Rulings ( 11972 results )

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Income tax Appellate Tribunal

ITAT: Rejects aggregation of AE and non-AE transactions; Rejects negative working-capital adjustment plea

  • In Favour of Both, Partially
  • Citation Number : TS-460-ITAT-2021(Bang)-TP
  • Tax Payer : Ametek Instruments India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules in Hyundai Motor’s favour; Grants further three months' stay extension

  • In Favour of Assessee
  • Citation Number : TS-462-ITAT-2021(CHNY)-TP
  • Tax Payer : Hyundai Motor India Ltd
Income tax Appellate Tribunal

ITAT: Grants further stay to Hyundai Motor considering 28% of demand already paid

  • In Favour of Assessee
  • Citation Number : TS-461-ITAT-2021-TP
  • Tax Payer : Hyundai Motor India Engineering Private Limited
High Court

HC: Quashes reassessment-notice based on change of opinion; Highlights AO's conscious-decision to not examine-ALP

  • In Favour of Assessee
  • Citation Number : TS-457-HC-2021(GUJ)-TP
  • Tax Payer : JRS PHARMA AND GUJARAT MICROWAX PRIVATE LIMITED
Income tax Appellate Tribunal

ITAT: Allows assesssee’s ground wrt AMP-adjustment; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-455-ITAT-2021(Bang)-TP
  • Tax Payer : Kontoor Brands India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment w.r.t royalty, commission and interest on outstanding receivables

  • In Favour of Assessee
  • Citation Number : TS-452-ITAT-2021(DEL)-TP
  • Tax Payer : COIM India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables for software developer; Directs adoption of correct margin for others

  • In Favour of Assessee
  • Citation Number : TS-456-ITAT-2021(Bang)-TP
  • Tax Payer : OLF (India) Software Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adjudicates on various TP grounds for Viacom 18 Media; Follows past orders and precedents

  • In Favour of Both, Partially
  • Citation Number : TS-454-ITAT-2021(Mum)-TP
  • Tax Payer : Viacom 18 Media Pvt Ltd (formerly M/s. MTV Network India Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Permits withdrawal of Microsoft India's appeal on TP grounds in view of APA-resolution

  • In Favour of Assessee
  • Citation Number : TS-453-ITAT-2021(DEL)-TP
  • Tax Payer : Microsoft India (R&D) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Unilateral AMP expenditure not an international transaction; Relies on Maruti Suzuki over Sony Ericsson

  • In Favour of Assessee
  • Citation Number : TS-451-ITAT-2021(DEL)-TP
  • Tax Payer : Perfetti Van Melle India Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on royalty-payments and export of finished-goods to AE; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-450-ITAT-2021(Ahd)-TP
  • Tax Payer : Inductotherm (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Restricts guarantee-commission ALP @ 0.875%; Deletes TP-adjustment on AE interest-receivables

  • In Favour of Both, Partially
  • Citation Number : TS-449-ITAT-2021(HYD)-TP
  • Tax Payer : Synergies Castings Limited
Income tax Appellate Tribunal

ITAT: Restores TP-adjustments for ECB interest-paid, AE-interest receivable; Directs closure within three effective hearings

  • In Favour of Both, Partially
  • Citation Number : TS-447-ITAT-2021(HYD)-TP
  • Tax Payer : Progress Software Development Private Limited
Income tax Appellate Tribunal

ITAT: Restores TP-adjustment for management support services for document examination; Directs AO to follow earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-448-ITAT-2021(Mum)-TP
  • Tax Payer : Megger India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Restores comparability of 10 companies; Treats depreciation as operating & sale of tools as non-operating

  • In Favour of Both, Partially
  • Citation Number : TS-446-ITAT-2021(DEL)-TP
  • Tax Payer : FMI Automotive Components Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Grants further stay-extension of 3 months; Delay in appeal-disposal not attributable to assessee

  • In Favour of Assessee
  • Citation Number : TS-443-ITAT-2021(CHNY)-TP
  • Tax Payer : Hyundai Motor India Limited
Income tax Appellate Tribunal

ITAT: Confirms CIT(A)’s decision determining ALP of corporate-guarantee fee at 0.5%; Applies rule of consistency

  • In Favour of Assessee
  • Citation Number : TS-444-ITAT-2021(Mum)-TP
  • Tax Payer : Network 18 Media & Investment Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s-MP, Treats provision for bad and doubtful debts as operating in nature

  • In Favour of Assessee
  • Citation Number : TS-445-ITAT-2021(Bang)-TP
  • Tax Payer : Evolving Systems Networks India Pvt Ltd
Supreme Court

SC: Considering “near normal” situation, reverts to earlier order on limitation w.e.f. October 3

  • In Favour of None/NA
  • Citation Number : TS-442-SC-2021-TP
  • Tax Payer : In Re Cognizance For Extension Of Limitation
Income tax Appellate Tribunal

ITAT: No further profit attribution to alleged-PE if Indian-AE remunerated at ALP

  • In Favour of Assessee
  • Citation Number : TS-440-ITAT-2021(Mum)-TP
  • Tax Payer : Mobileum Inc