Rulings ( 11533 results )
Income tax Appellate Tribunal
ITAT:Upholds TPO’s entity level comparison under TNMM for SDT of inter-unit transfers
May 27, 2019
- In Favour of Both, Partially
- Citation Number : TS-463-ITAT-2019(DEL)-TP
- Tax Payer : Sheela Foams Ltd
Income tax Appellate Tribunal
ITAT:Allows assessee's appeal; Directs CIT(A) to hear assessee afresh on TP-adjustment issue
May 27, 2019
- In Favour of Assessee
- Citation Number : TS-462-ITAT-2019(CHNY)-TP
- Tax Payer : Globus Medical India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Upholds assessee’s CUP for royalty payment; Excludes foreign exchange gain in PLI-computation
May 27, 2019
- In Favour of Both, Partially
- Citation Number : TS-461-ITAT-2019(Kol)-TP
- Tax Payer : DIC India Ltd
Income tax Appellate Tribunal
ITAT: Adopts TNMM over CUP for indenting transactions, cites differences in geographies, volume, market
May 27, 2019
- In Favour of Both, Partially
- Citation Number : TS-460-ITAT-2019(DEL)-TP
- Tax Payer : Sumitomo Corporation India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Deletes TP-addition , accepts internal-CUP for benchmarking raw-material purchase for drug-intermediate manufacturer
May 24, 2019
- In Favour of Assessee
- Citation Number : TS-459-ITAT-2019(DEL)-TP
- Tax Payer : Otsuka Chemical (India) Pvt Ltd
Income tax Appellate Tribunal
ITAT: Excludes 4 comparables for software developer; Follows PubMatic India ruling
May 24, 2019
- In Favour of Assessee
- Citation Number : TS-458-ITAT-2019(PUN)-TP
- Tax Payer : Synerzip Softech India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rules on comparables-selection; Grants risk, working capital adjustments to IT/ITeS provider
May 24, 2019
- In Favour of Both, Partially
- Citation Number : TS-457-ITAT-2019(PUN)-TP
- Tax Payer : BMC Software India Private Limited
Income tax Appellate Tribunal
ITAT: Approves cash-PLI, directs assessee to establish depreciation variance; Rejects capacity-adjustment plea
May 24, 2019
- In Favour of Both, Partially
- Citation Number : TS-456-ITAT-2019(Bang)-TP
- Tax Payer : Snecma HAL Aerospace Pvt Ltd
Income tax Appellate Tribunal
ITAT: Includes Cyber Media Research as comparable for investment advisor; Follows precedents
May 24, 2019
- In Favour of Assessee
- Citation Number : TS-455-ITAT-2019(Mum)-TP
- Tax Payer : Standard Chartered Private Equity Advisory India Private Limited
Income tax Appellate Tribunal
ITAT:Admits additional evidence & remits royalty TP-adjustment; Follows earlier order
May 23, 2019
- In Favour of Assessee
- Citation Number : TS-1483-ITAT-2018(DEL)-TP
- Tax Payer : CRM Services India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Deletes Sec 271(1)(c) penalty as TP-adjustment on sale transaction deleted in quantum appeal
May 23, 2019
- In Favour of Assessee
- Citation Number : TS-454-ITAT-2019(Ahd)-TP
- Tax Payer : Gulbrandsen Chemicals Pvt Ltd
High Court
HC: Dismisses Revenue’s appeal; Upholds exclusion of 10 comparables for ITeS provider
May 23, 2019
- In Favour of Assessee
- Citation Number : TS-453-HC-2019(DEL)-TP
- Tax Payer : Evalueserve.com Pvt Ltd
High Court
HC: Dismisses Revenue’s appeal; Upholds exclusion of CAT Technologies citing functional dissimilarity
May 23, 2019
- In Favour of Assessee
- Citation Number : TS-452-HC-2019(DEL)-TP
- Tax Payer : Opera Solutions Management Consulting Services Pvt Ltd
High Court
HC: Finds no substantial question of law in Revenue’s appeal against ITAT’s comparables-selection
May 23, 2019
- In Favour of Assessee
- Citation Number : TS-451-HC-2019(DEL)-TP
- Tax Payer : FIELDCORE SERVICES SOLUTION INTERNATIONAL INDIA PVT LTD
High Court
HC: Dismisses Revenue’s appeal challenging ITAT’s comparables-selection citing no substantial question of law
May 23, 2019
- In Favour of Both, Partially
- Citation Number : TS-450-HC-2019(DEL)-TP
- Tax Payer : GRANITE SERVICES INTERNATIONAL INDIA PVT LTD
Income tax Appellate Tribunal
ITAT: Upholds TP-adjustment for entity availing Sec.10B tax-holiday; Treats FBT as operating item
May 23, 2019
- In Favour of Both, Partially
- Citation Number : TS-449-ITAT-2019(HYD)-TP
- Tax Payer : Wissen Infotech Pvt Ltd
Income tax Appellate Tribunal
ITAT: Excludes government company as comparable for channel distributor; Follows precedents
May 23, 2019
- In Favour of Assessee
- Citation Number : TS-448-ITAT-2019(Mum)-TP
- Tax Payer : NGC Network (India) Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rules on comparables; Sets aside CIT(A)’s suo-motu direction to apply export-earnings filter
May 22, 2019
- In Favour of Both, Partially
- Citation Number : TS-447-ITAT-2019(Bang)-TP
- Tax Payer : Informatica Business Pvt Ltd
Income tax Appellate Tribunal
ITAT: Excludes 5 comparables for software development service provider; Follows precedents
May 22, 2019
- In Favour of Assessee
- Citation Number : TS-446-ITAT-2019(PUN)-TP
- Tax Payer : FIS Solutions (India) Pvt Ltd (formerly known as SunGard Solutions (India) Pvt. Ltd.)
Income tax Appellate Tribunal
ITAT: Restores issue of royalty payment and TP-adjustment to margins of DTA unit
May 22, 2019
- In Favour of Both, Partially
- Citation Number : TS-445-ITAT-2019(Ahd)-TP
- Tax Payer : FAG Bearing India Ltd