Rulings ( 11530 results )

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High Court

HC:Holds similarity of transactions not sole/reliable yardstick for comparables selection; Reverses ITAT-order

Jul 26, 2019
  • In Favour of Assessee
  • Citation Number : TS-709-HC-2019(DEL)-TP
  • Tax Payer : Avaya India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits royalty on trademark & intra-group services TP-adjustment; Follows earlier-orders

Jul 25, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-708-ITAT-2019(Mum)-TP
  • Tax Payer : Mondelez India Foods P Ltd (formerly known as Cadbury India Ltd.)
Supreme Court

SC: Dismisses Revenue's appeal; Assessment on non-existent entity, a ‘substantive illegality’, not procedural violation

Jul 25, 2019
  • In Favour of Assessee
  • Citation Number : TS-707-SC-2019-TP
  • Tax Payer : Maruti Suzuki India Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables for Channel-V; Rejects separate income determination for non-AE transactions

Jul 25, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-706-ITAT-2019(Mum)-TP
  • Tax Payer : Channel V Music Networks Limited
Income tax Appellate Tribunal

ITAT:Allows assessee’s MP; Recalls order to rectify direction on working capital adjustment consideration

Jul 24, 2019
  • In Favour of Assessee
  • Citation Number : TS-705-ITAT-2019(DEL)-TP
  • Tax Payer : Akzo Noble Car Refinishes India Pvt. Ltd. (formerly known as Akzo Nobel Car Refinishes India Limited)
High Court

HC: Upholds ITAT’s comparables selection for assessee providing engineering, financial, IT-Infrastructure support services

Jul 24, 2019
  • In Favour of Assessee
  • Citation Number : TS-704-HC-2019(DEL)-TP
  • Tax Payer : Bechtel India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables for software-developer citing functional dissimilarity, segmental data unavailability etc.

Jul 24, 2019
  • In Favour of Assessee
  • Citation Number : TS-703-ITAT-2019(DEL)-TP
  • Tax Payer : Mentor Graphic (India) P Ltd
High Court

HC: Dismisses Revenue’s appeal; Upholds ITAT’s comparables-selection made after FAR-analysis for ITeS provider

Jul 24, 2019
  • In Favour of Assessee
  • Citation Number : TS-701-HC-2019(DEL)-TP
  • Tax Payer : Fluor Daniel India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Considers AO/TPO's adoption of wrong PLI for assessee; Remits issue for verification

Jul 24, 2019
  • In Favour of Assessee
  • Citation Number : TS-700-ITAT-2019(PUN)-TP
  • Tax Payer : Carraro India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparable-selection; Delayed recovery of debtors not loans/advances to AE

Jul 23, 2019
  • In Favour of Assessee
  • Citation Number : TS-698-ITAT-2019(Mum)-TP
  • Tax Payer : Mobileum (India) Pvt Ltd (Formerly known as Roamware India Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Excludes Accentia Technologies, Acropetal & Crossdomain Solutions for BPO service-provider; Follows precedents

Jul 23, 2019
  • In Favour of Assessee
  • Citation Number : TS-697-ITAT-2019(Mum)-TP
  • Tax Payer : BancTec TPS India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds TP-adjustment deletion on corporate-guarantee, accepts assessee’s 1% as ALP; Follows precedent

Jul 23, 2019
  • In Favour of Assessee
  • Citation Number : TS-696-ITAT-2019(Mum)-TP
  • Tax Payer : Glenmark Generics Ltd
Income tax Appellate Tribunal

ITAT: Deletes AMP-adjustment; Rejects Revenue’s plea to keep matter in abeyance till SC-outcome

Jul 23, 2019
  • In Favour of Assessee
  • Citation Number : TS-695-ITAT-2019(Mum)-TP
  • Tax Payer : Kellogg India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs verification of segmental-results to confirm CIT(A)’s TP-adjustment deletion adopting internal TNMM

Jul 22, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-694-ITAT-2019(Mum)-TP
  • Tax Payer : CanvasM Technologies Ltd (Now Tech Mahindra Ltd.)
Income tax Appellate Tribunal

ITAT:Deletes penalty for non-reporting share-transaction in Form 3CEB; Considers impossibility of performance plea

Jul 22, 2019
  • In Favour of Assessee
  • Citation Number : TS-693-ITAT-2019(Mum)-TP
  • Tax Payer : Fremantle India Television Productions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 12 comparables for software developer, follows precedents; Allows working-capital adjustment

Jul 22, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-692-ITAT-2019(Bang)-TP
  • Tax Payer : Smarsh India Private Limited (formerly Actiance India Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Allows assessee’s appeal withdrawal considering TP-issues resolved under India-Japan MAP

Jul 22, 2019
  • In Favour of Assessee
  • Citation Number : TS-691-ITAT-2019(Bang)-TP
  • Tax Payer : Yaskawa India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on Indian currency denominated CCD-interest, considers higher PLR; Follows earlier ruling

Jul 22, 2019
  • In Favour of Assessee
  • Citation Number : TS-690-ITAT-2019(HYD)-TP
  • Tax Payer : Adama India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adopts LIBOR+300bps as share-application money ALP; Deletes TP-adjustment on AE-receivables

Jul 22, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-689-ITAT-2019(Mum)-TP
  • Tax Payer : Suashish Diamonds Ltd
Income tax Appellate Tribunal

ITAT:Upholds CIT(A)’s deletion of TP-adjustment on management services fee; Follows earlier order

Jul 22, 2019
  • In Favour of Assessee
  • Citation Number : TS-688-ITAT-2019(PUN)-TP
  • Tax Payer : Spicer India Pvt Ltd