Rulings ( 11533 results )

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Income tax Appellate Tribunal

ITAT: Directs comparability analysis based on brand-ownership; Deletes TP-addition on reimbursement of expenses

Apr 26, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-338-ITAT-2019(DEL)-TP
  • Tax Payer : Sony India Private Ltd
Income tax Appellate Tribunal

ITAT: Refrains from deciding appeal on merits as assessee’s margin within tolerance range

Apr 26, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-337-ITAT-2019(PUN)-TP
  • Tax Payer : Ignify Software Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on model-fee, royalty & export-commission for assessee in automotive industry

Apr 26, 2019
  • In Favour of Assessee
  • Citation Number : TS-336-ITAT-2019(DEL)-TP
  • Tax Payer : Hero Moto Corp Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-addition on cost allocation; Upholds assessee’s CUP-method for benchmarking

Apr 26, 2019
  • In Favour of Assessee
  • Citation Number : TS-335-ITAT-2019(Mum)-TP
  • Tax Payer : Elkem South Asia Pvt Ltd (Formerly known as Orkla India P Ltd)
Income tax Appellate Tribunal

ITAT:Restricts TP-adjustments to international transactions; Accepts assessee's cost allocation among various services

Apr 26, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-334-ITAT-2019(Mum)-TP
  • Tax Payer : Wilhemsen Ship Management (India) Private Limited
High Court

HC:Allows assessee’s writ; Tribunal's non-adjudication of ground gives rise to rectifiable mistake

Apr 26, 2019
  • In Favour of Assessee
  • Citation Number : TS-333-HC-2019(BOM)-TP
  • Tax Payer : Rolls­Royce Marine India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Excludes 2 comparables citing functional dissimilarity, exceptional year of performance for ITeS-provider

Apr 25, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-332-ITAT-2019(HYD)-TP
  • Tax Payer : S&P Capital IQ (India) Private Limited
Income tax Appellate Tribunal

ITAT: Remits comparables selection back to DRP for passing reasoned and speaking order

Apr 25, 2019
  • In Favour of Assessee
  • Citation Number : TS-331-ITAT-2019(Bang)-TP
  • Tax Payer : CommScope Connectivity India Pvt Ltd (Formerly known as TE Connectivity Global Shared Services India Pvt Ltd)
Income tax Appellate Tribunal

ITAT:AO entitled to examine assessee's reimbursement claim despite ALP accepted by TPO

Apr 25, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-330-ITAT-2019(DEL)-TP
  • Tax Payer : Dolphin Drilling Pte Ltd
Income tax Appellate Tribunal

ITAT: Rejects internal-TNMM for benchmarking software services; Deletes TP-adjustment on outstanding AE-receivables

Apr 25, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-328-ITAT-2019(HYD)-TP
  • Tax Payer : Hackett Group (India) Ltd
Income tax Appellate Tribunal

ITAT: Applies Rs1-200cr turnover filter to exclude 2 comparables; Follows precedents

Apr 25, 2019
  • In Favour of Assessee
  • Citation Number : TS-327-ITAT-2019(Bang)-TP
  • Tax Payer : Fulcrum Fund Services (India) Private Limited
Income tax Appellate Tribunal

ITAT: Modicare incomparable to Oriflame, a direct seller; Adopts TNMM over RPM for imports

Apr 25, 2019
  • In Favour of Assessee
  • Citation Number : TS-326-ITAT-2019(DEL)-TP
  • Tax Payer : Oriflame India Pvt. Ltd
Income tax Appellate Tribunal

ITAT:Confirms guarantee-fee adjustment 3; Remits notional-interest adjustment, directs adoption of LIBOR

Apr 24, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-325-ITAT-2019(Mum)-TP
  • Tax Payer : Mahindra & Mahindra Limited
Income tax Appellate Tribunal

ITAT:Dismisses Revenue’s appeal filed merely considering Revenue’s SLP-admission on similar issue previously

Apr 24, 2019
  • In Favour of Assessee
  • Citation Number : TS-324-ITAT-2019(DEL)-TP
  • Tax Payer : Li & Fung (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 2 government companies and 1 NPO for marketing support service provider

Apr 24, 2019
  • In Favour of Assessee
  • Citation Number : TS-323-ITAT-2019(DEL)-TP
  • Tax Payer : Microsoft Corporation India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds interest on outstanding AE-receivables not international transaction pre-2012 amendment

Apr 24, 2019
  • In Favour of Assessee
  • Citation Number : TS-322-ITAT-2019(HYD)-TP
  • Tax Payer : Ivy Comptech Private Ltd
Income tax Appellate Tribunal

ITAT:Excludes 1, remits 2 comparables for manning services provider for sea-going vessels

Apr 24, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-321-ITAT-2019(Mum)-TP
  • Tax Payer : Teekay Shipping India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adopts LIBOR over PLR to benchmark interest receivable from Swiss-AE; Follows Cotton Naturals

Apr 24, 2019
  • In Favour of Assessee
  • Citation Number : TS-320-ITAT-2019(DEL)-TP
  • Tax Payer : Dharampal Satyapal Ltd
Income tax Appellate Tribunal

ITAT: Rejects Nil ALP determination for technical assistance & project management fees, remits issue

Apr 24, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-319-ITAT-2019(PUN)-TP
  • Tax Payer : Tata BlueScope Steel Ltd
Income tax Appellate Tribunal

ITAT: Adopts LIBOR + 0.5% for benchmarking interest on outstanding AE-receivables

Apr 23, 2019
  • In Favour of Assessee
  • Citation Number : TS-318-ITAT-2019(Mum)-TP
  • Tax Payer : Essar Power Ltd