Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT: Excludes Kals Information Systems, L&T Infotech and Bodhtree Consulting for software-developer

  • In Favour of Assessee
  • Citation Number : TS-971-ITAT-2019(Bang)-TP
  • Tax Payer : Inteva Products India Automotive Private Limited (formerly Meritor LVS India Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Upholds exclusion of software giant, Infosys Technologies; Follows Agnity-HC ruling

  • In Favour of Assessee
  • Citation Number : TS-970-ITAT-2019(DEL)-TP
  • Tax Payer : Synopsys [India] Pvt Ltd [Since Virage Logic International India Branch Office]
Income tax Appellate Tribunal

ITAT: Excludes Infosys BPO, BNR Udyog, TCS E Service for ITes-provider; Follows Zyme Solutions ruling

  • In Favour of Assessee
  • Citation Number : TS-969-ITAT-2019(Bang)-TP
  • Tax Payer : Indeca Sporting Goods Pvt Ltd
Income tax Appellate Tribunal

ITAT:Admits additional ground relating to calculation errors in comparables margin computation; Remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-968-ITAT-2019(DEL)-TP
  • Tax Payer : Hitachi High-Technologies (Singapore) P Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustments on Royalty following earlier orders; Remits intra-group services issue

  • In Favour of Assessee
  • Citation Number : TS-967-ITAT-2019(Mum)-TP
  • Tax Payer : Mondelez India Foods Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 9 companies for software developer; Treats forex gain/loss as non-operating item

  • In Favour of Both, Partially
  • Citation Number : TS-966-ITAT-2019(DEL)-TP
  • Tax Payer : Avaya India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adopts LIBOR-based ALP for benchmarking AE-loan interest; Deletes TP-adjustment following earlier order

  • In Favour of Assessee
  • Citation Number : TS-965-ITAT-2019(Mum)-TP
  • Tax Payer : Firstsource Solutions Limited
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on SDT; Accepts interest payment linked to lender-AE’s borrowing rate

  • In Favour of Assessee
  • Citation Number : TS-964-ITAT-2019(Kol)-TP
  • Tax Payer : A A Infraproperties Pvt Ltd
Income tax Appellate Tribunal

ITAT:Turnover cannot be sole criteria for comparable exclusion if other filters satisfied

  • In Favour of Both, Partially
  • Citation Number : TS-962-ITAT-2019(COCH)-TP
  • Tax Payer : Speridian Technologies Private Limited
Income tax Appellate Tribunal

ITAT: Excludes Motilal Oswal & Aditya Birla Capital Advisors, remits comparability of Ajcon Global for non-binding investment advisor

  • In Favour of Both, Partially
  • Citation Number : TS-961-ITAT-2019(Mum)-TP
  • Tax Payer : Kotak Mahindra Asset Management Company Ltd
Income tax Appellate Tribunal

ITAT:Quashes assessment as time-barred u/s 153(2A) though order passed within time-limit from DRP-directions

  • In Favour of Assessee
  • Citation Number : TS-960-ITAT-2019(Mum)-TP
  • Tax Payer : Hapag Lloyd India P Ltd
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar Avani Cimcon & Flextronics for software developer; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-959-ITAT-2019(Bang)-TP
  • Tax Payer : Synopsis (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: ITes & KPO separate segments, cites distinction under Rule 10TA(e); Rules on comparables

  • In Favour of Both, Partially
  • Citation Number : TS-958-ITAT-2019(DEL)-TP
  • Tax Payer : Nokia Solutions and Networks India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Determines guarantee fee ALP at 0.5%, LIBOR+2% for AE-loan; Follows earlier-orders

  • In Favour of Assessee
  • Citation Number : TS-952-ITAT-2019(Mum)-TP
  • Tax Payer : Everest Kanto Cylinder Ltd
Income tax Appellate Tribunal

ITAT: Show-cause notice not equal to draft-order; Quashes assessment sans draft order issuance

  • In Favour of Assessee
  • Citation Number : TS-951-ITAT-2019(JPR)-TP
  • Tax Payer : Century Infra Power P Ltd
Income tax Appellate Tribunal

ITAT: Restricts corporate guarantee ALP at 0.5%, remits ALP-determination of AE-loan following precedents

  • In Favour of Assessee
  • Citation Number : TS-950-ITAT-2019(Mum)-TP
  • Tax Payer : Godrej Consumer Products Ltd
Income tax Appellate Tribunal

ITAT:Includes 2 comparables rejecting TPO/CIT(A)’s persistent loss-making observation

  • In Favour of Both, Partially
  • Citation Number : TS-948-ITAT-2019(Mum)-TP
  • Tax Payer : Sensient India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Tetra Pak India Private Limited

  • In Favour of Assessee
  • Citation Number : TS-1123-ITAT-2016(PUN)-TP
  • Tax Payer : Tetra Pak India Private Limited
Income tax Appellate Tribunal

ITAT: Holds corporate guarantee as an international transaction, fixes ALP at 1%; Follows Fresenius Kabi

  • In Favour of Both, Partially
  • Citation Number : TS-943-ITAT-2019(DEL)-TP
  • Tax Payer : Unitech Ltd
High Court

HC:Declines interfering with ITAT's setting aside of AO's-order passed sans DRP-reference

  • In Favour of Assessee
  • Citation Number : TS-942-HC-2019(MAD)-TP
  • Tax Payer : Doowon Automotive Systems Pvt Ltd