Rulings ( 11966 results )

Filters
High Court

HC: Mere communication of DRP-direction to AO, not direction u/s 144C(5); Rejects assessement-order limitation plea

  • In Favour of Revenue
  • Citation Number : TS-807-HC-2019(MAD)-TP
  • Tax Payer : L&T Thales Technology Services Private Limited
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s concealment penalty deletion over MAM selection TP-dispute

  • In Favour of Assessee
  • Citation Number : TS-806-ITAT-2019(Mum)-TP
  • Tax Payer : Hilti Manufacturing India Pvt Ltd (Previously know as Bhukhanwala Diamond Systems Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT:Remits comparables selection; Onus on assessee to demonstrate functional similarity with cogent material

  • In Favour of Both, Partially
  • Citation Number : TS-805-ITAT-2019(Mum)-TP
  • Tax Payer : MX Systems International Private Ltd
Income tax Appellate Tribunal

ITAT: Excludes 1, includes 1 and remits 5 comparables for ITeS-provider; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-804-ITAT-2019(Bang)-TP
  • Tax Payer : Kennametal Shared Services Private Limited
Income tax Appellate Tribunal

ITAT: Adopts external TNMM for manufacturer/trader of kitchen appliances; Rules on comparable-selection

  • In Favour of Both, Partially
  • Citation Number : TS-803-ITAT-2019(PUN)-TP
  • Tax Payer : Elica PB India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits capacity adjustment directing adoption of ‘weighted mean’; Remits comparability of NGEF (Hubli)

  • In Favour of Both, Partially
  • Citation Number : TS-802-ITAT-2019(Bang)-TP
  • Tax Payer : Moog Controls (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects CUP-method for metro-trains sale absent evidence on quality, market; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-801-ITAT-2019(DEL)-TP
  • Tax Payer : Bombardier Transportation India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 9 comparables for software developer; Remits ALP-determination of intra-group services

  • In Favour of Both, Partially
  • Citation Number : TS-800-ITAT-2019(DEL)-TP
  • Tax Payer : Aircom International (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Difference in manner of ALP-determination, not concealment; Upholds CIT(A)’s penalty deletion

  • In Favour of Assessee
  • Citation Number : TS-799-ITAT-2019(PUN)-TP
  • Tax Payer : Atlas Copco (India) Limited
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on advertiser’s brand-building assistance receipts; Considers AE only pass-through entity

  • In Favour of Both, Partially
  • Citation Number : TS-798-ITAT-2019(Mum)-TP
  • Tax Payer : Lintas India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects AO's higher TP-margins reasoning for disallowing Sec 10AA deduction; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-797-ITAT-2019(PUN)-TP
  • Tax Payer : Honeywell Automation India Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on management fees absent mechanism for adhoc disallowance under law

  • In Favour of Both, Partially
  • Citation Number : TS-796-ITAT-2019(Ahd)-TP
  • Tax Payer : Tyco Valves & Controls India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds applicability of Frost & Sullivan ruling for deciding TP-issue; Dismisses Revenue’s ground

  • In Favour of Assessee
  • Citation Number : TS-795-ITAT-2019(Mum)-TP
  • Tax Payer : Gartner India Research & Advisory Services Private Ltd
Income tax Appellate Tribunal

ITAT: Subcontracting transaction between assessee & third-party NR, not international transaction; Rejects Sec 44BBB application

  • In Favour of Assessee
  • Citation Number : TS-794-ITAT-2019(DEL)-TP
  • Tax Payer : Metals Russia India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits Sec 271G-penalty issue absent CIT(A)’s findings on assessee’s maintenance of segmental information

  • In Favour of Assessee
  • Citation Number : TS-792-ITAT-2019(Bang)-TP
  • Tax Payer : Telsima Communications Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes AO's Sec.154 order passed without issuing draft assessment order; Cites Sec. 144C(1) violation

  • In Favour of Assessee
  • Citation Number : TS-791-ITAT-2019(HYD)-TP
  • Tax Payer : Lanco Solar Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 3 companies citing high-end KPO, employee-cost filter failure, for ITeS provider

  • In Favour of Both, Partially
  • Citation Number : TS-790-ITAT-2019(Bang)-TP
  • Tax Payer : Software Paradigms Infotech Pvt Ltd
Foreign Court

FC: US Appeals Court upholds Tax Court's relief to Amazon in intangibles related TP dispute

  • In Favour of Assessee
  • Citation Number : TS-1250-FC-2019(USA)-TP
  • Tax Payer : Amazon.com
Income tax Appellate Tribunal

ITAT: Includes forex cost on expat-salary for ‘cost+’ based remuneration; Declines safe-harbour application

  • In Favour of Both, Partially
  • Citation Number : TS-789-ITAT-2019(DEL)-TP
  • Tax Payer : AT& T Communication Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adopts EURIBOR+2% for benchmarking AE-loan interest; Follows earlier ruling

  • In Favour of Both, Partially
  • Citation Number : TS-788-ITAT-2019(PUN)-TP
  • Tax Payer : iGate Global Solutions Ltd