Rulings ( 11528 results )

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Income tax Appellate Tribunal

ITAT: Allows MP; Rectifies Tribunal's inadvertent mistake in referring to wrong comparable in original-order

Dec 16, 2019
  • In Favour of Assessee
  • Citation Number : TS-1165-ITAT-2019(Bang)-TP
  • Tax Payer : Telsima Communications Pvt Ltd
Income tax Appellate Tribunal

ITAT: SAP implementation services not ‘stewardship activities’; Upholds CIT(A)’s TP-adjustment deletion

Dec 16, 2019
  • In Favour of Assessee
  • Citation Number : TS-1164-ITAT-2019(Kol)-TP
  • Tax Payer : Wacker Metroark Chemicals Private Limited
Income tax Appellate Tribunal

ITAT: Rejects negative working-capital adjustment for assessee having high AE-exports; Rules on comparables

Dec 16, 2019
  • In Favour of Assessee
  • Citation Number : TS-1163-ITAT-2019(DEL)-TP
  • Tax Payer : Ocap Chassis Parts Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits ALP-determination of technical fees; Directs TPO to consider assessee’s evidences

Dec 16, 2019
  • In Favour of Assessee
  • Citation Number : TS-1162-ITAT-2019(Bang)-TP
  • Tax Payer : Meritor HVS (India) Ltd
Income tax Appellate Tribunal

ITAT:Rejects assessee's cost base enhancement considering FOB-value of goods sourced; Follows precedents

Dec 16, 2019
  • In Favour of Assessee
  • Citation Number : TS-1161-ITAT-2019(DEL)-TP
  • Tax Payer : Mitsubishi Corporation India P Ltd
Income tax Appellate Tribunal

ITAT: Benchmarks interest-free foreign AE-loans at US LIBOR+170 bps; Relies on earlier order

Dec 16, 2019
  • In Favour of Assessee
  • Citation Number : TS-1160-ITAT-2019(DEL)-TP
  • Tax Payer : Aithent Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT:Quashes Sec.263-order; Sec.40A(2)(b) amounts mismatch doesn’t warrant TPO-reference absent Instruction.3/2016 conditions fulfillment

Dec 16, 2019
  • In Favour of Assessee
  • Citation Number : TS-1159-ITAT-2019(Kol)-TP
  • Tax Payer : Eveready Industries India Ltd
Supreme Court

SC: Dismisses Revenue’s SLP against HC-order confirming comparable selection citing low-tax effect

Dec 13, 2019
  • In Favour of Assessee
  • Citation Number : TS-1158-SC-2019-TP
  • Tax Payer : Evalueserve SEZ (Gurgaon) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparable-selection for software-service and marketing support-service provider

Dec 13, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1157-ITAT-2019(Bang)-TP
  • Tax Payer : Verisign Services India Private Limited
Income tax Appellate Tribunal

ITAT:Rules on comparables, remits working-capital adjustment for back-office support provider; Follows precedent

Dec 13, 2019
  • In Favour of Assessee
  • Citation Number : TS-1156-ITAT-2019(Mum)-TP
  • Tax Payer : BP India Service Private Limited
Income tax Appellate Tribunal

ITAT: Allows assessee’s MP; Recalls Tribunal-order for adjudicating comparability of ‘Sasken Communication Technologies’

Dec 13, 2019
  • In Favour of Assessee
  • Citation Number : TS-1155-ITAT-2019(Bang)-TP
  • Tax Payer : HEWLETT PACKARD INDIA SOFTWARE OPERATION PVT LTD
Income tax Appellate Tribunal

ITAT: Includes comparable adopting ‘re-casted financial results’ to match with assessee’s year-end

Dec 13, 2019
  • In Favour of Assessee
  • Citation Number : TS-1154-ITAT-2019(DEL)-TP
  • Tax Payer : Axis Risk Consulting Services
Income tax Appellate Tribunal

ITAT: Excludes comparables for software developer, grants working capital adjustment; Follows earlier order

Dec 13, 2019
  • In Favour of Assessee
  • Citation Number : TS-1153-ITAT-2019(Mum)-TP
  • Tax Payer : Emerson Electric Company (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Treats forex gain/loss as operating item; Grants risk-adjustment for business support service-provider

Dec 12, 2019
  • In Favour of Assessee
  • Citation Number : TS-1152-ITAT-2019(DEL)-TP
  • Tax Payer : Exxon Mobil Gas (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparable-selection; Rejects application of revised filter in set-aside proceedings

Dec 12, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1151-ITAT-2019(DEL)-TP
  • Tax Payer : Omniglobe Information Technologies (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects foreign-AE as tested party, allows depreciation adjustment; Follows earlier order

Dec 12, 2019
  • In Favour of Assessee
  • Citation Number : TS-1150-ITAT-2019(PUN)-TP
  • Tax Payer : Bekaert Industries Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables citing huge turnover, margin fluctuation etc.; Follows precedents

Dec 12, 2019
  • In Favour of Assessee
  • Citation Number : TS-1149-ITAT-2019(Bang)-TP
  • Tax Payer : Micro Focus Software India Pvt Ltd (form erly known as Novell Software Development (India) Pvt.Ltd.)
Income tax Appellate Tribunal

ITAT: Directs re-examination of evidences; Holds TPO cannot proceed on mere presumptions/ surmises

Dec 12, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1148-ITAT-2019(DEL)-TP
  • Tax Payer : Avery Dennison India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs FAR comparison of subject transactions with APA-covered transactions; Remits issue

Dec 12, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1147-ITAT-2019(Bang)-TP
  • Tax Payer : Festo India Pvt Ltd
Income tax Appellate Tribunal

ITAT:‘Pre-press BPO services’ incomparable with assessee’s Infrastructure support IT-services, excludes Universal Print Systems

Dec 11, 2019
  • In Favour of Assessee
  • Citation Number : TS-1146-ITAT-2019(PUN)-TP
  • Tax Payer : Compucom CSI Systems India Private Limited