Rulings ( 11972 results )

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Income tax Appellate Tribunal

ITAT: Allows capacity utilization adjustment for engineering design provider considering Parent Co’s bankruptcy

  • In Favour of Assessee
  • Citation Number : TS-462-ITAT-2018(PUN)-TP
  • Tax Payer : Visteon Engineering Center (India) Private Limited
Income tax Appellate Tribunal

ITAT:Rules on comparables for Investment-Advisor; Remits miscellaneous income, sponsorship expenses treatment for PLI-computation

  • In Favour of Assessee
  • Citation Number : TS-461-ITAT-2018(DEL)-TP
  • Tax Payer : Sungroup Enterprises Private Limited
Income tax Appellate Tribunal

ITAT: Quashes re-assessment based on Form 3CEB reporting, requirements of Sec 147 not met

  • In Favour of Assessee
  • Citation Number : TS-460-ITAT-2018(PUN)-TP
  • Tax Payer : Sandvik AB
Income tax Appellate Tribunal

ITAT: Deletes interest on delayed AE-receivables; Follows Pegsystems, Kusum Healthcare rulings

  • In Favour of Assessee
  • Citation Number : TS-459-ITAT-2018(HYD)-TP
  • Tax Payer : Open Text Corporation India Pvt Ltd (Cordys Software India Pvt Ltd is now merged with Open Tex Corporation India Pvt Ltd)
Income tax Appellate Tribunal

ITAT:Rejects TPO’s Nil ALP for management cost allocation; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-458-ITAT-2018(Ahd)-TP
  • Tax Payer : Tudor India Private Limited (formerly known as Tudor India Limited)
Income tax Appellate Tribunal

ITAT: IPO an extra-ordinary event, excludes IPO expenses for PLI computation; Remits 2 comparables

  • In Favour of Assessee
  • Citation Number : TS-457-ITAT-2018(Mum)-TP
  • Tax Payer : Ferring Pharmaceutical Private Limited
Income tax Appellate Tribunal

ITAT: Remits comparables’ selection, working capital adjustment, operating margin calculation for assessee manufacturer

  • In Favour of Assessee
  • Citation Number : TS-456-ITAT-2018(DEL)-TP
  • Tax Payer : Denso India Limited
Income tax Appellate Tribunal

ITAT: Software testing cannot be considered as software development, Relies on safe-harbor rules

  • In Favour of Both, Partially
  • Citation Number : TS-455-ITAT-2018(Bang)-TP
  • Tax Payer : Mercedes-Benz Research & Development India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes royalty adjustment; Follows HC & ITAT ruling in assessee's own case

  • In Favour of Assessee
  • Citation Number : TS-454-ITAT-2018(DEL)-TP
  • Tax Payer : Lumax Industries Ltd
Income tax Appellate Tribunal

ITAT:Adopts LIBOR+300bps as interest rate ALP for loan to AE; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-453-ITAT-2018(Mum)-TP
  • Tax Payer : Strides Shasun Limited (formerly known as Strides Arcolab Limited)
Authority for Advance Rulings

AAR: MasterCard Interface Processor and MasterCard Network constitute fixed place PE in India

  • In Favour of Revenue
  • Citation Number : TS-452-AAR-2018-TP
  • Tax Payer : MasterCard Asia Pacific Pte Ltd
Income tax Appellate Tribunal

ITAT: Remits seconded employee’s salary reimbursement TP-issue to follow earlier year order

  • In Favour of Assessee
  • Citation Number : TS-451-ITAT-2018(HYD)-TP
  • Tax Payer : United States Pharmacopeia India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes FCCDs interest adjustment sans any incriminating material found during search-proceeding

  • In Favour of Assessee
  • Citation Number : TS-450-ITAT-2018(DEL)-TP
  • Tax Payer : Granite Gate Properties Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on outstanding AE-receivables; Follows Pegasystems, Kusum Healthcare rulings

  • In Favour of Assessee
  • Citation Number : TS-449-ITAT-2018(HYD)-TP
  • Tax Payer : Hexagon Capability Center India Private Limited
Income tax Appellate Tribunal

ITAT: Restricts guarantee commission ALP at 0.5% as against TPO’s 1.5%; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-448-ITAT-2018(Mum)-TP
  • Tax Payer : Zee Entertainment Enterprises Limited
Income tax Appellate Tribunal

ITAT:Remits ALP-determination of sales support services, resale of goods & project expense reimbursement

  • In Favour of Both, Partially
  • Citation Number : TS-447-ITAT-2018(Mum)-TP
  • Tax Payer : Jotun India P Ltd
High Court

HC: Upholds Thirumalai Chemicals inclusion as dealing in same product category; Dismisses Revenue’s appeal

  • In Favour of Assessee
  • Citation Number : TS-446-HC-2018(BOM)-TP
  • Tax Payer : Petro Araldite Pvt Ltd
Income tax Appellate Tribunal

ITAT:Dismisses TP-grounds resolved under MAP; Restores other TP-issues for decision according to MAP

  • In Favour of Assessee
  • Citation Number : TS-445-ITAT-2018(DEL)-TP
  • Tax Payer : Marubeni India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Upholds assessee's TNMM over TPO's CPM for benchmarking manufacturer's international transactions; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-444-ITAT-2018(PUN)-TP
  • Tax Payer : Sandvik Asia Pvt. Ltd (formerly known as Sandvik Asia Ltd)
Income tax Appellate Tribunal

ITAT: Forex fluctuation, operating item, even for comparables when 75 export-sales filter applied

  • In Favour of Assessee
  • Citation Number : TS-443-ITAT-2018(PUN)-TP
  • Tax Payer : Aptara Technologies Private Limited (Formerly: Maximize Learning Private Limited)