Rulings ( 11960 results )

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Income tax Appellate Tribunal

ITAT:Excludes L&T Infotech, Persistent Systems as comparables for software developer; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-91-ITAT-2020(Bang)-TP
  • Tax Payer : Synamedia India Pvt Ltd (formerly known as Cisco Video Technologies India Pvt Ltd)
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on intra-group services considering actual service rendition; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-90-ITAT-2020(DEL)-TP
  • Tax Payer : GBT India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 6, remits 4 and includes 1 comparable for software development service provider

  • In Favour of Both, Partially
  • Citation Number : TS-89-ITAT-2020(Bang)-TP
  • Tax Payer : Microsoft Research Lab India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in software development, ITES segments; Remits working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-88-ITAT-2020(Bang)-TP
  • Tax Payer : Citrix R&D India Private Ltd
Income tax Appellate Tribunal

ITAT: Applies MAP mark-up with Australian-AEs representing 90.53% of turnover to non-Australian AEs

  • In Favour of Revenue
  • Citation Number : TS-87-ITAT-2020(Bang)-TP
  • Tax Payer : ANZ Support Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds customs duty adjustment to Indian tested party’s margin while benchmarking imports

  • In Favour of Assessee
  • Citation Number : TS-86-ITAT-2020(DEL)-TP
  • Tax Payer : Swatch Group [India[ Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits applicability of MAP-agreed margin to transactions with non-MAP entities; Follows Global e-Business ruling

  • In Favour of Both, Partially
  • Citation Number : TS-85-ITAT-2020(Bang)-TP
  • Tax Payer : Oracle Solutions Services (India) Pvt Ltd
High Court

HC:Admits appeal against treatment of Reliance’s non-funded corporate guarantee as international transaction

  • In Favour of Both, Partially
  • Citation Number : TS-84-HC-2020(BOM)-TP
  • Tax Payer : Reliance Industries Ltd
High Court

HC:Admits appeal against treatment of non-funded 'corporate guarantee” as international transaction

  • In Favour of Both, Partially
  • Citation Number : TS-83-HC-2020(BOM)-TP
  • Tax Payer : Reliance Industries Ltd
High Court

HC: Admits Revenue’s appeal against assessee’s aggregation of commission transactions under TNMM

  • In Favour of Both, Partially
  • Citation Number : TS-82-HC-2020(BOM)-TP
  • Tax Payer : Bobst India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on intra-group services, brokerage income; Rules on comparables for institutional equity broker

  • In Favour of Assessee
  • Citation Number : TS-81-ITAT-2020(Mum)-TP
  • Tax Payer : CLSA India P. Ltd., (Formerly CLS India Ltd)
Income tax Appellate Tribunal

ITAT: Upholds TPO's LIBOR+bps for benchmarking AE-loan; Remits outstanding AE-receivables TP-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-80-ITAT-2020(HYD)-TP
  • Tax Payer : GSS Infotech Ltd
Income tax Appellate Tribunal

ITAT: Treats assessee's support services as international transaction rejecting 'shareholder function' stand

  • In Favour of Assessee
  • Citation Number : TS-79-ITAT-2020(Mum)-TP
  • Tax Payer : AGC Networks Limited
Income tax Appellate Tribunal

ITAT: Denies ‘pass-through’ status for sub-contracting charges of captive service-provider; Rules on comparables

  • In Favour of Both, Partially
  • Citation Number : TS-78-ITAT-2020(Bang)-TP
  • Tax Payer : Applied Materials India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes AMP adjustment for L’Oreal India under manufacturing & distribution segments; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-77-ITAT-2020(Mum)-TP
  • Tax Payer : L’Oreal India Private Limited
Income tax Appellate Tribunal

ITAT: Remits un-adjudicated issue of restricting TP-adjustment to international AE-transactions; Follows earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-76-ITAT-2020(DEL)-TP
  • Tax Payer : Carrier Air-Conditioning and Refrigeration Ltd
Income tax Appellate Tribunal

ITAT: Holds share-application money pending allotment as international-transaction; Rejects foreign-AE as tested party

  • In Favour of Both, Partially
  • Citation Number : TS-75-ITAT-2020(Bang)-TP
  • Tax Payer : IZMO Ltd [formerly Logix Microsystems Ltd]
Income tax Appellate Tribunal

ITAT: Adopts aggregate benchmarking for Nokia’s technical & warranty support segments; Follows APA-approach

  • In Favour of Assessee
  • Citation Number : TS-74-ITAT-2020(DEL)-TP
  • Tax Payer : Nokia Solutions and Networks India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Confirms TP- adjustment on commission for non-fund based limits utilized by AE

  • In Favour of Revenue
  • Citation Number : TS-73-ITAT-2020(Bang)-TP
  • Tax Payer : GMR Infrastructure Limited
Income tax Appellate Tribunal

ITAT: Rejects TPO’s ALP-determination of asset purchase; Directs adjustment towards difference in depreciation

  • In Favour of Both, Partially
  • Citation Number : TS-72-ITAT-2020(PUN)-TP
  • Tax Payer : Tata BlueScope Steel Ltd