Rulings ( 11972 results )

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Income tax Appellate Tribunal

ITAT: Remits TP-adjustment w.r.t purchase of formulations made on account of difference in ALP

  • In Favour of Both, Partially
  • Citation Number : TS-399-ITAT-2013(DEL)-TP
  • Tax Payer : Eli Lilly & Co (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar companies for captive software service provider; follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-577-ITAT-2021(Bang)-TP
  • Tax Payer : LG Soft India P. Ltd
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar KPO companies for ITES provider; Holds foreign exchange fluctuation as ‘operating’

  • In Favour of Assessee
  • Citation Number : TS-579-ITAT-2021(DEL)-TP
  • Tax Payer : Future First Info. Services Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Restores Timex’s AMP-adjustment, directs consistency with SC's directions on pending matters

  • In Favour of Both, Partially
  • Citation Number : TS-578-ITAT-2021(DEL)-TP
  • Tax Payer : Timex Group India Limited
High Court

HC: Draft assessment order mandatory even for remand cases, issue no more res-integra

  • In Favour of Assessee
  • Citation Number : TS-576-HC-2021(KAR)-TP
  • Tax Payer : Cisco Systems Capital (India) Pvt.Ltd.
Income tax Appellate Tribunal

ITAT: Deletes twin TP-adjustment on payment of export commission and export royalty; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-575-ITAT-2021(DEL)-TP
  • Tax Payer : Honda Motorcycle and Scooter India Private Limited
Income tax Appellate Tribunal

ITAT: Rejects aggregated TNMM approach for royalty, directs application of external-CUP; rules on various IGS

  • In Favour of Both, Partially
  • Citation Number : TS-574-ITAT-2021(DEL)-TP
  • Tax Payer : Johnson Matthey India P. Ltd
Income tax Appellate Tribunal

ITAT: Allows functional, marketing, competition related adjustments to non-AE sales-price for computing ALP under CUP

  • In Favour of Assessee
  • Citation Number : TS-573-ITAT-2021(Mum)-TP
  • Tax Payer : FDC Limited
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar comparables, Upholds unobjected margin qua 1st round of appellate proceedings

  • In Favour of Both, Partially
  • Citation Number : TS-571-ITAT-2021(DEL)-TP
  • Tax Payer : Fiserv CE Private Limited
Income tax Appellate Tribunal

ITAT: Adjudicates on IT & ITES comparables; Remits issues wrt working-capital adjustment and provisions written-back

  • In Favour of Both, Partially
  • Citation Number : TS-569-ITAT-2021(Bang)-TP
  • Tax Payer : First Advantage Global Operating Centre Pvt Ltd (Formerly known as First Advantage Offshore Services Pvt. Ltd.,)
Income tax Appellate Tribunal

ITAT: Remits assessee’s functional characterization and TP-adjustment on receivables, follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-570-ITAT-2021(DEL)-TP
  • Tax Payer : Dassault Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits grant of negative working capital adjustment, rules on comparables for SWD segment; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-572-ITAT-2021(Bang)-TP
  • Tax Payer : Aptean India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Upholds TP adjustment on management fees for lack of relevant documentary evidence

  • In Favour of Revenue
  • Citation Number : TS-566-ITAT-2021(CHNY)-TP
  • Tax Payer : Lite-on Mobile India Pvt.Ltd
Income tax Appellate Tribunal

ITAT: Rejects comparison with Infosys BPM, Dun & Bradstreet while remits Nihilent Analytics over mapping segment

  • In Favour of Both, Partially
  • Citation Number : TS-567-ITAT-2021(DEL)-TP
  • Tax Payer : Cowi India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Allows MA over non-service of Revenue's written submission due to COVID restrictions

  • In Favour of Assessee
  • Citation Number : TS-568-ITAT-2021(Mum)-TP
  • Tax Payer : CLSA India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes royalty-adjustment under CUP basis another controlled-transaction, Rejects method not covered u/s 92CA for sales-commission

  • In Favour of Assessee
  • Citation Number : TS-565-ITAT-2021(PUN)-TP
  • Tax Payer : Atlas Copco (India) Limited
Income tax Appellate Tribunal

ITAT: Remits ALP-computation basis margins for years held to be comparable, consideration of working-capital adjustment, etc

  • In Favour of Both, Partially
  • Citation Number : TS-561-ITAT-2021(Bang)-TP
  • Tax Payer : Barracuda Networks India Private Limited
Income tax Appellate Tribunal

ITAT: Rejects functionally dissimilar companies for Business support segment, remits incorrect margin computation

  • In Favour of Both, Partially
  • Citation Number : TS-564-ITAT-2021(DEL)-TP
  • Tax Payer : Qualcomm India Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Treats forex gain as operating; Deletes TP-adjustment on interest on AE receivables

  • In Favour of Assessee
  • Citation Number : TS-559-ITAT-2021(DEL)-TP
  • Tax Payer : Convergys India Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Applies turnover filter for excluding 6 comparables, remits TP-adjustment for interest on AE-receivables

  • In Favour of Both, Partially
  • Citation Number : TS-560-ITAT-2021(Bang)-TP
  • Tax Payer : Xchanging Solutions Ltd