Rulings ( 11972 results )

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Income tax Appellate Tribunal

ITAT: Rejects recharacterization of debentures/CCD as shares; Remits ALP determination

  • In Favour of Both, Partially
  • Citation Number : TS-399-ITAT-2021(PUN)-TP
  • Tax Payer : City Corporation Limited
Income tax Appellate Tribunal

ITAT: Upholds application of internal CUP to benchmark corporate guarantee; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-398-ITAT-2021(Mum)-TP
  • Tax Payer : Greatship (India) Ltd
Income tax Appellate Tribunal

ITAT: Excludes Rubicon Research and GVK Biosciences as comparables for captive R&D service provider

  • In Favour of Assessee
  • Citation Number : TS-397-ITAT-2021(Bang)-TP
  • Tax Payer : Invitrogen Bioservices India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on royalty payments made basis comparison with another controlled transaction, Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-392-ITAT-2021(PUN)-TP
  • Tax Payer : Atlas Copco (India) Limited
Income tax Appellate Tribunal

ITAT: Remits several companies under engineering-design service segment for consideration in light of FAR-analysis

  • In Favour of Both, Partially
  • Citation Number : TS-395-ITAT-2021(Bang)-TP
  • Tax Payer : GE BE Pvt Ltd
Income tax Appellate Tribunal

ITAT: Considering foreign AEs as tested party, restores ALP determination; Follows earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-394-ITAT-2021(Ahd)-TP
  • Tax Payer : Sun Pharmaceuticals Industries Ltd
High Court

HC: Rejects assessee's attempt to challenge a part of Settlement Commission's order; Dismisses writ petition

  • In Favour of Revenue
  • Citation Number : TS-396-HC-2021(MAD)-TP
  • Tax Payer : Orchid Pharma Ltd
Income tax Appellate Tribunal

ITAT: Holds Black Money proceedings against Yashovardhan Birla jurisdictionally defective

  • In Favour of Assessee
  • Citation Number : TS-393-ITAT-2021(Mum)-TP
  • Tax Payer : Yashovardhan Birla
Income tax Appellate Tribunal

ITAT: Following earlier orders, remits ALP-determination w.r.t royalty-payments, management fee

  • In Favour of Both, Partially
  • Citation Number : TS-391-ITAT-2021(PUN)-TP
  • Tax Payer : Carraro India Private Limited
Income tax Appellate Tribunal

ITAT: Restricts TP-adjustment to AE-transaction; Rules on SWD comparables and grants working-capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-390-ITAT-2021(Bang)-TP
  • Tax Payer : EIT Services India Pvt. Ltd. (formerly known as Hewlett Packard Global Soft Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Deletes AMP-adjustment absent agreement between assessee and AE; Accepts RPM as MAM for trading-segment

  • In Favour of Assessee
  • Citation Number : TS-389-ITAT-2021(Mum)-TP
  • Tax Payer : Bristol Myers Squibb India Private Limited
Income tax Appellate Tribunal

ITAT: Applies average of MAP-approved margins for US and UK AE-transactions to other jurisdictions

  • In Favour of Assessee
  • Citation Number : TS-388-ITAT-2021(Bang)-TP
  • Tax Payer : IQVIA RDS (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs DRP to determine MAM by addressing Assessee's objection, pass speaking-order

  • In Favour of Assessee
  • Citation Number : TS-386-ITAT-2021(Bang)-TP
  • Tax Payer : Shindengen India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Interest “payable” not covered under Art.11 of India-Cyprus DTAA; Deletes TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-384-ITAT-2021(DEL)-TP
  • Tax Payer : Mondon Investments Ltd
Income tax Appellate Tribunal

ITAT: Rules on SWD comparables; Grants working-capital adjustment on actual basis

  • In Favour of Assessee
  • Citation Number : TS-385-ITAT-2021(Bang)-TP
  • Tax Payer : EF Information Systems Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on brand development charges; Adjudicates on treatment of royalty, forex loss etc.

  • In Favour of Both, Partially
  • Citation Number : TS-387-ITAT-2021(CHNY)-TP
  • Tax Payer : Hyundai Motor India Ltd
Income tax Appellate Tribunal

ITAT: Finds 18% AE-interest justifiable, compares terms with third party loans and market conditions

  • In Favour of Assessee
  • Citation Number : TS-383-ITAT-2021(JPR)-TP
  • Tax Payer : Ksheer Sagar Developers Pvt Ltd
Income tax Appellate Tribunal

ITAT: Applies India-US MAP margins to non-US AE transactions, applies ITES ruling ratio to SWD

  • In Favour of Both, Partially
  • Citation Number : TS-377-ITAT-2021(Bang)-TP
  • Tax Payer : Dell International Services India Private Limited
Income tax Appellate Tribunal

ITAT: Adjudicates on multiple comparables for SWD and ITeS segments, applies turnover and RPT filters

  • In Favour of Both, Partially
  • Citation Number : TS-382-ITAT-2021(Bang)-TP
  • Tax Payer : Robert Bosch Engineering and Business Solutions Ltd
Income tax Appellate Tribunal

ITAT: Fixes corporate-guarantee ALP at 0.5%; Deletes TP-adjustment on share application money

  • In Favour of Assessee
  • Citation Number : TS-381-ITAT-2021(Mum)-TP
  • Tax Payer : UTV Software Communications Limited