Rulings ( 11978 results )

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Income tax Appellate Tribunal

ITAT: Restores grounds on capacity utilization adjustment and treatment Forex gain as operating income

  • In Favour of Both, Partially
  • Citation Number : TS-183-ITAT-2019(DEL)-TP
  • Tax Payer : SD Bio Standard Diagnostic Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits royalty issue; Rejects assessee’s TP-study as mere ‘eyewash’, cites inappropriate database, filters

  • In Favour of Both, Partially
  • Citation Number : TS-181-ITAT-2019(DEL)-TP
  • Tax Payer : Vodafone India Limited
Income tax Appellate Tribunal

ITAT: Restores TP-adjustment on AE receivables, cites non-consideration of addendum to main agreement

  • In Favour of Both, Partially
  • Citation Number : TS-180-ITAT-2019(CHANDI)-TP
  • Tax Payer : Quark Media House India Pvt Ltd (Now known as QC Residential Private Limited)
Income tax Appellate Tribunal

ITAT: Classifies Microsoft-corp as low-end marketing support service provider; Rejects ICRA, CRISIL as comparables

  • In Favour of Assessee
  • Citation Number : TS-179-ITAT-2019(DEL)-TP
  • Tax Payer : Microsoft Corporation (India) Private Ltd
High Court

HC: Lays down law on TPO’s jurisdiction to examine SDT absent AO’s reference

  • In Favour of Both, Partially
  • Citation Number : TS-178-HC-2019(BOM)-TP
  • Tax Payer : Times Global Broadcasting Company Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment on FCCDs interest; Follows earlier-orders

  • In Favour of Assessee
  • Citation Number : TS-177-ITAT-2019(DEL)-TP
  • Tax Payer : Granite Gate Properties Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal; Upholds ITAT-order excluding functionally dissimilar Bodhtree Consulting

  • In Favour of Assessee
  • Citation Number : TS-176-HC-2019(BOM)-TP
  • Tax Payer : Lionbridge Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants stay; Wrong Tribunal-directions binding on DRP when appellate remedies not availed

  • In Favour of Assessee
  • Citation Number : TS-175-ITAT-2019(CHNY)-TP
  • Tax Payer : Young Buhmwoo India Co Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Dismisses miscellaneous application; Tribunal-order clear on segmental results consideration for comparables selection

  • In Favour of Revenue
  • Citation Number : TS-173-ITAT-2019(HYD)-TP
  • Tax Payer : Cura Technologies Limited
Income tax Appellate Tribunal

ITAT:Quashes draft-order passed without following Sec 144C mandate; Follows Eaton-Fluid, distinguishes Skylight ruling

  • In Favour of Assessee
  • Citation Number : TS-172-ITAT-2019(CHNY)-TP
  • Tax Payer : Shri. Chandanmal Nagaraj
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on corporate guarantee, interest-free AE-loan; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-171-ITAT-2019(Ahd)-TP
  • Tax Payer : Adani Ports and Special Economic Zone Ltd
Income tax Appellate Tribunal

ITAT: Upholds manufacturer assessee’s 3 royalty payment at ALP; Follows earlier-orders

  • In Favour of Assessee
  • Citation Number : TS-170-ITAT-2019(Ahd)-TP
  • Tax Payer : Hitachi Home & Life Solution (India) Ltd
Income tax Appellate Tribunal

ITAT: Revenue’s challenge against AMP-expenses when TP-issues attained finality amounts to re-opening, prohibited u/s 92CA(2C)

  • In Favour of Assessee
  • Citation Number : TS-169-ITAT-2019(Mum)-TP
  • Tax Payer : Star India Pvt. Ltd.
Income tax Appellate Tribunal

ITAT:Upholds CIT(A)-order directing segmental margin verification; Rejects Revenue’s new plea challenging expense-allocation

  • In Favour of Assessee
  • Citation Number : TS-168-ITAT-2019(Ahd)-TP
  • Tax Payer : Sabic Innovative Plastics India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adopts same comparables for assessee-transferor as finalized for transferee pursuant to slump-sale

  • In Favour of Assessee
  • Citation Number : TS-167-ITAT-2019(Mum)-TP
  • Tax Payer : Tech Mahindra Business Services Ltd. (formerly known as Hutchison Global Services Private Limited)
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment on intra-group services and interest on AE-loan; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-1459-ITAT-2018(DEL)-TP
  • Tax Payer : BG Exploration & Production India Ltd
Income tax Appellate Tribunal

ITAT: Fixes LIBOR +150 bps as AE-loan interest benchmark; Rejects interest enhancement by 4 risk-margin

  • In Favour of Assessee
  • Citation Number : TS-166-ITAT-2019(Mum)-TP
  • Tax Payer : Thirumalai Chemicals Ltd
Income tax Appellate Tribunal

ITAT:Remits ground challenging AO’s TPO-reference when international transaction quantum < 15cr

  • In Favour of Both, Partially
  • Citation Number : TS-165-ITAT-2019(Ahd)-TP
  • Tax Payer : GMM Pfaudler Limited
Income tax Appellate Tribunal

ITAT: Allows Revenue’s miscellaneous application, corrects error by directing exclusion of Akshay Technologies

  • In Favour of Revenue
  • Citation Number : TS-164-ITAT-2019(PUN)-TP
  • Tax Payer : Amber Point Technology India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes protective AMP-adjustment following earlier-order; Remits TP-adjustment on co-ordination support services

  • In Favour of Assessee
  • Citation Number : TS-163-ITAT-2019(DEL)-TP
  • Tax Payer : MSD Pharmaceuticals Pvt Ltd