Rulings ( 11972 results )

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Income tax Appellate Tribunal

ITAT:Remits ALP-determination of royalty following earlier order; Rejects claim about DRP bias

  • In Favour of Assessee
  • Citation Number : TS-524-ITAT-2018(Bang)-TP
  • Tax Payer : Praxair India Private Limited
Income tax Appellate Tribunal

ITAT: Denies risk adjustment absent quantification; Remits working capital adjustment computation

  • In Favour of Both, Partially
  • Citation Number : TS-523-ITAT-2018(DEL)-TP
  • Tax Payer : Degania Medical Devices Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs interest benchmarking on outbound loans following LIBOR+ or WIBOR+ rates over TPO's BPLR

  • In Favour of Assessee
  • Citation Number : TS-522-ITAT-2018(PUN)-TP
  • Tax Payer : KPIT Technologies Ltd (earlier known as KPIT Cummins Infosytems Limited.)
Income tax Appellate Tribunal

ITAT:Rejects TPO’s order based on “wrong FAR” of Wolters Kluwer’s business support services

  • In Favour of Assessee
  • Citation Number : TS-521-ITAT-2018(DEL)-TP
  • Tax Payer : Wolters Kluwer (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits comparable selection for RPT-filter application, Adopts 0.5% guarantee commission rate

  • In Favour of Both, Partially
  • Citation Number : TS-520-ITAT-2018(Mum)-TP
  • Tax Payer : Nimbus Communications Ltd
Income tax Appellate Tribunal

ITAT: Upholds CUP-method for benchmarking AE-purchases following earlier years’ approach; Follows Cargill SC-ruling

  • In Favour of Assessee
  • Citation Number : TS-519-ITAT-2018(Mum)-TP
  • Tax Payer : Victorinox India Private Limited
Income tax Appellate Tribunal

ITAT:Remits TP-issue for re-adjudication considering assessee’s non-submission of documents before TPO

  • In Favour of Both, Partially
  • Citation Number : TS-518-ITAT-2018(CHNY)-TP
  • Tax Payer : Harting (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds TNMM over RPM for assessee-trader, follows precedent; Provisions written back, non-operating income

  • In Favour of Assessee
  • Citation Number : TS-517-ITAT-2018(Bang)-TP
  • Tax Payer : Abbott Medical Optics Pvt. Ltd. (formerly Advanced Medical Optics India Pvt. Ltd)
Income tax Appellate Tribunal

ITAT:Quashes assessment in non-existent company's name; Sec 292B cannot rescue the Revenue

  • In Favour of Assessee
  • Citation Number : TS-516-ITAT-2018(DEL)-TP
  • Tax Payer : Vertex Customer Management India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 10 companies as comparable for captive ITeS service provider; Follows judicial precedents

  • In Favour of Assessee
  • Citation Number : TS-515-ITAT-2018(DEL)-TP
  • Tax Payer : H & S Software Development and Knowledge Management Centre Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes assessment in non-existent company's name; Deletes AMP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-514-ITAT-2018(DEL)-TP
  • Tax Payer : Sony Mobile Communications India (P) Ltd. (now merged with Sony India Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Dismisses McDonald’s appeal on TP-grounds in view of resolution under MAP

  • In Favour of Assessee
  • Citation Number : TS-513-ITAT-2018(DEL)-TP
  • Tax Payer : Mcdonald’s India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes assessment citing failure to follow CBDT Instruction 3/2003; Follows Calance Software ruling

  • In Favour of Assessee
  • Citation Number : TS-512-ITAT-2018(DEL)-TP
  • Tax Payer : Bucher Hydraulics Pvt
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on support services; No mark-up required on third-party costs

  • In Favour of Assessee
  • Citation Number : TS-511-ITAT-2018(DEL)-TP
  • Tax Payer : CPS Cash Processing Solutions Private Ltd
High Court

HC:Rs. 655 cr refund 'release' for Vodafone, assuages Dept's Idea merger concerns via bank guarantee

  • In Favour of Assessee
  • Citation Number : TS-510-HC-2018(DEL)-TP
  • Tax Payer : Vodafone Mobile Services Ltd.
Income tax Appellate Tribunal

ITAT:Adopts profit before depreciation as PLI, distinguishes earlier-order; Upholds 2 comparables exclusion

  • In Favour of Both, Partially
  • Citation Number : TS-509-ITAT-2018(Bang)-TP
  • Tax Payer : Indigra Exports Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects seafood exporter's claim for adjustment to CUP absent data substantiating claim

  • In Favour of Revenue
  • Citation Number : TS-508-ITAT-2018(COCH)-TP
  • Tax Payer : Torry Harris Sea Foods Pvt Ltd
Income tax Appellate Tribunal

ITAT: Exclude 10 companies as comparable for captive ITeS service provider; Follows judicial precedents

  • In Favour of Assessee
  • Citation Number : TS-507-ITAT-2018(DEL)-TP
  • Tax Payer : H & S Software Development and Knowledge Management Centre Pvt Ltd
High Court

HC: Upholds LIBOR+2% as interest-ALP for loan to Mauritius AE; Follows Aurinpro ruling

  • In Favour of Assessee
  • Citation Number : TS-506-HC-2018(BOM)-TP
  • Tax Payer : S B & T International Ltd
Supreme Court

SC: Admits SLP against HC-order confirming adjustment to ALP for Forex fluctuation

  • In Favour of Assessee
  • Citation Number : TS-505-SC-2018-TP
  • Tax Payer : Schneider Electric India Pvt Ltd