Rulings ( 11976 results )

Filters
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on exports; TPO/DRP cannot conveniently choose, reject part of method

  • In Favour of Assessee
  • Citation Number : TS-1010-ITAT-2019(DEL)-TP
  • Tax Payer : Jindal Dyechem Industries Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds TCS’s alternative benchmarking choosing foreign-AEs as tested party for software services

  • In Favour of Both, Partially
  • Citation Number : TS-1009-ITAT-2019(Mum)-TP
  • Tax Payer : Tata Consultancy Service Ltd
High Court

HC: Dismisses Revenue’s appeal; Upholds deletion of interest adjustment on AE-receivables

  • In Favour of Assessee
  • Citation Number : TS-1008-HC-2019(DEL)-TP
  • Tax Payer : AMADEUS INDIA PVT LTD
Income tax Appellate Tribunal

ITAT:Allows working-capital adjustment considering it a ‘norm’; Excludes 2 comparables failing RPT-filter

  • In Favour of Assessee
  • Citation Number : TS-1007-ITAT-2019(DEL)-TP
  • Tax Payer : Stanley Electric Engineering India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Directs segregation of ITES & engineering design services; Remits services characterization issue

  • In Favour of Assessee
  • Citation Number : TS-1006-ITAT-2019(Bang)-TP
  • Tax Payer : Ingersoll Rand (India) Ltd
Income tax Appellate Tribunal

ITAT:Characterizes assessee as 'limited risk distributor'; Adopts TNMM over RPM for imports

  • In Favour of Assessee
  • Citation Number : TS-1005-ITAT-2019(DEL)-TP
  • Tax Payer : Mitsubishi Electric Automotive [I] Pvt Ltd
Income tax Appellate Tribunal

ITAT: Sec. 153 timelines inapplicable to draft-order; Final-order passed within Sec 144C limit not “time-barred”

  • In Favour of Revenue
  • Citation Number : TS-1004-ITAT-2019(DEL)-TP
  • Tax Payer : Religare Capital Markets Limited
Income tax Appellate Tribunal

ITAT: Rejects separate taxation of non-AE transactions; Upholds combined net-profit under PSM approach

  • In Favour of Assessee
  • Citation Number : TS-1003-ITAT-2019(Mum)-TP
  • Tax Payer : Star International Movies Ltd.
Income tax Appellate Tribunal

ITAT: Treats forex gain as operating item; Excludes 3 comparables for captive ITES-provider

  • In Favour of Assessee
  • Citation Number : TS-1002-ITAT-2019(Bang)-TP
  • Tax Payer : Arctern Consulting Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds 90 days credit period reasonable for jeweller-assessee; Directs AE-receivables ALP recomputation

  • In Favour of Both, Partially
  • Citation Number : TS-1001-ITAT-2019(DEL)-TP
  • Tax Payer : Bridal Jewellery Mfg Co
Income tax Appellate Tribunal

ITAT:Remits entire TP-appeal in view of APA resolution allowing Revenue’s appeal

  • In Favour of Revenue
  • Citation Number : TS-1000-ITAT-2019(DEL)-TP
  • Tax Payer : Marubeni India P Ltd
Income tax Appellate Tribunal

ITAT:Rejects TP-additions on optionally convertible loan, share-application money & AE-balances; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-999-ITAT-2019(Mum)-TP
  • Tax Payer : Reliance Life Sciences Pvt Ltd
Foreign Court

FC: US Tax Court holds Eaton not liable for penalty in dispute regarding APA cancellation

  • In Favour of Assessee
  • Citation Number : TS-1257-FC-2019(USA)-TP
  • Tax Payer : Eaton Corporation & Subsidiaries
Income tax Appellate Tribunal

ITAT:Rules on comparables for marketing support service provider; Relies on precedents

  • In Favour of Assessee
  • Citation Number : TS-998-ITAT-2019(DEL)-TP
  • Tax Payer : Outotec India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on outstanding AE-receivables for debt free assessee; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-997-ITAT-2019(DEL)-TP
  • Tax Payer : McKinsey Knowledge Centre India
High Court

HC:Confirms Pr.CIT’s power to invoke Sec 263-proceedings against assessment order passed pursuant to DRP-directions

  • In Favour of Assessee
  • Citation Number : TS-996-HC-2019(KAR)-TP
  • Tax Payer : Devas Multimedia Private Limited
Income tax Appellate Tribunal

ITAT: Applies turnover, RPT filters to exclude comparables for ITes-provider; Follows Autodesk ruling

  • In Favour of Both, Partially
  • Citation Number : TS-995-ITAT-2019(Bang)-TP
  • Tax Payer : 24/7 Customer Private Ltd
Income tax Appellate Tribunal

ITAT:Rejects TPO’s Nil-ALP determination for intra-group services absent application of prescribed methods

  • In Favour of Assessee
  • Citation Number : TS-994-ITAT-2019(Mum)-TP
  • Tax Payer : DSM Nutritional Products Pvt Ltd
High Court

HC:Terms writ as ‘short circuit’ approach for deciding PE-attribution issue; Redirects assessee to DRP

  • In Favour of Revenue
  • Citation Number : TS-993-HC-2019(MAD)-TP
  • Tax Payer : EOS GmbH-India Branch
Income tax Appellate Tribunal

ITAT: Includes companies following different-FY, loss making companies for ITeS Provider; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-992-ITAT-2019(Mum)-TP
  • Tax Payer : Pangea3 Legal Database Systems Private Limited