Rulings ( 11633 results )

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Income tax Appellate Tribunal

ITAT: Excludes 2 functionally dissimilar companies for software developer; Includes 1 non-persistent loss maker

Dec 14, 2018
  • In Favour of Assessee
  • Citation Number : TS-1276-ITAT-2018(PUN)-TP
  • Tax Payer : SAS Research and Development (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Confirms DRP-order holding foreign partnership firm as not ‘eligible assessee’ u/s 144C

Dec 14, 2018
  • In Favour of Assessee
  • Citation Number : TS-1275-ITAT-2018(DEL)-TP
  • Tax Payer : ESS Distribution (Mauritius) S.C.N.E.T. Companie
Income tax Appellate Tribunal

ITAT:Upholds assessee’s cost allocation based on OECD-Guidelines; Accepts CPA-certificate as valid evidence

Dec 13, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1274-ITAT-2018(Mum)-TP
  • Tax Payer : Jabil Circuit India Private Limited
Income tax Appellate Tribunal

ITAT: Upholds DRP-order treating foreign partnership firm as non-eligible assessee u/s 144C; Follows precedent

Dec 13, 2018
  • In Favour of Assessee
  • Citation Number : TS-1273-ITAT-2018(DEL)-TP
  • Tax Payer : ESPN Star Sports Mauritius SNC et Companie
Income tax Appellate Tribunal

ITAT: Rules on comparables selection for ITeS-provider; Rejects TPO’s negative working capital adjustment

Dec 13, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1272-ITAT-2018(Bang)-TP
  • Tax Payer : Zyme Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT:Confirms concealment penalty deletion as TP-addition deleted in quantum appeal

Dec 13, 2018
  • In Favour of Assessee
  • Citation Number : TS-1271-ITAT-2018(PUN)-TP
  • Tax Payer : Magic Software Enterprises India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 9 comparables for software-developer, directs consideration of segmental results for Megasoft

Dec 13, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1270-ITAT-2018(Bang)-TP
  • Tax Payer : NI Systems (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits ALP-determination of international transaction citing TPO/DRP’s non-consideration of assessee’s comparables

Dec 13, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1269-ITAT-2018(Kol)-TP
  • Tax Payer : Foster Wheeler Bengal Pvt Ltd (merged with Amec Foster Wheeler India Pvt. Ltd.)
Supreme Court

SC: Upholds HC-order confirming deletion of guarantee fee TP-adjustment for Glenmark Pharma

Dec 12, 2018
  • In Favour of Assessee
  • Citation Number : TS-1268-SC-2018-TP
  • Tax Payer : GLENMARK PHARMACEUTICALS
High Court

HC: Corrigendum can’t correct draft order non-issuance; Assessee not estopped from challenging AO’s jurisdiction

Dec 12, 2018
  • In Favour of Assessee
  • Citation Number : TS-1267-HC-2018(BOM)-TP
  • Tax Payer : Lionbridge Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects TPO’s OP/Marketing cost for marketing fees ALP-determination; Follows earlier-order

Dec 11, 2018
  • In Favour of Assessee
  • Citation Number : TS-1265-ITAT-2018(Mum)-TP
  • Tax Payer : first source Solutions Ltd (formerly Customer Asset India P. Ltd)
Income tax Appellate Tribunal

ITAT:Restores TP-issue to CIT(A) citing cryptic, non-speaking order on comparables selection

Dec 11, 2018
  • In Favour of Revenue
  • Citation Number : TS-1264-ITAT-2018(Kol)-TP
  • Tax Payer : Steel Plus Limited
Income tax Appellate Tribunal

ITAT: Can’t lower RPT-filter by excluding expense reimbursement; Rules on comparables for BPO-provider

Dec 11, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1263-ITAT-2018(HYD)-TP
  • Tax Payer : Knoah Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds Sec 263-order absent AO’s mandatory TPO-reference as per CBDT Circular 3/2016

Dec 11, 2018
  • In Favour of Revenue
  • Citation Number : TS-1262-ITAT-2018(Mum)-TP
  • Tax Payer : Varian Medical Systems International India Private Limited
Income tax Appellate Tribunal

ITAT: Rejects assessee's Nil interest-ALP for stressed AE-loans citing commercial expediency, revenue neutrality

Dec 07, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1261-ITAT-2018(Mum)-TP
  • Tax Payer : Laqshya Media Limited [earlier known as Lakqshya Media Pvt Ltd]
High Court

HC: Dismisses Revenue’s appeal; Draft assessment-order necessary even after proceedings remanded by ITAT

Dec 07, 2018
  • In Favour of Assessee
  • Citation Number : TS-1260-HC-2018(BOM)-TP
  • Tax Payer : Andrew Telecommunications P Ltd
Income tax Appellate Tribunal

ITAT: TPO cannot arbitrarily interfere with PLI-selection; Sec 41(1)-waiver irrelevant for intra-group services benchmarking

Dec 06, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1256-ITAT-2018(DEL)-TP
  • Tax Payer : Carrier Midea India P Ltd
Income tax Appellate Tribunal

ITAT:Grants stay on demand arising from TP-adjustment after adjusting 20 pending refund

Dec 06, 2018
  • In Favour of Assessee
  • Citation Number : TS-1255-ITAT-2018(PUN)-TP
  • Tax Payer : Cummins Turbo Technologies Limited
Income tax Appellate Tribunal

ITAT: Remits comparables selection, working-capital, risk adjustment claims in ITeS & Assembly segments

Dec 06, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1254-ITAT-2018(CHNY)-TP
  • Tax Payer : Cameron Manufacturing India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Excludes Govt.-owned companies; Stresses on business-model similarity in addition to functional similarity

Dec 05, 2018
  • In Favour of Assessee
  • Citation Number : TS-1253-ITAT-2018(DEL)-TP
  • Tax Payer : Boeing International Corporation India Pvt. Ltd