Rulings ( 11530 results )

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Income tax Appellate Tribunal

ITAT: Includes functionally-similar ICRA Management, Kinetic Trust for non-binding investment advisor; Follows precedent

Oct 11, 2019
  • In Favour of Assessee
  • Citation Number : TS-935-ITAT-2019(Mum)-TP
  • Tax Payer : 3i India Private Limited
Income tax Appellate Tribunal

ITAT: Allows assessee’s appeal; Restores TPO’s cryptic order on comparables selection

Oct 11, 2019
  • In Favour of Assessee
  • Citation Number : TS-934-ITAT-2019(Bang)-TP
  • Tax Payer : Terralogic Software Solutions Pvt Ltd (Erstwhile known as Paxtera Solutions Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Remits selection of foreign-AE as tested-party issue; Directs AO/TO to verify TP-study

Oct 11, 2019
  • In Favour of Assessee
  • Citation Number : TS-933-ITAT-2019(Mum)-TP
  • Tax Payer : Prothious Engineering Services Private Limited
Income tax Appellate Tribunal

ITAT: Distinguishes ITeS-segment from Engineering Segment; Remits ALP-determination for software development services

Oct 10, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-932-ITAT-2019(Bang)-TP
  • Tax Payer : Wipro GE Healthcare P Ltd (for the merged entity of GE Medical Systems India P Ltd)
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment on IT-services fees to consider assessee’s evidences

Oct 10, 2019
  • In Favour of Assessee
  • Citation Number : TS-931-ITAT-2019(Mum)-TP
  • Tax Payer : TUV SUD South Asia Private Limited
Income tax Appellate Tribunal

ITAT: Deletes Sec.271G penalty; Considers difficulty in maintaining segmental information in diamond-trade industry

Oct 10, 2019
  • In Favour of Assessee
  • Citation Number : TS-930-ITAT-2019(Mum)-TP
  • Tax Payer : K. Girdharilal International Ltd
Income tax Appellate Tribunal

ITAT: Nil-ALP determination of corporate costs beyond TPO’s jurisdiction; Remits cost-allocation among segments

Oct 10, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-929-ITAT-2019(Mum)-TP
  • Tax Payer : Howden Insurance Brokers India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes Sec 271BA-penalty considering assessee’s bonafide mistake in not filing Form 3CEB reporting SDT

Oct 10, 2019
  • In Favour of Assessee
  • Citation Number : TS-928-ITAT-2019(Ahd)-TP
  • Tax Payer : Shree Laxmi Bidi Trading Company
Income tax Appellate Tribunal

ITAT: Directs aggregated benchmarking under TNMM for royalty payments; Rejects CUP absent comparable cases

Oct 10, 2019
  • In Favour of Assessee
  • Citation Number : TS-927-ITAT-2019(VIZ)-TP
  • Tax Payer : SNF (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adopts CUP-method, accepts comparable data from Customs Department’s Database for benchmarking imports/exports

Oct 09, 2019
  • In Favour of Assessee
  • Citation Number : TS-926-ITAT-2019(Mum)-TP
  • Tax Payer : Rohm and Haas India Pvt Ltd
Income tax Appellate Tribunal

ITAT: AMP-spend by risk/reward bearing manufacturer not for AE brand-building; Deletes Samsung’s TP-adjustment

Oct 09, 2019
  • In Favour of Assessee
  • Citation Number : TS-925-ITAT-2019(DEL)-TP
  • Tax Payer : Samsung India Electronics Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparable-selection for software development & ITeS segments of captive service provider

Oct 07, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-924-ITAT-2019(Bang)-TP
  • Tax Payer : Sterling Commerce Solutions India Pvt Ltd (successor in interest to Telelogic India Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s MP; Rejects plea that comparables were excluded sans grounds raised

Oct 07, 2019
  • In Favour of Assessee
  • Citation Number : TS-923-ITAT-2019(Bang)-TP
  • Tax Payer : Arcot R & D Software Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts assessee’s internal-TNMM based on man-hour rates for benchmarking engineering services

Oct 07, 2019
  • In Favour of Assessee
  • Citation Number : TS-922-ITAT-2019(Mum)-TP
  • Tax Payer : Chemtex Global Engineers Pvt Ltd
High Court

HC:Dismisses Revenue’s appeal; Upholds exclusion of Alphageo for research & technical service-provider

Oct 07, 2019
  • In Favour of Assessee
  • Citation Number : TS-921-HC-2019(BOM)-TP
  • Tax Payer : Sygenta Bioscience Pvt Ltd
High Court

HC: Quashes reassessment seeking to capitalize technical-knowhow fees on which TP-adjustment was proposed

Oct 07, 2019
  • In Favour of Assessee
  • Citation Number : TS-920-HC-2019(MAD)-TP
  • Tax Payer : Hyundai Motor India Ltd
Supreme Court

SC: Confirms HC's exclusion of 2, inclusion of 1 comparable for Blackstone Advisors

Oct 04, 2019
  • In Favour of Assessee
  • Citation Number : TS-919-SC-2019-TP
  • Tax Payer : BLACKSTONE ADVISORS INDIA PVT LTD
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on corporate, performance guarantees, software services etc.; Follows earlier orders

Oct 04, 2019
  • In Favour of Assessee
  • Citation Number : TS-917-ITAT-2019(Ahd)-TP
  • Tax Payer : Mastek Ltd
Foreign Court

FC: Spanish National Court rules on interquartile range; Adjustment to median only when'comparability-defect' exists

Oct 04, 2019
  • In Favour of Assessee
  • Citation Number : TS-1256-FC-2019(SPN)-TP
  • Tax Payer : IKEA
Income tax Appellate Tribunal

ITAT:Excludes 4 comparables applying RPT-filter; Excludes functionally dissimilar Alphageo India

Oct 04, 2019
  • In Favour of Assessee
  • Citation Number : TS-916-ITAT-2019(Mum)-TP
  • Tax Payer : Mott MacDonald Consultants (India) Pvt Ltd