Rulings ( 11530 results )

Filters
Income tax Appellate Tribunal

ITAT: Restores cryptic DRP order on share valuation TP-issue for passing speaking order

Jun 14, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-555-ITAT-2019(Bang)-TP
  • Tax Payer : Wevin Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits comparable-selection noting selective application of filters, non-compliance of DRP’s directions

Jun 14, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-554-ITAT-2019(Bang)-TP
  • Tax Payer : SanDisk India Device Design Centre Private Limited
Income tax Appellate Tribunal

ITAT:Forex gains/loss from trading transactions operating; Safe-harbour rules inapplicable to subject year

Jun 14, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-553-ITAT-2019(PUN)-TP
  • Tax Payer : INA Bearings India Pvt Ltd
Income tax Appellate Tribunal

ITAT: No further profits attributable to assessee in India when remuneration accepted as ALP

Jun 14, 2019
  • In Favour of Assessee
  • Citation Number : TS-552-ITAT-2019(Mum)-TP
  • Tax Payer : Celltick Technologies Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for investment advisory service provider; Follows precedents

Jun 14, 2019
  • In Favour of Assessee
  • Citation Number : TS-551-ITAT-2019(Mum)-TP
  • Tax Payer : Bain Capital Advisors (India) Private Limited
Income tax Appellate Tribunal

ITAT:Rectification order u/s 154, not assessment order; Requirement to pass draft order inapplicable

Jun 14, 2019
  • In Favour of Revenue
  • Citation Number : TS-549-ITAT-2019(Ahd)-TP
  • Tax Payer : Talent Anywhere Services Pvt Ltd (formerly known as QSG Resources Management India Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Adopts LIBOR+200bps as interest benchmark for AE-loan, 0.5% as guarantee fee ALP

Jun 13, 2019
  • In Favour of Assessee
  • Citation Number : TS-548-ITAT-2019(Mum)-TP
  • Tax Payer : Piramal Glass Ltd
Income tax Appellate Tribunal

ITAT:Rejects TPO’s characterization of assessee as manufacturer; Upholds assessee’s RPM for benchmarking AE-imports

Jun 13, 2019
  • In Favour of Assessee
  • Citation Number : TS-547-ITAT-2019(Mum)-TP
  • Tax Payer : Randox Laboratories (India) P Ltd
Income tax Appellate Tribunal

ITAT:Rules on validity of draft-order passed absent variation between returned, assessed income

Jun 13, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-546-ITAT-2019(CHNY)-TP
  • Tax Payer : Ford Global Technologies LLC
Income tax Appellate Tribunal

ITAT:Rejects PSM for vessel-management services absent unique intangibles, interrelated transactions; Accepts internal-CUP

Jun 13, 2019
  • In Favour of Assessee
  • Citation Number : TS-545-ITAT-2019(CHNY)-TP
  • Tax Payer : Synergy Maritime Pvt Ltd
Income tax Appellate Tribunal

ITAT:Accepts Singapore-AE as tested party, TNMM as MAM for benchmarking intra-group services

Jun 12, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-544-ITAT-2019(Mum)-TP
  • Tax Payer : CWT India Private Limited
Income tax Appellate Tribunal

ITAT: Prefers internal CUP to TNMM for benchmarking equipment purchase, sets aside issue

Jun 12, 2019
  • In Favour of Assessee
  • Citation Number : TS-543-ITAT-2019(Bang)-TP
  • Tax Payer : CISCO Systems Capital (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Memorandum entries for charter-hire reimbursement, an ‘international transaction’; Rejects 7.5 presumptive markup

Jun 12, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-542-ITAT-2019(Ahd)-TP
  • Tax Payer : Synefra Engineering & Construction Ltd (now known as Aspen Infrastructures Limited)
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar Vama Industries for software-developer though initially included in TP-study

Jun 12, 2019
  • In Favour of Assessee
  • Citation Number : TS-541-ITAT-2019(PUN)-TP
  • Tax Payer : Approva Systems Private Limited (now merged with Infor (India) Private Limited)
Income tax Appellate Tribunal

ITAT:Depreciation an inseparable and integral part of operating-costs, rejects assessee’s cash-PLI plea

Jun 11, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-540-ITAT-2019(PUN)-TP
  • Tax Payer : INA Bearings India Pvt. Ltd
Foreign Court

FC: US Appeals Court again overturns Altera decision, validates IRS-regulation requiring stock-based compensation costs sharing

Jun 11, 2019
  • In Favour of Revenue
  • Citation Number : TS-1249-FC-2019(USA)-TP
  • Tax Payer : Altera Corporation & Subsidiaries
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on exports, royalty, ECB, IS-services payments; Follows earlier-order

Jun 11, 2019
  • In Favour of Assessee
  • Citation Number : TS-539-ITAT-2019(Mum)-TP
  • Tax Payer : Firmenich Aromatics (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds internal-CUP, alternatively internal-TNMM for call center services; Rules on comparables

Jun 11, 2019
  • In Favour of Assessee
  • Citation Number : TS-538-ITAT-2019(Ahd)-TP
  • Tax Payer : Effective Teleservices Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-issues for software developer absent CIT(A)’s independent findings on comparables etc.

Jun 11, 2019
  • In Favour of Assessee
  • Citation Number : TS-537-ITAT-2019(CHNY)-TP
  • Tax Payer : Trimble Information Technologies India Private Limited
Income tax Appellate Tribunal

ITAT:AMP-spend sans agreement between assessee-AE, not international transaction, not subject to ALP-determination

Jun 11, 2019
  • In Favour of Assessee
  • Citation Number : TS-536-ITAT-2019(Mum)-TP
  • Tax Payer : Synthes Medical Pvt Ltd