Rulings ( 11530 results )

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Income tax Appellate Tribunal

ITAT: Sets-aside CIT(A)’s cryptic order on TP-issues; Directs CIT(A) to pass speaking order

Jun 11, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-535-ITAT-2019(Bang)-TP
  • Tax Payer : ARM Embedded Technologies Private Limited
Income tax Appellate Tribunal

ITAT:Sets-aside assessment order; Draft order issued with demand, penalty notices invalid

Jun 11, 2019
  • In Favour of Assessee
  • Citation Number : TS-534-ITAT-2019(PUN)-TP
  • Tax Payer : Skoda Auto India Pvt Ltd
High Court

HC: Permits assessee to file another miscellaneous petition to rectify earlier defect

Jun 11, 2019
  • In Favour of Assessee
  • Citation Number : TS-533-HC-2019(KAR)-TP
  • Tax Payer : IDS SOFTWARE SOLUTIONS INDIA PRIVATE LTD
Income tax Appellate Tribunal

ITAT: Upholds segregation of intra-group services but rejects Nil-ALP under CUP-method; Remits issue

Jun 10, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-532-ITAT-2019(DEL)-TP
  • Tax Payer : Bucher Hydraulics P Ltd
Income tax Appellate Tribunal

ITAT: Determines corporate guarantee ALP at 0.5% following earlier-order; Remits ALP-determination

Jun 10, 2019
  • In Favour of Assessee
  • Citation Number : TS-531-ITAT-2019(Mum)-TP
  • Tax Payer : Apar Industries Limited
Income tax Appellate Tribunal

ITAT: Excludes 10, includes 2 and restores 4 comparables for captive software developer

Jun 10, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-530-ITAT-2019(DEL)-TP
  • Tax Payer : ST-Ericcson India Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal; Confirms ITAT’s TP-adjustment deletion on interest on AE-loan

Jun 07, 2019
  • In Favour of Assessee
  • Citation Number : TS-527-HC-2019(BOM)-TP
  • Tax Payer : Hinduja Global Solutions Limited
High Court

HC: Dismisses Revenue’s appeal; Upholds ITAT's TP-adjustment restriction to international transaction by following precedents

Jun 07, 2019
  • In Favour of Assessee
  • Citation Number : TS-526-HC-2019(BOM)-TP
  • Tax Payer : Bunge India Pvt Ltd
High Court

HC:Questioning benefit from royalty payment not within TPO’s purview; Confirms TP-adjustment deletion

Jun 07, 2019
  • In Favour of Assessee
  • Citation Number : TS-525-HC-2019(BOM)-TP
  • Tax Payer : SI Group­India Limited
High Court

HC: Dismisses Revenue’s appeal challenging 3 comparables exclusion for software-developer; Follows Barclays HC-ruling

Jun 07, 2019
  • In Favour of Assessee
  • Citation Number : TS-524-HC-2019(BOM)-TP
  • Tax Payer : Emptoris Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: AMP-expense, not international transaction, absent agreement/arrangement between assessee-AE; Rejects BLT, intensity adjustment

Jun 07, 2019
  • In Favour of Assessee
  • Citation Number : TS-523-ITAT-2019(CHANDI)-TP
  • Tax Payer : Widex India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits segregation of technical support transaction from business-support segment; Rules on comparables

Jun 06, 2019
  • In Favour of Assessee
  • Citation Number : TS-522-ITAT-2019(DEL)-TP
  • Tax Payer : Qualcomm India Pvt. Ltd
Income tax Appellate Tribunal

ITAT:Rejects DRP’s treatment of assessee’s fresh benchmarking report as unauthenticated; Remits issue

Jun 06, 2019
  • In Favour of Assessee
  • Citation Number : TS-521-ITAT-2019(Mum)-TP
  • Tax Payer : Mahindra Heavy Engines Pvt Ltd (Earlier Mahindra Navistar Engines Pvt. Ltd. and earlier to this MIM Engines India Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT:Applies international borrowing rate over AE-loan rate for working capital adjustment computation

Jun 06, 2019
  • In Favour of Assessee
  • Citation Number : TS-516-ITAT-2019(Kol)-TP
  • Tax Payer : Emami Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables for software development service provider; Follows precedents

Jun 05, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-515-ITAT-2019(Bang)-TP
  • Tax Payer : Force 10 Networks India Pvt Ltd (merged with Dell International Services India Pvt. Ltd.,)
Income tax Appellate Tribunal

ITAT:Quashes assessment order on ‘non-existent’ amalgamating company; Follows Spice Entertainment HC-ruling

Jun 05, 2019
  • In Favour of Assessee
  • Citation Number : TS-514-ITAT-2019(PUN)-TP
  • Tax Payer : Amdocs Development Centre India LLP (as a successor of Amdocs Development Centre India Private Limited) (as a successor of Amdoc
Income tax Appellate Tribunal

ITAT:Accepts valuation certificate under CIRIA-norms as valid CUP for dredger lease rentals

Jun 05, 2019
  • In Favour of Assessee
  • Citation Number : TS-513-ITAT-2019(Mum)-TP
  • Tax Payer : Van Oord Dredging and Marine Contractor BV
Income tax Appellate Tribunal

ITAT: Excludes 10 comparables for engineering design segment; Remits working capital, other adjustments

Jun 05, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-512-ITAT-2019(DEL)-TP
  • Tax Payer : Terex India Private Ltd
Income tax Appellate Tribunal

ITAT: Recalls order for adjudicating 2 comparables; Upholds outsourcing-cost treatment as operating expense

Jun 05, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-511-ITAT-2019(Mum)-TP
  • Tax Payer : Lionbridge Techologies Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds TP-adjustment deletion as overall profit attribution between HO-PE accepted; Follows Morgan-Stanley

Jun 04, 2019
  • In Favour of Assessee
  • Citation Number : TS-510-ITAT-2019(Mum)-TP
  • Tax Payer : DNV GL SE-India Branch