Rulings ( 11966 results )

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Income tax Appellate Tribunal

ITAT: Excludes 4 comparables for consultancy service provider; Stresses on comparability of business activities

  • In Favour of Assessee
  • Citation Number : TS-981-ITAT-2019(DEL)-TP
  • Tax Payer : Veolia India Pvt Ltd [Earlier known as Veolia Water [I] Pvt Ltd
Income tax Appellate Tribunal

ITAT:Excludes Thirdware Solutions for software developer; Deletes TP-adjustment on expenditure reimbursement

  • In Favour of Assessee
  • Citation Number : TS-980-ITAT-2019(Mum)-TP
  • Tax Payer : Ness Technologies (India) Private Limited
Income tax Appellate Tribunal

ITAT: Directs CIT(A) to relook at functionality test and adjudicate afresh on comparables

  • In Favour of Both, Partially
  • Citation Number : TS-979-ITAT-2019(Bang)-TP
  • Tax Payer : Ariba Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits TP-adjustment on engineering services characterized as ITES by TPO; Follows earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-978-ITAT-2019(Bang)-TP
  • Tax Payer : Continental Automotive Components India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on forex fluctuation on subsidiary-deposits, interest on AE-loans; Follows earlier orders

  • In Favour of Both, Partially
  • Citation Number : TS-977-ITAT-2019(Mum)-TP
  • Tax Payer : The Indian Hotels Company Ltd
Income tax Appellate Tribunal

ITAT: Prefers Internal-CUP over external-CUP for benchmarking SDT of interest payment; Deletes TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-976-ITAT-2019(JPR)-TP
  • Tax Payer : Uttam Bharat Electricals Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on ‘prescribed authority’ for passing TP-order; Rejects plea that Addl.CIT not TPO

  • In Favour of Assessee
  • Citation Number : TS-975-ITAT-2019(DEL)-TP
  • Tax Payer : BBC Worldwide (India) Pvt. Ltd
High Court

HC: Confirms ITAT-order allowing quality adjustment while benchmarking imports, deleting TP-adjustment on technical-fees

  • In Favour of Assessee
  • Citation Number : TS-974-HC-2019(BOM)-TP
  • Tax Payer : Merck Ltd
High Court

HC: Upholds quality adjustment under CUP-method while benchmarking imports; Deletes TP-adjustment on technical fees

  • In Favour of Assessee
  • Citation Number : TS-973-HC-2019(BOM)-TP
  • Tax Payer : Merck Ltd
Income tax Appellate Tribunal

ITAT: Excludes E-clerx, Infosys BPO, having high turnover, for back-office support provider; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-972-ITAT-2019(Bang)-TP
  • Tax Payer : Fulcrum Fund Services (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes Kals Information Systems, L&T Infotech and Bodhtree Consulting for software-developer

  • In Favour of Assessee
  • Citation Number : TS-971-ITAT-2019(Bang)-TP
  • Tax Payer : Inteva Products India Automotive Private Limited (formerly Meritor LVS India Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Upholds exclusion of software giant, Infosys Technologies; Follows Agnity-HC ruling

  • In Favour of Assessee
  • Citation Number : TS-970-ITAT-2019(DEL)-TP
  • Tax Payer : Synopsys [India] Pvt Ltd [Since Virage Logic International India Branch Office]
Income tax Appellate Tribunal

ITAT: Excludes Infosys BPO, BNR Udyog, TCS E Service for ITes-provider; Follows Zyme Solutions ruling

  • In Favour of Assessee
  • Citation Number : TS-969-ITAT-2019(Bang)-TP
  • Tax Payer : Indeca Sporting Goods Pvt Ltd
Income tax Appellate Tribunal

ITAT:Admits additional ground relating to calculation errors in comparables margin computation; Remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-968-ITAT-2019(DEL)-TP
  • Tax Payer : Hitachi High-Technologies (Singapore) P Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustments on Royalty following earlier orders; Remits intra-group services issue

  • In Favour of Assessee
  • Citation Number : TS-967-ITAT-2019(Mum)-TP
  • Tax Payer : Mondelez India Foods Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 9 companies for software developer; Treats forex gain/loss as non-operating item

  • In Favour of Both, Partially
  • Citation Number : TS-966-ITAT-2019(DEL)-TP
  • Tax Payer : Avaya India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adopts LIBOR-based ALP for benchmarking AE-loan interest; Deletes TP-adjustment following earlier order

  • In Favour of Assessee
  • Citation Number : TS-965-ITAT-2019(Mum)-TP
  • Tax Payer : Firstsource Solutions Limited
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on SDT; Accepts interest payment linked to lender-AE’s borrowing rate

  • In Favour of Assessee
  • Citation Number : TS-964-ITAT-2019(Kol)-TP
  • Tax Payer : A A Infraproperties Pvt Ltd
Income tax Appellate Tribunal

ITAT:Turnover cannot be sole criteria for comparable exclusion if other filters satisfied

  • In Favour of Both, Partially
  • Citation Number : TS-962-ITAT-2019(COCH)-TP
  • Tax Payer : Speridian Technologies Private Limited
Income tax Appellate Tribunal

ITAT: Excludes Motilal Oswal & Aditya Birla Capital Advisors, remits comparability of Ajcon Global for non-binding investment advisor

  • In Favour of Both, Partially
  • Citation Number : TS-961-ITAT-2019(Mum)-TP
  • Tax Payer : Kotak Mahindra Asset Management Company Ltd