Rulings ( 11972 results )

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Income tax Appellate Tribunal

ITAT: Occurrence of extra-ordinary event a valid reason for excluding a comparable; Remits ALP determination

  • In Favour of Assessee
  • Citation Number : TS-439-ITAT-2021(PUN)-TP
  • Tax Payer : Optiva India Technologies Private Limited
Income tax Appellate Tribunal

ITAT: Remits ALP-determination w.r.t trademark license-fees after fresh verification of evidence filed by assessee

  • In Favour of Both, Partially
  • Citation Number : TS-437-ITAT-2021(PUN)-TP
  • Tax Payer : TRUMPF India Private Limited
Income tax Appellate Tribunal

ITAT: Adjudicates on negative working capital adjustment, treatment of forex and selection of comparables

  • In Favour of Both, Partially
  • Citation Number : TS-435-ITAT-2021(Bang)-TP
  • Tax Payer : CISCO Systems BV India Branch
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment on SDT transactions for transfer of electric power and steam

  • In Favour of Assessee
  • Citation Number : TS-438-ITAT-2021(DEL)-TP
  • Tax Payer : Nectar Lifesciences Ltd
High Court

HC: Sets aside assessment order passed sans DRP direction; Revenue regards Covid induced limitation extension

  • In Favour of Assessee
  • Citation Number : TS-436-HC-2021(MAD)-TP
  • Tax Payer : Ford India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Adjudicates on CIT(A)'s power, assessee's characterisation, comparables selection & more!

  • In Favour of Both, Partially
  • Citation Number : TS-433-ITAT-2021(Mum)-TP
  • Tax Payer : Mindcrest (India) Pvt Ltd.
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on AE interest receivable; Rejects notional treatment of capital infusion as loan

  • In Favour of Assessee
  • Citation Number : TS-434-ITAT-2021(DEL)-TP
  • Tax Payer : Jaypee Capital Services Ltd
High Court

HC: Emphasises AO's reassessment-powers even in absence of final assessment-order; Stresses on "object" of re-opening

  • In Favour of Revenue
  • Citation Number : TS-432-HC-2021(MAD)-TP
  • Tax Payer : Kone Elevator India Private Limited
Income tax Appellate Tribunal

ITAT: DRP cannot condone delays in filing objections; Consequent appeal lies before CIT(A), not ITAT

  • In Favour of Revenue
  • Citation Number : TS-431-ITAT-2021(Bang)-TP
  • Tax Payer : Lam Research (India) Private Limited
Income tax Appellate Tribunal

ITAT: Allows assessee's Miscellaneous Application; acknowledges inadvertent missing out of comparable

  • In Favour of Assessee
  • Citation Number : TS-430-ITAT-2021(Bang)-TP
  • Tax Payer : Acuity Knowledge Center (India) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on interest on delayed AE-receivables; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-429-ITAT-2021(DEL)-TP
  • Tax Payer : American Express (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Characterizes assessee as risk mitigated contract service provider; Rejects negative working-capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-428-ITAT-2021(Bang)-TP
  • Tax Payer : Marlabs Innovations Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adjudicates on comparables, risk adjustment, working capital adjustment and more

  • In Favour of Assessee
  • Citation Number : TS-427-ITAT-2021(DEL)-TP
  • Tax Payer : Corning Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment on brand development charges; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-426-ITAT-2021(CHNY)-TP
  • Tax Payer : Hyundai Motor India Limited
Income tax Appellate Tribunal

ITAT: Following precedents, excludes comparables for ITES & SWD segment; Treats forex fluctuations as operating

  • In Favour of Assessee
  • Citation Number : TS-425-ITAT-2021(Bang)-TP
  • Tax Payer : Lam Research (India) Private Limited
Income tax Appellate Tribunal

ITAT: Applies India-US MAP margin for non-US AE-transactions for ITeS provider

  • In Favour of Assessee
  • Citation Number : TS-424-ITAT-2021(Bang)-TP
  • Tax Payer : IHS Global P. Ltd, (formerly IHS Parts Management P. Ltd)
Income tax Appellate Tribunal

ITAT: No revisionary powers against void final assessment order passed sans draft order

  • In Favour of Assessee
  • Citation Number : TS-422-ITAT-2021(Kol)-TP
  • Tax Payer : Mohan Jute Bags Mfg. Co
High Court

HC: Dismisses Revenue’s appeals against comparables' exclusion; Finds no substantial question of law

  • In Favour of Assessee
  • Citation Number : TS-423-HC-2021(DEL)-TP
  • Tax Payer : Freescale Semiconductor India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes Sec.263-order; Mismatch in amount paid to related-persons u/s.40A(2)(b) doesn’t warrant TPO-reference

  • In Favour of Assessee
  • Citation Number : TS-421-ITAT-2021(Bang)-TP
  • Tax Payer : Origami Cellulo Pvt Ltd
Income tax Appellate Tribunal

ITAT: Treats forex gain as operating in nature; Excludes 6 comparables for ITeS-provider

  • In Favour of Assessee
  • Citation Number : TS-420-ITAT-2021(Mum)-TP
  • Tax Payer : Tech Mahindra Business Services Limited