Rulings ( 11530 results )
High Court
HC: Dismisses Revenue’s appeal against ITAT’s exclusion of routine selling, distribution expenses from AMP-expenses
Aug 07, 2019
- In Favour of Assessee
- Citation Number : TS-750-HC-2019(DEL)-TP
- Tax Payer : Haier Appliances India Limited
Income tax Appellate Tribunal
ITAT:Deletes TP-adjustment for export/import transactions; Accepts assessee’s aggregation approach, following earlier-orders
Aug 06, 2019
- In Favour of Assessee
- Citation Number : TS-749-ITAT-2019(PUN)-TP
- Tax Payer : Tetra Pak India Private Limited
Income tax Appellate Tribunal
ITAT:Adopts RPM over TNMM for benchmarking imports in distribution segment; Follows Videojet-ruling
Aug 06, 2019
- In Favour of Assessee
- Citation Number : TS-748-ITAT-2019(Mum)-TP
- Tax Payer : Ecolab Food Safety & Hygiene Private Limited
Income tax Appellate Tribunal
ITAT:Deletes TP-adjustment on import-transaction citing small proportion of AE-imports; Follows earlier order
Aug 06, 2019
- In Favour of Assessee
- Citation Number : TS-747-ITAT-2019(DEL)-TP
- Tax Payer : Hero MotoCorp Ltd
High Court
HC:Dismisses assessee’s writ challenging AO’s reference to TPO for ALP-determination of SDT
Aug 06, 2019
- In Favour of Revenue
- Citation Number : TS-746-HC-2019(DEL)-TP
- Tax Payer : SKH MANAGEMENT SERVICES LTD
Income tax Appellate Tribunal
ITAT:Includes third-party marketing expenses reimbursement in PLI-computation; Rejects Trip Advisor's ‘conduit’ plea
Aug 06, 2019
- In Favour of Both, Partially
- Citation Number : TS-745-ITAT-2019(DEL)-TP
- Tax Payer : Trip Advisor Travel India Pvt Ltd
Income tax Appellate Tribunal
ITAT:Remits TP-adjustment on imports made without effecting DRP-directions; Remits AMP-adjustment following own order
Aug 05, 2019
- In Favour of Assessee
- Citation Number : TS-743-ITAT-2019(DEL)-TP
- Tax Payer : Adidas India Marketing Pvt Ltd
Income tax Appellate Tribunal
ITAT:Directs aggregate approach adoption under TNMM for intra-group services; Follows earlier order
Aug 05, 2019
- In Favour of Both, Partially
- Citation Number : TS-742-ITAT-2019(DEL)-TP
- Tax Payer : Bombardier Transportation India Ltd
Income tax Appellate Tribunal
ITAT: Upholds DRP’s enhancement powers u/s 144C; Rejects TPO’s internal-TNMM for benchmarking Unilever’s exports
Aug 05, 2019
- In Favour of Both, Partially
- Citation Number : TS-741-ITAT-2019(Mum)-TP
- Tax Payer : Unilever India Exports Ltd
Income tax Appellate Tribunal
ITAT:Upholds Sec 263 revisionary-order for AO’s SDT non-reference to TPO; Follows Ranbaxy ruling
Aug 05, 2019
- In Favour of Revenue
- Citation Number : TS-740-ITAT-2019(VIZ)-TP
- Tax Payer : Sree Tirumala Steel Rolling Mills Private Ltd
Income tax Appellate Tribunal
ITAT:Upholds deletion of TP-adjustment on sales, interest-adjustment on AE-loan; Follows earlier order
Aug 05, 2019
- In Favour of Both, Partially
- Citation Number : TS-739-ITAT-2019(Mum)-TP
- Tax Payer : Ion Exchange (India) Ltd
Income tax Appellate Tribunal
ITAT: Rules on comparables selection for ITES-provider, excludes outsourcing comparables, companies with extraordinary events
Aug 02, 2019
- In Favour of Both, Partially
- Citation Number : TS-738-ITAT-2019(Mum)-TP
- Tax Payer : Technip India Ltd (Amalgamated with Technip E&C India Ltd.)
Income tax Appellate Tribunal
ITAT:Excludes 4 comparables citing different business model, unreliable data etc; Follows precedents
Aug 02, 2019
- In Favour of Assessee
- Citation Number : TS-737-ITAT-2019(Mum)-TP
- Tax Payer : Gartner India Research & Advisory Services Private Ltd
Income tax Appellate Tribunal
ITAT: Remits TP-adjustment on outstanding AE-receivables for fresh adjudication following earlier orders
Aug 02, 2019
- In Favour of Assessee
- Citation Number : TS-736-ITAT-2019(DEL)-TP
- Tax Payer : D E Shaw India Advisory Services Private Limited
Income tax Appellate Tribunal
ITAT: AMP-spend allowable business expenditure if brand owned by Indian-entity, TP-adjustment not sustainable
Aug 02, 2019
- In Favour of Assessee
- Citation Number : TS-735-ITAT-2019(Bang)-TP
- Tax Payer : Unibic Foods India Pvt Ltd (formerly Unibic Biscuits India Pvt. Ltd.)
High Court
HC: Upholds ITAT-order quashing assessment on non-existent amalgamating company as void ab initio
Aug 02, 2019
- In Favour of Assessee
- Citation Number : TS-734-HC-2019(DEL)-TP
- Tax Payer : Transcend MT Services Pvt Ltd
High Court
HC: Upholds ITAT’s inclusion of 'loss-making' comparables considering industry trend of declining revenues
Aug 02, 2019
- In Favour of Assessee
- Citation Number : TS-733-HC-2019(DEL)-TP
- Tax Payer : NOKIA SIEMENS NETWORK INDIA P LTD
Income tax Appellate Tribunal
ITAT: Deletes AE-receivables adjustment; Extended credit impact subsumed in TNMM when factored in export-pricing
Aug 01, 2019
- In Favour of Assessee
- Citation Number : TS-732-ITAT-2019(DEL)-TP
- Tax Payer : BTR Packaging Pvt Ltd
Income tax Appellate Tribunal
ITAT:Remits AMP-issue for Adidas India to follow directions of co-ordinate bench in earlier-order
Aug 01, 2019
- In Favour of Assessee
- Citation Number : TS-731-ITAT-2019(DEL)-TP
- Tax Payer : Adidas India Marketing (P.) Ltd
Income tax Appellate Tribunal
ITAT: Remits TP-issues regarding Royalty and Product Development fee benchmarking; Follows earlier order
Aug 01, 2019
- In Favour of Assessee
- Citation Number : TS-730-ITAT-2019(DEL)-TP
- Tax Payer : Nissin Brake India P Ltd