Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT: Rejects treatment of share-application money as loan; Fixes guarantee-commission ALP 0.5%

  • In Favour of Assessee
  • Citation Number : TS-941-ITAT-2019(Mum)-TP
  • Tax Payer : Allcargo Logistics Ltd
Income tax Appellate Tribunal

ITAT: Upholds turnover-filter application; Machinery replacement cost being extraordinary, not operating item

  • In Favour of Assessee
  • Citation Number : TS-940-ITAT-2019(PUN)-TP
  • Tax Payer : Tetra Pak India Private Ltd
Income tax Appellate Tribunal

ITAT: Allows miscellaneous petition; Excludes L & T Infotech not adjudicated in earlier order

  • In Favour of Assessee
  • Citation Number : TS-939-ITAT-2019(Bang)-TP
  • Tax Payer : LG Soft India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Includes ICRA, IDC & Informed Technologies for investment-advisor citing functional-similarity; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-938-ITAT-2019(Mum)-TP
  • Tax Payer : Eight Roads Investments Pvt Ltd [Formerly known as FIL Capital Advisors (India)
Income tax Appellate Tribunal

ITAT: Remits comparability of 4 companies for software developer; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-937-ITAT-2019(Bang)-TP
  • Tax Payer : Citrix R & D India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes Sec 271(1)(c)-penalty; HC’s admission of assessee’s appeal renders TP-issue debatable

  • In Favour of Assessee
  • Citation Number : TS-936-ITAT-2019(DEL)-TP
  • Tax Payer : Johnson Matthey India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Includes functionally-similar ICRA Management, Kinetic Trust for non-binding investment advisor; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-935-ITAT-2019(Mum)-TP
  • Tax Payer : 3i India Private Limited
Income tax Appellate Tribunal

ITAT: Allows assessee’s appeal; Restores TPO’s cryptic order on comparables selection

  • In Favour of Assessee
  • Citation Number : TS-934-ITAT-2019(Bang)-TP
  • Tax Payer : Terralogic Software Solutions Pvt Ltd (Erstwhile known as Paxtera Solutions Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Remits selection of foreign-AE as tested-party issue; Directs AO/TO to verify TP-study

  • In Favour of Assessee
  • Citation Number : TS-933-ITAT-2019(Mum)-TP
  • Tax Payer : Prothious Engineering Services Private Limited
Income tax Appellate Tribunal

ITAT: Distinguishes ITeS-segment from Engineering Segment; Remits ALP-determination for software development services

  • In Favour of Both, Partially
  • Citation Number : TS-932-ITAT-2019(Bang)-TP
  • Tax Payer : Wipro GE Healthcare P Ltd (for the merged entity of GE Medical Systems India P Ltd)
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment on IT-services fees to consider assessee’s evidences

  • In Favour of Assessee
  • Citation Number : TS-931-ITAT-2019(Mum)-TP
  • Tax Payer : TUV SUD South Asia Private Limited
Income tax Appellate Tribunal

ITAT: Deletes Sec.271G penalty; Considers difficulty in maintaining segmental information in diamond-trade industry

  • In Favour of Assessee
  • Citation Number : TS-930-ITAT-2019(Mum)-TP
  • Tax Payer : K. Girdharilal International Ltd
Income tax Appellate Tribunal

ITAT: Nil-ALP determination of corporate costs beyond TPO’s jurisdiction; Remits cost-allocation among segments

  • In Favour of Both, Partially
  • Citation Number : TS-929-ITAT-2019(Mum)-TP
  • Tax Payer : Howden Insurance Brokers India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes Sec 271BA-penalty considering assessee’s bonafide mistake in not filing Form 3CEB reporting SDT

  • In Favour of Assessee
  • Citation Number : TS-928-ITAT-2019(Ahd)-TP
  • Tax Payer : Shree Laxmi Bidi Trading Company
Income tax Appellate Tribunal

ITAT: Directs aggregated benchmarking under TNMM for royalty payments; Rejects CUP absent comparable cases

  • In Favour of Assessee
  • Citation Number : TS-927-ITAT-2019(VIZ)-TP
  • Tax Payer : SNF (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adopts CUP-method, accepts comparable data from Customs Department’s Database for benchmarking imports/exports

  • In Favour of Assessee
  • Citation Number : TS-926-ITAT-2019(Mum)-TP
  • Tax Payer : Rohm and Haas India Pvt Ltd
Income tax Appellate Tribunal

ITAT: AMP-spend by risk/reward bearing manufacturer not for AE brand-building; Deletes Samsung’s TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-925-ITAT-2019(DEL)-TP
  • Tax Payer : Samsung India Electronics Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparable-selection for software development & ITeS segments of captive service provider

  • In Favour of Both, Partially
  • Citation Number : TS-924-ITAT-2019(Bang)-TP
  • Tax Payer : Sterling Commerce Solutions India Pvt Ltd (successor in interest to Telelogic India Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s MP; Rejects plea that comparables were excluded sans grounds raised

  • In Favour of Assessee
  • Citation Number : TS-923-ITAT-2019(Bang)-TP
  • Tax Payer : Arcot R & D Software Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts assessee’s internal-TNMM based on man-hour rates for benchmarking engineering services

  • In Favour of Assessee
  • Citation Number : TS-922-ITAT-2019(Mum)-TP
  • Tax Payer : Chemtex Global Engineers Pvt Ltd