Rulings ( 11972 results )

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Income tax Appellate Tribunal

ITAT:Recalls Tribunal’s order passed ex-parte due to assessee's non-appearance

  • In Favour of Assessee
  • Citation Number : TS-1161-ITAT-2018(Bang)-TP
  • Tax Payer : Faurecia Automotive Seating India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rules on comparables selection & working-capital adjustment for financial data processing provider

  • In Favour of Assessee
  • Citation Number : TS-1160-ITAT-2018(DEL)-TP
  • Tax Payer : Markit India Services Pvt Ltd
Income tax Appellate Tribunal

ITAT:Quashes reopening to disallow advertisement expenses absent tangible material on record

  • In Favour of Assessee
  • Citation Number : TS-1159-ITAT-2018(DEL)-TP
  • Tax Payer : Yamaha Motor India Sales Pvt Ltd
Income tax Appellate Tribunal

ITAT: Restores ALP-adjustment on various transaction following earlier year ITAT order

  • In Favour of Both, Partially
  • Citation Number : TS-1158-ITAT-2018(Kol)-TP
  • Tax Payer : Epcos India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects Nil ALP-determination of management fee, upholds aggregated benchmarking

  • In Favour of Both, Partially
  • Citation Number : TS-1157-ITAT-2018(Mum)-TP
  • Tax Payer : Sulzer Pumps India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Assessee not contract manufacturer; Restores ALP-computation of royalty & technical knowhow expenses

  • In Favour of Both, Partially
  • Citation Number : TS-1156-ITAT-2018(Mum)-TP
  • Tax Payer : Sulzer Pumps India Pvt Ltd
Supreme Court

SC: Dismisses Revenue’s appeal against HC order deleting TP-documentation penalty order

  • In Favour of Assessee
  • Citation Number : TS-1155-SC-2018-TP
  • Tax Payer : Gillette India Ltd
Income tax Appellate Tribunal

ITAT: Restricts TP-adjustment to international transaction; Remits MAM-selection for assessee’s engineering design services

  • In Favour of Assessee
  • Citation Number : TS-1154-ITAT-2018(PUN)-TP
  • Tax Payer : Magna Steyr India P Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s rejection of Infosys & Satyam as comparables for semiconductor designer assessee

  • In Favour of Assessee
  • Citation Number : TS-1153-ITAT-2018(DEL)-TP
  • Tax Payer : Fresscale Semiconductor India (P) Ltd
Income tax Appellate Tribunal

ITAT: Rejects re-characterization of Redeemable Preference Shares into loan; Stresses on ‘real-income’ principle

  • In Favour of Assessee
  • Citation Number : TS-1151-ITAT-2018(DEL)-TP
  • Tax Payer : Cairn India Ltd
Income tax Appellate Tribunal

ITAT: Upholds DRP’s exclusion of functionally dissimilar Accentia Technology for ITeS-provider

  • In Favour of Assessee
  • Citation Number : TS-1150-ITAT-2018(DEL)-TP
  • Tax Payer : Actis Global Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s appeal considering assessed income determined at NIL post MAP resolution

  • In Favour of Both, Partially
  • Citation Number : TS-1149-ITAT-2018(DEL)-TP
  • Tax Payer : BT Global Communications India Pvt Ltd
Foreign Court

FC: UK Upper Tribunal: Confirms TP-applicability on Bonus Share issue to AE; Distinguishes Vodafone India ruling

  • In Favour of Revenue
  • Citation Number : TS-1515-FC-2018(UK)-TP
  • Tax Payer : THE UNION CASTLE MAIL STEAMSHIP COMPANY LIMITED
Income tax Appellate Tribunal

ITAT: Deletes Sec 271(1)(c) penalty as TP-adjustment on AE-loan deleted in quantum appeal

  • In Favour of Assessee
  • Citation Number : TS-1148-ITAT-2018(Ahd)-TP
  • Tax Payer : Dishman Pharmaceuticals & Chemicals Ltd
Income tax Appellate Tribunal

ITAT:Adopts RPM as MAM for purchase transaction; Rejects Nil-ALP for localisation support payments

  • In Favour of Both, Partially
  • Citation Number : TS-1147-ITAT-2018(DEL)-TP
  • Tax Payer : Mitsubishi Electric Automotive [I] Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds TPO/DRP’s application of 75 export filter considering assessee’s 86 exports

  • In Favour of Both, Partially
  • Citation Number : TS-1146-ITAT-2018(DEL)-TP
  • Tax Payer : Omniglobe Information Technologies (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Accepts CPM as MAM for assessee engaged in tour/travel business; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1145-ITAT-2018(DEL)-TP
  • Tax Payer : Greaves Travel India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Dismisses miscellaneous petition on TP-issues; Can’t agitate issues not raised in original proceedings

  • In Favour of Both, Partially
  • Citation Number : TS-1144-ITAT-2018(Bang)-TP
  • Tax Payer : Mercedes-Benz Research & Development India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits treatment of forward exchange contract premium for computing PLI; Follows Ambattur Clothing

  • In Favour of Assessee
  • Citation Number : TS-1143-ITAT-2018(COCH)-TP
  • Tax Payer : Navigant BPM (India) Private Limited (Formerly known as M/s.RevenueMed India (P) Ltd)
Income tax Appellate Tribunal

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

  • In Favour of Assessee
  • Citation Number : TS-1141-ITAT-2018(Kol)-TP
  • Tax Payer : Organon (India) Pvt Ltd