Rulings ( 11975 results )
Foreign Court
FC: Canadian Federal Court rejects lifting of corporate veil to reallocate Swiss-AE's profits to Cameco Canada
- In Favour of Assessee
- Citation Number : TS-745-FC-2020-TP
- Tax Payer : Cameco Corporation
Income tax Appellate Tribunal
ITAT: Permits assessee’s appeal withdrawal citing resolution of TP-issues under Unilateral, Bilateral APAs
- In Favour of Assessee
- Citation Number : TS-344-ITAT-2020(Bang)-TP
- Tax Payer : Novo Nordisk India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rules on comparables; Rejects DRP’s inconsistent approach while benchmarking technical service fees
- In Favour of Both, Partially
- Citation Number : TS-343-ITAT-2020(DEL)-TP
- Tax Payer : Ariba India Private Limited
Foreign Court
FC: Singaporean High Court: Substantial influence, not'control'; Denies'related party' exemption on property-sale to REIT
- In Favour of Revenue
- Citation Number : TS-1260-FC-2019(SNG)-TP
- Tax Payer : BZZ
Foreign Court
FC: Italian SC allows Citibank's plea; Rejects Italy-PE's losses attribution to US Parent
- In Favour of Assessee
- Citation Number : TS-737-FC-2020(ITL)-TP
- Tax Payer : Citibank N.A.
Income tax Appellate Tribunal
ITAT: Confirms deletion of notional interest adjustment on treatment of share application money as loan
- In Favour of Assessee
- Citation Number : TS-342-ITAT-2020(Mum)-TP
- Tax Payer : Voltas Limited
Income tax Appellate Tribunal
ITAT: Rules on comparables for software-service provider; Accepts TPO’s negative working capital adjustment
- In Favour of Both, Partially
- Citation Number : TS-341-ITAT-2020(Bang)-TP
- Tax Payer : Kodiak Networks India Pvt Ltd
Foreign Court
FC: Danish SC holds royalty payment as deductible operating cost; Rejects HC's Nil ALP-determination
- In Favour of Assessee
- Citation Number : TS-744-FC-2020(DEN)-TP
- Tax Payer : Adecco A / S
Income tax Appellate Tribunal
ITAT: Accepts assessee’s RPM over TPO’s TNMM as MAM for imports by distributor; Remits issue
- In Favour of Assessee
- Citation Number : TS-340-ITAT-2020(DEL)-TP
- Tax Payer : Topcon Sokkia India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Quashes assessment order framed on non-existent Satyam Computer post Tech-Mahindra merger; Follows precedents
- In Favour of Assessee
- Citation Number : TS-339-ITAT-2020(Mum)-TP
- Tax Payer : Satyam Computer Services limited (Now merged with Tech Mahindra ltd.)
Income tax Appellate Tribunal
ITAT: Excludes 3 comparables; Deletes notional interest on outstanding AE-receivables for debt-free company
- In Favour of Assessee
- Citation Number : TS-338-ITAT-2020(DEL)-TP
- Tax Payer : Global Logic India Ltd
Income tax Appellate Tribunal
ITAT:Quashes Shell India's Sec 263-order; Upholds AO's Sec 10A/10B tax holiday grant on voluntary TP-adjustment
- In Favour of Assessee
- Citation Number : TS-337-ITAT-2020(Mum)-TP
- Tax Payer : Shell India Markets Private Limited
Income tax Appellate Tribunal
ITAT: Adopts LIBOR+200bps as interest ALP for AE-loan, 0.5% as corporate guarantee ALP; Follows precedents
- In Favour of Assessee
- Citation Number : TS-336-ITAT-2020(Mum)-TP
- Tax Payer : Piramal Glass Private Limited (Earlier Known as Piramal Glass Ltd)
Income tax Appellate Tribunal
ITAT:Quashes revisionary jurisdiction against TPO non-reference citing sec.92BA-inapplicability on sales to sister-concern
- In Favour of Assessee
- Citation Number : TS-335-ITAT-2020(Ahd)-TP
- Tax Payer : Ashish Subodhchandra Shah (HUF)
Income tax Appellate Tribunal
ITAT: Quashes assessment as time-barred; Extended Sec 153 time limit inapplicable sans TPO-reference
- In Favour of Assessee
- Citation Number : TS-334-ITAT-2020(DEL)-TP
- Tax Payer : Stefanini India Pvt Ltd (Formerly known as Codex Software Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Excludes 2 comparables citing functional dissimilarity, fluctuating profit margins for BPO service-provider
- In Favour of Assessee
- Citation Number : TS-333-ITAT-2020(Mum)-TP
- Tax Payer : Banc Tec TPS India Pvt Ltd
Income tax Appellate Tribunal
ITAT:Upholds assessee's right to choose between CIT(A), DRP appeal route; Cites Circular 5/2010
- In Favour of Assessee
- Citation Number : TS-332-ITAT-2020(Bang)-TP
- Tax Payer : Mann and Hummel Filter Private Limited
Foreign Court
FC: Norwegian SC rules on intra-group allocation of R&D cost incurred by Shell's Norway entity
- In Favour of Assessee
- Citation Number : TS-742-FC-2020(NOR)-TP
- Tax Payer : Norske Shell?
Income tax Appellate Tribunal
ITAT: Remits TP-adjustment on medical equipments purchase sans evidence; Deletes adjustment on outstanding AE-receivables
- In Favour of Assessee
- Citation Number : TS-331-ITAT-2020(DEL)-TP
- Tax Payer : DHR Holding India Pvt Ltd
Income tax Appellate Tribunal
ITAT:Rejects re-characterization of entire share application as loan; Holds transaction not sham
- In Favour of Assessee
- Citation Number : TS-330-ITAT-2020(Ahd)-TP
- Tax Payer : Astral Poly Technik Pvt Ltd