Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT:Quashes reassessment to make royalty TP-adjustment absent ‘reason to believe’ income escapement

  • In Favour of Assessee
  • Citation Number : TS-881-ITAT-2019(PUN)-TP
  • Tax Payer : Endress Hauser Flowtec (India) Private Limited
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar Bodhtree Consulting, FCS Software; Includes SIP Technologies for software developer

  • In Favour of Assessee
  • Citation Number : TS-880-ITAT-2019(PUN)-TP
  • Tax Payer : Renishaw Metrology Systems Ltd
Income tax Appellate Tribunal

ITAT:Hitachi Singapore’s LO constitutes PE in India; Directs profit-attribution under TNMM

  • In Favour of Revenue
  • Citation Number : TS-879-ITAT-2019(DEL)-TP
  • Tax Payer : Hitachi High Technologies Singapore Pte Ltd
Income tax Appellate Tribunal

ITAT: Applies MAP-agreed 17 markup for Denmark AE transactions to non-Denmark AE transactions

  • In Favour of Assessee
  • Citation Number : TS-878-ITAT-2019(Bang)-TP
  • Tax Payer : Novo Nordisk Service Centre (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes high-end KPOs for medical transcription service provider; Remits forex-fluctuation treatment issue

  • In Favour of Both, Partially
  • Citation Number : TS-877-ITAT-2019(Bang)-TP
  • Tax Payer : Acusis Software India Private Limited
High Court

HC: Upholds TP-adjustment deletion on corporate guarantee & share application money; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-876-HC-2019(BOM)-TP
  • Tax Payer : Concentrix Services (I) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-issues of royalty payments, ALP-differences in distribution/software development segments; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-875-ITAT-2019(Bang)-TP
  • Tax Payer : Wipro GE Healthcare Pvt Ltd
Foreign Court

FC: Australian Federal Court rejects restructuring of Glencore's agreement for copper-concentrate sale between AEs

  • In Favour of Assessee
  • Citation Number : TS-1252-FC-2019-TP
  • Tax Payer : Glencore Investment Pty Ltd
Income tax Appellate Tribunal

ITAT: Confirms TP-adjustment deletion for Bata India considering ALP within 5% tolerance range

  • In Favour of Assessee
  • Citation Number : TS-874-ITAT-2019(Kol)-TP
  • Tax Payer : Bata India Ltd
Income tax Appellate Tribunal

ITAT: Excludes 5 comparables for captive software developer citing functional dissimilarity, turnover filter failure

  • In Favour of Both, Partially
  • Citation Number : TS-872-ITAT-2019(Bang)-TP
  • Tax Payer : Novell Software Development India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Confirms validity of tax-return filed without Form 3CEB absent AO’s defect intimation; Quashes reassessment

  • In Favour of Assessee
  • Citation Number : TS-870-ITAT-2019(PUN)-TP
  • Tax Payer : Husco Hydraulics Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 5 comparables by applying Rs.200 crores upper-turnover filter; Follows Genisys ruling

  • In Favour of Assessee
  • Citation Number : TS-869-ITAT-2019(Bang)-TP
  • Tax Payer : IGEFI Software India Pvt Ltd (Formerly Finch Software India Pvt. Ltd)
Income tax Appellate Tribunal

ITAT: Excludes Infosys BPO, TCS E-Serve for assessee-BPO citing high turnover and brand benefits

  • In Favour of Assessee
  • Citation Number : TS-868-ITAT-2019(DEL)-TP
  • Tax Payer : Astra Business Services P Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment; Accepts jeweller-assessee’s entity-level benchmarking for domestic transaction of stock purchase

  • In Favour of Assessee
  • Citation Number : TS-867-ITAT-2019(PUN)-TP
  • Tax Payer : P N Gadgil Jewellers Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes functionally-dissimilar eClerx; Excludes TCS e-Serve & Infosys BPO applying turnover filter

  • In Favour of Assessee
  • Citation Number : TS-866-ITAT-2019(Kol)-TP
  • Tax Payer : Data Core (India) Private Limited (merged with DCG Data-Core Systems (India) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Rules on DRP’s scope; Holds restoring fresh-ALP determination to AO/TPO outside DRP’s jurisdiction

  • In Favour of Assessee
  • Citation Number : TS-865-ITAT-2019(PUN)-TP
  • Tax Payer : Capstone Securities Analysis Pvt Ltd
Income tax Appellate Tribunal

ITAT:Excludes comparables in software development & ITeS segments; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-864-ITAT-2019(HYD)-TP
  • Tax Payer : Medpluxes India Pvt. Ltd
High Court

HC:Dismisses Revenue’s appeal; Reiterates TP-regime, anti-tax avoidance, not anti-tax evasion provision

  • In Favour of Assessee
  • Citation Number : TS-863-HC-2019(BOM)-TP
  • Tax Payer : Visteon Engineering Centre (India) Pvt Ltd
High Court

HC:Dismisses Revenue’s appeal; Upholds ITAT’s exclusion of 2 functionally dissimilar comparables

  • In Favour of Assessee
  • Citation Number : TS-862-HC-2019(BOM)-TP
  • Tax Payer : Visteon Engineering Centre (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-determination of corporate service charges; Directs consideration of intercompany agreement

  • In Favour of Assessee
  • Citation Number : TS-861-ITAT-2019(DEL)-TP
  • Tax Payer : Bentley Systems India Private Limited