Rulings ( 11976 results )

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Supreme Court

SC: Dismisses Revenue’s SLP against HC’s allowance of Pepsi’s price-support to related parties

  • In Favour of Assessee
  • Citation Number : TS-757-SC-2019-TP
  • Tax Payer : Pepsi Foods Private Limited
High Court

HC: Upholds ITAT’s exclusion of 5 comparables for ITes provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-756-HC-2019(DEL)-TP
  • Tax Payer : TORUS BUSINESS SOLUTION PVT. LTD
High Court

HC: Sets-aside ITAT’s cryptic order rejecting stay on demand arising from TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-755-HC-2019(KAR)-TP
  • Tax Payer : Sterling Urban Developments Private Limited
High Court

HC: Upholds ITAT’s comparable-selection; No estoppel against assessee rejecting its own comparables

  • In Favour of Assessee
  • Citation Number : TS-753-HC-2019(BOM)-TP
  • Tax Payer : WIKA Instruments India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adopts ALP at 0.53% for guarantee, 0.5% for comfort-guarantee; Follows precedent in own-case

  • In Favour of Both, Partially
  • Citation Number : TS-752-ITAT-2019(Mum)-TP
  • Tax Payer : Glenmark Pharmaceuticals Ltd
High Court

HC:Disposes McKinsey India’s appeal, clarifies ITAT’s KPO characterization not to constitute precedent

  • In Favour of Assessee
  • Citation Number : TS-751-HC-2019(DEL)-TP
  • Tax Payer : Mckinsey Knowledge Centre India Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal against ITAT’s exclusion of routine selling, distribution expenses from AMP-expenses

  • In Favour of Assessee
  • Citation Number : TS-750-HC-2019(DEL)-TP
  • Tax Payer : Haier Appliances India Limited
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment for export/import transactions; Accepts assessee’s aggregation approach, following earlier-orders

  • In Favour of Assessee
  • Citation Number : TS-749-ITAT-2019(PUN)-TP
  • Tax Payer : Tetra Pak India Private Limited
Income tax Appellate Tribunal

ITAT:Adopts RPM over TNMM for benchmarking imports in distribution segment; Follows Videojet-ruling

  • In Favour of Assessee
  • Citation Number : TS-748-ITAT-2019(Mum)-TP
  • Tax Payer : Ecolab Food Safety & Hygiene Private Limited
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on import-transaction citing small proportion of AE-imports; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-747-ITAT-2019(DEL)-TP
  • Tax Payer : Hero MotoCorp Ltd
High Court

HC:Dismisses assessee’s writ challenging AO’s reference to TPO for ALP-determination of SDT

  • In Favour of Revenue
  • Citation Number : TS-746-HC-2019(DEL)-TP
  • Tax Payer : SKH MANAGEMENT SERVICES LTD
Income tax Appellate Tribunal

ITAT:Includes third-party marketing expenses reimbursement in PLI-computation; Rejects Trip Advisor's ‘conduit’ plea

  • In Favour of Both, Partially
  • Citation Number : TS-745-ITAT-2019(DEL)-TP
  • Tax Payer : Trip Advisor Travel India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits TP-adjustment on imports made without effecting DRP-directions; Remits AMP-adjustment following own order

  • In Favour of Assessee
  • Citation Number : TS-743-ITAT-2019(DEL)-TP
  • Tax Payer : Adidas India Marketing Pvt Ltd
Income tax Appellate Tribunal

ITAT:Directs aggregate approach adoption under TNMM for intra-group services; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-742-ITAT-2019(DEL)-TP
  • Tax Payer : Bombardier Transportation India Ltd
Income tax Appellate Tribunal

ITAT: Upholds DRP’s enhancement powers u/s 144C; Rejects TPO’s internal-TNMM for benchmarking Unilever’s exports

  • In Favour of Both, Partially
  • Citation Number : TS-741-ITAT-2019(Mum)-TP
  • Tax Payer : Unilever India Exports Ltd
Income tax Appellate Tribunal

ITAT:Upholds Sec 263 revisionary-order for AO’s SDT non-reference to TPO; Follows Ranbaxy ruling

  • In Favour of Revenue
  • Citation Number : TS-740-ITAT-2019(VIZ)-TP
  • Tax Payer : Sree Tirumala Steel Rolling Mills Private Ltd
Income tax Appellate Tribunal

ITAT:Upholds deletion of TP-adjustment on sales, interest-adjustment on AE-loan; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-739-ITAT-2019(Mum)-TP
  • Tax Payer : Ion Exchange (India) Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables selection for ITES-provider, excludes outsourcing comparables, companies with extraordinary events

  • In Favour of Both, Partially
  • Citation Number : TS-738-ITAT-2019(Mum)-TP
  • Tax Payer : Technip India Ltd (Amalgamated with Technip E&C India Ltd.)
Income tax Appellate Tribunal

ITAT:Excludes 4 comparables citing different business model, unreliable data etc; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-737-ITAT-2019(Mum)-TP
  • Tax Payer : Gartner India Research & Advisory Services Private Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment on outstanding AE-receivables for fresh adjudication following earlier orders

  • In Favour of Assessee
  • Citation Number : TS-736-ITAT-2019(DEL)-TP
  • Tax Payer : D E Shaw India Advisory Services Private Limited