Rulings ( 11528 results )

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Income tax Appellate Tribunal

ITAT:Dismisses Revenue’s appeal against CIT(A)’s rectification order on non-adjudication of ground

Nov 15, 2019
  • In Favour of Revenue
  • Citation Number : TS-1063-ITAT-2019(DEL)-TP
  • Tax Payer : Tower Watson India Pvt Ltd (Formerly known as Watson Wyatt India Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT:Remits idle-capacity adjustment; Directs obtainment of idle-capacity of comparables and industry

Nov 15, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1062-ITAT-2019(Bang)-TP
  • Tax Payer : ISG Novasoft Technologies Ltd
High Court

HC: Admits Piramal Glass’s appeal challenging TP-adjustments on AE-loans & corporate guarantee

Nov 15, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1061-HC-2019(BOM)-TP
  • Tax Payer : Piramal Glass Limited
Foreign Court

FC: US Appeals Court denies rehearing in Altera's case on stock-based compensation cost sharing

Nov 15, 2019
  • In Favour of Revenue
  • Citation Number : TS-1258-FC-2019(USA)-TP
  • Tax Payer : Altera Corporation & Subsidiaries
Income tax Appellate Tribunal

ITAT: Rejects exclusion of comparable on Merger/Acquisition grounds, absent impact on margins demonstration

Nov 14, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1060-ITAT-2019(DEL)-TP
  • Tax Payer : Giesecke & Devrient India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on technical know-how; Follows ITAT ruling in sister concern’s case

Nov 14, 2019
  • In Favour of Assessee
  • Citation Number : TS-1059-ITAT-2019(Mum)-TP
  • Tax Payer : Merck Specialties Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits TP-adjustment issue absent TPO-reference contrary to Instruction 3/2003

Nov 14, 2019
  • In Favour of Assessee
  • Citation Number : TS-1058-ITAT-2019(Mum)-TP
  • Tax Payer : SkillNet Solutions India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 8, includes 3 comparables for software developer; Remits working capital adjustment

Nov 14, 2019
  • In Favour of Assessee
  • Citation Number : TS-1057-ITAT-2019(Kol)-TP
  • Tax Payer : Atlas Healthcare Software India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes KALS, Persistent, Wipro, Infosys for software-developer citing functional dissimilarity, high turnover, brand

Nov 14, 2019
  • In Favour of Assessee
  • Citation Number : TS-1056-ITAT-2019(Mum)-TP
  • Tax Payer : Sybase Software (India) Private Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on intra-group services, remits royalty adjustment; Follows earlier orders

Nov 14, 2019
  • In Favour of Assessee
  • Citation Number : TS-1055-ITAT-2019(DEL)-TP
  • Tax Payer : AT & T Global Network Services (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Corporate guarantee not international transaction u/s 92B, deletes TP-adjustment; Follows earlier-orders

Nov 13, 2019
  • In Favour of Assessee
  • Citation Number : TS-1054-ITAT-2019(Kol)-TP
  • Tax Payer : Tega Industries Ltd
Income tax Appellate Tribunal

ITAT: Upholds TP-adjustment deletion on corporate guarantee, interest on AE-loan; Follows precedents

Nov 13, 2019
  • In Favour of Assessee
  • Citation Number : TS-1052-ITAT-2019(Kol)-TP
  • Tax Payer : Gujarat NRE Coke Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for software-developer; Remits treatment of employee’s stock compensation, service-tax provision

Nov 13, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1051-ITAT-2019(Bang)-TP
  • Tax Payer : Emulex Communications Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for ITES-provider; Rejects Jindal Intellicom, absent reasonably accurate adjustments

Nov 13, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1050-ITAT-2019(Bang)-TP
  • Tax Payer : Syniverse Technologies Services (India) Pvt Ltd (Formerly known as Syniverse Teledata Systems Pvt.Ltd.)
Income tax Appellate Tribunal

ITAT: Rules on comparables for channel-owner; Upholds combined net-profit under PSM approach following precedent

Nov 12, 2019
  • In Favour of Assessee
  • Citation Number : TS-1049-ITAT-2019(Mum)-TP
  • Tax Payer : Star International Movies Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-determination of consultancy fees; Directs submission of additional evidence

Nov 12, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1048-ITAT-2019(Mum)-TP
  • Tax Payer : Pioneer Property Zone Services Ltd
Income tax Appellate Tribunal

ITAT:Confirms TP-adjustment on sales commission, remits royalty adjustment; Follows earlier order

Nov 12, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1047-ITAT-2019(DEL)-TP
  • Tax Payer : Johnson Mathey India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts TNMM for distributor-assessee absent gross-margin data in uncontrolled transactions under RPM

Nov 12, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1046-ITAT-2019(Mum)-TP
  • Tax Payer : India Medtronic Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rules on comparables; Remits 3 companies for verification of persistent loss allegation

Nov 12, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1045-ITAT-2019(Kol)-TP
  • Tax Payer : Dongfang Electric (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on corporate guarantee, remits AE-loan interest issue; Follows earlier order

Nov 12, 2019
  • In Favour of Assessee
  • Citation Number : TS-1044-ITAT-2019(Kol)-TP
  • Tax Payer : Tega Industries Ltd