Rulings ( 11975 results )

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Income tax Appellate Tribunal

ITAT: Rules on outstanding AE-receivables TP-adjustment; Distinguishes Techbooks International on facts

  • In Favour of Assessee
  • Citation Number : TS-464-ITAT-2020(DEL)-TP
  • Tax Payer : Kusum Healthcare Pvt Ltd
Income tax Appellate Tribunal

ITAT: Stresses on FAR analysis for inclusion/exclusion of comparables, rejects reliance on other decisions

  • In Favour of Assessee
  • Citation Number : TS-463-ITAT-2020(Bang)-TP
  • Tax Payer : CoreOne Technologies India Pvt Ltd (formerly known as M/s CAPCO IT Services India Pvt. Ltd)
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on loan to domestic group entity rejecting Sec.92B(2) invocation; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-462-ITAT-2020(Mum)-TP
  • Tax Payer : Regus Business Centre Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 5 functionally dissimilar comparables; Remits incorrect margin computation plea

  • In Favour of Assessee
  • Citation Number : TS-461-ITAT-2020(DEL)-TP
  • Tax Payer : Dassault Systems India Private Ltd
Income tax Appellate Tribunal

ITAT: Deletes Samsung India’s AMP-adjustment; Rejects Revenue’s treatment of reimbursement as ‘excessive’ AMP

  • In Favour of Both, Partially
  • Citation Number : TS-460-ITAT-2020(DEL)-TP
  • Tax Payer : Samsung India Electronics Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects ad-hoc determination of ALP for intra-group services, remits matter

  • In Favour of Assessee
  • Citation Number : TS-459-ITAT-2020(Mum)-TP
  • Tax Payer : CLSA India Private Ltd [Formerly known as CLSA India Ltd.]
Income tax Appellate Tribunal

ITAT:Rejects DRP’s LIBOR adoption to benchmark FCCD denominated in INR; Follows Cotton Naturals

  • In Favour of Assessee
  • Citation Number : TS-458-ITAT-2020(DEL)-TP
  • Tax Payer : Assotech Moonshine Urban Developers Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes TCS e-Serve and Infosys BPO citing brand value and high turnover for ITeS-provider

  • In Favour of Assessee
  • Citation Number : TS-456-ITAT-2020(DEL)-TP
  • Tax Payer : Integreon (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Characterizes assessee as software development and ITeS provider; Rules on comparables

  • In Favour of Both, Partially
  • Citation Number : TS-455-ITAT-2020(DEL)-TP
  • Tax Payer : Fiserv India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows working-capital adjustment on actuals; Rules on comparables

  • In Favour of Assessee
  • Citation Number : TS-454-ITAT-2020(Bang)-TP
  • Tax Payer : SAP labs India Private Limited (successor in interest of erstwhile M/s. Success Factors Business Solutions India Private Limited
Income tax Appellate Tribunal

ITAT: Upholds KPO-BPO services distinction following Maersk-ruling; Rejects Revenue’s CBDT Circular reliance

  • In Favour of Both, Partially
  • Citation Number : TS-453-ITAT-2020(Bang)-TP
  • Tax Payer : State Street Services (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes functionally-dissimilar and risk bearing TCS e-Serve for back-office support service provider

  • In Favour of Assessee
  • Citation Number : TS-452-ITAT-2020(DEL)-TP
  • Tax Payer : Louis Dreyfus Commodities India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Difference between budgeted and actual overhead expenses not extraordinary; Rejects assessee’s adjustment to op-margin

  • In Favour of Both, Partially
  • Citation Number : TS-451-ITAT-2020(Mum)-TP
  • Tax Payer : GE Power India Ltd (formerly known as Alstom India Ltd)
Income tax Appellate Tribunal

ITAT: Allows Sec.10AA deduction on assessee’s voluntary TP-adjustment pursuant to APA; Follows IBM India

  • In Favour of Assessee
  • Citation Number : TS-450-ITAT-2020(Bang)-TP
  • Tax Payer : EYGBS India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s appeal as infructuous in view of TP-issues resolved under Unilateral-APA

  • In Favour of Assessee
  • Citation Number : TS-449-ITAT-2020(Bang)-TP
  • Tax Payer : Citizen Watches (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Holds TNMM as MAM for herbal products exporter; Remits capacity, risk adjustments

  • In Favour of Assessee
  • Citation Number : TS-448-ITAT-2020(Bang)-TP
  • Tax Payer : Sami Labs Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on reimbursement on account of testing charges; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-447-ITAT-2020(DEL)-TP
  • Tax Payer : Marathon Electric India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Treats domestic revenue, prior period expenses as non-operating; Rules on comparables for ITeS-provider

  • In Favour of Both, Partially
  • Citation Number : TS-446-ITAT-2020(DEL)-TP
  • Tax Payer : Smart Cube India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Proceedings culminate when draft-order accompanied by demand,penalty notices; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-445-ITAT-2020(DEL)-TP
  • Tax Payer : Olympus Medical Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes Sec 271G-penalty for Procter & Gamble entity; Follows ITAT-ruling in sister concern’s case

  • In Favour of Assessee
  • Citation Number : TS-444-ITAT-2020(Mum)-TP
  • Tax Payer : Procter & Gamble Hygiene and Health Care Limited