Rulings ( 11975 results )

Filters
Income tax Appellate Tribunal

ITAT: Holds TP-adjustment outside Sec 115JB book profits ambit; Follows Cash Edge ruling

  • In Favour of Assessee
  • Citation Number : TS-295-ITAT-2020(DEL)-TP
  • Tax Payer : SSP India (P) Ltd
Income tax Appellate Tribunal

ITAT: Differentiates graphic animation, gaming from software development services, excludes Tata Elxsi citing functional-dissimilarity

  • In Favour of Assessee
  • Citation Number : TS-294-ITAT-2020(DEL)-TP
  • Tax Payer : Global Logic India Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on intra-group services citing double addition when payments are on cost-plus basis

  • In Favour of Assessee
  • Citation Number : TS-293-ITAT-2020(DEL)-TP
  • Tax Payer : Teradata India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustments on R&D expenses, management fees made on grounds irrelevant for ALP-determination

  • In Favour of Assessee
  • Citation Number : TS-292-ITAT-2020(Mum)-TP
  • Tax Payer : Hamon Cooling Systems
Income tax Appellate Tribunal

ITAT: Geographical location irrelevant for consultancy services comparability; Deletes TP-adjustment accepting assessee’s internal-CPM

  • In Favour of Assessee
  • Citation Number : TS-291-ITAT-2020(Mum)-TP
  • Tax Payer : Mott MacDonald Pvt Ltd (Successor to Mott MacDonald Consultants India Private Ltd)
Foreign Court

FC: Finnish SC: Rejects re-characterization of intra-group financial restructuring sans tax avoidance allegation

  • In Favour of Assessee
  • Citation Number : TS-730-FC-2020(FIN)-TP
  • Tax Payer : A Group
Supreme Court

SC:Dismisses Revenue's SLP against HC order excluding 4 comparables for IT/ITeS-provider

  • In Favour of Assessee
  • Citation Number : TS-290-SC-2020-TP
  • Tax Payer : CADENCE DESIGN SYSTEMS (I) P. LTD
Income tax Appellate Tribunal

ITAT: Allows Sec.10AA deduction on suo-moto TP-adjustment; Upholds DRP’s application of export filter

  • In Favour of Assessee
  • Citation Number : TS-289-ITAT-2020(Bang)-TP
  • Tax Payer : EYBGS India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Confirms turnover-filter application; Rejects multiple year data plea considering relevant-AY data availability

  • In Favour of Assessee
  • Citation Number : TS-288-ITAT-2020(Bang)-TP
  • Tax Payer : Swiss Re Global Business Solutions India Pvt Ltd (Formerly known as Swiss Re Shared Services India Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Working-capital/Risk adjustment cannot be denied citing data non-availability without exercising powers u/s.133(6)

  • In Favour of Both, Partially
  • Citation Number : TS-287-ITAT-2020(Bang)-TP
  • Tax Payer : Marlabs Innovations Pvt Ltd
Income tax Appellate Tribunal

ITAT:Excludes Infosys BPO in ITeS-segment citing significant brand presence; Remits software segment TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-286-ITAT-2020(DEL)-TP
  • Tax Payer : Steria (India) Ltd
Foreign Court

FC: Finnish SC: Deletes TP-adjustment on AE-purchases made by treating loss-making taxpayer as tested-party

  • In Favour of Assessee
  • Citation Number : TS-736-FC-2020(FIN)-TP
  • Tax Payer : A Oy
Income tax Appellate Tribunal

ITAT: Excludes 100% government owned company, remits 3 companies for service filter verification; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-285-ITAT-2020(DEL)-TP
  • Tax Payer : Bechtel India Private Limited
Income tax Appellate Tribunal

ITAT: Confirms royalty TP-adjustment for manufacturer assessee, a public company; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-284-ITAT-2020(DEL)-TP
  • Tax Payer : Asahi India Glass Limited
Income tax Appellate Tribunal

ITAT: Holds subcontracting charges as operating item; Rules on comparables for captive-service provider

  • In Favour of Both, Partially
  • Citation Number : TS-283-ITAT-2020(Bang)-TP
  • Tax Payer : Applied Materials India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes BLT based AMP-adjustment for liquor manufacturer & trader; Follows earlier orders

  • In Favour of Both, Partially
  • Citation Number : TS-282-ITAT-2020(DEL)-TP
  • Tax Payer : Pernod Ricard India Pvt Ltd
Foreign Court

FC: Danish HC: Upholds TP-adjustment; Considers goodwill amortization as operating expense for EBIT-computation under TNMM

  • In Favour of Revenue
  • Citation Number : TS-734-FC-2020-TP
  • Tax Payer : Drug Company - A
High Court

HC: Upholds ITAT-order; Filters only for narrowing search, acceptance doesn't restrain comparables challenge

  • In Favour of Assessee
  • Citation Number : TS-281-HC-2020(DEL)-TP
  • Tax Payer : Open Solutions Software Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Extends stay of demand citing HC directive, lauds CBDT's 'pragmatism' during extraordinary situation

  • In Favour of Assessee
  • Citation Number : TS-280-ITAT-2020(DEL)-TP
  • Tax Payer : Steria (India) Limited
Income tax Appellate Tribunal

ITAT: Excludes comparables for software developer citing functional dissimilarity, service income filter failure etc

  • In Favour of Both, Partially
  • Citation Number : TS-279-ITAT-2020(Bang)-TP
  • Tax Payer : Evolving Systems Networks India Pvt Ltd