Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT:Deletes Ad-hoc adjustment for regional office expenses; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-715-ITAT-2019(Mum)-TP
  • Tax Payer : Det Norske Veritas AS
Income tax Appellate Tribunal

ITAT:Quashes Sec 263-order; AO’s SDT non-reference to TPO not erroneous/ prejudicial considering Sec.92B(1) omission

  • In Favour of Assessee
  • Citation Number : TS-714-ITAT-2019(Ind)-TP
  • Tax Payer : Swastik Coal Corporation Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s appeal; Upholds CIT(A)’s exclusion of 6 comparables citing high-turnover, abnormal profits

  • In Favour of Assessee
  • Citation Number : TS-713-ITAT-2019(PUN)-TP
  • Tax Payer : NetHawk Networks India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rectifies mistake in ITAT-order; Remits comparability of 3 companies for fresh adjudication

  • In Favour of Assessee
  • Citation Number : TS-712-ITAT-2019(Bang)-TP
  • Tax Payer : MetricStream Infotech (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adopts RPM for benchmarking Swarovski’s crystal imports; Remits AMP-issue

  • In Favour of Both, Partially
  • Citation Number : TS-711-ITAT-2019(DEL)-TP
  • Tax Payer : Swarovski India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes intra-group services TP-adjustment, remits royalty TP-adjustment; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-710-ITAT-2019(DEL)-TP
  • Tax Payer : AT & T Global Network Services (India) Private Limited
High Court

HC:Holds similarity of transactions not sole/reliable yardstick for comparables selection; Reverses ITAT-order

  • In Favour of Assessee
  • Citation Number : TS-709-HC-2019(DEL)-TP
  • Tax Payer : Avaya India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits royalty on trademark & intra-group services TP-adjustment; Follows earlier-orders

  • In Favour of Both, Partially
  • Citation Number : TS-708-ITAT-2019(Mum)-TP
  • Tax Payer : Mondelez India Foods P Ltd (formerly known as Cadbury India Ltd.)
Supreme Court

SC: Dismisses Revenue's appeal; Assessment on non-existent entity, a ‘substantive illegality’, not procedural violation

  • In Favour of Assessee
  • Citation Number : TS-707-SC-2019-TP
  • Tax Payer : Maruti Suzuki India Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables for Channel-V; Rejects separate income determination for non-AE transactions

  • In Favour of Both, Partially
  • Citation Number : TS-706-ITAT-2019(Mum)-TP
  • Tax Payer : Channel V Music Networks Limited
Income tax Appellate Tribunal

ITAT:Allows assessee’s MP; Recalls order to rectify direction on working capital adjustment consideration

  • In Favour of Assessee
  • Citation Number : TS-705-ITAT-2019(DEL)-TP
  • Tax Payer : Akzo Noble Car Refinishes India Pvt. Ltd. (formerly known as Akzo Nobel Car Refinishes India Limited)
High Court

HC: Upholds ITAT’s comparables selection for assessee providing engineering, financial, IT-Infrastructure support services

  • In Favour of Assessee
  • Citation Number : TS-704-HC-2019(DEL)-TP
  • Tax Payer : Bechtel India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables for software-developer citing functional dissimilarity, segmental data unavailability etc.

  • In Favour of Assessee
  • Citation Number : TS-703-ITAT-2019(DEL)-TP
  • Tax Payer : Mentor Graphic (India) P Ltd
High Court

HC: Dismisses Revenue’s appeal; Upholds ITAT’s comparables-selection made after FAR-analysis for ITeS provider

  • In Favour of Assessee
  • Citation Number : TS-701-HC-2019(DEL)-TP
  • Tax Payer : Fluor Daniel India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Considers AO/TPO's adoption of wrong PLI for assessee; Remits issue for verification

  • In Favour of Assessee
  • Citation Number : TS-700-ITAT-2019(PUN)-TP
  • Tax Payer : Carraro India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparable-selection; Delayed recovery of debtors not loans/advances to AE

  • In Favour of Assessee
  • Citation Number : TS-698-ITAT-2019(Mum)-TP
  • Tax Payer : Mobileum (India) Pvt Ltd (Formerly known as Roamware India Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Excludes Accentia Technologies, Acropetal & Crossdomain Solutions for BPO service-provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-697-ITAT-2019(Mum)-TP
  • Tax Payer : BancTec TPS India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds TP-adjustment deletion on corporate-guarantee, accepts assessee’s 1% as ALP; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-696-ITAT-2019(Mum)-TP
  • Tax Payer : Glenmark Generics Ltd
Income tax Appellate Tribunal

ITAT: Deletes AMP-adjustment; Rejects Revenue’s plea to keep matter in abeyance till SC-outcome

  • In Favour of Assessee
  • Citation Number : TS-695-ITAT-2019(Mum)-TP
  • Tax Payer : Kellogg India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs verification of segmental-results to confirm CIT(A)’s TP-adjustment deletion adopting internal TNMM

  • In Favour of Both, Partially
  • Citation Number : TS-694-ITAT-2019(Mum)-TP
  • Tax Payer : CanvasM Technologies Ltd (Now Tech Mahindra Ltd.)