Rulings ( 11972 results )

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Foreign Court

FC: Ninth Circuit withdraws Altera opinion validating IRS-Regulation providing for sharing stock-based compensation costs

  • In Favour of Revenue
  • Citation Number : TS-1512-FC-2018(USA)-TP
  • Tax Payer : Altera Corporation & Subsidiaries
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on non-binding advisory services, excludes Motilal Oswal as comparable

  • In Favour of Assessee
  • Citation Number : TS-800-ITAT-2018(Mum)-TP
  • Tax Payer : IIML Assets Advisors Ltd (Formerly known as Saffron Asset Advisors Pvt. Ltd.,)
Income tax Appellate Tribunal

ITAT: Rejects TPO’s KPO characterization for assessee rendering software services; Remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-799-ITAT-2018(Bang)-TP
  • Tax Payer : Open Silicon Research Pvt Ltd
Income tax Appellate Tribunal

ITAT: Cannot compare refrigeration of movable items with immovable items refrigeration, remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-798-ITAT-2018(DEL)-TP
  • Tax Payer : Carrier Air-conditioning & Refrigeration Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables for ITeS-provider; Deletes TP-adjustment on outstanding AE-receivables

  • In Favour of Assessee
  • Citation Number : TS-797-ITAT-2018(HYD)-TP
  • Tax Payer : C3i Support Services Private Limited
Income tax Appellate Tribunal

ITAT:Dismisses Revenue’s appeal as TP-issues already remitted while deciding assessee’s appeal

  • In Favour of Both, Partially
  • Citation Number : TS-796-ITAT-2018(Bang)-TP
  • Tax Payer : Wipro GE Healthcare Pvt Ltd (For the merged GE Medical System (India) Pvt. Ltd.,)
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment on CCDs borrowed by assessee; Directs consideration of co-ordinate bench ruling

  • In Favour of Both, Partially
  • Citation Number : TS-795-ITAT-2018(Bang)-TP
  • Tax Payer : Adamas Builders Pvt Ltd
High Court

HC: Derides Revenue for filing TP-appeals on comparables selection in ‘ritualistic manner’

  • In Favour of Revenue
  • Citation Number : TS-787-HC-2018(BOM)-TP
  • Tax Payer : Barclays Technology Centre India Private Ltd
High Court

HC: Upholds ITAT-order quashing assessment; Draft order issue necessary even in remand proceedings

  • In Favour of Assessee
  • Citation Number : TS-773-HC-2018(BOM)-TP
  • Tax Payer : Andrew Telecommunications Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes depreciation disallowance on IPR considering TP-adjustment deletion towards IPR-valuation

  • In Favour of Assessee
  • Citation Number : TS-771-ITAT-2018(Mum)-TP
  • Tax Payer : Gharda Chemicals Ltd
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s miscellaneous petition against ITAT’s TP-adjustment on outstanding AE-receivables

  • In Favour of Revenue
  • Citation Number : TS-770-ITAT-2018(Bang)-TP
  • Tax Payer : Ingersoll Rand (India) Ltd
Income tax Appellate Tribunal

ITAT:Upholds CIT(A) order, excludes Gitanjali Exports citing product dissimilarity

  • In Favour of Assessee
  • Citation Number : TS-769-ITAT-2018(Mum)-TP
  • Tax Payer : Uni Design Jewellery Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-determination of AMP-adjustment after ascertaining ‘real nature’ of assessee-AE relationship

  • In Favour of Both, Partially
  • Citation Number : TS-768-ITAT-2018(Bang)-TP
  • Tax Payer : Epson India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Dismisses request for stay extension as appeal already disposed off

  • In Favour of Both, Partially
  • Citation Number : TS-767-ITAT-2018(Bang)-TP
  • Tax Payer : Epson India Pvt Ltd
High Court

HC: Upholds ICRA-Online inclusion; Rejects assessee’s water tight classification for KPO-BPO

  • In Favour of Revenue
  • Citation Number : TS-766-HC-2018(KAR)-TP
  • Tax Payer : Swiss Re global Business Solutions India Pvt Ltd [formerly known as Swiss Re Shared services (India) Pvt Ltd]
High Court

HC: DRP's refusal to condone delay not 'direction' u/s 144C(5); Confirms CIT(A) appeal route

  • In Favour of Revenue
  • Citation Number : TS-759-HC-2018(MAD)-TP
  • Tax Payer : Inno Estates Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on royalty/ intra-group services; TPO cannot determine ALP on estimated basis

  • In Favour of Assessee
  • Citation Number : TS-758-ITAT-2018(Mum)-TP
  • Tax Payer : Firmenich Aromatics India P Ltd
Income tax Appellate Tribunal

ITAT: Accepts assessee’s contentions on comparable selection for software development service

  • In Favour of Assessee
  • Citation Number : TS-757-ITAT-2018(DEL)-TP
  • Tax Payer : Clear 2 Pay India Pvt Ltd (Earlier known as ISIS Infotech Solutions Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on provision of market information services; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-756-ITAT-2018(Mum)-TP
  • Tax Payer : Safilo India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-determination of software sale; Rejects assessee’s contention of comparables non-availability

  • In Favour of Both, Partially
  • Citation Number : TS-755-ITAT-2018(CHNY)-TP
  • Tax Payer : Siemens Limited (Successor in interest to Siemens Building Technologies Pvt. Ltd.,)