Rulings ( 11530 results )

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Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on AE-receivables; Working-capital adjustment imbibes outstanding receivables impact on profitability

Aug 30, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-832-ITAT-2019(DEL)-TP
  • Tax Payer : Concentrix Daksh Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows MP; Restricts remand to turnover filter application, comparables without disturbing MAM-selection

Aug 30, 2019
  • In Favour of Assessee
  • Citation Number : TS-831-ITAT-2019(Mum)-TP
  • Tax Payer : Roche Diagnostics India Private Limited
Income tax Appellate Tribunal

ITAT: Treats forex-fluctuation as operating item; Rules on comparables in IT/ITeS segments

Aug 30, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-830-ITAT-2019(Bang)-TP
  • Tax Payer : First Advantage Global Operating Center Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes Rs.354cr AMP-adjustment absent L’Oreal India rendering DEMPE functions for AE-brands

Aug 30, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-829-ITAT-2019(Mum)-TP
  • Tax Payer : L‘Oreal India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Treats AE as tested-party for fixed assets' purchase; Rejects TPO’s Nil-ALP determination

Aug 29, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-828-ITAT-2019(DEL)-TP
  • Tax Payer : Capsugel Healthcare (Formerly Bharti Healthcare Limited)
Income tax Appellate Tribunal

ITAT: Rules on treatment of bad-debts, operating expense provision, export incentives for PLI-computation

Aug 29, 2019
  • In Favour of Assessee
  • Citation Number : TS-827-ITAT-2019(PUN)-TP
  • Tax Payer : Tasty Bite Eatables Ltd
Income tax Appellate Tribunal

ITAT: Discards Revenue's rejection of RPM for imports citing inappropriate comparables selection by assessee

Aug 29, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-826-ITAT-2019(Mum)-TP
  • Tax Payer : Bristol Myers Squibb India Private Limited
Income tax Appellate Tribunal

ITAT: Rejects inadequate comparables as ‘exceptionality’ to include comparable with different-FY

Aug 29, 2019
  • In Favour of Assessee
  • Citation Number : TS-825-ITAT-2019(PUN)-TP
  • Tax Payer : Kirloskar Ebara Pumps Ltd
Income tax Appellate Tribunal

ITAT: Draft order passed with demand/penalty notice, invalid; Follows Skoda, Rehau rulings

Aug 29, 2019
  • In Favour of Assessee
  • Citation Number : TS-824-ITAT-2019(PUN)-TP
  • Tax Payer : Kohler Power India Private Limited (Earlier known as “Lombardini India Private Limited”)
Income tax Appellate Tribunal

ITAT: Aggregates imports with manufacturing transaction for benchmarking; Treats abnormal forex-fluctuation as non-operating

Aug 28, 2019
  • In Favour of Assessee
  • Citation Number : TS-823-ITAT-2019(PUN)-TP
  • Tax Payer : Mercedes-Benz India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs adoption of EURIBOR+2% as interest-ALP for AE-loan; Follows earlier-orders

Aug 28, 2019
  • In Favour of Revenue
  • Citation Number : TS-822-ITAT-2019(PUN)-TP
  • Tax Payer : iGate Global Solutions Ltd
Income tax Appellate Tribunal

ITAT:Prefers 'actuals' over revenue based approach for expense allocation; Remits comparables selection

Aug 28, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-821-ITAT-2019(PUN)-TP
  • Tax Payer : Neilsoft Limited
Income tax Appellate Tribunal

ITAT: AS-17 segment reporting requirement not criteria for segmental details' reliability under IT-Act

Aug 28, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-820-ITAT-2019(Kol)-TP
  • Tax Payer : DIC India Limited
Income tax Appellate Tribunal

ITAT: Rules on comparable-selection for software developer; Excludes functionally dissimilar, software product companies

Aug 27, 2019
  • In Favour of Assessee
  • Citation Number : TS-819-ITAT-2019(Bang)-TP
  • Tax Payer : Hewlett Packard India Software Operation Pvt.Ltd
Income tax Appellate Tribunal

ITAT: Upholds segregation of management fees; Remits ALP-determination to consider assessee’s evidences

Aug 27, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-818-ITAT-2019(PUN)-TP
  • Tax Payer : Morganite Crucible India Limited
High Court

HC: Derides Revenue for filing ‘routine’ TP-appeals; Directs CBDT to issue appropriate directions

Aug 27, 2019
  • In Favour of Assessee
  • Citation Number : TS-816-HC-2019(BOM)-TP
  • Tax Payer : Nomura Structured Finance Service Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 6 comparables for IT/ITeS-provider citing functional dissimilarity, fluctuating margins; Follows precedents

Aug 27, 2019
  • In Favour of Assessee
  • Citation Number : TS-815-ITAT-2019(PUN)-TP
  • Tax Payer : BMC Software India Private Limited
Income tax Appellate Tribunal

ITAT:Upholds CIT(A)-order rejecting TPO’s re-characterization of equity investment in Cyprus-AE as loan

Aug 26, 2019
  • In Favour of Assessee
  • Citation Number : TS-814-ITAT-2019(Kol)-TP
  • Tax Payer : Philips Carbon Black Ltd
Income tax Appellate Tribunal

ITAT:Quashes final assessment order passed sans draft-order; Follows Zuari, Nokia rulings

Aug 26, 2019
  • In Favour of Assessee
  • Citation Number : TS-813-ITAT-2019(Mum)-TP
  • Tax Payer : HSBC Invest Direct Securities (I) P Ltd
Income tax Appellate Tribunal

ITAT:Upholds validity of assessment-order issued alongwith penalty notice but without demand notice

Aug 26, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-812-ITAT-2019(PUN)-TP
  • Tax Payer : Atlas Copco (India) Limited