Rulings ( 11633 results )

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Income tax Appellate Tribunal

ITAT: Accepts assessee’s interest-payment to domestic holding company as at ALP; Deletes TP-adjustment

Feb 15, 2019
  • In Favour of Assessee
  • Citation Number : TS-69-ITAT-2019(Mum)-TP
  • Tax Payer : DLF Infopark (Pune) Limited
Income tax Appellate Tribunal

ITAT: Upholds DRP’s exclusion of Acropetal and Jeevan Scientific Technology for ITeS provider

Feb 15, 2019
  • In Favour of Assessee
  • Citation Number : TS-68-ITAT-2019(Bang)-TP
  • Tax Payer : C-Cube Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT:Quashes assessment order passed in name of non-existent amalgamated entity; Follows precedents

Feb 15, 2019
  • In Favour of Assessee
  • Citation Number : TS-67-ITAT-2019(DEL)-TP
  • Tax Payer : Vedanta Ltd [Successor to Cairn India Ltd]
High Court

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

Feb 15, 2019
  • In Favour of Revenue
  • Citation Number : TS-1436-HC-2018(KAR)-TP
  • Tax Payer : WINPHORIA NETWORKS INDIA PVT. LTD., (SINCE MERGED WITH MOTOROLA INDIA PVT LTD.,)
High Court

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

Feb 15, 2019
  • In Favour of Revenue
  • Citation Number : TS-1435-HC-2018(KAR)-TP
  • Tax Payer : Marvel India Pvt Ltd
High Court

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

Feb 15, 2019
  • In Favour of Revenue
  • Citation Number : TS-1434-HC-2018(KAR)-TP
  • Tax Payer : CERNER HEALTHCARE SOLUTIONS PVT LTD
High Court

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

Feb 15, 2019
  • In Favour of Revenue
  • Citation Number : TS-1433-HC-2018(KAR)-TP
  • Tax Payer : Business Process Outsourcing (India) Pvt Ltd
High Court

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

Feb 15, 2019
  • In Favour of Revenue
  • Citation Number : TS-1432-HC-2018(KAR)-TP
  • Tax Payer : THOUGHT WORKS TECHNOLOGIES INDIA PRIVATE LIMITED
High Court

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

Feb 15, 2019
  • In Favour of Revenue
  • Citation Number : TS-1431-HC-2018(KAR)-TP
  • Tax Payer : THOUGHT WORKS TECHNOLOGIES INDIA PRIVATE LIMITED
High Court

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

Feb 15, 2019
  • In Favour of Assessee
  • Citation Number : TS-1430-HC-2018(KAR)-TP
  • Tax Payer : Sunquest Information Systems (India) Private Limited
High Court

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

Feb 15, 2019
  • In Favour of Revenue
  • Citation Number : TS-1429-HC-2018(KAR)-TP
  • Tax Payer : MICROCHIP TECHNOLOGY (INDIA) PRIVATE LIMITED
High Court

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

Feb 15, 2019
  • In Favour of Revenue
  • Citation Number : TS-1428-HC-2018(KAR)-TP
  • Tax Payer : LUWA INDIA PRIVATE LIMITED
Supreme Court

SC: Dismisses Revenue's SLP; HC found no question of law arising on comparable issue

Feb 13, 2019
  • In Favour of Assessee
  • Citation Number : TS-66-SC-2019-TP
  • Tax Payer : SAIPEM INDIA PROJECT LIMITED
High Court

HC: Upholds TP-adjustment deletion on preference-shares investment; Accepts 1% as corporate guarantee ALP

Feb 13, 2019
  • In Favour of Assessee
  • Citation Number : TS-65-HC-2019(BOM)-TP
  • Tax Payer : Aegis Limited
High Court

HC: Comparables selection does not involve ‘question of law’ unless Tribunal approach unreasonable

Feb 13, 2019
  • In Favour of Assessee
  • Citation Number : TS-64-HC-2019(DEL)-TP
  • Tax Payer : D E SHAW INDIA ADVISORY SERVICES P LTD
Income tax Appellate Tribunal

ITAT:Confirms TP-adjustment deletion on re-characterization of outbound share-investment into loan; Follows precedent

Feb 13, 2019
  • In Favour of Assessee
  • Citation Number : TS-63-ITAT-2019(Mum)-TP
  • Tax Payer : Topsgroup Electronic Systems Ltd
High Court

HC:Directs ITAT to examine AMP-issue rather than mechanically remitting matter to TPO

Feb 13, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-62-HC-2019(DEL)-TP
  • Tax Payer : Bose Corporation India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects time-barred miscellaneous petition, non-finalization of counsel not reasonable cause

Feb 12, 2019
  • In Favour of Revenue
  • Citation Number : TS-60-ITAT-2019(Bang)-TP
  • Tax Payer : Karuturi Global Ltd
Income tax Appellate Tribunal

ITAT: Excludes channel owners, includes software distributors as comparables for TV channel-distributor; Follows precedents

Feb 12, 2019
  • In Favour of Assessee
  • Citation Number : TS-59-ITAT-2019(DEL)-TP
  • Tax Payer : Turner International India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts foreign-AE as tested party for IT/ITeS provider; Follows earlier-order

Feb 12, 2019
  • In Favour of Assessee
  • Citation Number : TS-58-ITAT-2019(CHANDI)-TP
  • Tax Payer : IDS Infotech Ltd