Rulings ( 11606 results )

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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)
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