What is DIT (IT) v. Morgan Stanley & Co Inc. authority for?

The profits of a Permanent Establishment (PE) must be determined on the basis of what an independent enterprise would derive, using the Transactional Net Margin Method (TNMM) for profit attribution. When applying TNMM, the operating profit from an international transaction should be compared with the operating profit margin of comparables.

How many judgments cite DIT (IT) v. Morgan Stanley & Co Inc.?

90 judgments on BharatTax cite DIT (IT) v. Morgan Stanley & Co Inc. (162 Taxmann 165), spanning 2015 to 2026.

Which sections of the Income Tax Act does DIT (IT) v. Morgan Stanley & Co Inc. come up under?

It is most often cited in judgments turning on Section 143(3), Section 144C(13), Section 270A, Section 131, Section 131 of Income Tax Act, Section 144C(5).

DIT (IT) v. Morgan Stanley & Co Inc. (162 Taxmann 165)

General Reinsurance Corporation, United States of America vs. Assistant Commissioner of Income-Tax (International Taxation), Circle 2(3)(2), Mumbai

In the result, the Ground No

ITA 1817/MUM/2025[2022-23]Status: DisposedITAT Mumbai07 Jan 2026AY 2022-23

Bench: Shri Pawan Singh & Shri Girish Agrawal(Physical Hearing) General Reinsurance Corporation Acit (International Taxation), 1209, Orange Street Delaware, Vs Circle -2(3)(2), Mumbai Room No. 610, 6Th Floor, Kautilya Wilmington, United States, 19801 Usa Bhavan, G Block, Bandrakurla Complex, Bandra (East), [Pan:Aahcg8162B] Mumbai-400051. Appellant / Assessee Respondent / Revenue

Section 143(2)Section 143(3)Section 254(1)Section 9(1)

…IN THE INCOME TAX APPELLATE TRIBUNAL “I” BENCH, MUMBAI BEFORE SHRI PAWAN SINGH, JUDICIAL MEMBER AND SHRI GIRISH AGRAWAL, ACCOUNTANT MEMBER (Physical hearing) General Reinsurance Corporation ACIT (International Taxation), 1209, Orange Street Delaware, Vs Circle -2(3)(2), Mumbai Room No. 610, 6th Floor, Kautilya Wilmington, United States, 19801 USA Bhavan, G Block, BandraKurla Complex, Bandra (East), [PAN:AAHCG8162B] Mumbai-400051. Appellant / Assessee Respondent / Revenue Assessee by Shri Madhur Agarwal Advocate Revenue by Shri Krishna Kumar, Sr. DR Date of institution of appeal 18.03.2025 Date of hearing 16.10…

Warner Bros Distributing Inc., United States of America vs. The Assistant Commissioner of Income Tax, Circle International Taxation 4(3)(2), Mumbai

In the result, the appeal by the assessee is partly allowed

ITA 3411/MUM/2023[AY 2020-21]Status: DisposedITAT Mumbai13 Oct 2025

Bench: Shri Vikram Singh Yadavshri Sandeep Singh Karhail

For Appellant: Shri Deepak Chopra (virtually present)For Respondent: Shri Satya Pal Kumar, CIT (DR)

Section 143(3)Section 144CSection 144C(5)Section 9(1)(vi)

…IN THE INCOME TAX APPELLATE TRIBUNAL “I” BENCH, MUMBAI BEFORE SHRI VIKRAM SINGH YADAV, ACCOUNTANT MEMBER SHRI SANDEEP SINGH KARHAIL, JUDICIAL MEMBER ITA No.3411/MUM/2023 (Assessment Year 2020-21) Warner Bros Distributing Inc., 4000 Warner Boulevard, Burbank, California - 91522, United State of America PAN: AAACW6559R Appellant v/s Assistant Commissioner of Income Tax, Circle International Taxation 4(3)(2), Mumbai Respondent Assessee by : Shri Deepak Chopra (virtually present) Shri Rohan Khare Revenue by : Shri Satya Pal Kumar, CIT (DR) Date of Hearing – 16/07/2025 Date of Order - /10/2025 ORDER PER SANDEEP SINGH…

Micro Focus Software Inc., Usa vs. The Deputy Commissioner of Income-Tax, Circle 3(2)(2), International Taxation, Mumbai

