Rulings ( 11633 results )

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Income tax Appellate Tribunal

ITAT: Allows personnel cost, capacity adjustment; Deletes TP-adjustment as adjusted margin within +/-5% range

Jan 10, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1337-ITAT-2018(PUN)-TP
  • Tax Payer : Amdocs Development Centre India LLP (Formerly known as Amdocs Development Centre India Private Limited which was the legal succ
Income tax Appellate Tribunal

ITAT: Rules on comparables for ITeS-provider; Holds TPO’s lower turnover-filter application as ‘cherry picking’

Jan 10, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1335-ITAT-2018(DEL)-TP
  • Tax Payer : XL India Business Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs application of TNMM for intra-group services for mineral-oil explorer; Follows earlier order

Jan 10, 2019
  • In Favour of Assessee
  • Citation Number : TS-1333-ITAT-2018(DEL)-TP
  • Tax Payer : BG Exploration & Production India Limited
Income tax Appellate Tribunal

ITAT: Rejects assessee’s RPM as alternative TP-method, if transaction not at ALP under TNMM

Jan 09, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1331-ITAT-2018(Bang)-TP
  • Tax Payer : Arcot R&D Software Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adopts LIBOR+200bps as interest free AE-advances ALP; Corporate guarantee, international transaction, post-2012

Jan 09, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1330-ITAT-2018(HYD)-TP
  • Tax Payer : BS Ltd
Income tax Appellate Tribunal

ITAT: Forex-gains operating item, rejects Revenue’s Safe Harbour Rules reliance; Rules on comparables

Jan 09, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1329-ITAT-2018(DEL)-TP
  • Tax Payer : Vaildor Capital India Pvt Ltd
High Court

HC:Upholds PE-constitution for 24 GE Group entities, affirms 26 profit-attribution for ‘marketing’ activity

Jan 09, 2019
  • In Favour of Revenue
  • Citation Number : TS-1328-HC-2018(DEL)-TP
  • Tax Payer : GE Energy Parts Inc
Income tax Appellate Tribunal

ITAT:Sets aside DRP’s ex-parte order absent sufficient hearing opportunity provided to assessee

Jan 08, 2019
  • In Favour of Assessee
  • Citation Number : TS-1327-ITAT-2018(Bang)-TP
  • Tax Payer : WEG Industries (India) Pvt. Ltd
Income tax Appellate Tribunal

ITAT:Hedging-loss on derivative contract, not international transaction, but can be disallowed u/s 37

Jan 08, 2019
  • In Favour of Assessee
  • Citation Number : TS-1326-ITAT-2018(Mum)-TP
  • Tax Payer : Aries Agro Ltd
Income tax Appellate Tribunal

ITAT: Excludes 6 comparables for software-developer; Directs grant of working-capital adjustment on actuals

Jan 08, 2019
  • In Favour of Assessee
  • Citation Number : TS-1325-ITAT-2018(Bang)-TP
  • Tax Payer : Salesforce.com India P Ltd
Income tax Appellate Tribunal

ITAT: Quashes AO’s final-order passed without incorporating DRP's directions; Distinguishes H & M Hennes & Mauritz ruling

Jan 07, 2019
  • In Favour of Assessee
  • Citation Number : TS-1324-ITAT-2018(Bang)-TP
  • Tax Payer : Flextronics Technologies (India) Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparable selection for software-developer; Excludes Bodhtree owing to drastic profit-variation

Jan 07, 2019
  • In Favour of Assessee
  • Citation Number : TS-1323-ITAT-2018(Bang)-TP
  • Tax Payer : Electronics for Imaging India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Applies 10 times turnover range to exclude 3 comparables; Follows Acusis HC-ruling

Jan 07, 2019
  • In Favour of Assessee
  • Citation Number : TS-2-ITAT-2019(Bang)-TP
  • Tax Payer : Dell International Services India Private Limited (for the merged entity Wyse Technology Software Development India Private Li
Income tax Appellate Tribunal

ITAT: Minor difference in assessee & TPO’s ALP, not basis for Sec 271(1)(c)-penalty levy

Jan 04, 2019
  • In Favour of Assessee
  • Citation Number : TS-1322-ITAT-2018(JPR)-TP
  • Tax Payer : Vaibhav Global Ltd (Earlier known as Vaibhav Gems Ltd.)
Income tax Appellate Tribunal

ITAT: Includes ICRA Management Consultancy as comparable for investment advisor; Follows earlier-order

Jan 04, 2019
  • In Favour of Assessee
  • Citation Number : TS-1321-ITAT-2018(Mum)-TP
  • Tax Payer : TPG Capital India Private Limited (As a successor to TPG Growth Advisors (India) Private Limited)
Income tax Appellate Tribunal

ITAT: Adopts 0.5% as guarantee commission ALP; Follows earlier orders

Jan 04, 2019
  • In Favour of Assessee
  • Citation Number : TS-1-ITAT-2019(Mum)-TP
  • Tax Payer : Apar Industries Limited
Income tax Appellate Tribunal

ITAT:Accepts assessee's Rule 27-Application; AO’s TP-adjustments lack jurisdiction absent mandatory TPO reference

Jan 04, 2019
  • In Favour of Assessee
  • Citation Number : TS-1320-ITAT-2018(PUN)-TP
  • Tax Payer : Magic Software Enterprises India Private Limited
Income tax Appellate Tribunal

ITAT:Excludes Accentia & Cat Technologies for medical transcription service provider; Follows precedents

Jan 03, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1319-ITAT-2018(DEL)-TP
  • Tax Payer : Transcend India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables; Rejects CIT(A)’s denial of working-capital adjustment citing data non-availability

Jan 03, 2019
  • In Favour of Assessee
  • Citation Number : TS-1318-ITAT-2018(Bang)-TP
  • Tax Payer : Huawei Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: No further profit-attribution needed when commission earned from Indian subsidiary at ALP

Jan 03, 2019
  • In Favour of Assessee
  • Citation Number : TS-1317-ITAT-2018(DEL)-TP
  • Tax Payer : ESS Advertising (Mauritius) SNC et Compagnie (Earlier known as ESPN Star Sports Mauritius SNC. ET Compagnie)