Rulings ( 11975 results )

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Income tax Appellate Tribunal

ITAT: Upholds segregation of Distribution, Production segments; Rejects TPO’s incorrect comparable margin computation

  • In Favour of Both, Partially
  • Citation Number : TS-127-ITAT-2020(PUN)-TP
  • Tax Payer : MAN Diesel & Turbo India Pvt Ltd
Income tax Appellate Tribunal

ITAT:No Sec.271BA-penalty for non-furnishing Form 3CEB to report SDT considering Sec 92BA(i) omission

  • In Favour of Assessee
  • Citation Number : TS-126-ITAT-2020(CTK)-TP
  • Tax Payer : SKM-UMSL JV
Income tax Appellate Tribunal

ITAT:Sets aside DRP’s ‘cryptic order’ rejecting assessee’s objections sans cogent, germane reasons

  • In Favour of Both, Partially
  • Citation Number : TS-125-ITAT-2020(Bang)-TP
  • Tax Payer : Walvoil Fluid Power India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables applying Rs1-200cr turnover filter; Deletes negative working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-123-ITAT-2020(Bang)-TP
  • Tax Payer : Digital Juice Animations Private Limited
Income tax Appellate Tribunal

ITAT: Includes Caliber Point, excludes MPS Limited as comparables for ITeS-provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-122-ITAT-2020(Mum)-TP
  • Tax Payer : Maersk Global Service Centres India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes Thirdware Solutions citing unavailability of segmental details; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-121-ITAT-2020(PUN)-TP
  • Tax Payer : Velocity Tech-Sol India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in software, ITeS segments; Remits outstanding AE-receivables TP-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-120-ITAT-2020(Bang)-TP
  • Tax Payer : CGI Information Systems & Management Consultation Pvt Ltd (Formerly M/s.Logica Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT:Remits TP-issue; Holds TPO’s comparables selection without basis as against justice principles

  • In Favour of Assessee
  • Citation Number : TS-119-ITAT-2020(Bang)-TP
  • Tax Payer : GE BE Pvt Ltd
Income tax Appellate Tribunal

ITAT: Classifies interest-free AE-loans advanced to redeem preference shares as quasi capital; Deletes TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-118-ITAT-2020-TP
  • Tax Payer : Bialkhia Holdings Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment for NR assessee considering transaction held at ALP for Indian-AE

  • In Favour of Assessee
  • Citation Number : TS-117-ITAT-2020(Kol)-TP
  • Tax Payer : AT & S Austria Technologie & Systemtechnik Aktiongesellschaft
Income tax Appellate Tribunal

ITAT: Rules on comparables selection; Restores comparables not challenged before DRP for fresh examination

  • In Favour of Assessee
  • Citation Number : TS-115-ITAT-2020(Mum)-TP
  • Tax Payer : SmartStream Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Sets-aside CIT(A)'s ex-parte order; Remits TP-issue for readjudication

  • In Favour of Assessee
  • Citation Number : TS-114-ITAT-2020(CHNY)-TP
  • Tax Payer : Schneider Electric Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Letter of Comfort issuance, not international transaction; Rejects its re-characterization as guarantee

  • In Favour of Assessee
  • Citation Number : TS-113-ITAT-2020(Mum)-TP
  • Tax Payer : Tata International Limited
Income tax Appellate Tribunal

ITAT:Dismisses Revenue’s appeal; Upholds internal CUP as MAM for garments export transactions

  • In Favour of Assessee
  • Citation Number : TS-112-ITAT-2020(Bang)-TP
  • Tax Payer : Gokaldas Images Pvt Ltd
Income tax Appellate Tribunal

ITAT:Draft assessment order cannot be treated as final by issuing corrigendum; Follows Oracle

  • In Favour of Assessee
  • Citation Number : TS-111-ITAT-2020(DEL)-TP
  • Tax Payer : North Shore Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 6 comparables for captive software development & support service provider

  • In Favour of Assessee
  • Citation Number : TS-110-ITAT-2020(PUN)-TP
  • Tax Payer : eGain Communications Pvt Ltd
Income tax Appellate Tribunal

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

  • In Favour of Both, Partially
  • Citation Number : TS-109-ITAT-2020(Bang)-TP
  • Tax Payer : Goldman Sachs Services Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes intra-group services TP-adjustment; Holds DRP has no jurisdiction to determine agreement format

  • In Favour of Assessee
  • Citation Number : TS-108-ITAT-2020(Mum)-TP
  • Tax Payer : Megger India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables remits risk-adjustment for technical engineering service provider

  • In Favour of Assessee
  • Citation Number : TS-107-ITAT-2020(DEL)-TP
  • Tax Payer : Haldor Topsoe India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds interest free AE-loan subject to ALP-determination; Remits issue following Instrumentarium SB-ruling

  • In Favour of Both, Partially
  • Citation Number : TS-106-ITAT-2020(Bang)-TP
  • Tax Payer : Shilpa Medicare Ltd