Rulings ( 11633 results )

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Income tax Appellate Tribunal

ITAT: Remits TP-adjustment for denovo adjudication citing non-consideration of assessee’s comparables

Feb 12, 2019
  • In Favour of Assessee
  • Citation Number : TS-57-ITAT-2019(Mum)-TP
  • Tax Payer : Hettich Competence Services Private Limited
High Court

HC: Upholds TNMM over CUP for benchmarking AE-exports & sales commission; Follows earlier-orders

Feb 11, 2019
  • In Favour of Assessee
  • Citation Number : TS-56-HC-2019(BOM)-TP
  • Tax Payer : Amphenol Interconnect India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds bad/doubtful-debts provisions, operating item, Directs no negative working-capital adjustment for ITeS-provider

Feb 11, 2019
  • In Favour of Assessee
  • Citation Number : TS-55-ITAT-2019(HYD)-TP
  • Tax Payer : Harsco India Services Private Limited
High Court

HC:Quashes reopening beyond 4 years, cites complete disclosure of international transactions by assessee

Feb 11, 2019
  • In Favour of Assessee
  • Citation Number : TS-1427-HC-2018(GUJ)-TP
  • Tax Payer : TUDOR INDIA PVT LTD
Income tax Appellate Tribunal

ITAT: Excludes Bodhtree, Infosys, Persistent & Tata-Elxsi citing functional dissimilarity to software-developer

Feb 11, 2019
  • In Favour of Assessee
  • Citation Number : TS-54-ITAT-2019(Bang)-TP
  • Tax Payer : Toshiba Software India Private Limited
Income tax Appellate Tribunal

ITAT:Rules on comparables for software-developer; Remits various adjustments under SIM-card assembly segment

Feb 07, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1426-ITAT-2018(DEL)-TP
  • Tax Payer : Giesecke & Devrient India Pvt. Ltd
Income tax Appellate Tribunal

ITAT:Upholds exclusion of Infosys Technologies citing high turnover, functional dissimilarity; Follows precedents

Feb 07, 2019
  • In Favour of Assessee
  • Citation Number : TS-53-ITAT-2019(HYD)-TP
  • Tax Payer : Virtusa (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs selection of different comparables for manufacture & sale; Remits ALP-determination

Feb 07, 2019
  • In Favour of Assessee
  • Citation Number : TS-52-ITAT-2019(HYD)-TP
  • Tax Payer : Tecumseh Products India Private Limited
Income tax Appellate Tribunal

ITAT:Directs consideration of average collection period for TP-adjustment on outstanding AE-receivables

Feb 07, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-51-ITAT-2019(HYD)-TP
  • Tax Payer : Netcracker Technology Solutions (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Applies Rs.1-200cr turnover-filter, rejects companies without current-year data during IT-provider’s comparables selection

Feb 07, 2019
  • In Favour of Assessee
  • Citation Number : TS-50-ITAT-2019(DEL)-TP
  • Tax Payer : Contata Solutions Pvt Ltd
Supreme Court

SC: Dismisses McKinsey India’s SLP; HC upheld its research & information service characterization as KPO

Feb 07, 2019
  • In Favour of Revenue
  • Citation Number : TS-49-SC-2019-TP
  • Tax Payer : Mckinsey Knowledge Centre India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds write-back of gratuity/ leave-entitlement provisions, operating item; Remits comparables for ITeS-provider

Feb 06, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-48-ITAT-2019(PUN)-TP
  • Tax Payer : Cummins Turbo Technologies Limited
High Court

HC:Partially allows assessee’s writ; Cites ITAT’s non-application of mind while rejecting stay

Feb 06, 2019
  • In Favour of Assessee
  • Citation Number : TS-1425-HC-2018(KAR)-TP
  • Tax Payer : Rittal India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Excludes 8 comparables for ITeS provider; Follows Pole-to-Win over TESCO Hindustan ruling

Feb 06, 2019
  • In Favour of Assessee
  • Citation Number : TS-47-ITAT-2019(Bang)-TP
  • Tax Payer : IHS Global P. Ltd, (formerly IHS Parts Management P. Ltd)
Income tax Appellate Tribunal

ITAT:Quashes final assessment order passed sans draft order post-remand; Follows Lionbridge HC-ruling

Feb 05, 2019
  • In Favour of Assessee
  • Citation Number : TS-42-ITAT-2019(PUN)-TP
  • Tax Payer : Brintons Carpets Asia Private Limited
Income tax Appellate Tribunal

ITAT:Grants Lehman Brothers another chance to justify its adoption of PSM; Follows precedent

Feb 05, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-39-ITAT-2019(Mum)-TP
  • Tax Payer : Lehman Brothers Securities Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables-selection; Stresses on independent evaluation of comparables and FAR-analysis

Feb 05, 2019
  • In Favour of Assessee
  • Citation Number : TS-38-ITAT-2019(DEL)-TP
  • Tax Payer : Fluor Daniel India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s appeal withdrawal considering resolution of TP-issues under Bilateral-APA

Feb 05, 2019
  • In Favour of Assessee
  • Citation Number : TS-37-ITAT-2019(Bang)-TP
  • Tax Payer : ANZ Support Services India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes secondary adjustment on business-sale to AE; Follows earlier orders

Feb 05, 2019
  • In Favour of Assessee
  • Citation Number : TS-36-ITAT-2019(Mum)-TP
  • Tax Payer : Prudential Process Management Services India Private Limited
Income tax Appellate Tribunal

ITAT:Deletes Sec 271(1)(c)-penalty; Considers law on multiple year data use pre-2007, debatable issue

Feb 04, 2019
  • In Favour of Assessee
  • Citation Number : TS-35-ITAT-2019(DEL)-TP
  • Tax Payer : Giesecke & Devrient India Pvt Ltd