Rulings ( 11972 results )

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High Court

HC:Admits Goodyear’s appeal; ITAT denied export incentives reduction from cost-base for exports benchmarking

  • In Favour of Assessee
  • Citation Number : TS-136-HC-2019(DEL)-TP
  • Tax Payer : Goodyear India Limited
Income tax Appellate Tribunal

ITAT:Deletes Sec 271(1)(c) penalty considering substantial TP-adjustment reduced in quantum appeal

  • In Favour of Assessee
  • Citation Number : TS-135-ITAT-2019(CHANDI)-TP
  • Tax Payer : Rakhra Technologies P.Ltd
Income tax Appellate Tribunal

ITAT: Excludes Akshay-Software for software developer; Safer to exclude comparable when service nature doubtful

  • In Favour of Assessee
  • Citation Number : TS-134-ITAT-2019(Bang)-TP
  • Tax Payer : MetricStream Infotech (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds application of entity level TNMM only to AE-transactions, not entire turnover

  • In Favour of Assessee
  • Citation Number : TS-1449-ITAT-2018(Mum)-TP
  • Tax Payer : Sodexo Food Solutions India Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables for Microsoft-India, Excludes companies undertaking R&D for software development

  • In Favour of Both, Partially
  • Citation Number : TS-133-ITAT-2019(DEL)-TP
  • Tax Payer : Microsoft India (R &D) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds internal-CUP for benchmarking SDT of inter-units power transfer; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-132-ITAT-2019(Kol)-TP
  • Tax Payer : Electrosteel Castings Ltd
Income tax Appellate Tribunal

ITAT: Fixes guarantee fee ALP at 0.5%, comfort fee ALP at 0.1%; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-131-ITAT-2019(Mum)-TP
  • Tax Payer : Zee Entertainment Enterprises Limited
High Court

HC: Upholds ITAT-order excluding 3 comparables having different business model/ substantial RPT

  • In Favour of Assessee
  • Citation Number : TS-130-HC-2019(BOM)-TP
  • Tax Payer : Pfizer Limited
Income tax Appellate Tribunal

ITAT: Rejects TPO’s internal-CUP for benchmarking sale transaction absent accurate comparability; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-129-ITAT-2019(Ahd)-TP
  • Tax Payer : Gulbrandsen Chemicals Pvt Ltd
Income tax Appellate Tribunal

ITAT: Prefers assessee’s internal-TNMM over TPO’s internal-CUP for benchmarking sale transaction

  • In Favour of Assessee
  • Citation Number : TS-128-ITAT-2019(Ahd)-TP
  • Tax Payer : Gulbrandsen Chemicals Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds LIBOR based interest-rate for benchmarking AE-loan; Deletes TP-adjustment on corporate guarantee

  • In Favour of Assessee
  • Citation Number : TS-127-ITAT-2019(Mum)-TP
  • Tax Payer : Everest Kanto Cylinder Ltd
Income tax Appellate Tribunal

ITAT: Excludes Accentia, Infosys-BPO, E-Clerx, Cosmic-Global for BPO-service provider; Follows e4e-Business ruling

  • In Favour of Assessee
  • Citation Number : TS-126-ITAT-2019(Bang)-TP
  • Tax Payer : Brady Company India Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal; Upholds aggregated approach under TNMM for benchmarking export, import transactions

  • In Favour of Assessee
  • Citation Number : TS-125-HC-2019(BOM)-TP
  • Tax Payer : Vishay Components India Pvt. Ltd
High Court

HC:Dismisses Revenue’s appeal; Upholds segregation approach citing completely different manufacturing operations

  • In Favour of Assessee
  • Citation Number : TS-1447-HC-2018(DEL)-TP
  • Tax Payer : Beam Global Spirits & Wine India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Rejects foreign-AE as ‘tested-party’ for benchmarking intra-group services; Accepts 0.5% as royalty ALP

  • In Favour of Both, Partially
  • Citation Number : TS-124-ITAT-2019(PUN)-TP
  • Tax Payer : Carraro India Private Limited
High Court

HC:Dismisses Revenue’s appeal; Confirms TP-adjustment deletion on seconded employees’ salary reimbursement

  • In Favour of Assessee
  • Citation Number : TS-123-HC-2019(DEL)-TP
  • Tax Payer : Blue Scope Steel India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on valuation of Indian-company shares sold/purchased by NRs; Rejects non-discrimination defense

  • In Favour of Assessee
  • Citation Number : TS-122-ITAT-2019(DEL)-TP
  • Tax Payer : Technip Italy S.P.A
Income tax Appellate Tribunal

ITAT: Upholds 6 commission to AE at ALP considering e-mail exchanges demonstrate service receipt

  • In Favour of Assessee
  • Citation Number : TS-121-ITAT-2019(PUN)-TP
  • Tax Payer : Tata Technologies Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on machinery import; Considers customs authorities acceptance of import-price

  • In Favour of Both, Partially
  • Citation Number : TS-1446-ITAT-2018(DEL)-TP
  • Tax Payer : Fresenius Kabi Oncology Ltd (earlier known as M/s Dabur Pharma Ltd.)
Income tax Appellate Tribunal

ITAT: Rejects ad-hoc disallowance of intra-group services when cost-allocation certified by independent accountant

  • In Favour of Assessee
  • Citation Number : TS-120-ITAT-2019(Mum)-TP
  • Tax Payer : Abbott Healthcare Private Limited