Rulings ( 11633 results )
High Court
HC: Admits appeal against inclusion of 2 comparables for manufacturer-assessee
Jan 24, 2019
- In Favour of Revenue
- Citation Number : TS-1394-HC-2018(GUJ)-TP
- Tax Payer : BUNDY INDIA LIMITED
High Court
HC: Dismisses Revenue’s appeal; Discusses principles on ‘substantial question of law’ for comparables-selection
Jan 24, 2019
- In Favour of Assessee
- Citation Number : TS-1393-HC-2018(MAD)-TP
- Tax Payer : Saipem India Projects Limited
Income tax Appellate Tribunal
ITAT: Rules on comparables for IT/ ITeS provider; Includes Infosys-BPO absent acquisition impacting profitability
Jan 24, 2019
- In Favour of Both, Partially
- Citation Number : TS-1392-ITAT-2018(Bang)-TP
- Tax Payer : CGI Information Systems and Management Consultants Pvt Ltd
High Court
HC: Upholds ITAT-order deleting corporate guarantee TP-adjustment; Follows earlier-order
Jan 22, 2019
- In Favour of Assessee
- Citation Number : TS-1391-HC-2018(BOM)-TP
- Tax Payer : Glenmark Pharmaceuticals Ltd
Income tax Appellate Tribunal
ITAT: Outstanding AE-receivables part of software-development services to AE; Separate ALP-determination not warranted
Jan 22, 2019
- In Favour of Both, Partially
- Citation Number : TS-1390-ITAT-2018(Bang)-TP
- Tax Payer : Sunquest Information Systems (India) Pvt. Ltd
High Court
HC: Expresses doubt on ITAT invoking TP-mechanism absent AO’s directions while deciding Sec 36(1)(iii)-interest allowability
Jan 22, 2019
- In Favour of Both, Partially
- Citation Number : TS-20-HC-2019(BOM)-TP
- Tax Payer : Piramal Glass Pvt Ltd
Income tax Appellate Tribunal
ITAT: Directs fresh benchmarking for software-services applying subsequent year’s scientifically correct methodology
Jan 22, 2019
- In Favour of Both, Partially
- Citation Number : TS-19-ITAT-2019(Bang)-TP
- Tax Payer : Synova Innovative Technologies Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Allows technical-fees as revenue expenditure; Rejects Nil-ALP citing 'commensurate with income' test failure
Jan 21, 2019
- In Favour of Assessee
- Citation Number : TS-18-ITAT-2019(DEL)-TP
- Tax Payer : Michelin India Tyres Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustment sans prescribed method application; Upholds assessee's TNMM for intra-group services
Jan 21, 2019
- In Favour of Assessee
- Citation Number : TS-17-ITAT-2019(Mum)-TP
- Tax Payer : CLSA India Private Ltd
Income tax Appellate Tribunal
ITAT: Confines TP-adjustment only to international transactions with AEs; Follows jurisdictional HC-rulings
Jan 21, 2019
- In Favour of Assessee
- Citation Number : TS-16-ITAT-2019(Mum)-TP
- Tax Payer : Damco India Private Limited
Income tax Appellate Tribunal
ITAT: Deletes AMP-adjustment for confectionary manufacturer; Follows earlier orders
Jan 21, 2019
- In Favour of Assessee
- Citation Number : TS-15-ITAT-2019(DEL)-TP
- Tax Payer : Wrigley India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Restores adjustment on AE-receivables; Adopts LIBOR+ markup & 0.5% as AE-loan & guarantee ALP
Jan 21, 2019
- In Favour of Assessee
- Citation Number : TS-1123-ITAT-2017(Mum)-TP
- Tax Payer : Piramal Glass Ltd (earlier known as ‘Gujarat Glass Pvt Ltd’)
Income tax Appellate Tribunal
ITAT:LG India economic owner of brand LG; Deletes AMP adjustment rejecting ‘international transaction’ plea
Jan 18, 2019
- In Favour of Both, Partially
- Citation Number : TS-14-ITAT-2019(DEL)-TP
- Tax Payer : L.G. Electronics India Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Deletes Sony-India’s AMP-adjustment; MA pendency against Sony-Ericsson ruling insufficient for contrary view
Jan 18, 2019
- In Favour of Assessee
- Citation Number : TS-13-ITAT-2019(DEL)-TP
- Tax Payer : Sony India Pvt Ltd
Income tax Appellate Tribunal
ITAT:Remits comparables issue for ornamental-trimmings manufacturer, directs selection of similar product companies
Jan 18, 2019
- In Favour of Both, Partially
- Citation Number : TS-12-ITAT-2019(CHNY)-TP
- Tax Payer : India Trimmings P Ltd
Income tax Appellate Tribunal
ITAT: Comparables chosen in previous years cannot be “whimsically rejected” absent functional profile change
Jan 18, 2019
- In Favour of Assessee
- Citation Number : TS-1388-ITAT-2018(Mum)-TP
- Tax Payer : Basell Polyolefins India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Dismisses Revenue’s appeal on comparables selection issue in view of APA resolution
Jan 18, 2019
- In Favour of Assessee
- Citation Number : TS-1387-ITAT-2018(Bang)-TP
- Tax Payer : Fair Issac India Software Pvt Ltd
Income tax Appellate Tribunal
ITAT:Accepts RPM for retail trader at airports’ duty free shops; Follows earlier-order
Jan 18, 2019
- In Favour of Assessee
- Citation Number : TS-11-ITAT-2019(Mum)-TP
- Tax Payer : Airport Retail P Ltd (Formerly Known as M/s. Alpha Future Airport Retail P. Ltd.)
Income tax Appellate Tribunal
ITAT: Remits comparables for engineering design service-provider; Dismisses Revenue’s appeal citing low tax-effect
Jan 18, 2019
- In Favour of Assessee
- Citation Number : TS-1386-ITAT-2018(PUN)-TP
- Tax Payer : Carraro Technologies India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Excludes TCS e-Serve citing high turnover; Follows jurisdictional HC-ruling in Pentair over Chryscapital
Jan 17, 2019
- In Favour of Assessee
- Citation Number : TS-1385-ITAT-2018(Mum)-TP
- Tax Payer : Integreon Managed Solutions (India) Pvt. Ltd