Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT: Excludes comparables for software developer, grants working capital adjustment; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-1153-ITAT-2019(Mum)-TP
  • Tax Payer : Emerson Electric Company (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Treats forex gain/loss as operating item; Grants risk-adjustment for business support service-provider

  • In Favour of Assessee
  • Citation Number : TS-1152-ITAT-2019(DEL)-TP
  • Tax Payer : Exxon Mobil Gas (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparable-selection; Rejects application of revised filter in set-aside proceedings

  • In Favour of Both, Partially
  • Citation Number : TS-1151-ITAT-2019(DEL)-TP
  • Tax Payer : Omniglobe Information Technologies (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects foreign-AE as tested party, allows depreciation adjustment; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-1150-ITAT-2019(PUN)-TP
  • Tax Payer : Bekaert Industries Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables citing huge turnover, margin fluctuation etc.; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1149-ITAT-2019(Bang)-TP
  • Tax Payer : Micro Focus Software India Pvt Ltd (form erly known as Novell Software Development (India) Pvt.Ltd.)
Income tax Appellate Tribunal

ITAT: Directs re-examination of evidences; Holds TPO cannot proceed on mere presumptions/ surmises

  • In Favour of Both, Partially
  • Citation Number : TS-1148-ITAT-2019(DEL)-TP
  • Tax Payer : Avery Dennison India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs FAR comparison of subject transactions with APA-covered transactions; Remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-1147-ITAT-2019(Bang)-TP
  • Tax Payer : Festo India Pvt Ltd
Income tax Appellate Tribunal

ITAT:‘Pre-press BPO services’ incomparable with assessee’s Infrastructure support IT-services, excludes Universal Print Systems

  • In Favour of Assessee
  • Citation Number : TS-1146-ITAT-2019(PUN)-TP
  • Tax Payer : Compucom CSI Systems India Private Limited
Income tax Appellate Tribunal

ITAT:Quashes AO’s final order citing deliberate non-compliance of mandatory DRP-directions u/s 144C(10)

  • In Favour of Assessee
  • Citation Number : TS-1145-ITAT-2019(DEL)-TP
  • Tax Payer : Global One India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Restores MAM selection absent AE/non-AE segmental data to support assessee's internal-TNMM plea

  • In Favour of Both, Partially
  • Citation Number : TS-1144-ITAT-2019(Mum)-TP
  • Tax Payer : S B & T International Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on AE-receivables & guarantee fees; Excludes 2 comparables in software development segment

  • In Favour of Assessee
  • Citation Number : TS-1143-ITAT-2019(Kol)-TP
  • Tax Payer : Redtech Network India Private Limited
Income tax Appellate Tribunal

ITAT: Remits 40A(2)(b)-disallowance; Directs assesse to demonstrate administrative support services receipt

  • In Favour of Both, Partially
  • Citation Number : TS-1142-ITAT-2019(PUN)-TP
  • Tax Payer : Yazaki India Private Limited (Formerly known as Tata Yazaki AutoComp Limited)
Income tax Appellate Tribunal

ITAT: Production and distribution not ‘closely linked transactions’; Confirms TPO’s segregation under TNMM

  • In Favour of Revenue
  • Citation Number : TS-1141-ITAT-2019(PUN)-TP
  • Tax Payer : MAN Diesel & Turbo India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 7 comparables for software developer following precedent; Remits working capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-1140-ITAT-2019(Bang)-TP
  • Tax Payer : Mann & Hummel Filter Private Limited
Income tax Appellate Tribunal

ITAT: Accepts sub-licensed royalty as internal-CUP for benchmarking royalty payment; Rejects Nil-ALP

  • In Favour of Assessee
  • Citation Number : TS-1139-ITAT-2019(Mum)-TP
  • Tax Payer : Nycomed Pharma Pvt Ltd
Income tax Appellate Tribunal

ITAT: Considers comparables not included by assessee initially; Remits for fresh ALP-determination

  • In Favour of Both, Partially
  • Citation Number : TS-1138-ITAT-2019(PUN)-TP
  • Tax Payer : Seco Tools India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 7 comparables citing functional dissimilarity, retains exclusion of 4 companies having high-turnover

  • In Favour of Assessee
  • Citation Number : TS-1137-ITAT-2019(Mum)-TP
  • Tax Payer : 3DPLM Software Solutions Ltd (Successor to Delmia Solutions Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Direct costs alone relevant for ALP-computation under RPM; Rejects TPO's indirect costs consideration

  • In Favour of Assessee
  • Citation Number : TS-1136-ITAT-2019(PUN)-TP
  • Tax Payer : Rosemount Tank Gauging India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on HSBC-India’s reciprocal services; Disapproves separate benchmarking of incidental services

  • In Favour of Both, Partially
  • Citation Number : TS-1135-ITAT-2019(Mum)-TP
  • Tax Payer : The Hongkong and Shanghai Banking Corporation Ltd
Income tax Appellate Tribunal

ITAT: Entertaining additional-evidence, calling for remand report within DRP’s purview; Follows Vodafone ruling

  • In Favour of Assessee
  • Citation Number : TS-1134-ITAT-2019(DEL)-TP
  • Tax Payer : Zamil Air Conditioners India Pvt Ltd