Rulings ( 11533 results )
Income tax Appellate Tribunal
ITAT: Dismisses assessee’s appeal in view of resolution of TP-issue under unilateral-APA
May 03, 2019
- In Favour of Assessee
- Citation Number : TS-358-ITAT-2019(Bang)-TP
- Tax Payer : First Advantage Global Operating Centre Pvt Ltd (Formerly known as First Advantage Offshore Services Pvt. Ltd.,)
Income tax Appellate Tribunal
ITAT: Remits ALP-determination of AE-loan following precedent; Remits issue of Sec 92CA(3)-order validity
May 03, 2019
- In Favour of Both, Partially
- Citation Number : TS-357-ITAT-2019(Mum)-TP
- Tax Payer : Tata Motors Ltd
High Court
HC:Allows McKinsey India’s review-petition; Recalls order on R&D service characterization, outstanding AE-receivables TP-adjustment
May 03, 2019
- In Favour of Both, Partially
- Citation Number : TS-356-HC-2019(DEL)-TP
- Tax Payer : MCKINSEY KNOWLEDGE CENTRE INDIA PVT. LTD
Income tax Appellate Tribunal
ITAT:Honda-Japan not AE of Hero Moto Corp; Model-fee, royalty payment consequently not 'international transaction'
May 02, 2019
- In Favour of Assessee
- Citation Number : TS-354-ITAT-2019(DEL)-TP
- Tax Payer : Hero Moto Corp Ltd.
Income tax Appellate Tribunal
ITAT:Adopts RPM over TNMM for benchmarking purchase transaction; Remits subvention charges benchmarking
May 02, 2019
- In Favour of Assessee
- Citation Number : TS-353-ITAT-2019(Bang)-TP
- Tax Payer : Citizen Watches (India) P Ltd
Income tax Appellate Tribunal
ITAT: Directs assessee to substantiate CUP-evidence for exports/imports; Functional analysis key for comparables-selection
May 02, 2019
- In Favour of Assessee
- Citation Number : TS-352-ITAT-2019(DEL)-TP
- Tax Payer : Noble Resources & Training India Pvt Ltd
Income tax Appellate Tribunal
ITAT:Upholds internal-TNMM for technical/consultancy services considering similar FAR for AE, non-AE segments
May 02, 2019
- In Favour of Assessee
- Citation Number : TS-351-ITAT-2019(DEL)-TP
- Tax Payer : BCEOM (India)P Ltd (Now known as Egis India Consulting Engineers Pvt. Ltd)
Income tax Appellate Tribunal
ITAT:Restores ALP-determination of royalty, technical fee, design/drawing fee; Follows earlier orders
May 02, 2019
- In Favour of Assessee
- Citation Number : TS-350-ITAT-2019(DEL)-TP
- Tax Payer : Munjal Showa Ltd
Income tax Appellate Tribunal
ITAT:Admits additional ground; Quashes assessment framed on non-existent company, follows precedents
May 02, 2019
- In Favour of Assessee
- Citation Number : TS-349-ITAT-2019(Kol)-TP
- Tax Payer : Akzo Nobel Coatings India Ltd
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustment on sale of drugs, interest on OFCD, corporate-guarantee; Follows earlier order
May 02, 2019
- In Favour of Assessee
- Citation Number : TS-348-ITAT-2019(Ahd)-TP
- Tax Payer : Sun Pharmaceuticals Industries Ltd
Income tax Appellate Tribunal
ITAT:Rejects foreign AE as tested party absent 'statutory sanction'; Grants depreciation adjustment
Apr 30, 2019
- In Favour of Both, Partially
- Citation Number : TS-347-ITAT-2019(PUN)-TP
- Tax Payer : Bekaert Industries Private Limited
Income tax Appellate Tribunal
ITAT:Dismisses Revenue’s appeal as infructuous considering assessment sans draft-order void-ab-initio
Apr 29, 2019
- In Favour of Assessee
- Citation Number : TS-345-ITAT-2019(DEL)-TP
- Tax Payer : Rolls Royce India P Ltd
Income tax Appellate Tribunal
ITAT:Remits MAM-selection for SDT relating to raw-material purchase absent adjudication by DRP
Apr 29, 2019
- In Favour of Assessee
- Citation Number : TS-344-ITAT-2019(Bang)-TP
- Tax Payer : Sura Leathers Pvt Ltd
Income tax Appellate Tribunal
ITAT:Deletes TP-addition on expense reimbursement absent application of prescribed TP-method; Follows earlier order
Apr 29, 2019
- In Favour of Assessee
- Citation Number : TS-343-ITAT-2019(Mum)-TP
- Tax Payer : Wartsila India Private Limited (Formerly known as “Wartsila India Limited)
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustment on outstanding AE-receivables, corporate guarantee; Follows precedents
Apr 29, 2019
- In Favour of Assessee
- Citation Number : TS-342-ITAT-2019(VIZ)-TP
- Tax Payer : CCL Products (India) Pvt Ltd
Income tax Appellate Tribunal
ITAT: Deletes AMP-adjustment for distributor; Cites difficulty in quantifying AMP-intensity adjustment
Apr 29, 2019
- In Favour of Assessee
- Citation Number : TS-341-ITAT-2019(DEL)-TP
- Tax Payer : CASIO India Co Pvt Ltd
Income tax Appellate Tribunal
ITAT: Delete’s TP-adjustment publicity and sales promotion expenses, service tax royalty, etc
Apr 26, 2019
- In Favour of Assessee
- Citation Number : TS-1481-ITAT-2018(Mum)-TP
- Tax Payer : Johnson & Johnson Pvt Ltd (Formerly known as Johnson & Johnson Ltd.)
Income tax Appellate Tribunal
ITAT:Dismisses assessee’s MP; Upholds TP-adjustment for royalty, technical service fees
Apr 26, 2019
- In Favour of Revenue
- Citation Number : TS-1480-ITAT-2018(Bang)-TP
- Tax Payer : Soplar (India) Pvt Ltd
High Court
HC: Upholds rejection of foreign AE's rate of return for benchmarking INR-denominated CCDs
Apr 26, 2019
- In Favour of Assessee
- Citation Number : TS-340-HC-2019(BOM)-TP
- Tax Payer : India Debt Management Pvt Ltd
Income tax Appellate Tribunal
ITAT:Dismisses assessee’s second MP against ITAT order adjudicating on issues considered ‘academic’
Apr 26, 2019
- In Favour of Revenue
- Citation Number : TS-1479-ITAT-2018(Bang)-TP
- Tax Payer : M Modal Group Services Pvt Ltd (Formerly CBay Systems (India) Pvt. Ltd.,)