Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on shared-services payments considering AE-support integral to assessee's main business

  • In Favour of Assessee
  • Citation Number : TS-1173-ITAT-2019(Mum)-TP
  • Tax Payer : Ipsos Research Pvt Ltd (in which Synovate India Private Limited has been amalgamated)
Income tax Appellate Tribunal

ITAT:Accepts assessee’s RPM; Directs TPO to include suitable companies for trading segment

  • In Favour of Assessee
  • Citation Number : TS-1172-ITAT-2019(Bang)-TP
  • Tax Payer : Avnet India Pvt.Ltd
Income tax Appellate Tribunal

ITAT: Rejects DRP’s ‘indirect remand’ to AO for disallowing AMP-expenses u/s 37(1)

  • In Favour of Assessee
  • Citation Number : TS-1171-ITAT-2019(DEL)-TP
  • Tax Payer : Moet Hennessy (I) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Recovery of administrative expenses, part of operating revenue; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-1170-ITAT-2019(Bang)-TP
  • Tax Payer : Emerson Automation Solutions Intelligent Platforms Pvt Ltd (Formerly GE Intelligent Platforms Pvt. Ltd., and earlier to that
Income tax Appellate Tribunal

ITAT: Excludes disallowed “sub-contracting expenses” from operating costs for PLI-computation; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-1169-ITAT-2019(Bang)-TP
  • Tax Payer : L3 Communications India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on interest on AE-receivables, comparables, capacity & working-capital adjustments for software-developer

  • In Favour of Both, Partially
  • Citation Number : TS-1168-ITAT-2019(HYD)-TP
  • Tax Payer : Cambridge Technology Enterprises Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-determination finding that assessee’s ‘cost+6 mark-up’ contention wasn’t submitted before CIT(A)

  • In Favour of Both, Partially
  • Citation Number : TS-1167-ITAT-2019(Mum)-TP
  • Tax Payer : Cherokee India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accounting year end difference irrelevant, only FAR comparison pertinent for tested-party selection

  • In Favour of Assessee
  • Citation Number : TS-1166-ITAT-2019(Kol)-TP
  • Tax Payer : TCG Digital Solutions (P) Ltd
Income tax Appellate Tribunal

ITAT: Allows MP; Rectifies Tribunal's inadvertent mistake in referring to wrong comparable in original-order

  • In Favour of Assessee
  • Citation Number : TS-1165-ITAT-2019(Bang)-TP
  • Tax Payer : Telsima Communications Pvt Ltd
Income tax Appellate Tribunal

ITAT: SAP implementation services not ‘stewardship activities’; Upholds CIT(A)’s TP-adjustment deletion

  • In Favour of Assessee
  • Citation Number : TS-1164-ITAT-2019(Kol)-TP
  • Tax Payer : Wacker Metroark Chemicals Private Limited
Income tax Appellate Tribunal

ITAT: Rejects negative working-capital adjustment for assessee having high AE-exports; Rules on comparables

  • In Favour of Assessee
  • Citation Number : TS-1163-ITAT-2019(DEL)-TP
  • Tax Payer : Ocap Chassis Parts Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits ALP-determination of technical fees; Directs TPO to consider assessee’s evidences

  • In Favour of Assessee
  • Citation Number : TS-1162-ITAT-2019(Bang)-TP
  • Tax Payer : Meritor HVS (India) Ltd
Income tax Appellate Tribunal

ITAT:Rejects assessee's cost base enhancement considering FOB-value of goods sourced; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1161-ITAT-2019(DEL)-TP
  • Tax Payer : Mitsubishi Corporation India P Ltd
Income tax Appellate Tribunal

ITAT: Benchmarks interest-free foreign AE-loans at US LIBOR+170 bps; Relies on earlier order

  • In Favour of Assessee
  • Citation Number : TS-1160-ITAT-2019(DEL)-TP
  • Tax Payer : Aithent Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT:Quashes Sec.263-order; Sec.40A(2)(b) amounts mismatch doesn’t warrant TPO-reference absent Instruction.3/2016 conditions fulfillment

  • In Favour of Assessee
  • Citation Number : TS-1159-ITAT-2019(Kol)-TP
  • Tax Payer : Eveready Industries India Ltd
Supreme Court

SC: Dismisses Revenue’s SLP against HC-order confirming comparable selection citing low-tax effect

  • In Favour of Assessee
  • Citation Number : TS-1158-SC-2019-TP
  • Tax Payer : Evalueserve SEZ (Gurgaon) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparable-selection for software-service and marketing support-service provider

  • In Favour of Both, Partially
  • Citation Number : TS-1157-ITAT-2019(Bang)-TP
  • Tax Payer : Verisign Services India Private Limited
Income tax Appellate Tribunal

ITAT:Rules on comparables, remits working-capital adjustment for back-office support provider; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-1156-ITAT-2019(Mum)-TP
  • Tax Payer : BP India Service Private Limited
Income tax Appellate Tribunal

ITAT: Allows assessee’s MP; Recalls Tribunal-order for adjudicating comparability of ‘Sasken Communication Technologies’

  • In Favour of Assessee
  • Citation Number : TS-1155-ITAT-2019(Bang)-TP
  • Tax Payer : HEWLETT PACKARD INDIA SOFTWARE OPERATION PVT LTD
Income tax Appellate Tribunal

ITAT: Includes comparable adopting ‘re-casted financial results’ to match with assessee’s year-end

  • In Favour of Assessee
  • Citation Number : TS-1154-ITAT-2019(DEL)-TP
  • Tax Payer : Axis Risk Consulting Services