Rulings ( 11633 results )

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Income tax Appellate Tribunal

ITAT:Rules on comparables in software & ITeS segments; Bad debts, forex-fluctuation, operating item

Jan 03, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1316-ITAT-2018(HYD)-TP
  • Tax Payer : Ivy Comptech Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows RPM for distributor-assessee; Rejects exclusion of import-duty from purchase price

Jan 02, 2019
  • In Favour of Both, Partially
  • Citation Number : TS-1315-ITAT-2018(DEL)-TP
  • Tax Payer : GE India Industrial Private Limited
Income tax Appellate Tribunal

ITAT: Upholds TP-adjustment deletion for ITC's international transactions with onsite marketing subsidiaries; Follows HC-order

Dec 28, 2018
  • In Favour of Assessee
  • Citation Number : TS-1314-ITAT-2018(Kol)-TP
  • Tax Payer : I T C Infotech India Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables for software developer; Deletes notional interest on AE-receivables

Dec 28, 2018
  • In Favour of Assessee
  • Citation Number : TS-1313-ITAT-2018(DEL)-TP
  • Tax Payer : Pitney Bowes Software India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Formulates guidelines for expeditious hearing of cases referred to Special Benches & Third Members

Dec 28, 2018
  • In Favour of Assessee
  • Citation Number : TS-1312-ITAT-2018(Ahd)-TP
  • Tax Payer : Doshi Accounting Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects separate adjustment for interest on receivables; Excludes 3 functionally dissimilar comparables

Dec 27, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1311-ITAT-2018(HYD)-TP
  • Tax Payer : EPAM Systems India Pvt Ltd
High Court

HC:Admits Revenue’s appeal challenging ITAT’s 'portfolio-approach' for benchmarking transactions

Dec 27, 2018
  • In Favour of Revenue
  • Citation Number : TS-1310-HC-2018(BOM)-TP
  • Tax Payer : Boskalis International Dredging International CV
Income tax Appellate Tribunal

ITAT: Rejects re-characterization of outstanding AE-receivables as loan pre-2012; Deletes notional interest addition

Dec 27, 2018
  • In Favour of Assessee
  • Citation Number : TS-1309-ITAT-2018(DEL)-TP
  • Tax Payer : Metlife Global Operations Support Center Private Ltd
Income tax Appellate Tribunal

ITAT: Deletes AMP-adjustment for distributor of medical implants; Follows earlier order

Dec 27, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1308-ITAT-2018(DEL)-TP
  • Tax Payer : Johnson & Johnson Ltd (On behalf of Synthes Medical Pvt. Ltd. Since Merged with Johnson & Johnson Ltd.)
Income tax Appellate Tribunal

ITAT: Excludes 7 comparables for software-developer citing functional dissimilarity, super-normal profits etc

Dec 26, 2018
  • In Favour of Assessee
  • Citation Number : TS-1307-ITAT-2018(DEL)-TP
  • Tax Payer : Lime Labs (I) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-computation of management fees for verification in terms of MAP-resolution

Dec 26, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1306-ITAT-2018(Ahd)-TP
  • Tax Payer : Quintiles Data Processing Centre (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects Rediff.com; Online advertising services not at par with assessee's marketing support services

Dec 26, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1305-ITAT-2018(DEL)-TP
  • Tax Payer : Beam Global Spirits & Wine (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables selection for investment advisory; Follows precedents

Dec 26, 2018
  • In Favour of Assessee
  • Citation Number : TS-1304-ITAT-2018(Mum)-TP
  • Tax Payer : New Silk Route Advisors Pvt Ltd
Income tax Appellate Tribunal

ITAT: Assessee entitled to DRP-route post ITAT-remand; Rejects DRP’s “first instance” interpretation u/s 144C(1)

Dec 26, 2018
  • In Favour of Assessee
  • Citation Number : TS-1303-ITAT-2018(HYD)-TP
  • Tax Payer : Broadridge Financial Solutions (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds aggregation approach & remits ALP-determination for license, management fees payment; Follows precedents

Dec 24, 2018
  • In Favour of Assessee
  • Citation Number : TS-1302-ITAT-2018(Bang)-TP
  • Tax Payer : Adcock Ingram Limited
Income tax Appellate Tribunal

ITAT: Comparables cannot be rejected merely for following different-FY; Allows risk adjustment plea

Dec 24, 2018
  • In Favour of Assessee
  • Citation Number : TS-1301-ITAT-2018(DEL)-TP
  • Tax Payer : ST-ERICSSON India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows Sec 10B deduction on voluntary TP-adjustment; Follows I Gate HC ruling

Dec 24, 2018
  • In Favour of Assessee
  • Citation Number : TS-1300-ITAT-2018(Ahd)-TP
  • Tax Payer : QX KPO Services Pvt Ltd
High Court

HC:Explains 'substantial interest' u/s 40A(2)(b) for SDT constitution; Relies upon ICAI Guidance Note

Dec 21, 2018
  • In Favour of Assessee
  • Citation Number : TS-1299-HC-2018(BOM)-TP
  • Tax Payer : HDFC Bank Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 and includes 2 comparables for investment advisor citing functional dissimilarity/ similarity

Dec 21, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1298-ITAT-2018(Mum)-TP
  • Tax Payer : BLACKSTONE ADVISORS INDIA PVT LTD
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on intra-group services, cost can’t be disturbed once segment margins accepted

Dec 21, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1297-ITAT-2018(PUN)-TP
  • Tax Payer : Eaton Technologies Pvt Ltd