Rulings ( 11528 results )

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Income tax Appellate Tribunal

ITAT: Applies US/UK MAP-agreed margins to other countries AE-transactions citing similar business profile, transactions

Nov 22, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1085-ITAT-2019(DEL)-TP
  • Tax Payer : IBM Daksh Business Process Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Prefers internal-CUP over TNMM for benchmarking back–to–back transactions of vessels hiring

Nov 22, 2019
  • In Favour of Revenue
  • Citation Number : TS-1084-ITAT-2019(Mum)-TP
  • Tax Payer : Arkay Logistics Ltd
Income tax Appellate Tribunal

ITAT:AO’s SDT non-reference to TPO not prejudicial, quashes CIT(A)’s Sec.263-order; Follows precedent

Nov 22, 2019
  • In Favour of Assessee
  • Citation Number : TS-1083-ITAT-2019(Ind)-TP
  • Tax Payer : Delight Cotton Pvt Ltd (Presently known as Delight Lifelike Products Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT:Deletes Sec 271AA, 271BA-penalties; Belated audit-report filing mere ‘technical’ breach, not contumacious conduct

Nov 21, 2019
  • In Favour of Assessee
  • Citation Number : TS-1081-ITAT-2019(DEL)-TP
  • Tax Payer : Juvalia Sales P Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables-selection, remits risk adjustment for engineering consultancy service provider

Nov 21, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1080-ITAT-2019(DEL)-TP
  • Tax Payer : Haldor Topsoe India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustments issue; Directs verification of segment-wise computation provided by assessee

Nov 21, 2019
  • In Favour of Revenue
  • Citation Number : TS-1079-ITAT-2019(PUN)-TP
  • Tax Payer : Tibco Software India Private Limited
Income tax Appellate Tribunal

ITAT:Rejects Nil-ALP for administrative, technical training services; Follows EKL Appliances HC-ruling

Nov 21, 2019
  • In Favour of Assessee
  • Citation Number : TS-1078-ITAT-2019(DEL)-TP
  • Tax Payer : Cargill Global Trading India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Extended time-limit under Sec 153 third proviso inapplicable absent TPO reference; Quashes assessment

Nov 21, 2019
  • In Favour of Assessee
  • Citation Number : TS-1077-ITAT-2019(DEL)-TP
  • Tax Payer : GE Money Financial Services Pvt Ltd (Earlier known as GE Countrywide Consumer Financial Services Ltd.)
High Court

HC:Dimisses Revenue's appeal; No further attribution to PE, once ALP satisfied

Nov 21, 2019
  • In Favour of Assessee
  • Citation Number : TS-1076-HC-2019(DEL)-TP
  • Tax Payer : HONDA MOTORS CO LTD
Income tax Appellate Tribunal

ITAT: Accepts assessee’s appeal withdrawal considering resolution of TP-issues under unilateral-APA

Nov 20, 2019
  • In Favour of Assessee
  • Citation Number : TS-1075-ITAT-2019(PUN)-TP
  • Tax Payer : Bobst India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes comparables for marketing and technical support services provider; Follows precedents

Nov 20, 2019
  • In Favour of Assessee
  • Citation Number : TS-1074-ITAT-2019(DEL)-TP
  • Tax Payer : Polycom [United Kingdom] Ltd
Income tax Appellate Tribunal

ITAT: TP-provisions inapplicable absent Sec.4 chargeability; Deletes TP-addition on CCD-interest absent ‘actual receipt’

Nov 19, 2019
  • In Favour of Assessee
  • Citation Number : TS-1073-ITAT-2019(Mum)-TP
  • Tax Payer : Gurgaon Investment Ltd. (Formerly known as Indopark Investments Limited)
Income tax Appellate Tribunal

ITAT: Restricts corporate guarantee ALP to 0.53%, follows earlier-order & Glenmark ruling

Nov 19, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1072-ITAT-2019(JPR)-TP
  • Tax Payer : Vaibhav Global Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables for software developer; Upholds CIT(A)’s grant of working capital adjustment

Nov 19, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1071-ITAT-2019(Mum)-TP
  • Tax Payer : Emerson Electric Company (India) Private Limited
High Court

HC: Draft order 'manual service' date relevant for Sec 144C(2) time-limit where e-proceedings not-opted

Nov 19, 2019
  • In Favour of Assessee
  • Citation Number : TS-1069-HC-2019(KER)-TP
  • Tax Payer : FCI OEN Connectors Limited
Income tax Appellate Tribunal

ITAT: Excludes 3, remits 2 companies for logistics services provider; Remits intra-group services TP-adjustment

Nov 18, 2019
  • In Favour of Assessee
  • Citation Number : TS-1068-ITAT-2019(DEL)-TP
  • Tax Payer : JAS Forwarding Worldwide Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s appeal; Upholds exclusion of 10 comparables for investment-advisory services provider

Nov 18, 2019
  • In Favour of Assessee
  • Citation Number : TS-1067-ITAT-2019(DEL)-TP
  • Tax Payer : TCK Advisors P Ltd
Income tax Appellate Tribunal

ITAT: Includes comparable finding subsidiary establishment did not impact profitability as standalone results considered

Nov 18, 2019
  • In Favour of Assessee
  • Citation Number : TS-1066-ITAT-2019(Mum)-TP
  • Tax Payer : Aramex India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables; Excludes TCS E-serve, E-clerx citing brand name and high-turnover

Nov 15, 2019
  • In Favour of Assessee
  • Citation Number : TS-1065-ITAT-2019(Mum)-TP
  • Tax Payer : SHL India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Admits assessee’s additional evidence in form of AE-company director’s affidavit, remits ALP-determination

Nov 15, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1064-ITAT-2019(DEL)-TP
  • Tax Payer : Kamla Dial & Devices Ltd