Rulings ( 11978 results )

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Income tax Appellate Tribunal

ITAT:Confirms TP-adjustment deletion on re-characterization of outbound share-investment into loan; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-63-ITAT-2019(Mum)-TP
  • Tax Payer : Topsgroup Electronic Systems Ltd
High Court

HC:Directs ITAT to examine AMP-issue rather than mechanically remitting matter to TPO

  • In Favour of Both, Partially
  • Citation Number : TS-62-HC-2019(DEL)-TP
  • Tax Payer : Bose Corporation India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects time-barred miscellaneous petition, non-finalization of counsel not reasonable cause

  • In Favour of Revenue
  • Citation Number : TS-60-ITAT-2019(Bang)-TP
  • Tax Payer : Karuturi Global Ltd
Income tax Appellate Tribunal

ITAT: Excludes channel owners, includes software distributors as comparables for TV channel-distributor; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-59-ITAT-2019(DEL)-TP
  • Tax Payer : Turner International India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts foreign-AE as tested party for IT/ITeS provider; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-58-ITAT-2019(CHANDI)-TP
  • Tax Payer : IDS Infotech Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment for denovo adjudication citing non-consideration of assessee’s comparables

  • In Favour of Assessee
  • Citation Number : TS-57-ITAT-2019(Mum)-TP
  • Tax Payer : Hettich Competence Services Private Limited
High Court

HC: Upholds TNMM over CUP for benchmarking AE-exports & sales commission; Follows earlier-orders

  • In Favour of Assessee
  • Citation Number : TS-56-HC-2019(BOM)-TP
  • Tax Payer : Amphenol Interconnect India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds bad/doubtful-debts provisions, operating item, Directs no negative working-capital adjustment for ITeS-provider

  • In Favour of Assessee
  • Citation Number : TS-55-ITAT-2019(HYD)-TP
  • Tax Payer : Harsco India Services Private Limited
High Court

HC:Quashes reopening beyond 4 years, cites complete disclosure of international transactions by assessee

  • In Favour of Assessee
  • Citation Number : TS-1427-HC-2018(GUJ)-TP
  • Tax Payer : TUDOR INDIA PVT LTD
Income tax Appellate Tribunal

ITAT: Excludes Bodhtree, Infosys, Persistent & Tata-Elxsi citing functional dissimilarity to software-developer

  • In Favour of Assessee
  • Citation Number : TS-54-ITAT-2019(Bang)-TP
  • Tax Payer : Toshiba Software India Private Limited
Income tax Appellate Tribunal

ITAT:Rules on comparables for software-developer; Remits various adjustments under SIM-card assembly segment

  • In Favour of Both, Partially
  • Citation Number : TS-1426-ITAT-2018(DEL)-TP
  • Tax Payer : Giesecke & Devrient India Pvt. Ltd
Income tax Appellate Tribunal

ITAT:Upholds exclusion of Infosys Technologies citing high turnover, functional dissimilarity; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-53-ITAT-2019(HYD)-TP
  • Tax Payer : Virtusa (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs selection of different comparables for manufacture & sale; Remits ALP-determination

  • In Favour of Assessee
  • Citation Number : TS-52-ITAT-2019(HYD)-TP
  • Tax Payer : Tecumseh Products India Private Limited
Income tax Appellate Tribunal

ITAT:Directs consideration of average collection period for TP-adjustment on outstanding AE-receivables

  • In Favour of Both, Partially
  • Citation Number : TS-51-ITAT-2019(HYD)-TP
  • Tax Payer : Netcracker Technology Solutions (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Applies Rs.1-200cr turnover-filter, rejects companies without current-year data during IT-provider’s comparables selection

  • In Favour of Assessee
  • Citation Number : TS-50-ITAT-2019(DEL)-TP
  • Tax Payer : Contata Solutions Pvt Ltd
Supreme Court

SC: Dismisses McKinsey India’s SLP; HC upheld its research & information service characterization as KPO

  • In Favour of Revenue
  • Citation Number : TS-49-SC-2019-TP
  • Tax Payer : Mckinsey Knowledge Centre India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds write-back of gratuity/ leave-entitlement provisions, operating item; Remits comparables for ITeS-provider

  • In Favour of Both, Partially
  • Citation Number : TS-48-ITAT-2019(PUN)-TP
  • Tax Payer : Cummins Turbo Technologies Limited
High Court

HC:Partially allows assessee’s writ; Cites ITAT’s non-application of mind while rejecting stay

  • In Favour of Assessee
  • Citation Number : TS-1425-HC-2018(KAR)-TP
  • Tax Payer : Rittal India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Excludes 8 comparables for ITeS provider; Follows Pole-to-Win over TESCO Hindustan ruling

  • In Favour of Assessee
  • Citation Number : TS-47-ITAT-2019(Bang)-TP
  • Tax Payer : IHS Global P. Ltd, (formerly IHS Parts Management P. Ltd)
Income tax Appellate Tribunal

ITAT:Quashes final assessment order passed sans draft order post-remand; Follows Lionbridge HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-42-ITAT-2019(PUN)-TP
  • Tax Payer : Brintons Carpets Asia Private Limited