Rulings ( 11528 results )

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Income tax Appellate Tribunal

ITAT:TP-provisions inapplicable to income covered under Tonnage Tax Scheme; Follows subsequent-year order

Nov 29, 2019
  • In Favour of Assessee
  • Citation Number : TS-1105-ITAT-2019(Mum)-TP
  • Tax Payer : Van Oord India Private Limited
Income tax Appellate Tribunal

ITAT:Adopts internal-CUP for benchmarking exports, deletes TP-adjustment allowing benefit of 5 range

Nov 29, 2019
  • In Favour of Assessee
  • Citation Number : TS-1104-ITAT-2019(SUR)-TP
  • Tax Payer : Bilag Industries Pvt Ltd ( Now known as M/s. Bayer Vapi Private Limited)
Income tax Appellate Tribunal

ITAT: Allows adjustment for advertisement-expenses incurred on domestic-sales while benchmarking AE-exports

Nov 28, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1103-ITAT-2019(Mum)-TP
  • Tax Payer : Sara Lee TTK Ltd (Now Amalgamated into Godrej Consumer Products Ltd.)
Income tax Appellate Tribunal

ITAT: Excludes comparables for software-development service provider citing functional -dissimilarity, extraordinary events

Nov 28, 2019
  • In Favour of Assessee
  • Citation Number : TS-1102-ITAT-2019(HYD)-TP
  • Tax Payer : Kony IT Services Private Limited
Income tax Appellate Tribunal

ITAT:Dismisses Revenue’s appeal; Upholds deletion of TP-adjustment in respect of export of services

Nov 28, 2019
  • In Favour of Assessee
  • Citation Number : TS-1101-ITAT-2019(DEL)-TP
  • Tax Payer : Sage Publication India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Permits appeal withdrawal considering Pr.CIT’s directions to refer SDT to TPO u/s 263

Nov 28, 2019
  • In Favour of Assessee
  • Citation Number : TS-1100-ITAT-2019(PUN)-TP
  • Tax Payer : Thermax Onsite Energy Solutions Limited
Income tax Appellate Tribunal

ITAT: Fixes corporate guarantee ALP at 0.5%; Remits TP-adjustment on AE-loan

Nov 28, 2019
  • In Favour of Assessee
  • Citation Number : TS-1099-ITAT-2019(PUN)-TP
  • Tax Payer : Autoline Industries Limited
Income tax Appellate Tribunal

ITAT: Rules on marketing and warranty support services, Relies on earlier order

Nov 27, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1098-ITAT-2019(DEL)-TP
  • Tax Payer : Nokia Solutions and Networks India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds DRP’s exclusion of 4 comparables citing functional dissimilarity, failure of TPO’s filters

Nov 27, 2019
  • In Favour of Assessee
  • Citation Number : TS-1097-ITAT-2019(DEL)-TP
  • Tax Payer : Toluna India P Ltd (Formerly known as M/s. G. Reenfield Online (P) (Ltd.),
Income tax Appellate Tribunal

ITAT: RBI-approval constitutes benchmark for royalty ALP-determination; Deletes royalty-adjustment following earlier order

Nov 27, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1096-ITAT-2019(Kol)-TP
  • Tax Payer : Sika India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables for marketing support service provider; Follows precedents

Nov 27, 2019
  • In Favour of Assessee
  • Citation Number : TS-1095-ITAT-2019(DEL)-TP
  • Tax Payer : Honeywell International (India) Private Limited
Income tax Appellate Tribunal

ITAT: Excludes Excel Infoways, TCS Eserve, Infosys BPO for ITes-provider; Follows precedents

Nov 27, 2019
  • In Favour of Assessee
  • Citation Number : TS-1094-ITAT-2019(DEL)-TP
  • Tax Payer : Convergys India Services
Income tax Appellate Tribunal

ITAT: Excludes 12, remits 4 and retains 3 comparables for software-development service provider

Nov 27, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1093-ITAT-2019(DEL)-TP
  • Tax Payer : Motherson Sumi Infotech & Design Ltd
Income tax Appellate Tribunal

ITAT:Upholds validity of TP-order passed by Addl.CIT; TPO definition encompasses JCIT & Addl.CIT

Nov 27, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1092-ITAT-2019(PUN)-TP
  • Tax Payer : Eaton Industrial Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows employee-cost adjustments while computing Cognizant’s operating-margin in application lifestyle management segment

Nov 26, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1091-ITAT-2019(PUN)-TP
  • Tax Payer : Cognizant Technology Solutions India Pvt Ltd(as a successor of Cognizant India Pvt Ltd) formerly T-Systems India Pvt Ltd
High Court

HC:Adjourns appeal against ITAT-order preferring arithmetic mean of transaction over weighted-averages u/s 92C

Nov 26, 2019
  • In Favour of Assessee
  • Citation Number : TS-1090-HC-2019(BOM)-TP
  • Tax Payer : RBS Equities (India) Ltd
Income tax Appellate Tribunal

ITAT:Deletes penalty u/s271G; 60-days period to be reckoned from Sec.93D(3) notice, not Sec.92CA(3) notice

Nov 26, 2019
  • In Favour of Assessee
  • Citation Number : TS-1089-ITAT-2019(Mum)-TP
  • Tax Payer : Edelweiss Financial Services Ltd
Income tax Appellate Tribunal

ITAT:Upholds treatment of FOREX fluctuation as operating in nature following INA Bearings ruling

Nov 26, 2019
  • In Favour of Assessee
  • Citation Number : TS-1088-ITAT-2019(PUN)-TP
  • Tax Payer : Oshung Electronics India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds consistently applied TNMM over CUP as MAM for AE-exports benchmarking; Follows precedent

Nov 26, 2019
  • In Favour of Assessee
  • Citation Number : TS-1087-ITAT-2019(Mum)-TP
  • Tax Payer : Lubrizol India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Special Bench lays down law on Sec 92 applicability to entity claiming Sec 10A tax holiday

Nov 25, 2019
  • In Favour of Revenue
  • Citation Number : TS-1086-ITAT-2019(Ahd)-TP
  • Tax Payer : Doshi Accounting Services Pvt Ltd