Rulings ( 11633 results )

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Income tax Appellate Tribunal

ITAT: Remits comparable selection and ALP-computation for assessee's content development service

Oct 17, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1119-ITAT-2018(DEL)-TP
  • Tax Payer : Element K India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds AE-loan as foreign currency loan; Advancing loan from Indian account, irrelevant

Oct 16, 2018
  • In Favour of Assessee
  • Citation Number : TS-1118-ITAT-2018(DEL)-TP
  • Tax Payer : Siegwerk India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits ALP-determination as assessee accepted recharacterization as engineering design service provider

Oct 16, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1117-ITAT-2018(CHNY)-TP
  • Tax Payer : GE Power Conversion India Private Limited, (Successor to GE Power Conversion Technology Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Remits depreciation disallowance considering ALP-determination of trademark purchase remanded in earlier AY

Oct 16, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1116-ITAT-2018(DEL)-TP
  • Tax Payer : Fabindia Overseas Pvt Ltd
High Court

HC: Dismisses Revenue's appeal on comparable selection for provider of investment advisory services

Oct 16, 2018
  • In Favour of Assessee
  • Citation Number : TS-1115-HC-2018(BOM)-TP
  • Tax Payer : Arisaig Partner India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects assessee’s adjustment claim citing delay in obtaining RBI permission for ECB

Oct 16, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1114-ITAT-2018(VIZ)-TP
  • Tax Payer : Lewek Altair Shipping Private Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-determination of management fee payment ; Benefit derived explained by assessee

Oct 12, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1113-ITAT-2018(DEL)-TP
  • Tax Payer : Donaldson India Filter Systems Private Limited
Income tax Appellate Tribunal

ITAT:Dismisses stay but directs no coercive measures for Epson India’s demand recovery

Oct 12, 2018
  • In Favour of Assessee
  • Citation Number : TS-1112-ITAT-2018(Bang)-TP
  • Tax Payer : Epson India Pvt Ltd
High Court

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

Oct 11, 2018
  • In Favour of Revenue
  • Citation Number : TS-1110-HC-2018(KAR)-TP
  • Tax Payer : CAE Simulation Technologies Pvt Ltd
High Court

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

Oct 11, 2018
  • In Favour of Revenue
  • Citation Number : TS-1109-HC-2018(KAR)-TP
  • Tax Payer : AMD India Pvt Ltd
High Court

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

Oct 11, 2018
  • In Favour of Revenue
  • Citation Number : TS-1108-HC-2018(KAR)-TP
  • Tax Payer : Arowana Consulting Ltd
High Court

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

Oct 11, 2018
  • In Favour of Revenue
  • Citation Number : TS-1107-HC-2018(KAR)-TP
  • Tax Payer : CAE Simulation Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts ALP-determination based on PLI for 6 months period before restructuring

Oct 11, 2018
  • In Favour of Assessee
  • Citation Number : TS-1106-ITAT-2018(DEL)-TP
  • Tax Payer : ERICSSON Telephone Corporation India AB [India Branch]
High Court

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

Oct 11, 2018
  • In Favour of Revenue
  • Citation Number : TS-1105-HC-2018(KAR)-TP
  • Tax Payer : MERITOR LVS INDIA PVT LTD (PRESENTLY KNOWN AS INTEVA PRODUCTS INDIA AUTOMOTIVE PVT. LTD.)
High Court

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

Oct 11, 2018
  • In Favour of Revenue
  • Citation Number : TS-1104-HC-2018(KAR)-TP
  • Tax Payer : MISYS SOFTWARE SOLUTIONS INDIA (P) LTD
Income tax Appellate Tribunal

ITAT: Rules on comparables selection for investment advisor; Follows precedents

Oct 10, 2018
  • In Favour of Assessee
  • Citation Number : TS-1103-ITAT-2018(Mum)-TP
  • Tax Payer : Goldman Sachs Asset Management (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)-order considering bad debts written-off as operating item for margin computation

Oct 10, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1102-ITAT-2018(Bang)-TP
  • Tax Payer : JDA Software Private Limited (formerly i2 Technologies India Private Limited)
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on corporate guarantee & AE-loan; Follows EIH ruling

Oct 10, 2018
  • In Favour of Assessee
  • Citation Number : TS-1101-ITAT-2018(Kol)-TP
  • Tax Payer : Manaksia Limited
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment towards foreign travel expenses noting full details furnished before TPO

Oct 10, 2018
  • In Favour of Assessee
  • Citation Number : TS-1100-ITAT-2018(Mum)-TP
  • Tax Payer : Essar Power Limited
Income tax Appellate Tribunal

ITAT:Upholds assessee's aggregated benchmarking approach and TNMM with external comparables

Oct 10, 2018
  • In Favour of Assessee
  • Citation Number : TS-1099-ITAT-2018(PUN)-TP
  • Tax Payer : Cummins India Limited