Rulings ( 11972 results )

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Supreme Court

SC: Dismisses SLP against HC-order deleting royalty addition

  • In Favour of Assessee
  • Citation Number : TS-504-SC-2018-TP
  • Tax Payer : SAKATA INX INDIA LIMITED
Income tax Appellate Tribunal

ITAT: Acquisition of company overseas doesn’t make it incomparable; Bad-debts provision, an operating item

  • In Favour of Both, Partially
  • Citation Number : TS-503-ITAT-2018(HYD)-TP
  • Tax Payer : Hyundai Motor India Engg Pvt Ltd
High Court

HC: Dismisses Revenue's appeal; Upholds gross profit/sales as PLI for auto-components import

  • In Favour of Assessee
  • Citation Number : TS-502-HC-2018(KAR)-TP
  • Tax Payer : Kirloskar Toyota Textile Machinery Private Ltd (formerly known as Kirloskar Toyota Textile Machinery Private Ltd)
High Court

HC: Quashes reassessment alleging 'deemed-international transaction' absent notice mentioning Rs 1 lakh+ income escapement

  • In Favour of Assessee
  • Citation Number : TS-501-HC-2018(KAR)-TP
  • Tax Payer : NOVO NORDISK INDIA PRIVATE LIMITED
Income tax Appellate Tribunal

ITAT: E-Zest, not KPO, retains as comparable for assessee providing software & distribution services

  • In Favour of Assessee
  • Citation Number : TS-500-ITAT-2018(HYD)-TP
  • Tax Payer : Open Text Corporation India Pvt Ltd (earlier known as Cordys Software India Products Ltd)
High Court

HC: Dismisses Revenue's appeal against ITAT-order deleting TP-adjustment; Follows Softbands ruling

  • In Favour of Assessee
  • Citation Number : TS-499-HC-2018(KAR)-TP
  • Tax Payer : Motorola Solutions India P Ltd (Earlier known as Motorola India Electronics P Ltd)
High Court

HC: Dismisses Revenue's appeal against ITAT-order excluding high turnover comparables; Follows Softbands ruling

  • In Favour of Assessee
  • Citation Number : TS-498-HC-2018(KAR)-TP
  • Tax Payer : Swiss Re Global Business Solutions India P Ltd
High Court

HC: Dismisses Revenue's appeal against ITAT-order on comparable selection relying on Softbands ruling

  • In Favour of Assessee
  • Citation Number : TS-496-HC-2018(KAR)-TP
  • Tax Payer : Zyme Solutions P Ltd
Income tax Appellate Tribunal

ITAT:Excludes 3 comparables for functional dissimilarity, segmental data unavailability in second appeal round

  • In Favour of Assessee
  • Citation Number : TS-495-ITAT-2018(DEL)-TP
  • Tax Payer : Corning SAS- India Branch Office
Income tax Appellate Tribunal

ITAT: Quashes AO’s order incorporating DRP-directions issued ex-parte on comparables; Remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-494-ITAT-2018(Bang)-TP
  • Tax Payer : Jamcracker Software Technologies Pvt Ltd
Supreme Court

SC:Dismisses Revenue’s SLP challenging exclusion of 100 government owned undertaking as comparable

  • In Favour of Assessee
  • Citation Number : TS-493-SC-2018-TP
  • Tax Payer : International SOS Service India P Ltd
Income tax Appellate Tribunal

ITAT: Adjudictes filters using segmental information not entity-level figures, rules on comparable selection

  • In Favour of Both, Partially
  • Citation Number : TS-492-ITAT-2018(Bang)-TP
  • Tax Payer : CGI Information Systems and Management Consultants Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 5 companies as comparable for ITeS-provider, follows judicial precedents & own rulings

  • In Favour of Assessee
  • Citation Number : TS-491-ITAT-2018(DEL)-TP
  • Tax Payer : BT e-Serv (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in software-segment; Remits voluntary TP-adjustment issue for sales-support segment

  • In Favour of Assessee
  • Citation Number : TS-489-ITAT-2018(PUN)-TP
  • Tax Payer : MSC Software Corporation India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 5 comparables for marketing support service provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-488-ITAT-2018(DEL)-TP
  • Tax Payer : Philip Morris Services India S.A
Income tax Appellate Tribunal

ITAT: Upholds DRP’s onsite revenue filter as it meets parameter of Rule 10B(2)

  • In Favour of Assessee
  • Citation Number : TS-487-ITAT-2018(Bang)-TP
  • Tax Payer : EMC Software and Services (India) Private Limited
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar Genesys International as comparable for ITeS provider

  • In Favour of Assessee
  • Citation Number : TS-486-ITAT-2018(DEL)-TP
  • Tax Payer : Exl Service.Com India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits 2 comparables for verification if margin on inclusion within 5 ‘safe-harbour’

  • In Favour of Both, Partially
  • Citation Number : TS-485-ITAT-2018(DEL)-TP
  • Tax Payer : Bentley Systems India Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on AE-receivable, dismisses Revenue’s appeal on comparable selection

  • In Favour of Both, Partially
  • Citation Number : TS-484-ITAT-2018(HYD)-TP
  • Tax Payer : Excellence Data Research Private Limited
Income tax Appellate Tribunal

ITAT: Excludes channel-owners but includes software distributor as comparable for channel distributor

  • In Favour of Assessee
  • Citation Number : TS-483-ITAT-2018(DEL)-TP
  • Tax Payer : Turner International India Pvt Ltd