Rulings ( 11975 results )

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Income tax Appellate Tribunal

ITAT: Fluctuating profit margin due to abnormal circumstances sufficient ground for comparable exclusion

  • In Favour of Assessee
  • Citation Number : TS-221-ITAT-2018(DEL)-TP
  • Tax Payer : United Health Group Information Services Private Limited
Income tax Appellate Tribunal

ITAT: Special rebate due to auto-industry recession, not extraordinary cost for assessee's software-business

  • In Favour of Revenue
  • Citation Number : TS-220-ITAT-2018(Bang)-TP
  • Tax Payer : Logix Microsystems Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on management support services & AMP-expenses following earlier order

  • In Favour of Assessee
  • Citation Number : TS-219-ITAT-2018(Kol)-TP
  • Tax Payer : Philips India Limited (formerly Philips Electronics India Ltd)
Income tax Appellate Tribunal

ITAT:Quashes revision, AO-order without TPO-reference not erroneous; Statute overrides Circular when contrary

  • In Favour of Assessee
  • Citation Number : TS-218-ITAT-2018(LKW)-TP
  • Tax Payer : Prem Manohar Gupta
Income tax Appellate Tribunal

ITAT: Rules on comparables selection in back-office & technical services segments; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-217-ITAT-2018(Mum)-TP
  • Tax Payer : ExxonMobil Company India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 5 comparables for IT/ITeS; Working capital adjustment relevant in service industry

  • In Favour of Both, Partially
  • Citation Number : TS-216-ITAT-2018(DEL)-TP
  • Tax Payer : Agilent Technologies (International) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits management support & freight charges ALP-computation following assessee’s own ruling

  • In Favour of Assessee
  • Citation Number : TS-215-ITAT-2018(DEL)-TP
  • Tax Payer : Geodis Overseas Private Limited
Income tax Appellate Tribunal

ITAT: Remits TP-issues to decide assessee’s additional grounds along with main appeal grounds

  • In Favour of Both, Partially
  • Citation Number : TS-214-ITAT-2018(Bang)-TP
  • Tax Payer : Aptean India Pvt Ltd (formerly Consona CRM Software Services India Pvt Ltd)
Income tax Appellate Tribunal

ITAT:Applies TNMM over TPO’s CUP-method for technical fees benchmarking; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-213-ITAT-2018(DEL)-TP
  • Tax Payer : Magneti Marelli Powertrain India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 6 comparables in software development segment; Remits comparability of Megasoft

  • In Favour of Both, Partially
  • Citation Number : TS-212-ITAT-2018(Bang)-TP
  • Tax Payer : Nvidia Graphics Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds DRP’s exclusion of prior-period expenses while computing PLI; Follows Dana-India ruling

  • In Favour of Both, Partially
  • Citation Number : TS-211-ITAT-2018(PUN)-TP
  • Tax Payer : Aam Services India Pvt. Ltd
Income tax Appellate Tribunal

ITAT:Remits TP-issues back to AO to consider additional evidence filed by assessee

  • In Favour of Both, Partially
  • Citation Number : TS-210-ITAT-2018(CHNY)-TP
  • Tax Payer : Industries Del Recambio India Private Limited
High Court

HC: Dismisses Revenue’s appeal; Upholds exclusion of Genesys International & Coral Hubs

  • In Favour of Assessee
  • Citation Number : TS-209-HC-2018(BOM)-TP
  • Tax Payer : Cummins Turbo Technologies Ltd
Income tax Appellate Tribunal

ITAT:Deletes corporate guarantee TP-adjustment; Remits ALP-determination of convertible debentures interest

  • In Favour of Both, Partially
  • Citation Number : TS-208-ITAT-2018(CHNY)-TP
  • Tax Payer : Siva Industries and Holdings Ltd
Income tax Appellate Tribunal

ITAT: Holds draft assessment order passed alongwith demand notice as ‘invalid’; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-207-ITAT-2018(PUN)-TP
  • Tax Payer : Sandvik Asia Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds Infosys Technology exclusion for software developer assessee; Follows Agnity ruling

  • In Favour of Assessee
  • Citation Number : TS-206-ITAT-2018(DEL)-TP
  • Tax Payer : Virage Logic International India Branch Office
High Court

HC: Upholds TNMM for AE-exports and sales commission; Considers ITAT’s view as reasonable

  • In Favour of Assessee
  • Citation Number : TS-205-HC-2018(BOM)-TP
  • Tax Payer : Amphenol Interconnect India P Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-issues to consider assessee’s additional evidence; Follows earlier years’ approach

  • In Favour of Assessee
  • Citation Number : TS-204-ITAT-2018(Bang)-TP
  • Tax Payer : Wipro GE Healthcare Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects Tribunal’s direction on 25-RPT application considering filter already applied by TPO

  • In Favour of Assessee
  • Citation Number : TS-203-ITAT-2018(Bang)-TP
  • Tax Payer : ACI Worldwide Solutions P Ltd
Income tax Appellate Tribunal

ITAT: Allows FactSet to withdraw appeal against TP-adjustment considering resolution under APA

  • In Favour of Assessee
  • Citation Number : TS-202-ITAT-2018(HYD)-TP
  • Tax Payer : FactSet Systems India Private Limited