Rulings ( 11966 results )

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Income tax Appellate Tribunal

ITAT: TPO’s ALP-acceptance not conclusive of business-setup; Technical services income, not business income

  • In Favour of Revenue
  • Citation Number : TS-910-ITAT-2019(PUN)-TP
  • Tax Payer : Volkswagen India Private Limited.
Income tax Appellate Tribunal

ITAT: Deletes Sec 271G-penalty absent AO pointing out specific defect in assessee’s document submission

  • In Favour of Assessee
  • Citation Number : TS-908-ITAT-2019(Mum)-TP
  • Tax Payer : Procter & Gamble Home Products Private Limited
Income tax Appellate Tribunal

ITAT: Allows working capital adjustment for manufacturer-assessee; Restricts TP-adjustment to international transactions

  • In Favour of Assessee
  • Citation Number : TS-907-ITAT-2019(PUN)-TP
  • Tax Payer : Ognibene India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s appeal; Remits TP-adjustments in respect of SDT and corporate-guarantee

  • In Favour of Assessee
  • Citation Number : TS-906-ITAT-2019(Bang)-TP
  • Tax Payer : Suprajit Engineering Ltd
Income tax Appellate Tribunal

ITAT: Excludes Excel Infoways as comparable for routine ITes-provider citing functional dissimilarity; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-905-ITAT-2019(Mum)-TP
  • Tax Payer : Zenta Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on notional-interest, higher AE-sale price justifies extended credit period

  • In Favour of Assessee
  • Citation Number : TS-904-ITAT-2019(Ahd)-TP
  • Tax Payer : Symphony Ltd.
Income tax Appellate Tribunal

ITAT: Recalls ITAT-order absent adjudication on additional ground against TP-adjustment on interest on AE-receivables

  • In Favour of Assessee
  • Citation Number : TS-903-ITAT-2019(HYD)-TP
  • Tax Payer : Value Labs Technologies
Foreign Court

FC: Copy of EU Court rulings in Starbucks & Fiat now available

  • In Favour of Revenue
  • Citation Number : TS-1255-FC-2019(EUR)-TP
  • Tax Payer : Fiat Chrysler Finance Europe
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on Star-India’s management service, brand license payments; Dismisses base-erosion allegation

  • In Favour of Assessee
  • Citation Number : TS-902-ITAT-2019(Mum)-TP
  • Tax Payer : Star India Private Limited
Income tax Appellate Tribunal

ITAT: Remits companies not included in TP-study; No estoppel in law against comparability challenge

  • In Favour of Both, Partially
  • Citation Number : TS-901-ITAT-2019(Bang)-TP
  • Tax Payer : KBACE Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A) decision rejecting adjustment when mirror transaction held to be at ALP

  • In Favour of Assessee
  • Citation Number : TS-900-ITAT-2019(Bang)-TP
  • Tax Payer : UE Development India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Dismisses Revenue’s appeal on TP-issues citing CBDT’s Circular enhancing appeal filing monetary limits

  • In Favour of Assessee
  • Citation Number : TS-899-ITAT-2019(Ahd)-TP
  • Tax Payer : Talent Anywhere Services Pvt Ltd (Formerly known as Quickstart Resources Management India)
Income tax Appellate Tribunal

ITAT: Rejects treatment of convention expenses as incurred towards brand-building, Deletes alternative AMP-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-898-ITAT-2019(Mum)-TP
  • Tax Payer : India Medtronics Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits intra-group services ALP-determination citing generic evidence failing to establish arm’s length requirements

  • In Favour of Assessee
  • Citation Number : TS-897-ITAT-2019(Bang)-TP
  • Tax Payer : 3M India Limited
High Court

HC:Confirms TP-adjustment deletion on buying services for Li & Fung; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-896-HC-2019(DEL)-TP
  • Tax Payer : LI & FUNG ( INDIA ) PVT LTD
High Court

HC: Confirms deletion of AMP-adjustment made applying BLT, follows Sony HC ruling

  • In Favour of Assessee
  • Citation Number : TS-895-HC-2019(DEL)-TP
  • Tax Payer : Casio India Company
High Court

HC: Dismisses Revenue’s appeal; Confirms deletion of AMP-adjustment and intra-group service TP-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-894-HC-2019(DEL)-TP
  • Tax Payer : Bausch & Lomb India Pvt Ltd
High Court

HC:Dismisses Revenue’s appeal; Confirms invalidity of assessment order passed on non-existent amalgamated company

  • In Favour of Assessee
  • Citation Number : TS-893-HC-2019(DEL)-TP
  • Tax Payer : Genpact India (Previously Known As Genpact Infrastructure (Kolkata) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Treats subvention amount from parent-co as capital receipt but ‘operating’ item for PLI-computation

  • In Favour of Assessee
  • Citation Number : TS-892-ITAT-2019(PUN)-TP
  • Tax Payer : Nalco Water India Limited
Foreign Court

FC: EU Court confirms EC's decision striking down Luxembourg's aid measure for Fiat

  • In Favour of Revenue
  • Citation Number : TS-1254-FC-2019(EUR)-TP
  • Tax Payer : Fiat Chrysler Finance Europe