Rulings ( 11623 results )

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Income tax Appellate Tribunal

ITAT: Prefers assessee’s internal-TNMM over TPO’s internal-CUP for benchmarking sale transaction

Mar 11, 2019
  • In Favour of Assessee
  • Citation Number : TS-128-ITAT-2019(Ahd)-TP
  • Tax Payer : Gulbrandsen Chemicals Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds LIBOR based interest-rate for benchmarking AE-loan; Deletes TP-adjustment on corporate guarantee

Mar 11, 2019
  • In Favour of Assessee
  • Citation Number : TS-127-ITAT-2019(Mum)-TP
  • Tax Payer : Everest Kanto Cylinder Ltd
Income tax Appellate Tribunal

ITAT: Excludes Accentia, Infosys-BPO, E-Clerx, Cosmic-Global for BPO-service provider; Follows e4e-Business ruling

Mar 11, 2019
  • In Favour of Assessee
  • Citation Number : TS-126-ITAT-2019(Bang)-TP
  • Tax Payer : Brady Company India Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal; Upholds aggregated approach under TNMM for benchmarking export, import transactions

Mar 11, 2019
  • In Favour of Assessee
  • Citation Number : TS-125-HC-2019(BOM)-TP
  • Tax Payer : Vishay Components India Pvt. Ltd
High Court

HC:Dismisses Revenue’s appeal; Upholds segregation approach citing completely different manufacturing operations

Mar 08, 2019
  • In Favour of Assessee
  • Citation Number : TS-1447-HC-2018(DEL)-TP
  • Tax Payer : Beam Global Spirits & Wine India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Rejects foreign-AE as ‘tested-party’ for benchmarking intra-group services; Accepts 0.5% as royalty ALP

Mar 08, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-124-ITAT-2019(PUN)-TP
  • Tax Payer : Carraro India Private Limited
High Court

HC:Dismisses Revenue’s appeal; Confirms TP-adjustment deletion on seconded employees’ salary reimbursement

Mar 08, 2019
  • In Favour of Assessee
  • Citation Number : TS-123-HC-2019(DEL)-TP
  • Tax Payer : Blue Scope Steel India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on valuation of Indian-company shares sold/purchased by NRs; Rejects non-discrimination defense

Mar 07, 2019
  • In Favour of Assessee
  • Citation Number : TS-122-ITAT-2019(DEL)-TP
  • Tax Payer : Technip Italy S.P.A
Income tax Appellate Tribunal

ITAT: Upholds 6 commission to AE at ALP considering e-mail exchanges demonstrate service receipt

Mar 07, 2019
  • In Favour of Assessee
  • Citation Number : TS-121-ITAT-2019(PUN)-TP
  • Tax Payer : Tata Technologies Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on machinery import; Considers customs authorities acceptance of import-price

Mar 07, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1446-ITAT-2018(DEL)-TP
  • Tax Payer : Fresenius Kabi Oncology Ltd (earlier known as M/s Dabur Pharma Ltd.)
Income tax Appellate Tribunal

ITAT: Rejects ad-hoc disallowance of intra-group services when cost-allocation certified by independent accountant

Mar 07, 2019
  • In Favour of Assessee
  • Citation Number : TS-120-ITAT-2019(Mum)-TP
  • Tax Payer : Abbott Healthcare Private Limited
High Court

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

Mar 07, 2019
  • In Favour of Revenue
  • Citation Number : TS-1445-HC-2018(KAR)-TP
  • Tax Payer : SAP India Private Limited
Income tax Appellate Tribunal

ITAT: Remits intra-group services TP-adjustment; Directs assessee to establish service receipt

Mar 06, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-119-ITAT-2019(PUN)-TP
  • Tax Payer : Aquatech Systems (Asia) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-addition; Management Services Unit charges distinct from support services

Mar 06, 2019
  • In Favour of Assessee
  • Citation Number : TS-1444-ITAT-2018(DEL)-TP
  • Tax Payer : B G India Energy Solutions P Ltd
Income tax Appellate Tribunal

ITAT: Determines 1 as guarantee-fee ALP, LIBOR+300 bps interest benchmark for AE-loan; Follows earlier-order

Mar 06, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1443-ITAT-2018(DEL)-TP
  • Tax Payer : Fresenius Kabi Oncology Ltd (earlier known as M/s Dabur Pharma Ltd.)
Income tax Appellate Tribunal

ITAT: Rejects TPO's CUP for sale transaction absent quantum, trade-relationship analysis; Upholds TNMM

Mar 06, 2019
  • In Favour of Assessee
  • Citation Number : TS-1442-ITAT-2018(Ahd)-TP
  • Tax Payer : Dishman Pharmaceuticals & Chemicals Ltd
Income tax Appellate Tribunal

ITAT: Upholds aggregation of transactions in trading-segment under TNMM, considers subsequent year’s approach

Mar 05, 2019
  • In Favour of Assessee
  • Citation Number : TS-118-ITAT-2019(PUN)-TP
  • Tax Payer : Endress+Hauser Flowtec (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for investment-advisor; Rejects export-filter absent assessee’s activities outside India

Mar 05, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-117-ITAT-2019(Mum)-TP
  • Tax Payer : Carlyle India Advisors Private Limited
High Court

HC:HDFC Bank’s non-convertible debentures purchase from domestic group-entity not SDT u/s 40A(2)(b); Follows earlier-order

Mar 05, 2019
  • In Favour of Assessee
  • Citation Number : TS-1441-HC-2018(BOM)-TP
  • Tax Payer : HDFC Bank Ltd
Income tax Appellate Tribunal

ITAT: Dismisses MP as liberty to revive appeals, if issues unresolved by MAP, granted

Mar 05, 2019
  • In Favour of Revenue
  • Citation Number : TS-116-ITAT-2019(Bang)-TP
  • Tax Payer : Molex India Ltd