Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT: Rejects exclusion of companies selected in previous year absent change in functional-profiles

  • In Favour of Both, Partially
  • Citation Number : TS-1229-ITAT-2019(Mum)-TP
  • Tax Payer : China First Metallurgical Construction India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in software, ITeS segments; Excludes prior period income from PLI

  • In Favour of Assessee
  • Citation Number : TS-1228-ITAT-2019(COCH)-TP
  • Tax Payer : Allianz Services Private Limited, (formerly known as Allianz Cornhill Information Services Private Limited)
Income tax Appellate Tribunal

ITAT:Disapproves deviation in AO’s final assessment order from draft order, absent DRP-directions

  • In Favour of Both, Partially
  • Citation Number : TS-1226-ITAT-2019(Mum)-TP
  • Tax Payer : SI Group India Limited
Income tax Appellate Tribunal

ITAT:Upholds TP-adjustment on bogus specified domestic transaction; Relies on Marshal Multitrade ruling

  • In Favour of Revenue
  • Citation Number : TS-6-ITAT-2020(Mum)-TP
  • Tax Payer : Imperial Mark Trade (I) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on Samsung India’s AMP-expenses, outstanding AE-receivables & fixed assets sale

  • In Favour of Assessee
  • Citation Number : TS-5-ITAT-2020(DEL)-TP
  • Tax Payer : Samsung India Electronics Pvt Ltd
Income tax Appellate Tribunal

ITAT:Accepts LIBOR+200 bps as arm's length interest rate for AE-loan; Follows Tata Autocomp HC-ruling

  • In Favour of Both, Partially
  • Citation Number : TS-4-ITAT-2020(Mum)-TP
  • Tax Payer : Bombay Rayon Holdings Ltd
Income tax Appellate Tribunal

ITAT:Excludes 5 comparables citing turnover filter failure for software developer; Follows Genesis ruling

  • In Favour of Both, Partially
  • Citation Number : TS-1225-ITAT-2019(Bang)-TP
  • Tax Payer : Analog Devices India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects Sec 10A-deduction restriction absent agreement for earning higher TP-margins; Follows Quick MD ruling

  • In Favour of Assessee
  • Citation Number : TS-1224-ITAT-2019(HYD)-TP
  • Tax Payer : Annapurna Business Solutions
Income tax Appellate Tribunal

ITAT:CIT(A) not empowered to remand matter back to AO; Remits TP-adjustment issue

  • In Favour of Revenue
  • Citation Number : TS-3-ITAT-2020(Mum)-TP
  • Tax Payer : Aeco India Pvt Ltd
High Court

HC:Quashes TPO’s-order passed without issuing notice regarding additional material relied on

  • In Favour of Assessee
  • Citation Number : TS-1223-HC-2019(MAD)-TP
  • Tax Payer : Acme Commodities Pvt Ltd
High Court

HC: Parliament repealing SDT provision has 'obliterating' effect; Sans savings-clause, TPO reference invalid

  • In Favour of Assessee
  • Citation Number : TS-1222-HC-2019(KAR)-TP
  • Tax Payer : Texport Overseas Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds Sec.10A-deduction absent agreement between parties for earning higher TP-margins; Follows earlier-orders

  • In Favour of Assessee
  • Citation Number : TS-2-ITAT-2020(PUN)-TP
  • Tax Payer : Eaton Industries Pvt Ltd (New merged with Eaton Technologies Pvt. Ltd.,)
Income tax Appellate Tribunal

ITAT: Excludes 2 merchant-banking companies for benchmarking Standard & Poor’s credit-rating support services

  • In Favour of Assessee
  • Citation Number : TS-1-ITAT-2020(DEL)-TP
  • Tax Payer : Standard & Poor’s South Asia Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on ALP-determination of management fees; Considers approach in subsequent years APA

  • In Favour of Assessee
  • Citation Number : TS-1221-ITAT-2019(Ahd)-TP
  • Tax Payer : BUNDY INDIA LIMITED
Income tax Appellate Tribunal

ITAT: Upholds application of Rs.200cr turnover-filter; Rules on comparables-selection for software-development service provider

  • In Favour of Both, Partially
  • Citation Number : TS-1503-ITAT-2018(Bang)-TP
  • Tax Payer : Autodesk India Private Ltd
Income tax Appellate Tribunal

ITAT: Remits comparable-selection, citing TPO/CIT(A)’s ‘slipshot TP-analysis’ without FAR analysis for automobile AC-parts manufacturer

  • In Favour of Both, Partially
  • Citation Number : TS-1220-ITAT-2019(DEL)-TP
  • Tax Payer : Sanden Vikas India Limited
Income tax Appellate Tribunal

ITAT:Adopts RPM as MAM for assessee’s trading segment; Restricts TP-adjustment to international-transaction

  • In Favour of Assessee
  • Citation Number : TS-1219-ITAT-2019(DEL)-TP
  • Tax Payer : Alcoa India Private Ltd
Income tax Appellate Tribunal

ITAT: Holds corporate guarantee not international transaction for AY 2011-12; Deletes TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-1218-ITAT-2019(DEL)-TP
  • Tax Payer : Spentex Industries Limited
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on outstanding AE-receivables; Follows Kusum Health Care ruling

  • In Favour of Assessee
  • Citation Number : TS-1217-ITAT-2019(DEL)-TP
  • Tax Payer : Target Sourcing Services India Private Limited
Income tax Appellate Tribunal

ITAT: Benchmarks interest free foreign AE loans at LIBOR, follows Everest Kento HC ruling

  • In Favour of Assessee
  • Citation Number : TS-1216-ITAT-2019(Mum)-TP
  • Tax Payer : Oriental Aromatics Limited (amalgamated with Camphor and Allied Products Limited. Changed its name to Oriental Aromatics Limited