Rulings ( 11633 results )

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High Court

HC:Market Research Users Council incomparable to commercial organization , working pattern & model dissimilar

Oct 09, 2018
  • In Favour of Assessee
  • Citation Number : TS-1098-HC-2018(DEL)-TP
  • Tax Payer : Belkin India Private Ltd
Income tax Appellate Tribunal

ITAT: Confirms Sec 271(1)(c)-penalty order on TP-adjustment suffers from ‘ambiguity’ defect absent Explanation 7 reference

Oct 09, 2018
  • In Favour of Assessee
  • Citation Number : TS-1097-ITAT-2018(PUN)-TP
  • Tax Payer : Carraro Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on outstanding AE-receivables; Follows earlier order

Oct 09, 2018
  • In Favour of Assessee
  • Citation Number : TS-1095-ITAT-2018(Ahd)-TP
  • Tax Payer : Bisazza India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables selection for software developer assessee, follows precedents

Oct 09, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1092-ITAT-2018(Bang)-TP
  • Tax Payer : AT & T Global Business Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds application of Rs.200 – 2000cr turnover filter; Follows Genisys Integrating ruling

Oct 09, 2018
  • In Favour of Assessee
  • Citation Number : TS-1090-ITAT-2018(Mum)-TP
  • Tax Payer : Thomson Reuters International Services Pvt Ltd (Successor in interst to Thomson Reuters India Services Pvt. Ltd.)
High Court

HC: Upholds TP-adjustment deletion as Revenue failed to justify ALP-determination with comparables

Oct 09, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1089-HC-2018(GUJ)-TP
  • Tax Payer : SABIC INNOVATIVE PLASTIC INDIA PRIVATE LIMITED
Income tax Appellate Tribunal

ITAT:Outstanding AE-receivables not separate international transaction considering sales margin can factor interest

Oct 09, 2018
  • In Favour of Assessee
  • Citation Number : TS-1088-ITAT-2018(JPR)-TP
  • Tax Payer : Vijay Solvex Limited
High Court

HC:DRP’s issuance of directions cannot be ‘empty formality’, independent reasoning & findings must

Oct 08, 2018
  • In Favour of Assessee
  • Citation Number : TS-1087-HC-2018(MAD)-TP
  • Tax Payer : Renault Nissan Automotive India Private Ltd and Nissan Motor India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes assessment absent issue of mandatory Sec 143(1) notice by competent AO

Oct 08, 2018
  • In Favour of Assessee
  • Citation Number : TS-1086-ITAT-2018(Kol)-TP
  • Tax Payer : Lexmark International (India) Pvt Ltd
High Court

HC:Upholds ITAT’s grant of stay beyond 365 days; Delay not attributable to assessee

Oct 05, 2018
  • In Favour of Assessee
  • Citation Number : TS-1085-HC-2018(P & H)-TP
  • Tax Payer : Comverse Network Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT: No adjustment on intra-group services between domestic related-parties absent markup; Remits issue

Oct 05, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1084-ITAT-2018(DEL)-TP
  • Tax Payer : Verizon India Pvt Ltd
High Court

HC: Disposes writ petition granting liberty to assessee to file appeal before ITAT

Oct 05, 2018
  • In Favour of Both, Partially
  • Citation Number : TS-1083-HC-2018(MAD)-TP
  • Tax Payer : CET Power Solutions India Pvt Ltd
High Court

HC:Quashes TPO’s imposition of Sec 271G-penalty absent jurisdiction prior to 2014 amendment

Oct 05, 2018
  • In Favour of Assessee
  • Citation Number : TS-1080-HC-2018(DEL)-TP
  • Tax Payer : Ericsson India Private Ltd
Supreme Court

SC: Dismisses Revenue’s SLP with respect to TP-adjustment on AE loans & receivable

Oct 04, 2018
  • In Favour of Revenue
  • Citation Number : TS-1079-SC-2018-TP
  • Tax Payer : Vaibhav Gems Ltd
Income tax Appellate Tribunal

ITAT:Grants stay extension as demand partly deposited and appeal partly heard

Oct 04, 2018
  • In Favour of Assessee
  • Citation Number : TS-1078-ITAT-2018(Bang)-TP
  • Tax Payer : Essilor India Pvt Ltd
High Court

HC: Comparable selection, not necessarily question of law; Dismisses Revenue's appeal following Barclays-ruling

Oct 04, 2018
  • In Favour of Assessee
  • Citation Number : TS-1077-HC-2018(BOM)-TP
  • Tax Payer : TIBCO Software (India) Pvt Ltd
High Court

HC:Directs DRP to consider assessee’s rectification on TP-issue along with its own application

Oct 04, 2018
  • In Favour of Assessee
  • Citation Number : TS-1076-HC-2018(MAD)-TP
  • Tax Payer : Regen Powertech Private Limited
High Court

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

Oct 04, 2018
  • In Favour of Revenue
  • Citation Number : TS-1075-HC-2018(KAR)-TP
  • Tax Payer : AT & T Global Business Services India Pvt Ltd
High Court

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

Oct 04, 2018
  • In Favour of Revenue
  • Citation Number : TS-1074-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 04, 2018
  • In Favour of Revenue
  • Citation Number : TS-1073-HC-2018(KAR)-TP
  • Tax Payer : Ariba Technologies India Pvt Ltd