Rulings ( 11976 results )

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High Court

HC:Dismisses Revenue’s appeal; Upholds exclusion of Alphageo for research & technical service-provider

  • In Favour of Assessee
  • Citation Number : TS-921-HC-2019(BOM)-TP
  • Tax Payer : Sygenta Bioscience Pvt Ltd
High Court

HC: Quashes reassessment seeking to capitalize technical-knowhow fees on which TP-adjustment was proposed

  • In Favour of Assessee
  • Citation Number : TS-920-HC-2019(MAD)-TP
  • Tax Payer : Hyundai Motor India Ltd
Supreme Court

SC: Confirms HC's exclusion of 2, inclusion of 1 comparable for Blackstone Advisors

  • In Favour of Assessee
  • Citation Number : TS-919-SC-2019-TP
  • Tax Payer : BLACKSTONE ADVISORS INDIA PVT LTD
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on corporate, performance guarantees, software services etc.; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-917-ITAT-2019(Ahd)-TP
  • Tax Payer : Mastek Ltd
Foreign Court

FC: Spanish National Court rules on interquartile range; Adjustment to median only when'comparability-defect' exists

  • In Favour of Assessee
  • Citation Number : TS-1256-FC-2019(SPN)-TP
  • Tax Payer : IKEA
Income tax Appellate Tribunal

ITAT:Excludes 4 comparables applying RPT-filter; Excludes functionally dissimilar Alphageo India

  • In Favour of Assessee
  • Citation Number : TS-916-ITAT-2019(Mum)-TP
  • Tax Payer : Mott MacDonald Consultants (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits comparability of L&T Infotech; Holds bad/doubtful debts provisions, operating item

  • In Favour of Both, Partially
  • Citation Number : TS-915-ITAT-2019(Bang)-TP
  • Tax Payer : ACI Worldwide Solutions Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal; Upholds exclusion of Basiz Fund Services for marketing support service-provider

  • In Favour of Assessee
  • Citation Number : TS-914-HC-2019(DEL)-TP
  • Tax Payer : Microsoft Corporation India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 companies citing functional dissimilarity, brand value etc for BPO-service provider

  • In Favour of Both, Partially
  • Citation Number : TS-913-ITAT-2019(Bang)-TP
  • Tax Payer : VWR Lab Products Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits capacity utilization & working capital adjustments; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-912-ITAT-2019(Bang)-TP
  • Tax Payer : Molex India Tooling Pvt Limited
Income tax Appellate Tribunal

ITAT: TPO’s ALP-acceptance not conclusive of business-setup; Technical services income, not business income

  • In Favour of Revenue
  • Citation Number : TS-910-ITAT-2019(PUN)-TP
  • Tax Payer : Volkswagen India Private Limited.
Income tax Appellate Tribunal

ITAT: Deletes Sec 271G-penalty absent AO pointing out specific defect in assessee’s document submission

  • In Favour of Assessee
  • Citation Number : TS-908-ITAT-2019(Mum)-TP
  • Tax Payer : Procter & Gamble Home Products Private Limited
Income tax Appellate Tribunal

ITAT: Allows working capital adjustment for manufacturer-assessee; Restricts TP-adjustment to international transactions

  • In Favour of Assessee
  • Citation Number : TS-907-ITAT-2019(PUN)-TP
  • Tax Payer : Ognibene India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s appeal; Remits TP-adjustments in respect of SDT and corporate-guarantee

  • In Favour of Assessee
  • Citation Number : TS-906-ITAT-2019(Bang)-TP
  • Tax Payer : Suprajit Engineering Ltd
Income tax Appellate Tribunal

ITAT: Excludes Excel Infoways as comparable for routine ITes-provider citing functional dissimilarity; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-905-ITAT-2019(Mum)-TP
  • Tax Payer : Zenta Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on notional-interest, higher AE-sale price justifies extended credit period

  • In Favour of Assessee
  • Citation Number : TS-904-ITAT-2019(Ahd)-TP
  • Tax Payer : Symphony Ltd.
Income tax Appellate Tribunal

ITAT: Recalls ITAT-order absent adjudication on additional ground against TP-adjustment on interest on AE-receivables

  • In Favour of Assessee
  • Citation Number : TS-903-ITAT-2019(HYD)-TP
  • Tax Payer : Value Labs Technologies
Foreign Court

FC: Copy of EU Court rulings in Starbucks & Fiat now available

  • In Favour of Revenue
  • Citation Number : TS-1255-FC-2019(EUR)-TP
  • Tax Payer : Fiat Chrysler Finance Europe
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on Star-India’s management service, brand license payments; Dismisses base-erosion allegation

  • In Favour of Assessee
  • Citation Number : TS-902-ITAT-2019(Mum)-TP
  • Tax Payer : Star India Private Limited
Income tax Appellate Tribunal

ITAT: Remits companies not included in TP-study; No estoppel in law against comparability challenge

  • In Favour of Both, Partially
  • Citation Number : TS-901-ITAT-2019(Bang)-TP
  • Tax Payer : KBACE Technologies Pvt Ltd