Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT: Excludes 12, remits 4 and retains 3 comparables for software-development service provider

  • In Favour of Both, Partially
  • Citation Number : TS-1093-ITAT-2019(DEL)-TP
  • Tax Payer : Motherson Sumi Infotech & Design Ltd
Income tax Appellate Tribunal

ITAT:Upholds validity of TP-order passed by Addl.CIT; TPO definition encompasses JCIT & Addl.CIT

  • In Favour of Both, Partially
  • Citation Number : TS-1092-ITAT-2019(PUN)-TP
  • Tax Payer : Eaton Industrial Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows employee-cost adjustments while computing Cognizant’s operating-margin in application lifestyle management segment

  • In Favour of Both, Partially
  • Citation Number : TS-1091-ITAT-2019(PUN)-TP
  • Tax Payer : Cognizant Technology Solutions India Pvt Ltd(as a successor of Cognizant India Pvt Ltd) formerly T-Systems India Pvt Ltd
High Court

HC:Adjourns appeal against ITAT-order preferring arithmetic mean of transaction over weighted-averages u/s 92C

  • In Favour of Assessee
  • Citation Number : TS-1090-HC-2019(BOM)-TP
  • Tax Payer : RBS Equities (India) Ltd
Income tax Appellate Tribunal

ITAT:Deletes penalty u/s271G; 60-days period to be reckoned from Sec.93D(3) notice, not Sec.92CA(3) notice

  • In Favour of Assessee
  • Citation Number : TS-1089-ITAT-2019(Mum)-TP
  • Tax Payer : Edelweiss Financial Services Ltd
Income tax Appellate Tribunal

ITAT:Upholds treatment of FOREX fluctuation as operating in nature following INA Bearings ruling

  • In Favour of Assessee
  • Citation Number : TS-1088-ITAT-2019(PUN)-TP
  • Tax Payer : Oshung Electronics India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds consistently applied TNMM over CUP as MAM for AE-exports benchmarking; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-1087-ITAT-2019(Mum)-TP
  • Tax Payer : Lubrizol India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Special Bench lays down law on Sec 92 applicability to entity claiming Sec 10A tax holiday

  • In Favour of Revenue
  • Citation Number : TS-1086-ITAT-2019(Ahd)-TP
  • Tax Payer : Doshi Accounting Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Applies US/UK MAP-agreed margins to other countries AE-transactions citing similar business profile, transactions

  • In Favour of Both, Partially
  • Citation Number : TS-1085-ITAT-2019(DEL)-TP
  • Tax Payer : IBM Daksh Business Process Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Prefers internal-CUP over TNMM for benchmarking back–to–back transactions of vessels hiring

  • In Favour of Revenue
  • Citation Number : TS-1084-ITAT-2019(Mum)-TP
  • Tax Payer : Arkay Logistics Ltd
Income tax Appellate Tribunal

ITAT:AO’s SDT non-reference to TPO not prejudicial, quashes CIT(A)’s Sec.263-order; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-1083-ITAT-2019(Ind)-TP
  • Tax Payer : Delight Cotton Pvt Ltd (Presently known as Delight Lifelike Products Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT:Deletes Sec 271AA, 271BA-penalties; Belated audit-report filing mere ‘technical’ breach, not contumacious conduct

  • In Favour of Assessee
  • Citation Number : TS-1081-ITAT-2019(DEL)-TP
  • Tax Payer : Juvalia Sales P Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables-selection, remits risk adjustment for engineering consultancy service provider

  • In Favour of Both, Partially
  • Citation Number : TS-1080-ITAT-2019(DEL)-TP
  • Tax Payer : Haldor Topsoe India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustments issue; Directs verification of segment-wise computation provided by assessee

  • In Favour of Revenue
  • Citation Number : TS-1079-ITAT-2019(PUN)-TP
  • Tax Payer : Tibco Software India Private Limited
Income tax Appellate Tribunal

ITAT:Rejects Nil-ALP for administrative, technical training services; Follows EKL Appliances HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-1078-ITAT-2019(DEL)-TP
  • Tax Payer : Cargill Global Trading India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Extended time-limit under Sec 153 third proviso inapplicable absent TPO reference; Quashes assessment

  • In Favour of Assessee
  • Citation Number : TS-1077-ITAT-2019(DEL)-TP
  • Tax Payer : GE Money Financial Services Pvt Ltd (Earlier known as GE Countrywide Consumer Financial Services Ltd.)
High Court

HC:Dimisses Revenue's appeal; No further attribution to PE, once ALP satisfied

  • In Favour of Assessee
  • Citation Number : TS-1076-HC-2019(DEL)-TP
  • Tax Payer : HONDA MOTORS CO LTD
Income tax Appellate Tribunal

ITAT: Accepts assessee’s appeal withdrawal considering resolution of TP-issues under unilateral-APA

  • In Favour of Assessee
  • Citation Number : TS-1075-ITAT-2019(PUN)-TP
  • Tax Payer : Bobst India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes comparables for marketing and technical support services provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1074-ITAT-2019(DEL)-TP
  • Tax Payer : Polycom [United Kingdom] Ltd
Income tax Appellate Tribunal

ITAT: TP-provisions inapplicable absent Sec.4 chargeability; Deletes TP-addition on CCD-interest absent ‘actual receipt’

  • In Favour of Assessee
  • Citation Number : TS-1073-ITAT-2019(Mum)-TP
  • Tax Payer : Gurgaon Investment Ltd. (Formerly known as Indopark Investments Limited)