Rulings ( 11972 results )

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Income tax Appellate Tribunal

ITAT: Dismisses miscellaneous petition against ITAT order quashing assessment on non-existent entity

  • In Favour of Assessee
  • Citation Number : TS-1030-ITAT-2018(Bang)-TP
  • Tax Payer : GE Medical Systems (India) Pvt Ltd (since merged with Wipro GE Healthcare Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Assessee’s ‘commercial wisdom’ to be considered for intra-group services benchmarking; Remits issue

  • In Favour of Assessee
  • Citation Number : TS-1029-ITAT-2018(DEL)-TP
  • Tax Payer : Borgwarner Emissions Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on AMP expenditure, rejects Bright Line Test for ALP-determination

  • In Favour of Assessee
  • Citation Number : TS-1028-ITAT-2018(Mum)-TP
  • Tax Payer : Johnson And Johnson Pvt Ltd
Supreme Court

SC: Dismisses Revenue’s SLP; HC quashed AO’s final assessment sans draft order post-remand

  • In Favour of Assessee
  • Citation Number : TS-1027-SC-2018-TP
  • Tax Payer : Nokia India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes adjustment on receivables for debt-free assessee; Rules on comparable selection

  • In Favour of Assessee
  • Citation Number : TS-1026-ITAT-2018(DEL)-TP
  • Tax Payer : Bechtel India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on FCCDs interest, follows earlier ITAT ruling

  • In Favour of Assessee
  • Citation Number : TS-1025-ITAT-2018(DEL)-TP
  • Tax Payer : Granite Gate Properties Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s appeal on TP- grounds as infructuous considering resolution under APA

  • In Favour of Both, Partially
  • Citation Number : TS-1024-ITAT-2018(Mum)-TP
  • Tax Payer : India Capital Research & Advisor Pvt Ltd
Income tax Appellate Tribunal

ITAT:Refuses to deal with ground on foreign comparables as issue merely academic

  • In Favour of Assessee
  • Citation Number : TS-1022-ITAT-2018(Mum)-TP
  • Tax Payer : Tata Motors European Technical Centre Plc
Income tax Appellate Tribunal

ITAT: Upholds guarantee commission ALP at 0.5% as against TPO’s 2.25%; Follows Everest Kento

  • In Favour of Assessee
  • Citation Number : TS-1021-ITAT-2018(Mum)-TP
  • Tax Payer : Rolta India Ltd
Income tax Appellate Tribunal

ITAT:Corporate guarantee outside 'international transaction' ambit, follows earlier year ITAT-ruling

  • In Favour of Assessee
  • Citation Number : TS-1020-ITAT-2018(Kol)-TP
  • Tax Payer : EIH Limited
Income tax Appellate Tribunal

ITAT:Remits AMP-issue considering assessee’s non-compliance before TPO; Tribunal mainly an adjudicator, not investigator

  • In Favour of Both, Partially
  • Citation Number : TS-1019-ITAT-2018(Bang)-TP
  • Tax Payer : Stanley Black & Decker India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Focus of AMP-spend on increasing sales, not benefit to AE; Deletes adjustment

  • In Favour of Assessee
  • Citation Number : TS-1018-ITAT-2018(DEL)-TP
  • Tax Payer : Sennheiser Electronics India Ltd
Income tax Appellate Tribunal

ITAT: Grants stay extension to Alcatel Lucent subject to 25% outstanding demand deposit

  • In Favour of Both, Partially
  • Citation Number : TS-1017-ITAT-2018(DEL)-TP
  • Tax Payer : ALcatel Lucent India Ltd
High Court

HC: Upholds ITAT's order excluding Motilal Oswal as comparable; Dismisses Revenue's appeal

  • In Favour of Assessee
  • Citation Number : TS-1016-HC-2018(BOM)-TP
  • Tax Payer : NVP Venture Capital India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Microsoft’s 113 patentable inventions through software development in India clinches characterization as contract R&D

  • In Favour of Both, Partially
  • Citation Number : TS-1015-ITAT-2018(DEL)-TP
  • Tax Payer : Microsoft India (R&D) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Excludes functionally different Motilal Oswal as comparable for investment sub-advisor

  • In Favour of Assessee
  • Citation Number : TS-1014-ITAT-2018(Mum)-TP
  • Tax Payer : Sandstone Capital Advisors Pvt Ltd
Income tax Appellate Tribunal

ITAT: Admits audited segmental accounts as additional evidence; Remits ALP-determination

  • In Favour of Both, Partially
  • Citation Number : TS-1013-ITAT-2018(DEL)-TP
  • Tax Payer : Infrasoft Technologies Limited
Income tax Appellate Tribunal

ITAT: Restores comparables selection in sales-support segment and provision of management services TP-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-1012-ITAT-2018(DEL)-TP
  • Tax Payer : Converse Network Systems (India) Pvt Ltd
Foreign Court

FC: European Commission : McDonald's Luxembourg tax rulings not illegal state aid despite double non-taxation

  • In Favour of Revenue
  • Citation Number : TS-1514-FC-2018-TP
  • Tax Payer : McDonald's
Income tax Appellate Tribunal

ITAT: Assessee/AO can’t change Tribunal’s specific directions on stay without approaching the bench

  • In Favour of Both, Partially
  • Citation Number : TS-1011-ITAT-2018(Bang)-TP
  • Tax Payer : Subex Ltd