Rulings ( 11972 results )

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High Court

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

  • In Favour of Revenue
  • Citation Number : TS-1445-HC-2018(KAR)-TP
  • Tax Payer : SAP India Private Limited
Income tax Appellate Tribunal

ITAT: Remits intra-group services TP-adjustment; Directs assessee to establish service receipt

  • In Favour of Both, Partially
  • Citation Number : TS-119-ITAT-2019(PUN)-TP
  • Tax Payer : Aquatech Systems (Asia) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-addition; Management Services Unit charges distinct from support services

  • In Favour of Assessee
  • Citation Number : TS-1444-ITAT-2018(DEL)-TP
  • Tax Payer : B G India Energy Solutions P Ltd
Income tax Appellate Tribunal

ITAT: Determines 1 as guarantee-fee ALP, LIBOR+300 bps interest benchmark for AE-loan; Follows earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-1443-ITAT-2018(DEL)-TP
  • Tax Payer : Fresenius Kabi Oncology Ltd (earlier known as M/s Dabur Pharma Ltd.)
Income tax Appellate Tribunal

ITAT: Rejects TPO's CUP for sale transaction absent quantum, trade-relationship analysis; Upholds TNMM

  • In Favour of Assessee
  • Citation Number : TS-1442-ITAT-2018(Ahd)-TP
  • Tax Payer : Dishman Pharmaceuticals & Chemicals Ltd
Income tax Appellate Tribunal

ITAT: Upholds aggregation of transactions in trading-segment under TNMM, considers subsequent year’s approach

  • In Favour of Assessee
  • Citation Number : TS-118-ITAT-2019(PUN)-TP
  • Tax Payer : Endress+Hauser Flowtec (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for investment-advisor; Rejects export-filter absent assessee’s activities outside India

  • In Favour of Both, Partially
  • Citation Number : TS-117-ITAT-2019(Mum)-TP
  • Tax Payer : Carlyle India Advisors Private Limited
High Court

HC:HDFC Bank’s non-convertible debentures purchase from domestic group-entity not SDT u/s 40A(2)(b); Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-1441-HC-2018(BOM)-TP
  • Tax Payer : HDFC Bank Ltd
Income tax Appellate Tribunal

ITAT: Dismisses MP as liberty to revive appeals, if issues unresolved by MAP, granted

  • In Favour of Revenue
  • Citation Number : TS-116-ITAT-2019(Bang)-TP
  • Tax Payer : Molex India Ltd
High Court

HC: TP-provisions inapplicable to outbound share investment; Leaves Sec 56(2)(viib) impact open for post-amendment period

  • In Favour of Assessee
  • Citation Number : TS-115-HC-2019(BOM)-TP
  • Tax Payer : PMP Auto Components Pvt Ltd
High Court

HC:Confirms ITAT-order deleting TP-adjustment on outbound share investment; Upholds Vodafone ratio application

  • In Favour of Assessee
  • Citation Number : TS-114-HC-2019(BOM)-TP
  • Tax Payer : Tops Group Electronics Systems Ltd
Income tax Appellate Tribunal

ITAT: No separate adjustment on AE-receivables required when working capital adjustment granted

  • In Favour of Assessee
  • Citation Number : TS-113-ITAT-2019(DEL)-TP
  • Tax Payer : Teradata India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects Kerala State Industrial Corp for ground, passenger handling service provider

  • In Favour of Assessee
  • Citation Number : TS-112-ITAT-2019(DEL)-TP
  • Tax Payer : Globe Ground India Pvt. Ltd
Income tax Appellate Tribunal

ITAT:Remits comparable selection for lubricant additives manufacturer, citing variation in industry, products etc.

  • In Favour of Assessee
  • Citation Number : TS-111-ITAT-2019(CHNY)-TP
  • Tax Payer : Indian Additives Ltd
Income tax Appellate Tribunal

ITAT:Finance cost exclusion from margins no reason to deny separate working-capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-110-ITAT-2019(Bang)-TP
  • Tax Payer : Inteva Products India Automotive Pvt Ltd (Meritor LVS India Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Rules on comparables in software, marketing segments; Indenting activity not similar to marketing

  • In Favour of Both, Partially
  • Citation Number : TS-1440-ITAT-2018(Bang)-TP
  • Tax Payer : Autodesk India Private Ltd
Foreign Court

FC: Danish SC deletes TP-adjustment on Microsoft Denmark's marketing activities, holds remuneration at ALP

  • In Favour of Assessee
  • Citation Number : TS-1248-FC-2019(DEN)-TP
  • Tax Payer : Microsoft Denmark
High Court

HC: Admits Revenues appeal against ITAT’s exclusion of 6 comparables for software developer

  • In Favour of Revenue
  • Citation Number : TS-109-HC-2019(DEL)-TP
  • Tax Payer : Nokia Siemens Networks India Pvt. Ltd
High Court

HC:Accepts assessee’s 'headcount' based cost allocation for benchmarking online marketing support services

  • In Favour of Assessee
  • Citation Number : TS-108-HC-2019(DEL)-TP
  • Tax Payer : Fujitsu India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Merchant banker on different footing from investment-advisor, excludes Ladderup following precedents

  • In Favour of Assessee
  • Citation Number : TS-107-ITAT-2019(Mum)-TP
  • Tax Payer : Guggenheim Capital Management (Asia) Private Limited