Rulings ( 11961 results )

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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
Income tax Appellate Tribunal

ITAT: Rules on comparables; Directs allocation of common unallocated expenses applying relevant keys

  • In Favour of Assessee
  • Citation Number : TS-71-ITAT-2020(PUN)-TP
  • Tax Payer : John Deere India (P) Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables citing unavailability of data, functional-dissimilarity; Deletes TP-adjustment on royalty

  • In Favour of Assessee
  • Citation Number : TS-70-ITAT-2020(PUN)-TP
  • Tax Payer : Renishaw Metrology Systems Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables for software developer; Upholds TP-adjustment on outstanding AE-receivables

  • In Favour of Both, Partially
  • Citation Number : TS-69-ITAT-2020(Bang)-TP
  • Tax Payer : KBACE Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds TP-adjustment on insurance premium reimbursement; Prohibited payment fails benefit test

  • In Favour of Both, Partially
  • Citation Number : TS-68-ITAT-2020(Ahd)-TP
  • Tax Payer : Tyco Valves & Controls (I) P. Ltd
Income tax Appellate Tribunal

ITAT: Upholds Nil-ALP for management fees reimbursement; Rules on comparables selection for valves-manufacturer

  • In Favour of Both, Partially
  • Citation Number : TS-67-ITAT-2020(Ahd)-TP
  • Tax Payer : Tyco Valves & Controls (I) P Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on shared service charges; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-66-ITAT-2020(Mum)-TP
  • Tax Payer : Abbott Healthcare Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4, remits 4 and upholds exclusion of 2 comparables for software-developer

  • In Favour of Both, Partially
  • Citation Number : TS-64-ITAT-2020(DEL)-TP
  • Tax Payer : Nagarro Software Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rules on comparables-selection for ITes-provider, Excludes 4 companies citing huge intangibles, functional dissimilarity

  • In Favour of Assessee
  • Citation Number : TS-63-ITAT-2020(DEL)-TP
  • Tax Payer : Evalueserve Com Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits comparables selection, risk adjustment for software-services; Allows working-capital adjustment on actuals

  • In Favour of Both, Partially
  • Citation Number : TS-62-ITAT-2020(Bang)-TP
  • Tax Payer : NXP India Private Limited
Income tax Appellate Tribunal

ITAT: Includes Kals Information restricting TPO’s lower turnover-cap to 1 crore for Software Developer

  • In Favour of Both, Partially
  • Citation Number : TS-61-ITAT-2020(DEL)-TP
  • Tax Payer : Aithent Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables citing functional dissimilarity, segmental results unavailability etc. for ITES-provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-60-ITAT-2020(Mum)-TP
  • Tax Payer : Swiss Re Services India Private Ltd
Income tax Appellate Tribunal

ITAT:Rejects interest adjustment post-conversion of loan to share application money; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-59-ITAT-2020(DEL)-TP
  • Tax Payer : Baba Global Ltd
Income tax Appellate Tribunal

ITAT:Remits TP-adjustment on inbound/outbound travel related services for fresh adjudication

  • In Favour of Both, Partially
  • Citation Number : TS-58-ITAT-2020(DEL)-TP
  • Tax Payer : Destination of the Worth (Subcontinent) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on MAM-selection, treatment of subvention income and AMP-adjustment; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-57-ITAT-2020(DEL)-TP
  • Tax Payer : MSD Pharmaceuticals Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes outstanding AE-receivables TP-adjustment for debt free company; Follows Bechtel HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-56-ITAT-2020(DEL)-TP
  • Tax Payer : Avaya India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Allows assessee's MA; Recalls share-application money re-characterisation issue

  • In Favour of Assessee
  • Citation Number : TS-55-ITAT-2020(Mum)-TP
  • Tax Payer : Miranda Tools Pvt Ltd (Earlier known as PMP Auto Components P. Ltd.)
Income tax Appellate Tribunal

ITAT: Rules on comparable-selection for software development service-provider, cites functional-dissimilarity, extra ordinary events

  • In Favour of Both, Partially
  • Citation Number : TS-54-ITAT-2020(Bang)-TP
  • Tax Payer : Zynga Game Network India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits TP-issue for de-novo adjudication citing cryptic DRP-order

  • In Favour of Both, Partially
  • Citation Number : TS-53-ITAT-2020(DEL)-TP
  • Tax Payer : Yutaka Autoparts India Pvt Ltd
Supreme Court

SC:Allows Revenue’s SLP-withdrawal citing low tax effect, against HC-order allowing 5 variation benefit

  • In Favour of Revenue
  • Citation Number : TS-52-SC-2020-TP
  • Tax Payer : UAE Exchange And Financial Service Ltd