Rulings ( 11530 results )
Income tax Appellate Tribunal
ITAT: Rejects aggregation absent ‘inextricable connection’ between student recruitment & testing segments; Remits issue
Jun 04, 2019
- In Favour of Assessee
- Citation Number : TS-508-ITAT-2019(DEL)-TP
- Tax Payer : IDP Education India Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Directs AO/TPO to grant working capital adjustment; Relies on Dong Fang Electric ruling
Jun 04, 2019
- In Favour of Assessee
- Citation Number : TS-507-ITAT-2019(Mum)-TP
- Tax Payer : Exedy India Ltd. (Formerly known as CEEKAY Daikin Ltd.)
Income tax Appellate Tribunal
ITAT: Remits ALP-determination of management group cost and outstanding AE-receivables; Follows earlier orders
Jun 04, 2019
- In Favour of Both, Partially
- Citation Number : TS-506-ITAT-2019(DEL)-TP
- Tax Payer : Atotech India Pvt.Ltd
Income tax Appellate Tribunal
ITAT: Rules on comparables; Declines to entertain TP-adjustment not arising from final assessment order
Jun 03, 2019
- In Favour of Both, Partially
- Citation Number : TS-1494-ITAT-2018(DEL)-TP
- Tax Payer : American Express (India) Private Limited
Income tax Appellate Tribunal
ITAT: Rejects profit attribution to Mauritian company as Indian-subsidiary remunerated at ALP; Follows precedents
Jun 03, 2019
- In Favour of Assessee
- Citation Number : TS-505-ITAT-2019(Mum)-TP
- Tax Payer : Taj TV Ltd
Income tax Appellate Tribunal
ITAT: Excludes 3 comparables in ITeS-segment; Remits ALP-determination of fixed asset purchase
Jun 03, 2019
- In Favour of Both, Partially
- Citation Number : TS-504-ITAT-2019(DEL)-TP
- Tax Payer : Cadence Design Systems (India) Pvt Ltd
Income tax Appellate Tribunal
ITAT: UK-MAP parameters not applicable to non-UK AE-transactions, sets aside ALP-determination to TPO
Jun 03, 2019
- In Favour of Assessee
- Citation Number : TS-503-ITAT-2019(DEL)-TP
- Tax Payer : JCB India Ltd
Income tax Appellate Tribunal
ITAT: Holds support service payments not devised to deflate revenues as assessee, AE profit making
Jun 03, 2019
- In Favour of Both, Partially
- Citation Number : TS-502-ITAT-2019(DEL)-TP
- Tax Payer : AT &T Global Network Services [India] Pvt Ltd
Income tax Appellate Tribunal
ITAT: Upholds exclusion of 2 comparables citing functional-dissimilarity, amalgamation etc for ITes-provider
Jun 03, 2019
- In Favour of Assessee
- Citation Number : TS-1493-ITAT-2018(DEL)-TP
- Tax Payer : Exchanging Technology Services India Ltd
Income tax Appellate Tribunal
ITAT: Rules on comparables, working-capital and risk adjustments for software-developer in entertainment industry
May 31, 2019
- In Favour of Both, Partially
- Citation Number : TS-500-ITAT-2019(PUN)-TP
- Tax Payer : Ubisoft Entertainment India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Approves TNMM over TPO’ CUP for benchmarking intra-group services; Follows earlier orders
May 31, 2019
- In Favour of Assessee
- Citation Number : TS-499-ITAT-2019(DEL)-TP
- Tax Payer : AT & T Global Network Services (India) Pvt Ltd
Income tax Appellate Tribunal
ITAT: Excludes Universal Print Systems for ITES-provider citing functional dissimilarity; Follows XL Health ruling
May 31, 2019
- In Favour of Both, Partially
- Citation Number : TS-498-ITAT-2019(PUN)-TP
- Tax Payer : Credit Pointe Services Pvt Ltd
Income tax Appellate Tribunal
ITAT: Warehousing, marketing, quality-control, inventory & credit risks part of distributor’s functions; Upholds RPM
May 31, 2019
- In Favour of Assessee
- Citation Number : TS-497-ITAT-2019(Mum)-TP
- Tax Payer : Videojet Technologies (I) Pvt Limited
Income tax Appellate Tribunal
ITAT: Incorrect margin-computation, mistake apparent from record; Directs TPO to dispose rectification application
May 31, 2019
- In Favour of Both, Partially
- Citation Number : TS-496-ITAT-2019(Mum)-TP
- Tax Payer : Smith & Nephew Healthcare Pvt Ltd
Income tax Appellate Tribunal
ITAT: Fixes LIBOR+300bps as interest benchmark for AE-loan; Follows earlier order
May 31, 2019
- In Favour of Both, Partially
- Citation Number : TS-495-ITAT-2019(DEL)-TP
- Tax Payer : Fresenius Kabi Oncology Ltd
Income tax Appellate Tribunal
ITAT:Rejects BLT based AMP-adjustment; Discards TPO’s shell company stance, BEPS Actions 8-10 reliance
May 30, 2019
- In Favour of Assessee
- Citation Number : TS-485-ITAT-2019(DEL)-TP
- Tax Payer : Adidas India Marketing Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rules on comparables selection; Approves cash-PLI if assessee establishes depreciation variance
May 29, 2019
- In Favour of Both, Partially
- Citation Number : TS-484-ITAT-2019(Bang)-TP
- Tax Payer : Rittal India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustment on delayed AE-receivables; Follows earlier-order
May 29, 2019
- In Favour of Assessee
- Citation Number : TS-483-ITAT-2019(DEL)-TP
- Tax Payer : Kadimi Tool Manufacturing Co Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rejects sales, expenditure aggregation for RPT computation, adopts RPT-sales to total sales formula
May 29, 2019
- In Favour of Assessee
- Citation Number : TS-482-ITAT-2019(DEL)-TP
- Tax Payer : ChrysCapital Investment Advisors ( India) Pvt.Ltd.)
Income tax Appellate Tribunal
ITAT: Upholds exclusion of Infosys Technologies for software developer; Follows Agnity HC ruling
May 29, 2019
- In Favour of Assessee
- Citation Number : TS-481-ITAT-2019(DEL)-TP
- Tax Payer : CITI FINANCIAL CONSUMER FINANCE INDIA LTD