Rulings ( 11978 results )

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Income tax Appellate Tribunal

ITAT: Accepts foreign AE, being least complex party, as tested party; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-302-ITAT-2019(Kol)-TP
  • Tax Payer : Almatis Alumina Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Rejects CUP, holds TNMM as MAM; Remits comparables selection, follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-1119-ITAT-2016(Bang)-TP
  • Tax Payer : Mercedes Benz Research & Development India Pvt. Ltd., (Earlier known as Daimler Chrysler Research Tech. Ind. Pvt. Ltd)
Income tax Appellate Tribunal

ITAT:Remits TP-issues to consider assessee’s additional evidence; Directs TP-adjustment restriction to international-transactions

  • In Favour of Assessee
  • Citation Number : TS-301-ITAT-2019(CHNY)-TP
  • Tax Payer : Valeo Lighting Systems India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s appeal on AMP-adjustment as issue already decided in assessee’s appeal

  • In Favour of Assessee
  • Citation Number : TS-1478-ITAT-2018(Bang)-TP
  • Tax Payer : Essilor India Pvt.Ltd
Income tax Appellate Tribunal

ITAT: Remits Sec 271G-penalty issue absent CIT(A)’s findings on assessee’s ‘reasonable cause’ plea

  • In Favour of Both, Partially
  • Citation Number : TS-300-ITAT-2019(Bang)-TP
  • Tax Payer : Unibic foods India Pvt Ltd (Formerly known as Unibic Biscuits India Pvt. Ltd)
Income tax Appellate Tribunal

ITAT: Rectifies Tribunal-order; Specifies RPT filter failure as ground for excluding Softsol India

  • In Favour of Revenue
  • Citation Number : TS-1477-ITAT-2018(Bang)-TP
  • Tax Payer : Verisign Service India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Admits additional ground; Restores capacity utilization adjustment for assessee manufacturer

  • In Favour of Assessee
  • Citation Number : TS-299-ITAT-2019(CHNY)-TP
  • Tax Payer : Triumph International (I) P Ltd
Income tax Appellate Tribunal

ITAT:Forex fluctuation operating in first year of operation; Mercedes Benz ruling inapplicable

  • In Favour of Both, Partially
  • Citation Number : TS-298-ITAT-2019(Bang)-TP
  • Tax Payer : Cisco Development (India) P Ltd
Income tax Appellate Tribunal

ITAT:Quashes assessment as AO failed to pass final-order within time prescribed u/s 153(4)

  • In Favour of Assessee
  • Citation Number : TS-297-ITAT-2019(PUN)-TP
  • Tax Payer : Persistent Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Restores TP-adjustments on overdue debtors, network related services/ IT-Infrastructure charges; Follows earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-296-ITAT-2019(Mum)-TP
  • Tax Payer : Atos India P Ltd
Income tax Appellate Tribunal

ITAT: Allows Revenue’s miscellaneous petition; Directs adjudication of 6 comparables not adjudicated by Tribunal

  • In Favour of Revenue
  • Citation Number : TS-295-ITAT-2019(Bang)-TP
  • Tax Payer : Autodesk India P Ltd
Income tax Appellate Tribunal

ITAT:Foreign LLP not “eligible assessee” u/s 144C(15)(b); Quashes draft, final assessment orders

  • In Favour of Revenue
  • Citation Number : TS-294-ITAT-2019(Mum)-TP
  • Tax Payer : Maquet Holdings B V & Co
Income tax Appellate Tribunal

ITAT: Directs AO to re-determine guarantee fee ALP by following directions in earlier-order

  • In Favour of Assessee
  • Citation Number : TS-293-ITAT-2019(Mum)-TP
  • Tax Payer : Tata Autocomp Systems Ltd
Income tax Appellate Tribunal

ITAT: Upholds CUP method with commission rate of Laxmi Machines Works as comparable

  • In Favour of Assessee
  • Citation Number : TS-292-ITAT-2019(PUN)-TP
  • Tax Payer : Rieter India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Applies margin of transactions with USA/UK AE under MAP to other transactions

  • In Favour of Both, Partially
  • Citation Number : TS-291-ITAT-2019(DEL)-TP
  • Tax Payer : IBM Daksh Business Process Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparable selection for ITES provider; Stresses on functional comparability

  • In Favour of Assessee
  • Citation Number : TS-290-ITAT-2019(Mum)-TP
  • Tax Payer : Hapad Lloyd Global Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Prefers internal-CUP over TNMM for benchmarking drug manufacturer's export transactions

  • In Favour of Revenue
  • Citation Number : TS-289-ITAT-2019(Mum)-TP
  • Tax Payer : UCB India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Adopts LIBOR for benchmarking interest on overdue trade receivables; Follows Cotton Naturals

  • In Favour of Assessee
  • Citation Number : TS-288-ITAT-2019(DEL)-TP
  • Tax Payer : Apollo International Ltd
Income tax Appellate Tribunal

ITAT: Remits comparables selection with directions to DRP to pass reasoned/ speaking order

  • In Favour of Revenue
  • Citation Number : TS-287-ITAT-2019(Bang)-TP
  • Tax Payer : Webex Communications India P. Ltd
Income tax Appellate Tribunal

ITAT:Rectification order on turnover-filter not brought to Tribunal’s notice; Recalls appeal

  • In Favour of Revenue
  • Citation Number : TS-286-ITAT-2019(CHNY)-TP
  • Tax Payer : Socomec Innovative Power Solutions Pvt. Ltd