Rulings ( 11975 results )

Filters
Income tax Appellate Tribunal

ITAT:Rejects treatment of corporate guarantee as international transaction for AY 2010-11; Follows Reddy-Laboratories

  • In Favour of Assessee
  • Citation Number : TS-159-ITAT-2018(HYD)-TP
  • Tax Payer : Cyient Ltd (Formerly Infotech Enterprises Ltd)
Income tax Appellate Tribunal

ITAT: Dismisses Volvo India’s appeal on TP-issues in view of MAP-resolution

  • In Favour of Assessee
  • Citation Number : TS-158-ITAT-2018(Bang)-TP
  • Tax Payer : Volvo India Private Limited
Income tax Appellate Tribunal

ITAT:Stays demand for AY 2010-11 & 2011-12 considering prima facie case in favour of assessee

  • In Favour of Assessee
  • Citation Number : TS-157-ITAT-2018(Kol)-TP
  • Tax Payer : Bothra Shipping Services (currently known a Bothra Shipping Services (P) Ltd)
Income tax Appellate Tribunal

ITAT:Accepts assessee’s plea to allow working capital adjustment on actuals, remits issue

  • In Favour of Assessee
  • Citation Number : TS-156-ITAT-2018(Bang)-TP
  • Tax Payer : Zyme Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Considers segmental profitability using man-hour based allocation, notes APA following similar method

  • In Favour of Assessee
  • Citation Number : TS-155-ITAT-2018(PUN)-TP
  • Tax Payer : Tieto IT Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on outstanding AE-receivables rejecting TPO’s re-characterization as loan; Follows Kadimi-ruling

  • In Favour of Assessee
  • Citation Number : TS-154-ITAT-2018(DEL)-TP
  • Tax Payer : Inductis (India) Private Ltd
Income tax Appellate Tribunal

ITAT:Remits additional evidence admission matter to decide intra-group services TP-issue; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-153-ITAT-2018(PUN)-TP
  • Tax Payer : DSV Air & Sea Private Limited
Income tax Appellate Tribunal

ITAT: Remits issue of trademark acquisition from AE for fresh consideration

  • In Favour of Assessee
  • Citation Number : TS-152-ITAT-2018(CHNY)-TP
  • Tax Payer : Magic Woods Exports Private Limited
High Court

HC: Allows Mercedes-Benz to withdraw appeal challenging ITAT’s confirmation of TPO’s TNMM as MAM

  • In Favour of Assessee
  • Citation Number : TS-151-HC-2018(KAR)-TP
  • Tax Payer : Mercedes-Benz Research & Development India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on royalty; Follows earlier year ITAT-order in assessee's own case

  • In Favour of Assessee
  • Citation Number : TS-150-ITAT-2018(PUN)-TP
  • Tax Payer : Spicer India Private Limited (Formerly known as Spicer India Limited)
Income tax Appellate Tribunal

ITAT:Quashes assessment on amalgamating company; Follows SC ruling in Spice Enfotainment

  • In Favour of Assessee
  • Citation Number : TS-149-ITAT-2018(PUN)-TP
  • Tax Payer : Akzo Nobel Chemicals (India) Ltd (merged with Akzo Nobel India Limited)
Income tax Appellate Tribunal

ITAT: Quashes draft assessment order passed along with demand notice; Follows Rehau-Polymers ruling

  • In Favour of Assessee
  • Citation Number : TS-148-ITAT-2018(PUN)-TP
  • Tax Payer : Sandvik Asia Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s appeal; Upholds segregation of completely different manufacturing operations

  • In Favour of Assessee
  • Citation Number : TS-147-ITAT-2018(DEL)-TP
  • Tax Payer : Allied Domecq Spirits & Wine India Pvt Ltd (Now Beam Global Spirits & Wine India Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Hearing opportunity before TPO-reference unwarranted absent Chapter X applicability objection; Cites Vodafone, CBDT-Instruction

  • In Favour of Both, Partially
  • Citation Number : TS-146-ITAT-2018(Mum)-TP
  • Tax Payer : Omni Active Health Technologies Limited
Income tax Appellate Tribunal

ITAT: Technology acquisition cost only for new products; Rejects Nil ALP absent simultaneous royalty payment

  • In Favour of Assessee
  • Citation Number : TS-145-ITAT-2018(DEL)-TP
  • Tax Payer : Denso India Limited
Income tax Appellate Tribunal

ITAT: Excludes Thinksoft Global as comparable, software testing not comparable to software development

  • In Favour of Both, Partially
  • Citation Number : TS-144-ITAT-2018(Bang)-TP
  • Tax Payer : WM Global Technology Services (India) P Ltd
Income tax Appellate Tribunal

ITAT:Dismisses Revenue's appeal; TP-adjustment on reimbursement of seconded employees' salary, unsustainable

  • In Favour of Assessee
  • Citation Number : TS-143-ITAT-2018(DEL)-TP
  • Tax Payer : Blue Scope Steel India (P) Ltd
Income tax Appellate Tribunal

ITAT: Extends stay of demand as appeal disposal delay not attributable to assessee

  • In Favour of Assessee
  • Citation Number : TS-142-ITAT-2018(Bang)-TP
  • Tax Payer : The Himalaya Drug Company
Income tax Appellate Tribunal

ITAT:Grants partial demand stay to Cook India with partial payment of Rs.25 lakhs

  • In Favour of Both, Partially
  • Citation Number : TS-141-ITAT-2018(CHNY)-TP
  • Tax Payer : Cook India Medical Devices Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits comparable selection, grant of economic adjustment, tested party selection to AO/TPO

  • In Favour of Assessee
  • Citation Number : TS-140-ITAT-2018(PUN)-TP
  • Tax Payer : NORD Drive systems Private Limited