Rulings ( 11975 results )

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Income tax Appellate Tribunal

ITAT: Sets aside non-speaking CIT(A)-order confirming TP-adjustment; Directs re-adjudication

  • In Favour of Assessee
  • Citation Number : TS-49-ITAT-2018(Mum)-TP
  • Tax Payer : Perstorp Chemicals India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on royalty; Follows earlier year ITAT order

  • In Favour of Assessee
  • Citation Number : TS-1094-ITAT-2017(DEL)-TP
  • Tax Payer : Lumax Industries Ltd
Income tax Appellate Tribunal

ITAT:Directs R-Systems inclusion if FY-results can be reasonably extrapolated; Follows Mckinsey HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-48-ITAT-2018(DEL)-TP
  • Tax Payer : ST Microelectronics Pvt. Ltd
High Court

HC: Dismisses assessee's review petition challenging HC-order on appropriateness of TNMM

  • In Favour of Revenue
  • Citation Number : TS-47-HC-2018(DEL)-TP
  • Tax Payer : Cargill Foods India Pvt Ltd
High Court

HC: Upholds ITAT-order confirming TP-adjustment on discount to AE on merchanting transaction

  • In Favour of Revenue
  • Citation Number : TS-1093-HC-2017(DEL)-TP
  • Tax Payer : Cargill Foods India Pvt Ltd
High Court

HC:Dismisses Revenue's appeal and upholds ITAT's exclusion of 2 comparables

  • In Favour of Assessee
  • Citation Number : TS-1092-HC-2017(DEL)-TP
  • Tax Payer : ST Microelectronics Pvt Ltd (Earlier known as Genesis Microchip (India) Pvt Ltd)
Supreme Court

SC:Dismisses Revenue’s SLP against HC-order confirming comparables exclusion

  • In Favour of Assessee
  • Citation Number : TS-46-SC-2018-TP
  • Tax Payer : ST Microelectronics Pvt Ltd (Before merger known as Genesis Microchip (India) Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables citing different business model, merger affecting comparability and RPT

  • In Favour of Assessee
  • Citation Number : TS-1091-ITAT-2017(DEL)-TP
  • Tax Payer : Transcend MT Services Pvt Ltd
High Court

HC: Dismisses Revenue's appeal against comparable inclusion absent functional dissimilarity, factor impacting profitability

  • In Favour of Assessee
  • Citation Number : TS-45-HC-2018(DEL)-TP
  • Tax Payer : Becton Dickinson India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits comparable selection citing failure to consider functional analysis regarding employee cost

  • In Favour of Both, Partially
  • Citation Number : TS-1090-ITAT-2017(CHNY)-TP
  • Tax Payer : Flextronics Technologies (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Issue that reached finality in earlier-year can’t be challenged in subsequent-year; Deletes TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-1089-ITAT-2017(Ahd)-TP
  • Tax Payer : Suzlon Energy Limited
Income tax Appellate Tribunal

ITAT: Upholds RPM where CUP-data fails to consider iron-ore quality, a price-determinant

  • In Favour of Assessee
  • Citation Number : TS-43-ITAT-2018(Mum)-TP
  • Tax Payer : Billion Wealth Minerals Pvt Ltd
Supreme Court

SC:Allows assessee's SLP against reassessment considering DRP-finding that PE does not exist

  • In Favour of Assessee
  • Citation Number : TS-42-SC-2018-TP
  • Tax Payer : LG Electronics Incorporation, South Korea
Income tax Appellate Tribunal

ITAT: Dismisses Revenue's appeal; Upholds DRP's grant of working capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-41-ITAT-2018(DEL)-TP
  • Tax Payer : H&S Software Development & Knowledge Management Centre Pvt Ltd
Income tax Appellate Tribunal

ITAT:'Unallocable expenses' apportionment in turnover ratio unsustainable, excludes comparables as PLI-computation sheds credibility

  • In Favour of Both, Partially
  • Citation Number : TS-40-ITAT-2018(DEL)-TP
  • Tax Payer : CEVA Freight India Private Limited (Formerly Known as EGL Eagle Global Logistics (India) Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Rejects TPO's 'loan' classification for low price share-buyback; Deletes guarantee fee TP-addition

  • In Favour of Revenue
  • Citation Number : TS-39-ITAT-2018(Mum)-TP
  • Tax Payer : Wockhardt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment absent AMP-expense sharing condition in AE-agreement; Follows Thomas Cook ruling

  • In Favour of Assessee
  • Citation Number : TS-38-ITAT-2018(Mum)-TP
  • Tax Payer : India Medtronic Private Limited
Income tax Appellate Tribunal

ITAT:Deletes TP-addition on management support and IT-services; Rejects 3 software-development comparables

  • In Favour of Assessee
  • Citation Number : TS-1088-ITAT-2017(Kol)-TP
  • Tax Payer : Philips India Ltd
Income tax Appellate Tribunal

ITAT: Rejects CUP considering geographical, volume differences with non-AE export; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-1087-ITAT-2017(PUN)-TP
  • Tax Payer : Intervet India Private Limited
Income tax Appellate Tribunal

ITAT: Call-options termination constitutes international transaction, Vodafone entities 'acted in concert'; Upholds TP-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-37-ITAT-2018(Ahd)-TP
  • Tax Payer : Vodafone India Services Pvt Ltd