Rulings ( 11975 results )

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Income tax Appellate Tribunal

ITAT: Remitting one TP-issue to TPO & others to DRP, not mistake u/s254

  • In Favour of Revenue
  • Citation Number : TS-365-ITAT-2018(Bang)-TP
  • Tax Payer : Systat Software Asia Pacific
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on shareholder deposit, AE-receivable and guarantee, follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-364-ITAT-2018(Mum)-TP
  • Tax Payer : Bombay Dyeing & Mfg Co Ltd
Income tax Appellate Tribunal

ITAT:Accepts, in-principle, Euro-PLR for benchmarking interest free loan to AE; Remits ALP-computation

  • In Favour of Assessee
  • Citation Number : TS-363-ITAT-2018(Ahd)-TP
  • Tax Payer : Synchron Research Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds TNMM & foreign AE's selection as tested party for benchmarking advisory services

  • In Favour of Assessee
  • Citation Number : TS-362-ITAT-2018(PUN)-TP
  • Tax Payer : Emerson Climate Technologies
Income tax Appellate Tribunal

ITAT:Quashes assessment made on non-existent entity despite Revenue being aware of merger

  • In Favour of Assessee
  • Citation Number : TS-361-ITAT-2018(Mum)-TP
  • Tax Payer : Ipsos Research Private Limited
Income tax Appellate Tribunal

ITAT:Deletes TP-additions on transactions relating to derivative marketing & money market deposits

  • In Favour of Assessee
  • Citation Number : TS-360-ITAT-2018(Mum)-TP
  • Tax Payer : Barclays Bank PLC
Income tax Appellate Tribunal

ITAT: Averages don’t always give logical results; Rejects bank quotes average as guarantee ALP

  • In Favour of Both, Partially
  • Citation Number : TS-359-ITAT-2018(Kol)-TP
  • Tax Payer : Britannia Industries Ltd
Income tax Appellate Tribunal

ITAT: Excludes 11 comparables for software developer, remits 2 comparables; Follows Hewlett-Packard ruling

  • In Favour of Assessee
  • Citation Number : TS-358-ITAT-2018(CHNY)-TP
  • Tax Payer : SCM Microsystems (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds TP-adjustment restriction to international transactions; Follows Thyssen Krupp HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-357-ITAT-2018(PUN)-TP
  • Tax Payer : Haldex India Limited
Income tax Appellate Tribunal

ITAT: Declines stay on demand arising due to CUP vs. TNMM dispute

  • In Favour of Revenue
  • Citation Number : TS-356-ITAT-2018(Mum)-TP
  • Tax Payer : Firmenich Aromatics Production (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Admits additional evidence for cost allocations, recharges transactions; Remits issue to AO/TPO

  • In Favour of Both, Partially
  • Citation Number : TS-355-ITAT-2018(PUN)-TP
  • Tax Payer : Lear Automotive India Private Limited
Income tax Appellate Tribunal

ITAT:Remits issue of grant of adjustment for unutilized capacity to AO

  • In Favour of Both, Partially
  • Citation Number : TS-354-ITAT-2018(DEL)-TP
  • Tax Payer : M/s. E.I. Dupont India Private Ltd
Income tax Appellate Tribunal

ITAT: Considers transaction between assessee’s HO & third parties as CUP, confirms TP-adjustment deletion

  • In Favour of Assessee
  • Citation Number : TS-353-ITAT-2018(Ahd)-TP
  • Tax Payer : Shandong Tijun Electronic Power Eng Company Ltd
Income tax Appellate Tribunal

ITAT:Sourcing support services not similar to liasoning services; Excludes Axis Integrated as comparable

  • In Favour of Assessee
  • Citation Number : TS-352-ITAT-2018(DEL)-TP
  • Tax Payer : Li & Fung (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects entity level benchmarking, assessee’s domestic segment not extension of international business

  • In Favour of Assessee
  • Citation Number : TS-351-ITAT-2018(Mum)-TP
  • Tax Payer : Aramex India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 2 comparables for failing financial year filter; Follows PTC Software HC-ruling

  • In Favour of Revenue
  • Citation Number : TS-350-ITAT-2018(PUN)-TP
  • Tax Payer : Ocwen Financial Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: DRP proceedings a continuation of assessment, additional evidence consideration a must

  • In Favour of Assessee
  • Citation Number : TS-349-ITAT-2018(PUN)-TP
  • Tax Payer : Bekaert Industries Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds 2 comparables' exclusion for contract-researcher on functional dissimilarity, segmental-data unavailability grounds

  • In Favour of Assessee
  • Citation Number : TS-348-ITAT-2018(DEL)-TP
  • Tax Payer : Pioneer Overseas Corporation India Branch
Income tax Appellate Tribunal

ITAT:C ompanies earning commission not comparable with market-support services provider with cost-plus model

  • In Favour of Both, Partially
  • Citation Number : TS-347-ITAT-2018(DEL)-TP
  • Tax Payer : Brown Forman Worldwide LLC India
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)'s rejection of 2 companies comparable set, more comparables helps proper examination

  • In Favour of Both, Partially
  • Citation Number : TS-346-ITAT-2018(DEL)-TP
  • Tax Payer : Motorola Solutions India Pvt Ltd