Rulings ( 11975 results )

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Income tax Appellate Tribunal

ITAT: Rules on comparables selection for software developer; Treats FOREX as operating item

  • In Favour of Both, Partially
  • Citation Number : TS-147-ITAT-2020(Bang)-TP
  • Tax Payer : BrocadeCommunications Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment towards interest on receivables for debt-free assessee; Follows Bechtel HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-146-ITAT-2020(DEL)-TP
  • Tax Payer : VOSSLOH BEEKAY CASTINGS LTD
Income tax Appellate Tribunal

ITAT: Excludes comparables citing functional dissimilarity, outsourcing of work, extraordinary event for ITeS-provider

  • In Favour of Assessee
  • Citation Number : TS-145-ITAT-2020(Mum)-TP
  • Tax Payer : Travelex India Private Limited
Income tax Appellate Tribunal

ITAT:Admits additional evidence; Remits TP-adjustment on account of cost reimbursement

  • In Favour of Assessee
  • Citation Number : TS-144-ITAT-2020(Mum)-TP
  • Tax Payer : Kodak India Pvt Ltd (Formerly Kodak India Ltd.)
Income tax Appellate Tribunal

ITAT: Deletes intra-group services TP-adjustment; Considers AE's AAR-ruling demonstrating service receipt/benefit

  • In Favour of Assessee
  • Citation Number : TS-143-ITAT-2020(Mum)-TP
  • Tax Payer : Anheuser Busch InBev India Ltd. (Earlier known as SABMiller India Ltd.)
Income tax Appellate Tribunal

ITAT: Confirms interest-adjustment on OFCDs at LIBOR+ spread; Fixes corporate guarantee ALP at 1%

  • In Favour of Both, Partially
  • Citation Number : TS-142-ITAT-2020(CHNY)-TP
  • Tax Payer : Siva Ventures Ltd (Now Merged with M/s.Siva Industries & Holdings Ltd.)
Income tax Appellate Tribunal

ITAT: MPS Ltd’s high end KPO activities incomparable to assessee’s BPO services; Excludes comparable

  • In Favour of Assessee
  • Citation Number : TS-141-ITAT-2020(PUN)-TP
  • Tax Payer : Symantec Software India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 8 comparables citing high turnover, functional dissimilarity for software developer

  • In Favour of Assessee
  • Citation Number : TS-140-ITAT-2020(Bang)-TP
  • Tax Payer : Mformation Software Technologies (I) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s adoption of internal TNMM; Excludes 3 comparables for ITeS-provider

  • In Favour of Assessee
  • Citation Number : TS-139-ITAT-2020(Bang)-TP
  • Tax Payer : E4E Business Solutions India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds internal-TNMM for purchase transactions; Deletes TP-adjustment on corporate support services payments

  • In Favour of Assessee
  • Citation Number : TS-138-ITAT-2020(PUN)-TP
  • Tax Payer : Eaton Fluid Power Limited
Income tax Appellate Tribunal

ITAT: Remits issue of selection of MAM and ALP-determination for advisory-services, follows precedents

  • In Favour of Assessee
  • Citation Number : TS-137-ITAT-2020(PUN)-TP
  • Tax Payer : Emerson Climate Technologies (India) Private Limited
Income tax Appellate Tribunal

ITAT: Upholds deletion of Acer India’s AMP-adjustment; Follows subsequent year order

  • In Favour of Assessee
  • Citation Number : TS-136-ITAT-2020(Bang)-TP
  • Tax Payer : Acer India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits management fees TP-adjustment to consider applicability of subsequent year APA

  • In Favour of Both, Partially
  • Citation Number : TS-135-ITAT-2020(PUN)-TP
  • Tax Payer : Cummins India Limited
Income tax Appellate Tribunal

ITAT:Remits comparables; Directs TPO to consistently apply forex income filter

  • In Favour of Both, Partially
  • Citation Number : TS-134-ITAT-2020(Bang)-TP
  • Tax Payer : Kintetsu World Express (India) Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 2 high turnover comparables for software developer; Follows Nielsen, Genisys rulings

  • In Favour of Assessee
  • Citation Number : TS-133-ITAT-2020(Bang)-TP
  • Tax Payer : Ametek Instruments India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Stresses on ‘similar’ comparables selection irrespective of TP-method; Rejects TNMM for trading-segment

  • In Favour of Both, Partially
  • Citation Number : TS-132-ITAT-2020(PUN)-TP
  • Tax Payer : MTU India Private Limited
Income tax Appellate Tribunal

ITAT: Upholds deletion of notional interest on export receivables; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-131-ITAT-2020(Mum)-TP
  • Tax Payer : WNS Global Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: AO’s SDT non-reference to TPO not erroneous/prejudicial; Quashes revision order citing Sec 92BA(i)-withdrawal

  • In Favour of Assessee
  • Citation Number : TS-130-ITAT-2020(Kol)-TP
  • Tax Payer : Kritika Wires Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s appeal; Confirms DRP’s order excluding/including comparables

  • In Favour of Assessee
  • Citation Number : TS-129-ITAT-2020(PUN)-TP
  • Tax Payer : FIS Solutions (India) Private Limited, Formerly known as M/s. SunGard Solutions India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Grants economic adjustment on imports on account of excess AMP-spend vis-a-vis comparables

  • In Favour of Assessee
  • Citation Number : TS-128-ITAT-2020(Mum)-TP
  • Tax Payer : General Mills India Pvt Ltd