Rulings ( 11530 results )

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Income tax Appellate Tribunal

ITAT: Upholds Thinksoft inclusion for software R&D provider despite exclusion in earlier year

Jul 02, 2019
  • In Favour of Assessee
  • Citation Number : TS-622-ITAT-2019(PUN)-TP
  • Tax Payer : Starent Networks India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-determination of royalty & intra-group services; Follows earlier order

Jul 02, 2019
  • In Favour of Assessee
  • Citation Number : TS-621-ITAT-2019(Bang)-TP
  • Tax Payer : Filtrex Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds Accenture’s image and web development akin to ITeS; Rules on comparables

Jul 01, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-619-ITAT-2019(Mum)-TP
  • Tax Payer : Accenture Services Pvt Ltd
Income tax Appellate Tribunal

ITAT:Commercial rationality not distinct from commercial expediency; Fixes LIBOR+300bps as AE-loan ALP

Jul 01, 2019
  • In Favour of Revenue
  • Citation Number : TS-618-ITAT-2019(Mum)-TP
  • Tax Payer : Air Works India (Engineering) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on payment for management, other administrative services; Follows earlier-order

Jul 01, 2019
  • In Favour of Assessee
  • Citation Number : TS-617-ITAT-2019(Kol)-TP
  • Tax Payer : Chryso India Pvt Ltd (Previsously known as The Structural Waterproofing company Pvt. Ltd. )
Income tax Appellate Tribunal

ITAT:Upholds turnover-filter application, applies 10 times tolerance range; Follows Pentair, McAfee rulings

Jul 01, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-616-ITAT-2019(PUN)-TP
  • Tax Payer : Tetra Pak India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)-order remitting capacity adjustment issue following earlier order

Jul 01, 2019
  • In Favour of Assessee
  • Citation Number : TS-615-ITAT-2019(PUN)-TP
  • Tax Payer : Geissel India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts assessee’s internal-TNMM for benchmarking engineering services, rejects TPO’s unreliable man-hour allegation

Jul 01, 2019
  • In Favour of Assessee
  • Citation Number : TS-614-ITAT-2019(Mum)-TP
  • Tax Payer : SNC Lavalin Engineering India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects Nil-ALP for intra-group services, discards TPO’s non-furnishing of “primary evidence” stand

Jul 01, 2019
  • In Favour of Assessee
  • Citation Number : TS-613-ITAT-2019(Mum)-TP
  • Tax Payer : Jardine Lloyed Thompson Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 2 comparables applying 10-times turnover range; Follows Acusis over Chryscapital ruling

Jul 01, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-612-ITAT-2019(Bang)-TP
  • Tax Payer : Broadcom Communications Technologies Private Limited (earlier known as Broadcom India Research Private Limited)
Income tax Appellate Tribunal

ITAT: TPO lacks jurisdiction to determine assessee’s POEM; Quashes TP proceedings

Jun 29, 2019
  • In Favour of Assessee
  • Citation Number : TS-611-ITAT-2019(PUN)-TP
  • Tax Payer : Sava Healthcare Ltd (earlier known as Anagha Pharma Pvt Ltd)
High Court

HC: Dismisses assessee’s appeal on TP-adjustments sans establishing perversity in ITAT-order; Follows Softbrands

Jun 28, 2019
  • In Favour of Revenue
  • Citation Number : TS-608-HC-2019(MAD)-TP
  • Tax Payer : Indian Additives Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s MP; Recalls Tribunal-order for adjudicating on exclusion of 2 comparables

Jun 28, 2019
  • In Favour of Assessee
  • Citation Number : TS-607-ITAT-2019(Bang)-TP
  • Tax Payer : Synopsys (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Dismisses Revenue’s MP challenging non-consideration of Volvo ruling while rejecting license fees’ nil-ALP

Jun 28, 2019
  • In Favour of Assessee
  • Citation Number : TS-606-ITAT-2019(Bang)-TP
  • Tax Payer : Adcock Ingram Limited
Income tax Appellate Tribunal

ITAT:Upholds TP-adjustment deletion; Chapter X inapplicable to income covered under tonnage tax scheme

Jun 28, 2019
  • In Favour of Assessee
  • Citation Number : TS-605-ITAT-2019(Mum)-TP
  • Tax Payer : Van Oord India P Ltd
Income tax Appellate Tribunal

ITAT:Rejects Nil-ALP of marketing & administrative intra-group services; Follows earlier order

Jun 28, 2019
  • In Favour of Assessee
  • Citation Number : TS-604-ITAT-2019(PUN)-TP
  • Tax Payer : Rehau Polymers Pvt Ltd
Income tax Appellate Tribunal

ITAT: Modifies Tribunal-order, removes observations on PLI-treatment of payout income/cost as issue unargued

Jun 28, 2019
  • In Favour of Assessee
  • Citation Number : TS-603-ITAT-2019(PUN)-TP
  • Tax Payer : Capstone Securities Analysis Pvt Ltd
Income tax Appellate Tribunal

ITAT: TPO’s non-acceptance of Sec 92D information/documents not ground to levy Sec 271G penalty

Jun 28, 2019
  • In Favour of Assessee
  • Citation Number : TS-602-ITAT-2019(Mum)-TP
  • Tax Payer : Dauji & Co
Income tax Appellate Tribunal

ITAT:Remits ALP-determination of assessee’s receipt of second line support services; Follows earlier-orders

Jun 27, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-601-ITAT-2019(DEL)-TP
  • Tax Payer : Ericsson India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-addition on intra-group services rejecting Nil ALP; Considers service receipt/ benefit established

Jun 27, 2019
  • In Favour of Assessee
  • Citation Number : TS-600-ITAT-2019(Mum)-TP
  • Tax Payer : FCB Ulka Advertising Pvt Ltd (Earlier known as Draft FCB Ulka Advertising P. Ltd.)