Rulings ( 11975 results )

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Income tax Appellate Tribunal

ITAT: Remands Sec 271(1)(c) penalty issue considering TP-adjustment remanded in quantum appeal

  • In Favour of Assessee
  • Citation Number : TS-422-ITAT-2020(PUN)-TP
  • Tax Payer : Mahle Behr India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Permits Nokia India to withdraw appeal considering resolution of AMP-adjustment under MAP

  • In Favour of Assessee
  • Citation Number : TS-421-ITAT-2020(DEL)-TP
  • Tax Payer : Nokia India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects negative working-capital adjustment for captive service provider; Rules on comparables

  • In Favour of Both, Partially
  • Citation Number : TS-420-ITAT-2020(Bang)-TP
  • Tax Payer : Aspect Technology Center (India) Private Limited
Income tax Appellate Tribunal

ITAT: Prefers internal over external TNMM for benchmarking international transactions; Remits issue

  • In Favour of Assessee
  • Citation Number : TS-419-ITAT-2020(Bang)-TP
  • Tax Payer : Brillio Technologies Pvt Ltd (Formerly known as M/s. Collabera Solutions Pvt. Ltd.,)
Income tax Appellate Tribunal

ITAT:Draft order passed on non-existent amalgamated entity, void-ab-initio; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-418-ITAT-2020(DEL)-TP
  • Tax Payer : BOEING India Pvt Ltd [Successor to Boeing International Corporation India Pvt Ltd]
Income tax Appellate Tribunal

ITAT: Excludes comparables for ITeS provider; Treats forex gains as operating income

  • In Favour of Assessee
  • Citation Number : TS-417-ITAT-2020(Bang)-TP
  • Tax Payer : Akamai Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds inclusion of 3 comparables rejecting Revenue’s persistent loss making plea

  • In Favour of Assessee
  • Citation Number : TS-416-ITAT-2020(Mum)-TP
  • Tax Payer : MOL Maritime (India) Pvt Ltd (Formerly known as Mitsui OSK LinesMaritime (India) Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Remits working-capital adjustment for GE BE’s engineering design service division

  • In Favour of Assessee
  • Citation Number : TS-415-ITAT-2020(Bang)-TP
  • Tax Payer : GE BE Pvt Ltd
Foreign Court

FC: Advocate General advises Netherlands SC on interest deductibility for Dutch Co. on AE-loans

  • In Favour of Assessee
  • Citation Number : TS-746-FC-2020-TP
  • Tax Payer : [X] BV
Income tax Appellate Tribunal

ITAT: Recommends Special-Bench constitution for interpreting term ‘paid’ under India-Cyprus DTAA Article 11

  • In Favour of Assessee
  • Citation Number : TS-414-ITAT-2020(Mum)-TP
  • Tax Payer : Ampacet Cyprus Limited
Income tax Appellate Tribunal

ITAT:Draft-order with demand/penalty notice culminates proceedings, subsequent orders non-est; Distinguishes PwC-ruling

  • In Favour of Assessee
  • Citation Number : TS-413-ITAT-2020(DEL)-TP
  • Tax Payer : Perfetti Van Melle (India) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Determines ALP of corporate guarantee fee at 0.5% for Tata Sons; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-412-ITAT-2020(Mum)-TP
  • Tax Payer : Tata Sons Ltd
Income tax Appellate Tribunal

ITAT:Excludes 6 comparables in Microsoft’s marketing support segment; Grants working-capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-411-ITAT-2020(DEL)-TP
  • Tax Payer : Microsoft Corporation (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes Nivea’s AMP-adjustment, remits foreign-AE’s selection as tested-party; Follows earlier-orders

  • In Favour of Both, Partially
  • Citation Number : TS-410-ITAT-2020(Mum)-TP
  • Tax Payer : Nivea India Private Limited
Income tax Appellate Tribunal

ITAT: Adopts LIBOR without mark-up for benchmarking interest free AE-loans; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-409-ITAT-2020(Mum)-TP
  • Tax Payer : Oriental Aromatics Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment on rebates paid to AE; Notes transaction not demonstrated as 'sham'

  • In Favour of Assessee
  • Citation Number : TS-408-ITAT-2020(DEL)-TP
  • Tax Payer : Bureau Veritas Consumer Products Services (India) Private Limited
Income tax Appellate Tribunal

ITAT: Adopts Berry Ratio as PLI for benchmarking freight services, follows earlier-order; Excludes Om Logistics

  • In Favour of Assessee
  • Citation Number : TS-407-ITAT-2020(Mum)-TP
  • Tax Payer : DHL Logistics Pvt Ltd
Income tax Appellate Tribunal

ITAT: Refuses second innings to AO to appreciate same facts; Deletes management-charges TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-406-ITAT-2020(DEL)-TP
  • Tax Payer : Volvo Auto (India) Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 10 comparables for software-development service provider, cites functional dissimilarity, high RPT etc

  • In Favour of Both, Partially
  • Citation Number : TS-405-ITAT-2020(Bang)-TP
  • Tax Payer : LG Soft India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Excludes Axis Integrated Systems providing liasioning services for marketing support provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-404-ITAT-2020(Mum)-TP
  • Tax Payer : DSM Nutritional Products India Pvt Ltd