Rulings ( 11533 results )

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Income tax Appellate Tribunal

ITAT:Excludes TPO’s comparables, remits all comparables selected by assessee for fresh analysis

Apr 23, 2019
  • In Favour of Assessee
  • Citation Number : TS-317-ITAT-2019(DEL)-TP
  • Tax Payer : Brown Forman Worldwide LLC-India
High Court

HC: Retains 2 comparables for investment-advisor; Dismisses ground on investment monitoring mark-up

Apr 23, 2019
  • In Favour of Assessee
  • Citation Number : TS-316-HC-2019(BOM)-TP
  • Tax Payer : Temasek Holdings Advisors India Pvt Ltd
High Court

HC: Upholds ITAT’s exclusion of 2 functionally dissimilar comparables following Behr India ruling

Apr 23, 2019
  • In Favour of Assessee
  • Citation Number : TS-315-HC-2019(BOM)-TP
  • Tax Payer : Dona India Technical Centre Pvt Ltd
Income tax Appellate Tribunal

ITAT: Tribunal’s appeal dismissal erroneous considering assessee’s Form 36B filing mentioning amalgamated company name

Apr 23, 2019
  • In Favour of Assessee
  • Citation Number : TS-314-ITAT-2019(Bang)-TP
  • Tax Payer : EADS India Pvt. Ltd (Now known as Airbus Group India Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Rectifies Tribunal-order; Directs AO to consider forex-gain as operating item following precedents

Apr 23, 2019
  • In Favour of Assessee
  • Citation Number : TS-313-ITAT-2019(Bang)-TP
  • Tax Payer : Evolving Systems Network India Pvt. Ltd
Income tax Appellate Tribunal

ITAT:Remits characterization of assessee’s services as ITeS, contract R&D; Follows earlier-order

Apr 23, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-312-ITAT-2019(Bang)-TP
  • Tax Payer : Continental Automotive Components (India) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: TP-adjustment cannot exceed amount of margin retained by AE; Rules on comparable

Apr 23, 2019
  • In Favour of Assessee
  • Citation Number : TS-311-ITAT-2019(DEL)-TP
  • Tax Payer : Omniglobe Information Technologies (I) Pvt. Ltd
Income tax Appellate Tribunal

ITAT:Rules on comparables-selection for IT, ITeS, business & marketing support-segments; Follows precedents

Apr 23, 2019
  • In Favour of Assessee
  • Citation Number : TS-310-ITAT-2019(PUN)-TP
  • Tax Payer : Eaton Technologies Private Limited
Income tax Appellate Tribunal

ITAT: Directs individual AE,non-AE transaction margin comparison for benchmarking contract project revenue

Apr 22, 2019
  • In Favour of Assessee
  • Citation Number : TS-309-ITAT-2019(Ind)-TP
  • Tax Payer : Andritz Hydro Private Limited
Income tax Appellate Tribunal

ITAT: Rejects re-characterization of share application money pending allotment as loan; Follows Vodafone

Apr 22, 2019
  • In Favour of Assessee
  • Citation Number : TS-308-ITAT-2019(DEL)-TP
  • Tax Payer : Unitech Limited
Income tax Appellate Tribunal

ITAT: Deletes BLT-based protective AMP-adjustment for distributor; Directs reimbursements reduction from operating cost

Apr 22, 2019
  • In Favour of Assessee
  • Citation Number : TS-307-ITAT-2019(DEL)-TP
  • Tax Payer : Sony Mobile Communications India Private Ltd
Income tax Appellate Tribunal

ITAT:Excludes seismic surveyor, project management consultant as comparables for engineering design/drawing service-provider

Apr 22, 2019
  • In Favour of Assessee
  • Citation Number : TS-306-ITAT-2019(DEL)-TP
  • Tax Payer : Siemens Power Engg Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds routine royalty expenditure, doubtful debts provision as operating items; Rejects risk-adjustment

Apr 22, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-305-ITAT-2019(DEL)-TP
  • Tax Payer : ST Microelectronics Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes Sonata, E-Infochips, Infinite, Infosys for captive software-developer; Grants working capital adjustment

Apr 22, 2019
  • In Favour of Assessee
  • Citation Number : TS-304-ITAT-2019(DEL)-TP
  • Tax Payer : Kaplan India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 functionally dissimilar comparables for captive software provider; Follows precedents

Apr 22, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-303-ITAT-2019(DEL)-TP
  • Tax Payer : Kaplan India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts foreign AE, being least complex party, as tested party; Follows precedents

Apr 18, 2019
  • In Favour of Assessee
  • Citation Number : TS-302-ITAT-2019(Kol)-TP
  • Tax Payer : Almatis Alumina Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Rejects CUP, holds TNMM as MAM; Remits comparables selection, follows earlier order

Apr 18, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1119-ITAT-2016(Bang)-TP
  • Tax Payer : Mercedes Benz Research & Development India Pvt. Ltd., (Earlier known as Daimler Chrysler Research Tech. Ind. Pvt. Ltd)
Income tax Appellate Tribunal

ITAT:Remits TP-issues to consider assessee’s additional evidence; Directs TP-adjustment restriction to international-transactions

Apr 18, 2019
  • In Favour of Assessee
  • Citation Number : TS-301-ITAT-2019(CHNY)-TP
  • Tax Payer : Valeo Lighting Systems India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s appeal on AMP-adjustment as issue already decided in assessee’s appeal

Apr 18, 2019
  • In Favour of Assessee
  • Citation Number : TS-1478-ITAT-2018(Bang)-TP
  • Tax Payer : Essilor India Pvt.Ltd
Income tax Appellate Tribunal

ITAT: Remits Sec 271G-penalty issue absent CIT(A)’s findings on assessee’s ‘reasonable cause’ plea

Apr 18, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-300-ITAT-2019(Bang)-TP
  • Tax Payer : Unibic foods India Pvt Ltd (Formerly known as Unibic Biscuits India Pvt. Ltd)