Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT: Rejects DRP’s suo-moto introduction of ‘Onsite-revenue filter’ post TPO’s TP-analysis; Excludes 3 comparables

  • In Favour of Both, Partially
  • Citation Number : TS-777-ITAT-2019(Bang)-TP
  • Tax Payer : Herbalife International India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Determines guarantee fee ALP at 0.5%; Remits AE-loan adjustment directing LIBOR application

  • In Favour of Both, Partially
  • Citation Number : TS-776-ITAT-2019(Mum)-TP
  • Tax Payer : Alok Industries Ltd
Supreme Court

SC: TP-adjustment made absent TPO-reference contrary to Instruction 3/2003, but permits remand to AO

  • In Favour of Assessee
  • Citation Number : TS-775-SC-2019-TP
  • Tax Payer : S.G. ASIA HOLDINGS (INDIA)PVT. LTD
Income tax Appellate Tribunal

ITAT: Adopts SBI rate for benchmarking trade receivables; Rules on comparables for IT/ITeS provider

  • In Favour of Both, Partially
  • Citation Number : TS-774-ITAT-2019(HYD)-TP
  • Tax Payer : Infor (India) P Ltd (formerly known as Infor Global Solutions (India) P Ltd
Income tax Appellate Tribunal

ITAT: Holds AMP-adjustment not international transaction for assessee-trader in second round of proceedings

  • In Favour of Assessee
  • Citation Number : TS-773-ITAT-2019(Mum)-TP
  • Tax Payer : India Medtronic Private Ltd
Income tax Appellate Tribunal

ITAT:Final assessment order passed without draft-order, invalid; Assessee’s participation in proceedings irrelevant

  • In Favour of Assessee
  • Citation Number : TS-772-ITAT-2019(PUN)-TP
  • Tax Payer : Jain Irrigation Systems Ltd
Income tax Appellate Tribunal

ITAT: Excludes Cignity, Thirdware, remits Aspire for RPT verification for low-end software developer

  • In Favour of Both, Partially
  • Citation Number : TS-771-ITAT-2019(Mum)-TP
  • Tax Payer : Lionbridge Technologies Private Limited
Income tax Appellate Tribunal

ITAT:Holds forex gains as operating income; Remits comparability of MPS Ltd. for ITes-provider

  • In Favour of Both, Partially
  • Citation Number : TS-770-ITAT-2019(Bang)-TP
  • Tax Payer : Ocwen Financial Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds Eclerx, a KPO-company, incomparable to ITeS-provider; Distinguishes ruling in own case

  • In Favour of Both, Partially
  • Citation Number : TS-769-ITAT-2019(HYD)-TP
  • Tax Payer : Hyundai Motor India Engineering Private Limited
Income tax Appellate Tribunal

ITAT: Sec.4 chargeability pre-condition for invoking Chapter-X; Deletes TP-adjustment towards hypothetical FCCD interest

  • In Favour of Assessee
  • Citation Number : TS-768-ITAT-2019(DEL)-TP
  • Tax Payer : TMW ASPF i Cyprus Holding Company Ltd
Income tax Appellate Tribunal

ITAT: TPO cannot re-examine earlier view regarding comparable inclusion/ exclusion while effecting DRP’s directions

  • In Favour of Assessee
  • Citation Number : TS-767-ITAT-2019(PUN)-TP
  • Tax Payer : MACOM Technology Solutions (India) Private Limited (formerly known as Applied Micro Circuits India Private Limited)
Income tax Appellate Tribunal

ITAT:Upholds TP-adjustment deletion on indenting commission considering TPO’s awry application of CPM

  • In Favour of Both, Partially
  • Citation Number : TS-766-ITAT-2019(PUN)-TP
  • Tax Payer : Atlas Copco (India) Limited
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s corporate guarantee ALP determination at 0.5%; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-765-ITAT-2019(Mum)-TP
  • Tax Payer : Laqshya Media Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds TPO’s unallocated cost apportionment for computing segmental profits for software-R&D division

  • In Favour of Both, Partially
  • Citation Number : TS-764-ITAT-2019(Bang)-TP
  • Tax Payer : Trident Microsystems India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rules on comparables for Corporate-support and R&D services provider; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-763-ITAT-2019(Mum)-TP
  • Tax Payer : International Specialty Products (India) Pvt Limited
Income tax Appellate Tribunal

ITAT: Upholds segregation of management-fee but considers payment at ALP under CPM; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-762-ITAT-2019(PUN)-TP
  • Tax Payer : INA Bearings India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Declines assessee’s MA observing Tribunal's ‘application of mind’ on comparable exclusion

  • In Favour of Both, Partially
  • Citation Number : TS-761-ITAT-2019(HYD)-TP
  • Tax Payer : Wissen Infotech Pvt Ltd
Income tax Appellate Tribunal

ITAT: AMP-expense, not international transaction, absent incurrence for AE’s brand promotion; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-760-ITAT-2019(Kol)-TP
  • Tax Payer : Organon (India) Private Limited
Income tax Appellate Tribunal

ITAT: Rejects CIT(A)’s average EURIBOR as interest-ALP for AE-loan; Adopts EURIBOR+2% following Aurionpro

  • In Favour of Both, Partially
  • Citation Number : TS-759-ITAT-2019(PUN)-TP
  • Tax Payer : iGate Global Solutions Ltd
Supreme Court

SC: Assessee challenges HC-order upholding ITAT’s comparable-selection for its software development segment

  • In Favour of Both, Partially
  • Citation Number : TS-758-SC-2019-TP
  • Tax Payer : STERIA INDIA LTD (EARLIER KNOWN AS XANSA INDIA LTD.)