Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT:Remits TP-issue for fresh-consideration considering CIT(A)’s ex-parte order sans decision on merits

  • In Favour of Assessee
  • Citation Number : TS-1215-ITAT-2019(DEL)-TP
  • Tax Payer : STRYKER INDIA PRIVATE LIMITED
Income tax Appellate Tribunal

ITAT: Allows assessee’s-MA; Modifies Tribunal-order w.r.t ALP-determination for sale of carpets, credit period

  • In Favour of Assessee
  • Citation Number : TS-1214-ITAT-2019(JPR)-TP
  • Tax Payer : Jaipur Rugs Co Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes AMP-adjustment for distributor-assessee; Treats subvention amount as operating item

  • In Favour of Assessee
  • Citation Number : TS-1213-ITAT-2019(DEL)-TP
  • Tax Payer : MSD Pharmaceuticals (P) Ltd
Income tax Appellate Tribunal

ITAT:Quashes Sec.263-order; AO’s SDT non-reference to TPO not erroneous considering Sec 92B(1) omission

  • In Favour of Assessee
  • Citation Number : TS-1212-ITAT-2019(Kol)-TP
  • Tax Payer : AIC Iron Industries Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds Sec 271G penalty deletion for diamond merchant; Follows Leo Schachter ruling

  • In Favour of Assessee
  • Citation Number : TS-1211-ITAT-2019(Mum)-TP
  • Tax Payer : Arjav Diamond India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-determination of IT, Management Services to consider assessee’s documentary evidences

  • In Favour of Assessee
  • Citation Number : TS-1210-ITAT-2019(Bang)-TP
  • Tax Payer : Incap Contract Manufacturing Services Pvt Ltd
Income tax Appellate Tribunal

ITAT:Assessee's Indian-agent not PE when remunerated at ALP in terms of APA

  • In Favour of Assessee
  • Citation Number : TS-1209-ITAT-2019(Mum)-TP
  • Tax Payer : CMA CGM SA
Income tax Appellate Tribunal

ITAT: Rules on comparables for ITES and software-development service provider; Remits working-capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-1208-ITAT-2019(Bang)-TP
  • Tax Payer : EMC Software and Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds AMP-adjustment for Diageo considering existence of agreement with AE; Distinguishes earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-1206-ITAT-2019(Mum)-TP
  • Tax Payer : Diageo India Pvt Ltd
High Court

HC:Admits appeal against ITAT-order rejecting stay on demand arising from TP-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-1205-HC-2019(DEL)-TP
  • Tax Payer : NYMPHEA DEVELOPERS PVT LTD
High Court

HC:Admits Bombardier’s appeal against ITAT-order confirming TP-adjustment on intra-group services

  • In Favour of Both, Partially
  • Citation Number : TS-1204-HC-2019(DEL)-TP
  • Tax Payer : Bombardier Transportation India Pvt Ltd
High Court

HC: Sec.144C, not ‘procedural’ but ‘substantive’ change in assessment, applicable prospectively from AY 2010-11

  • In Favour of Assessee
  • Citation Number : TS-1203-HC-2019(MAD)-TP
  • Tax Payer : Vedanta Limited
Income tax Appellate Tribunal

ITAT: Rejects TPO’s management fees TP-adjustment by resorting to ad-hoc unilateral pricing

  • In Favour of Assessee
  • Citation Number : TS-1202-ITAT-2019(Mum)-TP
  • Tax Payer : Brinks India Pvt Ltd (Formerly known as ‘Brinks Arya (India) Private Ltd.’)
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustments on AE-loan, share application money, hedging loss; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-1201-ITAT-2019(Mum)-TP
  • Tax Payer : Aries Agro Ltd
Income tax Appellate Tribunal

ITAT: Deletes Sec.271G penalty; Considers information submission difficult for diamond merchants

  • In Favour of Assessee
  • Citation Number : TS-1200-ITAT-2019(Mum)-TP
  • Tax Payer : D Navinchandra Gems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for product engineering services provider; Holds forex fluctuation loss non-operating

  • In Favour of Assessee
  • Citation Number : TS-1199-ITAT-2019(COCH)-TP
  • Tax Payer : US Technology International Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts assessee’s Berry Ratio as PLI for benchmarking freight-services, rejects TPO’s OP/TC

  • In Favour of Both, Partially
  • Citation Number : TS-1198-ITAT-2019(Mum)-TP
  • Tax Payer : DHL Logistics Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on valves exports; Justifies loss-making transaction as pure business decision

  • In Favour of Assessee
  • Citation Number : TS-1197-ITAT-2019(Mum)-TP
  • Tax Payer : Audco India Limited
Income tax Appellate Tribunal

ITAT: Upholds Nil-ALP for shared services absent receipt proof; Remits ALP-determination of trademark-charges

  • In Favour of Both, Partially
  • Citation Number : TS-1196-ITAT-2019(PUN)-TP
  • Tax Payer : Knorr Bremse Systems for Commercial Vehicles India Private Limited (“KB India”)
Income tax Appellate Tribunal

ITAT: Rules on comparables; Excludes merchant banker for investment advisor

  • In Favour of Assessee
  • Citation Number : TS-1195-ITAT-2019(Mum)-TP
  • Tax Payer : Helix Investments Advisors India Pvt Ltd