Rulings ( 11972 results )

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Income tax Appellate Tribunal

ITAT: Market survey benefited assessee, cannot be equated with shareholders’ activity; Deletes TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-401-ITAT-2018(DEL)-TP
  • Tax Payer : BMW India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes AMP-adjustment for trader of life saving devices; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-400-ITAT-2018(Mum)-TP
  • Tax Payer : India Medtronic Private Limited
Income tax Appellate Tribunal

ITAT:Assessee/ Revenue cannot challenge comparables selected in assessment order/TP study respectively

  • In Favour of Assessee
  • Citation Number : TS-399-ITAT-2018(Mum)-TP
  • Tax Payer : Capita Offshore Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts CUP from AE's country for benchmarking export transaction, rejects multi-country average

  • In Favour of Assessee
  • Citation Number : TS-398-ITAT-2018(Mum)-TP
  • Tax Payer : Lupin Limited
Income tax Appellate Tribunal

ITAT: Excludes comparables absent product comparability even at broad level; Follows Rampgreen ruling

  • In Favour of Assessee
  • Citation Number : TS-397-ITAT-2018(Kol)-TP
  • Tax Payer : Schenck Process India Limited
Income tax Appellate Tribunal

ITAT:Cannot reject assessee’s new comparables merely for non-maintaining documentation by specified date

  • In Favour of Both, Partially
  • Citation Number : TS-396-ITAT-2018(PUN)-TP
  • Tax Payer : Faurecia Interior Systems India Private Limited
Income tax Appellate Tribunal

ITAT: Daikin's Indian subsidiary constitutes DAPE; Attributes profits, TP-analysis not adequately reflecting FAR

  • In Favour of Revenue
  • Citation Number : TS-395-ITAT-2018(DEL)-TP
  • Tax Payer : Daikin Industries Ltd
Income tax Appellate Tribunal

ITAT: Holds doubtful-debts provision operating item, following Safe-Harbour Rules; Remits comparables’ margin computation

  • In Favour of Assessee
  • Citation Number : TS-394-ITAT-2018(DEL)-TP
  • Tax Payer : Federal Mogul Ignition Products India Ltd
Income tax Appellate Tribunal

ITAT: Recalls order to decide issue not adjudicated in original order

  • In Favour of Assessee
  • Citation Number : TS-393-ITAT-2018(Bang)-TP
  • Tax Payer : Nuance Transcription Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits matter to re-decide after considering DRP-directions of Forex loss exclusion

  • In Favour of Assessee
  • Citation Number : TS-392-ITAT-2018(DEL)-TP
  • Tax Payer : Quatrro Business Support Services (P) Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment for provision of manning services; Follows earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-391-ITAT-2018(Mum)-TP
  • Tax Payer : Wilhemsen Ship Management India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparable for technical services; Remits ALP-determination of back-office support services

  • In Favour of Both, Partially
  • Citation Number : TS-390-ITAT-2018(Mum)-TP
  • Tax Payer : ExxonMobil Company India Private Limited
Income tax Appellate Tribunal

ITAT: Remits Bodhtree comparability for verification of revenue recognition policy impact on profit

  • In Favour of Assessee
  • Citation Number : TS-389-ITAT-2018(DEL)-TP
  • Tax Payer : Opera Solutions Management Consulting Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows capacity adjustment in-principle; Considers impact on windmill business post 2012-amendments

  • In Favour of Assessee
  • Citation Number : TS-388-ITAT-2018(CHNY)-TP
  • Tax Payer : Bonfigioli Transmissions Private Limited
Income tax Appellate Tribunal

ITAT: Rejects assessee’s risk adjustment on estimated-basis, holds clear/logical workings necessary

  • In Favour of Revenue
  • Citation Number : TS-387-ITAT-2018(CHNY)-TP
  • Tax Payer : Infac India Pvt Limited
Income tax Appellate Tribunal

ITAT:Upholds CIT(A)-order; Higher TP-margins not ground to deny tax holiday, follows Honeywell

  • In Favour of Assessee
  • Citation Number : TS-386-ITAT-2018(PUN)-TP
  • Tax Payer : Faurecia Interior Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes corporate guarantee adjustment, holds commission rates 0.25% -0.53% as reasonable; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-385-ITAT-2018(VIZ)-TP
  • Tax Payer : GVK Power & Infrastructure Ltd
Foreign Court

FC: Mauritius Tribunal directs disclosure of 'secret comparables' information for Customs Valuation purpose

  • In Favour of Assessee
  • Citation Number : TS-1511-FC-2018-TP
  • Tax Payer : Romeo Textiles Ltd
Income tax Appellate Tribunal

ITAT: Restores TP-adjustment on outstanding AE-receivables; Follows earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-384-ITAT-2018(Mum)-TP
  • Tax Payer : Information System Resource Centre Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-determination of commission payment following earlier ITAT order

  • In Favour of Assessee
  • Citation Number : TS-383-ITAT-2018(CHNY)-TP
  • Tax Payer : Intimate Fashions (India) Private