Rulings ( 11975 results )

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Income tax Appellate Tribunal

ITAT:Accepts bona-fide nature of intra-group services; Remits benchmarking to follow Cushman ratio

  • In Favour of Both, Partially
  • Citation Number : TS-325-ITAT-2018(DEL)-TP
  • Tax Payer : Caparo Engineering India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Annual report terminologies not conclusive for proving facts, rejects comparables' R&D activity plea

  • In Favour of Assessee
  • Citation Number : TS-324-ITAT-2018(Mum)-TP
  • Tax Payer : Bristlecone India Limited
Income tax Appellate Tribunal

ITAT: Excludes Thirdware as comparable for software-developer; Allows working capital adjustment claim

  • In Favour of Assessee
  • Citation Number : TS-323-ITAT-2018(DEL)-TP
  • Tax Payer : Wipro Limited C/o Wipro Energy IT Services India Private Limited
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on interest-free advances given for equity investment; Rejects FEMA violation plea

  • In Favour of Assessee
  • Citation Number : TS-322-ITAT-2018(HYD)-TP
  • Tax Payer : Bartronics India Ltd
Income tax Appellate Tribunal

ITAT: Turnover differences “automatically ironed out” when average-PLI of comparables considered, follows Chryscapital-ruling

  • In Favour of Both, Partially
  • Citation Number : TS-321-ITAT-2018(DEL)-TP
  • Tax Payer : FIS Global Business India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Onsite revenue an accepted filter for comparables selection; Upholds 3 comparables exclusion

  • In Favour of Both, Partially
  • Citation Number : TS-320-ITAT-2018(Bang)-TP
  • Tax Payer : CGI Information Systems & Management Consultation Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes AMP-adjustment based on mere brand building agreement assumption; Follows Johnson & Johnson

  • In Favour of Assessee
  • Citation Number : TS-319-ITAT-2018(Mum)-TP
  • Tax Payer : Colgate Palmolive (India) Limited
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment for assessee trader absent agreement for sharing AMP-expenses, follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-318-ITAT-2018(Mum)-TP
  • Tax Payer : India Medtronic Private Limited
High Court

HC: Upholds Rule 10B invocation for allowing capacity under-utilization adjustment to manufacturer assessee

  • In Favour of Assessee
  • Citation Number : TS-317-HC-2018(BOM)-TP
  • Tax Payer : Petro Araldite Pvt Ltd
Income tax Appellate Tribunal

ITAT:Channel distribution fees not ‘royalty’ following binding Set-India HC-ruling; Remits benchmarking

  • In Favour of Assessee
  • Citation Number : TS-316-ITAT-2018(Mum)-TP
  • Tax Payer : MSM Discovery Private Limited
High Court

HC: Restricts TP-adjustments to AE-transactions following Keihin-ruling; Upholds inclusion of 2 comparables

  • In Favour of Assessee
  • Citation Number : TS-315-HC-2018(BOM)-TP
  • Tax Payer : Sandvik Asia Pvt Ltd
Income tax Appellate Tribunal

ITAT:Extends stay further as delay in appeal disposal not attributable to assessee

  • In Favour of Assessee
  • Citation Number : TS-314-ITAT-2018(Bang)-TP
  • Tax Payer : Epson India Pvt Ltd
Income tax Appellate Tribunal

ITAT: SIP-Technologies, not persistent loss-maker, directs inclusion as comparable for software developer

  • In Favour of Assessee
  • Citation Number : TS-313-ITAT-2018(PUN)-TP
  • Tax Payer : SAS Research and Development (India) Private Limited
High Court

HC:ITAT not 'handicapped' to decide issue despite pending earlier-year appeal

  • In Favour of Assessee
  • Citation Number : TS-312-HC-2018(DEL)-TP
  • Tax Payer : Vedanta Limited (successor to Cairn India Limited)
Income tax Appellate Tribunal

ITAT: No further income attributable to PE since international transaction at ALP, follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-311-ITAT-2018(Mum)-TP
  • Tax Payer : Zee TV USA Inc Mauritus C/o Zee Telefilms Ltd
Income tax Appellate Tribunal

ITAT:Rejects TPO/DRP’s CUP-method, without selecting any comparables, for management-fee benchmarking; Remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-310-ITAT-2018(CHNY)-TP
  • Tax Payer : Gates Unitta India Company Private Limited
Income tax Appellate Tribunal

ITAT: Upholds TP-adjustment restriction only to international transactions; Follows HC-order in own case

  • In Favour of Assessee
  • Citation Number : TS-309-ITAT-2018(Mum)-TP
  • Tax Payer : Tara Jewels Export Pvt Ltd
Income tax Appellate Tribunal

ITAT: Non-filing of Form 3CEB to report share issue at premium cannot justify reassessment

  • In Favour of Assessee
  • Citation Number : TS-308-ITAT-2018(Mum)-TP
  • Tax Payer : Jay Maa Durga Buildtech Private Limited (merged with Lodha Construction Private Limited)
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar, fraudulent companies as comparables for ITeS-provider, follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-307-ITAT-2018(PUN)-TP
  • Tax Payer : KPIT Cummins Global Business Solutions Ltd
High Court

HC: Dismisses Revenue’s appeal; Upholds exclusion of 4 functionally dissimilar comparables

  • In Favour of Assessee
  • Citation Number : TS-306-HC-2018(DEL)-TP
  • Tax Payer : MPS Ltd