Rulings ( 11978 results )

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Income tax Appellate Tribunal

ITAT: Excludes Eclerx, Accentia, Informed Technologies for ITES-provider; Allows risk adjustment 20%

  • In Favour of Assessee
  • Citation Number : TS-229-ITAT-2019(PUN)-TP
  • Tax Payer : Brintons Carpets Asia Pvt Ltd
High Court

HC: Upholds US-MAP margin application to non-US transactions, considers similar approach in APA

  • In Favour of Assessee
  • Citation Number : TS-228-HC-2019(BOM)-TP
  • Tax Payer : J.P. Morgan Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Sec 271BA-penalty ‘discretionary’; Deletes penalty as Form 3CEB, though not filed electronically, furnished during assessment

  • In Favour of Assessee
  • Citation Number : TS-227-ITAT-2019(CHANDI)-TP
  • Tax Payer : Shree Ram Dass Rice & General Mills
Income tax Appellate Tribunal

ITAT: Fixes Corporate Guarantee commission at 0.5%; Follows Everest Kanto HC-Ruling

  • In Favour of Assessee
  • Citation Number : TS-226-ITAT-2019(Mum)-TP
  • Tax Payer : Western Refrigeration Pvt Ltd
Income tax Appellate Tribunal

ITAT:Restores ALP-determination for marketing and research support services; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-225-ITAT-2019(Mum)-TP
  • Tax Payer : RBS Equities India Ltd
Income tax Appellate Tribunal

ITAT: Accepts LIBOR for AE-loan, rejects internal-CUP for royalty benchmarking; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-224-ITAT-2019(Mum)-TP
  • Tax Payer : Marico Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustments on investment in AE’s shares and corporate guarantee; Follows earlier- order

  • In Favour of Assessee
  • Citation Number : TS-223-ITAT-2019(Kol)-TP
  • Tax Payer : TCG Lifesciences Pvt Limited (Formerly TCG Lifesciences Limited)
Income tax Appellate Tribunal

ITAT: Includes 2 comparables but no TP-adjustment warranted as margin within 5% tolerance-range

  • In Favour of Revenue
  • Citation Number : TS-221-ITAT-2019(PUN)-TP
  • Tax Payer : Sungard Solutions Software (I) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Admits additional evidence; Restores TP-adjustment on FCCD-interest to AO/TPO

  • In Favour of Both, Partially
  • Citation Number : TS-196-ITAT-2019(DEL)-TP
  • Tax Payer : Red Fort Shahjahan Properties Pvt
Income tax Appellate Tribunal

ITAT:Accepts assessee’s cost allocation for support services following precedents; Deletes TP-adjustment on reimbursement

  • In Favour of Assessee
  • Citation Number : TS-195-ITAT-2019(Mum)-TP
  • Tax Payer : Jabil Circuit India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Includes 4 and excludes 2 comparables for investment advisor; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-194-ITAT-2019(Mum)-TP
  • Tax Payer : Tata Asset Management Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on corporate guarantee absent specific cost incurrence; Third-party quotation not valid CUP

  • In Favour of Both, Partially
  • Citation Number : TS-193-ITAT-2019(Ahd)-TP
  • Tax Payer : Adani Enterprise Limited
Income tax Appellate Tribunal

ITAT: Examines ‘3-year period’ for qualifying as loss-making comparable; Deletes management fees TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-192-ITAT-2019(Ahd)-TP
  • Tax Payer : Sabic Innovative Plastics India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes Sec 271G penalty recognizing diamond dealer’s practical difficulties to furnish segmental details

  • In Favour of Assessee
  • Citation Number : TS-191-ITAT-2019(Mum)-TP
  • Tax Payer : Leo Schachter Diamonds India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes interest adjustment applying rule of consistency, rejects TPO’s comparable citing differences

  • In Favour of Assessee
  • Citation Number : TS-190-ITAT-2019(Ahd)-TP
  • Tax Payer : Mundra International Container Terminal Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes AMP-adjustment considering assessee-manufacturer’s margin (even after excluding AMP-expenses) higher than comparables

  • In Favour of Assessee
  • Citation Number : TS-189-ITAT-2019(DEL)-TP
  • Tax Payer : Pernod Ricard [India] Pvt Ltd [Formerly known as Seagram India Pvt Ltd]
Income tax Appellate Tribunal

ITAT: Excludes broadcasting companies for content producer; Upholds assessee’s CUP for distribution-segment

  • In Favour of Assessee
  • Citation Number : TS-187-ITAT-2019(Mum)-TP
  • Tax Payer : Viacom 18 Media Pvt Ltd (formerly M/s. MTV Network India Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s miscellaneous-petition; Upholds Instrumentation Corporation ruling reliance for adjudicating stressed AE-loan TP-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-186-ITAT-2019(Mum)-TP
  • Tax Payer : Laqshya Media Limited [earlier known as Laqshya Media Pvt. Ltd.]
Income tax Appellate Tribunal

ITAT:Excludes Celestial labs, Oilfied for pharma company citing functional-dissimilarity; Grants working-capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-185-ITAT-2019(Bang)-TP
  • Tax Payer : Apotex Pharmachem India P Ltd
Income tax Appellate Tribunal

ITAT: Upholds Rs.200cr turnover filter application; Distinguishes Revenue’s reliance on Acusis HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-184-ITAT-2019(Bang)-TP
  • Tax Payer : Northern Operating Services