Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT: Upholds segregation of management fees; Remits ALP-determination to consider assessee’s evidences

  • In Favour of Both, Partially
  • Citation Number : TS-818-ITAT-2019(PUN)-TP
  • Tax Payer : Morganite Crucible India Limited
High Court

HC: Derides Revenue for filing ‘routine’ TP-appeals; Directs CBDT to issue appropriate directions

  • In Favour of Assessee
  • Citation Number : TS-816-HC-2019(BOM)-TP
  • Tax Payer : Nomura Structured Finance Service Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 6 comparables for IT/ITeS-provider citing functional dissimilarity, fluctuating margins; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-815-ITAT-2019(PUN)-TP
  • Tax Payer : BMC Software India Private Limited
Income tax Appellate Tribunal

ITAT:Upholds CIT(A)-order rejecting TPO’s re-characterization of equity investment in Cyprus-AE as loan

  • In Favour of Assessee
  • Citation Number : TS-814-ITAT-2019(Kol)-TP
  • Tax Payer : Philips Carbon Black Ltd
Income tax Appellate Tribunal

ITAT:Quashes final assessment order passed sans draft-order; Follows Zuari, Nokia rulings

  • In Favour of Assessee
  • Citation Number : TS-813-ITAT-2019(Mum)-TP
  • Tax Payer : HSBC Invest Direct Securities (I) P Ltd
Income tax Appellate Tribunal

ITAT:Upholds validity of assessment-order issued alongwith penalty notice but without demand notice

  • In Favour of Both, Partially
  • Citation Number : TS-812-ITAT-2019(PUN)-TP
  • Tax Payer : Atlas Copco (India) Limited
Income tax Appellate Tribunal

ITAT:Upholds TP-adjustment deletion on management fees, rejecting TPO’s shareholders’ activities allegation

  • In Favour of Assessee
  • Citation Number : TS-811-ITAT-2019(Kol)-TP
  • Tax Payer : Apollo Gleneagles Hospitals Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in software development & sales support segments; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-810-ITAT-2019(PUN)-TP
  • Tax Payer : BMC Software India Private Limited
Income tax Appellate Tribunal

ITAT: Allows Sec.10AA deduction rejecting AO’s higher TP-margins reasoning; Remits TP-adjustment on intra-group services

  • In Favour of Both, Partially
  • Citation Number : TS-809-ITAT-2019(PUN)-TP
  • Tax Payer : Honeywell Automation India Limited
Income tax Appellate Tribunal

ITAT:Deletes TP-addition on HO-expenses allocation for Indian branch absent claim in tax-return

  • In Favour of Assessee
  • Citation Number : TS-808-ITAT-2019(Mum)-TP
  • Tax Payer : Bank of Bahrain and Kuwait
High Court

HC: Mere communication of DRP-direction to AO, not direction u/s 144C(5); Rejects assessement-order limitation plea

  • In Favour of Revenue
  • Citation Number : TS-807-HC-2019(MAD)-TP
  • Tax Payer : L&T Thales Technology Services Private Limited
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s concealment penalty deletion over MAM selection TP-dispute

  • In Favour of Assessee
  • Citation Number : TS-806-ITAT-2019(Mum)-TP
  • Tax Payer : Hilti Manufacturing India Pvt Ltd (Previously know as Bhukhanwala Diamond Systems Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT:Remits comparables selection; Onus on assessee to demonstrate functional similarity with cogent material

  • In Favour of Both, Partially
  • Citation Number : TS-805-ITAT-2019(Mum)-TP
  • Tax Payer : MX Systems International Private Ltd
Income tax Appellate Tribunal

ITAT: Excludes 1, includes 1 and remits 5 comparables for ITeS-provider; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-804-ITAT-2019(Bang)-TP
  • Tax Payer : Kennametal Shared Services Private Limited
Income tax Appellate Tribunal

ITAT: Adopts external TNMM for manufacturer/trader of kitchen appliances; Rules on comparable-selection

  • In Favour of Both, Partially
  • Citation Number : TS-803-ITAT-2019(PUN)-TP
  • Tax Payer : Elica PB India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits capacity adjustment directing adoption of ‘weighted mean’; Remits comparability of NGEF (Hubli)

  • In Favour of Both, Partially
  • Citation Number : TS-802-ITAT-2019(Bang)-TP
  • Tax Payer : Moog Controls (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects CUP-method for metro-trains sale absent evidence on quality, market; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-801-ITAT-2019(DEL)-TP
  • Tax Payer : Bombardier Transportation India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 9 comparables for software developer; Remits ALP-determination of intra-group services

  • In Favour of Both, Partially
  • Citation Number : TS-800-ITAT-2019(DEL)-TP
  • Tax Payer : Aircom International (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Difference in manner of ALP-determination, not concealment; Upholds CIT(A)’s penalty deletion

  • In Favour of Assessee
  • Citation Number : TS-799-ITAT-2019(PUN)-TP
  • Tax Payer : Atlas Copco (India) Limited
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on advertiser’s brand-building assistance receipts; Considers AE only pass-through entity

  • In Favour of Both, Partially
  • Citation Number : TS-798-ITAT-2019(Mum)-TP
  • Tax Payer : Lintas India Pvt Ltd