Rulings ( 11528 results )

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Income tax Appellate Tribunal

ITAT:Non-charging of guarantee-commission pursuant to sanctioning bank conditions; Deletes TP-addition

Nov 12, 2019
  • In Favour of Assessee
  • Citation Number : TS-1043-ITAT-2019(PUN)-TP
  • Tax Payer : B G Shirke Construction Technology Pvt Ltd (Being the amalgamated Company in which the erstwhile Five Stars Bulkcarries Pvt.
Income tax Appellate Tribunal

ITAT:Allows assessee’s MP; Rectifies Tribunal-order to categorically exclude Kals, Persistent Systems

Nov 12, 2019
  • In Favour of Assessee
  • Citation Number : TS-1042-ITAT-2019(Bang)-TP
  • Tax Payer : Maxim India Integrated Circuit Design Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds TNMM for benchmarking sale transaction; Holds corporate guarantee, not international transaction

Nov 12, 2019
  • In Favour of Assessee
  • Citation Number : TS-1041-ITAT-2019(Kol)-TP
  • Tax Payer : Emami Limited
Income tax Appellate Tribunal

ITAT: Upholds TP-adjustment deletion in respect of ITC’s management charges; Follows earlier order

Nov 12, 2019
  • In Favour of Assessee
  • Citation Number : TS-1040-ITAT-2019(Kol)-TP
  • Tax Payer : ITC Infotech India Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables selection for ITeS provider; Remits working capital adjustment

Nov 11, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1039-ITAT-2019(CHNY)-TP
  • Tax Payer : CMA CGM Shared Service Centre (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Quashes Sec 263-order disallowing interest, exchange difference recasting AE-loan absent hearing opportunity

Nov 11, 2019
  • In Favour of Assessee
  • Citation Number : TS-1038-ITAT-2019(Mum)-TP
  • Tax Payer : The Tata Power Co Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustments on AMP-expense, research & training; Follows earlier-order

Nov 11, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1037-ITAT-2019(Kol)-TP
  • Tax Payer : Akzo Nobel India Limited
Income tax Appellate Tribunal

ITAT: Excludes 12 comparables for software-developer; Remits royalty benchmarking issue following earlier order

Nov 11, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1036-ITAT-2019(Bang)-TP
  • Tax Payer : Schneider Electric IT Business India Pvt Ltd (formerly known as American Power Conversion (I) Pvt.Ltd.,)
Income tax Appellate Tribunal

ITAT: Treats export incentives as operating income, follows Welspun ruling; Remits comparable selection issue

Nov 11, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1035-ITAT-2019(Bang)-TP
  • Tax Payer : Reitzel India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on reversal of book-entries of AE-recoverables originally found at ALP

Nov 08, 2019
  • In Favour of Assessee
  • Citation Number : TS-1034-ITAT-2019(Mum)-TP
  • Tax Payer : JSW Energy Ltd
Income tax Appellate Tribunal

ITAT:Quashes assessment made on non-existent amalgamating entity; Follows Maruti Suzuki SC ruling

Nov 08, 2019
  • In Favour of Assessee
  • Citation Number : TS-1033-ITAT-2019(Mum)-TP
  • Tax Payer : Siemens Power Engineering Pvt Ltd (now merged with M/s. Siemens Limited)
High Court

HC: Confirms TP-adjustments deletion of corporate-guarantee and interest on loan; Follows earlier-order

Nov 08, 2019
  • In Favour of Assessee
  • Citation Number : TS-1032-HC-2019(BOM)-TP
  • Tax Payer : Everest Kanto Cylinder Ltd
Income tax Appellate Tribunal

ITAT: Excludes 2 comparables citing high turnover, brand value and functional dissimilarity

Nov 08, 2019
  • In Favour of Assessee
  • Citation Number : TS-1031-ITAT-2019(Mum)-TP
  • Tax Payer : M Modal Global Services Private Ltd (Formerly known as CBay System (India) Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Prefers TNMM over internal-CUP for benchmarking animation services; Departs from earlier-year approach

Nov 08, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1029-ITAT-2019(Mum)-TP
  • Tax Payer : Rhythm and Hues Studios India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables-selection for software development & marketing support services provider; Remits AMP-adjustment

Nov 07, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1028-ITAT-2019(DEL)-TP
  • Tax Payer : Motorola Solutions India Pvt Ltd (Formerly known as Motorola India Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT:Allows deduction of 'washout charges' for cancellation of extended AE-contract; Rejects Nil-ALP

Nov 07, 2019
  • In Favour of Assessee
  • Citation Number : TS-1027-ITAT-2019(DEL)-TP
  • Tax Payer : Louis Dreyfus Commodities India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rules on comparable selection for marketing support service provider; Follows earlier order

Nov 07, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1026-ITAT-2019(DEL)-TP
  • Tax Payer : Rolls Royce India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 6 comparables applying Rs.1-200cr turnover filter; Follows Genesis ruling

Nov 07, 2019
  • In Favour of Assessee
  • Citation Number : TS-1025-ITAT-2019(Bang)-TP
  • Tax Payer : Yokogawa IA Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes royalty-adjustment following earlier orders; Upholds TNMM over CUP for import-transaction, remits issue

Nov 07, 2019
  • In Favour of Assessee
  • Citation Number : TS-1024-ITAT-2019(Mum)-TP
  • Tax Payer : SI Group India Limited
Income tax Appellate Tribunal

ITAT: Denies negative working capital adjustment for captive service provider; Follows earlier order

Nov 07, 2019
  • In Favour of Revenue
  • Citation Number : TS-1023-ITAT-2019(Bang)-TP
  • Tax Payer : iPass India Private Limited