Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT: Excludes 3 comparables for ITeS-provider post recall of original Tribunal order; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-628-ITAT-2019(Bang)-TP
  • Tax Payer : Zyme Solutions Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Rejects TPO’s CPM as MAM for benchmarking transactions in equipment-division; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-627-ITAT-2019(PUN)-TP
  • Tax Payer : Alfa Laval (India) Limited
Income tax Appellate Tribunal

ITAT: Dismisses MP; Upholds Tribunal-order remitting AE-loan & corporate guarantee benchmarking

  • In Favour of Revenue
  • Citation Number : TS-626-ITAT-2019(Bang)-TP
  • Tax Payer : Sasken Technologies Ltd
Income tax Appellate Tribunal

ITAT:Remits CIT(A)’s non-speaking order on TP-adjustments in second appeal round

  • In Favour of Assessee
  • Citation Number : TS-625-ITAT-2019(Ahd)-TP
  • Tax Payer : Atul Limited
Income tax Appellate Tribunal

ITAT:Deletes BMW India’s AMP-adjustment, remits TP-adjustment on intra-group services; Follows earlier orders

  • In Favour of Both, Partially
  • Citation Number : TS-624-ITAT-2019(DEL)-TP
  • Tax Payer : BMW India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Disapproves TPO’s cherry-picking of comparables sans reasoning; Grants adjustment for marketing expenses

  • In Favour of Assessee
  • Citation Number : TS-623-ITAT-2019(Mum)-TP
  • Tax Payer : Frost & Sullivan (India) Private Limited
Income tax Appellate Tribunal

ITAT: Upholds Thinksoft inclusion for software R&D provider despite exclusion in earlier year

  • In Favour of Assessee
  • Citation Number : TS-622-ITAT-2019(PUN)-TP
  • Tax Payer : Starent Networks India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-determination of royalty & intra-group services; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-621-ITAT-2019(Bang)-TP
  • Tax Payer : Filtrex Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds Accenture’s image and web development akin to ITeS; Rules on comparables

  • In Favour of Both, Partially
  • Citation Number : TS-619-ITAT-2019(Mum)-TP
  • Tax Payer : Accenture Services Pvt Ltd
Income tax Appellate Tribunal

ITAT:Commercial rationality not distinct from commercial expediency; Fixes LIBOR+300bps as AE-loan ALP

  • In Favour of Revenue
  • Citation Number : TS-618-ITAT-2019(Mum)-TP
  • Tax Payer : Air Works India (Engineering) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on payment for management, other administrative services; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-617-ITAT-2019(Kol)-TP
  • Tax Payer : Chryso India Pvt Ltd (Previsously known as The Structural Waterproofing company Pvt. Ltd. )
Income tax Appellate Tribunal

ITAT:Upholds turnover-filter application, applies 10 times tolerance range; Follows Pentair, McAfee rulings

  • In Favour of Both, Partially
  • Citation Number : TS-616-ITAT-2019(PUN)-TP
  • Tax Payer : Tetra Pak India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)-order remitting capacity adjustment issue following earlier order

  • In Favour of Assessee
  • Citation Number : TS-615-ITAT-2019(PUN)-TP
  • Tax Payer : Geissel India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts assessee’s internal-TNMM for benchmarking engineering services, rejects TPO’s unreliable man-hour allegation

  • In Favour of Assessee
  • Citation Number : TS-614-ITAT-2019(Mum)-TP
  • Tax Payer : SNC Lavalin Engineering India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects Nil-ALP for intra-group services, discards TPO’s non-furnishing of “primary evidence” stand

  • In Favour of Assessee
  • Citation Number : TS-613-ITAT-2019(Mum)-TP
  • Tax Payer : Jardine Lloyed Thompson Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 2 comparables applying 10-times turnover range; Follows Acusis over Chryscapital ruling

  • In Favour of Both, Partially
  • Citation Number : TS-612-ITAT-2019(Bang)-TP
  • Tax Payer : Broadcom Communications Technologies Private Limited (earlier known as Broadcom India Research Private Limited)
Income tax Appellate Tribunal

ITAT: TPO lacks jurisdiction to determine assessee’s POEM; Quashes TP proceedings

  • In Favour of Assessee
  • Citation Number : TS-611-ITAT-2019(PUN)-TP
  • Tax Payer : Sava Healthcare Ltd (earlier known as Anagha Pharma Pvt Ltd)
High Court

HC: Dismisses assessee’s appeal on TP-adjustments sans establishing perversity in ITAT-order; Follows Softbrands

  • In Favour of Revenue
  • Citation Number : TS-608-HC-2019(MAD)-TP
  • Tax Payer : Indian Additives Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s MP; Recalls Tribunal-order for adjudicating on exclusion of 2 comparables

  • In Favour of Assessee
  • Citation Number : TS-607-ITAT-2019(Bang)-TP
  • Tax Payer : Synopsys (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Dismisses Revenue’s MP challenging non-consideration of Volvo ruling while rejecting license fees’ nil-ALP

  • In Favour of Assessee
  • Citation Number : TS-606-ITAT-2019(Bang)-TP
  • Tax Payer : Adcock Ingram Limited