Rulings ( 11972 results )

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Income tax Appellate Tribunal

ITAT: Restores MAM-selection for benchmarking assessee manufacturer’s international transactions; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-422-ITAT-2018(Mum)-TP
  • Tax Payer : ASB International Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects 50% profit-attribution to Indian branch on HO's sales absent economic nexus

  • In Favour of Assessee
  • Citation Number : TS-421-ITAT-2018(DEL)-TP
  • Tax Payer : Corning SAS- India Branch Office (Formerly known as Corning SA-India Branch Office)
Income tax Appellate Tribunal

ITAT:Upholds exclusion of trading entity for benchmarking service entity’s marketing-services under TNMM

  • In Favour of Assessee
  • Citation Number : TS-420-ITAT-2018(Mum)-TP
  • Tax Payer : Hitachi Data Systems India Pvt Ltd
High Court

HC: Remits royalty, AMP issues; Holds ITAT’s observations on foreign comparables as ‘unwarranted’

  • In Favour of Assessee
  • Citation Number : TS-419-HC-2018(DEL)-TP
  • Tax Payer : Vodafone Mobile Services Ltd
Income tax Appellate Tribunal

ITAT: Fund & Non-fund based facility not at par; Adopts 0.2% as counter-guarantee ALP

  • In Favour of Assessee
  • Citation Number : TS-418-ITAT-2018(Mum)-TP
  • Tax Payer : Zee Entertainment Enterprises Limited
Income tax Appellate Tribunal

ITAT:Directs adoption of LIBOR+300bps as interest-ALP for AE-loan; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-417-ITAT-2018(Mum)-TP
  • Tax Payer : Roha Dyechem Ltd
Income tax Appellate Tribunal

ITAT:Remits TP-issue noting non-use of relevant year data, adjustment on non-AE transactions

  • In Favour of Both, Partially
  • Citation Number : TS-416-ITAT-2018(Bang)-TP
  • Tax Payer : Makino India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Quashes assessment sans draft order issue; Show-cause notice not draft order

  • In Favour of Assessee
  • Citation Number : TS-415-ITAT-2018(JPR)-TP
  • Tax Payer : Jaipur Rugs Company (P) Ltd
High Court

HC: Sets aside ITAT-order confirming royalty adjustment absent consideration of Sony, Siemens rulings

  • In Favour of Assessee
  • Citation Number : TS-414-HC-2018(KAR)-TP
  • Tax Payer : Kaypee Electronics & Associates Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on outstanding AE-receivables as amounts realized within 1-year, follows GSS-Infotech

  • In Favour of Both, Partially
  • Citation Number : TS-412-ITAT-2018(HYD)-TP
  • Tax Payer : Cura Technologies Ltd
Income tax Appellate Tribunal

ITAT: Remits comparability of 2 companies involved in fraud in ITeS-segment; Follows Acusis ruling

  • In Favour of Assessee
  • Citation Number : TS-411-ITAT-2018(Bang)-TP
  • Tax Payer : JDA Software Private Limited
Income tax Appellate Tribunal

ITAT:TDS has no bearing on ALP-determination; Directs re-adjudication of transaction nomenclatured as 'royalty'

  • In Favour of Both, Partially
  • Citation Number : TS-410-ITAT-2018(Kol)-TP
  • Tax Payer : Labvantage Solution Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on software purchase from AE; Rejects Nil ALP-determination of IP-rights

  • In Favour of Assessee
  • Citation Number : TS-409-ITAT-2018(HYD)-TP
  • Tax Payer : Value Labs LLP
Income tax Appellate Tribunal

ITAT: Remits ALP-determination of loans to AE using LIBOR/WIBOR rate; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-408-ITAT-2018(PUN)-TP
  • Tax Payer : KPIT Technologies Limited
Income tax Appellate Tribunal

ITAT: Excludes Government companies as comparables; Upholds use of single year data

  • In Favour of Assessee
  • Citation Number : TS-407-ITAT-2018(DEL)-TP
  • Tax Payer : Eli Lilly & Co. (India) Ltd
Income tax Appellate Tribunal

ITAT:Upholds internal comparable and use of unaudited segmental accounts, deletes adjustment

  • In Favour of Assessee
  • Citation Number : TS-406-ITAT-2018(DEL)-TP
  • Tax Payer : Lummus Technology Heat Transfer BV
Income tax Appellate Tribunal

ITAT: Restricts corporate guarantee ALP at 0.5% as against TPO’s 5%; Follows Everest-Kanto

  • In Favour of Assessee
  • Citation Number : TS-405-ITAT-2018(Mum)-TP
  • Tax Payer : Apar Industries Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables in IT/ITeS/Marketing segments; Treats forex-fluctuation as operating item, distinguishes Commscope

  • In Favour of Assessee
  • Citation Number : TS-404-ITAT-2018(Bang)-TP
  • Tax Payer : Finastra Software Solutions (I) P Ltd
Income tax Appellate Tribunal

ITAT:Grants stay considering assessee’s prima facie case on TP-issue and pending refunds

  • In Favour of Assessee
  • Citation Number : TS-403-ITAT-2018(HYD)-TP
  • Tax Payer : eBizNET Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on AMP expenditure and royalty relying on earlier year orders

  • In Favour of Assessee
  • Citation Number : TS-402-ITAT-2018(DEL)-TP
  • Tax Payer : Honda Siel Power Products Ltd