Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT: Remits comparables selection absent assessee’s TP-study & annual reports of alleged comparables

  • In Favour of Both, Partially
  • Citation Number : TS-838-ITAT-2019(Bang)-TP
  • Tax Payer : Mportal (India) Wireless Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds research & training, AMP-expenses not international transaction; Deletes TP-adjustments

  • In Favour of Both, Partially
  • Citation Number : TS-837-ITAT-2019(Kol)-TP
  • Tax Payer : Akzo Nobel India Ltd
Income tax Appellate Tribunal

ITAT: Remits treatment of forex-gain on hedging activity for comparable in PLI-computation

  • In Favour of Assessee
  • Citation Number : TS-836-ITAT-2019(Bang)-TP
  • Tax Payer : SAP Labs India Pvt Ltd
High Court

HC: Admits Revenue’s appeal challenging AMP-adjustment deletion; Upholds 0.5% as corporate guarantee ALP

  • In Favour of Both, Partially
  • Citation Number : TS-835-HC-2019(BOM)-TP
  • Tax Payer : Thomas Cook (India) Ltd
Income tax Appellate Tribunal

ITAT: Rejects assessee's characterization as KPO-provider; Remits issue following earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-834-ITAT-2019(Bang)-TP
  • Tax Payer : Open Silicon Research Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs LIBOR of country where AE-loan is consumed for interest benchmarking; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-833-ITAT-2019(Mum)-TP
  • Tax Payer : Arshiya Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on AE-receivables; Working-capital adjustment imbibes outstanding receivables impact on profitability

  • In Favour of Both, Partially
  • Citation Number : TS-832-ITAT-2019(DEL)-TP
  • Tax Payer : Concentrix Daksh Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows MP; Restricts remand to turnover filter application, comparables without disturbing MAM-selection

  • In Favour of Assessee
  • Citation Number : TS-831-ITAT-2019(Mum)-TP
  • Tax Payer : Roche Diagnostics India Private Limited
Income tax Appellate Tribunal

ITAT: Treats forex-fluctuation as operating item; Rules on comparables in IT/ITeS segments

  • In Favour of Both, Partially
  • Citation Number : TS-830-ITAT-2019(Bang)-TP
  • Tax Payer : First Advantage Global Operating Center Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes Rs.354cr AMP-adjustment absent L’Oreal India rendering DEMPE functions for AE-brands

  • In Favour of Both, Partially
  • Citation Number : TS-829-ITAT-2019(Mum)-TP
  • Tax Payer : L‘Oreal India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Treats AE as tested-party for fixed assets' purchase; Rejects TPO’s Nil-ALP determination

  • In Favour of Both, Partially
  • Citation Number : TS-828-ITAT-2019(DEL)-TP
  • Tax Payer : Capsugel Healthcare (Formerly Bharti Healthcare Limited)
Income tax Appellate Tribunal

ITAT: Rules on treatment of bad-debts, operating expense provision, export incentives for PLI-computation

  • In Favour of Assessee
  • Citation Number : TS-827-ITAT-2019(PUN)-TP
  • Tax Payer : Tasty Bite Eatables Ltd
Income tax Appellate Tribunal

ITAT: Discards Revenue's rejection of RPM for imports citing inappropriate comparables selection by assessee

  • In Favour of Both, Partially
  • Citation Number : TS-826-ITAT-2019(Mum)-TP
  • Tax Payer : Bristol Myers Squibb India Private Limited
Income tax Appellate Tribunal

ITAT: Rejects inadequate comparables as ‘exceptionality’ to include comparable with different-FY

  • In Favour of Assessee
  • Citation Number : TS-825-ITAT-2019(PUN)-TP
  • Tax Payer : Kirloskar Ebara Pumps Ltd
Income tax Appellate Tribunal

ITAT: Draft order passed with demand/penalty notice, invalid; Follows Skoda, Rehau rulings

  • In Favour of Assessee
  • Citation Number : TS-824-ITAT-2019(PUN)-TP
  • Tax Payer : Kohler Power India Private Limited (Earlier known as “Lombardini India Private Limited”)
Income tax Appellate Tribunal

ITAT: Aggregates imports with manufacturing transaction for benchmarking; Treats abnormal forex-fluctuation as non-operating

  • In Favour of Assessee
  • Citation Number : TS-823-ITAT-2019(PUN)-TP
  • Tax Payer : Mercedes-Benz India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs adoption of EURIBOR+2% as interest-ALP for AE-loan; Follows earlier-orders

  • In Favour of Revenue
  • Citation Number : TS-822-ITAT-2019(PUN)-TP
  • Tax Payer : iGate Global Solutions Ltd
Income tax Appellate Tribunal

ITAT:Prefers 'actuals' over revenue based approach for expense allocation; Remits comparables selection

  • In Favour of Both, Partially
  • Citation Number : TS-821-ITAT-2019(PUN)-TP
  • Tax Payer : Neilsoft Limited
Income tax Appellate Tribunal

ITAT: AS-17 segment reporting requirement not criteria for segmental details' reliability under IT-Act

  • In Favour of Both, Partially
  • Citation Number : TS-820-ITAT-2019(Kol)-TP
  • Tax Payer : DIC India Limited
Income tax Appellate Tribunal

ITAT: Rules on comparable-selection for software developer; Excludes functionally dissimilar, software product companies

  • In Favour of Assessee
  • Citation Number : TS-819-ITAT-2019(Bang)-TP
  • Tax Payer : Hewlett Packard India Software Operation Pvt.Ltd