Rulings ( 11528 results )

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Income tax Appellate Tribunal

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

Jan 08, 2020
  • 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

Jan 07, 2020
  • 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

Jan 06, 2020
  • 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

Jan 06, 2020
  • 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

Jan 06, 2020
  • 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

Jan 06, 2020
  • 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

Jan 06, 2020
  • 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

Jan 03, 2020
  • 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

Jan 03, 2020
  • 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

Jan 03, 2020
  • 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

Jan 03, 2020
  • 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

Jan 02, 2020
  • 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
Income tax Appellate Tribunal

ITAT:Remits TP-issue for fresh-consideration considering CIT(A)’s ex-parte order sans decision on merits

Jan 02, 2020
  • In Favour of Assessee
  • Citation Number : TS-1215-ITAT-2019(DEL)-TP
  • Tax Payer : STRYKER INDIA PRIVATE LIMITED
Income tax Appellate Tribunal

ITAT: Allows assessee’s-MA; Modifies Tribunal-order w.r.t ALP-determination for sale of carpets, credit period

Jan 02, 2020
  • In Favour of Assessee
  • Citation Number : TS-1214-ITAT-2019(JPR)-TP
  • Tax Payer : Jaipur Rugs Co Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes AMP-adjustment for distributor-assessee; Treats subvention amount as operating item

Jan 02, 2020
  • In Favour of Assessee
  • Citation Number : TS-1213-ITAT-2019(DEL)-TP
  • Tax Payer : MSD Pharmaceuticals (P) Ltd
Income tax Appellate Tribunal

ITAT:Quashes Sec.263-order; AO’s SDT non-reference to TPO not erroneous considering Sec 92B(1) omission

Jan 02, 2020
  • In Favour of Assessee
  • Citation Number : TS-1212-ITAT-2019(Kol)-TP
  • Tax Payer : AIC Iron Industries Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds Sec 271G penalty deletion for diamond merchant; Follows Leo Schachter ruling

Jan 02, 2020
  • In Favour of Assessee
  • Citation Number : TS-1211-ITAT-2019(Mum)-TP
  • Tax Payer : Arjav Diamond India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-determination of IT, Management Services to consider assessee’s documentary evidences

Jan 01, 2020
  • In Favour of Assessee
  • Citation Number : TS-1210-ITAT-2019(Bang)-TP
  • Tax Payer : Incap Contract Manufacturing Services Pvt Ltd
Income tax Appellate Tribunal

ITAT:Assessee's Indian-agent not PE when remunerated at ALP in terms of APA

Jan 01, 2020
  • In Favour of Assessee
  • Citation Number : TS-1209-ITAT-2019(Mum)-TP
  • Tax Payer : CMA CGM SA
Income tax Appellate Tribunal

ITAT: Rules on comparables for ITES and software-development service provider; Remits working-capital adjustment

Jan 01, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-1208-ITAT-2019(Bang)-TP
  • Tax Payer : EMC Software and Services India Pvt Ltd