Rulings ( 11960 results )

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Income tax Appellate Tribunal

ITAT:Deletes sec.271AA, 271BA penalty absent AE-relationship, existence of international transactions; Follows ruling in own-case

  • In Favour of Assessee
  • Citation Number : TS-173-ITAT-2020(Mum)-TP
  • Tax Payer : Kaybee Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment absent AE-relationship; Follows ruling in own-case rejecting Sec.92A application

  • In Favour of Assessee
  • Citation Number : TS-172-ITAT-2020(Mum)-TP
  • Tax Payer : Kaybee Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds ALP-determination of 'international transaction’ incorrectly reported as ‘SDT' ; Rejects invalid TPO-reference plea

  • In Favour of Both, Partially
  • Citation Number : TS-171-ITAT-2020(PUN)-TP
  • Tax Payer : Extentia Information Technology Pvt Ltd
Income tax Appellate Tribunal

ITAT: Draft assessment order not required absent variation in returned income pre-2020 amendment

  • In Favour of Assessee
  • Citation Number : TS-170-ITAT-2020(Mum)-TP
  • Tax Payer : IPF India Property Cyprus (No.1) Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment on AE-loan; Fixes corporate guarantee ALP at 0.5

  • In Favour of Assessee
  • Citation Number : TS-169-ITAT-2020(Mum)-TP
  • Tax Payer : Godrej Consumer Products Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s deletion of TP-adjustment on royalty payment; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-168-ITAT-2020(Ahd)-TP
  • Tax Payer : Johnson Controls-Hitachi Air Conditioning India Limited [Formerly Known as Hitachi Home & Life Solutions (India) Ltd.]
Income tax Appellate Tribunal

ITAT: Deletes outstanding AE-receivables TP-adjustment since working capital adjustment allowed; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-167-ITAT-2020(DEL)-TP
  • Tax Payer : Orange Business Services India Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables for software developer/ITES provider; Cites functional dissimilarity, diverse activities

  • In Favour of Assessee
  • Citation Number : TS-166-ITAT-2020(Bang)-TP
  • Tax Payer : Software Paradigms Infotech Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses software-developer’s appeal on TP-issues as withdrawn in view of APA resolution

  • In Favour of Assessee
  • Citation Number : TS-165-ITAT-2020(Bang)-TP
  • Tax Payer : JDA Software Private Ltd
Income tax Appellate Tribunal

ITAT:Quashes final assessment order passed sans draft-order in remand proceedings; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-164-ITAT-2020(PUN)-TP
  • Tax Payer : AB Sandvik Coromant
Income tax Appellate Tribunal

ITAT: Remits ALP-determination of corporate service fees; Directs consideration of additional evidence

  • In Favour of Both, Partially
  • Citation Number : TS-163-ITAT-2020(CHNY)-TP
  • Tax Payer : Poclain Hydraulics Pvt Ltd
Supreme Court

SC: Dismisses Revenue's SLP on ‘delayed AE-receivables’ issue for Kusum Healthcare citing low-tax effect

  • In Favour of Assessee
  • Citation Number : TS-162-SC-2020-TP
  • Tax Payer : Kusum Healthcare Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects Sec 92A(1) application on standalone basis sans Sec 92A(2) conditions fulfillment; Distinguishes earlier order

  • In Favour of Assessee
  • Citation Number : TS-161-ITAT-2020(Mum)-TP
  • Tax Payer : Kaybee Pvt Ltd
Income tax Appellate Tribunal

ITAT: Sets aside DRP’s non-speaking order on comparables selection, ALP-determination for contract manufacturer

  • In Favour of Both, Partially
  • Citation Number : TS-160-ITAT-2020(Bang)-TP
  • Tax Payer : TE Connectivity India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds AMP-adjustment deletion absent existence of agreement with AE; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-159-ITAT-2020(Mum)-TP
  • Tax Payer : Kellogg India Private Limited
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s restriction of corporate guarantee ALP to 0.5%; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-158-ITAT-2020(Mum)-TP
  • Tax Payer : Aditya Birla Nuvo Limited
Income tax Appellate Tribunal

ITAT:Appeal non-filing doesn’t tantamount to acceptance of TP-adjustment; Deletes sec.271(1)(c) penalty

  • In Favour of Assessee
  • Citation Number : TS-157-ITAT-2020(DEL)-TP
  • Tax Payer : Honda Trading Corporation India Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal challenging ITAT’s comparables selection absent substantial question of law

  • In Favour of Assessee
  • Citation Number : TS-156-HC-2020(BOM)-TP
  • Tax Payer : Eight Roads Investment Advisors Pvt Ltd (Formerly known as FIL Capital Advisors India Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Rejects Nil-ALP determination for intra-group services sans prescribed method application; Turns down ‘Benefit-test’

  • In Favour of Assessee
  • Citation Number : TS-155-ITAT-2020(Mum)-TP
  • Tax Payer : Millward Brown Market Research Services India Private Limited
Income tax Appellate Tribunal

ITAT: Treats final assessment order u/s. 144C(13) as ‘time-barred’ considering objections before DRP held ‘invalid’

  • In Favour of Assessee
  • Citation Number : TS-154-ITAT-2020(PUN)-TP
  • Tax Payer : TDK Electronics AG (Formerly known as EPCOS AG)