Rulings ( 11606 results )

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Income tax Appellate Tribunal

ITAT: Excludes TCS E-Serve for ITeS-provider; Deletes TP-addition to book profits u/s 115JB

Apr 10, 2019
  • In Favour of Assessee
  • Citation Number : TS-258-ITAT-2019(DEL)-TP
  • Tax Payer : Integreon India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects CPM as MAM for benchmarking transactions in equipment division; Follows earlier-orders

Apr 10, 2019
  • In Favour of Assessee
  • Citation Number : TS-257-ITAT-2019(PUN)-TP
  • Tax Payer : Alfa Laval India Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-addition of 10 markup on expense reimbursement; Follows earlier order

Apr 10, 2019
  • In Favour of Assessee
  • Citation Number : TS-256-ITAT-2019(HYD)-TP
  • Tax Payer : Monster com (India) Pvt Ltd
High Court

HC:Dismisses Revenue’s appeal on TP-issues absent perversity in ITAT’s fact finding process

Apr 09, 2019
  • In Favour of Assessee
  • Citation Number : TS-255-HC-2019(CAL)-TP
  • Tax Payer : AT & S India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-addition for freight forwarding service-provider as margin within 5% tolerance range

Apr 09, 2019
  • In Favour of Assessee
  • Citation Number : TS-254-ITAT-2019(DEL)-TP
  • Tax Payer : S-Net Freight (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Directs AO/TPO to allow working-capital adjustment for benchmarking imports by following DRP-directions

Apr 09, 2019
  • In Favour of Assessee
  • Citation Number : TS-253-ITAT-2019(Kol)-TP
  • Tax Payer : Dongfang Electric (India) Private Limited
Income tax Appellate Tribunal

ITAT: Holds outstanding AE-receivables, an international transaction, following Cotton Naturals; Remits benchmarking

Apr 09, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-252-ITAT-2019(DEL)-TP
  • Tax Payer : Bridal Jewellery Mfg Co
Income tax Appellate Tribunal

ITAT: Quashes final assessment order passed without draft-order in remand proceedings; Follows precedents

Apr 08, 2019
  • In Favour of Assessee
  • Citation Number : TS-251-ITAT-2019(COCH)-TP
  • Tax Payer : Appollo Tyres
Income tax Appellate Tribunal

ITAT: Sets aside DRP’s non-speaking order; Remits functional characterisation issue for fresh adjudication

Apr 08, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-250-ITAT-2019(Bang)-TP
  • Tax Payer : Broadcom Semiconductors India Pvt Ltd (Earlier known as M/s. Netlogic Processors India Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Excludes Govt.-company as comparable & remits capacity adjustment in manufacturing segment; Follows precedents

Apr 08, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-249-ITAT-2019(PUN)-TP
  • Tax Payer : Hyundai Construction Equipment India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes Infosys BPO, TCS e-Serve for captive ITeS provider; Allows risk-adjustment plea

Apr 08, 2019
  • In Favour of Assessee
  • Citation Number : TS-248-ITAT-2019(HYD)-TP
  • Tax Payer : Harsco India Services Pvt Ltd
Income tax Appellate Tribunal

ITAT:Excludes 4 comparables in software deployment segment; Deletes TP-adjustment on management fees

Apr 08, 2019
  • In Favour of Assessee
  • Citation Number : TS-247-ITAT-2019(DEL)-TP
  • Tax Payer : Aircom International India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes four comparables citing RPT, functional dissimilarity for real estate investment advisor

Apr 08, 2019
  • In Favour of Assessee
  • Citation Number : TS-246-ITAT-2019(Bang)-TP
  • Tax Payer : DTZ International Property Advisor Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs internal-TNMM application for engineering design services; Restricts TP-addition to international transactions

Apr 05, 2019
  • In Favour of Assessee
  • Citation Number : TS-244-ITAT-2019(PUN)-TP
  • Tax Payer : Magna Automotive India Pvt. Ltd., (formerly known as Magna Steyr India Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Deletes Yakult Danone’s AMP-adjustment absent existence of international transaction; Follows PepsiCo India

Apr 05, 2019
  • In Favour of Assessee
  • Citation Number : TS-243-ITAT-2019(DEL)-TP
  • Tax Payer : Yakult Danone India P Ltd
Income tax Appellate Tribunal

ITAT: Applies US-MAP agreed margin for non-US AE-transactions for engineering design service provider

Apr 05, 2019
  • In Favour of Assessee
  • Citation Number : TS-242-ITAT-2019(Bang)-TP
  • Tax Payer : Flowserve India Controls Pvt Ltd
Income tax Appellate Tribunal

ITAT: Restricts TP-adjustment only to international transactions with AE; Follows earlier-order

Apr 04, 2019
  • In Favour of Assessee
  • Citation Number : TS-241-ITAT-2019(Mum)-TP
  • Tax Payer : Damco India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on AE-receivables as interest subsumed in working capital adjustment; Follows precedent

Apr 04, 2019
  • In Favour of Assessee
  • Citation Number : TS-240-ITAT-2019(DEL)-TP
  • Tax Payer : Parveen Industries P Ltd
Income tax Appellate Tribunal

ITAT: Remits segmentation and entity level benchmarking issues for software developer; Follows precedents

Apr 04, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-239-ITAT-2019(CHNY)-TP
  • Tax Payer : Prodapt Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT:CIT(A) jurisdiction change to be communicated efficiently; Restores appeal to CIT(A)

Apr 04, 2019
  • In Favour of Assessee
  • Citation Number : TS-238-ITAT-2019(JPR)-TP
  • Tax Payer : Sh. Vikas Agarwal