Rulings ( 11972 results )

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Income tax Appellate Tribunal

ITAT:Restores penalty issue to AO since quantum TP-addition restored back to lower-authorities

  • In Favour of Assessee
  • Citation Number : TS-732-ITAT-2018(DEL)-TP
  • Tax Payer : G4S Secure Solutions [I] P Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment on AE-loan in second-appeal considering TPO’s transgression from Tribunal’s directions

  • In Favour of Both, Partially
  • Citation Number : TS-731-ITAT-2018(DEL)-TP
  • Tax Payer : Aithent Technologies Pvt Ltd
Foreign Court

FC: US Appeals Court reverses Altera decision, upholds IRS regulation requiring stock-based compensation costs sharing

  • In Favour of Assessee
  • Citation Number : TS-1143-FC-2017(USA)-TP
  • Tax Payer : Altera Corporation & Subsidiaries
Income tax Appellate Tribunal

ITAT: Advocates ‘uniform filters’ for comparables selection; Treats forex-fluctuation as non-operating item

  • In Favour of Assessee
  • Citation Number : TS-730-ITAT-2018(PUN)-TP
  • Tax Payer : Tasty Bite Eatables Limited
Income tax Appellate Tribunal

ITAT:Remits royalty, technical fees benchmarking following earlier orders

  • In Favour of Assessee
  • Citation Number : TS-729-ITAT-2018(DEL)-TP
  • Tax Payer : Munjal Showa Ltd
Supreme Court

SC:Dismisses Revenue’s SLP; Upholds HC order on comparables selection

  • In Favour of Assessee
  • Citation Number : TS-728-SC-2018-TP
  • Tax Payer : Sojitz India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Holds Forex gains and write back of doubtful debt provision as operating income

  • In Favour of Assessee
  • Citation Number : TS-727-ITAT-2018(PUN)-TP
  • Tax Payer : Imerys NewQuest (India) Private Limited
Income tax Appellate Tribunal

ITAT: Rejects miscellaneous petition as assessee’s ground for comparables exclusion general, not specific

  • In Favour of Revenue
  • Citation Number : TS-726-ITAT-2018(Bang)-TP
  • Tax Payer : Netscout Systems Software India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants further 6 months stay extension; Delay in appeal disposal non-attributable to assessee

  • In Favour of Assessee
  • Citation Number : TS-725-ITAT-2018(Bang)-TP
  • Tax Payer : Manipal Global Education Services P Ltd
Income tax Appellate Tribunal

ITAT:Allows miscellaneous petition; Modifies Tribunal’s operating costs allocation key for ALP-determination

  • In Favour of Assessee
  • Citation Number : TS-724-ITAT-2018(Bang)-TP
  • Tax Payer : Yokogawa India Ltd
Income tax Appellate Tribunal

ITAT:Rejects TPO’s characterization of assessee as investment/ financial advisor; Remits issue following precedents

  • In Favour of Assessee
  • Citation Number : TS-723-ITAT-2018(DEL)-TP
  • Tax Payer : Control Risks India Pvt Ltd
High Court

HC: Dismisses assessee’s appeal; Upholds ITAT’s denial of risk adjustment following Zyme Solutions

  • In Favour of Revenue
  • Citation Number : TS-722-HC-2018(KAR)-TP
  • Tax Payer : SOLIDCORE TECHSOFT SYSTEMS (INDIA) PVT LTD (NOW MERGED WITH McAfee SOFTWARE INIDA PVT. LTD.)
High Court

HC:Stays TPO’s Sec 92CA(2) notice absent AO’s disposal of assessee’s objections to reassessment

  • In Favour of Assessee
  • Citation Number : TS-721-HC-2018(MAD)-TP
  • Tax Payer : Alden Prepress Services Private Limited
High Court

HC: Sec 144C-procedure applicable even in remand cases; Quashes assessment without 'draft order'

  • In Favour of Assessee
  • Citation Number : TS-719-HC-2018(BOM)-TP
  • Tax Payer : Dimension Data Asia Pacific PTE Ltd
High Court

HC: Dismisses Revenue's appeal; ITAT-observation on TP-provisions inapplicability to tax-holiday unit not prejudicial

  • In Favour of Assessee
  • Citation Number : TS-701-HC-2018(KAR)-TP
  • Tax Payer : Philips Software Centre Pvt. Ltd
High Court

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

  • In Favour of Assessee
  • Citation Number : TS-679-HC-2018(KAR)-TP
  • Tax Payer : TNT INDIA PRIVATE LIMITED
Income tax Appellate Tribunal

ITAT: Only consistent loss-maker can be rejected as comparable; Excludes functionally dissimilar companies

  • In Favour of Both, Partially
  • Citation Number : TS-658-ITAT-2018(PUN)-TP
  • Tax Payer : Nihilent Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits comparability issue to AO/TPO for assessee’s technical support services to AE

  • In Favour of Both, Partially
  • Citation Number : TS-628-ITAT-2018(DEL)-TP
  • Tax Payer : Granite Services International India Private Limited
Income tax Appellate Tribunal

ITAT:Confirms Sec 271AA/ 271G penalty absent reasonable cause for TP-documentation maintenance & furnishing failure

  • In Favour of Revenue
  • Citation Number : TS-627-ITAT-2018(CHNY)-TP
  • Tax Payer : India Pistons Ltd
Income tax Appellate Tribunal

ITAT: Excludes Acropetal Technologies having abnormally high profit and average operating margin

  • In Favour of Assessee
  • Citation Number : TS-626-ITAT-2018(CHNY)-TP
  • Tax Payer : Bloom Energy India Pvt. Ltd