In the result, the appeal is allowed

ITA 4768/MUM/2023[2021-22]Status: DisposedITAT Mumbai06 Sept 2024AY 2021-22

Bench: Ms. Kavitha Rajagopal & Smt. Renu Jauhrimicro Focus Software Inc. V/S. Dcit,(International Tax) बनाम (Formerly Known As Novell Circle 3(2)(2), Inc.) 16Th Floor, Air India Laurel, Block D, 65/2, Building, Nariman Point, Bagmane Tech Park, C. V. Mumbai-400021 Raman Nagar, Byrasandra, Bangalore, Karnataka, India- 560093 स्थायी लेखा सं./जीआइआर सं./Pan/Gir No: Aabcn5034F Appellant/अपीलार्थी .. Respondent/प्रतिवादी

For Appellant: Shri Ketan VedFor Respondent: Shri Anil Sant

Section 143(3)Section 144C(5)Section 234ASection 270A

…IN THE INCOME-TAX APPELLATE TRIBUNAL “I” BENCH, MUMBAI BEFORE MS. KAVITHA RAJAGOPAL JUDICIAL MEMBER & SMT. RENU JAUHRI, ACCOUNTANT MEMBER Micro Focus Software Inc. v/s. DCIT,(International Tax) बनाम (formerly known as Novell Circle 3(2)(2), Inc.) 16th Floor, Air India Laurel, block D, 65/2, Building, Nariman Point, Bagmane Tech Park, C. V. Mumbai-400021 Raman Nagar, Byrasandra, Bangalore, Karnataka, India- 560093 स्थायी लेखा सं./जीआइआर सं./PAN/GIR No: AABCN5034F Appellant/अपीलार्थी .. Respondent/प्रतिवादी Appellant by : Shri Ketan Ved Respondent by : Shri Anil Sant Date of Hearing 11.06.2024 Date of Pronouncem…

Deputy Commissioner Income Tax, Circle-3(1)(1), Benglauru, Bengaluru vs. Goldman Sachs Services Pvt Ltd, Bengaluru

In the result, the appeal of the assessee is partly allowed for statistical purposes

ITA 1242/BANG/2024[2013-14]Status: DisposedITAT Bangalore06 Aug 2024AY 2013-14

Bench: Shri Chandra Poojari & Shri Keshav Dubey

For Appellant: Sri Sharat Rao, A.RFor Respondent: Ms. Neera Malhotra, D.R

Section 195Section 201(1)Section 40Section 9(1)(vii)

…ITA Nos.1241 & 1242/Bang/2024 M/s. Goldman Sachs Services Pvt. Ltd., Bangalore IN THE INCOME TAX APPELLATE TRIBUNAL “C’’ BENCH: BANGALORE BEFORE SHRI CHANDRA POOJARI, ACCOUNTANT MEMBER AND SHRI KESHAV DUBEY, JUDICIAL MEMBER ITA No.1241 & 1242/Bang/2024 Assessment Year: 2011-12 & 2013-14 M/s. Goldman Sachs Services Pvt. Ltd. Helios Business Park DCIT 150 Outer Ring Road Circle-3(1)(1) Vs. Kadubeesanahalli Bangalore Bangalore 560 103 Karnataka PAN No.AACCG2435N APPELLANT RESPONDENT Assessee by : Sri Sharat Rao, A.R. Revenue by : Ms. Neera Malhotra, D.R. Date of Hearing : 06.08.2024 Date of Pronouncement :…

Deputy Commissioner of Income Tax, Circle-3(1)(1), Bengaluru vs. Goldman Sachs Services Pvt. Ltd, Bengaluru

In the result, the appeal of the assessee is partly allowed for statistical purposes

ITA 1241/BANG/2024[2011-12]Status: DisposedITAT Bangalore06 Aug 2024AY 2011-12

Bench: Shri Chandra Poojari & Shri Keshav Dubey

For Appellant: Sri Sharat Rao, A.RFor Respondent: Ms. Neera Malhotra, D.R

Section 195Section 201(1)Section 40Section 9(1)(vii)

…ITA Nos.1241 & 1242/Bang/2024 M/s. Goldman Sachs Services Pvt. Ltd., Bangalore IN THE INCOME TAX APPELLATE TRIBUNAL “C’’ BENCH: BANGALORE BEFORE SHRI CHANDRA POOJARI, ACCOUNTANT MEMBER AND SHRI KESHAV DUBEY, JUDICIAL MEMBER ITA No.1241 & 1242/Bang/2024 Assessment Year: 2011-12 & 2013-14 M/s. Goldman Sachs Services Pvt. Ltd. Helios Business Park DCIT 150 Outer Ring Road Circle-3(1)(1) Vs. Kadubeesanahalli Bangalore Bangalore 560 103 Karnataka PAN No.AACCG2435N APPELLANT RESPONDENT Assessee by : Sri Sharat Rao, A.R. Revenue by : Ms. Neera Malhotra, D.R. Date of Hearing : 06.08.2024 Date of Pronouncement :…

