Rulings ( 11972 results )

Filters
High Court

HC:Dismisses Revenue’s appeal challenging ITAT’s comparables selection; Follows Softbrands ruling

  • In Favour of Assessee
  • Citation Number : TS-1453-HC-2018(KAR)-TP
  • Tax Payer : Goldman Sachs Services Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for ITES-provider; Includes BNR Udyog earning substantial ITeS-revenue

  • In Favour of Assessee
  • Citation Number : TS-155-ITAT-2019(Bang)-TP
  • Tax Payer : Societe Generale Global Solution Global Centre Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Holds corporate guarantee, international transaction, following Everest Kanto HC-ruling; Fixes ALP at 0.5%

  • In Favour of Assessee
  • Citation Number : TS-154-ITAT-2019(Mum)-TP
  • Tax Payer : IL & FS Technologies Limited
Income tax Appellate Tribunal

ITAT: Remits comparable, listed company following different-FY, citing possibility to collate results from public-domain

  • In Favour of Both, Partially
  • Citation Number : TS-153-ITAT-2019(Mum)-TP
  • Tax Payer : Greaves Cotton Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on management-services payments; Includes Modern India as comparable, cites functional-comparability

  • In Favour of Both, Partially
  • Citation Number : TS-152-ITAT-2019(PUN)-TP
  • Tax Payer : Sandvik Asia Pvt Ltd
Income tax Appellate Tribunal

ITAT:Directs TPO to provide keywords & filters used for comparables-selection; Remits issue

  • In Favour of Assessee
  • Citation Number : TS-151-ITAT-2019(Bang)-TP
  • Tax Payer : Stump Shuele and Somappa Springs P Ltd
Income tax Appellate Tribunal

ITAT:Deletes Sec 271G-penalty levied by TPO sans power to levy pre-2014 amendment

  • In Favour of Assessee
  • Citation Number : TS-150-ITAT-2019(Ahd)-TP
  • Tax Payer : ITT Corporation India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Rejects BLT based AMP-adjustment; Remits matter for fresh decision considering SC-verdict

  • In Favour of Both, Partially
  • Citation Number : TS-149-ITAT-2019(DEL)-TP
  • Tax Payer : Whirlpool of India Ltd
Income tax Appellate Tribunal

ITAT:Share application money to AE, not international transaction; Deletes TP-adjustment following precedents

  • In Favour of Assessee
  • Citation Number : TS-148-ITAT-2019(DEL)-TP
  • Tax Payer : DLF Hotel Holdings Ltd.
Income tax Appellate Tribunal

ITAT: Remits royalty TP-adjustment for assessee manufacturer; Follows earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-147-ITAT-2019(DEL)-TP
  • Tax Payer : Progressive Tools & Components Pvt Ltd
Income tax Appellate Tribunal

ITAT: Higher TP-margins no ground to deny tax-holiday by invoking Sec 10A(7)/10AA(9) r.w.s. 80IA(10); Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-146-ITAT-2019(PUN)-TP
  • Tax Payer : Honeywell Automation India Limited
Income tax Appellate Tribunal

ITAT: Directs weighted-average price adoption for benchmarking carpet AE-sales; Considers quality, design differences

  • In Favour of Both, Partially
  • Citation Number : TS-145-ITAT-2019(JPR)-TP
  • Tax Payer : Jaipur Rugs Company Pvt Ltd
Income tax Appellate Tribunal

ITAT: Confirms CIT(A)’s deletion of TP-adjustment on LNG-import; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-144-ITAT-2019(Ahd)-TP
  • Tax Payer : Hazira LNG Private Limited
Income tax Appellate Tribunal

ITAT:Remits engineering support services ALP-determination citing TPO’s non-examination of prescribed TP-methods

  • In Favour of Both, Partially
  • Citation Number : TS-143-ITAT-2019(Mum)-TP
  • Tax Payer : Dow Chemical International Private Limited
Income tax Appellate Tribunal

ITAT: Allows assessee’s appeal withdrawal as entire TP-adjustment deleted in rectification order

  • In Favour of Both, Partially
  • Citation Number : TS-142-ITAT-2019(PUN)-TP
  • Tax Payer : Ubisoft Entertainment India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes AMP-adjustment made applying BLT on protective basis absent statutory mandate; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-141-ITAT-2019(DEL)-TP
  • Tax Payer : Sony Mobile Communication India Private Limited (now merged with Sony India Pvt. Ltd)
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on commission payment to AE; Follows earlier-orders

  • In Favour of Assessee
  • Citation Number : TS-140-ITAT-2019(Mum)-TP
  • Tax Payer : Hinduja Ventures Limited, (Formerly known as Hinduja TMT Limited)
Income tax Appellate Tribunal

ITAT: Prefers functional over product similarity under TNMM; Approves cash PLI for manufacturer

  • In Favour of Assessee
  • Citation Number : TS-139-ITAT-2019(Kol)-TP
  • Tax Payer : Epcos Ferrites Ltd. (since merged with EpcosIndia Pvt. Ltd)
Income tax Appellate Tribunal

ITAT: Upholds consistently followed TNMM for export-transactions; Rejects CUP citing geographical, quantity differences

  • In Favour of Assessee
  • Citation Number : TS-138-ITAT-2019(Mum)-TP
  • Tax Payer : Glenmark Pharmaceuticals Ltd
Supreme Court

SC: Dismisses Revenue’s SLP; HC had upheld ITAT’s comparables selection following Softbrands ratio

  • In Favour of Assessee
  • Citation Number : TS-137-SC-2019-TP
  • Tax Payer : Citrix R&D India Pvt Ltd