Rulings ( 11972 results )

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Income tax Appellate Tribunal

ITAT: Sets aside DRP-order absent proper analysis of factual matrix, remits issue

  • In Favour of Assessee
  • Citation Number : TS-754-ITAT-2018(DEL)-TP
  • Tax Payer : ExxonMobil Gas (India) Private Limited
Income tax Appellate Tribunal

ITAT:Rejects Microsoft’s claim that TPO accepted TP-study; Directs hearing on merits

  • In Favour of Revenue
  • Citation Number : TS-753-ITAT-2018(DEL)-TP
  • Tax Payer : Microsoft India (R&D) P. Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on AE-reimbursements; Follows earlier order on identical facts

  • In Favour of Assessee
  • Citation Number : TS-752-ITAT-2018(DEL)-TP
  • Tax Payer : Ericsson India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes adjustment on reimbursement towards expenses/fixed assets, rejects TPO's Nil ALP-determination

  • In Favour of Assessee
  • Citation Number : TS-751-ITAT-2018(Mum)-TP
  • Tax Payer : Spencer Staurt (India) Private Limited
Income tax Appellate Tribunal

ITAT: Upholds 3 comparables exclusion; Directs exclusion of depreciation from PLI-computation following precedents

  • In Favour of Assessee
  • Citation Number : TS-750-ITAT-2018(Bang)-TP
  • Tax Payer : Centum Rakon India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 functionally dissimilar comparables for software-developer; Rejects working capital adjustment restriction

  • In Favour of Assessee
  • Citation Number : TS-749-ITAT-2018(Bang)-TP
  • Tax Payer : MetricStream Infotech (India) Pvt Ltd
High Court

HC:Dismisses writ citing alternate remedy; TPO can reconsider royalty rate, post remand

  • In Favour of Revenue
  • Citation Number : TS-748-HC-2018(MAD)-TP
  • Tax Payer : Hyundai Motor India Limited
Income tax Appellate Tribunal

ITAT: Remits issue of considering third-party as AE absent CIT(A) passing speaking order

  • In Favour of Assessee
  • Citation Number : TS-747-ITAT-2018(PUN)-TP
  • Tax Payer : Magic Software Enterprises India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds DRP’s 2.28% guarantee-fee ALP, against TPO’s 3, considering assessee, AE’s credit-rating

  • In Favour of Assessee
  • Citation Number : TS-746-ITAT-2018(Bang)-TP
  • Tax Payer : United Breweries (Holdings) Ltd
Income tax Appellate Tribunal

ITAT: Allows miscellaneous petition; Recalls Tribunal-order for fresh hearing on comparables not adjudicated

  • In Favour of Assessee
  • Citation Number : TS-745-ITAT-2018(Mum)-TP
  • Tax Payer : Blackstone Advisors India Private Limited
Income tax Appellate Tribunal

ITAT:Excludes Kerala Travel and Cox & King as comparable for assessee’s tourism services

  • In Favour of Assessee
  • Citation Number : TS-744-ITAT-2018(Bang)-TP
  • Tax Payer : Enchanting Travels Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds TNMM for lubricant import; Geographical & other differences make CUP unreliable

  • In Favour of Both, Partially
  • Citation Number : TS-743-ITAT-2018(Mum)-TP
  • Tax Payer : G S Caltex India P Ltd
Income tax Appellate Tribunal

ITAT:Deletes Sony's AMP-adjustment; Expenditure not for 'brand-building' but 'brand-maintenance' at best

  • In Favour of Assessee
  • Citation Number : TS-741-ITAT-2018(DEL)-TP
  • Tax Payer : Sony Mobile Communications [India] Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Remits margin computation to consider significant difference between assessee's & comparables employee cost

  • In Favour of Both, Partially
  • Citation Number : TS-739-ITAT-2018(HYD)-TP
  • Tax Payer : Planet Online Private Limited
Income tax Appellate Tribunal

ITAT:Confirms royalty ALP at 4.05, upholds export commission TP-adjustment & restores AMP-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-738-ITAT-2018(DEL)-TP
  • Tax Payer : LG Electronics India (P) Ltd
Income tax Appellate Tribunal

ITAT: Image and web-development services, part of ITES; Rejects Revenue’s comparables remand plea

  • In Favour of Both, Partially
  • Citation Number : TS-737-ITAT-2018(Mum)-TP
  • Tax Payer : Accenture Services Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects RPM for books reprinting & distribution, notes value addition, assets deployment

  • In Favour of Both, Partially
  • Citation Number : TS-736-ITAT-2018(DEL)-TP
  • Tax Payer : Cengage Learning India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on royalty payment to AE; Follows ruling in AE’s case

  • In Favour of Assessee
  • Citation Number : TS-735-ITAT-2018(Kol)-TP
  • Tax Payer : Indian Explosives P Ltd
Income tax Appellate Tribunal

ITAT:Adopts LIBOR for benchmarking interest on AE-loan; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-734-ITAT-2018(HYD)-TP
  • Tax Payer : Nagarjuna Fertilizers and Chemicals Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables for ITeS-provider; Remits application of 25 RPT-filter for 1 comparable

  • In Favour of Both, Partially
  • Citation Number : TS-733-ITAT-2018(DEL)-TP
  • Tax Payer : Pipal Research Analytics and Information Services India Pvt Ltd