Rulings ( 11966 results )

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Foreign Court

FC: EU Court annuls EC's decision; Upholds Netherlands' sweetheart tax deal for Starbucks

  • In Favour of Assessee
  • Citation Number : TS-1253-FC-2019(EUR)-TP
  • Tax Payer : Starbucks and Starbucks Manufacturing Emea
High Court

HC:AO’s Sec 148-objections overruling, mere communication, not an order; Dismisses assessee’s writ

  • In Favour of Revenue
  • Citation Number : TS-890-HC-2019(KAR)-TP
  • Tax Payer : Epson India Private Limited
Income tax Appellate Tribunal

ITAT: Accepts TNT India’s foreign-AE as tested party; Remits ALP-determination of management, administrative services

  • In Favour of Assessee
  • Citation Number : TS-889-ITAT-2019(Bang)-TP
  • Tax Payer : TNT India Pvt Ltd
High Court

HC: Upholds LIBOR+2% as AE-loan ALP; Admits Revenue’s appeal on corporate guarantee TP-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-888-HC-2019(BOM)-TP
  • Tax Payer : Manugraph India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remands TP-adjustment on management-fee to examine services-cum-benefits and pass speaking order

  • In Favour of Both, Partially
  • Citation Number : TS-887-ITAT-2019(PUN)-TP
  • Tax Payer : Burckhardt Compression India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 7 companies with fluctuating profits, brand value for low-risk software developer

  • In Favour of Assessee
  • Citation Number : TS-886-ITAT-2019(Bang)-TP
  • Tax Payer : NI Systems (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: OP/OC PLI concept relevant only for TP-analysis; Allows Sec. 10AA deduction rejecting sub-sec (9) invocation

  • In Favour of Assessee
  • Citation Number : TS-885-ITAT-2019(PUN)-TP
  • Tax Payer : Eaton Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on AE-receivables for debt-free assessee; Excludes investment management advisor company

  • In Favour of Assessee
  • Citation Number : TS-884-ITAT-2019(DEL)-TP
  • Tax Payer : Mckinsey Knowledge Centre India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Treats Ranbaxy’s foreign-AE as tested party; Rejects plea to constitute Special Bench

  • In Favour of Assessee
  • Citation Number : TS-883-ITAT-2019(Ahd)-TP
  • Tax Payer : RANBAXY LABORATORIES LTD
Income tax Appellate Tribunal

ITAT: Remits AMP-adjustment for operating margins verification; Deletes TP-adjustment AE-receivables noting ordinate delay

  • In Favour of Both, Partially
  • Citation Number : TS-882-ITAT-2019(DEL)-TP
  • Tax Payer : Beam Global Spirits & Wine [India] Pvt Ltd
Income tax Appellate Tribunal

ITAT:Quashes reassessment to make royalty TP-adjustment absent ‘reason to believe’ income escapement

  • In Favour of Assessee
  • Citation Number : TS-881-ITAT-2019(PUN)-TP
  • Tax Payer : Endress Hauser Flowtec (India) Private Limited
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar Bodhtree Consulting, FCS Software; Includes SIP Technologies for software developer

  • In Favour of Assessee
  • Citation Number : TS-880-ITAT-2019(PUN)-TP
  • Tax Payer : Renishaw Metrology Systems Ltd
Income tax Appellate Tribunal

ITAT:Hitachi Singapore’s LO constitutes PE in India; Directs profit-attribution under TNMM

  • In Favour of Revenue
  • Citation Number : TS-879-ITAT-2019(DEL)-TP
  • Tax Payer : Hitachi High Technologies Singapore Pte Ltd
Income tax Appellate Tribunal

ITAT: Applies MAP-agreed 17 markup for Denmark AE transactions to non-Denmark AE transactions

  • In Favour of Assessee
  • Citation Number : TS-878-ITAT-2019(Bang)-TP
  • Tax Payer : Novo Nordisk Service Centre (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes high-end KPOs for medical transcription service provider; Remits forex-fluctuation treatment issue

  • In Favour of Both, Partially
  • Citation Number : TS-877-ITAT-2019(Bang)-TP
  • Tax Payer : Acusis Software India Private Limited
High Court

HC: Upholds TP-adjustment deletion on corporate guarantee & share application money; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-876-HC-2019(BOM)-TP
  • Tax Payer : Concentrix Services (I) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-issues of royalty payments, ALP-differences in distribution/software development segments; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-875-ITAT-2019(Bang)-TP
  • Tax Payer : Wipro GE Healthcare Pvt Ltd
Foreign Court

FC: Australian Federal Court rejects restructuring of Glencore's agreement for copper-concentrate sale between AEs

  • In Favour of Assessee
  • Citation Number : TS-1252-FC-2019-TP
  • Tax Payer : Glencore Investment Pty Ltd
Income tax Appellate Tribunal

ITAT: Confirms TP-adjustment deletion for Bata India considering ALP within 5% tolerance range

  • In Favour of Assessee
  • Citation Number : TS-874-ITAT-2019(Kol)-TP
  • Tax Payer : Bata India Ltd
Income tax Appellate Tribunal

ITAT: Excludes 5 comparables for captive software developer citing functional dissimilarity, turnover filter failure

  • In Favour of Both, Partially
  • Citation Number : TS-872-ITAT-2019(Bang)-TP
  • Tax Payer : Novell Software Development India Pvt Ltd