Rulings ( 11533 results )
Income tax Appellate Tribunal
ITAT: Quashes AO’s draft assessment order accompanied by demand notice, as legal nullity
May 13, 2019
- In Favour of Assessee
- Citation Number : TS-399-ITAT-2019(Bang)-TP
- Tax Payer : Inatech India Pvt Ltd (Formerly known as Inatech Infosolutions Pvt. Ltd.,)
Income tax Appellate Tribunal
ITAT: Excludes 6 comparables applying Rs1-200cr turnover filter; Follows precedents
May 13, 2019
- In Favour of Assessee
- Citation Number : TS-398-ITAT-2019(Bang)-TP
- Tax Payer : Cenduit (India) Services Pvt Ltd
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustment on management & operational services payments, rejects application of benefit-test
May 13, 2019
- In Favour of Assessee
- Citation Number : TS-397-ITAT-2019(PUN)-TP
- Tax Payer : Sandvik Asia Pvt Ltd
Income tax Appellate Tribunal
ITAT:DRP-order passed u/s.144C(5) not an appealable order, dismisses assessee’s appeal
May 10, 2019
- In Favour of Revenue
- Citation Number : TS-396-ITAT-2019(CHNY)-TP
- Tax Payer : Gnutti Carlo India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Holds corporate guarantee, an ‘international transaction’ pre-2012 amendment; Fixes 0.5% as ALP
May 10, 2019
- In Favour of Assessee
- Citation Number : TS-395-ITAT-2019(Mum)-TP
- Tax Payer : Piramal Healthcare Limited (Now known as Piramal Enterprises Ltd.)
Income tax Appellate Tribunal
ITAT: Rules on comparables selection; Working capital adjustment factors impact of outstanding AE-receivables
May 10, 2019
- In Favour of Assessee
- Citation Number : TS-393-ITAT-2019(DEL)-TP
- Tax Payer : Agilent Technologies (International) Pvt Ltd
Income tax Appellate Tribunal
ITAT: Directs aggregated benchmarking for spares, CBU-import with manufacturing under TNMM; Follows earlier-order
May 10, 2019
- In Favour of Assessee
- Citation Number : TS-392-ITAT-2019(PUN)-TP
- Tax Payer : Mercedes-Benz India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Final assessment order not “time-barred” absent statutory time limit for passing draft assessment-order
May 10, 2019
- In Favour of Both, Partially
- Citation Number : TS-391-ITAT-2019(Bang)-TP
- Tax Payer : Volvo India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Accepts segmental-reporting submitted during assessment though absent in TP-study; Approves commission-ALP 6
May 10, 2019
- In Favour of Assessee
- Citation Number : TS-390-ITAT-2019(PUN)-TP
- Tax Payer : Tata Technologies Limited
Income tax Appellate Tribunal
ITAT: Rejects aggregation of marketing-fee and sales transactions; Holds corporate-guarantee, AE-loans, as international transactions
May 10, 2019
- In Favour of Both, Partially
- Citation Number : TS-389-ITAT-2019(Mum)-TP
- Tax Payer : Gujarat Glass Ltd (Now known as Piramal Glass Ltd.)
Income tax Appellate Tribunal
ITAT:Remits ALP-determination for software developer, absent FAR analysis by assessee and TPO
May 09, 2019
- In Favour of Revenue
- Citation Number : TS-388-ITAT-2019(DEL)-TP
- Tax Payer : Contata Solutions Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rejects TPO’s SBI-PLR for AE-loan ALP-determination; Corporate guarantee not international transaction pre-2012
May 09, 2019
- In Favour of Both, Partially
- Citation Number : TS-387-ITAT-2019(DEL)-TP
- Tax Payer : Jindal Steel & Power Ltd
Income tax Appellate Tribunal
ITAT: Rules on comparables selection; Excludes Infosys, Tata backed companies for IT/ITeS provider
May 09, 2019
- In Favour of Both, Partially
- Citation Number : TS-386-ITAT-2019(DEL)-TP
- Tax Payer : Morningstar India Pvt Ltd
Income tax Appellate Tribunal
ITAT:Corporate guarantee issuance, a 'shareholder activity' outside ‘international transaction’ ambit; Deletes TP-adjustment
May 09, 2019
- In Favour of Assessee
- Citation Number : TS-385-ITAT-2019(Kol)-TP
- Tax Payer : Britannia Industries Ltd
Income tax Appellate Tribunal
ITAT:Rejects Nil-ALP for management charges paid to parent-Co for services rendered by holding-Co
May 08, 2019
- In Favour of Assessee
- Citation Number : TS-384-ITAT-2019(PUN)-TP
- Tax Payer : Walter Tools India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Accepts SMSE-assessee’s AE/non-AE segmental reporting though not included in audited accounts
May 08, 2019
- In Favour of Assessee
- Citation Number : TS-383-ITAT-2019(Kol)-TP
- Tax Payer : Netguru Ltd
Income tax Appellate Tribunal
ITAT:Remits MAM-selection for purchase transaction; Directs DRP to pass reasoned/ speaking order
May 08, 2019
- In Favour of Both, Partially
- Citation Number : TS-382-ITAT-2019(Bang)-TP
- Tax Payer : Geodesic Yongnam Structurals Pvt Ltd
Income tax Appellate Tribunal
ITAT:Rejects Dynalog and Bose Corporation as comparables for trader of industrial products
May 08, 2019
- In Favour of Assessee
- Citation Number : TS-381-ITAT-2019(DEL)-TP
- Tax Payer : Mitutoyo South Asia P Ltd
Income tax Appellate Tribunal
ITAT: Holds interest on outstanding receivables, an international transaction; Follows McKinsey HC ruling
May 08, 2019
- In Favour of Both, Partially
- Citation Number : TS-380-ITAT-2019(HYD)-TP
- Tax Payer : Open Text Technologies India Private Limited
Income tax Appellate Tribunal
ITAT: Rejects TPO’s CUP, upholds TNMM for benchmarking export-transactions; Follows earlier-years HC ruling
May 08, 2019
- In Favour of Assessee
- Citation Number : TS-379-ITAT-2019(PUN)-TP
- Tax Payer : Amphenol Interconnect India Pvt Ltd