Rulings ( 11528 results )

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Income tax Appellate Tribunal

ITAT: Confirms deletion of TP-adjustment availing benefit of +/-5% range, Dismisses Revenue’s appeal

Nov 06, 2019
  • In Favour of Assessee
  • Citation Number : TS-1022-ITAT-2019(DEL)-TP
  • Tax Payer : Sanden Vikas India Ltd
Income tax Appellate Tribunal

ITAT:Excludes functionally-dissimilar, high-RPT bearing, Non-profit companies for marketing support service provider

Nov 06, 2019
  • In Favour of Assessee
  • Citation Number : TS-1021-ITAT-2019(DEL)-TP
  • Tax Payer : Mentor Graphics (Sale & Service) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Limits TP-adjustment to AE-transactions; Directs deletion if ALP-difference within 5% ‘safe-harbour’

Nov 06, 2019
  • In Favour of Assessee
  • Citation Number : TS-1020-ITAT-2019(Mum)-TP
  • Tax Payer : Huntsman International (India) Private Limited
Income tax Appellate Tribunal

ITAT:Rejects RPM & directs application of TNMM for benchmarking imports; Follows earlier-order

Nov 06, 2019
  • In Favour of Assessee
  • Citation Number : TS-1019-ITAT-2019(DEL)-TP
  • Tax Payer : Keihin India Manufacturing Pvt Ltd (formerly Keihin Panalfa Ltd.)
Income tax Appellate Tribunal

ITAT:Admits assessee’s additional evidence; Remits royalty ALP-determination following earlier orders

Nov 06, 2019
  • In Favour of Assessee
  • Citation Number : TS-1018-ITAT-2019(DEL)-TP
  • Tax Payer : CRM Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables for ITES-provider citing different business models, unreliable financials

Nov 06, 2019
  • In Favour of Assessee
  • Citation Number : TS-1017-ITAT-2019(DEL)-TP
  • Tax Payer : Copal Research India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Disallowance of salary attributable to SEZ-units not in AO’s power, TPO-reference must

Nov 06, 2019
  • In Favour of Assessee
  • Citation Number : TS-1016-ITAT-2019(Ind)-TP
  • Tax Payer : Yash Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Interest on AE-receivables, separate international transaction, despite assessee being ‘debt-free’; Follows Bechtel ruling

Nov 06, 2019
  • In Favour of Revenue
  • Citation Number : TS-1015-ITAT-2019(CHNY)-TP
  • Tax Payer : Verizon Data Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds combined net-profit under PSM approach rejecting separate non-AE transactions taxation; Follows precedent

Nov 05, 2019
  • In Favour of Assessee
  • Citation Number : TS-1014-ITAT-2019(Mum)-TP
  • Tax Payer : Star Asian Movies Ltd (Since amalgamated with STAR India Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s appeal; Accepts internal-CUP for benchmarking VISA-facilitation services citing similarity in services

Nov 05, 2019
  • In Favour of Assessee
  • Citation Number : TS-1013-ITAT-2019(Mum)-TP
  • Tax Payer : VFS Global Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Vacates interest-adjustment on transaction between domestic AEs; SDT-provisions inapplicable prior to 2012

Nov 05, 2019
  • In Favour of Assessee
  • Citation Number : TS-1012-ITAT-2019(Mum)-TP
  • Tax Payer : Reach Data Services India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables for IT-enabled captive service provider citing functional-dissimilarity, brand-benefits

Nov 05, 2019
  • In Favour of Assessee
  • Citation Number : TS-1011-ITAT-2019(Mum)-TP
  • Tax Payer : Agilyst Consulting Pvt Ltd (Merged with eClerx Services Ltd.)
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on exports; TPO/DRP cannot conveniently choose, reject part of method

Nov 05, 2019
  • In Favour of Assessee
  • Citation Number : TS-1010-ITAT-2019(DEL)-TP
  • Tax Payer : Jindal Dyechem Industries Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds TCS’s alternative benchmarking choosing foreign-AEs as tested party for software services

Nov 05, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1009-ITAT-2019(Mum)-TP
  • Tax Payer : Tata Consultancy Service Ltd
High Court

HC: Dismisses Revenue’s appeal; Upholds deletion of interest adjustment on AE-receivables

Nov 04, 2019
  • In Favour of Assessee
  • Citation Number : TS-1008-HC-2019(DEL)-TP
  • Tax Payer : AMADEUS INDIA PVT LTD
Income tax Appellate Tribunal

ITAT:Allows working-capital adjustment considering it a ‘norm’; Excludes 2 comparables failing RPT-filter

Nov 04, 2019
  • In Favour of Assessee
  • Citation Number : TS-1007-ITAT-2019(DEL)-TP
  • Tax Payer : Stanley Electric Engineering India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Directs segregation of ITES & engineering design services; Remits services characterization issue

Nov 04, 2019
  • In Favour of Assessee
  • Citation Number : TS-1006-ITAT-2019(Bang)-TP
  • Tax Payer : Ingersoll Rand (India) Ltd
Income tax Appellate Tribunal

ITAT:Characterizes assessee as 'limited risk distributor'; Adopts TNMM over RPM for imports

Nov 04, 2019
  • In Favour of Assessee
  • Citation Number : TS-1005-ITAT-2019(DEL)-TP
  • Tax Payer : Mitsubishi Electric Automotive [I] Pvt Ltd
Income tax Appellate Tribunal

ITAT: Sec. 153 timelines inapplicable to draft-order; Final-order passed within Sec 144C limit not “time-barred”

Nov 01, 2019
  • In Favour of Revenue
  • Citation Number : TS-1004-ITAT-2019(DEL)-TP
  • Tax Payer : Religare Capital Markets Limited
Income tax Appellate Tribunal

ITAT: Rejects separate taxation of non-AE transactions; Upholds combined net-profit under PSM approach

Nov 01, 2019
  • In Favour of Assessee
  • Citation Number : TS-1003-ITAT-2019(Mum)-TP
  • Tax Payer : Star International Movies Ltd.