Rulings ( 11530 results )

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Income tax Appellate Tribunal

ITAT:Upholds royalty TP-adjustment deletion as ALP established while benchmarking exports; Follows earlier-order

Sep 09, 2019
  • In Favour of Assessee
  • Citation Number : TS-853-ITAT-2019(DEL)-TP
  • Tax Payer : Cornell Overseas Private Ltd
Income tax Appellate Tribunal

ITAT:Adopts LIBOR+170bps as interest benchmark for AE-loan; Rejects 500bps markup as 'unjustified'

Sep 06, 2019
  • In Favour of Assessee
  • Citation Number : TS-852-ITAT-2019(DEL)-TP
  • Tax Payer : Aithent Technologies Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Rejects entity level TP-adjustment; Forex gain/loss arising from revenue transactions, operating item

Sep 06, 2019
  • In Favour of Assessee
  • Citation Number : TS-851-ITAT-2019(Mum)-TP
  • Tax Payer : New Holland Fiat (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts assessee’s 1% as ALP for guarantee-fee for factoring facilities, follows earlier ruling

Sep 06, 2019
  • In Favour of Assessee
  • Citation Number : TS-850-ITAT-2019(Mum)-TP
  • Tax Payer : Glenmark Pharmaceuticals Ltd
Income tax Appellate Tribunal

ITAT:Assessment order issued with penalty notice, but without demand-notice, ‘valid’; Follows precedent

Sep 05, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-848-ITAT-2019(PUN)-TP
  • Tax Payer : Atlas Copco (India) Limited
Foreign Court

FC: Swedish Court rules on adoption of full-range, multiple year data for comparability analysis

Sep 05, 2019
  • In Favour of Assessee
  • Citation Number : TS-1251-FC-2019-TP
  • Tax Payer : The Absolut Company Limited Company
Income tax Appellate Tribunal

ITAT:Rules on comparables in ITeS & Business support services segments; Follows precedents

Sep 05, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-846-ITAT-2019(Mum)-TP
  • Tax Payer : Reliance Corporate IT Park
High Court

HC:Admits Revenue's appeal on TP-provisions applicability to commission free corporate guarantee

Sep 05, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-845-HC-2019(DEL)-TP
  • Tax Payer : CLC INDUSTRIES LTD (FORMERLY KNOWN AS M/S. SPENTEX INDUSTRIES LTD.)
Income tax Appellate Tribunal

ITAT: Rules on comparables; Upholds CIT(A)’s exclusion of high turnover companies for software developer

Sep 05, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-844-ITAT-2019(Bang)-TP
  • Tax Payer : CGI Information Systems and Management Consultants Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects Motilal Oswal Investment Advisors as comparable citing functional-dissimilarity, RPT-filter failure

Sep 05, 2019
  • In Favour of Assessee
  • Citation Number : TS-843-ITAT-2019(DEL)-TP
  • Tax Payer : Baring Pvt. Equity Partners India P Ltd
Income tax Appellate Tribunal

ITAT:Upholds CIT(A)-order quashing final assessment order passed without draft-order in remand proceedings

Sep 05, 2019
  • In Favour of Assessee
  • Citation Number : TS-842-ITAT-2019(DEL)-TP
  • Tax Payer : Globerian India P Ltd
Income tax Appellate Tribunal

ITAT:Sets aside assessment order as null, void; Condones cross-objection filing delay challenging validity

Sep 04, 2019
  • In Favour of Assessee
  • Citation Number : TS-841-ITAT-2019(PUN)-TP
  • Tax Payer : Atlas Copco (India) Limited
Income tax Appellate Tribunal

ITAT:Prefers CPM over TNMM for tour/travel service provider; Follows rule of consistency

Sep 04, 2019
  • In Favour of Assessee
  • Citation Number : TS-840-ITAT-2019(DEL)-TP
  • Tax Payer : Greaves Travel India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables for ITes-provider citing outsourcing model, filters failure, unreliable results etc.

Sep 04, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-839-ITAT-2019(Mum)-TP
  • Tax Payer : Willis Processing Services India Ltd
Income tax Appellate Tribunal

ITAT: Remits comparables selection absent assessee’s TP-study & annual reports of alleged comparables

Sep 04, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-838-ITAT-2019(Bang)-TP
  • Tax Payer : Mportal (India) Wireless Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds research & training, AMP-expenses not international transaction; Deletes TP-adjustments

Sep 04, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-837-ITAT-2019(Kol)-TP
  • Tax Payer : Akzo Nobel India Ltd
Income tax Appellate Tribunal

ITAT: Remits treatment of forex-gain on hedging activity for comparable in PLI-computation

Sep 03, 2019
  • In Favour of Assessee
  • Citation Number : TS-836-ITAT-2019(Bang)-TP
  • Tax Payer : SAP Labs India Pvt Ltd
High Court

HC: Admits Revenue’s appeal challenging AMP-adjustment deletion; Upholds 0.5% as corporate guarantee ALP

Sep 03, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-835-HC-2019(BOM)-TP
  • Tax Payer : Thomas Cook (India) Ltd
Income tax Appellate Tribunal

ITAT: Rejects assessee's characterization as KPO-provider; Remits issue following earlier-order

Aug 30, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-834-ITAT-2019(Bang)-TP
  • Tax Payer : Open Silicon Research Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs LIBOR of country where AE-loan is consumed for interest benchmarking; Follows precedent

Aug 30, 2019
  • In Favour of Assessee
  • Citation Number : TS-833-ITAT-2019(Mum)-TP
  • Tax Payer : Arshiya Ltd