Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar TCS E-serve for ITes provider; Follows Actis Global HC-ruling

  • In Favour of Both, Partially
  • Citation Number : TS-584-ITAT-2019(DEL)-TP
  • Tax Payer : Keystroke Pro India Pvt Ltd
Income tax Appellate Tribunal

ITAT:No adjustment u/s. 40A(2) warranted if assessee-AE tax rates are identical; Follows Glaxo SC-ruling

  • In Favour of Assessee
  • Citation Number : TS-583-ITAT-2019(Mum)-TP
  • Tax Payer : Lalit Pipes and Pipes Limited
Income tax Appellate Tribunal

ITAT:TPO not empowered to determine ALP on adhoc-basis; Deletes TP-adjustments on intra-group services

  • In Favour of Assessee
  • Citation Number : TS-582-ITAT-2019(Mum)-TP
  • Tax Payer : Lintas India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 4 & remits 2 comparables, for software development service provider; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-581-ITAT-2019(Bang)-TP
  • Tax Payer : VeriSign Services India Pvt Ltd
High Court

HC:Upholds exclusion of functionally dissimilar Engineers-India absent fault in ITAT's fact finding

  • In Favour of Assessee
  • Citation Number : TS-580-HC-2019(MAD)-TP
  • Tax Payer : Saipem India Projects Ltd [formerly known as Saipem India Project Services Ltd.,]
Income tax Appellate Tribunal

ITAT: Rules on comparables, excludes 2 Government companies for logistics services provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-579-ITAT-2019(Mum)-TP
  • Tax Payer : APL Logistics (India) Private Limited
Income tax Appellate Tribunal

ITAT:Dismisses appeal challenging Nil-ALP of head-office expenses eligible for Sec 44C deduction

  • In Favour of Revenue
  • Citation Number : TS-578-ITAT-2019(Mum)-TP
  • Tax Payer : Niko (NICO) Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on exports approving aggregation approach; Rejects AMP-adjustment absent assessee-AE agreement

  • In Favour of Both, Partially
  • Citation Number : TS-577-ITAT-2019(Mum)-TP
  • Tax Payer : Godrej Consumer Products Ltd
Income tax Appellate Tribunal

ITAT: Quashes final assessment order passed sans draft order in remand proceedings; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-575-ITAT-2019(Mum)-TP
  • Tax Payer : KSB Limited
Income tax Appellate Tribunal

ITAT: Sets-aside royalty benchmarking considering additional evidence; Excludes 5 comparables for captive software-developer

  • In Favour of Both, Partially
  • Citation Number : TS-574-ITAT-2019(Bang)-TP
  • Tax Payer : Schneider Electric IT Business India Private Limited (Formerly known as American Power Conversion (India) Private Limited
Income tax Appellate Tribunal

ITAT: Upholds assessee’s corporate guarantee commission at 0.75% as ALP; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-573-ITAT-2019(Mum)-TP
  • Tax Payer : Wockhardt Ltd
Income tax Appellate Tribunal

ITAT: Upholds intra-group services TP-adjustment absent proof of service rendition; Follows Volvo, 3M rulings

  • In Favour of Revenue
  • Citation Number : TS-571-ITAT-2019(CHNY)-TP
  • Tax Payer : Andritz Separation and Pump Technologies India Pvt Ltd
High Court

HC: Declines Revenue's plea to admit additional questions on comparables selection for Goldman-Sachs

  • In Favour of Assessee
  • Citation Number : TS-570-HC-2019(BOM)-TP
  • Tax Payer : Goldman Sachs (India) Securities Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on corporate guarantee; Rejects credit risk adjustment for AE-loan

  • In Favour of Both, Partially
  • Citation Number : TS-569-ITAT-2019(Ahd)-TP
  • Tax Payer : Torrent Pharmaceuticals Ltd
Income tax Appellate Tribunal

ITAT: Holds royalty payments approved by RBI at ALP; Deletes TP-adjustment following precedents

  • In Favour of Assessee
  • Citation Number : TS-568-ITAT-2019(Mum)-TP
  • Tax Payer : Dow Agrosciences Pvt Ltd
High Court

HC:Dismisses Revenue’s-appeal; Upholds ITAT-decision including/excluding comparables

  • In Favour of Assessee
  • Citation Number : TS-567-HC-2019(BOM)-TP
  • Tax Payer : John Deere India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for software-developer; Holds +/-5% benefit only a tolerance range

  • In Favour of Both, Partially
  • Citation Number : TS-566-ITAT-2019(Mum)-TP
  • Tax Payer : Dun & Bradstreet Information Services India Private Limited
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on marketing & administrative intra-group services; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-565-ITAT-2019(PUN)-TP
  • Tax Payer : Rehau Polymers Pvt Ltd
Income tax Appellate Tribunal

ITAT: Permits aggregation of closely-linked engineering design segments having common administration/ management control

  • In Favour of Assessee
  • Citation Number : TS-564-ITAT-2019(Mum)-TP
  • Tax Payer : Emerson Electric Company (India) Private Limited
Income tax Appellate Tribunal

ITAT: Allows capacity utilization adjustment; Upholds application of RPT-filter to exclude 3 companies

  • In Favour of Assessee
  • Citation Number : TS-563-ITAT-2019(PUN)-TP
  • Tax Payer : Skoda Auto India Pvt Ltd