Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on technical know-how capitalized in books; Rejects ALP-determination on ‘gross-receipts’

  • In Favour of Both, Partially
  • Citation Number : TS-1484-ITAT-2018(PUN)-TP
  • Tax Payer : Chemetall Rai India Limited
Income tax Appellate Tribunal

ITAT: Upholds TNMM over CUP for exports absent justification for rejecting consistently applied method

  • In Favour of Assessee
  • Citation Number : TS-465-ITAT-2019(Mum)-TP
  • Tax Payer : Glenmark Pharmaceuticals Ltd
Income tax Appellate Tribunal

ITAT: Remits AMP-adjustment; Directs DRP to pass speaking order on marketing support TP-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-464-ITAT-2019(DEL)-TP
  • Tax Payer : Yum Restaurant India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds TPO’s entity level comparison under TNMM for SDT of inter-unit transfers

  • In Favour of Both, Partially
  • Citation Number : TS-463-ITAT-2019(DEL)-TP
  • Tax Payer : Sheela Foams Ltd
Income tax Appellate Tribunal

ITAT:Allows assessee's appeal; Directs CIT(A) to hear assessee afresh on TP-adjustment issue

  • In Favour of Assessee
  • Citation Number : TS-462-ITAT-2019(CHNY)-TP
  • Tax Payer : Globus Medical India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds assessee’s CUP for royalty payment; Excludes foreign exchange gain in PLI-computation

  • In Favour of Both, Partially
  • Citation Number : TS-461-ITAT-2019(Kol)-TP
  • Tax Payer : DIC India Ltd
Income tax Appellate Tribunal

ITAT: Adopts TNMM over CUP for indenting transactions, cites differences in geographies, volume, market

  • In Favour of Both, Partially
  • Citation Number : TS-460-ITAT-2019(DEL)-TP
  • Tax Payer : Sumitomo Corporation India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-addition , accepts internal-CUP for benchmarking raw-material purchase for drug-intermediate manufacturer

  • In Favour of Assessee
  • Citation Number : TS-459-ITAT-2019(DEL)-TP
  • Tax Payer : Otsuka Chemical (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables for software developer; Follows PubMatic India ruling

  • In Favour of Assessee
  • Citation Number : TS-458-ITAT-2019(PUN)-TP
  • Tax Payer : Synerzip Softech India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables-selection; Grants risk, working capital adjustments to IT/ITeS provider

  • In Favour of Both, Partially
  • Citation Number : TS-457-ITAT-2019(PUN)-TP
  • Tax Payer : BMC Software India Private Limited
Income tax Appellate Tribunal

ITAT: Approves cash-PLI, directs assessee to establish depreciation variance; Rejects capacity-adjustment plea

  • In Favour of Both, Partially
  • Citation Number : TS-456-ITAT-2019(Bang)-TP
  • Tax Payer : Snecma HAL Aerospace Pvt Ltd
Income tax Appellate Tribunal

ITAT: Includes Cyber Media Research as comparable for investment advisor; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-455-ITAT-2019(Mum)-TP
  • Tax Payer : Standard Chartered Private Equity Advisory India Private Limited
Income tax Appellate Tribunal

ITAT:Admits additional evidence & remits royalty TP-adjustment; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-1483-ITAT-2018(DEL)-TP
  • Tax Payer : CRM Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes Sec 271(1)(c) penalty as TP-adjustment on sale transaction deleted in quantum appeal

  • In Favour of Assessee
  • Citation Number : TS-454-ITAT-2019(Ahd)-TP
  • Tax Payer : Gulbrandsen Chemicals Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal; Upholds exclusion of 10 comparables for ITeS provider

  • In Favour of Assessee
  • Citation Number : TS-453-HC-2019(DEL)-TP
  • Tax Payer : Evalueserve.com Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal; Upholds exclusion of CAT Technologies citing functional dissimilarity

  • In Favour of Assessee
  • Citation Number : TS-452-HC-2019(DEL)-TP
  • Tax Payer : Opera Solutions Management Consulting Services Pvt Ltd
High Court

HC: Finds no substantial question of law in Revenue’s appeal against ITAT’s comparables-selection

  • In Favour of Assessee
  • Citation Number : TS-451-HC-2019(DEL)-TP
  • Tax Payer : FIELDCORE SERVICES SOLUTION INTERNATIONAL INDIA PVT LTD
High Court

HC: Dismisses Revenue’s appeal challenging ITAT’s comparables-selection citing no substantial question of law

  • In Favour of Both, Partially
  • Citation Number : TS-450-HC-2019(DEL)-TP
  • Tax Payer : GRANITE SERVICES INTERNATIONAL INDIA PVT LTD
Income tax Appellate Tribunal

ITAT: Upholds TP-adjustment for entity availing Sec.10B tax-holiday; Treats FBT as operating item

  • In Favour of Both, Partially
  • Citation Number : TS-449-ITAT-2019(HYD)-TP
  • Tax Payer : Wissen Infotech Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes government company as comparable for channel distributor; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-448-ITAT-2019(Mum)-TP
  • Tax Payer : NGC Network (India) Pvt Ltd