Rulings ( 11975 results )

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High Court

HC: Upholds ITAT’s remand of TP-provisions applicability to local amalgamation within Group

  • In Favour of Revenue
  • Citation Number : TS-305-HC-2018(BOM)-TP
  • Tax Payer : Thomson Reuters India Private Limited
Supreme Court

SC: Admits Revenue’s appeal on AMP-issue for Valvoline Cummins; Tags case with Honda Siel

  • In Favour of Revenue
  • Citation Number : TS-304-SC-2018-TP
  • Tax Payer : Valvoline Cummins Ltd
Income tax Appellate Tribunal

ITAT:Rejects plea that AE’s marketing services justified non-charging of interest on AE-loan

  • In Favour of Revenue
  • Citation Number : TS-303-ITAT-2018(Mum)-TP
  • Tax Payer : Virgo Engineering Ltd (Now merged with Virgo Valves & Controls Pvt Ltd)
High Court

HC:Admits assessee’s legal questions on applicability of TP-provisions to corporate guarantee

  • In Favour of Assessee
  • Citation Number : TS-302-HC-2018(BOM)-TP
  • Tax Payer : Minacs Pvt Ltd
High Court

HC: Admits JCB’s legal question on aggregation of closely linked transactions under TNMM

  • In Favour of Assessee
  • Citation Number : TS-301-HC-2018(DEL)-TP
  • Tax Payer : JCB India Ltd
High Court

HC:ITAT’s remand of AMP-issue unnecessary when Sony-ruling correctly applied by TPO/DRP

  • In Favour of Assessee
  • Citation Number : TS-300-HC-2018(DEL)-TP
  • Tax Payer : Callaway Golf India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds inclusion of comparables with different FY-ending; Departs from PTC Software HC-ruling view

  • In Favour of Both, Partially
  • Citation Number : TS-299-ITAT-2018(Mum)-TP
  • Tax Payer : Maersk Global Services Centre (I) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 12 companies as comparable for software service provider; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-298-ITAT-2018(Bang)-TP
  • Tax Payer : SAP Labs India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Cannot select AE as tested party absent data to demonstrate FAR analysis

  • In Favour of Revenue
  • Citation Number : TS-297-ITAT-2018(DEL)-TP
  • Tax Payer : GKN Driveline (India) Ltd
High Court

HC:Waives Rs.50K costs; Revenue’s writ challenging ITAT-stay not filed in entirely irresponsible manner

  • In Favour of Assessee
  • Citation Number : TS-296-HC-2018(KAR)-TP
  • Tax Payer : Epson India Pvt Ltd
High Court

HC:Upholds Brescon, Keynote exclusion considering functional dissimilarity, segmental-data unavailability, extraordinary event impact

  • In Favour of Assessee
  • Citation Number : TS-295-HC-2018(DEL)-TP
  • Tax Payer : Chrys Capital Invesment Advisors Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects WDV based benchmarking of purchase transaction; Accepts customs/DCF/chartered engineer’s valuation

  • In Favour of Assessee
  • Citation Number : TS-294-ITAT-2018(DEL)-TP
  • Tax Payer : Sarens Heavy Lift (I) P Ltd
High Court

HC: Upholds exclusion of 5 comparables for BPO service provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-293-HC-2018(BOM)-TP
  • Tax Payer : BNY Mellon International Operations (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits capacity utilization issue in manufacturing segment back to TPO following earlier-order

  • In Favour of Assessee
  • Citation Number : TS-292-ITAT-2018(DEL)-TP
  • Tax Payer : Nissin Brake India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Grants further stay extension to Manipal Global as appeals heard and orders awaited

  • In Favour of Assessee
  • Citation Number : TS-291-ITAT-2018(Bang)-TP
  • Tax Payer : Manipal Global Education Services P Ltd
Income tax Appellate Tribunal

ITAT:Construes ITAT-appeal against DRP-order as 'first appeal', applies CBDT circular on stay

  • In Favour of Assessee
  • Citation Number : TS-290-ITAT-2018(Kol)-TP
  • Tax Payer : Organon (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Grants conditional stay; Notes MAP-application for resolution of TP-issues pending disposal

  • In Favour of Assessee
  • Citation Number : TS-289-ITAT-2018(Bang)-TP
  • Tax Payer : Novozymes South Asia Pvt Ltd
Income tax Appellate Tribunal

ITAT:Restores TP-adjustment for BPO-services transaction for re-consideration of segmental results

  • In Favour of Assessee
  • Citation Number : TS-288-ITAT-2018(Mum)-TP
  • Tax Payer : Your Lifestyle Private Limited [Formerly known as Sanda Wellbeing Private Limited]
Income tax Appellate Tribunal

ITAT:Mere possibility of separating segments not reason to bifurcate financials arbitrarily

  • In Favour of Both, Partially
  • Citation Number : TS-287-ITAT-2018(DEL)-TP
  • Tax Payer : JDSU Indian Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects stay; Dismisses assessee’s grievance on comparables absent TP-documentation filing before TPO

  • In Favour of Assessee
  • Citation Number : TS-286-ITAT-2018(CHNY)-TP
  • Tax Payer : Mos Metro India Pvt Ltd