Rulings ( 11975 results )

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Income tax Appellate Tribunal

ITAT:Rejects TPO’s TP-adjustment citing ‘unambiguous case’ of natural justice principles violation

  • In Favour of Assessee
  • Citation Number : TS-329-ITAT-2020(DEL)-TP
  • Tax Payer : Marubeni India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Determines Corporate Guarantee ALP at 0.5%; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-328-ITAT-2020(Mum)-TP
  • Tax Payer : Piramal Enterprises Limited (Formerly known as Piramal Healthcare Limited)
Income tax Appellate Tribunal

ITAT: Quashes Sec.263-order against SDT non-reference; Sec.92BA(i) ‘omitted’, not ‘repealed’, absent saving clause

  • In Favour of Assessee
  • Citation Number : TS-327-ITAT-2020(Kol)-TP
  • Tax Payer : Raipur Steel Casting India (P) Ltd
Income tax Appellate Tribunal

ITAT: Grants deduction u/s.10A to Dell on enhanced export income pursuant to MAP resolution

  • In Favour of Assessee
  • Citation Number : TS-326-ITAT-2020(Bang)-TP
  • Tax Payer : Dell International Services India Private Limited
Income tax Appellate Tribunal

ITAT:Deletes management fee TP-adjustment; Assessee’s profitability increase establishes benefit of AE’s services

  • In Favour of Assessee
  • Citation Number : TS-325-ITAT-2020(DEL)-TP
  • Tax Payer : Michelin India Pvt Ltd (Formerly known as Michelin India Tyres Pvt.Ltd.)
Income tax Appellate Tribunal

ITAT:Upholds CIT(A)-order rejecting MakeMyTrip’s AMP-spend attribution to AE’s share quotation at premium

  • In Favour of Assessee
  • Citation Number : TS-324-ITAT-2020(DEL)-TP
  • Tax Payer : MakeMy Trip (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes Casio’s AMP-adjustment absent material to demonstrate international transaction existence; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-323-ITAT-2020(DEL)-TP
  • Tax Payer : Casio India Company Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for software-developer, excludes Infosys, Persistent, L&T, Thirdware

  • In Favour of Both, Partially
  • Citation Number : TS-322-ITAT-2020(Bang)-TP
  • Tax Payer : Brocade Communications Systems Private Limited
Foreign Court

FC: Zambian SC confirms invocation of tax avoidance provision on copper-miner's exports to Swiss parent

  • In Favour of Revenue
  • Citation Number : TS-733-FC-2020-TP
  • Tax Payer : Mopani Copper Mines PLC
Foreign Court

FC: US SC dismisses Altera's appeal; Confirms validation of stock-based compensation cost sharing regulations

  • In Favour of Revenue
  • Citation Number : TS-743-FC-2020(USA)-TP
  • Tax Payer : Altera Corporation & Subsidiaries
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment for Exxon’s lubricant import, re-sale and service fee transactions

  • In Favour of Assessee
  • Citation Number : TS-321-ITAT-2020(DEL)-TP
  • Tax Payer : Exxon Mobil Lubricants P Ltd
Income tax Appellate Tribunal

ITAT:AO can't disturb Sec.80IC deduction when SDT accepted by TPO as at arm's length

  • In Favour of Assessee
  • Citation Number : TS-320-ITAT-2020(Mum)-TP
  • Tax Payer : Mahindra & Mahindra Limited
Foreign Court

FC: Canadian Federal Court rules on 'arm's length test' for foreign-affilliate's income exclusion

  • In Favour of Assessee
  • Citation Number : TS-738-FC-2020-TP
  • Tax Payer : Loblaw Financial Holdings Inc
Income tax Appellate Tribunal

ITAT: Adopts op-cost corresponding to op-revenue only for PLI-computation; Considers mid-year operations closure

  • In Favour of Both, Partially
  • Citation Number : TS-319-ITAT-2020(Bang)-TP
  • Tax Payer : Trident Microsystems India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for Goldman Sachs, excludes Persistent Systems, L&T Infotech, Infosys

  • In Favour of Both, Partially
  • Citation Number : TS-318-ITAT-2020(Bang)-TP
  • Tax Payer : Goldman Sachs Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: AO’s corporate guarantee TP-adjustment absent TPO-reference invalid, remits issue; Follows SG Asia SC-ruling

  • In Favour of Both, Partially
  • Citation Number : TS-317-ITAT-2020(DEL)-TP
  • Tax Payer : New Delhi Television Ltd
Income tax Appellate Tribunal

ITAT: Deletes 400+cr AMP-adjustment for Reckitt Benckiser India absent obligation to promote AE-brands

  • In Favour of Both, Partially
  • Citation Number : TS-316-ITAT-2020(Kol)-TP
  • Tax Payer : Reckitt Benckiser (I) Pvt Ltd
Foreign Court

FC: US Tax Court taxes Whirlpool's Luxembourg-CFC sales income earned under Mexican Maquiladora structure

  • In Favour of Revenue
  • Citation Number : TS-740-FC-2020(USA)-TP
  • Tax Payer : Whirlpool Financial Corporation & Consolidated Subsidiaries
Foreign Court

FC: Danish HC allows discretionary TP-adjustment citing assessee's unsubstantiated deficit and defective TP-documentation

  • In Favour of Revenue
  • Citation Number : TS-739-FC-2020(DEN)-TP
  • Tax Payer : H1 A / S
Income tax Appellate Tribunal

ITAT: Rejects negative working capital adjustment for captive software developer; Follows Adaptech ruling

  • In Favour of Assessee
  • Citation Number : TS-315-ITAT-2020(Bang)-TP
  • Tax Payer : Tivo Tech Private Limited [Formerly Veveo (India) Pvt. Ltd.]