Rulings ( 11530 results )

Filters
Income tax Appellate Tribunal

ITAT:Dismisses appeal challenging Nil-ALP of head-office expenses eligible for Sec 44C deduction

Jun 21, 2019
  • In Favour of Revenue
  • Citation Number : TS-578-ITAT-2019(Mum)-TP
  • Tax Payer : Niko (NICO) Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on exports approving aggregation approach; Rejects AMP-adjustment absent assessee-AE agreement

Jun 21, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-577-ITAT-2019(Mum)-TP
  • Tax Payer : Godrej Consumer Products Ltd
Income tax Appellate Tribunal

ITAT: Quashes final assessment order passed sans draft order in remand proceedings; Follows precedents

Jun 20, 2019
  • In Favour of Assessee
  • Citation Number : TS-575-ITAT-2019(Mum)-TP
  • Tax Payer : KSB Limited
Income tax Appellate Tribunal

ITAT: Sets-aside royalty benchmarking considering additional evidence; Excludes 5 comparables for captive software-developer

Jun 20, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-574-ITAT-2019(Bang)-TP
  • Tax Payer : Schneider Electric IT Business India Private Limited (Formerly known as American Power Conversion (India) Private Limited
Income tax Appellate Tribunal

ITAT: Upholds assessee’s corporate guarantee commission at 0.75% as ALP; Follows precedents

Jun 20, 2019
  • In Favour of Assessee
  • Citation Number : TS-573-ITAT-2019(Mum)-TP
  • Tax Payer : Wockhardt Ltd
Income tax Appellate Tribunal

ITAT: Upholds intra-group services TP-adjustment absent proof of service rendition; Follows Volvo, 3M rulings

Jun 20, 2019
  • In Favour of Revenue
  • Citation Number : TS-571-ITAT-2019(CHNY)-TP
  • Tax Payer : Andritz Separation and Pump Technologies India Pvt Ltd
High Court

HC: Declines Revenue's plea to admit additional questions on comparables selection for Goldman-Sachs

Jun 20, 2019
  • In Favour of Assessee
  • Citation Number : TS-570-HC-2019(BOM)-TP
  • Tax Payer : Goldman Sachs (India) Securities Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on corporate guarantee; Rejects credit risk adjustment for AE-loan

Jun 19, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-569-ITAT-2019(Ahd)-TP
  • Tax Payer : Torrent Pharmaceuticals Ltd
Income tax Appellate Tribunal

ITAT: Holds royalty payments approved by RBI at ALP; Deletes TP-adjustment following precedents

Jun 19, 2019
  • In Favour of Assessee
  • Citation Number : TS-568-ITAT-2019(Mum)-TP
  • Tax Payer : Dow Agrosciences Pvt Ltd
High Court

HC:Dismisses Revenue’s-appeal; Upholds ITAT-decision including/excluding comparables

Jun 19, 2019
  • In Favour of Assessee
  • Citation Number : TS-567-HC-2019(BOM)-TP
  • Tax Payer : John Deere India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for software-developer; Holds +/-5% benefit only a tolerance range

Jun 19, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-566-ITAT-2019(Mum)-TP
  • Tax Payer : Dun & Bradstreet Information Services India Private Limited
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on marketing & administrative intra-group services; Follows earlier-order

Jun 19, 2019
  • In Favour of Assessee
  • Citation Number : TS-565-ITAT-2019(PUN)-TP
  • Tax Payer : Rehau Polymers Pvt Ltd
Income tax Appellate Tribunal

ITAT: Permits aggregation of closely-linked engineering design segments having common administration/ management control

Jun 18, 2019
  • In Favour of Assessee
  • Citation Number : TS-564-ITAT-2019(Mum)-TP
  • Tax Payer : Emerson Electric Company (India) Private Limited
Income tax Appellate Tribunal

ITAT: Allows capacity utilization adjustment; Upholds application of RPT-filter to exclude 3 companies

Jun 18, 2019
  • In Favour of Assessee
  • Citation Number : TS-563-ITAT-2019(PUN)-TP
  • Tax Payer : Skoda Auto India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes protective AMP-adjustment made applying BLT in second appeal round; Follows precedents

Jun 18, 2019
  • In Favour of Assessee
  • Citation Number : TS-562-ITAT-2019(DEL)-TP
  • Tax Payer : Toshiba India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits ALP-determination of management service charges; Considers MAP-resolution for subsequent years

Jun 18, 2019
  • In Favour of Assessee
  • Citation Number : TS-561-ITAT-2019(Bang)-TP
  • Tax Payer : Flowserve India Controls Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rules on comparables, excludes high-turnover companies for ITeS and Contract-R&D services provider

Jun 18, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-560-ITAT-2019(Mum)-TP
  • Tax Payer : International Specialty Products (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs no TP-adjustment if average-collection period of assessee's AE-receivables < industry average

Jun 18, 2019
  • In Favour of Assessee
  • Citation Number : TS-559-ITAT-2019(HYD)-TP
  • Tax Payer : Value Labs Technologies
Income tax Appellate Tribunal

ITAT: Refuses to grant second innings to TPO for benchmarking sale/ purchase transaction

Jun 18, 2019
  • In Favour of Assessee
  • Citation Number : TS-558-ITAT-2019(Mum)-TP
  • Tax Payer : Supermax Personal Care Private Limited
Income tax Appellate Tribunal

ITAT:Upholds CIT’s Sec 263 revisionary proceedings considering default in electronic filing of Form 3CEB

Jun 17, 2019
  • In Favour of Assessee
  • Citation Number : TS-556-ITAT-2019(Ahd)-TP
  • Tax Payer : Summit India Water Treatment & Services Ltd