Rulings ( 11972 results )

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Income tax Appellate Tribunal

ITAT: Adopts internal-TNMM for benchmarking engineering design services; Accepts assessee’s man-hourly rates comparison plea

  • In Favour of Assessee
  • Citation Number : TS-625-ITAT-2018(PUN)-TP
  • Tax Payer : Magna Steyr India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes assessment framed on non-existent amalgamating company; Follows Genpact ruling

  • In Favour of Assessee
  • Citation Number : TS-624-ITAT-2018(DEL)-TP
  • Tax Payer : Akzo Nobel India Ltd., (formerly known as Akzo Nobel Car Refinishes India Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT:Salary reimbursement for Morgan Stanley's seconded employee not FTS ; Deletes TP mark-up

  • In Favour of Assessee
  • Citation Number : TS-623-ITAT-2018(Mum)-TP
  • Tax Payer : Morgan Stanley Asia (Singapore) Pte.
Income tax Appellate Tribunal

ITAT: Confirms CIT(A) order deleting TP-adjustment on ITeS, relies upon earlier ITAT-order

  • In Favour of Assessee
  • Citation Number : TS-622-ITAT-2018(DEL)-TP
  • Tax Payer : Everest Business Advisory India (P) Ltd
Income tax Appellate Tribunal

ITAT: Quashes assessment order passed on non-existent amalgamating company as invalid; Distinguishes Sky-Hospitality

  • In Favour of Assessee
  • Citation Number : TS-621-ITAT-2018(PUN)-TP
  • Tax Payer : Akzo Nobel India Limited (as successor of Akzo Nobel Chemicals (India) Limited)
Income tax Appellate Tribunal

ITAT: Remits ALP-determination of royalty following earlier year ITAT orders

  • In Favour of Revenue
  • Citation Number : TS-620-ITAT-2018(DEL)-TP
  • Tax Payer : JCB India Ltd
Income tax Appellate Tribunal

ITAT:Comparable inclusion despite earlier year exclusion, not mistake; Reconsideration u/s 254(2) not necessary

  • In Favour of Revenue
  • Citation Number : TS-619-ITAT-2018(Mum)-TP
  • Tax Payer : Lionbridge Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 companies for software development services; Remits 2 companies comparability for staffing services

  • In Favour of Both, Partially
  • Citation Number : TS-618-ITAT-2018(DEL)-TP
  • Tax Payer : PYRAMID IT CONSULTING P LTD
Income tax Appellate Tribunal

ITAT: Holds foreign exchange fluctuation gains as operating income; Rules on comparable selection

  • In Favour of Assessee
  • Citation Number : TS-617-ITAT-2018(DEL)-TP
  • Tax Payer : NEC Technologies India P Ltd
High Court

HC: Dismisses Revenue's appeal on TP-issue noting resolution under MAP

  • In Favour of Assessee
  • Citation Number : TS-616-HC-2018(KAR)-TP
  • Tax Payer : SIEBEL SYSTEMS SOFTWARE (INDIA) P LTD
Income tax Appellate Tribunal

ITAT:High advertisement spend doesn't affect RPM; Upholds RPM for Burberry's luxury imports

  • In Favour of Assessee
  • Citation Number : TS-615-ITAT-2018(DEL)-TP
  • Tax Payer : Burberry India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects CPM considering huge differences in FAR of assessee’s domestic & export division

  • In Favour of Assessee
  • Citation Number : TS-614-ITAT-2018(Bang)-TP
  • Tax Payer : The Himalaya Drug Company
Supreme Court

SC: Dismisses Revenue’s appeal against HC’s deletion of royalty TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-613-SC-2018-TP
  • Tax Payer : SAKATA INX (INDIA) LIMITED
Income tax Appellate Tribunal

ITAT: Outbound loan constitutes 'international transaction', subsequent equity conversion irrelevant

  • In Favour of Assessee
  • Citation Number : TS-612-ITAT-2018(Bang)-TP
  • Tax Payer : EIT Services India Pvt. Ltd. (formerly known as Hewlett Packard Global Soft Pvt. Ltd.
Income tax Appellate Tribunal

ITAT:ITAT Directs TPO to examine actual rendering of intra group services

  • In Favour of Both, Partially
  • Citation Number : TS-611-ITAT-2018(DEL)-TP
  • Tax Payer : Avery Dennison (I) Pvt Ltd
High Court

HC: Defers deciding issue on simultaneous Sec 37 disallowance & TP-adjustment for intra-group service

  • In Favour of Both, Partially
  • Citation Number : TS-610-HC-2018(KAR)-TP
  • Tax Payer : SKF Technologies India P Ltd
Income tax Appellate Tribunal

ITAT:Deletes protective addition on AMP; Relies on Delhi HC, bright-line test inapplicable

  • In Favour of Assessee
  • Citation Number : TS-609-ITAT-2018(DEL)-TP
  • Tax Payer : Toshiba India Private Limited
High Court

HC: Quashes Tribunal’s non-condonation of delay; Can’t burden assessee to establish order non-service

  • In Favour of Assessee
  • Citation Number : TS-608-HC-2018(KAR)-TP
  • Tax Payer : Molex India Tooling India P Ltd
Income tax Appellate Tribunal

ITAT: Deletes concealment penalty; Considers AO 'bizarre' approach in granting tax-holiday benefit on TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-607-ITAT-2018(DEL)-TP
  • Tax Payer : Royal & Sun Alliance IT Solutions (India) Pvt Ltd
High Court

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

  • In Favour of Assessee
  • Citation Number : TS-606-HC-2018(KAR)-TP
  • Tax Payer : Pole of Win India