Rulings ( 11972 results )

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Income tax Appellate Tribunal

ITAT: Remits capacity underutilization adjustment, treats forex loss as operating; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-416-ITAT-2021(Bang)-TP
  • Tax Payer : Flint Group India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Permits Fidelity Business Services to withdrawal appeal given resolution under MAP

  • In Favour of Assessee
  • Citation Number : TS-417-ITAT-2021(Bang)-TP
  • Tax Payer : Fidelity Business Services India Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal against ITAT order on comparables; Cites low-tax effect

  • In Favour of Assessee
  • Citation Number : TS-418-HC-2021(MAD)-TP
  • Tax Payer : C H Robinson Worldwide Freight India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes Infosys BPO, Cross Domain Solutions for ITeS-provider; Remits working capital plea

  • In Favour of Assessee
  • Citation Number : TS-419-ITAT-2021(Bang)-TP
  • Tax Payer : Global e-Business Operations Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits capacity under-utilization adjustment, highlights TPO's power for collation of comparables' information u/s 133(6)

  • In Favour of Both, Partially
  • Citation Number : TS-414-ITAT-2021(Bang)-TP
  • Tax Payer : Pact Closure Systems (India) Private Limited
Income tax Appellate Tribunal

ITAT: Directs examination of nature of assistance - letter of comfort or corporate guarantee; Remits TP-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-413-ITAT-2021(DEL)-TP
  • Tax Payer : DLF Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment in respect of SDT w.r.t purchase/ sale transaction

  • In Favour of Assessee
  • Citation Number : TS-415-ITAT-2021(Mum)-TP
  • Tax Payer : Jayant Agro Organics Limited
Income tax Appellate Tribunal

ITAT: Quashes Sec. 263 order; Assessment sans TPO reference not erroneous/ prejudicial to Revenue

  • In Favour of Assessee
  • Citation Number : TS-410-ITAT-2021(JODH)-TP
  • Tax Payer : Ravindra Heraeus Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Dismisses assessee's MA seeking rectification of Tribunal order on corporate guarantee

  • In Favour of Revenue
  • Citation Number : TS-411-ITAT-2021(Mum)-TP
  • Tax Payer : Piramal Enterprises Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s cross appeal, deletes TP adjustment on intra-group services

  • In Favour of Both, Partially
  • Citation Number : TS-412-ITAT-2021(DEL)-TP
  • Tax Payer : AT Kearney Ltd
Income tax Appellate Tribunal

ITAT: Quashes three Sec 263 revisionary orders given assessment order not ‘prejudicial to Revenue’

  • In Favour of Assessee
  • Citation Number : TS-405-ITAT-2021(JODH)-TP
  • Tax Payer : Wolkem India Limited
Income tax Appellate Tribunal

ITAT: Deletes royalty ALP adjustment; Disregards TPO’s “benefit-test” application

  • In Favour of Assessee
  • Citation Number : TS-409-ITAT-2021(HYD)-TP
  • Tax Payer : Niehoff of India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes three Sec 263 revisionary orders given assessment order not ‘prejudicial to Revenue’

  • In Favour of Assessee
  • Citation Number : TS-407-ITAT-2021(JODH)-TP
  • Tax Payer : PI Industries Limited
Income tax Appellate Tribunal

ITAT: Quashes three Sec 263 revisionary orders given assessment order not ‘prejudicial to Revenue’

  • In Favour of Assessee
  • Citation Number : TS-406-ITAT-2021(JODH)-TP
  • Tax Payer : Secure Meters Limited
Income tax Appellate Tribunal

ITAT: Deletes penalty u/s 271AA; Retrospective applicability a ‘sufficient cause’ for non-reporting

  • In Favour of Assessee
  • Citation Number : TS-408-ITAT-2021(HYD)-TP
  • Tax Payer : C3i Support Services Private Limited
Income tax Appellate Tribunal

ITAT: Permits assessee’s appeal withdrawal given resolution of TP issues under Unilateral APA

  • In Favour of Assessee
  • Citation Number : TS-404-ITAT-2021(PUN)-TP
  • Tax Payer : Medline Industries India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes Acropetal Technologies, e-Zest Solutions amongst others for software-development service segment

  • In Favour of Assessee
  • Citation Number : TS-402-ITAT-2021(Bang)-TP
  • Tax Payer : Nvidia Graphics Pvt Ltd
Income tax Appellate Tribunal

ITAT: Applies internal TNMM for the purpose of benchmarking SWD segment; Follows earlier-orders

  • In Favour of Both, Partially
  • Citation Number : TS-401-ITAT-2021(HYD)-TP
  • Tax Payer : Palred Technologies Ltd.
Income tax Appellate Tribunal

ITAT: Remits benchmarking of brand royalty in light of BEPS Action Plans 8-10, uses financial benefit touchstone

  • In Favour of Both, Partially
  • Citation Number : TS-403-ITAT-2021(Bang)-TP
  • Tax Payer : Sasken Technologies Ltd
Income tax Appellate Tribunal

ITAT: Quashes assessment order passed on non-existent merged entity as bad-in-law; Follows Maruti Suzuki ruling

  • In Favour of Assessee
  • Citation Number : TS-400-ITAT-2021(PUN)-TP
  • Tax Payer : Garrett Motion Technologies (India) Private Limited