Rulings ( 11975 results )

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Income tax Appellate Tribunal

ITAT:Remits business division sale transaction to DRP; Clarifies no secondary adjustment for AY 2009-10

  • In Favour of Both, Partially
  • Citation Number : TS-285-ITAT-2018(Mum)-TP
  • Tax Payer : Prudential Process Management Services India Private Limited
Income tax Appellate Tribunal

ITAT: Grants conditional stay on demand arising due to TP-adjustment on purchases transaction

  • In Favour of Revenue
  • Citation Number : TS-284-ITAT-2018(CHNY)-TP
  • Tax Payer : Cameron Manufacturing (India) Private Limited
Income tax Appellate Tribunal

ITAT: Rejects Revenue’s attempt to re-characterize BPO assessee’s profile already accepted by TPO

  • In Favour of Both, Partially
  • Citation Number : TS-283-ITAT-2018(HYD)-TP
  • Tax Payer : Progressive Digital Media Private Limited
Income tax Appellate Tribunal

ITAT:Deletes penalty; Comparables selection, an objective exercise, cannot amount to material facts concealment

  • In Favour of Assessee
  • Citation Number : TS-282-ITAT-2018(DEL)-TP
  • Tax Payer : Sequence Design (I) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 companies from comparable list noting functional dissimilarity, follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-281-ITAT-2018(PUN)-TP
  • Tax Payer : PubMatic India Private Limited
Income tax Appellate Tribunal

ITAT: Upholds TNMM over assessee’s CUP for benchmarking software services, follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-280-ITAT-2018(Bang)-TP
  • Tax Payer : Mercedes Benz Research & Development India P Ltd
Income tax Appellate Tribunal

ITAT: Doubtful debt provision, operating in nature if closely linked to business operations

  • In Favour of Both, Partially
  • Citation Number : TS-279-ITAT-2018(Bang)-TP
  • Tax Payer : Capco Technologies P Ltd
Income tax Appellate Tribunal

ITAT:Upholds Sec 10A deduction claim on voluntary TP-adjustment; Follows iGate ruling

  • In Favour of Assessee
  • Citation Number : TS-278-ITAT-2018(DEL)-TP
  • Tax Payer : GS Engineering & Construction India Pvt. Ltd
Income tax Appellate Tribunal

ITAT:Rejects Panasonic Corporation’s stay absent prima-facie case on TP-issues or financial constraints

  • In Favour of Revenue
  • Citation Number : TS-277-ITAT-2018(CHNY)-TP
  • Tax Payer : Panasonic Corporation
High Court

HC: Upholds 4 comparables exclusion in IT & ITeS segments; Admits appeal on Bodhtree comparability

  • In Favour of Both, Partially
  • Citation Number : TS-276-HC-2018(BOM)-TP
  • Tax Payer : PTC Software (I) Pvt Ltd
High Court

HC: Upholds TNMM for export & import transactions following assessee’s own HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-275-HC-2018(BOM)-TP
  • Tax Payer : Amphenol Interconnect India P Ltd
Income tax Appellate Tribunal

ITAT:Quashes draft assessment order passed along with demand notice; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-274-ITAT-2018(PUN)-TP
  • Tax Payer : Eaton Industrial Systems Pvt Ltd
High Court

HC: Upholds exclusion of Wipro on grounds of turnover, brand-value and extraordinary events

  • In Favour of Assessee
  • Citation Number : TS-273-HC-2018(DEL)-TP
  • Tax Payer : Agnity India Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT:Dismisses miscellaneous petition; Assessee can’t seek remedy before ITAT during HC-appeal pendency

  • In Favour of Revenue
  • Citation Number : TS-272-ITAT-2018(Bang)-TP
  • Tax Payer : Cable and Wireless Networks India P Ltd
Income tax Appellate Tribunal

ITAT:Grants conditional stay on demand arising due to corporate guarantee TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-271-ITAT-2018(Kol)-TP
  • Tax Payer : Apeejay Shipping Limited
Income tax Appellate Tribunal

ITAT: Fixed assets written-off not part of operating costs for computing margin; Deletes TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-270-ITAT-2018(Mum)-TP
  • Tax Payer : Owens-Corning (India) Private Limited
High Court

HC:DRP-order binding on AO; Upholds ITAT's confirmation of DRP's risk adjustment modification

  • In Favour of Assessee
  • Citation Number : TS-268-HC-2018(DEL)-TP
  • Tax Payer : Symphony Marketing Solutions India Pvt Ltd (now Merged with Genpact India)
Income tax Appellate Tribunal

ITAT: Follows earlier year order to exclude 4 comparable, remits comparability of 2 companies

  • In Favour of Assessee
  • Citation Number : TS-267-ITAT-2018(DEL)-TP
  • Tax Payer : E-Valueserve SEZ (Gurgaon) P Ltd
Income tax Appellate Tribunal

ITAT:Upholds AMP-adjustment deletion for Synthes Medical following earlier-orders

  • In Favour of Assessee
  • Citation Number : TS-266-ITAT-2018(Mum)-TP
  • Tax Payer : Synthes Medical Private Limited
Income tax Appellate Tribunal

ITAT: Revenue can determine assessee's-ALP, despite AE's income acceptance, considering likely base erosion

  • In Favour of Revenue
  • Citation Number : TS-265-ITAT-2018(Bang)-TP
  • Tax Payer : Filtrex Technologies Pvt Ltd