Rulings ( 11530 results )

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Income tax Appellate Tribunal

ITAT: Considers audited segmental results for ALP-determination; Grants adjustments towards stock write-off, capacity utilisation

Jun 27, 2019
  • In Favour of Assessee
  • Citation Number : TS-599-ITAT-2019(Mum)-TP
  • Tax Payer : SI Group India Limited
High Court

HC:Sets-aside ITAT order holding DRP exceeded Sec 144C jurisdiction by remitting risk adjustment quantification

Jun 26, 2019
  • In Favour of Assessee
  • Citation Number : TS-598-HC-2019(MAD)-TP
  • Tax Payer : India Trimmings Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds segregation of management fee but accepts price at ALP under CPM

Jun 26, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-597-ITAT-2019(PUN)-TP
  • Tax Payer : INA Bearings India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment for Shilpa Shetty’s free brand ambassadorship services to Rajasthan Royals; Follows precedent

Jun 26, 2019
  • In Favour of Assessee
  • Citation Number : TS-596-ITAT-2019(Mum)-TP
  • Tax Payer : Shilpa Shetty
Income tax Appellate Tribunal

ITAT: Rules on comparables selection, Remits risk-adjustment for investment advisory service provider

Jun 26, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-595-ITAT-2019(Mum)-TP
  • Tax Payer : TPG Capital India Pvt ltd
Income tax Appellate Tribunal

ITAT: Upholds corporate guarantee ALP at 0.90, remits TP-adjustment on AE-loan; Follows precedents

Jun 26, 2019
  • In Favour of Assessee
  • Citation Number : TS-594-ITAT-2019(Mum)-TP
  • Tax Payer : Technocraft Industries India Ltd
Income tax Appellate Tribunal

ITAT: Allows Sec.10A-deduction on voluntary TP-adjustment; Follows iGate HC ruling over Deloitte ruling

Jun 25, 2019
  • In Favour of Assessee
  • Citation Number : TS-593-ITAT-2019(DEL)-TP
  • Tax Payer : A T Kearney India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds TP-adjustment on unallotted share-capital advance, deletes adjustment for shares allotted

Jun 25, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-591-ITAT-2019(Mum)-TP
  • Tax Payer : KSS Ltd (Formerly known as K Sera Sera Productions Ltd.)
Income tax Appellate Tribunal

ITAT: Dismisses assessee's appeal against royalty, management services TP-adjustments in light of APA-resolution

Jun 25, 2019
  • In Favour of Revenue
  • Citation Number : TS-590-ITAT-2019(Mum)-TP
  • Tax Payer : Gia India Laboratory Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes BEML, a government-company, as comparable; Restricts TP-adjustment only to international transactions

Jun 25, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-589-ITAT-2019(PUN)-TP
  • Tax Payer : Hyundai Construction Equipment (I) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits comparability of 8 companies, working, risk adjustments to CIT(A) citing non-speaking order

Jun 25, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-588-ITAT-2019(DEL)-TP
  • Tax Payer : Comverse Network Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Excludes 3 functionally-dissimilar companies; Includes 2 citing no objection from assessee

Jun 25, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-587-ITAT-2019(DEL)-TP
  • Tax Payer : Comverse Network Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s deletion of Sec 271G penalty for diamond trader; Follows Dilipkumar V. Lakhi ruling

Jun 25, 2019
  • In Favour of Assessee
  • Citation Number : TS-586-ITAT-2019(Mum)-TP
  • Tax Payer : Blue Star Diamonds Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs FAR-analysis application if US-MAP pricing found inapplicable for non-US transactions

Jun 24, 2019
  • In Favour of Assessee
  • Citation Number : TS-585-ITAT-2019(Bang)-TP
  • Tax Payer : Dell International Services India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar TCS E-serve for ITes provider; Follows Actis Global HC-ruling

Jun 24, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-584-ITAT-2019(DEL)-TP
  • Tax Payer : Keystroke Pro India Pvt Ltd
Income tax Appellate Tribunal

ITAT:No adjustment u/s. 40A(2) warranted if assessee-AE tax rates are identical; Follows Glaxo SC-ruling

Jun 24, 2019
  • In Favour of Assessee
  • Citation Number : TS-583-ITAT-2019(Mum)-TP
  • Tax Payer : Lalit Pipes and Pipes Limited
Income tax Appellate Tribunal

ITAT:TPO not empowered to determine ALP on adhoc-basis; Deletes TP-adjustments on intra-group services

Jun 24, 2019
  • In Favour of Assessee
  • Citation Number : TS-582-ITAT-2019(Mum)-TP
  • Tax Payer : Lintas India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 4 & remits 2 comparables, for software development service provider; Follows precedents

Jun 21, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-581-ITAT-2019(Bang)-TP
  • Tax Payer : VeriSign Services India Pvt Ltd
High Court

HC:Upholds exclusion of functionally dissimilar Engineers-India absent fault in ITAT's fact finding

Jun 21, 2019
  • In Favour of Assessee
  • Citation Number : TS-580-HC-2019(MAD)-TP
  • Tax Payer : Saipem India Projects Ltd [formerly known as Saipem India Project Services Ltd.,]
Income tax Appellate Tribunal

ITAT: Rules on comparables, excludes 2 Government companies for logistics services provider; Follows precedents

Jun 21, 2019
  • In Favour of Assessee
  • Citation Number : TS-579-ITAT-2019(Mum)-TP
  • Tax Payer : APL Logistics (India) Private Limited