Rulings ( 11972 results )

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Income tax Appellate Tribunal

ITAT: Dismisses miscellaneous petition against selection of comparables; Review of order impermissible u/s 254(2)

  • In Favour of Revenue
  • Citation Number : TS-969-ITAT-2018(Bang)-TP
  • Tax Payer : Advice America Software Development Center Pvt Ltd
Income tax Appellate Tribunal

ITAT:Quashes reassessment beyond 4 years alleging CUP-availability absent assessee's failure about full disclosure

  • In Favour of Assessee
  • Citation Number : TS-968-ITAT-2018(Kol)-TP
  • Tax Payer : Devansh Exports
Income tax Appellate Tribunal

ITAT: Includes Cyber-Media as comparable for investment advisor; Distinguishes Actis Advisers, Tevapharm rulings

  • In Favour of Both, Partially
  • Citation Number : TS-967-ITAT-2018(Mum)-TP
  • Tax Payer : Mount Kellett Capital Management India Private Limited
Income tax Appellate Tribunal

ITAT: Quashes assessment order on non-existent merged entity, Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-966-ITAT-2018(Bang)-TP
  • Tax Payer : EIT Services India Pvt Ltd (former Hewlett Packard Global Soft Pvt Ltd (in the case of erstwhile M/s.RelQ Software Pvt Ltd))
Income tax Appellate Tribunal

ITAT:Remits TP- issues related to expense reimbursements and corporate guarantee

  • In Favour of Assessee
  • Citation Number : TS-965-ITAT-2018(CHANDI)-TP
  • Tax Payer : Punjab Chemicals & Crop Protection Ltd
Income tax Appellate Tribunal

ITAT:Deletes royalty addition; Assessee not contract manufacturer, AE purchases/ sales percentage negligible

  • In Favour of Assessee
  • Citation Number : TS-964-ITAT-2018(DEL)-TP
  • Tax Payer : Asahi India Glass Ltd
Income tax Appellate Tribunal

ITAT:Rejects TPO’s conclusion that loss indicates value-added functions, upholds RPM

  • In Favour of Assessee
  • Citation Number : TS-963-ITAT-2018(Bang)-TP
  • Tax Payer : Citizen Watches (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs consideration of segmental results noting different activities in IT & trading segments

  • In Favour of Assessee
  • Citation Number : TS-962-ITAT-2018(Mum)-TP
  • Tax Payer : Progress Software Solution (India) Private Limited
High Court

HC:Dismisses Revenue’s grounds on corporate guarantee TP-adjustment & share application money re-characterization

  • In Favour of Assessee
  • Citation Number : TS-960-HC-2018(BOM)-TP
  • Tax Payer : Couceutrix Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Dismisses assessee’s appeal as withdrawn as ALP of ITeS-transaction within 5 tolerance-range

  • In Favour of Both, Partially
  • Citation Number : TS-959-ITAT-2018(DEL)-TP
  • Tax Payer : M/s Futures First Info Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds TNMM over CUP for benchmarking pharma company’s sales; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-958-ITAT-2018(Ahd)-TP
  • Tax Payer : Dishman Pharmaceuticals & Chemicals Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment towards performance guarantee, relies upon Suzlon ITAT rulin

  • In Favour of Assessee
  • Citation Number : TS-957-ITAT-2018(Ahd)-TP
  • Tax Payer : Mastek Limited
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar Mold Tek as comparable for ITeS provider; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-956-ITAT-2018(DEL)-TP
  • Tax Payer : WNS Business Consulting Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables selection for software developer and IT enabled services provider

  • In Favour of Both, Partially
  • Citation Number : TS-955-ITAT-2018(DEL)-TP
  • Tax Payer : Cadence Design Systems (I) P Ltd
Income tax Appellate Tribunal

ITAT: Excludes 1 functionally dissimilar company & remits 7 comparables for software developer

  • In Favour of Both, Partially
  • Citation Number : TS-954-ITAT-2018(Bang)-TP
  • Tax Payer : Telsima Communications Pvt Ltd
Income tax Appellate Tribunal

ITAT:Excludes giant companies, KPOs for captive ITES-provider; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-953-ITAT-2018(DEL)-TP
  • Tax Payer : NTT DATA Global Delivery Services Ltd
High Court

HC: Upholds ITAT-order deleting TP-adjustment noting transaction's ALP accepted in AE's hands; Follows Softbrands

  • In Favour of Assessee
  • Citation Number : TS-951-HC-2018(KAR)-TP
  • Tax Payer : U E Development India Pvt Ltd
High Court

HC: Upholds ITAT-order allowing +/-5% benefit under Sec 92C proviso; Follows Softbrands ruling

  • In Favour of Assessee
  • Citation Number : TS-950-HC-2018(KAR)-TP
  • Tax Payer : UAE Exchange and Financial Services Ltd
High Court

HC:Upholds ITAT’s direction to adopt 15 RPT filter; Follows Softbrands ruling

  • In Favour of Assessee
  • Citation Number : TS-949-HC-2018(KAR)-TP
  • Tax Payer : Torry Harris Business Solutions Pvt Ltd
High Court

HC: Upholds ITAT-order on capacity adjustment, adoption of 0.5% as guarantee-ALP etc.; Follows Softbrands

  • In Favour of Assessee
  • Citation Number : TS-948-HC-2018(KAR)-TP
  • Tax Payer : Sami Labs