Rulings ( 11976 results )

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High Court

HC:Directs AO to complete assessment, pending finality on whether limitation u/s 92CA(3A) is mandatory/directory

  • In Favour of Assessee
  • Citation Number : TS-1113-HC-2019(MAD)-TP
  • Tax Payer : PFIZER HEALTHCARE INDIA PVT LTD
High Court

HC:Adjourns Lintas India’s writ against AO’s reassessment-notice; Grants ad-interim stay

  • In Favour of Both, Partially
  • Citation Number : TS-1112-HC-2019(BOM)-TP
  • Tax Payer : Lintas India Pvt Ltd
High Court

HC:Quashes TPO-reference absent AO’s redressal of assessee’s preliminary objections against reassessment

  • In Favour of Assessee
  • Citation Number : TS-1111-HC-2019(KAR)-TP
  • Tax Payer : Essilor India Private Limited
Income tax Appellate Tribunal

ITAT:Excludes functionally dissimilar E4e Healthcare for technical support service provider; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-1110-ITAT-2019(PUN)-TP
  • Tax Payer : Schlumberger India Technology Centre Pvt Ltd (earlier known as Schlumberger Global Support Centre Ltd.)
Income tax Appellate Tribunal

ITAT: Denudes Revenue from challenging DRP-order pursuant to TPO accepting assessee’s TP-contentions in remand

  • In Favour of Assessee
  • Citation Number : TS-1109-ITAT-2019(PUN)-TP
  • Tax Payer : Nord Drive Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rules on comparable-selection for stock broking, merchant banking service provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1108-ITAT-2019(Mum)-TP
  • Tax Payer : Daiwa Capital Markets India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs examination of assessee’s evidences for rendition of intra-group services dehors benefit test

  • In Favour of Assessee
  • Citation Number : TS-1107-ITAT-2019(DEL)-TP
  • Tax Payer : Jones Lang LaSalle Property Consultants (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rules on comparables-selection for Software Development Services & ITes segments; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-1106-ITAT-2019(Bang)-TP
  • Tax Payer : Indecomm Global Services (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:TP-provisions inapplicable to income covered under Tonnage Tax Scheme; Follows subsequent-year order

  • In Favour of Assessee
  • Citation Number : TS-1105-ITAT-2019(Mum)-TP
  • Tax Payer : Van Oord India Private Limited
Income tax Appellate Tribunal

ITAT:Adopts internal-CUP for benchmarking exports, deletes TP-adjustment allowing benefit of 5 range

  • In Favour of Assessee
  • Citation Number : TS-1104-ITAT-2019(SUR)-TP
  • Tax Payer : Bilag Industries Pvt Ltd ( Now known as M/s. Bayer Vapi Private Limited)
Income tax Appellate Tribunal

ITAT: Allows adjustment for advertisement-expenses incurred on domestic-sales while benchmarking AE-exports

  • In Favour of Both, Partially
  • Citation Number : TS-1103-ITAT-2019(Mum)-TP
  • Tax Payer : Sara Lee TTK Ltd (Now Amalgamated into Godrej Consumer Products Ltd.)
Income tax Appellate Tribunal

ITAT: Excludes comparables for software-development service provider citing functional -dissimilarity, extraordinary events

  • In Favour of Assessee
  • Citation Number : TS-1102-ITAT-2019(HYD)-TP
  • Tax Payer : Kony IT Services Private Limited
Income tax Appellate Tribunal

ITAT:Dismisses Revenue’s appeal; Upholds deletion of TP-adjustment in respect of export of services

  • In Favour of Assessee
  • Citation Number : TS-1101-ITAT-2019(DEL)-TP
  • Tax Payer : Sage Publication India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Permits appeal withdrawal considering Pr.CIT’s directions to refer SDT to TPO u/s 263

  • In Favour of Assessee
  • Citation Number : TS-1100-ITAT-2019(PUN)-TP
  • Tax Payer : Thermax Onsite Energy Solutions Limited
Income tax Appellate Tribunal

ITAT: Fixes corporate guarantee ALP at 0.5%; Remits TP-adjustment on AE-loan

  • In Favour of Assessee
  • Citation Number : TS-1099-ITAT-2019(PUN)-TP
  • Tax Payer : Autoline Industries Limited
Income tax Appellate Tribunal

ITAT: Rules on marketing and warranty support services, Relies on earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-1098-ITAT-2019(DEL)-TP
  • Tax Payer : Nokia Solutions and Networks India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds DRP’s exclusion of 4 comparables citing functional dissimilarity, failure of TPO’s filters

  • In Favour of Assessee
  • Citation Number : TS-1097-ITAT-2019(DEL)-TP
  • Tax Payer : Toluna India P Ltd (Formerly known as M/s. G. Reenfield Online (P) (Ltd.),
Income tax Appellate Tribunal

ITAT: RBI-approval constitutes benchmark for royalty ALP-determination; Deletes royalty-adjustment following earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-1096-ITAT-2019(Kol)-TP
  • Tax Payer : Sika India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables for marketing support service provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1095-ITAT-2019(DEL)-TP
  • Tax Payer : Honeywell International (India) Private Limited
Income tax Appellate Tribunal

ITAT: Excludes Excel Infoways, TCS Eserve, Infosys BPO for ITes-provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1094-ITAT-2019(DEL)-TP
  • Tax Payer : Convergys India Services