Rulings ( 11975 results )

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Authority for Advance Rulings

AAR:Mauritian company's control & management not with US Holding Co.; Grants Capital gains exemption

  • In Favour of Assessee
  • Citation Number : TS-1097-AAR-2017-TP
  • Tax Payer : AB Holdings, Mauritius-II
Income tax Appellate Tribunal

ITAT:Rejects TPO's 2 comparables while benchmarking investment advisory services; Follows Temasek

  • In Favour of Assessee
  • Citation Number : TS-66-ITAT-2018(Mum)-TP
  • Tax Payer : Wells Fargo Real Estate Advisors Pvt Ltd
Income tax Appellate Tribunal

ITAT: No interest adjustment warranted when working-capital adjustment considers outstanding receivables; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-65-ITAT-2018(DEL)-TP
  • Tax Payer : Kusum Healthcare Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects expense verification for ALP-computation during remand considering Tribunal's mere ALP-calculation direction

  • In Favour of Assessee
  • Citation Number : TS-64-ITAT-2018(HYD)-TP
  • Tax Payer : St. Jude Medical India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Retains Avani-Cimcon as functionally comparable for software-developer; Excludes 5 other comparables

  • In Favour of Both, Partially
  • Citation Number : TS-63-ITAT-2018(HYD)-TP
  • Tax Payer : CNO IT Services (India) P Ltd (earlier known as Conseco Data Services (India) P Ltd)
High Court

HC:Quashes Daimler's re-opening noting Form 3CEB disclosure; Onus on AO to peruse TPO's order

  • In Favour of Assessee
  • Citation Number : TS-62-HC-2018(MAD)-TP
  • Tax Payer : Daimler India Commercial Vehicles Private Limited
Income tax Appellate Tribunal

ITAT: Remits functional comparability of 8 companies for business support service provider

  • In Favour of Both, Partially
  • Citation Number : TS-61-ITAT-2018(Bang)-TP
  • Tax Payer : Oaknet Healthcare Pvt Ltd (formerly known as Adcock Ingram Healthcare Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Upholds internal-TNMM despite low turnover; Remits ALP-computation to consider idle capacity adjustment

  • In Favour of Assessee
  • Citation Number : TS-60-ITAT-2018(HYD)-TP
  • Tax Payer : Srini Pharmaceuticals Ltd
High Court

HC:Upholds 2 comparables exclusion for software-developer; Admits legal question on 2 comparables

  • In Favour of Both, Partially
  • Citation Number : TS-59-HC-2018(DEL)-TP
  • Tax Payer : S.T. Ericsson India Pvt. Ltd (Chemical Construction International Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Applies LIBOR+3bps as interest ALP for outstanding AE-receivables; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-58-ITAT-2018(PUN)-TP
  • Tax Payer : Capgemini Technology Services India Limited, (in the matter of iGate Computer Systems Limited)
Income tax Appellate Tribunal

ITAT:Non-monetary aspects important for judging benefit test; Rejects license, management fees Nil-ALP

  • In Favour of Assessee
  • Citation Number : TS-57-ITAT-2018(Bang)-TP
  • Tax Payer : Adcock Ingram Ltd
Income tax Appellate Tribunal

ITAT: Rejects CIT(A)’s application of RPT-filter absent assessee’s specific grievance before CIT(A)

  • In Favour of Revenue
  • Citation Number : TS-56-ITAT-2018(Bang)-TP
  • Tax Payer : Nirvana Business Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants conditional stay; TP-adjustment due to comparables selection in dispute

  • In Favour of Assessee
  • Citation Number : TS-55-ITAT-2018(Bang)-TP
  • Tax Payer : Finastra Software Solutions (India) Pvt Ltd (formerly Misys Software Solutions India Pvt Ltd)
Income tax Appellate Tribunal

ITAT:Accepts assessee’s PLR over TPO’s LIBOR for benchmarking FCCD interest; Follows Adama-ruling

  • In Favour of Assessee
  • Citation Number : TS-54-ITAT-2018(HYD)-TP
  • Tax Payer : Hyderabad Infratech Private Electronics Limited
High Court

HC:Upholds ITAT’s extension of demand stay beyond statutory limit, follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-53-HC-2018(DEL)-TP
  • Tax Payer : Pepsi Foods Pvt Ltd
Income tax Appellate Tribunal

ITAT: Sets aside CIT(A)'s order remanding ALP-computation; Directs CIT(A) to adjudicate issue himself

  • In Favour of Revenue
  • Citation Number : TS-52-ITAT-2018(Bang)-TP
  • Tax Payer : Integral India Software Development Centre (P) Ltd
Income tax Appellate Tribunal

ITAT:Excludes 3 comparables in Contract R&D segment; Remits working capital adjustment claim

  • In Favour of Assessee
  • Citation Number : TS-51-ITAT-2018(DEL)-TP
  • Tax Payer : Akzo Noble Car Refinishes India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits assessee’s functional profile determination, management services transaction back to TPO

  • In Favour of Both, Partially
  • Citation Number : TS-1096-ITAT-2017(Bang)-TP
  • Tax Payer : CAE India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Grants conditional stay; ALP adjustment to be restricted only to AE-transactions

  • In Favour of Both, Partially
  • Citation Number : TS-50-ITAT-2018(Bang)-TP
  • Tax Payer : IKA India P Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables for software developer; Allows capacity underutilization adjustment following Moschip-ruling

  • In Favour of Assessee
  • Citation Number : TS-1095-ITAT-2017(HYD)-TP
  • Tax Payer : Capgemini Technology Services India Ltd (formerly known as IGATE Global Solutions Ltd)