Rulings ( 11533 results )
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
Income tax Appellate Tribunal
ITAT: Rules on corporate guarantee, AE-loan & investment in subsidiary TP-adjustments; Follows precedents
May 29, 2019
- In Favour of Both, Partially
- Citation Number : TS-480-ITAT-2019(Mum)-TP
- Tax Payer : PMP Auto Components Pvt
Income tax Appellate Tribunal
ITAT: Cannot exclude otherwise valid comparables merely for different FY
May 29, 2019
- In Favour of Both, Partially
- Citation Number : TS-475-ITAT-2019(Bang)-TP
- Tax Payer : EMC Software and Services (India) P Ltd (Formerly known as EMC Data Storage Systems India P. Ltd)
Income tax Appellate Tribunal
ITAT:Rules on comparables-selection, risk adjustment; Remits ALP-determination for management service
May 29, 2019
- In Favour of Both, Partially
- Citation Number : TS-1487-ITAT-2018(PUN)-TP
- Tax Payer : Haworth (India) Pvt Ltd
Income tax Appellate Tribunal
ITAT: Excludes functionally dissimilar Persistent Systems; Follows Electronic Arts ruling
May 29, 2019
- In Favour of Assessee
- Citation Number : TS-474-ITAT-2019(Bang)-TP
- Tax Payer : Citrix R & D India Pvt Ltd
High Court
HC: Affirms fresh comparable search for low-risk procurement support provider; Follows earlier-orders
May 28, 2019
- In Favour of Both, Partially
- Citation Number : TS-473-HC-2019(DEL)-TP
- Tax Payer : GAP International Sourcing (India) Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Excludes 4 comparables for software developer; Follows CGI Information ruling
May 28, 2019
- In Favour of Assessee
- Citation Number : TS-472-ITAT-2019(Bang)-TP
- Tax Payer : Sandvine Technologies (India) Pvt Ltd
Income tax Appellate Tribunal
ITAT:AMP-spend, an international transaction; Confirms ALP-determination though reimbursed amount offered to tax
May 28, 2019
- In Favour of Both, Partially
- Citation Number : TS-471-ITAT-2019(DEL)-TP
- Tax Payer : Michelin India Tyre Pvt Ltd
Income tax Appellate Tribunal
ITAT: Deletes AMP adjustment absent expense sharing condition in AE-agreement; Follows earlier order
May 28, 2019
- In Favour of Assessee
- Citation Number : TS-470-ITAT-2019(Mum)-TP
- Tax Payer : India Meditronic Pvt Ltd
Income tax Appellate Tribunal
ITAT: Deletes Sec 271(1)(c)-penalty on AMP-adjustment accepted in quantum appeal; Applies subsequent year HC-ruling ratio
May 28, 2019
- In Favour of Assessee
- Citation Number : TS-469-ITAT-2019(DEL)-TP
- Tax Payer : Mary Kay Cosmetics Pvt Ltd
Income tax Appellate Tribunal
ITAT: Excludes core-component manufacturers for horns manufacturer; Cites Safe-Harbour Rules on FAR importance
May 27, 2019
- In Favour of Both, Partially
- Citation Number : TS-468-ITAT-2019(DEL)-TP
- Tax Payer : Minda Acoustic Ltd. (Now Minda Industries Ltd.)
Income tax Appellate Tribunal
ITAT:Upholds CIT(A)’s MAM selection -RPM for trading and TNMM for manufacturing
May 27, 2019
- In Favour of Assessee
- Citation Number : TS-1485-ITAT-2018(Kol)-TP
- Tax Payer : Ceratizit India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Quashes Assessment as time-barred; Final order passed beyond one month of DRP-orders
May 27, 2019
- In Favour of Assessee
- Citation Number : TS-467-ITAT-2019(DEL)-TP
- Tax Payer : Dentsply India (P) Ltd
Income tax Appellate Tribunal
ITAT:Non-issuance of draft order, curable defect; Remits matter to follow Sec 144C mandate
May 27, 2019
- In Favour of Assessee
- Citation Number : TS-1132-ITAT-2017(DEL)-TP
- Tax Payer : Globerian India Pvt Ltd
Income tax Appellate Tribunal
ITAT:Rejects Nil ALP determination for mangement fees considering service rendition/receipt undisputed
May 27, 2019
- In Favour of Assessee
- Citation Number : TS-466-ITAT-2019(DEL)-TP
- Tax Payer : CEVA Freight India Pvt Ltd (Now merged with CEVA Logistics India Private Limited w.e.f. April, 1, 2016 vide order dated Novemb
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustment on technical know-how capitalized in books; Rejects ALP-determination on ‘gross-receipts’
May 27, 2019
- In Favour of Both, Partially
- Citation Number : TS-1484-ITAT-2018(PUN)-TP
- Tax Payer : Chemetall Rai India Limited
Income tax Appellate Tribunal
ITAT: Upholds TNMM over CUP for exports absent justification for rejecting consistently applied method
May 27, 2019
- In Favour of Assessee
- Citation Number : TS-465-ITAT-2019(Mum)-TP
- Tax Payer : Glenmark Pharmaceuticals Ltd
Income tax Appellate Tribunal
ITAT: Remits AMP-adjustment; Directs DRP to pass speaking order on marketing support TP-adjustment
May 27, 2019
- In Favour of Both, Partially
- Citation Number : TS-464-ITAT-2019(DEL)-TP
- Tax Payer : Yum Restaurant India Pvt Ltd