Rulings ( 11633 results )
Income tax Appellate Tribunal
ITAT:Accepts assessee’s TNMM for benchmarking sale transaction; Deletes TP-adjustment & consequent Sec. 271AA-penalty
Feb 04, 2019
- In Favour of Assessee
- Citation Number : TS-1403-ITAT-2018(DEL)-TP
- Tax Payer : Mahashian Di Hatti Ltd
Income tax Appellate Tribunal
ITAT: Deletes L’Oreal’s AMP-adjustment absent agreement to share/reimburse AMP-expenses with AE
Feb 04, 2019
- In Favour of Both, Partially
- Citation Number : TS-34-ITAT-2019(Mum)-TP
- Tax Payer : L’Oreal India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Deletes AMP-adjustment on protective basis, BLT unsustainable; Follows Sony HC-ruling
Feb 04, 2019
- In Favour of Both, Partially
- Citation Number : TS-33-ITAT-2019(DEL)-TP
- Tax Payer : Casio India Company Pvt Ltd
Income tax Appellate Tribunal
ITAT: Upholds CIT(A)-order adopting TNMM for benchmarking sale transaction; Follows earlier-order
Jan 31, 2019
- In Favour of Assessee
- Citation Number : TS-1402-ITAT-2018(Mum)-TP
- Tax Payer : Garware Polyster Ltd
Income tax Appellate Tribunal
ITAT: Rejects Accentia, E-clerx, Mold-Tech and Acropetal for ITeS-provider; Follows precedents
Jan 31, 2019
- In Favour of Assessee
- Citation Number : TS-32-ITAT-2019(Mum)-TP
- Tax Payer : Capital India Private Ltd
Income tax Appellate Tribunal
ITAT: Upholds intra-group services TP-adjustment citing failure to demonstrate service receipt; Distinguishes Cushman & Wakefield
Jan 31, 2019
- In Favour of Revenue
- Citation Number : TS-31-ITAT-2019(Bang)-TP
- Tax Payer : DRHL India Services P Ltd
Income tax Appellate Tribunal
ITAT:Deletes AMP-adjustment; BMW India’s AMP-expense for its sales promotion, not AE brand promotion
Jan 30, 2019
- In Favour of Both, Partially
- Citation Number : TS-30-ITAT-2019(DEL)-TP
- Tax Payer : BMW India Private Ltd
Income tax Appellate Tribunal
ITAT: Accepts assessee’s price under software-distribution segment as ALP, rejects TPO’s cost reallocation
Jan 30, 2019
- In Favour of Assessee
- Citation Number : TS-29-ITAT-2019(PUN)-TP
- Tax Payer : Triple Point Technology (India) Pvt Ltd
Income tax Appellate Tribunal
ITAT: Remits issue of aggregation/segregation of software trading and development segments for Siemens-Industry
Jan 30, 2019
- In Favour of Both, Partially
- Citation Number : TS-28-ITAT-2019(DEL)-TP
- Tax Payer : Siemens Industry Software (India) Pvt Ltd (Formerly known as Product Lifecycle Management Software (India) Pvt Ltd)
Income tax Appellate Tribunal
ITAT: Applies margin under US/Canada MAP to transactions with UK/Australia AEs; Follows precedents
Jan 29, 2019
- In Favour of Assessee
- Citation Number : TS-27-ITAT-2019(Bang)-TP
- Tax Payer : Textron India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rejects Sec 92C second-proviso applicability to assessment order passed before 01/10/2009; Remits MAM-selection
Jan 29, 2019
- In Favour of Both, Partially
- Citation Number : TS-26-ITAT-2019(Bang)-TP
- Tax Payer : TE Connectivity India Pvt
Income tax Appellate Tribunal
ITAT: Directs benchmarking of guarantee commission at 1% of outstanding guarantee; Follows earlier years order
Jan 29, 2019
- In Favour of Both, Partially
- Citation Number : TS-1401-ITAT-2018(Kol)-TP
- Tax Payer : National Engineering Industries Ltd
Income tax Appellate Tribunal
ITAT: Remits TP-adjustment for de-novo consideration to examine assessee manufacturer’s documentary evidence
Jan 28, 2019
- In Favour of Assessee
- Citation Number : TS-1400-ITAT-2018(CHNY)-TP
- Tax Payer : L G Balakrishnan & Bros Limited
Income tax Appellate Tribunal
ITAT:Upholds LIBOR for benchmarking foreign-currency AE-loans; Holds corporate guarantee not 'international transaction'
Jan 28, 2019
- In Favour of Assessee
- Citation Number : TS-1399-ITAT-2018(Kol)-TP
- Tax Payer : Rohit Ferro Tech Ltd
Income tax Appellate Tribunal
ITAT:Rejects Whirlpool’s AMP-adjustment made applying BLT; Discards Revenue’s reliance on BEPS Actions 8-10
Jan 28, 2019
- In Favour of Both, Partially
- Citation Number : TS-25-ITAT-2019(DEL)-TP
- Tax Payer : Whirlpool of India Ltd
High Court
HC:Upholds ITAT-order on comparables & treatment of additional interest on AE's margin-money
Jan 28, 2019
- In Favour of Assessee
- Citation Number : TS-24-HC-2019(BOM)-TP
- Tax Payer : J P Morgan India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Restricts guarantee-fee ALP to 0.9%; Adopts LIBOR for benchmarking interest on AE-loan
Jan 25, 2019
- In Favour of Assessee
- Citation Number : TS-1397-ITAT-2018(Mum)-TP
- Tax Payer : Technocraft Industries (India) Ltd
Income tax Appellate Tribunal
ITAT: Rules on comparables selection for Conexant Systems; Follows various rulings
Jan 25, 2019
- In Favour of Both, Partially
- Citation Number : TS-1396-ITAT-2018(HYD)-TP
- Tax Payer : Conexant Systems Pvt Ltd
Supreme Court
SC:Sets-aside HC-order deleting consultancy charges TP-adjustment absent independent evaluation of Revenue’s case
Jan 24, 2019
- In Favour of Both, Partially
- Citation Number : TS-21-SC-2019-TP
- Tax Payer : Reliance Industries Ltd
High Court
HC: Upholds ITAT-order invalidating final assessment-order passed without draft order post-remand; Follows precedent
Jan 24, 2019
- In Favour of Assessee
- Citation Number : TS-1395-HC-2018(DEL)-TP
- Tax Payer : NT BACK OFFICE SERVICES PVT LTD (EARLIER KNOWN AS GLOBERIAN INDIA PVT. LTD.)