Rulings ( 11976 results )

Filters
Income tax Appellate Tribunal

ITAT: Rejects AO's higher TP-margins reasoning for disallowing Sec 10AA deduction; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-797-ITAT-2019(PUN)-TP
  • Tax Payer : Honeywell Automation India Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on management fees absent mechanism for adhoc disallowance under law

  • In Favour of Both, Partially
  • Citation Number : TS-796-ITAT-2019(Ahd)-TP
  • Tax Payer : Tyco Valves & Controls India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds applicability of Frost & Sullivan ruling for deciding TP-issue; Dismisses Revenue’s ground

  • In Favour of Assessee
  • Citation Number : TS-795-ITAT-2019(Mum)-TP
  • Tax Payer : Gartner India Research & Advisory Services Private Ltd
Income tax Appellate Tribunal

ITAT: Subcontracting transaction between assessee & third-party NR, not international transaction; Rejects Sec 44BBB application

  • In Favour of Assessee
  • Citation Number : TS-794-ITAT-2019(DEL)-TP
  • Tax Payer : Metals Russia India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits Sec 271G-penalty issue absent CIT(A)’s findings on assessee’s maintenance of segmental information

  • In Favour of Assessee
  • Citation Number : TS-792-ITAT-2019(Bang)-TP
  • Tax Payer : Telsima Communications Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes AO's Sec.154 order passed without issuing draft assessment order; Cites Sec. 144C(1) violation

  • In Favour of Assessee
  • Citation Number : TS-791-ITAT-2019(HYD)-TP
  • Tax Payer : Lanco Solar Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 3 companies citing high-end KPO, employee-cost filter failure, for ITeS provider

  • In Favour of Both, Partially
  • Citation Number : TS-790-ITAT-2019(Bang)-TP
  • Tax Payer : Software Paradigms Infotech Pvt Ltd
Foreign Court

FC: US Appeals Court upholds Tax Court's relief to Amazon in intangibles related TP dispute

  • In Favour of Assessee
  • Citation Number : TS-1250-FC-2019(USA)-TP
  • Tax Payer : Amazon.com
Income tax Appellate Tribunal

ITAT: Includes forex cost on expat-salary for ‘cost+’ based remuneration; Declines safe-harbour application

  • In Favour of Both, Partially
  • Citation Number : TS-789-ITAT-2019(DEL)-TP
  • Tax Payer : AT& T Communication Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adopts EURIBOR+2% for benchmarking AE-loan interest; Follows earlier ruling

  • In Favour of Both, Partially
  • Citation Number : TS-788-ITAT-2019(PUN)-TP
  • Tax Payer : iGate Global Solutions Ltd
Income tax Appellate Tribunal

ITAT: Restores appeal to CIT(A) citing non-speaking order on AE credit notes adjustment

  • In Favour of Assessee
  • Citation Number : TS-787-ITAT-2019(DEL)-TP
  • Tax Payer : Fujitsu Consulting India P Ltd
Income tax Appellate Tribunal

ITAT: Characterizes assessee as ITes-provider; Includes low-turnover, but functionally similar companies

  • In Favour of Both, Partially
  • Citation Number : TS-786-ITAT-2019(DEL)-TP
  • Tax Payer : American Express (I) P Ltd
Income tax Appellate Tribunal

ITAT: Grants benefit of volume discount on AE-export at discounted rate; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-785-ITAT-2019(PUN)-TP
  • Tax Payer : Floressence Perfumes Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables citing functional-dissimilarity, brand value, for software developer; Remits forex gain/loss treatment

  • In Favour of Both, Partially
  • Citation Number : TS-784-ITAT-2019(Bang)-TP
  • Tax Payer : CSG Systems International (India) Private Limited
High Court

HC: Dismisses Revenue’s appeal; Upholds ITAT’s exclusion of Infosys BPO for ITeS-provider

  • In Favour of Assessee
  • Citation Number : TS-783-HC-2019(DEL)-TP
  • Tax Payer : SYMPHONY MARKETING SOLUTIONS INDIA PVT. LTD. (NOW MERGED WITH GENPACT INDIA)
Income tax Appellate Tribunal

ITAT: Excludes 2 functionally dissimilar comparables for ITeS-provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-782-ITAT-2019(Mum)-TP
  • Tax Payer : Prudential Process Management Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects Revenue’s appeal against adjustment to comparables’ profit-margin considering HC-order in own case

  • In Favour of Assessee
  • Citation Number : TS-781-ITAT-2019(DEL)-TP
  • Tax Payer : Bombardier Transportation India Pvt
Income tax Appellate Tribunal

ITAT: Remits royalty TP-adjustment to adjudicate assessee's plea that income merely routed through AE

  • In Favour of Assessee
  • Citation Number : TS-780-ITAT-2019(Mum)-TP
  • Tax Payer : Universal Music (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes Sec.271G penalty for diamonds-trader; Practical difficulty in furnishing information constitutes reasonable cause

  • In Favour of Assessee
  • Citation Number : TS-779-ITAT-2019(Mum)-TP
  • Tax Payer : Jasani
Income tax Appellate Tribunal

ITAT: Directs working-capital adjustment based on OECD formula; Follows earlier-years approach

  • In Favour of Assessee
  • Citation Number : TS-778-ITAT-2019(DEL)-TP
  • Tax Payer : Hewitt Associates (India)P Ltd