Rulings ( 11972 results )

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Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s exclusion of Infosys, Mindtree citing high turnover; Dismisses Revenue’s appeal

  • In Favour of Both, Partially
  • Citation Number : TS-106-ITAT-2019(PUN)-TP
  • Tax Payer : SAS Research and Development (I) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes Sec 271(1)(c)-penalty; Difference of opinion in comparables selection not concealment of income

  • In Favour of Assessee
  • Citation Number : TS-105-ITAT-2019(Mum)-TP
  • Tax Payer : QAD India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes high turnover, software testing/ product companies for software developer; Denies capacity adjustment

  • In Favour of Assessee
  • Citation Number : TS-104-ITAT-2019(Bang)-TP
  • Tax Payer : Trianz Holdinqs Pvt Ltd
Income tax Appellate Tribunal

ITAT:Prefers TNMM over CUP for benchmarking receipt of advisory services; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-103-ITAT-2019(PUN)-TP
  • Tax Payer : Emerson Climate Technologies (India) Private Limited
Income tax Appellate Tribunal

ITAT:Upholds Rs.1-50cr turnover filter for benchmarking accounting services; Follows rule of consistency

  • In Favour of Assessee
  • Citation Number : TS-102-ITAT-2019(Ahd)-TP
  • Tax Payer : Doshi Accounting Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes Bausch & Lomb’s AMP-adjustment, intra-group services TP-adjustment; Follows HC-order in own case

  • In Favour of Both, Partially
  • Citation Number : TS-101-ITAT-2019(DEL)-TP
  • Tax Payer : Bausch & Lomb India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables; Directs uniform application of DRP’s new filters to all comparables

  • In Favour of Both, Partially
  • Citation Number : TS-100-ITAT-2019(Bang)-TP
  • Tax Payer : Indecomm Global Services India Pvt Ltd (formerly known as IGS Imaging Services India Private Limited)
Income tax Appellate Tribunal

ITAT: Remands 6 comparables to TPO for fresh consideration for software developer

  • In Favour of Both, Partially
  • Citation Number : TS-99-ITAT-2019(Bang)-TP
  • Tax Payer : Telsima Communications Pvt Ltd
Income tax Appellate Tribunal

ITAT:Recalls Tribunal-order for adjudicating assessee’s claim for exclusion of ICRA-Online

  • In Favour of Assessee
  • Citation Number : TS-98-ITAT-2019(Bang)-TP
  • Tax Payer : Sitel Operating Corporation India Ltd (since amalgamated with Sitel India Private Limited)
Income tax Appellate Tribunal

ITAT: Directs application of margin agreed under MAP with UK/US to non-UK/US transactions

  • In Favour of Both, Partially
  • Citation Number : TS-97-ITAT-2019(DEL)-TP
  • Tax Payer : Concentrix Daksh Services India Pvt Ltd (Erstwhile known as IBM Daksh Business Process Services Pvt. Ltd.)
Supreme Court

SC: Dismisses Revenue’s SLP; HC upheld TP-adjustment deletion on commission payment to AE

  • In Favour of Revenue
  • Citation Number : TS-96-SC-2019-TP
  • Tax Payer : Sun Pharmaceutical Industries Ltd
High Court

HC:Allows Revenue's rectification application; No functional similarity between GAP & Li & Fung India

  • In Favour of Both, Partially
  • Citation Number : TS-1439-HC-2018(DEL)-TP
  • Tax Payer : Gap International Sourcing India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Territorial nexus must for Sec 9 taxability; Restores profit attribution of agency-commission

  • In Favour of Both, Partially
  • Citation Number : TS-95-ITAT-2019(Mum)-TP
  • Tax Payer : Fox International Channel Asia Pacific Ltd (Formerly known as Satellite Television Asia Region Ltd.)
Income tax Appellate Tribunal

ITAT: Remits 5 comparables for ITeS-provider for consideration of assessee’s submissions

  • In Favour of Assessee
  • Citation Number : TS-94-ITAT-2019(Bang)-TP
  • Tax Payer : IHS Global Private Limited (formerly known as IHS Parts Managements Private Limited)
Income tax Appellate Tribunal

ITAT: Upholds TNMM for benchmarking exports; Sale to non-AEs not suitable internal-CUP

  • In Favour of Assessee
  • Citation Number : TS-93-ITAT-2019(Mum)-TP
  • Tax Payer : Firmenich Aromatics Production (India) Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on preference shares redemption; Accepts corporate guarantee ALP at 1%

  • In Favour of Assessee
  • Citation Number : TS-92-ITAT-2019(Mum)-TP
  • Tax Payer : Aegis Limited
Income tax Appellate Tribunal

ITAT: Deletes adjustment on loan, accepts assessee’s LIBOR+ 400 bps interest rate; Follows Precedents

  • In Favour of Assessee
  • Citation Number : TS-91-ITAT-2019(Mum)-TP
  • Tax Payer : Manugraph India Limited
Income tax Appellate Tribunal

ITAT: Deletes AMP adjustment on protective basis, BLT unsustainable; Follows earlier year orders

  • In Favour of Assessee
  • Citation Number : TS-90-ITAT-2019(DEL)-TP
  • Tax Payer : Nikon India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects aggregation of international & domestic segments for benchmarking IT-services; Remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-89-ITAT-2019(DEL)-TP
  • Tax Payer : Fujitsu India Pvt Ltd
High Court

HC:Dismisses Revenue’s appeal against ITAT-order on comparables, AE-receivables absent question of law

  • In Favour of Assessee
  • Citation Number : TS-88-HC-2019(DEL)-TP
  • Tax Payer : INDUCTIS (INDIA) PVT LTD