Rulings ( 11972 results )

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Income tax Appellate Tribunal

ITAT: Restricts TP-adjustment to AE transactions; Deletes ALP-adjustment pertaining to interest receivables

  • In Favour of Assessee
  • Citation Number : TS-540-ITAT-2021(HYD)-TP
  • Tax Payer : Value Momentum Software Services P Ltd
Income tax Appellate Tribunal

ITAT: Quashes CIT's revisionary-jurisdiction given adequate inquiry by AO, order not erroneous or prejudicial to Revenue

  • In Favour of Assessee
  • Citation Number : TS-539-ITAT-2021(Mum)-TP
  • Tax Payer : Reliance Life Sciences Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs benchmarking of royalty on standalone-basis; Accepts receipt of intra-group services basis documentary-evidence

  • In Favour of Both, Partially
  • Citation Number : TS-541-ITAT-2021(PUN)-TP
  • Tax Payer : Johnson Matthey Chemicals India Private Limited
Income tax Appellate Tribunal

ITAT: Grants further stay-extension to Dell International Services India; Assessee not to seek adjournment

  • In Favour of Assessee
  • Citation Number : TS-535-ITAT-2021(Bang)-TP
  • Tax Payer : Dell International Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on royalty, information system services, exports, ECB etc; Follows earlier-orders

  • In Favour of Assessee
  • Citation Number : TS-536-ITAT-2021(Mum)-TP
  • Tax Payer : Firemenich Aromatics (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes guarantee-commission on loan advanced by assessee himself; Deletes interest on outstanding AE-receivables

  • In Favour of Assessee
  • Citation Number : TS-534-ITAT-2021(Mum)-TP
  • Tax Payer : Oracle Financial Services Software Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables applying upper turnover-filter of Rs 200 crores for captive software-developer

  • In Favour of Assessee
  • Citation Number : TS-533-ITAT-2021(Bang)-TP
  • Tax Payer : Galax E Solutions India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on SDT; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-532-ITAT-2021(PAN)-TP
  • Tax Payer : Scorpio Iron Limited
Income tax Appellate Tribunal

ITAT: Denies mark-up on transaction costs; Upholds mark-up for credit rating of AE qua loan-transaction

  • In Favour of Both, Partially
  • Citation Number : TS-531-ITAT-2021(DEL)-TP
  • Tax Payer : Shyam Telecom Ltd
High Court

HC: Treats assessment order in violation of Sec.144C as draft order; Directs DRP for time-bound disposal of objections

  • In Favour of Both, Partially
  • Citation Number : TS-530-HC-2021(DEL)-TP
  • Tax Payer : CRITEO SINGAPORE PTE. LTD.
High Court

HC: Disposes writ/appeal on comparables-selection; ITAT to grant opportunity of being heard to both-parties

  • In Favour of Assessee
  • Citation Number : TS-529-HC-2021(BOM)-TP
  • Tax Payer : Jacob Engineering India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Denies profit-attribution; No business-connection or PE in India for ESPN Star Sports Mauritius

  • In Favour of Assessee
  • Citation Number : TS-528-ITAT-2021(DEL)-TP
  • Tax Payer : ESPN STAR SPORTS MAURITIUS SNC ET COMPAGNIE
Income tax Appellate Tribunal

ITAT: Quashes assessment order passed beyond one month from receiving DRP directions

  • In Favour of Assessee
  • Citation Number : TS-1131-ITAT-2016(DEL)-TP
  • Tax Payer : Fresenius Kabi Oncology Ltd (earlier known as M/s Dabur Pharma Ltd.)
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment on intra group services; Rejects TPO’s NIL ALP determination

  • In Favour of Both, Partially
  • Citation Number : TS-526-ITAT-2021(Bang)-TP
  • Tax Payer : Lifestyle International (P) Limited
Income tax Appellate Tribunal

ITAT: Rejects Eclerx and TCS E-Serve for ITeS captive-service provider; Deletes outstanding AE-receivables TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-527-ITAT-2021(DEL)-TP
  • Tax Payer : CPA Global Support Services India Private Limited
Income tax Appellate Tribunal

ITAT: Stays demand, subject to refund adjustment of 20%, considering favourable precedents

  • In Favour of Assessee
  • Citation Number : TS-1265-ITAT-2020(CHNY)-TP
  • Tax Payer : Virtusa Consulting Services Private Limited
Income tax Appellate Tribunal

ITAT: Grants stay basis prima-facie case, subject to payment/ refund adjustment for 20% of demand

  • In Favour of Assessee
  • Citation Number : TS-525-ITAT-2021(HYD)-TP
  • Tax Payer : Infor (India) Private Limited
Income tax Appellate Tribunal

ITAT: Upholds ALP of interest-free AE-loan at LIBOR+300bps, quotes earlier-order; Acknowledges suo-motu adjustment

  • In Favour of Assessee
  • Citation Number : TS-519-ITAT-2021(Mum)-TP
  • Tax Payer : Air Works India (Engineering) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Eliminates Just Dial as comparable, cites difference in nature of services & business model

  • In Favour of Assessee
  • Citation Number : TS-524-ITAT-2021(PUN)-TP
  • Tax Payer : Garrett Motion Technologies (India) Private Limited
Income tax Appellate Tribunal

ITAT: Upholds assessee's CUP over TPO’s TNMM; Accepts application of customs database, follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-521-ITAT-2021(DEL)-TP
  • Tax Payer : TRL Riceland Pvt. Ltd