Rulings ( 11960 results )

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Income tax Appellate Tribunal

ITAT: AO’s corporate guarantee TP-adjustment absent TPO-reference invalid, remits issue; Follows SG Asia SC-ruling

  • In Favour of Both, Partially
  • Citation Number : TS-317-ITAT-2020(DEL)-TP
  • Tax Payer : New Delhi Television Ltd
Income tax Appellate Tribunal

ITAT: Deletes 400+cr AMP-adjustment for Reckitt Benckiser India absent obligation to promote AE-brands

  • In Favour of Both, Partially
  • Citation Number : TS-316-ITAT-2020(Kol)-TP
  • Tax Payer : Reckitt Benckiser (I) Pvt Ltd
Foreign Court

FC: US Tax Court taxes Whirlpool's Luxembourg-CFC sales income earned under Mexican Maquiladora structure

  • In Favour of Revenue
  • Citation Number : TS-740-FC-2020(USA)-TP
  • Tax Payer : Whirlpool Financial Corporation & Consolidated Subsidiaries
Foreign Court

FC: Danish HC allows discretionary TP-adjustment citing assessee's unsubstantiated deficit and defective TP-documentation

  • In Favour of Revenue
  • Citation Number : TS-739-FC-2020(DEN)-TP
  • Tax Payer : H1 A / S
Income tax Appellate Tribunal

ITAT: Rejects negative working capital adjustment for captive software developer; Follows Adaptech ruling

  • In Favour of Assessee
  • Citation Number : TS-315-ITAT-2020(Bang)-TP
  • Tax Payer : Tivo Tech Private Limited [Formerly Veveo (India) Pvt. Ltd.]
Income tax Appellate Tribunal

ITAT: Deletes Gillette's AMP-adjustment; Commercial expediency not Revenue's realm, remits royalty TP-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-314-ITAT-2020(JPR)-TP
  • Tax Payer : Gillette India Ltd
High Court

HC: Dismisses Revenue’s appeal against ITAT-order on comparables; Follows Softbrands, Eight Roads Investment rulings

  • In Favour of Assessee
  • Citation Number : TS-313-HC-2020(BOM)-TP
  • Tax Payer : AGM India Advisors Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects Revenue’s miscellaneous petition against ITAT-order restoring TP-issue to DRP instead of AO

  • In Favour of Revenue
  • Citation Number : TS-312-ITAT-2020(Bang)-TP
  • Tax Payer : Wevin Pvt. Ltd
Income tax Appellate Tribunal

ITAT:Accepts assessee’s withdrawal of TP-appeal absent Revenue's objection

  • In Favour of Assessee
  • Citation Number : TS-311-ITAT-2020(CHNY)-TP
  • Tax Payer : Madura Coats Private Limited
Income tax Appellate Tribunal

ITAT: Admits assessee’s additional evidence, remits working-capital adjustment; Excludes 2 comparables

  • In Favour of Assessee
  • Citation Number : TS-310-ITAT-2020(Kol)-TP
  • Tax Payer : Linde Global Support Services Private Limited
High Court

HC:Confirms TP-adjustment deletion sans evidence of assessee’s service provision for AE’s Indian contract

  • In Favour of Assessee
  • Citation Number : TS-309-HC-2020(BOM)-TP
  • Tax Payer : Solar Turbines India P. Ltd
Income tax Appellate Tribunal

ITAT: Admits assessee's additional ground on comparable-selection; Distinguishes Softbrands, Begum Noor Banu HC-rulings

  • In Favour of Assessee
  • Citation Number : TS-308-ITAT-2020(HYD)-TP
  • Tax Payer : United Online Software Development (India) Private Limited
Foreign Court

FC: Polish Court: Allows intra-group services cost finding'functional relationship' with service remuneration

  • In Favour of Assessee
  • Citation Number : TS-731-FC-2020-TP
  • Tax Payer : X Company
Income tax Appellate Tribunal

ITAT: Holds assessment on non-existent entity post amalgamation unsustainable, non-curable u/s. 292B

  • In Favour of Assessee
  • Citation Number : TS-307-ITAT-2020(Ahd)-TP
  • Tax Payer : Intas Lifesciences Erstwhile known as Intas Pharmaceuticals Since merged with Intas Pharmaceuticals Ltd
Income tax Appellate Tribunal

ITAT: Remits capacity-utilisation adjustment, directs TPO to seek information u/s. 133(6); Follows IKA India ruling

  • In Favour of Assessee
  • Citation Number : TS-306-ITAT-2020(Bang)-TP
  • Tax Payer : Essentra (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rules on comparables selection; Excludes TP-addition from book profits computation u/s 115JB

  • In Favour of Assessee
  • Citation Number : TS-305-ITAT-2020(DEL)-TP
  • Tax Payer : Bergen Engines India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 6 comparables for ITeS-provider, cites extraordinary events, functional dissimilarity, data unavailability

  • In Favour of Both, Partially
  • Citation Number : TS-304-ITAT-2020(DEL)-TP
  • Tax Payer : NTT DATA Global Delivery Services Ltd (Formerly Keane Worldzen India Pvt Ltd)
Income tax Appellate Tribunal

ITAT:Remits issue of restricting TP-adjustment to international transactions; Cites DRP’s cryptic order

  • In Favour of Assessee
  • Citation Number : TS-303-ITAT-2020(Bang)-TP
  • Tax Payer : GE Power Electronics India Private Ltd
Income tax Appellate Tribunal

ITAT:Confirms Chapter-X applicability to interest free AE-loans, rejecting assessee’s ‘income’ non-existence plea

  • In Favour of Assessee
  • Citation Number : TS-302-ITAT-2020(Bang)-TP
  • Tax Payer : United Spirits Limited
Income tax Appellate Tribunal

ITAT: Excludes Infosys Technologies for software-developer; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-301-ITAT-2020(DEL)-TP
  • Tax Payer : Giesecke & Devrient India Pvt Ltd