Rulings ( 11530 results )

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Income tax Appellate Tribunal

ITAT: Remits TP-issues of royalty payments, ALP-differences in distribution/software development segments; Follows earlier order

Sep 17, 2019
  • In Favour of Assessee
  • Citation Number : TS-875-ITAT-2019(Bang)-TP
  • Tax Payer : Wipro GE Healthcare Pvt Ltd
Foreign Court

FC: Australian Federal Court rejects restructuring of Glencore's agreement for copper-concentrate sale between AEs

Sep 17, 2019
  • In Favour of Assessee
  • Citation Number : TS-1252-FC-2019-TP
  • Tax Payer : Glencore Investment Pty Ltd
Income tax Appellate Tribunal

ITAT: Confirms TP-adjustment deletion for Bata India considering ALP within 5% tolerance range

Sep 17, 2019
  • In Favour of Assessee
  • Citation Number : TS-874-ITAT-2019(Kol)-TP
  • Tax Payer : Bata India Ltd
Income tax Appellate Tribunal

ITAT: Excludes 5 comparables for captive software developer citing functional dissimilarity, turnover filter failure

Sep 17, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-872-ITAT-2019(Bang)-TP
  • Tax Payer : Novell Software Development India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Confirms validity of tax-return filed without Form 3CEB absent AO’s defect intimation; Quashes reassessment

Sep 13, 2019
  • In Favour of Assessee
  • Citation Number : TS-870-ITAT-2019(PUN)-TP
  • Tax Payer : Husco Hydraulics Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 5 comparables by applying Rs.200 crores upper-turnover filter; Follows Genisys ruling

Sep 13, 2019
  • In Favour of Assessee
  • Citation Number : TS-869-ITAT-2019(Bang)-TP
  • Tax Payer : IGEFI Software India Pvt Ltd (Formerly Finch Software India Pvt. Ltd)
Income tax Appellate Tribunal

ITAT: Excludes Infosys BPO, TCS E-Serve for assessee-BPO citing high turnover and brand benefits

Sep 13, 2019
  • In Favour of Assessee
  • Citation Number : TS-868-ITAT-2019(DEL)-TP
  • Tax Payer : Astra Business Services P Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment; Accepts jeweller-assessee’s entity-level benchmarking for domestic transaction of stock purchase

Sep 13, 2019
  • In Favour of Assessee
  • Citation Number : TS-867-ITAT-2019(PUN)-TP
  • Tax Payer : P N Gadgil Jewellers Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes functionally-dissimilar eClerx; Excludes TCS e-Serve & Infosys BPO applying turnover filter

Sep 13, 2019
  • In Favour of Assessee
  • Citation Number : TS-866-ITAT-2019(Kol)-TP
  • Tax Payer : Data Core (India) Private Limited (merged with DCG Data-Core Systems (India) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Rules on DRP’s scope; Holds restoring fresh-ALP determination to AO/TPO outside DRP’s jurisdiction

Sep 11, 2019
  • In Favour of Assessee
  • Citation Number : TS-865-ITAT-2019(PUN)-TP
  • Tax Payer : Capstone Securities Analysis Pvt Ltd
Income tax Appellate Tribunal

ITAT:Excludes comparables in software development & ITeS segments; Follows precedents

Sep 11, 2019
  • In Favour of Assessee
  • Citation Number : TS-864-ITAT-2019(HYD)-TP
  • Tax Payer : Medpluxes India Pvt. Ltd
High Court

HC:Dismisses Revenue’s appeal; Reiterates TP-regime, anti-tax avoidance, not anti-tax evasion provision

Sep 11, 2019
  • In Favour of Assessee
  • Citation Number : TS-863-HC-2019(BOM)-TP
  • Tax Payer : Visteon Engineering Centre (India) Pvt Ltd
High Court

HC:Dismisses Revenue’s appeal; Upholds ITAT’s exclusion of 2 functionally dissimilar comparables

Sep 11, 2019
  • In Favour of Assessee
  • Citation Number : TS-862-HC-2019(BOM)-TP
  • Tax Payer : Visteon Engineering Centre (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-determination of corporate service charges; Directs consideration of intercompany agreement

Sep 11, 2019
  • In Favour of Assessee
  • Citation Number : TS-861-ITAT-2019(DEL)-TP
  • Tax Payer : Bentley Systems India Private Limited
Income tax Appellate Tribunal

ITAT: Cash-PLI not restrictive to capital intensive industry, accepts application for software developer

Sep 10, 2019
  • In Favour of Assessee
  • Citation Number : TS-860-ITAT-2019(Kol)-TP
  • Tax Payer : Net Guru Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables, remits 3, for ITes-provider; Remits outstanding AE-receivables adjustment issue

Sep 10, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-858-ITAT-2019(Bang)-TP
  • Tax Payer : Indecomm Global Services (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds royalty TP-adjustment deletion for Benetton India; Follows earlier orders

Sep 10, 2019
  • In Favour of Assessee
  • Citation Number : TS-857-ITAT-2019(DEL)-TP
  • Tax Payer : Benetton India P Ltd
Income tax Appellate Tribunal

ITAT: Upholds exclusion of Acropetal, L&T Infotech & E-Infochips for software developer

Sep 10, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-856-ITAT-2019(Bang)-TP
  • Tax Payer : Emulex Communications Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on Goodyear’s Regional Service Charges payments citing evidence of service availment

Sep 09, 2019
  • In Favour of Assessee
  • Citation Number : TS-855-ITAT-2019(PUN)-TP
  • Tax Payer : Goodyear South Asia Tyres Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes AMP-adjustment citing Revenue’s failure to establish international transaction; Follows earlier ruling

Sep 09, 2019
  • In Favour of Assessee
  • Citation Number : TS-854-ITAT-2019(DEL)-TP
  • Tax Payer : Le Passage to India Tours & Travels Pvt Ltd