Rulings ( 11966 results )

Filters
Income tax Appellate Tribunal

ITAT:Assessment order issued with penalty notice, but without demand-notice, ‘valid’; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-848-ITAT-2019(PUN)-TP
  • Tax Payer : Atlas Copco (India) Limited
Foreign Court

FC: Swedish Court rules on adoption of full-range, multiple year data for comparability analysis

  • In Favour of Assessee
  • Citation Number : TS-1251-FC-2019-TP
  • Tax Payer : The Absolut Company Limited Company
Income tax Appellate Tribunal

ITAT:Rules on comparables in ITeS & Business support services segments; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-846-ITAT-2019(Mum)-TP
  • Tax Payer : Reliance Corporate IT Park
High Court

HC:Admits Revenue's appeal on TP-provisions applicability to commission free corporate guarantee

  • In Favour of Both, Partially
  • Citation Number : TS-845-HC-2019(DEL)-TP
  • Tax Payer : CLC INDUSTRIES LTD (FORMERLY KNOWN AS M/S. SPENTEX INDUSTRIES LTD.)
Income tax Appellate Tribunal

ITAT: Rules on comparables; Upholds CIT(A)’s exclusion of high turnover companies for software developer

  • In Favour of Both, Partially
  • Citation Number : TS-844-ITAT-2019(Bang)-TP
  • Tax Payer : CGI Information Systems and Management Consultants Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects Motilal Oswal Investment Advisors as comparable citing functional-dissimilarity, RPT-filter failure

  • In Favour of Assessee
  • Citation Number : TS-843-ITAT-2019(DEL)-TP
  • Tax Payer : Baring Pvt. Equity Partners India P Ltd
Income tax Appellate Tribunal

ITAT:Upholds CIT(A)-order quashing final assessment order passed without draft-order in remand proceedings

  • In Favour of Assessee
  • Citation Number : TS-842-ITAT-2019(DEL)-TP
  • Tax Payer : Globerian India P Ltd
Income tax Appellate Tribunal

ITAT:Sets aside assessment order as null, void; Condones cross-objection filing delay challenging validity

  • In Favour of Assessee
  • Citation Number : TS-841-ITAT-2019(PUN)-TP
  • Tax Payer : Atlas Copco (India) Limited
Income tax Appellate Tribunal

ITAT:Prefers CPM over TNMM for tour/travel service provider; Follows rule of consistency

  • In Favour of Assessee
  • Citation Number : TS-840-ITAT-2019(DEL)-TP
  • Tax Payer : Greaves Travel India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables for ITes-provider citing outsourcing model, filters failure, unreliable results etc.

  • In Favour of Both, Partially
  • Citation Number : TS-839-ITAT-2019(Mum)-TP
  • Tax Payer : Willis Processing Services India Ltd
Income tax Appellate Tribunal

ITAT: Remits comparables selection absent assessee’s TP-study & annual reports of alleged comparables

  • In Favour of Both, Partially
  • Citation Number : TS-838-ITAT-2019(Bang)-TP
  • Tax Payer : Mportal (India) Wireless Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds research & training, AMP-expenses not international transaction; Deletes TP-adjustments

  • In Favour of Both, Partially
  • Citation Number : TS-837-ITAT-2019(Kol)-TP
  • Tax Payer : Akzo Nobel India Ltd
Income tax Appellate Tribunal

ITAT: Remits treatment of forex-gain on hedging activity for comparable in PLI-computation

  • In Favour of Assessee
  • Citation Number : TS-836-ITAT-2019(Bang)-TP
  • Tax Payer : SAP Labs India Pvt Ltd
High Court

HC: Admits Revenue’s appeal challenging AMP-adjustment deletion; Upholds 0.5% as corporate guarantee ALP

  • In Favour of Both, Partially
  • Citation Number : TS-835-HC-2019(BOM)-TP
  • Tax Payer : Thomas Cook (India) Ltd
Income tax Appellate Tribunal

ITAT: Rejects assessee's characterization as KPO-provider; Remits issue following earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-834-ITAT-2019(Bang)-TP
  • Tax Payer : Open Silicon Research Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs LIBOR of country where AE-loan is consumed for interest benchmarking; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-833-ITAT-2019(Mum)-TP
  • Tax Payer : Arshiya Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on AE-receivables; Working-capital adjustment imbibes outstanding receivables impact on profitability

  • In Favour of Both, Partially
  • Citation Number : TS-832-ITAT-2019(DEL)-TP
  • Tax Payer : Concentrix Daksh Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows MP; Restricts remand to turnover filter application, comparables without disturbing MAM-selection

  • In Favour of Assessee
  • Citation Number : TS-831-ITAT-2019(Mum)-TP
  • Tax Payer : Roche Diagnostics India Private Limited
Income tax Appellate Tribunal

ITAT: Treats forex-fluctuation as operating item; Rules on comparables in IT/ITeS segments

  • In Favour of Both, Partially
  • Citation Number : TS-830-ITAT-2019(Bang)-TP
  • Tax Payer : First Advantage Global Operating Center Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes Rs.354cr AMP-adjustment absent L’Oreal India rendering DEMPE functions for AE-brands

  • In Favour of Both, Partially
  • Citation Number : TS-829-ITAT-2019(Mum)-TP
  • Tax Payer : L‘Oreal India Pvt Ltd