Rulings ( 11975 results )

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Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s appeal as withdrawn considering TP-issues resolution under Unilateral-APA

  • In Favour of Assessee
  • Citation Number : TS-443-ITAT-2020(Kol)-TP
  • Tax Payer : Pricewaterhousecoopers Delivery Centre (Kolkata) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs treatment of AE-advance as trade-payable for working capital adjustment; Rules on comparables

  • In Favour of Both, Partially
  • Citation Number : TS-442-ITAT-2020(Bang)-TP
  • Tax Payer : Infineon Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Holds forex-fluctuation, bank charges, doubtful-debts provision as operating-items, rejects AO’s Safe-Harbour reliance

  • In Favour of Assessee
  • Citation Number : TS-441-ITAT-2020(DEL)-TP
  • Tax Payer : Optum Global Solutions (India) Private Limited (Formerly known as United Health Group Information Services Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on outstanding AE-receivables already factored in working capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-440-ITAT-2020(DEL)-TP
  • Tax Payer : EXL Service.com (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Provision for assets impairment, non-operating item to be excluded from PLI-computation

  • In Favour of Assessee
  • Citation Number : TS-439-ITAT-2020(DEL)-TP
  • Tax Payer : Imsofer Manufacturing India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Determines ALP of royalty 4 citing India-UK MAP resolution; Remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-438-ITAT-2020(DEL)-TP
  • Tax Payer : JCB India Ltd
Income tax Appellate Tribunal

ITAT: Rejects negative working-capital adjustment for a captive software developer; Excludes 4 comparables

  • In Favour of Assessee
  • Citation Number : TS-437-ITAT-2020(Bang)-TP
  • Tax Payer : Tavant Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds TP-adjustment deletion for management/ technical services; Follows earlier order absent clinching distinction

  • In Favour of Assessee
  • Citation Number : TS-435-ITAT-2020(Kol)-TP
  • Tax Payer : Vesuvius India Ltd
Income tax Appellate Tribunal

ITAT:Remits TP-adjustments in respect of freight forwarding & management support services; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-434-ITAT-2020(DEL)-TP
  • Tax Payer : Geodis Overseas Pvt Ltd
Income tax Appellate Tribunal

ITAT: Company that becomes AE during the year, not valid comparable; Follows Gemstone ruling

  • In Favour of Both, Partially
  • Citation Number : TS-433-ITAT-2020(Ahd)-TP
  • Tax Payer : Lonsen Kiri Chemical Industries Ltd
Income tax Appellate Tribunal

ITAT: Quashes assessment-order passed on amalgamated entity where notice u/s. 143(2) issued to non-existent amalgamating entity

  • In Favour of Assessee
  • Citation Number : TS-432-ITAT-2020(Mum)-TP
  • Tax Payer : Siemens Limited (Successor in Interest to Siemens Power Engineering Private Limited)
Income tax Appellate Tribunal

ITAT: Remits LGS Global comparability; Directs TPO to ascertain employee cost filter facts u/s.133(6)

  • In Favour of Both, Partially
  • Citation Number : TS-431-ITAT-2020(Bang)-TP
  • Tax Payer : EF Information Systems Private Limited
Income tax Appellate Tribunal

ITAT: Upholds exclusion of persistent loss making R Systems International upon treating FOREX gain as non-operating

  • In Favour of Both, Partially
  • Citation Number : TS-429-ITAT-2020(PUN)-TP
  • Tax Payer : Faurecia Interior Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects global-asset allocation basis for intra-group services; Remits seconded employees’ salary reimbursement TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-428-ITAT-2020(Mum)-TP
  • Tax Payer : Jabil Circuit India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on R&D and management fees absent application of prescribed method u/s 92C

  • In Favour of Assessee
  • Citation Number : TS-427-ITAT-2020(PUN)-TP
  • Tax Payer : East West Seeds India Private Limited
Foreign Court

FC: Canada Federal Court allows judicial review application against Revenue's foreign-based information request during TP-audit

  • In Favour of Assessee
  • Citation Number : TS-747-FC-2020-TP
  • Tax Payer : Bayer Inc
Income tax Appellate Tribunal

ITAT: Fixes corporate guarantee ALP at 0.5; Remands TP-adjustment on AE-loans, performance guarantee

  • In Favour of Assessee
  • Citation Number : TS-426-ITAT-2020(Mum)-TP
  • Tax Payer : Teleperformence Global Services Private Limited (Earlier Known as “Intel Global Services Private Limited”)
Income tax Appellate Tribunal

ITAT: Quashes assessment order passed on non-existent amalgamated entity; Follows binding earlier-order

  • In Favour of Assessee
  • Citation Number : TS-425-ITAT-2020(Mum)-TP
  • Tax Payer : Atos India Pvt Ltd (Successor of Atos IT Solutions and Services P. Ltd)
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on AE-receivables, rules on comparables for assessee’s ITeS-segment, follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-424-ITAT-2020(DEL)-TP
  • Tax Payer : American Express (I) P Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s MP; Recalls order to consider inclusion of I2T2 India for ITeS-provider

  • In Favour of Assessee
  • Citation Number : TS-423-ITAT-2020(Bang)-TP
  • Tax Payer : EMC Software and Services India Pvt Ltd