Rulings ( 11975 results )

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Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s deletion of TP-adjustment on royalty payment; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-168-ITAT-2020(Ahd)-TP
  • Tax Payer : Johnson Controls-Hitachi Air Conditioning India Limited [Formerly Known as Hitachi Home & Life Solutions (India) Ltd.]
Income tax Appellate Tribunal

ITAT: Deletes outstanding AE-receivables TP-adjustment since working capital adjustment allowed; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-167-ITAT-2020(DEL)-TP
  • Tax Payer : Orange Business Services India Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables for software developer/ITES provider; Cites functional dissimilarity, diverse activities

  • In Favour of Assessee
  • Citation Number : TS-166-ITAT-2020(Bang)-TP
  • Tax Payer : Software Paradigms Infotech Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses software-developer’s appeal on TP-issues as withdrawn in view of APA resolution

  • In Favour of Assessee
  • Citation Number : TS-165-ITAT-2020(Bang)-TP
  • Tax Payer : JDA Software Private Ltd
Income tax Appellate Tribunal

ITAT:Quashes final assessment order passed sans draft-order in remand proceedings; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-164-ITAT-2020(PUN)-TP
  • Tax Payer : AB Sandvik Coromant
Income tax Appellate Tribunal

ITAT: Remits ALP-determination of corporate service fees; Directs consideration of additional evidence

  • In Favour of Both, Partially
  • Citation Number : TS-163-ITAT-2020(CHNY)-TP
  • Tax Payer : Poclain Hydraulics Pvt Ltd
Supreme Court

SC: Dismisses Revenue's SLP on ‘delayed AE-receivables’ issue for Kusum Healthcare citing low-tax effect

  • In Favour of Assessee
  • Citation Number : TS-162-SC-2020-TP
  • Tax Payer : Kusum Healthcare Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects Sec 92A(1) application on standalone basis sans Sec 92A(2) conditions fulfillment; Distinguishes earlier order

  • In Favour of Assessee
  • Citation Number : TS-161-ITAT-2020(Mum)-TP
  • Tax Payer : Kaybee Pvt Ltd
Income tax Appellate Tribunal

ITAT: Sets aside DRP’s non-speaking order on comparables selection, ALP-determination for contract manufacturer

  • In Favour of Both, Partially
  • Citation Number : TS-160-ITAT-2020(Bang)-TP
  • Tax Payer : TE Connectivity India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds AMP-adjustment deletion absent existence of agreement with AE; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-159-ITAT-2020(Mum)-TP
  • Tax Payer : Kellogg India Private Limited
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s restriction of corporate guarantee ALP to 0.5%; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-158-ITAT-2020(Mum)-TP
  • Tax Payer : Aditya Birla Nuvo Limited
Income tax Appellate Tribunal

ITAT:Appeal non-filing doesn’t tantamount to acceptance of TP-adjustment; Deletes sec.271(1)(c) penalty

  • In Favour of Assessee
  • Citation Number : TS-157-ITAT-2020(DEL)-TP
  • Tax Payer : Honda Trading Corporation India Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal challenging ITAT’s comparables selection absent substantial question of law

  • In Favour of Assessee
  • Citation Number : TS-156-HC-2020(BOM)-TP
  • Tax Payer : Eight Roads Investment Advisors Pvt Ltd (Formerly known as FIL Capital Advisors India Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Rejects Nil-ALP determination for intra-group services sans prescribed method application; Turns down ‘Benefit-test’

  • In Favour of Assessee
  • Citation Number : TS-155-ITAT-2020(Mum)-TP
  • Tax Payer : Millward Brown Market Research Services India Private Limited
Income tax Appellate Tribunal

ITAT: Treats final assessment order u/s. 144C(13) as ‘time-barred’ considering objections before DRP held ‘invalid’

  • In Favour of Assessee
  • Citation Number : TS-154-ITAT-2020(PUN)-TP
  • Tax Payer : TDK Electronics AG (Formerly known as EPCOS AG)
Income tax Appellate Tribunal

ITAT: Excludes Government entities, companies with high-RPT and functional dissimilarity for channel distributor

  • In Favour of Both, Partially
  • Citation Number : TS-152-ITAT-2020(Mum)-TP
  • Tax Payer : NGC NETWORK (INDIA) PRIVATE LIMITED
Income tax Appellate Tribunal

ITAT: Includes comparable meeting turnover criteria and absent DRP’s comment on functional disparity

  • In Favour of Assessee
  • Citation Number : TS-151-ITAT-2020(Mum)-TP
  • Tax Payer : Schindler India Private Limtied
Income tax Appellate Tribunal

ITAT: Excludes Ladderup, Motilal Oswal for non-binding investment advisor; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-150-ITAT-2020(Mum)-TP
  • Tax Payer : Kitara Capital Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Assessment on non-existing amalgamated entity voi-ab-initio & unsustainable; Follows Maruti Suzuki SC-ruling

  • In Favour of Assessee
  • Citation Number : TS-149-ITAT-2020(Mum)-TP
  • Tax Payer : Siemens Limited (Successor in Interest to Siemens VIA Metals Technologies Private Limited)
Income tax Appellate Tribunal

ITAT: Rejects Nil-ALP for services provided by AE; Disallowance u/s.37 beyond TPO's jurisdiction

  • In Favour of Assessee
  • Citation Number : TS-148-ITAT-2020(DEL)-TP
  • Tax Payer : Motorola Mobility Chennai Pvt Ltd