Rulings ( 11528 results )

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Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar Excel Infoways for ITES-provider; Remits TP-adjustment on AE-receivables

Dec 19, 2019
  • In Favour of Assessee
  • Citation Number : TS-1185-ITAT-2019(Mum)-TP
  • Tax Payer : Tech Mahindra Business Services Limited (Formerly known as Hutchison Global Services Limited)
Income tax Appellate Tribunal

ITAT: Includes Thinksoft for software-developer considering verification & validation part of software development

Dec 19, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1184-ITAT-2019(DEL)-TP
  • Tax Payer : Netlink Software Pvt. Ltd
High Court

HC:Dismisses Revenue’s appeal, citing low-tax effect, against ITAT-order on working capital adjustment

Dec 19, 2019
  • In Favour of Assessee
  • Citation Number : TS-1183-HC-2019(MAD)-TP
  • Tax Payer : Foxteq Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits capacity adjustment issue for assessee manufacturer in second year of operation

Dec 19, 2019
  • In Favour of Assessee
  • Citation Number : TS-1182-ITAT-2019(DEL)-TP
  • Tax Payer : TPR Autoparts Mfg India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 6 comparables for ITes-provider citing huge intangibles, segmental-unavailability etc; Follows precedents

Dec 19, 2019
  • In Favour of Assessee
  • Citation Number : TS-1181-ITAT-2019(DEL)-TP
  • Tax Payer : Evalueserve.com Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rectifies comparables selection to include 2 functionally similar companies in Microsoft India case

Dec 19, 2019
  • In Favour of Assessee
  • Citation Number : TS-1180-ITAT-2019(DEL)-TP
  • Tax Payer : Microsoft India (R&D) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustments absent prescribed method application u/s.92C; Follows precedents

Dec 19, 2019
  • In Favour of Assessee
  • Citation Number : TS-1179-ITAT-2019(Mum)-TP
  • Tax Payer : MC Retail Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparable-selection for captive R&D service provider; Disapproves cherry-picking of filters

Dec 18, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1178-ITAT-2019(Bang)-TP
  • Tax Payer : LM Wind Power Blades (India) Pvt Ltd., erstwhile LM Wind Power Technologies (India) PvtLtd
Income tax Appellate Tribunal

ITAT:Remits TP-adjustment on interest free advances; AO to consider RBI-Circular, Cotton Naturals HC-ruling

Dec 18, 2019
  • In Favour of Assessee
  • Citation Number : TS-1177-ITAT-2019(DEL)-TP
  • Tax Payer : Jindal Dyechem Industries Pvt Ltd
Income tax Appellate Tribunal

ITAT:No further profit-attribution to PE when ALP satisfied, follows Morgan-Stanley SC ruling

Dec 18, 2019
  • In Favour of Assessee
  • Citation Number : TS-1176-ITAT-2019(DEL)-TP
  • Tax Payer : Lummus Technology Heat Transfer BV
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on freight forwarding services absent TPO’s compliance Sec. 92C(3) in rejecting assessee’s internal-TNMM

Dec 18, 2019
  • In Favour of Assessee
  • Citation Number : TS-1175-ITAT-2019(Kol)-TP
  • Tax Payer : TKM Global Logistics Limited
Income tax Appellate Tribunal

ITAT: Excludes 5 comparables for software developer; Holds provisions written-back as operating item

Dec 18, 2019
  • In Favour of Assessee
  • Citation Number : TS-1174-ITAT-2019(Bang)-TP
  • Tax Payer : AMD India Private Limited
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on shared-services payments considering AE-support integral to assessee's main business

Dec 18, 2019
  • In Favour of Assessee
  • Citation Number : TS-1173-ITAT-2019(Mum)-TP
  • Tax Payer : Ipsos Research Pvt Ltd (in which Synovate India Private Limited has been amalgamated)
Income tax Appellate Tribunal

ITAT:Accepts assessee’s RPM; Directs TPO to include suitable companies for trading segment

Dec 18, 2019
  • In Favour of Assessee
  • Citation Number : TS-1172-ITAT-2019(Bang)-TP
  • Tax Payer : Avnet India Pvt.Ltd
Income tax Appellate Tribunal

ITAT: Rejects DRP’s ‘indirect remand’ to AO for disallowing AMP-expenses u/s 37(1)

Dec 18, 2019
  • In Favour of Assessee
  • Citation Number : TS-1171-ITAT-2019(DEL)-TP
  • Tax Payer : Moet Hennessy (I) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Recovery of administrative expenses, part of operating revenue; Follows earlier-order

Dec 17, 2019
  • In Favour of Assessee
  • Citation Number : TS-1170-ITAT-2019(Bang)-TP
  • Tax Payer : Emerson Automation Solutions Intelligent Platforms Pvt Ltd (Formerly GE Intelligent Platforms Pvt. Ltd., and earlier to that
Income tax Appellate Tribunal

ITAT: Excludes disallowed “sub-contracting expenses” from operating costs for PLI-computation; Follows precedents

Dec 17, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1169-ITAT-2019(Bang)-TP
  • Tax Payer : L3 Communications India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on interest on AE-receivables, comparables, capacity & working-capital adjustments for software-developer

Dec 17, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1168-ITAT-2019(HYD)-TP
  • Tax Payer : Cambridge Technology Enterprises Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-determination finding that assessee’s ‘cost+6 mark-up’ contention wasn’t submitted before CIT(A)

Dec 17, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1167-ITAT-2019(Mum)-TP
  • Tax Payer : Cherokee India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accounting year end difference irrelevant, only FAR comparison pertinent for tested-party selection

Dec 17, 2019
  • In Favour of Assessee
  • Citation Number : TS-1166-ITAT-2019(Kol)-TP
  • Tax Payer : TCG Digital Solutions (P) Ltd