Glass Private Limited (Earlier Known as Piramal Glass Ltd)
Income tax Appellate Tribunal

ITAT:Quashes revisionary jurisdiction against TPO non-reference citing sec.92BA-inapplicability on sales to sister-concern

  • In Favour of Assessee
  • Citation Number : TS-335-ITAT-2020(Ahd)-TP
  • Tax Payer : Ashish Subodhchandra Shah (HUF)
Income tax Appellate Tribunal

ITAT: Quashes assessment as time-barred; Extended Sec 153 time limit inapplicable sans TPO-reference

  • In Favour of Assessee
  • Citation Number : TS-334-ITAT-2020(DEL)-TP
  • Tax Payer : Stefanini India Pvt Ltd (Formerly known as Codex Software Pvt. Ltd