Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT: Rules on comparables for software-developer; Remits treatment of employee’s stock compensation, service-tax provision

  • In Favour of Both, Partially
  • Citation Number : TS-1051-ITAT-2019(Bang)-TP
  • Tax Payer : Emulex Communications Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for ITES-provider; Rejects Jindal Intellicom, absent reasonably accurate adjustments

  • In Favour of Both, Partially
  • Citation Number : TS-1050-ITAT-2019(Bang)-TP
  • Tax Payer : Syniverse Technologies Services (India) Pvt Ltd (Formerly known as Syniverse Teledata Systems Pvt.Ltd.)
Income tax Appellate Tribunal

ITAT: Rules on comparables for channel-owner; Upholds combined net-profit under PSM approach following precedent

  • In Favour of Assessee
  • Citation Number : TS-1049-ITAT-2019(Mum)-TP
  • Tax Payer : Star International Movies Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-determination of consultancy fees; Directs submission of additional evidence

  • In Favour of Both, Partially
  • Citation Number : TS-1048-ITAT-2019(Mum)-TP
  • Tax Payer : Pioneer Property Zone Services Ltd
Income tax Appellate Tribunal

ITAT:Confirms TP-adjustment on sales commission, remits royalty adjustment; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-1047-ITAT-2019(DEL)-TP
  • Tax Payer : Johnson Mathey India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts TNMM for distributor-assessee absent gross-margin data in uncontrolled transactions under RPM

  • In Favour of Both, Partially
  • Citation Number : TS-1046-ITAT-2019(Mum)-TP
  • Tax Payer : India Medtronic Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rules on comparables; Remits 3 companies for verification of persistent loss allegation

  • In Favour of Both, Partially
  • Citation Number : TS-1045-ITAT-2019(Kol)-TP
  • Tax Payer : Dongfang Electric (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on corporate guarantee, remits AE-loan interest issue; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-1044-ITAT-2019(Kol)-TP
  • Tax Payer : Tega Industries Ltd
Income tax Appellate Tribunal

ITAT:Non-charging of guarantee-commission pursuant to sanctioning bank conditions; Deletes TP-addition

  • In Favour of Assessee
  • Citation Number : TS-1043-ITAT-2019(PUN)-TP
  • Tax Payer : B G Shirke Construction Technology Pvt Ltd (Being the amalgamated Company in which the erstwhile Five Stars Bulkcarries Pvt.
Income tax Appellate Tribunal

ITAT:Allows assessee’s MP; Rectifies Tribunal-order to categorically exclude Kals, Persistent Systems

  • In Favour of Assessee
  • Citation Number : TS-1042-ITAT-2019(Bang)-TP
  • Tax Payer : Maxim India Integrated Circuit Design Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds TNMM for benchmarking sale transaction; Holds corporate guarantee, not international transaction

  • In Favour of Assessee
  • Citation Number : TS-1041-ITAT-2019(Kol)-TP
  • Tax Payer : Emami Limited
Income tax Appellate Tribunal

ITAT: Upholds TP-adjustment deletion in respect of ITC’s management charges; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-1040-ITAT-2019(Kol)-TP
  • Tax Payer : ITC Infotech India Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables selection for ITeS provider; Remits working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-1039-ITAT-2019(CHNY)-TP
  • Tax Payer : CMA CGM Shared Service Centre (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Quashes Sec 263-order disallowing interest, exchange difference recasting AE-loan absent hearing opportunity

  • In Favour of Assessee
  • Citation Number : TS-1038-ITAT-2019(Mum)-TP
  • Tax Payer : The Tata Power Co Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustments on AMP-expense, research & training; Follows earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-1037-ITAT-2019(Kol)-TP
  • Tax Payer : Akzo Nobel India Limited
Income tax Appellate Tribunal

ITAT: Excludes 12 comparables for software-developer; Remits royalty benchmarking issue following earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-1036-ITAT-2019(Bang)-TP
  • Tax Payer : Schneider Electric IT Business India Pvt Ltd (formerly known as American Power Conversion (I) Pvt.Ltd.,)
Income tax Appellate Tribunal

ITAT: Treats export incentives as operating income, follows Welspun ruling; Remits comparable selection issue

  • In Favour of Both, Partially
  • Citation Number : TS-1035-ITAT-2019(Bang)-TP
  • Tax Payer : Reitzel India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on reversal of book-entries of AE-recoverables originally found at ALP

  • In Favour of Assessee
  • Citation Number : TS-1034-ITAT-2019(Mum)-TP
  • Tax Payer : JSW Energy Ltd
Income tax Appellate Tribunal

ITAT:Quashes assessment made on non-existent amalgamating entity; Follows Maruti Suzuki SC ruling

  • In Favour of Assessee
  • Citation Number : TS-1033-ITAT-2019(Mum)-TP
  • Tax Payer : Siemens Power Engineering Pvt Ltd (now merged with M/s. Siemens Limited)
High Court

HC: Confirms TP-adjustments deletion of corporate-guarantee and interest on loan; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-1032-HC-2019(BOM)-TP
  • Tax Payer : Everest Kanto Cylinder Ltd