Rulings ( 11978 results )

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High Court

HC:Upholds ITAT-order on comparables & treatment of additional interest on AE's margin-money

  • In Favour of Assessee
  • Citation Number : TS-24-HC-2019(BOM)-TP
  • Tax Payer : J P Morgan India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Restricts guarantee-fee ALP to 0.9%; Adopts LIBOR for benchmarking interest on AE-loan

  • In Favour of Assessee
  • Citation Number : TS-1397-ITAT-2018(Mum)-TP
  • Tax Payer : Technocraft Industries (India) Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables selection for Conexant Systems; Follows various rulings

  • In Favour of Both, Partially
  • Citation Number : TS-1396-ITAT-2018(HYD)-TP
  • Tax Payer : Conexant Systems Pvt Ltd
Supreme Court

SC:Sets-aside HC-order deleting consultancy charges TP-adjustment absent independent evaluation of Revenue’s case

  • In Favour of Both, Partially
  • Citation Number : TS-21-SC-2019-TP
  • Tax Payer : Reliance Industries Ltd
High Court

HC: Upholds ITAT-order invalidating final assessment-order passed without draft order post-remand; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-1395-HC-2018(DEL)-TP
  • Tax Payer : NT BACK OFFICE SERVICES PVT LTD (EARLIER KNOWN AS GLOBERIAN INDIA PVT. LTD.)
High Court

HC: Admits appeal against inclusion of 2 comparables for manufacturer-assessee

  • In Favour of Revenue
  • Citation Number : TS-1394-HC-2018(GUJ)-TP
  • Tax Payer : BUNDY INDIA LIMITED
High Court

HC: Dismisses Revenue’s appeal; Discusses principles on ‘substantial question of law’ for comparables-selection

  • In Favour of Assessee
  • Citation Number : TS-1393-HC-2018(MAD)-TP
  • Tax Payer : Saipem India Projects Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables for IT/ ITeS provider; Includes Infosys-BPO absent acquisition impacting profitability

  • In Favour of Both, Partially
  • Citation Number : TS-1392-ITAT-2018(Bang)-TP
  • Tax Payer : CGI Information Systems and Management Consultants Pvt Ltd
High Court

HC: Upholds ITAT-order deleting corporate guarantee TP-adjustment; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-1391-HC-2018(BOM)-TP
  • Tax Payer : Glenmark Pharmaceuticals Ltd
Income tax Appellate Tribunal

ITAT: Outstanding AE-receivables part of software-development services to AE; Separate ALP-determination not warranted

  • In Favour of Both, Partially
  • Citation Number : TS-1390-ITAT-2018(Bang)-TP
  • Tax Payer : Sunquest Information Systems (India) Pvt. Ltd
High Court

HC: Expresses doubt on ITAT invoking TP-mechanism absent AO’s directions while deciding Sec 36(1)(iii)-interest allowability

  • In Favour of Both, Partially
  • Citation Number : TS-20-HC-2019(BOM)-TP
  • Tax Payer : Piramal Glass Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs fresh benchmarking for software-services applying subsequent year’s scientifically correct methodology

  • In Favour of Both, Partially
  • Citation Number : TS-19-ITAT-2019(Bang)-TP
  • Tax Payer : Synova Innovative Technologies Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Allows technical-fees as revenue expenditure; Rejects Nil-ALP citing 'commensurate with income' test failure

  • In Favour of Assessee
  • Citation Number : TS-18-ITAT-2019(DEL)-TP
  • Tax Payer : Michelin India Tyres Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment sans prescribed method application; Upholds assessee's TNMM for intra-group services

  • In Favour of Assessee
  • Citation Number : TS-17-ITAT-2019(Mum)-TP
  • Tax Payer : CLSA India Private Ltd
Income tax Appellate Tribunal

ITAT: Confines TP-adjustment only to international transactions with AEs; Follows jurisdictional HC-rulings

  • In Favour of Assessee
  • Citation Number : TS-16-ITAT-2019(Mum)-TP
  • Tax Payer : Damco India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes AMP-adjustment for confectionary manufacturer; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-15-ITAT-2019(DEL)-TP
  • Tax Payer : Wrigley India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Restores adjustment on AE-receivables; Adopts LIBOR+ markup & 0.5% as AE-loan & guarantee ALP

  • In Favour of Assessee
  • Citation Number : TS-1123-ITAT-2017(Mum)-TP
  • Tax Payer : Piramal Glass Ltd (earlier known as ‘Gujarat Glass Pvt Ltd’)
Income tax Appellate Tribunal

ITAT:LG India economic owner of brand LG; Deletes AMP adjustment rejecting ‘international transaction’ plea

  • In Favour of Both, Partially
  • Citation Number : TS-14-ITAT-2019(DEL)-TP
  • Tax Payer : L.G. Electronics India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Deletes Sony-India’s AMP-adjustment; MA pendency against Sony-Ericsson ruling insufficient for contrary view

  • In Favour of Assessee
  • Citation Number : TS-13-ITAT-2019(DEL)-TP
  • Tax Payer : Sony India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits comparables issue for ornamental-trimmings manufacturer, directs selection of similar product companies

  • In Favour of Both, Partially
  • Citation Number : TS-12-ITAT-2019(CHNY)-TP
  • Tax Payer : India Trimmings P Ltd