Rulings ( 11530 results )

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Income tax Appellate Tribunal

ITAT: Adopts LIBOR-based ALP for benchmarking AE-loan interest; Deletes TP-adjustment following earlier order

Oct 17, 2019
  • In Favour of Assessee
  • Citation Number : TS-965-ITAT-2019(Mum)-TP
  • Tax Payer : Firstsource Solutions Limited
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on SDT; Accepts interest payment linked to lender-AE’s borrowing rate

Oct 17, 2019
  • In Favour of Assessee
  • Citation Number : TS-964-ITAT-2019(Kol)-TP
  • Tax Payer : A A Infraproperties Pvt Ltd
Income tax Appellate Tribunal

ITAT:Turnover cannot be sole criteria for comparable exclusion if other filters satisfied

Oct 16, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-962-ITAT-2019(COCH)-TP
  • Tax Payer : Speridian Technologies Private Limited
Income tax Appellate Tribunal

ITAT: Excludes Motilal Oswal & Aditya Birla Capital Advisors, remits comparability of Ajcon Global for non-binding investment advisor

Oct 16, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-961-ITAT-2019(Mum)-TP
  • Tax Payer : Kotak Mahindra Asset Management Company Ltd
Income tax Appellate Tribunal

ITAT:Quashes assessment as time-barred u/s 153(2A) though order passed within time-limit from DRP-directions

Oct 16, 2019
  • In Favour of Assessee
  • Citation Number : TS-960-ITAT-2019(Mum)-TP
  • Tax Payer : Hapag Lloyd India P Ltd
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar Avani Cimcon & Flextronics for software developer; Follows precedents

Oct 16, 2019
  • In Favour of Assessee
  • Citation Number : TS-959-ITAT-2019(Bang)-TP
  • Tax Payer : Synopsis (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: ITes & KPO separate segments, cites distinction under Rule 10TA(e); Rules on comparables

Oct 16, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-958-ITAT-2019(DEL)-TP
  • Tax Payer : Nokia Solutions and Networks India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Determines guarantee fee ALP at 0.5%, LIBOR+2% for AE-loan; Follows earlier-orders

Oct 15, 2019
  • In Favour of Assessee
  • Citation Number : TS-952-ITAT-2019(Mum)-TP
  • Tax Payer : Everest Kanto Cylinder Ltd
Income tax Appellate Tribunal

ITAT: Show-cause notice not equal to draft-order; Quashes assessment sans draft order issuance

Oct 15, 2019
  • In Favour of Assessee
  • Citation Number : TS-951-ITAT-2019(JPR)-TP
  • Tax Payer : Century Infra Power P Ltd
Income tax Appellate Tribunal

ITAT: Restricts corporate guarantee ALP at 0.5%, remits ALP-determination of AE-loan following precedents

Oct 15, 2019
  • In Favour of Assessee
  • Citation Number : TS-950-ITAT-2019(Mum)-TP
  • Tax Payer : Godrej Consumer Products Ltd
Income tax Appellate Tribunal

ITAT:Includes 2 comparables rejecting TPO/CIT(A)’s persistent loss-making observation

Oct 15, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-948-ITAT-2019(Mum)-TP
  • Tax Payer : Sensient India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Tetra Pak India Private Limited

Oct 14, 2019
  • In Favour of Assessee
  • Citation Number : TS-1123-ITAT-2016(PUN)-TP
  • Tax Payer : Tetra Pak India Private Limited
Income tax Appellate Tribunal

ITAT: Holds corporate guarantee as an international transaction, fixes ALP at 1%; Follows Fresenius Kabi

Oct 14, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-943-ITAT-2019(DEL)-TP
  • Tax Payer : Unitech Ltd
High Court

HC:Declines interfering with ITAT's setting aside of AO's-order passed sans DRP-reference

Oct 14, 2019
  • In Favour of Assessee
  • Citation Number : TS-942-HC-2019(MAD)-TP
  • Tax Payer : Doowon Automotive Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects treatment of share-application money as loan; Fixes guarantee-commission ALP 0.5%

Oct 14, 2019
  • In Favour of Assessee
  • Citation Number : TS-941-ITAT-2019(Mum)-TP
  • Tax Payer : Allcargo Logistics Ltd
Income tax Appellate Tribunal

ITAT: Upholds turnover-filter application; Machinery replacement cost being extraordinary, not operating item

Oct 14, 2019
  • In Favour of Assessee
  • Citation Number : TS-940-ITAT-2019(PUN)-TP
  • Tax Payer : Tetra Pak India Private Ltd
Income tax Appellate Tribunal

ITAT: Allows miscellaneous petition; Excludes L & T Infotech not adjudicated in earlier order

Oct 14, 2019
  • In Favour of Assessee
  • Citation Number : TS-939-ITAT-2019(Bang)-TP
  • Tax Payer : LG Soft India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Includes ICRA, IDC & Informed Technologies for investment-advisor citing functional-similarity; Follows precedent

Oct 11, 2019
  • In Favour of Assessee
  • Citation Number : TS-938-ITAT-2019(Mum)-TP
  • Tax Payer : Eight Roads Investments Pvt Ltd [Formerly known as FIL Capital Advisors (India)
Income tax Appellate Tribunal

ITAT: Remits comparability of 4 companies for software developer; Follows precedents

Oct 11, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-937-ITAT-2019(Bang)-TP
  • Tax Payer : Citrix R & D India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes Sec 271(1)(c)-penalty; HC’s admission of assessee’s appeal renders TP-issue debatable

Oct 11, 2019
  • In Favour of Assessee
  • Citation Number : TS-936-ITAT-2019(DEL)-TP
  • Tax Payer : Johnson Matthey India Pvt Ltd