Rulings ( 11633 results )

Filters
Income tax Appellate Tribunal

ITAT: Rejects Nil-ALP for management charges; ‘Benefit’ not precondition for justifying ALP

Nov 26, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1229-ITAT-2018(COCH)-TP
  • Tax Payer : US Technology Resources Private Limited
Income tax Appellate Tribunal

ITAT:Discards BLT for AMP-adjustment but allows AO to modify order post SC-outcome

Nov 26, 2018
  • In Favour of Assessee
  • Citation Number : TS-1228-ITAT-2018(DEL)-TP
  • Tax Payer : Sennheiser Electronics India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits TP-adjustment on intra-group services; Follows earlier order

Nov 26, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1227-ITAT-2018(PUN)-TP
  • Tax Payer : Eaton Power Quality Private Limited
Income tax Appellate Tribunal

ITAT: Deletes Sec 271G penalty for diamond dealers; Relies on Dilipkumar V. Lakhi case

Nov 26, 2018
  • In Favour of Assessee
  • Citation Number : TS-1226-ITAT-2018(Mum)-TP
  • Tax Payer : Interjewel Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on corporate management charges; Rules on comparables selection for manufacturer-assessee

Nov 26, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1225-ITAT-2018(DEL)-TP
  • Tax Payer : Terex Equipment Pvt Ltd (Formerly Terex Vectra Equipment Company Private Limited) vs ACIT
Income tax Appellate Tribunal

ITAT: Forex gain/loss recorded in books, not arising in subject-AY, relevant; Commscope ruling per-incuriam

Nov 23, 2018
  • In Favour of Assessee
  • Citation Number : TS-1224-ITAT-2018(Bang)-TP
  • Tax Payer : LSI India Research & Development Pvt Ltd [erstwhile LSI Research (India) Pvt Ltd]
Income tax Appellate Tribunal

ITAT:Remits treatment of forward premium and 4 comparables citing DRP’s non-speaking order

Nov 23, 2018
  • In Favour of Assessee
  • Citation Number : TS-1223-ITAT-2018(COCH)-TP
  • Tax Payer : Navigant BPM (India) Private Limited
Income tax Appellate Tribunal

ITAT: Allows assessee’s appeal relating to TP-adjustment on management fees; Follows earlier order

Nov 23, 2018
  • In Favour of Assessee
  • Citation Number : TS-1222-ITAT-2018(Kol)-TP
  • Tax Payer : Landis + Gyr Ltd
Income tax Appellate Tribunal

ITAT:Remits selection of MAM for manufacturer assessee; Deletes TP-adjustment on outstanding AE-receivables

Nov 23, 2018
  • In Favour of Assessee
  • Citation Number : TS-1221-ITAT-2018(Ahd)-TP
  • Tax Payer : Gemstone Glass Pvt Ltd (successor in Pino Bisazza Glass Pvt Ltd) vs DCIT
Income tax Appellate Tribunal

ITAT:Rejects RPM for benchmarking AE-imports considering purchase & resale with related entities

Nov 23, 2018
  • In Favour of Assessee
  • Citation Number : TS-1220-ITAT-2018(DEL)-TP
  • Tax Payer : Kehin India Manufacturing Pvt Ltd (Formerly Keihin Panalfa Ltd.)
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on intra-group services, accepts substantiation in the form of emails

Nov 22, 2018
  • In Favour of Assessee
  • Citation Number : TS-1219-ITAT-2018(DEL)-TP
  • Tax Payer : Avery Dennison [India] Pvt Ltd
Income tax Appellate Tribunal

ITAT:Restores appeal to CIT(A) citing cryptic and non-speaking order on TP-issues

Nov 22, 2018
  • In Favour of Assessee
  • Citation Number : TS-1218-ITAT-2018(Bang)-TP
  • Tax Payer : Sartorius Stedim India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on intra-group services; Upholds internal TNMM for manufacturing segment

Nov 22, 2018
  • In Favour of Assessee
  • Citation Number : TS-1217-ITAT-2018(PUN)-TP
  • Tax Payer : Eaton Fluid Power Limited
Income tax Appellate Tribunal

ITAT: Directs grant of working capital adjustment, excludes 2 comparables; Follows precedent

Nov 22, 2018
  • In Favour of Assessee
  • Citation Number : TS-1216-ITAT-2018(DEL)-TP
  • Tax Payer : Akzo Noble Car Refinishes India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remands ALP-determination of corporate services fees paid to AE, Follows earlier ruling

Nov 22, 2018
  • In Favour of Assessee
  • Citation Number : TS-1215-ITAT-2018(Mum)-TP
  • Tax Payer : Huntsman International (India) Private Ltd
Income tax Appellate Tribunal

ITAT: Deletes Rs141Cr TP-adjustment; Sale to non-AEs incomparable due to volume, geographical differences

Nov 22, 2018
  • In Favour of Assessee
  • Citation Number : TS-1214-ITAT-2018(Mum)-TP
  • Tax Payer : Firmenich Aromatics Production (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on delayed AE-receivables; Follows Micro Ink Limited ruling

Nov 22, 2018
  • In Favour of Assessee
  • Citation Number : TS-1213-ITAT-2018(Ahd)-TP
  • Tax Payer : Sophos Technologies Private Limited (Formerly known as Cyberoam Technologies Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Rejects separate adjustment for higher customs duty paid, gross profit encompasses both high cost and high revenue

Nov 21, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1212-ITAT-2018(PUN)-TP
  • Tax Payer : Fresenius Kabi India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes Motilal Oswal, includes IDC & ICRA-Online as comparables for investment-advisor; Follows precedents

Nov 21, 2018
  • In Favour of Assessee
  • Citation Number : TS-1211-ITAT-2018(Mum)-TP
  • Tax Payer : Blackstone Advisors India Private Limited
High Court

HC: Confirms RPM as MAM, though secondary method in TP-report, Follows precedents

Nov 21, 2018
  • In Favour of Assessee
  • Citation Number : TS-1116-HC-2017(DEL)-TP
  • Tax Payer : MATRIX CELLULAR INTERNATIONAL SERVICES PVT LTD