Rulings ( 11972 results )

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Income tax Appellate Tribunal

ITAT: Deletes Yakult Danone’s AMP-adjustment absent existence of international transaction; Follows PepsiCo India

  • In Favour of Assessee
  • Citation Number : TS-243-ITAT-2019(DEL)-TP
  • Tax Payer : Yakult Danone India P Ltd
Income tax Appellate Tribunal

ITAT: Applies US-MAP agreed margin for non-US AE-transactions for engineering design service provider

  • In Favour of Assessee
  • Citation Number : TS-242-ITAT-2019(Bang)-TP
  • Tax Payer : Flowserve India Controls Pvt Ltd
Income tax Appellate Tribunal

ITAT: Restricts TP-adjustment only to international transactions with AE; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-241-ITAT-2019(Mum)-TP
  • Tax Payer : Damco India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on AE-receivables as interest subsumed in working capital adjustment; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-240-ITAT-2019(DEL)-TP
  • Tax Payer : Parveen Industries P Ltd
Income tax Appellate Tribunal

ITAT: Remits segmentation and entity level benchmarking issues for software developer; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-239-ITAT-2019(CHNY)-TP
  • Tax Payer : Prodapt Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT:CIT(A) jurisdiction change to be communicated efficiently; Restores appeal to CIT(A)

  • In Favour of Assessee
  • Citation Number : TS-238-ITAT-2019(JPR)-TP
  • Tax Payer : Sh. Vikas Agarwal
Income tax Appellate Tribunal

ITAT: Upholds TP-adjustment deletion finding no income element in interest cost reimbursed to HO

  • In Favour of Assessee
  • Citation Number : TS-237-ITAT-2019(Ahd)-TP
  • Tax Payer : Black Pearl Services Limited
Income tax Appellate Tribunal

ITAT:Dismisses appeal citing assessee’s disinterest in prosecution; Confirms TP-adjustment

  • In Favour of Revenue
  • Citation Number : TS-236-ITAT-2019(PUN)-TP
  • Tax Payer : Oceans Connect India Pvt. Ltd
Income tax Appellate Tribunal

ITAT:Allows assessee to withdraw appeal on TP-issues absent Revenue's objection

  • In Favour of Assessee
  • Citation Number : TS-235-ITAT-2019(Bang)-TP
  • Tax Payer : Cisco Systems Capital (India) Private Limited
Income tax Appellate Tribunal

ITAT: Quashes assessment framed on non-existent merged entity in second appeal round; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-234-ITAT-2019(Mum)-TP
  • Tax Payer : Siemens Limited
Income tax Appellate Tribunal

ITAT: Holds advertisement expenses reimbursed by AE purely for Bacardi’s brand-building; Distinguishes Goodyear

  • In Favour of Revenue
  • Citation Number : TS-233-ITAT-2019(DEL)-TP
  • Tax Payer : Bacardi India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds AMP-expenditure an ‘international transaction’ for distributor of medical equipment; Distinguishes Pepsico-ruling

  • In Favour of Both, Partially
  • Citation Number : TS-232-ITAT-2019(DEL)-TP
  • Tax Payer : Olympus Medical Systems India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Quashes revision; Rejects CIT's retrospective application of CBDT Instructions for TPO-reference

  • In Favour of Assessee
  • Citation Number : TS-231-ITAT-2019(DEL)-TP
  • Tax Payer : ETT Ltd. (formerly known as Indian Express Multimedia Ltd.)
Income tax Appellate Tribunal

ITAT: Deletes TP-addition on support services to AE; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-230-ITAT-2019(DEL)-TP
  • Tax Payer : AT & T COMMUNICATION SERVICES INDIA PVT LTD
Income tax Appellate Tribunal

ITAT: Excludes Eclerx, Accentia, Informed Technologies for ITES-provider; Allows risk adjustment 20%

  • In Favour of Assessee
  • Citation Number : TS-229-ITAT-2019(PUN)-TP
  • Tax Payer : Brintons Carpets Asia Pvt Ltd
High Court

HC: Upholds US-MAP margin application to non-US transactions, considers similar approach in APA

  • In Favour of Assessee
  • Citation Number : TS-228-HC-2019(BOM)-TP
  • Tax Payer : J.P. Morgan Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Sec 271BA-penalty ‘discretionary’; Deletes penalty as Form 3CEB, though not filed electronically, furnished during assessment

  • In Favour of Assessee
  • Citation Number : TS-227-ITAT-2019(CHANDI)-TP
  • Tax Payer : Shree Ram Dass Rice & General Mills
Income tax Appellate Tribunal

ITAT: Fixes Corporate Guarantee commission at 0.5%; Follows Everest Kanto HC-Ruling

  • In Favour of Assessee
  • Citation Number : TS-226-ITAT-2019(Mum)-TP
  • Tax Payer : Western Refrigeration Pvt Ltd
Income tax Appellate Tribunal

ITAT:Restores ALP-determination for marketing and research support services; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-225-ITAT-2019(Mum)-TP
  • Tax Payer : RBS Equities India Ltd
Income tax Appellate Tribunal

ITAT: Accepts LIBOR for AE-loan, rejects internal-CUP for royalty benchmarking; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-224-ITAT-2019(Mum)-TP
  • Tax Payer : Marico Ltd