Rulings ( 11528 results )

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Income tax Appellate Tribunal

ITAT:Quashes AO’s final order citing deliberate non-compliance of mandatory DRP-directions u/s 144C(10)

Dec 11, 2019
  • In Favour of Assessee
  • Citation Number : TS-1145-ITAT-2019(DEL)-TP
  • Tax Payer : Global One India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Restores MAM selection absent AE/non-AE segmental data to support assessee's internal-TNMM plea

Dec 11, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1144-ITAT-2019(Mum)-TP
  • Tax Payer : S B & T International Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on AE-receivables & guarantee fees; Excludes 2 comparables in software development segment

Dec 11, 2019
  • In Favour of Assessee
  • Citation Number : TS-1143-ITAT-2019(Kol)-TP
  • Tax Payer : Redtech Network India Private Limited
Income tax Appellate Tribunal

ITAT: Remits 40A(2)(b)-disallowance; Directs assesse to demonstrate administrative support services receipt

Dec 11, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1142-ITAT-2019(PUN)-TP
  • Tax Payer : Yazaki India Private Limited (Formerly known as Tata Yazaki AutoComp Limited)
Income tax Appellate Tribunal

ITAT: Production and distribution not ‘closely linked transactions’; Confirms TPO’s segregation under TNMM

Dec 11, 2019
  • In Favour of Revenue
  • Citation Number : TS-1141-ITAT-2019(PUN)-TP
  • Tax Payer : MAN Diesel & Turbo India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 7 comparables for software developer following precedent; Remits working capital adjustment

Dec 10, 2019
  • In Favour of Assessee
  • Citation Number : TS-1140-ITAT-2019(Bang)-TP
  • Tax Payer : Mann & Hummel Filter Private Limited
Income tax Appellate Tribunal

ITAT: Accepts sub-licensed royalty as internal-CUP for benchmarking royalty payment; Rejects Nil-ALP

Dec 10, 2019
  • In Favour of Assessee
  • Citation Number : TS-1139-ITAT-2019(Mum)-TP
  • Tax Payer : Nycomed Pharma Pvt Ltd
Income tax Appellate Tribunal

ITAT: Considers comparables not included by assessee initially; Remits for fresh ALP-determination

Dec 10, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1138-ITAT-2019(PUN)-TP
  • Tax Payer : Seco Tools India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 7 comparables citing functional dissimilarity, retains exclusion of 4 companies having high-turnover

Dec 10, 2019
  • In Favour of Assessee
  • Citation Number : TS-1137-ITAT-2019(Mum)-TP
  • Tax Payer : 3DPLM Software Solutions Ltd (Successor to Delmia Solutions Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Direct costs alone relevant for ALP-computation under RPM; Rejects TPO's indirect costs consideration

Dec 10, 2019
  • In Favour of Assessee
  • Citation Number : TS-1136-ITAT-2019(PUN)-TP
  • Tax Payer : Rosemount Tank Gauging India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on HSBC-India’s reciprocal services; Disapproves separate benchmarking of incidental services

Dec 10, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1135-ITAT-2019(Mum)-TP
  • Tax Payer : The Hongkong and Shanghai Banking Corporation Ltd
Income tax Appellate Tribunal

ITAT: Entertaining additional-evidence, calling for remand report within DRP’s purview; Follows Vodafone ruling

Dec 09, 2019
  • In Favour of Assessee
  • Citation Number : TS-1134-ITAT-2019(DEL)-TP
  • Tax Payer : Zamil Air Conditioners India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Sets aside DRP-order sans consideration of assessee’s objections against TPO’s comparables selection

Dec 09, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1133-ITAT-2019(DEL)-TP
  • Tax Payer : Rio Tinto India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on Chinese AE-loan absent interest accrual as per China’s laws

Dec 09, 2019
  • In Favour of Assessee
  • Citation Number : TS-1132-ITAT-2019(DEL)-TP
  • Tax Payer : Aricent Technologies Holdings Ltd
High Court

HC:Grants ad-interim stay on Sec 148-notice considering TP-issue favorably resolved in earlier years

Dec 09, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1131-HC-2019(BOM)-TP
  • Tax Payer : Lintas India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits issue for framing fresh assessment-order u/s. 172(4) after following Sec.144C path; Relies on co-ordinate bench

Dec 09, 2019
  • In Favour of Assessee
  • Citation Number : TS-1130-ITAT-2019(Rjt)-TP
  • Tax Payer : ISS Shipping India Pvt Ltd (As Agent for Maersk Tankers Singapore Pte. Ltd. Singapore)
Income tax Appellate Tribunal

ITAT: SDT non-reference not prejudicial, considering withdrawal of Sec 92B(1) provisions; Quashes Sec 263 order

Dec 05, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1129-ITAT-2019(Ind)-TP
  • Tax Payer : Gaurav Oil Industries
Income tax Appellate Tribunal

ITAT:Characterizes Microsoft Corporation as low-end marketing support service provider; Excludes 5 comparables

Dec 05, 2019
  • In Favour of Assessee
  • Citation Number : TS-1128-ITAT-2019(DEL)-TP
  • Tax Payer : Microsoft Corporation (India) Private Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables in shared-services segment, directs correct-margin adoption for 2 comparables

Dec 05, 2019
  • In Favour of Assessee
  • Citation Number : TS-1127-ITAT-2019(HYD)-TP
  • Tax Payer : Infor (India) Pvt Ltd (formerly known as Infor Global Solutions (India)
Supreme Court

SC: Dismisses Revenue’s SLP against HC-order on comparables, AE-receivables TP-adjustment citing low tax-effect

Dec 05, 2019
  • In Favour of Assessee
  • Citation Number : TS-1126-SC-2019-TP
  • Tax Payer : Inductis India Pvt Ltd