Rulings ( 11972 results )

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Income tax Appellate Tribunal

ITAT: Rejects software-product company treatment; Annual report mention without revenue stream/ expenses insufficient

  • In Favour of Both, Partially
  • Citation Number : TS-482-ITAT-2018(DEL)-TP
  • Tax Payer : Virage Logic International
Income tax Appellate Tribunal

ITAT:Remits ALP-determination for GAP International’s international transactions; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-481-ITAT-2018(DEL)-TP
  • Tax Payer : GAP International Sourcing (India) Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal against ITAT's deletion of location advantage adjustment

  • In Favour of Assessee
  • Citation Number : TS-480-HC-2018(BOM)-TP
  • Tax Payer : Watson Pharma Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes penalty, multiple year data, benefit of 5 highly debatable issue for AY2005-06

  • In Favour of Assessee
  • Citation Number : TS-479-ITAT-2018(DEL)-TP
  • Tax Payer : Giesecke and Devrient [I] Pvt Ltd
Income tax Appellate Tribunal

ITAT: Stock valuation as per policy for a technology-driven company constitutes trading operations

  • In Favour of Assessee
  • Citation Number : TS-478-ITAT-2018(Mum)-TP
  • Tax Payer : Vishay Semiconductor India Private Limited
Income tax Appellate Tribunal

ITAT: Turnover increase by Rs.2cr not exceptional, retains Brady & Morris as comparable for manufacturer

  • In Favour of Assessee
  • Citation Number : TS-477-ITAT-2018(PUN)-TP
  • Tax Payer : Terex India Pvt Ltd
Income tax Appellate Tribunal

ITAT: ITAT allows Flowserve's appeal withdrawal on 'management charges' pursuant to India-US MAP resolution

  • In Favour of Assessee
  • Citation Number : TS-476-ITAT-2018(Bang)-TP
  • Tax Payer : Flowserve India Controls Private Limited
High Court

HC: Lays-down principles on ‘substantial question of law’ for TP-appeals on comparables-selection

  • In Favour of Assessee
  • Citation Number : TS-475-HC-2018(KAR)-TP
  • Tax Payer : Softbrands India P Ltd
Income tax Appellate Tribunal

ITAT: Upholds different 'tested parties' for different business models, rejects TPO's aggregated benchmarking

  • In Favour of Assessee
  • Citation Number : TS-474-ITAT-2018(Mum)-TP
  • Tax Payer : WNS Global Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects DRP’s retention of 9 functionally dissimilar comparables for larger comparable-set; Remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-473-ITAT-2018(HYD)-TP
  • Tax Payer : Steelwedge Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds turnover filter application; Includes Welcure Drugs as comparable for drug manufacturer

  • In Favour of Assessee
  • Citation Number : TS-472-ITAT-2018(Ahd)-TP
  • Tax Payer : Schutz Dishman Biotech P Ltd
Income tax Appellate Tribunal

ITAT:Remits comparability of Govt. companies; Preferential treatment, subsidies/grants can impact profitability

  • In Favour of Assessee
  • Citation Number : TS-471-ITAT-2018(DEL)-TP
  • Tax Payer : Boeing International Corporation India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar Infosys BPO, TCS entities for call-center service provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-470-ITAT-2018(DEL)-TP
  • Tax Payer : BA Call Centre India Private Limited
High Court

HC: Upholds Single Judge order; Corrigendum cannot cure failure to pass 'draft order' u/s 144C

  • In Favour of Assessee
  • Citation Number : TS-469-HC-2018(MAD)-TP
  • Tax Payer : Vijay Television Private Ltd
Income tax Appellate Tribunal

ITAT: Rejects TPO's CUP sans adjustment for different geographies, customer preference & market strategy

  • In Favour of Assessee
  • Citation Number : TS-468-ITAT-2018(Kol)-TP
  • Tax Payer : Emami Limited
Income tax Appellate Tribunal

ITAT: Restricts notional interest adjustment to share-application money refunded, follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-467-ITAT-2018(Mum)-TP
  • Tax Payer : Taurian Iron & Steel Co Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparable not meeting software service income exceeding 75 filter

  • In Favour of Both, Partially
  • Citation Number : TS-466-ITAT-2018(Bang)-TP
  • Tax Payer : Mercedes-Benz Research and Development India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits TP-issue back to DRP absent assessee’s delay in filing objections before DRP

  • In Favour of Assessee
  • Citation Number : TS-465-ITAT-2018(Bang)-TP
  • Tax Payer : Karuturi Global Ltd
Income tax Appellate Tribunal

ITAT: Excludes Bodhtree, Infosys, Persistent and Tata Elxsi for software-developer; Follows Yodlee Infotech

  • In Favour of Both, Partially
  • Citation Number : TS-464-ITAT-2018(Bang)-TP
  • Tax Payer : Manhattan Associates (India) Development Centre Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Upholds TP-adjustment deletion on corporate guarantee; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-463-ITAT-2018(HYD)-TP
  • Tax Payer : Dr. Reddy’s Laboratories Limited