Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT:Depreciation an inseparable and integral part of operating-costs, rejects assessee’s cash-PLI plea

  • In Favour of Both, Partially
  • Citation Number : TS-540-ITAT-2019(PUN)-TP
  • Tax Payer : INA Bearings India Pvt. Ltd
Foreign Court

FC: US Appeals Court again overturns Altera decision, validates IRS-regulation requiring stock-based compensation costs sharing

  • In Favour of Revenue
  • Citation Number : TS-1249-FC-2019(USA)-TP
  • Tax Payer : Altera Corporation & Subsidiaries
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on exports, royalty, ECB, IS-services payments; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-539-ITAT-2019(Mum)-TP
  • Tax Payer : Firmenich Aromatics (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds internal-CUP, alternatively internal-TNMM for call center services; Rules on comparables

  • In Favour of Assessee
  • Citation Number : TS-538-ITAT-2019(Ahd)-TP
  • Tax Payer : Effective Teleservices Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-issues for software developer absent CIT(A)’s independent findings on comparables etc.

  • In Favour of Assessee
  • Citation Number : TS-537-ITAT-2019(CHNY)-TP
  • Tax Payer : Trimble Information Technologies India Private Limited
Income tax Appellate Tribunal

ITAT:AMP-spend sans agreement between assessee-AE, not international transaction, not subject to ALP-determination

  • In Favour of Assessee
  • Citation Number : TS-536-ITAT-2019(Mum)-TP
  • Tax Payer : Synthes Medical Pvt Ltd
Income tax Appellate Tribunal

ITAT: Sets-aside CIT(A)’s cryptic order on TP-issues; Directs CIT(A) to pass speaking order

  • In Favour of Both, Partially
  • Citation Number : TS-535-ITAT-2019(Bang)-TP
  • Tax Payer : ARM Embedded Technologies Private Limited
Income tax Appellate Tribunal

ITAT:Sets-aside assessment order; Draft order issued with demand, penalty notices invalid

  • In Favour of Assessee
  • Citation Number : TS-534-ITAT-2019(PUN)-TP
  • Tax Payer : Skoda Auto India Pvt Ltd
High Court

HC: Permits assessee to file another miscellaneous petition to rectify earlier defect

  • In Favour of Assessee
  • Citation Number : TS-533-HC-2019(KAR)-TP
  • Tax Payer : IDS SOFTWARE SOLUTIONS INDIA PRIVATE LTD
Income tax Appellate Tribunal

ITAT: Upholds segregation of intra-group services but rejects Nil-ALP under CUP-method; Remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-532-ITAT-2019(DEL)-TP
  • Tax Payer : Bucher Hydraulics P Ltd
Income tax Appellate Tribunal

ITAT: Determines corporate guarantee ALP at 0.5% following earlier-order; Remits ALP-determination

  • In Favour of Assessee
  • Citation Number : TS-531-ITAT-2019(Mum)-TP
  • Tax Payer : Apar Industries Limited
Income tax Appellate Tribunal

ITAT: Excludes 10, includes 2 and restores 4 comparables for captive software developer

  • In Favour of Both, Partially
  • Citation Number : TS-530-ITAT-2019(DEL)-TP
  • Tax Payer : ST-Ericcson India Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal; Confirms ITAT’s TP-adjustment deletion on interest on AE-loan

  • In Favour of Assessee
  • Citation Number : TS-527-HC-2019(BOM)-TP
  • Tax Payer : Hinduja Global Solutions Limited
High Court

HC: Dismisses Revenue’s appeal; Upholds ITAT's TP-adjustment restriction to international transaction by following precedents

  • In Favour of Assessee
  • Citation Number : TS-526-HC-2019(BOM)-TP
  • Tax Payer : Bunge India Pvt Ltd
High Court

HC:Questioning benefit from royalty payment not within TPO’s purview; Confirms TP-adjustment deletion

  • In Favour of Assessee
  • Citation Number : TS-525-HC-2019(BOM)-TP
  • Tax Payer : SI Group­India Limited
High Court

HC: Dismisses Revenue’s appeal challenging 3 comparables exclusion for software-developer; Follows Barclays HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-524-HC-2019(BOM)-TP
  • Tax Payer : Emptoris Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: AMP-expense, not international transaction, absent agreement/arrangement between assessee-AE; Rejects BLT, intensity adjustment

  • In Favour of Assessee
  • Citation Number : TS-523-ITAT-2019(CHANDI)-TP
  • Tax Payer : Widex India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits segregation of technical support transaction from business-support segment; Rules on comparables

  • In Favour of Assessee
  • Citation Number : TS-522-ITAT-2019(DEL)-TP
  • Tax Payer : Qualcomm India Pvt. Ltd
Income tax Appellate Tribunal

ITAT:Rejects DRP’s treatment of assessee’s fresh benchmarking report as unauthenticated; Remits issue

  • In Favour of Assessee
  • Citation Number : TS-521-ITAT-2019(Mum)-TP
  • Tax Payer : Mahindra Heavy Engines Pvt Ltd (Earlier Mahindra Navistar Engines Pvt. Ltd. and earlier to this MIM Engines India Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT:Applies international borrowing rate over AE-loan rate for working capital adjustment computation

  • In Favour of Assessee
  • Citation Number : TS-516-ITAT-2019(Kol)-TP
  • Tax Payer : Emami Limited