Rulings ( 11972 results )

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Income tax Appellate Tribunal

ITAT: Directs working capital adjustment re-computation without applying Safe Harbour Rules; Follows Rolls-Royce ruling

  • In Favour of Both, Partially
  • Citation Number : TS-1010-ITAT-2018(DEL)-TP
  • Tax Payer : BT (India) Pvt Ltd
High Court

HC:Allows Hewlett Packard India to withdraw appeal against ITAT-order on comparables

  • In Favour of Assessee
  • Citation Number : TS-1009-HC-2018(KAR)-TP
  • Tax Payer : Hewlett Packard (India) Software Operation Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs DRP to consider TP-study report though not originally submitted before TPO

  • In Favour of Assessee
  • Citation Number : TS-1008-ITAT-2018(CHNY)-TP
  • Tax Payer : Mos Metro India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remands isssue of TP-adjustment towards notional interest on delayed AE receivables

  • In Favour of Both, Partially
  • Citation Number : TS-1007-ITAT-2018(DEL)-TP
  • Tax Payer : Gillette Diversified Pvt Ltd
Income tax Appellate Tribunal

ITAT:Restores penalty on marketing intangible issue considering remand in quantum proceedings

  • In Favour of Assessee
  • Citation Number : TS-1006-ITAT-2018(DEL)-TP
  • Tax Payer : LG Electronics India (P) Ltd
Income tax Appellate Tribunal

ITAT: Excludes 5 functionally dissimilar comparables for ITes- provider, Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1005-ITAT-2018(DEL)-TP
  • Tax Payer : OSC Services Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP adjustment in respect of corporate guarantee, Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-1004-ITAT-2018(Mum)-TP
  • Tax Payer : Grindwell Norton Ltd
High Court

HC: Allows assessee’s appeal withdrawal; ITAT upheld Sec 263-revision on Sec 10A claim on TP-addition

  • In Favour of Both, Partially
  • Citation Number : TS-1003-HC-2018(KAR)-TP
  • Tax Payer : Msource (India) Pvt Ltd
High Court

HC:Upholds Tribunal’s remand of royalty benchmarking as not entirely ‘academic exercise’

  • In Favour of Revenue
  • Citation Number : TS-1002-HC-2018(KAR)-TP
  • Tax Payer : Toyota Kirloskar Motor (P) Ltd
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar Bodhtree & Kals, follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-1001-ITAT-2018(PUN)-TP
  • Tax Payer : Nihilent Limited (Formerly Nihilent Technologies Limited)
Income tax Appellate Tribunal

ITAT:Extends stay absent change in facts from date of earlier stay order

  • In Favour of Assessee
  • Citation Number : TS-1000-ITAT-2018(Bang)-TP
  • Tax Payer : Sobha City
Income tax Appellate Tribunal

ITAT:Restores ALP-determination of management fee payment to AE; Follows earlier-orders

  • In Favour of Assessee
  • Citation Number : TS-999-ITAT-2018(Bang)-TP
  • Tax Payer : Adcock Ingram Limited
Income tax Appellate Tribunal

ITAT:Remits ALP issues as necessary details/computation not confronted to AO/ TPO

  • In Favour of Assessee
  • Citation Number : TS-998-ITAT-2018(DEL)-TP
  • Tax Payer : W Diamant India Ltd
High Court

HC: Upholds ITAT’s acceptance of RPM as MAM for distributor; Follows Softbrands

  • In Favour of Assessee
  • Citation Number : TS-997-HC-2018(KAR)-TP
  • Tax Payer : A.O. Smith India Water Heating Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits directors-remuneration expenditure falling under erstwhile specified domestic transaction provisions; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-996-ITAT-2018(Bang)-TP
  • Tax Payer : Texport Overseas Private Limited
High Court

HC:Dismisses Revenue’s appeal against working capital adjustment TP-issue; Follows Softbrands

  • In Favour of Assessee
  • Citation Number : TS-995-HC-2018(KAR)-TP
  • Tax Payer : Zyme Solutions Pvt Ltd
High Court

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

  • In Favour of Assessee
  • Citation Number : TS-994-HC-2018(KAR)-TP
  • Tax Payer : Broadcom India Research Pvt Ltd
High Court

HC:Upholds treatment of extra credit period as separate international transaction; Follows Softbrands

  • In Favour of Assessee
  • Citation Number : TS-993-HC-2018(KAR)-TP
  • Tax Payer : AMD India Pvt. Ltd (Formerly Known as AMD R&D Centre India Pvt. Ltd)
High Court

HC: Upholds ITAT’s acceptance of RPM as MAM for distributor; Follows Softbrands

  • In Favour of Assessee
  • Citation Number : TS-992-HC-2018(KAR)-TP
  • Tax Payer : A.O. Smith India Water Heating Pvt Ltd
High Court

HC: Upholds ITAT-order allowing benefit of 5 variation; Follows Softbrands

  • In Favour of Assessee
  • Citation Number : TS-991-HC-2018(KAR)-TP
  • Tax Payer : Molex Mafatlal Micron Pvt Ltd (now merged with Molex India Ltd)