Rulings ( 11972 results )

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Income tax Appellate Tribunal

ITAT: Accepts 0.5% as guarantee commission ALP; Follows Everest Kento HC ruling

  • In Favour of Both, Partially
  • Citation Number : TS-1295-ITAT-2018(Mum)-TP
  • Tax Payer : UTV Software Communications Limited
High Court

HC: Directs ITAT to examine Cybermate's comparability, specially focusing on PTC-Software ruling applicability

  • In Favour of Both, Partially
  • Citation Number : TS-1294-HC-2018(BOM)-TP
  • Tax Payer : Lionbridge Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Includes CGA-AVK as comparable for software developer; Treats forex-gain as operating income

  • In Favour of Both, Partially
  • Citation Number : TS-1293-ITAT-2018(Ahd)-TP
  • Tax Payer : Gateway Technolabs Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds TPO’s negative working-capital adjustment for software developer; Rules on comparables selection

  • In Favour of Assessee
  • Citation Number : TS-1292-ITAT-2018(Bang)-TP
  • Tax Payer : Coreone Technologies India P Ltd (Formerly known :s Mis. Capco IT Services India P. Ltd)
Income tax Appellate Tribunal

ITAT:Sets aside DRP’s non-speaking, cryptic order on comparables selection; Remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-1291-ITAT-2018(Bang)-TP
  • Tax Payer : Dell International Services India P Ltd (Merged with Sonic Wall Info Security P. Ltd)
Income tax Appellate Tribunal

ITAT: Rules on comparables in ITeS/ Marketing-support segments; Rejects Nil-ALP for fixed assets purchase

  • In Favour of Both, Partially
  • Citation Number : TS-1290-ITAT-2018(DEL)-TP
  • Tax Payer : Avaya India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on reimbursement of Walmart Inc’s employees’ salaries; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-1289-ITAT-2018(DEL)-TP
  • Tax Payer : WM India Technical & Consulting Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes AMP, royalty TP-adjustments following earlier orders; Remits intra-group services TP-issue

  • In Favour of Both, Partially
  • Citation Number : TS-1288-ITAT-2018(Mum)-TP
  • Tax Payer : Mondelez India Foods Pvt Ltd (Formerly known as M/s. Cadbury India Ltd.)
Income tax Appellate Tribunal

ITAT: Excludes 3 functionally dissimilar comparables in assessee’s technical support services segment

  • In Favour of Assessee
  • Citation Number : TS-1287-ITAT-2018(DEL)-TP
  • Tax Payer : Kyocera Asia Pacific India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for ITeS-provider; Directs AO to compute revised TP-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-1286-ITAT-2018(DEL)-TP
  • Tax Payer : Eigen Technical Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables selection for investment-advisor, Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1285-ITAT-2018(Mum)-TP
  • Tax Payer : Carlyle India Advisors Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-benchmarking of corporate guarantee & interest on AE-loan transactions

  • In Favour of Both, Partially
  • Citation Number : TS-1284-ITAT-2018(Bang)-TP
  • Tax Payer : Sasken Technologies Ltd
Income tax Appellate Tribunal

ITAT:Quashes reassessment post SC-order holding reassessment notice alleging PE as unsustainable

  • In Favour of Assessee
  • Citation Number : TS-1283-ITAT-2018(DEL)-TP
  • Tax Payer : Honda Motor Co Ltd
Income tax Appellate Tribunal

ITAT: Includes SIP Technologies as comparable for software developer, rejects Revenue’s persistent loss-maker claim

  • In Favour of Assessee
  • Citation Number : TS-1282-ITAT-2018(PUN)-TP
  • Tax Payer : Renishaw Metrology Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits DRP’s cryptic order on comparables selection for investment advisory service provider

  • In Favour of Assessee
  • Citation Number : TS-1281-ITAT-2018(DEL)-TP
  • Tax Payer : Wolfensohn India Advisors Pvt Ltd
Income tax Appellate Tribunal

ITAT: Functionally similar company cannot be excluded, merely for following different accounting-year; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1280-ITAT-2018(Mum)-TP
  • Tax Payer : Maersk Global Service Centre India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Corporate guarantee not international transaction pre-2012; Upholds LIBOR for benchmarking foreign-currency AE-loans

  • In Favour of Assessee
  • Citation Number : TS-1279-ITAT-2018(Kol)-TP
  • Tax Payer : Britannia Industries Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on RBI/SIA approved royalty payment to AE; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-1278-ITAT-2018(PUN)-TP
  • Tax Payer : Spicer India Pvt Ltd (Formerly known as Spicer India Ltd.)
Income tax Appellate Tribunal

ITAT:Upholds TP-adjustment deletion on corporate guarantee & AE-loan; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-1277-ITAT-2018(Kol)-TP
  • Tax Payer : Manaksia Ltd
Income tax Appellate Tribunal

ITAT: Excludes 2 functionally dissimilar companies for software developer; Includes 1 non-persistent loss maker

  • In Favour of Assessee
  • Citation Number : TS-1276-ITAT-2018(PUN)-TP
  • Tax Payer : SAS Research and Development (India) Pvt Ltd