Rulings ( 11530 results )
Income tax Appellate Tribunal
ITAT: Excludes Cignity, Thirdware, remits Aspire for RPT verification for low-end software developer
Aug 13, 2019
- In Favour of Both, Partially
- Citation Number : TS-771-ITAT-2019(Mum)-TP
- Tax Payer : Lionbridge Technologies Private Limited
Income tax Appellate Tribunal
ITAT:Holds forex gains as operating income; Remits comparability of MPS Ltd. for ITes-provider
Aug 13, 2019
- In Favour of Both, Partially
- Citation Number : TS-770-ITAT-2019(Bang)-TP
- Tax Payer : Ocwen Financial Solutions Pvt Ltd
Income tax Appellate Tribunal
ITAT: Holds Eclerx, a KPO-company, incomparable to ITeS-provider; Distinguishes ruling in own case
Aug 12, 2019
- In Favour of Both, Partially
- Citation Number : TS-769-ITAT-2019(HYD)-TP
- Tax Payer : Hyundai Motor India Engineering Private Limited
Income tax Appellate Tribunal
ITAT: Sec.4 chargeability pre-condition for invoking Chapter-X; Deletes TP-adjustment towards hypothetical FCCD interest
Aug 12, 2019
- In Favour of Assessee
- Citation Number : TS-768-ITAT-2019(DEL)-TP
- Tax Payer : TMW ASPF i Cyprus Holding Company Ltd
Income tax Appellate Tribunal
ITAT: TPO cannot re-examine earlier view regarding comparable inclusion/ exclusion while effecting DRP’s directions
Aug 09, 2019
- In Favour of Assessee
- Citation Number : TS-767-ITAT-2019(PUN)-TP
- Tax Payer : MACOM Technology Solutions (India) Private Limited (formerly known as Applied Micro Circuits India Private Limited)
Income tax Appellate Tribunal
ITAT:Upholds TP-adjustment deletion on indenting commission considering TPO’s awry application of CPM
Aug 09, 2019
- In Favour of Both, Partially
- Citation Number : TS-766-ITAT-2019(PUN)-TP
- Tax Payer : Atlas Copco (India) Limited
Income tax Appellate Tribunal
ITAT: Upholds CIT(A)’s corporate guarantee ALP determination at 0.5%; Follows precedents
Aug 09, 2019
- In Favour of Assessee
- Citation Number : TS-765-ITAT-2019(Mum)-TP
- Tax Payer : Laqshya Media Pvt Ltd
Income tax Appellate Tribunal
ITAT: Upholds TPO’s unallocated cost apportionment for computing segmental profits for software-R&D division
Aug 09, 2019
- In Favour of Both, Partially
- Citation Number : TS-764-ITAT-2019(Bang)-TP
- Tax Payer : Trident Microsystems India Pvt Ltd
Income tax Appellate Tribunal
ITAT:Rules on comparables for Corporate-support and R&D services provider; Follows precedents
Aug 09, 2019
- In Favour of Both, Partially
- Citation Number : TS-763-ITAT-2019(Mum)-TP
- Tax Payer : International Specialty Products (India) Pvt Limited
Income tax Appellate Tribunal
ITAT: Upholds segregation of management-fee but considers payment at ALP under CPM; Follows precedent
Aug 08, 2019
- In Favour of Assessee
- Citation Number : TS-762-ITAT-2019(PUN)-TP
- Tax Payer : INA Bearings India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Declines assessee’s MA observing Tribunal's ‘application of mind’ on comparable exclusion
Aug 08, 2019
- In Favour of Both, Partially
- Citation Number : TS-761-ITAT-2019(HYD)-TP
- Tax Payer : Wissen Infotech Pvt Ltd
Income tax Appellate Tribunal
ITAT: AMP-expense, not international transaction, absent incurrence for AE’s brand promotion; Follows earlier-order
Aug 08, 2019
- In Favour of Assessee
- Citation Number : TS-760-ITAT-2019(Kol)-TP
- Tax Payer : Organon (India) Private Limited
Income tax Appellate Tribunal
ITAT: Rejects CIT(A)’s average EURIBOR as interest-ALP for AE-loan; Adopts EURIBOR+2% following Aurionpro
Aug 08, 2019
- In Favour of Both, Partially
- Citation Number : TS-759-ITAT-2019(PUN)-TP
- Tax Payer : iGate Global Solutions Ltd
Supreme Court
SC: Assessee challenges HC-order upholding ITAT’s comparable-selection for its software development segment
Aug 08, 2019
- In Favour of Both, Partially
- Citation Number : TS-758-SC-2019-TP
- Tax Payer : STERIA INDIA LTD (EARLIER KNOWN AS XANSA INDIA LTD.)
Supreme Court
SC: Dismisses Revenue’s SLP against HC’s allowance of Pepsi’s price-support to related parties
Aug 07, 2019
- In Favour of Assessee
- Citation Number : TS-757-SC-2019-TP
- Tax Payer : Pepsi Foods Private Limited
High Court
HC: Upholds ITAT’s exclusion of 5 comparables for ITes provider; Follows precedents
Aug 07, 2019
- In Favour of Assessee
- Citation Number : TS-756-HC-2019(DEL)-TP
- Tax Payer : TORUS BUSINESS SOLUTION PVT. LTD
High Court
HC: Sets-aside ITAT’s cryptic order rejecting stay on demand arising from TP-adjustment
Aug 07, 2019
- In Favour of Assessee
- Citation Number : TS-755-HC-2019(KAR)-TP
- Tax Payer : Sterling Urban Developments Private Limited
High Court
HC: Upholds ITAT’s comparable-selection; No estoppel against assessee rejecting its own comparables
Aug 07, 2019
- In Favour of Assessee
- Citation Number : TS-753-HC-2019(BOM)-TP
- Tax Payer : WIKA Instruments India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Adopts ALP at 0.53% for guarantee, 0.5% for comfort-guarantee; Follows precedent in own-case
Aug 07, 2019
- In Favour of Both, Partially
- Citation Number : TS-752-ITAT-2019(Mum)-TP
- Tax Payer : Glenmark Pharmaceuticals Ltd
High Court
HC:Disposes McKinsey India’s appeal, clarifies ITAT’s KPO characterization not to constitute precedent
Aug 07, 2019
- In Favour of Assessee
- Citation Number : TS-751-HC-2019(DEL)-TP
- Tax Payer : Mckinsey Knowledge Centre India Pvt Ltd