Rulings ( 11623 results )

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High Court

HC: TP-provisions inapplicable to outbound share investment; Leaves Sec 56(2)(viib) impact open for post-amendment period

Mar 04, 2019
  • In Favour of Assessee
  • Citation Number : TS-115-HC-2019(BOM)-TP
  • Tax Payer : PMP Auto Components Pvt Ltd
High Court

HC:Confirms ITAT-order deleting TP-adjustment on outbound share investment; Upholds Vodafone ratio application

Mar 04, 2019
  • In Favour of Assessee
  • Citation Number : TS-114-HC-2019(BOM)-TP
  • Tax Payer : Tops Group Electronics Systems Ltd
Income tax Appellate Tribunal

ITAT: No separate adjustment on AE-receivables required when working capital adjustment granted

Mar 01, 2019
  • In Favour of Assessee
  • Citation Number : TS-113-ITAT-2019(DEL)-TP
  • Tax Payer : Teradata India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects Kerala State Industrial Corp for ground, passenger handling service provider

Mar 01, 2019
  • In Favour of Assessee
  • Citation Number : TS-112-ITAT-2019(DEL)-TP
  • Tax Payer : Globe Ground India Pvt. Ltd
Income tax Appellate Tribunal

ITAT:Remits comparable selection for lubricant additives manufacturer, citing variation in industry, products etc.

Mar 01, 2019
  • In Favour of Assessee
  • Citation Number : TS-111-ITAT-2019(CHNY)-TP
  • Tax Payer : Indian Additives Ltd
Income tax Appellate Tribunal

ITAT:Finance cost exclusion from margins no reason to deny separate working-capital adjustment

Mar 01, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-110-ITAT-2019(Bang)-TP
  • Tax Payer : Inteva Products India Automotive Pvt Ltd (Meritor LVS India Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Rules on comparables in software, marketing segments; Indenting activity not similar to marketing

Mar 01, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1440-ITAT-2018(Bang)-TP
  • Tax Payer : Autodesk India Private Ltd
Foreign Court

FC: Danish SC deletes TP-adjustment on Microsoft Denmark's marketing activities, holds remuneration at ALP

Mar 01, 2019
  • In Favour of Assessee
  • Citation Number : TS-1248-FC-2019(DEN)-TP
  • Tax Payer : Microsoft Denmark
High Court

HC: Admits Revenues appeal against ITAT’s exclusion of 6 comparables for software developer

Feb 28, 2019
  • In Favour of Revenue
  • Citation Number : TS-109-HC-2019(DEL)-TP
  • Tax Payer : Nokia Siemens Networks India Pvt. Ltd
High Court

HC:Accepts assessee’s 'headcount' based cost allocation for benchmarking online marketing support services

Feb 28, 2019
  • In Favour of Assessee
  • Citation Number : TS-108-HC-2019(DEL)-TP
  • Tax Payer : Fujitsu India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Merchant banker on different footing from investment-advisor, excludes Ladderup following precedents

Feb 28, 2019
  • In Favour of Assessee
  • Citation Number : TS-107-ITAT-2019(Mum)-TP
  • Tax Payer : Guggenheim Capital Management (Asia) Private Limited
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s exclusion of Infosys, Mindtree citing high turnover; Dismisses Revenue’s appeal

Feb 28, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-106-ITAT-2019(PUN)-TP
  • Tax Payer : SAS Research and Development (I) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes Sec 271(1)(c)-penalty; Difference of opinion in comparables selection not concealment of income

Feb 28, 2019
  • In Favour of Assessee
  • Citation Number : TS-105-ITAT-2019(Mum)-TP
  • Tax Payer : QAD India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes high turnover, software testing/ product companies for software developer; Denies capacity adjustment

Feb 28, 2019
  • In Favour of Assessee
  • Citation Number : TS-104-ITAT-2019(Bang)-TP
  • Tax Payer : Trianz Holdinqs Pvt Ltd
Income tax Appellate Tribunal

ITAT:Prefers TNMM over CUP for benchmarking receipt of advisory services; Follows precedents

Feb 27, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-103-ITAT-2019(PUN)-TP
  • Tax Payer : Emerson Climate Technologies (India) Private Limited
Income tax Appellate Tribunal

ITAT:Upholds Rs.1-50cr turnover filter for benchmarking accounting services; Follows rule of consistency

Feb 27, 2019
  • In Favour of Assessee
  • Citation Number : TS-102-ITAT-2019(Ahd)-TP
  • Tax Payer : Doshi Accounting Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes Bausch & Lomb’s AMP-adjustment, intra-group services TP-adjustment; Follows HC-order in own case

Feb 26, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-101-ITAT-2019(DEL)-TP
  • Tax Payer : Bausch & Lomb India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables; Directs uniform application of DRP’s new filters to all comparables

Feb 26, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-100-ITAT-2019(Bang)-TP
  • Tax Payer : Indecomm Global Services India Pvt Ltd (formerly known as IGS Imaging Services India Private Limited)
Income tax Appellate Tribunal

ITAT: Remands 6 comparables to TPO for fresh consideration for software developer

Feb 26, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-99-ITAT-2019(Bang)-TP
  • Tax Payer : Telsima Communications Pvt Ltd
Income tax Appellate Tribunal

ITAT:Recalls Tribunal-order for adjudicating assessee’s claim for exclusion of ICRA-Online

Feb 26, 2019
  • In Favour of Assessee
  • Citation Number : TS-98-ITAT-2019(Bang)-TP
  • Tax Payer : Sitel Operating Corporation India Ltd (since amalgamated with Sitel India Private Limited)