Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT: Restricts corporate guarantee ALP to 0.53%, follows earlier-order & Glenmark ruling

  • In Favour of Both, Partially
  • Citation Number : TS-1072-ITAT-2019(JPR)-TP
  • Tax Payer : Vaibhav Global Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables for software developer; Upholds CIT(A)’s grant of working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-1071-ITAT-2019(Mum)-TP
  • Tax Payer : Emerson Electric Company (India) Private Limited
High Court

HC: Draft order 'manual service' date relevant for Sec 144C(2) time-limit where e-proceedings not-opted

  • In Favour of Assessee
  • Citation Number : TS-1069-HC-2019(KER)-TP
  • Tax Payer : FCI OEN Connectors Limited
Income tax Appellate Tribunal

ITAT: Excludes 3, remits 2 companies for logistics services provider; Remits intra-group services TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-1068-ITAT-2019(DEL)-TP
  • Tax Payer : JAS Forwarding Worldwide Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s appeal; Upholds exclusion of 10 comparables for investment-advisory services provider

  • In Favour of Assessee
  • Citation Number : TS-1067-ITAT-2019(DEL)-TP
  • Tax Payer : TCK Advisors P Ltd
Income tax Appellate Tribunal

ITAT: Includes comparable finding subsidiary establishment did not impact profitability as standalone results considered

  • In Favour of Assessee
  • Citation Number : TS-1066-ITAT-2019(Mum)-TP
  • Tax Payer : Aramex India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables; Excludes TCS E-serve, E-clerx citing brand name and high-turnover

  • In Favour of Assessee
  • Citation Number : TS-1065-ITAT-2019(Mum)-TP
  • Tax Payer : SHL India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Admits assessee’s additional evidence in form of AE-company director’s affidavit, remits ALP-determination

  • In Favour of Both, Partially
  • Citation Number : TS-1064-ITAT-2019(DEL)-TP
  • Tax Payer : Kamla Dial & Devices Ltd
Income tax Appellate Tribunal

ITAT:Dismisses Revenue’s appeal against CIT(A)’s rectification order on non-adjudication of ground

  • In Favour of Revenue
  • Citation Number : TS-1063-ITAT-2019(DEL)-TP
  • Tax Payer : Tower Watson India Pvt Ltd (Formerly known as Watson Wyatt India Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT:Remits idle-capacity adjustment; Directs obtainment of idle-capacity of comparables and industry

  • In Favour of Both, Partially
  • Citation Number : TS-1062-ITAT-2019(Bang)-TP
  • Tax Payer : ISG Novasoft Technologies Ltd
High Court

HC: Admits Piramal Glass’s appeal challenging TP-adjustments on AE-loans & corporate guarantee

  • In Favour of Both, Partially
  • Citation Number : TS-1061-HC-2019(BOM)-TP
  • Tax Payer : Piramal Glass Limited
Foreign Court

FC: US Appeals Court denies rehearing in Altera's case on stock-based compensation cost sharing

  • In Favour of Revenue
  • Citation Number : TS-1258-FC-2019(USA)-TP
  • Tax Payer : Altera Corporation & Subsidiaries
Income tax Appellate Tribunal

ITAT: Rejects exclusion of comparable on Merger/Acquisition grounds, absent impact on margins demonstration

  • In Favour of Both, Partially
  • Citation Number : TS-1060-ITAT-2019(DEL)-TP
  • Tax Payer : Giesecke & Devrient India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on technical know-how; Follows ITAT ruling in sister concern’s case

  • In Favour of Assessee
  • Citation Number : TS-1059-ITAT-2019(Mum)-TP
  • Tax Payer : Merck Specialties Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits TP-adjustment issue absent TPO-reference contrary to Instruction 3/2003

  • In Favour of Assessee
  • Citation Number : TS-1058-ITAT-2019(Mum)-TP
  • Tax Payer : SkillNet Solutions India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 8, includes 3 comparables for software developer; Remits working capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-1057-ITAT-2019(Kol)-TP
  • Tax Payer : Atlas Healthcare Software India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes KALS, Persistent, Wipro, Infosys for software-developer citing functional dissimilarity, high turnover, brand

  • In Favour of Assessee
  • Citation Number : TS-1056-ITAT-2019(Mum)-TP
  • Tax Payer : Sybase Software (India) Private Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on intra-group services, remits royalty adjustment; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-1055-ITAT-2019(DEL)-TP
  • Tax Payer : AT & T Global Network Services (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Corporate guarantee not international transaction u/s 92B, deletes TP-adjustment; Follows earlier-orders

  • In Favour of Assessee
  • Citation Number : TS-1054-ITAT-2019(Kol)-TP
  • Tax Payer : Tega Industries Ltd
Income tax Appellate Tribunal

ITAT: Upholds TP-adjustment deletion on corporate guarantee, interest on AE-loan; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1052-ITAT-2019(Kol)-TP
  • Tax Payer : Gujarat NRE Coke Ltd