Rulings ( 11606 results )

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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
Income tax Appellate Tribunal

ITAT:Quashes Sec 263-order; TP-addition out of ‘book profit’ adjustment u/s 115JB

Apr 15, 2019
  • In Favour of Assessee
  • Citation Number : TS-280-ITAT-2019(Kol)-TP
  • Tax Payer : Himadri Chemicals & Industries Ltd.
Income tax Appellate Tribunal

ITAT:Upholds TP-adjustment deletion on corporate guarantee; Follows earlier order

Apr 15, 2019
  • In Favour of Assessee
  • Citation Number : TS-279-ITAT-2019(Mum)-TP
  • Tax Payer : Everest Kanto Cylinder Ltd
Income tax Appellate Tribunal

ITAT: Accepts foreign AE as tested-party for IT/ITeS provider; Contract migration cost, not operating item

Apr 15, 2019
  • In Favour of Assessee
  • Citation Number : TS-278-ITAT-2019(Mum)-TP
  • Tax Payer : WNS Global Services Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Accepts assessee’s aggregation approach for benchmarking royalty; Prefers TNMM over TPO’s CUP-method

Apr 15, 2019
  • In Favour of Assessee
  • Citation Number : TS-277-ITAT-2019(DEL)-TP
  • Tax Payer : Woodward India Pvt. Ltd (Formerly known as Woodward Governor India Ltd.,)
Income tax Appellate Tribunal

ITAT: Rules on comparables selection for software development services provider; Follows precedents

Apr 15, 2019
  • In Favour of Assessee
  • Citation Number : TS-1476-ITAT-2018(Mum)-TP
  • Tax Payer : Infor Global Solutions India Pvt. Ltd
Supreme Court

SC: Dismisses Revenue’s SLP; Upholds HC-order restricting TP-adjustment only to international transactions

Apr 12, 2019
  • In Favour of Assessee
  • Citation Number : TS-1475-SC-2018-TP
  • Tax Payer : Hindustan Unilever Ltd
Income tax Appellate Tribunal

ITAT: Remits comparables selection, working capital & risk adjustments; Follows precedents

Apr 12, 2019
  • In Favour of Assessee
  • Citation Number : TS-276-ITAT-2019(Bang)-TP
  • Tax Payer : 24/7 Customer P Ltd