Rulings ( 11966 results )

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Income tax Appellate Tribunal

ITAT:Considers final-order sans draft assessment-order as incurable defect for ‘eligible assessee’ u/s144C

  • In Favour of Assessee
  • Citation Number : TS-17-ITAT-2020(COCH)-TP
  • Tax Payer : Olam Agro India Private Limited
Income tax Appellate Tribunal

ITAT:'Ship management services' qualify as 'incidental activities' under Tonnage-tax scheme; TP-provisions inapplicable

  • In Favour of Assessee
  • Citation Number : TS-16-ITAT-2020(Mum)-TP
  • Tax Payer : Essar Ports Ltd (formerly known as Essar Shipping Ports & Logistics Ltd)
Income tax Appellate Tribunal

ITAT: Rules on comparables for software developer following precedents; Remits working-capital adjustment issue

  • In Favour of Both, Partially
  • Citation Number : TS-15-ITAT-2020(Bang)-TP
  • Tax Payer : Rambus Chip Technologies (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts CUP as MAM for benchmarking stock-broking services considering availability of internal-comparables

  • In Favour of Assessee
  • Citation Number : TS-14-ITAT-2020(Mum)-TP
  • Tax Payer : Elara Securities (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes Pepsico India’s AMP-adjustment; HC appeal doesn’t render earlier Tribunal-order invalid

  • In Favour of Both, Partially
  • Citation Number : TS-13-ITAT-2020(DEL)-TP
  • Tax Payer : PepsiCo India Holdings Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on account of ‘royalty’ shortfall; Rejects royalty charge on AE’s entire sales

  • In Favour of Assessee
  • Citation Number : TS-12-ITAT-2020(Mum)-TP
  • Tax Payer : Zodiac Clothing Company Limited
Income tax Appellate Tribunal

ITAT: Determines corporate guarantee ALP at 0.5%; Rejects assessee’s withdrawal of guarantee plea

  • In Favour of Both, Partially
  • Citation Number : TS-11-ITAT-2020(Mum)-TP
  • Tax Payer : Laqshya Media Limited (Earlier known as Laqshya Media Pvt Ltd)
Income tax Appellate Tribunal

ITAT:Remits outstanding receivables TP-adjustment; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-10-ITAT-2020(Mum)-TP
  • Tax Payer : Tecnimont Private Limited
Income tax Appellate Tribunal

ITAT: Accepts subscriber-base to allocate revenue from pooled channel related services among domestic-AEs

  • In Favour of Assessee
  • Citation Number : TS-8-ITAT-2020(Mum)-TP
  • Tax Payer : Hathway Cable and Datacom Ltd
Income tax Appellate Tribunal

ITAT: Rejects Sec 10B tax holiday on TPO's TP-adjustment amount; Cites Sec. 92C(4) proviso

  • In Favour of Revenue
  • Citation Number : TS-7-ITAT-2020(CHNY)-TP
  • Tax Payer : Wayne Burt Petrochemical Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects exclusion of companies selected in previous year absent change in functional-profiles

  • In Favour of Both, Partially
  • Citation Number : TS-1229-ITAT-2019(Mum)-TP
  • Tax Payer : China First Metallurgical Construction India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in software, ITeS segments; Excludes prior period income from PLI

  • In Favour of Assessee
  • Citation Number : TS-1228-ITAT-2019(COCH)-TP
  • Tax Payer : Allianz Services Private Limited, (formerly known as Allianz Cornhill Information Services Private Limited)
Income tax Appellate Tribunal

ITAT:Disapproves deviation in AO’s final assessment order from draft order, absent DRP-directions

  • In Favour of Both, Partially
  • Citation Number : TS-1226-ITAT-2019(Mum)-TP
  • Tax Payer : SI Group India Limited
Income tax Appellate Tribunal

ITAT:Upholds TP-adjustment on bogus specified domestic transaction; Relies on Marshal Multitrade ruling

  • In Favour of Revenue
  • Citation Number : TS-6-ITAT-2020(Mum)-TP
  • Tax Payer : Imperial Mark Trade (I) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on Samsung India’s AMP-expenses, outstanding AE-receivables & fixed assets sale

  • In Favour of Assessee
  • Citation Number : TS-5-ITAT-2020(DEL)-TP
  • Tax Payer : Samsung India Electronics Pvt Ltd
Income tax Appellate Tribunal

ITAT:Accepts LIBOR+200 bps as arm's length interest rate for AE-loan; Follows Tata Autocomp HC-ruling

  • In Favour of Both, Partially
  • Citation Number : TS-4-ITAT-2020(Mum)-TP
  • Tax Payer : Bombay Rayon Holdings Ltd
Income tax Appellate Tribunal

ITAT:Excludes 5 comparables citing turnover filter failure for software developer; Follows Genesis ruling

  • In Favour of Both, Partially
  • Citation Number : TS-1225-ITAT-2019(Bang)-TP
  • Tax Payer : Analog Devices India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects Sec 10A-deduction restriction absent agreement for earning higher TP-margins; Follows Quick MD ruling

  • In Favour of Assessee
  • Citation Number : TS-1224-ITAT-2019(HYD)-TP
  • Tax Payer : Annapurna Business Solutions
Income tax Appellate Tribunal

ITAT:CIT(A) not empowered to remand matter back to AO; Remits TP-adjustment issue

  • In Favour of Revenue
  • Citation Number : TS-3-ITAT-2020(Mum)-TP
  • Tax Payer : Aeco India Pvt Ltd
High Court

HC:Quashes TPO’s-order passed without issuing notice regarding additional material relied on

  • In Favour of Assessee
  • Citation Number : TS-1223-HC-2019(MAD)-TP
  • Tax Payer : Acme Commodities Pvt Ltd