Rulings ( 11978 results )

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Income tax Appellate Tribunal

ITAT: Holds interest on outstanding AE-receivables not international transaction pre-2012 amendment

  • In Favour of Assessee
  • Citation Number : TS-322-ITAT-2019(HYD)-TP
  • Tax Payer : Ivy Comptech Private Ltd
Income tax Appellate Tribunal

ITAT:Excludes 1, remits 2 comparables for manning services provider for sea-going vessels

  • In Favour of Both, Partially
  • Citation Number : TS-321-ITAT-2019(Mum)-TP
  • Tax Payer : Teekay Shipping India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adopts LIBOR over PLR to benchmark interest receivable from Swiss-AE; Follows Cotton Naturals

  • In Favour of Assessee
  • Citation Number : TS-320-ITAT-2019(DEL)-TP
  • Tax Payer : Dharampal Satyapal Ltd
Income tax Appellate Tribunal

ITAT: Rejects Nil ALP determination for technical assistance & project management fees, remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-319-ITAT-2019(PUN)-TP
  • Tax Payer : Tata BlueScope Steel Ltd
Income tax Appellate Tribunal

ITAT: Adopts LIBOR + 0.5% for benchmarking interest on outstanding AE-receivables

  • In Favour of Assessee
  • Citation Number : TS-318-ITAT-2019(Mum)-TP
  • Tax Payer : Essar Power Ltd
Income tax Appellate Tribunal

ITAT:Excludes TPO’s comparables, remits all comparables selected by assessee for fresh analysis

  • In Favour of Assessee
  • Citation Number : TS-317-ITAT-2019(DEL)-TP
  • Tax Payer : Brown Forman Worldwide LLC-India
High Court

HC: Retains 2 comparables for investment-advisor; Dismisses ground on investment monitoring mark-up

  • In Favour of Assessee
  • Citation Number : TS-316-HC-2019(BOM)-TP
  • Tax Payer : Temasek Holdings Advisors India Pvt Ltd
High Court

HC: Upholds ITAT’s exclusion of 2 functionally dissimilar comparables following Behr India ruling

  • In Favour of Assessee
  • Citation Number : TS-315-HC-2019(BOM)-TP
  • Tax Payer : Dona India Technical Centre Pvt Ltd
Income tax Appellate Tribunal

ITAT: Tribunal’s appeal dismissal erroneous considering assessee’s Form 36B filing mentioning amalgamated company name

  • In Favour of Assessee
  • Citation Number : TS-314-ITAT-2019(Bang)-TP
  • Tax Payer : EADS India Pvt. Ltd (Now known as Airbus Group India Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Rectifies Tribunal-order; Directs AO to consider forex-gain as operating item following precedents

  • In Favour of Assessee
  • Citation Number : TS-313-ITAT-2019(Bang)-TP
  • Tax Payer : Evolving Systems Network India Pvt. Ltd
Income tax Appellate Tribunal

ITAT:Remits characterization of assessee’s services as ITeS, contract R&D; Follows earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-312-ITAT-2019(Bang)-TP
  • Tax Payer : Continental Automotive Components (India) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: TP-adjustment cannot exceed amount of margin retained by AE; Rules on comparable

  • In Favour of Assessee
  • Citation Number : TS-311-ITAT-2019(DEL)-TP
  • Tax Payer : Omniglobe Information Technologies (I) Pvt. Ltd
Income tax Appellate Tribunal

ITAT:Rules on comparables-selection for IT, ITeS, business & marketing support-segments; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-310-ITAT-2019(PUN)-TP
  • Tax Payer : Eaton Technologies Private Limited
Income tax Appellate Tribunal

ITAT: Directs individual AE,non-AE transaction margin comparison for benchmarking contract project revenue

  • In Favour of Assessee
  • Citation Number : TS-309-ITAT-2019(Ind)-TP
  • Tax Payer : Andritz Hydro Private Limited
Income tax Appellate Tribunal

ITAT: Rejects re-characterization of share application money pending allotment as loan; Follows Vodafone

  • In Favour of Assessee
  • Citation Number : TS-308-ITAT-2019(DEL)-TP
  • Tax Payer : Unitech Limited
Income tax Appellate Tribunal

ITAT: Deletes BLT-based protective AMP-adjustment for distributor; Directs reimbursements reduction from operating cost

  • In Favour of Assessee
  • Citation Number : TS-307-ITAT-2019(DEL)-TP
  • Tax Payer : Sony Mobile Communications India Private Ltd
Income tax Appellate Tribunal

ITAT:Excludes seismic surveyor, project management consultant as comparables for engineering design/drawing service-provider

  • In Favour of Assessee
  • Citation Number : TS-306-ITAT-2019(DEL)-TP
  • Tax Payer : Siemens Power Engg Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds routine royalty expenditure, doubtful debts provision as operating items; Rejects risk-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-305-ITAT-2019(DEL)-TP
  • Tax Payer : ST Microelectronics Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes Sonata, E-Infochips, Infinite, Infosys for captive software-developer; Grants working capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-304-ITAT-2019(DEL)-TP
  • Tax Payer : Kaplan India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 functionally dissimilar comparables for captive software provider; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-303-ITAT-2019(DEL)-TP
  • Tax Payer : Kaplan India Pvt Ltd