Ab Sciex Pte Ltd, Singapore vs. ACIT, Circle Int Taxation 1(1)(1), New Delhi

In the result, the second issue which was remanded by the

ITA 1969/DEL/2022[2019-20]Status: DisposedITAT Delhi21 Mar 2024AY 2019-20

Bench: Sh. Shamim Yahya & Sh. Yogesh Kumar U.S.Ita No. 514/Del/2021, (A.Y. 2017-18) Ab Sciex Pte Ltd. Vs. Acit Block 33, 46 Marsiling Circle International Taxation Industrial Estate, 1(1)(1) Singapore. 739256 New Delhi Pan: Aanca1192P Appellant Respondent

…1 ITA Nos. 514, 1968 & 1969/Del/2022 AB /Sciex Pte Ltd. Vs. ACIT IN THE INCOME TAX APPELLATE TRIBUNAL, DELHI (DELHI BENCH ‘D’ NEW DELHI) BEFORE SH. SHAMIM YAHYA, ACCOUNTANT MEMBER AND SH. YOGESH KUMAR U.S., JUDICIAL MEMBER ITA No. 514/Del/2021, (A.Y. 2017-18) AB Sciex Pte Ltd. Vs. ACIT Block 33, 46 Marsiling Circle International Taxation Industrial Estate, 1(1)(1) Singapore. 739256 New Delhi PAN: AANCA1192P Appellant Respondent ITA No. 1968/Del/2022, (A.Y. 2018-19) AB Sciex Pte Ltd. Vs. ACIT Block 33, 46 Marsiling Circle International Taxation Industrial Estate, 1(1)(1) Singapore. 739256 New Delhi PAN: AANCA…

Ab Sciex Pte Ltd, Singapore vs. ACIT, Circle Int Taxation 1(1)(1), Delhi

In the result, the second issue which was remanded by the

ITA 1968/DEL/2022[2018-19]Status: DisposedITAT Delhi21 Mar 2024AY 2018-19

Bench: Sh. Shamim Yahya & Sh. Yogesh Kumar U.S.Ita No. 514/Del/2021, (A.Y. 2017-18) Ab Sciex Pte Ltd. Vs. Acit Block 33, 46 Marsiling Circle International Taxation Industrial Estate, 1(1)(1) Singapore. 739256 New Delhi Pan: Aanca1192P Appellant Respondent

…1 ITA Nos. 514, 1968 & 1969/Del/2022 AB /Sciex Pte Ltd. Vs. ACIT IN THE INCOME TAX APPELLATE TRIBUNAL, DELHI (DELHI BENCH ‘D’ NEW DELHI) BEFORE SH. SHAMIM YAHYA, ACCOUNTANT MEMBER AND SH. YOGESH KUMAR U.S., JUDICIAL MEMBER ITA No. 514/Del/2021, (A.Y. 2017-18) AB Sciex Pte Ltd. Vs. ACIT Block 33, 46 Marsiling Circle International Taxation Industrial Estate, 1(1)(1) Singapore. 739256 New Delhi PAN: AANCA1192P Appellant Respondent ITA No. 1968/Del/2022, (A.Y. 2018-19) AB Sciex Pte Ltd. Vs. ACIT Block 33, 46 Marsiling Circle International Taxation Industrial Estate, 1(1)(1) Singapore. 739256 New Delhi PAN: AANCA…

Ab Sciex Pte Ltd., Singapore vs. ACIT, Circle Int. Tax. 1(1)(1), New Delhi

In the result, the second issue which was remanded by the

ITA 514/DEL/2021[2017-18]Status: DisposedITAT Delhi21 Mar 2024AY 2017-18

Bench: Sh. Shamim Yahya & Sh. Yogesh Kumar U.S.Ita No. 514/Del/2021, (A.Y. 2017-18) Ab Sciex Pte Ltd. Vs. Acit Block 33, 46 Marsiling Circle International Taxation Industrial Estate, 1(1)(1) Singapore. 739256 New Delhi Pan: Aanca1192P Appellant Respondent

