Rulings ( 11975 results )

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High Court

HC: Admits Revenue's appeal against ITAT order deleting TP-adjustment on corporate guarantee

  • In Favour of Assessee
  • Citation Number : TS-179-HC-2018(GUJ)-TP
  • Tax Payer : Suzlon Energy Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on intra-group services, availment & basis of charge established

  • In Favour of Assessee
  • Citation Number : TS-178-ITAT-2018(PUN)-TP
  • Tax Payer : Eaton Fluid Power Limited
High Court

HC: Dismisses Revenue's appeal against concealment penalty deletion; Accepts ITAT's 'debatable issue' conclusion

  • In Favour of Assessee
  • Citation Number : TS-177-HC-2018(DEL)-TP
  • Tax Payer : GLOBAL VANTEDGE PVT LTD
Income tax Appellate Tribunal

ITAT: Explains capacity adjustment computation mechanism; Directs separate benchmarking for consultancy services

  • In Favour of Both, Partially
  • Citation Number : TS-176-ITAT-2018(DEL)-TP
  • Tax Payer : Daikin Airconditioning India Pvt Ltd
High Court

HC:Upholds ITAT-order allowing overhead expense allocation by JV-partners to assessee AOP

  • In Favour of Assessee
  • Citation Number : TS-175-HC-2018(BOM)-TP
  • Tax Payer : International Metro Civil Contractors
Supreme Court

SC: Re-assessment initiation based on PE allegation not sustainable once arm's-length threshold met

  • In Favour of Assessee
  • Citation Number : TS-174-SC-2018-TP
  • Tax Payer : Honda Motor Co Ltd
Income tax Appellate Tribunal

ITAT:Rejects assessee's aggregated benchmarking of royalty under TNMM, confirms sales commission TP-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-173-ITAT-2018(DEL)-TP
  • Tax Payer : Johnson Matthey India Private Ltd
Income tax Appellate Tribunal

ITAT: Cannot include company with turnover marginally higher than upper turnover as comparable

  • In Favour of Both, Partially
  • Citation Number : TS-172-ITAT-2018(PUN)-TP
  • Tax Payer : Amber Point Technology India Pvt Ltd
High Court

HC: Applying expenses based RPT-formula only to one comparable distorts picture, remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-171-HC-2018(DEL)-TP
  • Tax Payer : Chrys Capital Investment Advisors (India) Pvt Ltd
Supreme Court

SC: Dismisses SLP against HC's quashing of final assessment without passing draft order

  • In Favour of Both, Partially
  • Citation Number : TS-170-SC-2018-TP
  • Tax Payer : Control Risks India P Ltd
Income tax Appellate Tribunal

ITAT:Quashes final assessment order making TP-adjustment on entity-level; Follows HC-rulings

  • In Favour of Assessee
  • Citation Number : TS-169-ITAT-2018(DEL)-TP
  • Tax Payer : Syniverse Technologies Services (India) Pvt. Ltd.
Income tax Appellate Tribunal

ITAT:Deletes outstanding AE-receivables TP-adjustment absent interest charged to non-AE in similar scenario

  • In Favour of Assessee
  • Citation Number : TS-168-ITAT-2018(DEL)-TP
  • Tax Payer : Axis Risk Consulting Services Private Limited
Income tax Appellate Tribunal

ITAT: Allows Sec 10A deduction on voluntary TP-adjustment; Follows iGate over Deloitte ruling

  • In Favour of Both, Partially
  • Citation Number : TS-167-ITAT-2018(PUN)-TP
  • Tax Payer : Approva Systems Pvt. Ltd.
Income tax Appellate Tribunal

ITAT:Rejects Nil-ALP determination, use of foreign comparable for benchmarking brand royalty

  • In Favour of Both, Partially
  • Citation Number : TS-166-ITAT-2018(DEL)-TP
  • Tax Payer : Vodafone Essar Digilink Ltd.
Income tax Appellate Tribunal

ITAT:Grants conditional stay on demand arising on account of AMP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-165-ITAT-2018(Mum)-TP
  • Tax Payer : Edwards Lifesciences (India) Private Limited
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s appeal against non-existent draft order proposing TP-adjustment as infructuous

  • In Favour of Revenue
  • Citation Number : TS-164-ITAT-2018(DEL)-TP
  • Tax Payer : Turner International India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes L&T Infotech considering inability of allocating ‘unallocable expenses’; Follows CEVA Freight

  • In Favour of Both, Partially
  • Citation Number : TS-163-ITAT-2018(DEL)-TP
  • Tax Payer : Pitney Bowes Software India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables selection in ITES-segment; Confirms R-Systems, Caliber Point exclusion for following different-FY

  • In Favour of Both, Partially
  • Citation Number : TS-162-ITAT-2018(Bang)-TP
  • Tax Payer : XLHealth Corporation India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs uniform application of filters to all comparables; Remits issue

  • In Favour of Assessee
  • Citation Number : TS-161-ITAT-2018(Bang)-TP
  • Tax Payer : Swiss Re Global Business Solutions India Private Ltd
Income tax Appellate Tribunal

ITAT:5 tolerance range applicable to arm’s length ‘price’, not ‘profitability’; Remits issue

  • In Favour of Assessee
  • Citation Number : TS-160-ITAT-2018(Mum)-TP
  • Tax Payer : Exedy India Ltd (Formerly known as Ceekay Daikin Limited)