Rulings ( 11533 results )
Income tax Appellate Tribunal
ITAT: Rejects re-characterization of preference shares investment as loan; Deletes notional interest adjustment
May 08, 2019
- In Favour of Assessee
- Citation Number : TS-378-ITAT-2019(Mum)-TP
- Tax Payer : Aegis Limited
Income tax Appellate Tribunal
ITAT: Dismisses Revenue’s plea to exclude 3 comparables on which finding rendered by Tribunal
May 07, 2019
- In Favour of Both, Partially
- Citation Number : TS-1482-ITAT-2018(Bang)-TP
- Tax Payer : Electronics for Imaging India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Remits directors’ remuneration expenditure issue falling under erstwhile SDT-provisions; Follows Texport Overseas
May 07, 2019
- In Favour of Assessee
- Citation Number : TS-377-ITAT-2019(Kol)-TP
- Tax Payer : DVC Emta Coal Mines Ltd
Income tax Appellate Tribunal
ITAT: Dismisses appeal considering corporate guarantee commission fixed 0.73% under APA
May 07, 2019
- In Favour of Both, Partially
- Citation Number : TS-376-ITAT-2019(Mum)-TP
- Tax Payer : Firstsource Solutions Limited
Income tax Appellate Tribunal
ITAT: Accepts TNMM over CUP for export transactions; Follows HC ruling for earlier-years
May 07, 2019
- In Favour of Assessee
- Citation Number : TS-375-ITAT-2019(PUN)-TP
- Tax Payer : Amphenol Interconnect India Pvt Ltd
Income tax Appellate Tribunal
ITAT:Excludes 2 comparables citing functional dissimilarity, failing revenue filter; Follows precedents
May 07, 2019
- In Favour of Both, Partially
- Citation Number : TS-374-ITAT-2019(DEL)-TP
- Tax Payer : STEAG Energy Services (I) Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rules on comparables selection; Restores treatment of bad-debts, ESOP in margin computation
May 06, 2019
- In Favour of Both, Partially
- Citation Number : TS-373-ITAT-2019(Bang)-TP
- Tax Payer : ISG Novasoft Technologies Ltd
Income tax Appellate Tribunal
ITAT: Dismisses assessee’s appeal; TP-adjustment reduced to Nil after giving effect to CIT(A)-order
May 06, 2019
- In Favour of Revenue
- Citation Number : TS-372-ITAT-2019(DEL)-TP
- Tax Payer : UTStarcom India Telecom Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rules on comparables selection for software-developer; Excludes Acropetal citing bad-debts impacting profitability
May 06, 2019
- In Favour of Both, Partially
- Citation Number : TS-371-ITAT-2019(DEL)-TP
- Tax Payer : NXP India Private Limited (Formerly known as Freescale Semiconductor India Private Limited)
Income tax Appellate Tribunal
ITAT: Excludes onsite services provider for in-house software developer; Rejects uniform-key for expenses apportionment
May 06, 2019
- In Favour of Both, Partially
- Citation Number : TS-370-ITAT-2019(PUN)-TP
- Tax Payer : John Deere India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Excludes 3 software product companies for software developer citing absence of segment details
May 06, 2019
- In Favour of Both, Partially
- Citation Number : TS-369-ITAT-2019(Bang)-TP
- Tax Payer : Sling Media Pvt Ltd
Income tax Appellate Tribunal
ITAT:Allows assessee’s MP; Holds Honda-Japan not AE of Hero Moto Corp
May 06, 2019
- In Favour of Assessee
- Citation Number : TS-368-ITAT-2019(DEL)-TP
- Tax Payer : Hero Mota Corp Ltd
Income tax Appellate Tribunal
ITAT: Excludes merchant banking company as comparable for non-binding investment advisory service provider
May 06, 2019
- In Favour of Assessee
- Citation Number : TS-367-ITAT-2019(Mum)-TP
- Tax Payer : General Atlantic Private Ltd
Income tax Appellate Tribunal
ITAT: Provision of corporate-guarantee benefits AE; Restricts ALP at 0.5% following Everest Kento ruling
May 06, 2019
- In Favour of Assessee
- Citation Number : TS-366-ITAT-2019(Bang)-TP
- Tax Payer : Manipal Global Education Services Pvt Ltd
Income tax Appellate Tribunal
ITAT: Deletes Sec271G-penalty for diamond merchant, considers no TP-adjustment and industry specific difficulties
May 06, 2019
- In Favour of Assessee
- Citation Number : TS-365-ITAT-2019(Mum)-TP
- Tax Payer : Asian Star Company Ltd
Income tax Appellate Tribunal
ITAT: Deletes Sec-271G penalty, cites difficulties in maintenance of documents in diamond-trade industry
May 06, 2019
- In Favour of Assessee
- Citation Number : TS-364-ITAT-2019(Mum)-TP
- Tax Payer : Amore Jewels P Ltd
Income tax Appellate Tribunal
ITAT: Confirms deletion of royalty-adjustment; Accepts RBI/SIA approval rates for benchmarking following precedents
May 03, 2019
- In Favour of Assessee
- Citation Number : TS-362-ITAT-2019(Mum)-TP
- Tax Payer : Netafim Irrigation India Pvt Ltd
Income tax Appellate Tribunal
ITAT:Remits characterization of assessee’s engineering design services; Follows Flowserve India ruling
May 03, 2019
- In Favour of Assessee
- Citation Number : TS-361-ITAT-2019(Bang)-TP
- Tax Payer : Goodrich Aerospace Services Pvt Ltd
High Court
HC: Upholds Sec 271(1)(c)-penalty deletion; AO’s ‘hindsight’ approach in taxing un+rec-eived amounts ‘debatable’ issue
May 03, 2019
- In Favour of Assessee
- Citation Number : TS-360-HC-2019(DEL)-TP
- Tax Payer : ROYAL AND SUN ALLIANCES IT SOLUTIONS (INDIA) PVT LTD
Income tax Appellate Tribunal
ITAT: Allows capacity-utilisation in 2nd operational year; Restricts TP-adjustment on purchases to raw-materials consumed
May 03, 2019
- In Favour of Assessee
- Citation Number : TS-359-ITAT-2019(DEL)-TP
- Tax Payer : Terex India Pvt Ltd