Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT: Upholds CIT(A) decision rejecting adjustment when mirror transaction held to be at ALP

  • In Favour of Assessee
  • Citation Number : TS-900-ITAT-2019(Bang)-TP
  • Tax Payer : UE Development India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Dismisses Revenue’s appeal on TP-issues citing CBDT’s Circular enhancing appeal filing monetary limits

  • In Favour of Assessee
  • Citation Number : TS-899-ITAT-2019(Ahd)-TP
  • Tax Payer : Talent Anywhere Services Pvt Ltd (Formerly known as Quickstart Resources Management India)
Income tax Appellate Tribunal

ITAT: Rejects treatment of convention expenses as incurred towards brand-building, Deletes alternative AMP-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-898-ITAT-2019(Mum)-TP
  • Tax Payer : India Medtronics Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits intra-group services ALP-determination citing generic evidence failing to establish arm’s length requirements

  • In Favour of Assessee
  • Citation Number : TS-897-ITAT-2019(Bang)-TP
  • Tax Payer : 3M India Limited
High Court

HC:Confirms TP-adjustment deletion on buying services for Li & Fung; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-896-HC-2019(DEL)-TP
  • Tax Payer : LI & FUNG ( INDIA ) PVT LTD
High Court

HC: Confirms deletion of AMP-adjustment made applying BLT, follows Sony HC ruling

  • In Favour of Assessee
  • Citation Number : TS-895-HC-2019(DEL)-TP
  • Tax Payer : Casio India Company
High Court

HC: Dismisses Revenue’s appeal; Confirms deletion of AMP-adjustment and intra-group service TP-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-894-HC-2019(DEL)-TP
  • Tax Payer : Bausch & Lomb India Pvt Ltd
High Court

HC:Dismisses Revenue’s appeal; Confirms invalidity of assessment order passed on non-existent amalgamated company

  • In Favour of Assessee
  • Citation Number : TS-893-HC-2019(DEL)-TP
  • Tax Payer : Genpact India (Previously Known As Genpact Infrastructure (Kolkata) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Treats subvention amount from parent-co as capital receipt but ‘operating’ item for PLI-computation

  • In Favour of Assessee
  • Citation Number : TS-892-ITAT-2019(PUN)-TP
  • Tax Payer : Nalco Water India Limited
Foreign Court

FC: EU Court confirms EC's decision striking down Luxembourg's aid measure for Fiat

  • In Favour of Revenue
  • Citation Number : TS-1254-FC-2019(EUR)-TP
  • Tax Payer : Fiat Chrysler Finance Europe
Foreign Court

FC: EU Court annuls EC's decision; Upholds Netherlands' sweetheart tax deal for Starbucks

  • In Favour of Assessee
  • Citation Number : TS-1253-FC-2019(EUR)-TP
  • Tax Payer : Starbucks and Starbucks Manufacturing Emea
High Court

HC:AO’s Sec 148-objections overruling, mere communication, not an order; Dismisses assessee’s writ

  • In Favour of Revenue
  • Citation Number : TS-890-HC-2019(KAR)-TP
  • Tax Payer : Epson India Private Limited
Income tax Appellate Tribunal

ITAT: Accepts TNT India’s foreign-AE as tested party; Remits ALP-determination of management, administrative services

  • In Favour of Assessee
  • Citation Number : TS-889-ITAT-2019(Bang)-TP
  • Tax Payer : TNT India Pvt Ltd
High Court

HC: Upholds LIBOR+2% as AE-loan ALP; Admits Revenue’s appeal on corporate guarantee TP-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-888-HC-2019(BOM)-TP
  • Tax Payer : Manugraph India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remands TP-adjustment on management-fee to examine services-cum-benefits and pass speaking order

  • In Favour of Both, Partially
  • Citation Number : TS-887-ITAT-2019(PUN)-TP
  • Tax Payer : Burckhardt Compression India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 7 companies with fluctuating profits, brand value for low-risk software developer

  • In Favour of Assessee
  • Citation Number : TS-886-ITAT-2019(Bang)-TP
  • Tax Payer : NI Systems (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: OP/OC PLI concept relevant only for TP-analysis; Allows Sec. 10AA deduction rejecting sub-sec (9) invocation

  • In Favour of Assessee
  • Citation Number : TS-885-ITAT-2019(PUN)-TP
  • Tax Payer : Eaton Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on AE-receivables for debt-free assessee; Excludes investment management advisor company

  • In Favour of Assessee
  • Citation Number : TS-884-ITAT-2019(DEL)-TP
  • Tax Payer : Mckinsey Knowledge Centre India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Treats Ranbaxy’s foreign-AE as tested party; Rejects plea to constitute Special Bench

  • In Favour of Assessee
  • Citation Number : TS-883-ITAT-2019(Ahd)-TP
  • Tax Payer : RANBAXY LABORATORIES LTD
Income tax Appellate Tribunal

ITAT: Remits AMP-adjustment for operating margins verification; Deletes TP-adjustment AE-receivables noting ordinate delay

  • In Favour of Both, Partially
  • Citation Number : TS-882-ITAT-2019(DEL)-TP
  • Tax Payer : Beam Global Spirits & Wine [India] Pvt Ltd