Rulings ( 11975 results )

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Income tax Appellate Tribunal

ITAT:Adopts TNMM for benchmarking royalty and product development fee; Rules on comparables

  • In Favour of Both, Partially
  • Citation Number : TS-278-ITAT-2020(DEL)-TP
  • Tax Payer : Nissin Brake India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds TPO’s expenses allocation for computing comparable’s net-margin in second appeal round

  • In Favour of Revenue
  • Citation Number : TS-277-ITAT-2020(DEL)-TP
  • Tax Payer : Panasonic Industrial Asia Pte Ltd
Income tax Appellate Tribunal

ITAT: Maintenance services interlinked to software license distribution activity, directs AO/TPO to aggregate transactions

  • In Favour of Assessee
  • Citation Number : TS-276-ITAT-2020(Bang)-TP
  • Tax Payer : Parametrics Technology Private Limited
Income tax Appellate Tribunal

ITAT:Remits TP-adjustment on outstanding AE-receivables; Directs AO to follow Instrumentation Corpn SB-ruling

  • In Favour of Assessee
  • Citation Number : TS-275-ITAT-2020(Bang)-TP
  • Tax Payer : Lotus Labs Private Limited
Income tax Appellate Tribunal

ITAT: Rejects 0% RPT, holds 25% threshold appropriate; Draws supports from Section 92A(2)(e)

  • In Favour of Both, Partially
  • Citation Number : [TS-274-ITAT-2020(DEL)-TP
  • Tax Payer : BEA Systems India Technology Centre Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s appeal; Upholds AO/TPO’s revision of TP-adjustment pursuant to DRP-directions

  • In Favour of Revenue
  • Citation Number : TS-273-ITAT-2020(DEL)-TP
  • Tax Payer : Comverse Network Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables; Retains Akshay Software exclusion as correct business nature not established

  • In Favour of Both, Partially
  • Citation Number : TS-272-ITAT-2020(Bang)-TP
  • Tax Payer : iPass India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds exclusion of 10 comparables citing abnormally high profit margin, functional-dissimilarity etc

  • In Favour of Both, Partially
  • Citation Number : TS-271-ITAT-2020(Bang)-TP
  • Tax Payer : CGI Information Systems and Management Consultants Pvt Ltd
Supreme Court

SC:Sets aside HC-order allowing GlaxoSmithKline's writ filed after expiry of statutory appeal-filing limitation

  • In Favour of Revenue
  • Citation Number : TS-270-SC-2020-TP
  • Tax Payer : GlaxoSmithKline Consumer Healthcare Limited
Income tax Appellate Tribunal

ITAT: Includes functionally similar companies despite following different financial years; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-269-ITAT-2020(Bang)-TP
  • Tax Payer : NXP India Pvt Ltd (Successor of NXP Semiconductors India P.Ltd.)
Income tax Appellate Tribunal

ITAT: Quashes DRP’s non-speaking order on comparables, RPT, PLI-computation; Remits TP-issues

  • In Favour of Assessee
  • Citation Number : TS-268-ITAT-2020(Bang)-TP
  • Tax Payer : Kennametal India Ltd
Income tax Appellate Tribunal

ITAT: TPO unjustified in determining Nil-ALP for SDT citing reliable data unavailability; Remits issue

  • In Favour of Assessee
  • Citation Number : TS-267-ITAT-2020(DEL)-TP
  • Tax Payer : NYMPHEA DEVELOPERS PVT LTD
Income tax Appellate Tribunal

ITAT: Deletes intra-group services TP-adjustment rejecting Nil-ALP; Follows Johnson & Johnson

  • In Favour of Assessee
  • Citation Number : TS-266-ITAT-2020(Mum)-TP
  • Tax Payer : Millward Brown Market Research Services India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes outstanding receivables TP-adjustment; Follows Kusum Healthcare HC ruling

  • In Favour of Assessee
  • Citation Number : TS-265-ITAT-2020(DEL)-TP
  • Tax Payer : Corbus (India) Pvt Ltd (Now Corbus (India) LLP)
High Court

HC:Confirms ITAT’s exclusion of 11 comparables in software development, sales support segments

  • In Favour of Assessee
  • Citation Number : TS-264-HC-2020(P & H)-TP
  • Tax Payer : Comverse Network Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Confirms CIT(A)’s Sec 271G penalty deletion for diamond merchant; Relies on earlier order

  • In Favour of Assessee
  • Citation Number : TS-263-ITAT-2020(Mum)-TP
  • Tax Payer : Amore Jewels Private Ltd
High Court

HC: Upholds ITAT’s rejection of CUP as MAM for royalty & product-development fee

  • In Favour of Assessee
  • Citation Number : TS-262-HC-2020(P & H)-TP
  • Tax Payer : Nissin Brake India Pvt Ltd
High Court

HC:Dismisses Revenue’s appeal; Upholds ITAT’s comparables selection in software development, sales-support segments

  • In Favour of Assessee
  • Citation Number : TS-261-HC-2020(P & H)-TP
  • Tax Payer : Comverse Network Systems India Pvt Ltd
High Court

HC: Admits Revenue’s appeal w.r.t MAM-selection for royalty, TP-adjustment restriction to international transactions

  • In Favour of Revenue
  • Citation Number : TS-260-HC-2020(GUJ)-TP
  • Tax Payer : FAG Bearings India Ltd
High Court

HC: Admits Revenue’s appeal against ITAT-order deleting corporate guarantee and AE-loan TP-adjustments

  • In Favour of Assessee
  • Citation Number : TS-258-HC-2020(GUJ)-TP
  • Tax Payer : Torrent Pharmaceuticals Ltd