Rulings ( 11972 results )

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Income tax Appellate Tribunal

ITAT: Adopts LIBOR+300bps as share-application money ALP; Deletes TP-adjustment on AE-receivables

  • In Favour of Both, Partially
  • Citation Number : TS-689-ITAT-2019(Mum)-TP
  • Tax Payer : Suashish Diamonds Ltd
Income tax Appellate Tribunal

ITAT:Upholds CIT(A)’s deletion of TP-adjustment on management services fee; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-688-ITAT-2019(PUN)-TP
  • Tax Payer : Spicer India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes BLT based AMP adjustment for assessee manufacturer; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-687-ITAT-2019(DEL)-TP
  • Tax Payer : Pernod Ricard India Pvt Ltd (Formerly known as Seagram India Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT:Accepts RBI-approved royalty as ALP, upholds CIT(A)’s adjustment deletion

  • In Favour of Assessee
  • Citation Number : TS-686-ITAT-2019(PUN)-TP
  • Tax Payer : Atlas Copco (India) Limited
Income tax Appellate Tribunal

ITAT:Upholds CIT(A)’s deletion of royalty-adjustment sans application of prescribed methods

  • In Favour of Assessee
  • Citation Number : TS-685-ITAT-2019(PUN)-TP
  • Tax Payer : Atlas Copco (India) Limited
Income tax Appellate Tribunal

ITAT:Excludes TCS E-serve for back office support-services, Infosys & Wipro for IT-segment for BNP-Paribas

  • In Favour of Assessee
  • Citation Number : TS-684-ITAT-2019(Mum)-TP
  • Tax Payer : BNP Paribas India Solutions Private Limited
Income tax Appellate Tribunal

ITAT:Rules on comparables-selection; Allows working-capital adjustment on actuals, follows Huawei ruling

  • In Favour of Assessee
  • Citation Number : TS-683-ITAT-2019(Bang)-TP
  • Tax Payer : Ocwen Financial Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s appeal considering resolution of TP-issues under BAPA covering impugned year

  • In Favour of Assessee
  • Citation Number : TS-682-ITAT-2019(DEL)-TP
  • Tax Payer : Metlife Global Operations Support Centre Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits royalty adjustment, deletes TP-adjustment on AE-receivables; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-681-ITAT-2019(DEL)-TP
  • Tax Payer : CRM Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rules on comparables for IT, ITes-provider; Remits treatment of reimbursement and cost-allocation

  • In Favour of Assessee
  • Citation Number : TS-680-ITAT-2019(Bang)-TP
  • Tax Payer : Sterling Commerce Solutions India Private Ltd (Successor in interest to Telelogic India Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Accepts Rs.200cr turnover-filter application to exclude Infosys & Wipro; Follows Autodesk ruling

  • In Favour of Both, Partially
  • Citation Number : TS-678-ITAT-2019(Bang)-TP
  • Tax Payer : Acusis Software India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Holds order cancellation compensation as operating income; Expats remuneration for equipment installation, non-operating

  • In Favour of Both, Partially
  • Citation Number : TS-677-ITAT-2019(PUN)-TP
  • Tax Payer : Mahle Behr India Limited (Formerly known as Behr India Limited)
Income tax Appellate Tribunal

ITAT:Deletes TP-addition for construction contract; Considers POCM settles issues on contract completion

  • In Favour of Assessee
  • Citation Number : TS-676-ITAT-2019(DEL)-TP
  • Tax Payer : L & T SUCG
Income tax Appellate Tribunal

ITAT:Quashes assessment citing draft-order passed on non-existent entity though final-order framed correctly

  • In Favour of Assessee
  • Citation Number : TS-675-ITAT-2019(Mum)-TP
  • Tax Payer : FedEx Express Transportation and Supply Chain Services (India) Private Limited (‘FETSCS’) [Federal Express India Private Limited
Income tax Appellate Tribunal

ITAT:Deletes TP-addition on performance guarantee considering assessee’s profit from arrangement, if invoked

  • In Favour of Assessee
  • Citation Number : TS-674-ITAT-2019(Mum)-TP
  • Tax Payer : KEC International Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-determination of guarantee-fee receipt citing TPO’s disregard of ‘interest saved approach’

  • In Favour of Both, Partially
  • Citation Number : TS-673-ITAT-2019(DEL)-TP
  • Tax Payer : Motherson Sumi Systems Ltd
High Court

HC:Dismisses Revenue’s appeal, upholds ITAT’s internal comparison of AE-transactions with non-AE transactions

  • In Favour of Assessee
  • Citation Number : TS-672-HC-2019(DEL)-TP
  • Tax Payer : Birlasoft (India) Ltd
Income tax Appellate Tribunal

ITAT:Rules on comparables; Remits issue of APA applicability for cost allocation transaction

  • In Favour of Both, Partially
  • Citation Number : TS-670-ITAT-2019(PUN)-TP
  • Tax Payer : Honeywell Turbo Technologies (India) Pvt Ltd (Legal Successor of Honeywell Turbo (India) Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Retains MAP accepted TP-additions despite quashing final assessment order passed without draft-order

  • In Favour of Both, Partially
  • Citation Number : TS-669-ITAT-2019(PUN)-TP
  • Tax Payer : Yazaki India Private Limited (Formerly known as Tata Yazaki AutoComp Limited)
Income tax Appellate Tribunal

ITAT:Deletes AMP-adjustment for assessee distributor considering recovery by way of subvention income

  • In Favour of Assessee
  • Citation Number : TS-668-ITAT-2019(Mum)-TP
  • Tax Payer : Edwards Lifesciences (India) Private Limited