Rulings ( 11528 results )

Filters
Income tax Appellate Tribunal

ITAT:Upholds AMP-adjustment for Diageo considering existence of agreement with AE; Distinguishes earlier-order

Jan 01, 2020
  • In Favour of Both, Partially
  • Citation Number : TS-1206-ITAT-2019(Mum)-TP
  • Tax Payer : Diageo India Pvt Ltd
High Court

HC:Admits appeal against ITAT-order rejecting stay on demand arising from TP-adjustment

Dec 31, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1205-HC-2019(DEL)-TP
  • Tax Payer : NYMPHEA DEVELOPERS PVT LTD
High Court

HC:Admits Bombardier’s appeal against ITAT-order confirming TP-adjustment on intra-group services

Dec 31, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1204-HC-2019(DEL)-TP
  • Tax Payer : Bombardier Transportation India Pvt Ltd
High Court

HC: Sec.144C, not ‘procedural’ but ‘substantive’ change in assessment, applicable prospectively from AY 2010-11

Dec 31, 2019
  • In Favour of Assessee
  • Citation Number : TS-1203-HC-2019(MAD)-TP
  • Tax Payer : Vedanta Limited
Income tax Appellate Tribunal

ITAT: Rejects TPO’s management fees TP-adjustment by resorting to ad-hoc unilateral pricing

Dec 30, 2019
  • In Favour of Assessee
  • Citation Number : TS-1202-ITAT-2019(Mum)-TP
  • Tax Payer : Brinks India Pvt Ltd (Formerly known as ‘Brinks Arya (India) Private Ltd.’)
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustments on AE-loan, share application money, hedging loss; Follows earlier orders

Dec 30, 2019
  • In Favour of Assessee
  • Citation Number : TS-1201-ITAT-2019(Mum)-TP
  • Tax Payer : Aries Agro Ltd
Income tax Appellate Tribunal

ITAT: Deletes Sec.271G penalty; Considers information submission difficult for diamond merchants

Dec 26, 2019
  • In Favour of Assessee
  • Citation Number : TS-1200-ITAT-2019(Mum)-TP
  • Tax Payer : D Navinchandra Gems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for product engineering services provider; Holds forex fluctuation loss non-operating

Dec 26, 2019
  • In Favour of Assessee
  • Citation Number : TS-1199-ITAT-2019(COCH)-TP
  • Tax Payer : US Technology International Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts assessee’s Berry Ratio as PLI for benchmarking freight-services, rejects TPO’s OP/TC

Dec 26, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1198-ITAT-2019(Mum)-TP
  • Tax Payer : DHL Logistics Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on valves exports; Justifies loss-making transaction as pure business decision

Dec 26, 2019
  • In Favour of Assessee
  • Citation Number : TS-1197-ITAT-2019(Mum)-TP
  • Tax Payer : Audco India Limited
Income tax Appellate Tribunal

ITAT: Upholds Nil-ALP for shared services absent receipt proof; Remits ALP-determination of trademark-charges

Dec 24, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1196-ITAT-2019(PUN)-TP
  • Tax Payer : Knorr Bremse Systems for Commercial Vehicles India Private Limited (“KB India”)
Income tax Appellate Tribunal

ITAT: Rules on comparables; Excludes merchant banker for investment advisor

Dec 24, 2019
  • In Favour of Assessee
  • Citation Number : TS-1195-ITAT-2019(Mum)-TP
  • Tax Payer : Helix Investments Advisors India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs DRP to pass speaking order on TP-issues after addressing assessee’s objections

Dec 24, 2019
  • In Favour of Assessee
  • Citation Number : TS-1194-ITAT-2019(COCH)-TP
  • Tax Payer : Delphi Connection Systems India Pvt Ltd (Formerly FCI Technologies Services Ltd)
Income tax Appellate Tribunal

ITAT: Remits TP-addition made on account of intra-group services; Follows earlier order

Dec 24, 2019
  • In Favour of Assessee
  • Citation Number : TS-1193-ITAT-2019(DEL)-TP
  • Tax Payer : Caparo Enginering (I) P Ltd
Income tax Appellate Tribunal

ITAT: Deletes AMP-adjustment absent benefit to AE; Holds mere logo use not an international transaction

Dec 23, 2019
  • In Favour of Assessee
  • Citation Number : TS-1191-ITAT-2019(DEL)-TP
  • Tax Payer : Xerox Limited (previously known as Xerox Modicorp Limited)
Income tax Appellate Tribunal

ITAT: TPO's non-adherence of DRP-directions can't justify AO's-order passed without incorporating such directions

Dec 23, 2019
  • In Favour of Assessee
  • Citation Number : TS-1190-ITAT-2019(CHANDI)-TP
  • Tax Payer : Basware Corporation India
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on intra-group services; Need and rendition of services not within TPO’s jurisdiction

Dec 23, 2019
  • In Favour of Assessee
  • Citation Number : TS-1189-ITAT-2019(Ahd)-TP
  • Tax Payer : Gulbrandsen Chemicals P Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on reimbursement of expenditure to AE; Follows earlier-order

Dec 23, 2019
  • In Favour of Assessee
  • Citation Number : TS-1188-ITAT-2019(Mum)-TP
  • Tax Payer : U T Worldwide India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s TP-adjustment deletion w.r.t purchase and sale of traded goods

Dec 20, 2019
  • In Favour of Assessee
  • Citation Number : TS-1187-ITAT-2019(Mum)-TP
  • Tax Payer : Duty Free Distribution Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 13 comparables for benchmarking software services; Remits intra-group services TP-adjustment

Dec 20, 2019
  • In Favour of Assessee
  • Citation Number : TS-1186-ITAT-2019(Bang)-TP
  • Tax Payer : Safran Engineering Services India (P) Ltd (Formerly Safran Aerospace India Pvt Ltd)