Rulings ( 11533 results )

Filters
Income tax Appellate Tribunal

ITAT: Rectifies Tribunal-order; Specifies RPT filter failure as ground for excluding Softsol India

Apr 18, 2019
  • In Favour of Revenue
  • Citation Number : TS-1477-ITAT-2018(Bang)-TP
  • Tax Payer : Verisign Service India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Admits additional ground; Restores capacity utilization adjustment for assessee manufacturer

Apr 18, 2019
  • In Favour of Assessee
  • Citation Number : TS-299-ITAT-2019(CHNY)-TP
  • Tax Payer : Triumph International (I) P Ltd
Income tax Appellate Tribunal

ITAT:Forex fluctuation operating in first year of operation; Mercedes Benz ruling inapplicable

Apr 18, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-298-ITAT-2019(Bang)-TP
  • Tax Payer : Cisco Development (India) P Ltd
Income tax Appellate Tribunal

ITAT:Quashes assessment as AO failed to pass final-order within time prescribed u/s 153(4)

Apr 18, 2019
  • In Favour of Assessee
  • Citation Number : TS-297-ITAT-2019(PUN)-TP
  • Tax Payer : Persistent Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Restores TP-adjustments on overdue debtors, network related services/ IT-Infrastructure charges; Follows earlier-order

Apr 18, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-296-ITAT-2019(Mum)-TP
  • Tax Payer : Atos India P Ltd
Income tax Appellate Tribunal

ITAT: Allows Revenue’s miscellaneous petition; Directs adjudication of 6 comparables not adjudicated by Tribunal

Apr 17, 2019
  • In Favour of Revenue
  • Citation Number : TS-295-ITAT-2019(Bang)-TP
  • Tax Payer : Autodesk India P Ltd
Income tax Appellate Tribunal

ITAT:Foreign LLP not “eligible assessee” u/s 144C(15)(b); Quashes draft, final assessment orders

Apr 17, 2019
  • In Favour of Revenue
  • Citation Number : TS-294-ITAT-2019(Mum)-TP
  • Tax Payer : Maquet Holdings B V & Co
Income tax Appellate Tribunal

ITAT: Directs AO to re-determine guarantee fee ALP by following directions in earlier-order

Apr 17, 2019
  • In Favour of Assessee
  • Citation Number : TS-293-ITAT-2019(Mum)-TP
  • Tax Payer : Tata Autocomp Systems Ltd
Income tax Appellate Tribunal

ITAT: Upholds CUP method with commission rate of Laxmi Machines Works as comparable

Apr 17, 2019
  • In Favour of Assessee
  • Citation Number : TS-292-ITAT-2019(PUN)-TP
  • Tax Payer : Rieter India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Applies margin of transactions with USA/UK AE under MAP to other transactions

Apr 17, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-291-ITAT-2019(DEL)-TP
  • Tax Payer : IBM Daksh Business Process Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparable selection for ITES provider; Stresses on functional comparability

Apr 17, 2019
  • In Favour of Assessee
  • Citation Number : TS-290-ITAT-2019(Mum)-TP
  • Tax Payer : Hapad Lloyd Global Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Prefers internal-CUP over TNMM for benchmarking drug manufacturer's export transactions

Apr 17, 2019
  • In Favour of Revenue
  • Citation Number : TS-289-ITAT-2019(Mum)-TP
  • Tax Payer : UCB India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Adopts LIBOR for benchmarking interest on overdue trade receivables; Follows Cotton Naturals

Apr 17, 2019
  • In Favour of Assessee
  • Citation Number : TS-288-ITAT-2019(DEL)-TP
  • Tax Payer : Apollo International Ltd
Income tax Appellate Tribunal

ITAT: Remits comparables selection with directions to DRP to pass reasoned/ speaking order

Apr 16, 2019
  • In Favour of Revenue
  • Citation Number : TS-287-ITAT-2019(Bang)-TP
  • Tax Payer : Webex Communications India P. Ltd
Income tax Appellate Tribunal

ITAT:Rectification order on turnover-filter not brought to Tribunal’s notice; Recalls appeal

Apr 16, 2019
  • In Favour of Revenue
  • Citation Number : TS-286-ITAT-2019(CHNY)-TP
  • Tax Payer : Socomec Innovative Power Solutions Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Sets aside DRP’s cryptic/ non-speaking order; Remits comparables in IT/ITeS segments

Apr 16, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-285-ITAT-2019(Bang)-TP
  • Tax Payer : Webex Communications India P. Ltd
Income tax Appellate Tribunal

ITAT: Rejects TPO’s RBI ECB-rate for interest payment to foreign-AE, upholds assessee’s LIBOR

Apr 16, 2019
  • In Favour of Assessee
  • Citation Number : TS-284-ITAT-2019(Mum)-TP
  • Tax Payer : Travelex India Pvt. Ltd
Income tax Appellate Tribunal

ITAT:Remits comparable, risk adjustment and treatment of forex gain/loss for de-novo adjudication

Apr 16, 2019
  • In Favour of Revenue
  • Citation Number : TS-283-ITAT-2019(Bang)-TP
  • Tax Payer : Webex Communications India P. Ltd
Income tax Appellate Tribunal

ITAT: Directs PLI re-computation after considering income,expenses of DTA-unit as operating items

Apr 15, 2019
  • In Favour of Assessee
  • Citation Number : TS-282-ITAT-2019(PUN)-TP
  • Tax Payer : Capstone Securities Analysis Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s appeal challenging DRP’s restriction of AMP-adjustment; Follows earlier -order

Apr 15, 2019
  • In Favour of Assessee
  • Citation Number : TS-281-ITAT-2019(DEL)-TP
  • Tax Payer : Valvoline Cummins Ltd