Rulings ( 11975 results )

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Income tax Appellate Tribunal

ITAT: Rules on comparables selection for BPO-assessee; Allows capacity adjustment claim in start-up year

  • In Favour of Both, Partially
  • Citation Number : TS-201-ITAT-2018(PUN)-TP
  • Tax Payer : Ventura India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on AE-receivables considering all payments realized within 180-day agreed period

  • In Favour of Assessee
  • Citation Number : TS-200-ITAT-2018(DEL)-TP
  • Tax Payer : Globerian India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds TP-adjustment on AE-receivable, but adopts export packing-credit interest rate

  • In Favour of Both, Partially
  • Citation Number : TS-199-ITAT-2018(Mum)-TP
  • Tax Payer : Mahindra and Mahindra Ltd
Income tax Appellate Tribunal

ITAT: Grants stay; Notes assessee ‘back to square one’ post-HC remanding AMP-issue

  • In Favour of Assessee
  • Citation Number : TS-198-ITAT-2018(DEL)-TP
  • Tax Payer : MSD Pharmaceuticals (P) Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment on AE-sales; Assessee and Revenue didn't follow proper benchmarking method

  • In Favour of Both, Partially
  • Citation Number : TS-197-ITAT-2018(Mum)-TP
  • Tax Payer : Mahindra & Mahindra Ltd
Income tax Appellate Tribunal

ITAT: CBDT Instruction No.3/2003 binding, quashes TPO-reference where international transaction quantum < 5cr for AY 2006-07

  • In Favour of Assessee
  • Citation Number : TS-196-ITAT-2018(DEL)-TP
  • Tax Payer : Calance Software Pvt Ltd
Income tax Appellate Tribunal

ITAT: Cannot include even a functionally similar company if it doesn't meet TPO's filters

  • In Favour of Both, Partially
  • Citation Number : TS-195-ITAT-2018(PUN)-TP
  • Tax Payer : Starent Networks India Pvt Ltd
High Court

HC:Dismisses Revenue’s appeal challenging TP-adjustments on loan & advance for share application

  • In Favour of Assessee
  • Citation Number : TS-194-HC-2018(BOM)-TP
  • Tax Payer : Videocon Industries Ltd
High Court

HC: Dismisses Revenue's appeal challenging concealment penalty deletion; Upholds ITAT's 'debatable issue' conclusion

  • In Favour of Assessee
  • Citation Number : TS-193-HC-2018(DEL)-TP
  • Tax Payer : GLOBAL VANTEDGE PVT LTD
High Court

HC: Remits comparability of Keynote, Motilal Oswal to Tribunal following own ruling

  • In Favour of Assessee
  • Citation Number : TS-192-HC-2018(DEL)-TP
  • Tax Payer : Chrys Capital Investment Advisors (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Includes Infosys BPO as comparable, rejects functional dissimilarity, brand value impact plea

  • In Favour of Both, Partially
  • Citation Number : TS-191-ITAT-2018(DEL)-TP
  • Tax Payer : Cadence Design Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Irrecoverable interest-free loan to AE impacts profitability, excludes 'Informed Technologies' as comparable

  • In Favour of Assessee
  • Citation Number : TS-190-ITAT-2018(COCH)-TP
  • Tax Payer : XM Software Solution Private Limited
High Court

HC: Dismisses Revenue’s appeal; Upholds rejection of export, domestic margins comparison for different products

  • In Favour of Assessee
  • Citation Number : TS-189-HC-2018(BOM)-TP
  • Tax Payer : Keihin Fie Pvt Ltd
Income tax Appellate Tribunal

ITAT:Can’t exclude companies with operating losses considering functional similarity and profits at GP-level

  • In Favour of Assessee
  • Citation Number : TS-188-ITAT-2018(Kol)-TP
  • Tax Payer : P &amp; H Joy Mining Equipment India Ltd
Income tax Appellate Tribunal

ITAT: Deletes Nivea’s AMP-adjustment; Explains ‘subtle but definite difference’ between product & brand promotion

  • In Favour of Assessee
  • Citation Number : TS-187-ITAT-2018(Mum)-TP
  • Tax Payer : Nivea India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Includes consumables in cost for margin-computation under RPM; TP-adjustment on imports, unsustainable

  • In Favour of Assessee
  • Citation Number : TS-186-ITAT-2018(PUN)-TP
  • Tax Payer : Eaton Power Quality Pvt Ltd
Income tax Appellate Tribunal

ITAT:Directs consideration of forex-gains as operating income; Rejects Revenue’s Safe-Harbour Rules reliance

  • In Favour of Assessee
  • Citation Number : TS-185-ITAT-2018(PUN)-TP
  • Tax Payer : Digital Group Infotech Pvt Ltd
High Court

HC: Admits Revenue’s appeal on aggregation of intra-group service for ALP-determination

  • In Favour of Revenue
  • Citation Number : TS-184-HC-2018(DEL)-TP
  • Tax Payer : Corning SAS- India
Income tax Appellate Tribunal

ITAT: Excludes 6 comparables for software developer; Forex gains/losses operating in nature

  • In Favour of Assessee
  • Citation Number : TS-182-ITAT-2018(DEL)-TP
  • Tax Payer : Siemens Product Lifecycle Management Software (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables selection for investment advisor; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-181-ITAT-2018(Mum)-TP
  • Tax Payer : General Atlantic Pvt Ltd