Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT: Directs DRP to pass speaking order on TP-issues after addressing assessee’s objections

  • In Favour of Assessee
  • Citation Number : TS-1194-ITAT-2019(COCH)-TP
  • Tax Payer : Delphi Connection Systems India Pvt Ltd (Formerly FCI Technologies Services Ltd)
Income tax Appellate Tribunal

ITAT: Remits TP-addition made on account of intra-group services; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-1193-ITAT-2019(DEL)-TP
  • Tax Payer : Caparo Enginering (I) P Ltd
Income tax Appellate Tribunal

ITAT: Deletes AMP-adjustment absent benefit to AE; Holds mere logo use not an international transaction

  • In Favour of Assessee
  • Citation Number : TS-1191-ITAT-2019(DEL)-TP
  • Tax Payer : Xerox Limited (previously known as Xerox Modicorp Limited)
Income tax Appellate Tribunal

ITAT: TPO's non-adherence of DRP-directions can't justify AO's-order passed without incorporating such directions

  • In Favour of Assessee
  • Citation Number : TS-1190-ITAT-2019(CHANDI)-TP
  • Tax Payer : Basware Corporation India
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on intra-group services; Need and rendition of services not within TPO’s jurisdiction

  • In Favour of Assessee
  • Citation Number : TS-1189-ITAT-2019(Ahd)-TP
  • Tax Payer : Gulbrandsen Chemicals P Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on reimbursement of expenditure to AE; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-1188-ITAT-2019(Mum)-TP
  • Tax Payer : U T Worldwide India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s TP-adjustment deletion w.r.t purchase and sale of traded goods

  • In Favour of Assessee
  • Citation Number : TS-1187-ITAT-2019(Mum)-TP
  • Tax Payer : Duty Free Distribution Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 13 comparables for benchmarking software services; Remits intra-group services TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-1186-ITAT-2019(Bang)-TP
  • Tax Payer : Safran Engineering Services India (P) Ltd (Formerly Safran Aerospace India Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar Excel Infoways for ITES-provider; Remits TP-adjustment on AE-receivables

  • In Favour of Assessee
  • Citation Number : TS-1185-ITAT-2019(Mum)-TP
  • Tax Payer : Tech Mahindra Business Services Limited (Formerly known as Hutchison Global Services Limited)
Income tax Appellate Tribunal

ITAT: Includes Thinksoft for software-developer considering verification & validation part of software development

  • In Favour of Both, Partially
  • Citation Number : TS-1184-ITAT-2019(DEL)-TP
  • Tax Payer : Netlink Software Pvt. Ltd
High Court

HC:Dismisses Revenue’s appeal, citing low-tax effect, against ITAT-order on working capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-1183-HC-2019(MAD)-TP
  • Tax Payer : Foxteq Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits capacity adjustment issue for assessee manufacturer in second year of operation

  • In Favour of Assessee
  • Citation Number : TS-1182-ITAT-2019(DEL)-TP
  • Tax Payer : TPR Autoparts Mfg India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 6 comparables for ITes-provider citing huge intangibles, segmental-unavailability etc; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1181-ITAT-2019(DEL)-TP
  • Tax Payer : Evalueserve.com Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rectifies comparables selection to include 2 functionally similar companies in Microsoft India case

  • In Favour of Assessee
  • Citation Number : TS-1180-ITAT-2019(DEL)-TP
  • Tax Payer : Microsoft India (R&D) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustments absent prescribed method application u/s.92C; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1179-ITAT-2019(Mum)-TP
  • Tax Payer : MC Retail Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparable-selection for captive R&D service provider; Disapproves cherry-picking of filters

  • In Favour of Both, Partially
  • Citation Number : TS-1178-ITAT-2019(Bang)-TP
  • Tax Payer : LM Wind Power Blades (India) Pvt Ltd., erstwhile LM Wind Power Technologies (India) PvtLtd
Income tax Appellate Tribunal

ITAT:Remits TP-adjustment on interest free advances; AO to consider RBI-Circular, Cotton Naturals HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-1177-ITAT-2019(DEL)-TP
  • Tax Payer : Jindal Dyechem Industries Pvt Ltd
Income tax Appellate Tribunal

ITAT:No further profit-attribution to PE when ALP satisfied, follows Morgan-Stanley SC ruling

  • In Favour of Assessee
  • Citation Number : TS-1176-ITAT-2019(DEL)-TP
  • Tax Payer : Lummus Technology Heat Transfer BV
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on freight forwarding services absent TPO’s compliance Sec. 92C(3) in rejecting assessee’s internal-TNMM

  • In Favour of Assessee
  • Citation Number : TS-1175-ITAT-2019(Kol)-TP
  • Tax Payer : TKM Global Logistics Limited
Income tax Appellate Tribunal

ITAT: Excludes 5 comparables for software developer; Holds provisions written-back as operating item

  • In Favour of Assessee
  • Citation Number : TS-1174-ITAT-2019(Bang)-TP
  • Tax Payer : AMD India Private Limited