Rulings ( 11530 results )

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Income tax Appellate Tribunal

ITAT: Excludes 3 companies citing high-end KPO, employee-cost filter failure, for ITeS provider

Aug 19, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-790-ITAT-2019(Bang)-TP
  • Tax Payer : Software Paradigms Infotech Pvt Ltd
Foreign Court

FC: US Appeals Court upholds Tax Court's relief to Amazon in intangibles related TP dispute

Aug 19, 2019
  • In Favour of Assessee
  • Citation Number : TS-1250-FC-2019(USA)-TP
  • Tax Payer : Amazon.com
Income tax Appellate Tribunal

ITAT: Includes forex cost on expat-salary for ‘cost+’ based remuneration; Declines safe-harbour application

Aug 16, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-789-ITAT-2019(DEL)-TP
  • Tax Payer : AT& T Communication Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adopts EURIBOR+2% for benchmarking AE-loan interest; Follows earlier ruling

Aug 16, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-788-ITAT-2019(PUN)-TP
  • Tax Payer : iGate Global Solutions Ltd
Income tax Appellate Tribunal

ITAT: Restores appeal to CIT(A) citing non-speaking order on AE credit notes adjustment

Aug 16, 2019
  • In Favour of Assessee
  • Citation Number : TS-787-ITAT-2019(DEL)-TP
  • Tax Payer : Fujitsu Consulting India P Ltd
Income tax Appellate Tribunal

ITAT: Characterizes assessee as ITes-provider; Includes low-turnover, but functionally similar companies

Aug 16, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-786-ITAT-2019(DEL)-TP
  • Tax Payer : American Express (I) P Ltd
Income tax Appellate Tribunal

ITAT: Grants benefit of volume discount on AE-export at discounted rate; Follows precedents

Aug 16, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-785-ITAT-2019(PUN)-TP
  • Tax Payer : Floressence Perfumes Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables citing functional-dissimilarity, brand value, for software developer; Remits forex gain/loss treatment

Aug 16, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-784-ITAT-2019(Bang)-TP
  • Tax Payer : CSG Systems International (India) Private Limited
High Court

HC: Dismisses Revenue’s appeal; Upholds ITAT’s exclusion of Infosys BPO for ITeS-provider

Aug 14, 2019
  • In Favour of Assessee
  • Citation Number : TS-783-HC-2019(DEL)-TP
  • Tax Payer : SYMPHONY MARKETING SOLUTIONS INDIA PVT. LTD. (NOW MERGED WITH GENPACT INDIA)
Income tax Appellate Tribunal

ITAT: Excludes 2 functionally dissimilar comparables for ITeS-provider; Follows precedents

Aug 14, 2019
  • In Favour of Assessee
  • Citation Number : TS-782-ITAT-2019(Mum)-TP
  • Tax Payer : Prudential Process Management Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects Revenue’s appeal against adjustment to comparables’ profit-margin considering HC-order in own case

Aug 14, 2019
  • In Favour of Assessee
  • Citation Number : TS-781-ITAT-2019(DEL)-TP
  • Tax Payer : Bombardier Transportation India Pvt
Income tax Appellate Tribunal

ITAT: Remits royalty TP-adjustment to adjudicate assessee's plea that income merely routed through AE

Aug 14, 2019
  • In Favour of Assessee
  • Citation Number : TS-780-ITAT-2019(Mum)-TP
  • Tax Payer : Universal Music (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes Sec.271G penalty for diamonds-trader; Practical difficulty in furnishing information constitutes reasonable cause

Aug 14, 2019
  • In Favour of Assessee
  • Citation Number : TS-779-ITAT-2019(Mum)-TP
  • Tax Payer : Jasani
Income tax Appellate Tribunal

ITAT: Directs working-capital adjustment based on OECD formula; Follows earlier-years approach

Aug 14, 2019
  • In Favour of Assessee
  • Citation Number : TS-778-ITAT-2019(DEL)-TP
  • Tax Payer : Hewitt Associates (India)P Ltd
Income tax Appellate Tribunal

ITAT: Rejects DRP’s suo-moto introduction of ‘Onsite-revenue filter’ post TPO’s TP-analysis; Excludes 3 comparables

Aug 14, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-777-ITAT-2019(Bang)-TP
  • Tax Payer : Herbalife International India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Determines guarantee fee ALP at 0.5%; Remits AE-loan adjustment directing LIBOR application

Aug 14, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-776-ITAT-2019(Mum)-TP
  • Tax Payer : Alok Industries Ltd
Supreme Court

SC: TP-adjustment made absent TPO-reference contrary to Instruction 3/2003, but permits remand to AO

Aug 13, 2019
  • In Favour of Assessee
  • Citation Number : TS-775-SC-2019-TP
  • Tax Payer : S.G. ASIA HOLDINGS (INDIA)PVT. LTD
Income tax Appellate Tribunal

ITAT: Adopts SBI rate for benchmarking trade receivables; Rules on comparables for IT/ITeS provider

Aug 13, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-774-ITAT-2019(HYD)-TP
  • Tax Payer : Infor (India) P Ltd (formerly known as Infor Global Solutions (India) P Ltd
Income tax Appellate Tribunal

ITAT: Holds AMP-adjustment not international transaction for assessee-trader in second round of proceedings

Aug 13, 2019
  • In Favour of Assessee
  • Citation Number : TS-773-ITAT-2019(Mum)-TP
  • Tax Payer : India Medtronic Private Ltd
Income tax Appellate Tribunal

ITAT:Final assessment order passed without draft-order, invalid; Assessee’s participation in proceedings irrelevant

Aug 13, 2019
  • In Favour of Assessee
  • Citation Number : TS-772-ITAT-2019(PUN)-TP
  • Tax Payer : Jain Irrigation Systems Ltd