Rulings ( 11623 results )

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Income tax Appellate Tribunal

ITAT: Remits TP-adjustment on intra-group services and interest on AE-loan; Follows earlier order

Mar 22, 2019
  • In Favour of Assessee
  • Citation Number : TS-1459-ITAT-2018(DEL)-TP
  • Tax Payer : BG Exploration & Production India Ltd
Income tax Appellate Tribunal

ITAT: Fixes LIBOR +150 bps as AE-loan interest benchmark; Rejects interest enhancement by 4 risk-margin

Mar 22, 2019
  • In Favour of Assessee
  • Citation Number : TS-166-ITAT-2019(Mum)-TP
  • Tax Payer : Thirumalai Chemicals Ltd
Income tax Appellate Tribunal

ITAT:Remits ground challenging AO’s TPO-reference when international transaction quantum < 15cr

Mar 22, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-165-ITAT-2019(Ahd)-TP
  • Tax Payer : GMM Pfaudler Limited
Income tax Appellate Tribunal

ITAT: Allows Revenue’s miscellaneous application, corrects error by directing exclusion of Akshay Technologies

Mar 21, 2019
  • In Favour of Revenue
  • Citation Number : TS-164-ITAT-2019(PUN)-TP
  • Tax Payer : Amber Point Technology India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes protective AMP-adjustment following earlier-order; Remits TP-adjustment on co-ordination support services

Mar 21, 2019
  • In Favour of Assessee
  • Citation Number : TS-163-ITAT-2019(DEL)-TP
  • Tax Payer : MSD Pharmaceuticals Pvt Ltd
Income tax Appellate Tribunal

ITAT: Restores comparable selection and working capital adjustment for software developer

Mar 21, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-162-ITAT-2019(Kol)-TP
  • Tax Payer : Lexmark International India Pvt
Income tax Appellate Tribunal

ITAT: TP-provisions inapplicable to share buy-back; Relies on Topsgrup ruling

Mar 20, 2019
  • In Favour of Assessee
  • Citation Number : TS-161-ITAT-2019(Kol)-TP
  • Tax Payer : Earnest Towers Private Limited
Income tax Appellate Tribunal

ITAT: Upholds RPM for distributor; High advertisement/marketing expenditure not reason to adopt TNMM

Mar 20, 2019
  • In Favour of Assessee
  • Citation Number : TS-160-ITAT-2019(Mum)-TP
  • Tax Payer : Celio Future Fashion Private Limited, (Formerly known as Celio Future Fashion)
Income tax Appellate Tribunal

ITAT:Challenge against comparables based TP-adjustment translates into ground against comparable inclusion/ exclusion

Mar 20, 2019
  • In Favour of Assessee
  • Citation Number : TS-159-ITAT-2019(DEL)-TP
  • Tax Payer : TP 2020 microsite
Income tax Appellate Tribunal

ITAT:Rules on comparables for investment research support service provider; Follows precedents

Mar 20, 2019
  • In Favour of Assessee
  • Citation Number : TS-158-ITAT-2019(Mum)-TP
  • Tax Payer : Clear Info Analytics Private Limited
High Court

HC:Dismisses Revenue’s appeal challenging ITAT’s comparables selection; Follows Softbrands ruling

Mar 19, 2019
  • In Favour of Assessee
  • Citation Number : TS-1455-HC-2018(KAR)-TP
  • Tax Payer : Unisys India Pvt. Ltd
High Court

HC:Dismisses Revenue’s appeal challenging ITAT’s comparables selection; Follows Softbrands ruling

Mar 19, 2019
  • In Favour of Assessee
  • Citation Number : TS-1453-HC-2018(KAR)-TP
  • Tax Payer : Goldman Sachs Services Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for ITES-provider; Includes BNR Udyog earning substantial ITeS-revenue

Mar 18, 2019
  • In Favour of Assessee
  • Citation Number : TS-155-ITAT-2019(Bang)-TP
  • Tax Payer : Societe Generale Global Solution Global Centre Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Holds corporate guarantee, international transaction, following Everest Kanto HC-ruling; Fixes ALP at 0.5%

Mar 18, 2019
  • In Favour of Assessee
  • Citation Number : TS-154-ITAT-2019(Mum)-TP
  • Tax Payer : IL & FS Technologies Limited
Income tax Appellate Tribunal

ITAT: Remits comparable, listed company following different-FY, citing possibility to collate results from public-domain

Mar 18, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-153-ITAT-2019(Mum)-TP
  • Tax Payer : Greaves Cotton Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on management-services payments; Includes Modern India as comparable, cites functional-comparability

Mar 18, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-152-ITAT-2019(PUN)-TP
  • Tax Payer : Sandvik Asia Pvt Ltd
Income tax Appellate Tribunal

ITAT:Directs TPO to provide keywords & filters used for comparables-selection; Remits issue

Mar 18, 2019
  • In Favour of Assessee
  • Citation Number : TS-151-ITAT-2019(Bang)-TP
  • Tax Payer : Stump Shuele and Somappa Springs P Ltd
Income tax Appellate Tribunal

ITAT:Deletes Sec 271G-penalty levied by TPO sans power to levy pre-2014 amendment

Mar 15, 2019
  • In Favour of Assessee
  • Citation Number : TS-150-ITAT-2019(Ahd)-TP
  • Tax Payer : ITT Corporation India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Rejects BLT based AMP-adjustment; Remits matter for fresh decision considering SC-verdict

Mar 15, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-149-ITAT-2019(DEL)-TP
  • Tax Payer : Whirlpool of India Ltd
Income tax Appellate Tribunal

ITAT:Share application money to AE, not international transaction; Deletes TP-adjustment following precedents

Mar 14, 2019
  • In Favour of Assessee
  • Citation Number : TS-148-ITAT-2019(DEL)-TP
  • Tax Payer : DLF Hotel Holdings Ltd.