Rulings ( 11975 results )

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Income tax Appellate Tribunal

ITAT: Excludes 5 comparables for software-developer; Includes advance from AE in working-capital computation

  • In Favour of Assessee
  • Citation Number : TS-118-ITAT-2018(Bang)-TP
  • Tax Payer : Cypress Semi - Conductor (I) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Restores TP-issue to AO/TPO to follow earlier year order on comparable exclusion

  • In Favour of Assessee
  • Citation Number : TS-117-ITAT-2018(DEL)-TP
  • Tax Payer : Samsung Heavy Industries Pvt Ltd
Income tax Appellate Tribunal

ITAT:Excludes 5 comparables due to functional dissimilarity, deletes TP-adjustment on marketing support services

  • In Favour of Assessee
  • Citation Number : TS-116-ITAT-2018(Mum)-TP
  • Tax Payer : Abacus Distribution Systems (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Refuses to invalidate assessment; AO to issue fresh notice transposing amalgamated company's name

  • In Favour of Assessee
  • Citation Number : TS-1106-ITAT-2017(HYD)-TP
  • Tax Payer : Cyient Ltd (formerly Infotech Enterprises Ltd) Successor to Tele Atlas India Ltd
Income tax Appellate Tribunal

ITAT:Quashes assessment order framed on non-existent amalgamated company; Follows Maruti, Spice-Enfotainment rulings

  • In Favour of Assessee
  • Citation Number : TS-115-ITAT-2018(DEL)-TP
  • Tax Payer : Genpact Infrastructure (Bhopal) Pvt Ltd (now merged with Genpact India)
Income tax Appellate Tribunal

ITAT:Extends stay for Vodafone Mobile as delay in appeal disposal not attributable to assessee

  • In Favour of Assessee
  • Citation Number : TS-114-ITAT-2018(Bang)-TP
  • Tax Payer : Vodafone Mobile Services Ltd
Income tax Appellate Tribunal

ITAT:Confirms TP-adjustment deletion on royalty; Rejects TPO's 'no economic benefit' claim

  • In Favour of Assessee
  • Citation Number : TS-113-ITAT-2018(DEL)-TP
  • Tax Payer : Bestexx MM India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds 15 profit attribution to PE; Rejects Revenue's fresh FAR-analysis proposal

  • In Favour of Both, Partially
  • Citation Number : TS-112-ITAT-2018(Mum)-TP
  • Tax Payer : Sabre Asia Pacific Pte Ltd (Earlier Known as Abacus International Pte Ltd)
High Court

HC: Admits Ecocat India’s appeal on MAM-selection and forex fluctuation treatment

  • In Favour of Assessee
  • Citation Number : TS-111-HC-2018(DEL)-TP
  • Tax Payer : Ecocat India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Grants stay on demand arising due to TP-adjustment involving comparables selection

  • In Favour of Assessee
  • Citation Number : TS-110-ITAT-2018(Bang)-TP
  • Tax Payer : Adamas Builders Pvt Ltd
Income tax Appellate Tribunal

ITAT:Confirms TP-adjustment deletion on old machinery purchase; Accepts Chartered-Engineer’s valuation as CUP

  • In Favour of Assessee
  • Citation Number : TS-109-ITAT-2018(DEL)-TP
  • Tax Payer : Caparo Engineering India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Extends stay for Mercedes Benz as appeals heard and orders awaited

  • In Favour of Assessee
  • Citation Number : TS-108-ITAT-2018(Bang)-TP
  • Tax Payer : Mercedes Benz Research & Development India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Applies margin agreed for IT/ITeS with US-AE for similar non-US AE transactions

  • In Favour of Assessee
  • Citation Number : TS-107-ITAT-2018(DEL)-TP
  • Tax Payer : Fidelity Business Services India Pvt Ltd
High Court

HC:Admits assessee's appeal on most appropriate method for purchase/sale transaction ALP-determination

  • In Favour of Assessee
  • Citation Number : TS-106-HC-2018(BOM)-TP
  • Tax Payer : Henkel Adhesives Technologies India Pvt Ltd
High Court

HC:Upholds ITAT’s comparables inclusion for medical devices manufacturer; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-105-HC-2018(DEL)-TP
  • Tax Payer : Becton Dickinson India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs internal benchmarking for software developer if similar transactions with non-AEs demonstrated

  • In Favour of Both, Partially
  • Citation Number : TS-104-ITAT-2018(Bang)-TP
  • Tax Payer : Brillio Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Onsite filter, a relevant filter; Directs application to all comparables

  • In Favour of Both, Partially
  • Citation Number : TS-1105-ITAT-2017(Bang)-TP
  • Tax Payer : Broadcom Communication Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits Forex loss/R&D cess disallowance to consider impact of MAP resolution

  • In Favour of Both, Partially
  • Citation Number : TS-103-ITAT-2018(DEL)-TP
  • Tax Payer : Mcdonald’s India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects Motorola's ‘no international transaction’ plea for AMP-expenses absent ground in earlier ITAT-round

  • In Favour of Both, Partially
  • Citation Number : TS-102-ITAT-2018(DEL)-TP
  • Tax Payer : Motorola Solutions (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Restores concealment penalty levy to consider outcome of order on quantum TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-101-ITAT-2018(DEL)-TP
  • Tax Payer : New Delhi Television Ltd