Rulings ( 11972 results )

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Income tax Appellate Tribunal

ITAT: Rules on comparables for software development segment; Remits 10 & Excludes 2 comparables

  • In Favour of Both, Partially
  • Citation Number : TS-523-ITAT-2021(Bang)-TP
  • Tax Payer : Arista Networks India Private Limited
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)'s LIBOR+5% rate for AE loans; Rules on comparables for SWD, manufacturing activity & more!

  • In Favour of Both, Partially
  • Citation Number : TS-520-ITAT-2021(DEL)-TP
  • Tax Payer : Omaxe Ltd
Income tax Appellate Tribunal

ITAT: Companies having export-turnover functionally dissimilar to ones operating in domestic-market; Remits ALP determination

  • In Favour of Assessee
  • Citation Number : TS-522-ITAT-2021(DEL)-TP
  • Tax Payer : BWI Automotive Technologies Pvt Ltd
High Court

HC: Cannot consider one-sided benefit for TP-adjustment on delayed AE receivables; Dismisses Revenue’s appeal

  • In Favour of Assessee
  • Citation Number : TS-518-HC-2021(DEL)-TP
  • Tax Payer : Mckinsey Knowledge Centre India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects use of international CUP for benchmarking purchase transactions qua India, cites geographical differences

  • In Favour of Both, Partially
  • Citation Number : TS-517-ITAT-2021(PUN)-TP
  • Tax Payer : Mubea Automotive India Private Limited (known as Mubea Automotive Components India Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Remits AMP-adjustment for establishing existence of international-transaction, separation from royalty-payment; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-513-ITAT-2021(Bang)-TP
  • Tax Payer : Kontoor Brands India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment on intra-group services and interest on AE receivables

  • In Favour of Assessee
  • Citation Number : TS-514-ITAT-2021(DEL)-TP
  • Tax Payer : Avery Dennison (India) P Ltd
Income tax Appellate Tribunal

ITAT: Upholds TP-adjustment on sale of land to AE; Grants 90-day grace before charging interest

  • In Favour of Both, Partially
  • Citation Number : TS-515-ITAT-2021(Mum)-TP
  • Tax Payer : Baker Hughes Oilfield Services India P. Ltd
Income tax Appellate Tribunal

ITAT: Upholds revisionary proceedings; Assessment order passed without TPO's report despite TP reference

  • In Favour of Revenue
  • Citation Number : TS-512-ITAT-2021(DEL)-TP
  • Tax Payer : JNS Instruments Ltd
Income tax Appellate Tribunal

ITAT: Upholds non-applicability of Sec 271(G) penalty; TP documents furnished immediately after second notice

  • In Favour of Assessee
  • Citation Number : TS-510-ITAT-2021(DEL)-TP
  • Tax Payer : WIPRO GE Health Care Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Deletes Sec.271J penalty; Assessee not an ‘accountant’, ‘merchant banker’ or ‘registered valuer’

  • In Favour of Assessee
  • Citation Number : TS-509-ITAT-2021(DEL)-TP
  • Tax Payer : Danfoss Power Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants further stay extension of 6 months to Google India; Follows Pepsi Foods

  • In Favour of Assessee
  • Citation Number : TS-507-ITAT-2021(Bang)-TP
  • Tax Payer : Google India Private Limited
Income tax Appellate Tribunal

ITAT: Applying Autodesk ruling, excludes 6 comparables for software development segment; Restores TP adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-511-ITAT-2021(Bang)-TP
  • Tax Payer : Biesse Manufacturing Company Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on SDT covered under erstwhile Sec 92BA(i); Directs examination u/s 40A(2)

  • In Favour of Assessee
  • Citation Number : TS-508-ITAT-2021(Bang)-TP
  • Tax Payer : Cauvery Aqua Private Limited
Income tax Appellate Tribunal

ITAT: Upholds re-classification of pass-through costs as intra-group services; Real-intention of documents submitted relevant

  • In Favour of Both, Partially
  • Citation Number : TS-506-ITAT-2021(Bang)-TP
  • Tax Payer : Parexel International (India) Private Limited
Income tax Appellate Tribunal

ITAT: Sets aside non-speaking order deleting Sec.271(1)(c) penalty, directs deliberation on SC-ruling applicability

  • In Favour of Revenue
  • Citation Number : TS-503-ITAT-2021(Mum)-TP
  • Tax Payer : Royal Star Jewellery Private Ltd.
Income tax Appellate Tribunal

ITAT: Grants permission for assessee’s withdrawal of TP appeal absent Revenue's objection

  • In Favour of Assessee
  • Citation Number : TS-504-ITAT-2021(Mum)-TP
  • Tax Payer : MWH India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants over Rs 2,500 crore demand stay to Samsung India Electronics; Considers prima-facie TP-case

  • In Favour of Assessee
  • Citation Number : TS-502-ITAT-2021(DEL)-TP
  • Tax Payer : Samsung India Electronics Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Rejects Revenue’s appeal alleging excessive royalty-payment, relies on ChrysCapital Investment HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-505-ITAT-2021(DEL)-TP
  • Tax Payer : Amway India Enterprises Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds foreign taxes not allowable deduction u/s 37(1); Rules on comparables selection in SWD, ITeS

  • In Favour of Both, Partially
  • Citation Number : TS-499-ITAT-2021(HYD)-TP
  • Tax Payer : Infor (India) Private Limited