Rulings ( 11633 results )

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Income tax Appellate Tribunal

ITAT: Remands comparables, capacity adjustment & royalty benchmarking issues for assessee-manufacturer

Dec 05, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1252-ITAT-2018(DEL)-TP
  • Tax Payer : Nissin Brake India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes Rs.2800cr+ AMP-adjustment for PepsiCo, a full-fledged manufacturer; Rejects PSM/BLT for benchmarking

Dec 04, 2018
  • In Favour of Assessee
  • Citation Number : TS-1250-ITAT-2018(DEL)-TP
  • Tax Payer : PepsiCo India Holdings Pvt Ltd (erstwhile Pepsi Foods Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Excludes Infosys, Wipro Technologies for software developer; Holds forex-gain as operating item

Dec 04, 2018
  • In Favour of Assessee
  • Citation Number : TS-1249-ITAT-2018(DEL)-TP
  • Tax Payer : Global Logic India Ltd
Supreme Court

SC: Dismisses Revenue’s SLP against HC-order upholding 25 RPT-filter application & Wipro exclusion

Dec 04, 2018
  • In Favour of Assessee
  • Citation Number : TS-1248-SC-2018-TP
  • Tax Payer : Oracle (OFSS) BPO Service Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows additional evidence admission to decide PwC’s entity vs. transaction level adjustment issue

Dec 03, 2018
  • In Favour of Assessee
  • Citation Number : TS-1247-ITAT-2018(Kol)-TP
  • Tax Payer : PricewaterhouseCoopers Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds CIT(A)-order quashing final assessment order passed sans draft order; Follows precedents

Dec 03, 2018
  • In Favour of Assessee
  • Citation Number : TS-1246-ITAT-2018(PUN)-TP
  • Tax Payer : East West Seeds Ltd
Income tax Appellate Tribunal

ITAT: Allows Revenue’s appeal withdrawal considering resolution of management services TP-adjustment under APA

Dec 03, 2018
  • In Favour of Assessee
  • Citation Number : TS-1245-ITAT-2018(Mum)-TP
  • Tax Payer : Gia India Laboratory Pvt Ltd
High Court

HC:Dismisses Revenue’s appeal on exclusion of comparables; Holds no question of law arises

Nov 30, 2018
  • In Favour of Assessee
  • Citation Number : TS-1244-HC-2018(BOM)-TP
  • Tax Payer : Principal Global Services Pvt Ltd
Income tax Appellate Tribunal

ITAT:Grants conditional stay on Rs.195cr demand arising due to TP-adjustment on AE-loan

Nov 29, 2018
  • In Favour of Assessee
  • Citation Number : TS-1241-ITAT-2018(Mum)-TP
  • Tax Payer : Bombay Rayon Holdings Ltd
Income tax Appellate Tribunal

ITAT: Rejects AMP-adjustment & alternative Sec 37-disallowance for Whirlpool, but permits modification post SC-outcome

Nov 29, 2018
  • In Favour of Assessee
  • Citation Number : TS-1240-ITAT-2018(DEL)-TP
  • Tax Payer : Whirlpool of India Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables absent segmental information in software development & ITeS segments

Nov 29, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1239-ITAT-2018(Bang)-TP
  • Tax Payer : Goldman Sachs Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Software distribution companies good comparables to TV channel distributor; Follows earlier year order

Nov 28, 2018
  • In Favour of Assessee
  • Citation Number : TS-1238-ITAT-2018(DEL)-TP
  • Tax Payer : Turner International Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Rejects AMP-adjustment for manufacturer-assessee but permits AO to modify order post SC-outcome

Nov 28, 2018
  • In Favour of Assessee
  • Citation Number : TS-1237-ITAT-2018(DEL)-TP
  • Tax Payer : Suzuki Motorcycles (I) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds AMP-adjustment unsustainable but empowers AO to modify order post SC-ruling

Nov 28, 2018
  • In Favour of Assessee
  • Citation Number : TS-1236-ITAT-2018(DEL)-TP
  • Tax Payer : Valvoline Cummins Pvt Ltd
Income tax Appellate Tribunal

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

Nov 27, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1235-ITAT-2018(Mum)-TP
  • Tax Payer : SBI Macquarie Infrastructure Management Private Limited
Income tax Appellate Tribunal

ITAT: Dismisses TP-grounds for software developer assessee as withdrawn in view of APA-resolution

Nov 27, 2018
  • In Favour of Assessee
  • Citation Number : TS-1234-ITAT-2018(DEL)-TP
  • Tax Payer : Mentor Graphics (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs TPO to seek Sec 133(6)-information to compute capacity adjustment; Rejects information unavailability plea

Nov 27, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1233-ITAT-2018(DEL)-TP
  • Tax Payer : Terex Equipment Pvt Ltd (Formerly known as Terex Vectra Equipment Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT:Confirms TP-adjustment deletion on foreign currency AE-loan; Follows earlier-orders

Nov 27, 2018
  • In Favour of Assessee
  • Citation Number : TS-1232-ITAT-2018(Kol)-TP
  • Tax Payer : M K Shah Exports Ltd
Income tax Appellate Tribunal

ITAT: Holds market quotations from internet as “unreliable CUP” for benchmarking AE-exports

Nov 26, 2018
  • In Favour of Assessee
  • Citation Number : TS-1231-ITAT-2018(DEL)-TP
  • Tax Payer : JSL Limited (Now known as Jindal Stainless Ltd)
Income tax Appellate Tribunal

ITAT: Benefit test not precondition to justify ALP; Rejects NIL-ALP for management charges

Nov 26, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1230-ITAT-2018(COCH)-TP
  • Tax Payer : US Technology Resources Private Limited