Rulings ( 11975 results )

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Income tax Appellate Tribunal

ITAT:Holds depreciation as operating-expense for R&D segment considering interlink with manufacturing segment

  • In Favour of Both, Partially
  • Citation Number : TS-506-ITAT-2020(Bang)-TP
  • Tax Payer : Sigma Aldrich Chemicals Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes selling & distribution expenses and AE-grant from AMP expenses; Restricts TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-505-ITAT-2020(DEL)-TP
  • Tax Payer : Haier Appliances India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on management and license-fee payments citing higher margins than comparables under TNMM

  • In Favour of Assessee
  • Citation Number : TS-504-ITAT-2020(Bang)-TP
  • Tax Payer : Adcock Ingram Limited
Income tax Appellate Tribunal

ITAT: No mark-up warranted on 'pass-through costs' sans value addition; Deletes TP-adjustment on reimbursements

  • In Favour of Assessee
  • Citation Number : TS-503-ITAT-2020(DEL)-TP
  • Tax Payer : Vedanta Ltd
Income tax Appellate Tribunal

ITAT:AMP-expenditure not international transaction, deletes TP-adjustment for manufacturer cum distributor; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-502-ITAT-2020(Mum)-TP
  • Tax Payer : Mattel Toys (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes Infosys, ‘company-size’ matters for comparability; Holds goodwill- amortization as non-operating in nature

  • In Favour of Assessee
  • Citation Number : TS-500-ITAT-2020(Mum)-TP
  • Tax Payer : Symantec Software Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes Excel Infoways for IT & quality assurance/ support services provider; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-499-ITAT-2020(Mum)-TP
  • Tax Payer : M Model Global Services Pvt Ltd (Known as Aquity Solutions India Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Rejects Sec 10A-deduction denial treating assessee as 'call-center', contrary to TPO's classification as ITES-provider

  • In Favour of Assessee
  • Citation Number : TS-498-ITAT-2020(DEL)-TP
  • Tax Payer : Midland Credit Management India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Accepts assessee’s RPM for distribution segment; Rules on comparables for ITeS segment

  • In Favour of Assessee
  • Citation Number : TS-497-ITAT-2020(Bang)-TP
  • Tax Payer : Element 14 India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables following own-orders for earlier years absent challenge before higher forum

  • In Favour of Assessee
  • Citation Number : TS-496-ITAT-2020(DEL)-TP
  • Tax Payer : GE India Business Services Private Limited
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on RBI approved royalty payment; Excludes Govt. undertaking as comparable

  • In Favour of Assessee
  • Citation Number : TS-495-ITAT-2020(Mum)-TP
  • Tax Payer : Thyssenkrupp Industries India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts assessee's CUP over TPO’s TNMM for benchmarking consultancy services

  • In Favour of Assessee
  • Citation Number : TS-494-ITAT-2020(DEL)-TP
  • Tax Payer : Towers Watson India Ltd
Income tax Appellate Tribunal

ITAT: Holds corporate-guarantee an international-transaction; Limits commission to extent of facility actually availed

  • In Favour of Both, Partially
  • Citation Number : TS-493-ITAT-2020(Mum)-TP
  • Tax Payer : Associated Capsules Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes companies engaged in merchant banking, marketing/distribution activities for investment-advisor; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-492-ITAT-2020(Mum)-TP
  • Tax Payer : Goldman Sachs Asset Management (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts comparable prices from TIPS Database under CUP method for chemical imports; Follows earlier-orders

  • In Favour of Assessee
  • Citation Number : TS-491-ITAT-2020(Mum)-TP
  • Tax Payer : Dow Chemical International Pvt Ltd
Income tax Appellate Tribunal

ITAT:Assessee dependent on AE-employees for running business; Deletes TP-adjustment w.r.t support-services payment

  • In Favour of Assessee
  • Citation Number : TS-490-ITAT-2020(DEL)-TP
  • Tax Payer : B G India Energy Solutions P Ltd
Income tax Appellate Tribunal

ITAT:Treats business advance to loss-making JV as capital contribution; Rejects re-characterization as loan

  • In Favour of Assessee
  • Citation Number : TS-489-ITAT-2020(Mum)-TP
  • Tax Payer : KEC International Ltd
Income tax Appellate Tribunal

ITAT: Deletes interest-adjustment on money advanced for shares allotted within 6 months; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-488-ITAT-2020(Mum)-TP
  • Tax Payer : Essar Power Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on reimbursement of employees’ salaries, follows precedents in earlier/subsequent years

  • In Favour of Assessee
  • Citation Number : TS-487-ITAT-2020(DEL)-TP
  • Tax Payer : WM India Technical and Consulting Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Different financial-year not ground of exclusion when quarterly-results available; Remits comparable

  • In Favour of Both, Partially
  • Citation Number : TS-486-ITAT-2020(Bang)-TP
  • Tax Payer : Autodesk India Pvt Ltd