Rulings ( 11975 results )

Filters
Income tax Appellate Tribunal

ITAT:Dismisses appeals citing resolution cost contribution allocation ALP under India-US MAP

  • In Favour of Both, Partially
  • Citation Number : TS-403-ITAT-2020(Mum)-TP
  • Tax Payer : Dresser-Rand India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustments for BCG India absent prescribed method application u/s 92C; Follows various HC-rulings

  • In Favour of Both, Partially
  • Citation Number : TS-402-ITAT-2020(Mum)-TP
  • Tax Payer : The Boston Consulting Group (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes AMP-adjustment following precedents; Rules on comparables, stresses on FAR-analysis importance

  • In Favour of Both, Partially
  • Citation Number : TS-401-ITAT-2020(Mum)-TP
  • Tax Payer : Colgate – Palmolive (India) Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on exports; Volume difference in AE, non-AE sales makes comparison unfair

  • In Favour of Assessee
  • Citation Number : TS-400-ITAT-2020(Mum)-TP
  • Tax Payer : Perstorp Chemicals India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes AMP-adjustment for Xerox India; Rejects Revenue’s attempt to distinguish earlier order

  • In Favour of Assessee
  • Citation Number : TS-399-ITAT-2020(DEL)-TP
  • Tax Payer : Xerox India Ltd
Income tax Appellate Tribunal

ITAT:R&D cess paid to Govt. cannot be construed as AE's royalty income; Deletes TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-398-ITAT-2020(Kol)-TP
  • Tax Payer : Landis+ Gyr Ltd
Income tax Appellate Tribunal

ITAT:SDT reference to TPO bad in law, considering Sec.92BA(i) 'omission'; Follows Raipur Steel

  • In Favour of Assessee
  • Citation Number : TS-397-ITAT-2020(GAU)-TP
  • Tax Payer : Shivani Ispatand Rolling Mill (P) Ltd
Income tax Appellate Tribunal

ITAT:Quashes TPO-reference for SDT considering Sec 92BA(i) 'omission'; Follows Raipur Steel ruling

  • In Favour of Assessee
  • Citation Number : TS-396-ITAT-2020(GAU)-TP
  • Tax Payer : Shree Shai Smelters (I) Ltd
Income tax Appellate Tribunal

ITAT: Confirms TP-adjustment deletion rejecting re-characterization of share application money as AE-loan

  • In Favour of Assessee
  • Citation Number : TS-395-ITAT-2020(Mum)-TP
  • Tax Payer : Voltas Limited
Income tax Appellate Tribunal

ITAT:No interest-adjustment if assessee's genuineness on share-application money refund established

  • In Favour of Both, Partially
  • Citation Number : TS-394-ITAT-2020(Mum)-TP
  • Tax Payer : VVF Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on AE-receivables considering non-charging of interest from AE, non-AE uniformly

  • In Favour of Assessee
  • Citation Number : TS-393-ITAT-2020(Mum)-TP
  • Tax Payer : S Vinodkumar Diamonds Pvt Ltd
Income tax Appellate Tribunal

ITAT:Applies approach, basis and conclusion in subsequent years’ APA, absent differences in FAR

  • In Favour of Assessee
  • Citation Number : TS-392-ITAT-2020(DEL)-TP
  • Tax Payer : Metal One Corporation India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes functionally-dissimilar Excel Infoways as comparable for ITeS-provider; Relies on Zenta Pvt ruling

  • In Favour of Assessee
  • Citation Number : TS-391-ITAT-2020(Mum)-TP
  • Tax Payer : Convergys India Service Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on corporate guarantee for manufacturer assessee; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-389-ITAT-2020(Ahd)-TP
  • Tax Payer : Meghmani Organics Limited
Income tax Appellate Tribunal

ITAT: Excludes comparables citing functional dissimilarity, existence of extra-ordinary events, follows precedents

  • In Favour of Assessee
  • Citation Number : TS-388-ITAT-2020(Mum)-TP
  • Tax Payer : Dimension Data India (Formerly Datacraft India Ltd.)
Income tax Appellate Tribunal

ITAT: Deletes AMP-adjustment; Remits alternate TP-adjustment on account of packaging cost, training etc

  • In Favour of Assessee
  • Citation Number : TS-387-ITAT-2020(Mum)-TP
  • Tax Payer : L‟Oreal India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables citing functional-dissimilarity and different in financial year ends

  • In Favour of Both, Partially
  • Citation Number : TS-386-ITAT-2020(Mum)-TP
  • Tax Payer : Exxon Mobil Company India Pvt
Income tax Appellate Tribunal

ITAT: Applies APA-price agreed with amalgamated entity to rollback year pre-amalgamation

  • In Favour of Assessee
  • Citation Number : TS-385-ITAT-2020(Bang)-TP
  • Tax Payer : Texas Instruments (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: IBM India’s Sec 10AA claim allowable, including on incremental income arising pursuant to APA

  • In Favour of Assessee
  • Citation Number : TS-384-ITAT-2020(Bang)-TP
  • Tax Payer : IBM India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes HCL, HP Globalsoft citing high RPT, Satyam citing unreliable financials for software developer

  • In Favour of Assessee
  • Citation Number : TS-383-ITAT-2020(DEL)-TP
  • Tax Payer : Cadence Design Systems (India) Pvt Ltd