Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT: Excludes 2 comparables citing high turnover, brand value and functional dissimilarity

  • In Favour of Assessee
  • Citation Number : TS-1031-ITAT-2019(Mum)-TP
  • Tax Payer : M Modal Global Services Private Ltd (Formerly known as CBay System (India) Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Prefers TNMM over internal-CUP for benchmarking animation services; Departs from earlier-year approach

  • In Favour of Both, Partially
  • Citation Number : TS-1029-ITAT-2019(Mum)-TP
  • Tax Payer : Rhythm and Hues Studios India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables-selection for software development & marketing support services provider; Remits AMP-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-1028-ITAT-2019(DEL)-TP
  • Tax Payer : Motorola Solutions India Pvt Ltd (Formerly known as Motorola India Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT:Allows deduction of 'washout charges' for cancellation of extended AE-contract; Rejects Nil-ALP

  • In Favour of Assessee
  • Citation Number : TS-1027-ITAT-2019(DEL)-TP
  • Tax Payer : Louis Dreyfus Commodities India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rules on comparable selection for marketing support service provider; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-1026-ITAT-2019(DEL)-TP
  • Tax Payer : Rolls Royce India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 6 comparables applying Rs.1-200cr turnover filter; Follows Genesis ruling

  • In Favour of Assessee
  • Citation Number : TS-1025-ITAT-2019(Bang)-TP
  • Tax Payer : Yokogawa IA Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes royalty-adjustment following earlier orders; Upholds TNMM over CUP for import-transaction, remits issue

  • In Favour of Assessee
  • Citation Number : TS-1024-ITAT-2019(Mum)-TP
  • Tax Payer : SI Group India Limited
Income tax Appellate Tribunal

ITAT: Denies negative working capital adjustment for captive service provider; Follows earlier order

  • In Favour of Revenue
  • Citation Number : TS-1023-ITAT-2019(Bang)-TP
  • Tax Payer : iPass India Private Limited
Income tax Appellate Tribunal

ITAT: Confirms deletion of TP-adjustment availing benefit of +/-5% range, Dismisses Revenue’s appeal

  • In Favour of Assessee
  • Citation Number : TS-1022-ITAT-2019(DEL)-TP
  • Tax Payer : Sanden Vikas India Ltd
Income tax Appellate Tribunal

ITAT:Excludes functionally-dissimilar, high-RPT bearing, Non-profit companies for marketing support service provider

  • In Favour of Assessee
  • Citation Number : TS-1021-ITAT-2019(DEL)-TP
  • Tax Payer : Mentor Graphics (Sale & Service) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Limits TP-adjustment to AE-transactions; Directs deletion if ALP-difference within 5% ‘safe-harbour’

  • In Favour of Assessee
  • Citation Number : TS-1020-ITAT-2019(Mum)-TP
  • Tax Payer : Huntsman International (India) Private Limited
Income tax Appellate Tribunal

ITAT:Rejects RPM & directs application of TNMM for benchmarking imports; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-1019-ITAT-2019(DEL)-TP
  • Tax Payer : Keihin India Manufacturing Pvt Ltd (formerly Keihin Panalfa Ltd.)
Income tax Appellate Tribunal

ITAT:Admits assessee’s additional evidence; Remits royalty ALP-determination following earlier orders

  • In Favour of Assessee
  • Citation Number : TS-1018-ITAT-2019(DEL)-TP
  • Tax Payer : CRM Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables for ITES-provider citing different business models, unreliable financials

  • In Favour of Assessee
  • Citation Number : TS-1017-ITAT-2019(DEL)-TP
  • Tax Payer : Copal Research India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Disallowance of salary attributable to SEZ-units not in AO’s power, TPO-reference must

  • In Favour of Assessee
  • Citation Number : TS-1016-ITAT-2019(Ind)-TP
  • Tax Payer : Yash Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Interest on AE-receivables, separate international transaction, despite assessee being ‘debt-free’; Follows Bechtel ruling

  • In Favour of Revenue
  • Citation Number : TS-1015-ITAT-2019(CHNY)-TP
  • Tax Payer : Verizon Data Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds combined net-profit under PSM approach rejecting separate non-AE transactions taxation; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-1014-ITAT-2019(Mum)-TP
  • Tax Payer : Star Asian Movies Ltd (Since amalgamated with STAR India Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s appeal; Accepts internal-CUP for benchmarking VISA-facilitation services citing similarity in services

  • In Favour of Assessee
  • Citation Number : TS-1013-ITAT-2019(Mum)-TP
  • Tax Payer : VFS Global Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Vacates interest-adjustment on transaction between domestic AEs; SDT-provisions inapplicable prior to 2012

  • In Favour of Assessee
  • Citation Number : TS-1012-ITAT-2019(Mum)-TP
  • Tax Payer : Reach Data Services India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables for IT-enabled captive service provider citing functional-dissimilarity, brand-benefits

  • In Favour of Assessee
  • Citation Number : TS-1011-ITAT-2019(Mum)-TP
  • Tax Payer : Agilyst Consulting Pvt Ltd (Merged with eClerx Services Ltd.)