Rulings ( 11978 results )

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Income tax Appellate Tribunal

ITAT:No hearing opportunity necessary before TPO-reference despite amendment to Sec 92CA(4)

  • In Favour of Revenue
  • Citation Number : TS-268-ITAT-2019(Bang)-TP
  • Tax Payer : Engie Energy and Services India Pvt Ltd (formerly GDF Suez Energy India Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Modifies Tribunal-order to clarify reliance on Commscope, Saxo ruling for E-Infochips exclusion

  • In Favour of Revenue
  • Citation Number : TS-267-ITAT-2019(Bang)-TP
  • Tax Payer : Finastra Software Solutions India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds exclusion of Excel Infoways for ITeS-provider; Follows Emerson Climate ruling

  • In Favour of Assessee
  • Citation Number : TS-266-ITAT-2019(PUN)-TP
  • Tax Payer : Credit Pointe Services Pvt Ltd
Income tax Appellate Tribunal

ITAT:Accepts cost allocation of project expenses; Relies on auditor’s certification absent proven infirmities

  • In Favour of Assessee
  • Citation Number : TS-265-ITAT-2019(DEL)-TP
  • Tax Payer : Bramco WLL
Income tax Appellate Tribunal

ITAT: Huge AMP-expenses not ground to infer ‘international transaction’ presence; Deletes adjustment

  • In Favour of Assessee
  • Citation Number : TS-264-ITAT-2019(DEL)-TP
  • Tax Payer : Moet Hennessy India Private Ltd
Income tax Appellate Tribunal

ITAT:Prefers TNMM over CUP for benchmarking trading transactions; Deletes outstanding AE-receivables TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-263-ITAT-2019(CHNY)-TP
  • Tax Payer : Gimpex Private Ltd
Income tax Appellate Tribunal

ITAT:Dismisses assessee’s miscellaneous applications; ITAT rightly remitted TP-issues citing cryptic CIT(A) order

  • In Favour of Revenue
  • Citation Number : TS-1470-ITAT-2018(Kol)-TP
  • Tax Payer : Steel Plus Limited
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment on outstanding AE-receivables to determine comparables' average collection period

  • In Favour of Both, Partially
  • Citation Number : TS-262-ITAT-2019(HYD)-TP
  • Tax Payer : Value Labs Technologies
Income tax Appellate Tribunal

ITAT: Upholds TP-adjustment restriction to international transactions; Follows HC rulings

  • In Favour of Assessee
  • Citation Number : TS-1469-ITAT-2018(Kol)-TP
  • Tax Payer : IBM Business Consulting Service Pvt. Ltd
Income tax Appellate Tribunal

ITAT:Dismisses assessee’s appeal considering TP-issues resolved under unilateral-APA

  • In Favour of Assessee
  • Citation Number : TS-261-ITAT-2019(Bang)-TP
  • Tax Payer : Sony India Software Centre Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds re-characterization of subsidy from AE as service income; Accepts external CUP

  • In Favour of Both, Partially
  • Citation Number : TS-260-ITAT-2019(DEL)-TP
  • Tax Payer : Tower Watson India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Additions in final-order, not proposed in draft-order, unsustainable; Deletes corporate guarantee TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-259-ITAT-2019(VIZ)-TP
  • Tax Payer : GVK Power & Infrastructure Ltd
Income tax Appellate Tribunal

ITAT: Excludes TCS E-Serve for ITeS-provider; Deletes TP-addition to book profits u/s 115JB

  • In Favour of Assessee
  • Citation Number : TS-258-ITAT-2019(DEL)-TP
  • Tax Payer : Integreon India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects CPM as MAM for benchmarking transactions in equipment division; Follows earlier-orders

  • In Favour of Assessee
  • Citation Number : TS-257-ITAT-2019(PUN)-TP
  • Tax Payer : Alfa Laval India Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-addition of 10 markup on expense reimbursement; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-256-ITAT-2019(HYD)-TP
  • Tax Payer : Monster com (India) Pvt Ltd
High Court

HC:Dismisses Revenue’s appeal on TP-issues absent perversity in ITAT’s fact finding process

  • In Favour of Assessee
  • Citation Number : TS-255-HC-2019(CAL)-TP
  • Tax Payer : AT & S India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-addition for freight forwarding service-provider as margin within 5% tolerance range

  • In Favour of Assessee
  • Citation Number : TS-254-ITAT-2019(DEL)-TP
  • Tax Payer : S-Net Freight (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Directs AO/TPO to allow working-capital adjustment for benchmarking imports by following DRP-directions

  • In Favour of Assessee
  • Citation Number : TS-253-ITAT-2019(Kol)-TP
  • Tax Payer : Dongfang Electric (India) Private Limited
Income tax Appellate Tribunal

ITAT: Holds outstanding AE-receivables, an international transaction, following Cotton Naturals; Remits benchmarking

  • In Favour of Both, Partially
  • Citation Number : TS-252-ITAT-2019(DEL)-TP
  • Tax Payer : Bridal Jewellery Mfg Co
Income tax Appellate Tribunal

ITAT: Quashes final assessment order passed without draft-order in remand proceedings; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-251-ITAT-2019(COCH)-TP
  • Tax Payer : Appollo Tyres