Rulings ( 11633 results )

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Income tax Appellate Tribunal

ITAT: Timex-India’s AMP-expenses not for AE-brand promotion, considers 87 turnover from India-sales

Jan 14, 2019
  • In Favour of Assessee
  • Citation Number : TS-1366-ITAT-2018(DEL)-TP
  • Tax Payer : Timex Group India Limited
High Court

HC: Allows writ; ITAT erred in remitting ALP-determination, without characterizing distribution fees

Jan 11, 2019
  • In Favour of Assessee
  • Citation Number : TS-5-HC-2019(BOM)-TP
  • Tax Payer : Sony Pictures Networks India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Considers ITeS-provider’s different FAR plea; Remits comparables selection issue

Jan 11, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1365-ITAT-2018(Mum)-TP
  • Tax Payer : Monsanto Holdings P Ltd
Income tax Appellate Tribunal

ITAT:Upholds Sec 263-order; Absence of mandatory TPO-reference renders Sec.143(3) order erroneous and prejudicial

Jan 11, 2019
  • In Favour of Revenue
  • Citation Number : TS-1364-ITAT-2018(Mum)-TP
  • Tax Payer : General Computer Services International
Income tax Appellate Tribunal

ITAT: Confirms S.271G-penalty deletion considering difficulty in information submission for diamond merchants

Jan 11, 2019
  • In Favour of Assessee
  • Citation Number : TS-1363-ITAT-2018(Mum)-TP
  • Tax Payer : Laxmi Diamond P Ltd
Income tax Appellate Tribunal

ITAT: Directs separate and independent benchmarking of trading and manufacturing activities; Remits issue

Jan 11, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1362-ITAT-2018(PUN)-TP
  • Tax Payer : Stauff India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 7 comparables for ITeS-provider citing functional dissimilarity, significant brand value etc.

Jan 10, 2019
  • In Favour of Assessee
  • Citation Number : TS-4-ITAT-2019(HYD)-TP
  • Tax Payer : TNS India Private Ltd
Income tax Appellate Tribunal

ITAT: Restricts corporate guarantee fee ALP at 0.5%; Follows earlier-order

Jan 10, 2019
  • In Favour of Assessee
  • Citation Number : TS-3-ITAT-2019(Mum)-TP
  • Tax Payer : Cox & Kings Limited
Income tax Appellate Tribunal

ITAT: Excludes Genesys-International; Presence of intangibles indicative that company isn’t into software development

Jan 10, 2019
  • In Favour of Assessee
  • Citation Number : TS-1361-ITAT-2018(Bang)-TP
  • Tax Payer : Evolving Systems Network India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits Readers Digest AMP-adjustment citing different product promotion mechanism

Jan 10, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1360-ITAT-2018(DEL)-TP
  • Tax Payer : Readers Digest Book and Home Entertainment India (P) Ltd
Income tax Appellate Tribunal

ITAT: Wrong nomenclature of PLI doesn’t affect MAM-selection; Upholds CPM for services sale-purchase

Jan 10, 2019
  • In Favour of Assessee
  • Citation Number : TS-1359-ITAT-2018(Kol)-TP
  • Tax Payer : R.S. Software (India) Ltd
Income tax Appellate Tribunal

ITAT:Bad debt Provision though operating, not deductible if unrelated to relevant year turnover

Jan 10, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1358-ITAT-2018(Bang)-TP
  • Tax Payer : Marvell India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows miscellaneous petition; Recalls Tribunal order to decide ground regarding royalty adjustment

Jan 10, 2019
  • In Favour of Assessee
  • Citation Number : TS-1357-ITAT-2018(Ahd)-TP
  • Tax Payer : General Motors India Pvt. Ltd
Income tax Appellate Tribunal

ITAT:Directs re-determination of AMP-expenses ALP by following ITAT-directions in first appeal round

Jan 10, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1355-ITAT-2018(CHANDI)-TP
  • Tax Payer : GlaxoSmithKline Consumer Healthcare Ltd
Income tax Appellate Tribunal

ITAT:Directs margin re-computation using only audited segmental results of AE-transactions

Jan 10, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1354-ITAT-2018(HYD)-TP
  • Tax Payer : eBizNET Solutions Private Limited
Income tax Appellate Tribunal

ITAT:Outstanding AE-receivables liable to ALP-adjustment, borrowed funds usage irrelevant; Distinguishes Bechtel-India ruling

Jan 10, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1353-ITAT-2018(Bang)-TP
  • Tax Payer : Naunce Transcription Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects re-characterisation of outstanding AE-receivable as loan; Deletes TP-addition following Kusum Healthcare

Jan 10, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1351-ITAT-2018(DEL)-TP
  • Tax Payer : Transfer Pricing Audit and Dispute Resolution Landscape
Income tax Appellate Tribunal

ITAT:TP-adjustment cannot be included in book-profits u/s 115JB; Rules on comparables

Jan 10, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1349-ITAT-2018(Kol)-TP
  • Tax Payer : Nomura Research Institute Financial Tech (I) Pvt Ltd (formerly Anshin Software Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT:Directs ALP re-determination of CCA preferring CUP over TNMM; Follows earlier-orders

Jan 10, 2019
  • In Favour of Assessee
  • Citation Number : TS-1344-ITAT-2018(DEL)-TP
  • Tax Payer : Atotech India Limited
Income tax Appellate Tribunal

ITAT:Dismisses assessee’s MP; No mistake in following Chryscapital over Pentair HC-ruling

Jan 10, 2019
  • In Favour of Revenue
  • Citation Number : TS-1341-ITAT-2018(Bang)-TP
  • Tax Payer : Robert Bosch Engineering & Business Solutions P Ltd (Formerly known as Robert Bosch Engineering and Business Solutions Ltd)