…1 ITA Nos. 514, 1968 & 1969/Del/2022 AB /Sciex Pte Ltd. Vs. ACIT IN THE INCOME TAX APPELLATE TRIBUNAL, DELHI (DELHI BENCH ‘D’ NEW DELHI) BEFORE SH. SHAMIM YAHYA, ACCOUNTANT MEMBER AND SH. YOGESH KUMAR U.S., JUDICIAL MEMBER ITA No. 514/Del/2021, (A.Y. 2017-18) AB Sciex Pte Ltd. Vs. ACIT Block 33, 46 Marsiling Circle International Taxation Industrial Estate, 1(1)(1) Singapore. 739256 New Delhi PAN: AANCA1192P Appellant Respondent ITA No. 1968/Del/2022, (A.Y. 2018-19) AB Sciex Pte Ltd. Vs. ACIT Block 33, 46 Marsiling Circle International Taxation Industrial Estate, 1(1)(1) Singapore. 739256 New Delhi PAN: AANCA…

Rga International Reinsurance Company Designated Authority Compqny, Mumbai vs. DCIT (International Taxation) 4(1) (1), Mumbai

In the result, appeal filed by the assessee is allowed

ITA 803/MUM/2022[2018-19]Status: DisposedITAT Mumbai06 Sept 2023AY 2018-19

Bench: Shri S. Rifaur Rahman, Hon'Ble & Shri Rahul Chaudhary, Hon'Ble

Section 143(2)Section 144C(5)

…IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “I”, MUMBAI BEFORE SHRI S. RIFAUR RAHMAN, HON'BLE ACCOUNTANT MEMBER AND SHRI RAHUL CHAUDHARY, HON'BLE JUDICIAL MEMBER ITA NOs. 803 & 2330/MUM/2022 (A.Ys: 2018-19& 2019-20) RGA International Reinsurance Company v. DCIT (Intl. Taxation) – 4(1)(1) Designated Activity Company Room No. 1712, 17th Floor C/o. Ernst and Young LLP Air India Building, 17th Floor, The Ruby Nariman Point, Mumbai – 400 021 29, Senapati Bapat Marg, Dadar (W) Mumbai - 400028 PAN: AADCR1226K (Appellant) (Respondent) Assessee Represented by : Shri Anish Thacker Department Represented by : Shri…

Fedex Express International B.V., Mumbai vs. ACIT( International Taxation)-2(3)(1), Mumbai

In the result, both the appeals of the assessee are allowed

ITA 2464/MUM/2022[2018-19]Status: DisposedITAT Mumbai31 Jul 2023AY 2018-19

Section 143(3)Section 244ASection 9(1)(i)

…IN THE INCOME TAX APPELLATE TRIBUNAL, ‘I‘ BENCH MUMBAI BEFORE: SHRI AMIT SHUKLA, JUDICIAL MEMBER & SHRI S RIFAUR RAHMAN, ACCOUNTANT MEMBER ITA No.2463/Mum/2022 & 2464/Mum/2022 (Assessment Year :2018-19 & 2019-20) M/s. Fedex Express Vs. Assistant Commissioner of International B.V. Income Tax (International 111, FedEx Express Taxation)-2(3)(1) International Centre Mumbai Taurusavenue Hoofddorp Amsterdam Netherlands PAN/GIR No.AADCF2700Q (Appellant) .. (Respondent) Assessee by Shri Sriram Seshadri / Shri Mehul Jain & Ms.Amulya Revenue by Shri Soumendu Kumar Dash Date of Hearing 27/06/2023 Date of Pronouncement…

Fedex Express International B.V., Mumbai vs. ACIT( International Taxation)-2(3)(1), Mumbai

In the result, both the appeals of the assessee are allowed

ITA 2463/MUM/2022[2019-20]Status: DisposedITAT Mumbai31 Jul 2023AY 2019-20

Section 143(3)Section 244ASection 9(1)(i)

…IN THE INCOME TAX APPELLATE TRIBUNAL, ‘I‘ BENCH MUMBAI BEFORE: SHRI AMIT SHUKLA, JUDICIAL MEMBER & SHRI S RIFAUR RAHMAN, ACCOUNTANT MEMBER ITA No.2463/Mum/2022 & 2464/Mum/2022 (Assessment Year :2018-19 & 2019-20) M/s. Fedex Express Vs. Assistant Commissioner of International B.V. Income Tax (International 111, FedEx Express Taxation)-2(3)(1) International Centre Mumbai Taurusavenue Hoofddorp Amsterdam Netherlands PAN/GIR No.AADCF2700Q (Appellant) .. (Respondent) Assessee by Shri Sriram Seshadri / Shri Mehul Jain & Ms.Amulya Revenue by Shri Soumendu Kumar Dash Date of Hearing 27/06/2023 Date of Pronouncement…