Rulings ( 11633 results )

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Income tax Appellate Tribunal

ITAT: Using foreign name doesn’t mean AE’s brand promotion; AMP-Expense not international transaction

Oct 29, 2018
  • In Favour of Assessee
  • Citation Number : TS-1141-ITAT-2018(Kol)-TP
  • Tax Payer : Organon (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Share application money outside international transaction ambit; Remits selection of foreign-AE as tested-party

Oct 26, 2018
  • In Favour of Assessee
  • Citation Number : TS-1139-ITAT-2018(DEL)-TP
  • Tax Payer : Moserbaer India Ltd
Income tax Appellate Tribunal

ITAT: Rejects entity-level benchmarking for ALP determination; Follows earlier-order

Oct 26, 2018
  • In Favour of Assessee
  • Citation Number : TS-1138-ITAT-2018(DEL)-TP
  • Tax Payer : CSR Technology (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Confirms Sec 271(1)(c)-penalty deletion as PLI & multiple year data issues ‘debatable' for AY 2003-04

Oct 26, 2018
  • In Favour of Assessee
  • Citation Number : TS-1137-ITAT-2018(DEL)-TP
  • Tax Payer : Kyungshin Industrial Motherson Ltd
Income tax Appellate Tribunal

ITAT: Recalls ex-parte DRP-order; Remits TP-issue for de-novo adjudication to DRP

Oct 26, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1136-ITAT-2018(CHNY)-TP
  • Tax Payer : MMC Healthcare Limited
Income tax Appellate Tribunal

ITAT: Quashes TP-reassessment orders for foreign partnership firm as not ‘eligible assessee’; Follows precedents

Oct 26, 2018
  • In Favour of Assessee
  • Citation Number : TS-1135-ITAT-2018(DEL)-TP
  • Tax Payer : ESS Advertising (Mauritius) SNC et Compagnie(earlier known as ESPN Star Sports Mauritius S.N.C Et Compagnie)
High Court

HC: Upholds ITAT-order deleting disallowance towards price support paid to related parties

Oct 26, 2018
  • In Favour of Assessee
  • Citation Number : TS-1113-HC-2017(DEL)-TP
  • Tax Payer : Pepsi Foods Private Limited
Income tax Appellate Tribunal

ITAT: Operation comparability relevant for RPM, not product similarity; Rejects TPO's TNMM

Oct 26, 2018
  • In Favour of Assessee
  • Citation Number : TS-1134-ITAT-2018(Bang)-TP
  • Tax Payer : Pepperl & Fuchs (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment towards leased assets depreciation; Rejects reallocation of expenses between segments

Oct 26, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1133-ITAT-2018(DEL)-TP
  • Tax Payer : Lufthansa Technik Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds CIT’s revisionary jurisdiction absent AO’s enquiry regarding assessee’s specified domestic transactions

Oct 25, 2018
  • In Favour of Revenue
  • Citation Number : TS-1132-ITAT-2018(COCH)-TP
  • Tax Payer : Hycon India Private Ltd
Income tax Appellate Tribunal

ITAT:Remits AMP-adjustment for confectionary products manufacturer; Follows earlier-order

Oct 25, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1131-ITAT-2018(DEL)-TP
  • Tax Payer : Perfetti Van Melle India Private Limited
Income tax Appellate Tribunal

ITAT: CIT(A) not prohibited in directing AO to verify TP-adjustment computation; Dismisses Revenue’s ground

Oct 25, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1130-ITAT-2018(DEL)-TP
  • Tax Payer : Motorola India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits AMP-adjustment following earlier-order; Restores comparables selection in pre-sales support segment

Oct 24, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1129-ITAT-2018(Bang)-TP
  • Tax Payer : Epson India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Excludes abnormal wastage in initial operation year from assessee’s PLI; Follows precedents

Oct 24, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1128-ITAT-2018(PUN)-TP
  • Tax Payer : Grupo Antolin India Pvt. Ltd (Erstwhile known as Grupo Antolin Pune Pvt. Ltd)
Income tax Appellate Tribunal

ITAT: Rejects commercial expediency plea for software sale without mark-up, cites BEPS concern

Oct 23, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1125-ITAT-2018(Mum)-TP
  • Tax Payer : eBaotech India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Quashes reopening as merely 'fishing enquiry'; Rejects FOB-based benchmarking for AE-exports

Oct 23, 2018
  • In Favour of Assessee
  • Citation Number : TS-1124-ITAT-2018(Kol)-TP
  • Tax Payer : Devansh Exports
Income tax Appellate Tribunal

ITAT:Excludes Cox & Kings as comparable for assessee’s tourism services, Follows earlier-order

Oct 22, 2018
  • In Favour of Assessee
  • Citation Number : TS-1123-ITAT-2018(Bang)-TP
  • Tax Payer : Enchanting Travels Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects Cosmic Global as comparable for back-office support service provider; Follows Xchanging ruling

Oct 22, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1122-ITAT-2018(DEL)-TP
  • Tax Payer : Integreon (India) Private Ltd
Income tax Appellate Tribunal

ITAT:Accepts assessee’s contention to include 6 comparables following principle of consistency

Oct 17, 2018
  • In Favour of Assessee
  • Citation Number : TS-1121-ITAT-2018(DEL)-TP
  • Tax Payer : De La Rue Cash Processing Solutions India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Companies providing KPO services, outsourcing work not comparable to ITES provider

Oct 17, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1120-ITAT-2018(Mum)-TP
  • Tax Payer : Swiss Re- services India Pvt Ltd