Rulings ( 11978 results )
Income tax Appellate Tribunal
ITAT: Comparables chosen in previous years cannot be “whimsically rejected” absent functional profile change
- In Favour of Assessee
- Citation Number : TS-1388-ITAT-2018(Mum)-TP
- Tax Payer : Basell Polyolefins India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Dismisses Revenue’s appeal on comparables selection issue in view of APA resolution
- In Favour of Assessee
- Citation Number : TS-1387-ITAT-2018(Bang)-TP
- Tax Payer : Fair Issac India Software Pvt Ltd
Income tax Appellate Tribunal
ITAT:Accepts RPM for retail trader at airports’ duty free shops; Follows earlier-order
- In Favour of Assessee
- Citation Number : TS-11-ITAT-2019(Mum)-TP
- Tax Payer : Airport Retail P Ltd (Formerly Known as M/s. Alpha Future Airport Retail P. Ltd.)
Income tax Appellate Tribunal
ITAT: Remits comparables for engineering design service-provider; Dismisses Revenue’s appeal citing low tax-effect
- In Favour of Assessee
- Citation Number : TS-1386-ITAT-2018(PUN)-TP
- Tax Payer : Carraro Technologies India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Excludes TCS e-Serve citing high turnover; Follows jurisdictional HC-ruling in Pentair over Chryscapital
- In Favour of Assessee
- Citation Number : TS-1385-ITAT-2018(Mum)-TP
- Tax Payer : Integreon Managed Solutions (India) Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Deletes AMP-adjustment for PepsiCo India absent brand building for AE; Follows earlier-order
- In Favour of Both, Partially
- Citation Number : TS-10-ITAT-2019(DEL)-TP
- Tax Payer : PepsiCo India Holdings Pvt Ltd
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustment on outstanding AE-receivables applying Kusum Healthcare ruling ratio
- In Favour of Assessee
- Citation Number : TS-1384-ITAT-2018(DEL)-TP
- Tax Payer : Orange Business Services India Solutions Pvt Ltd
Income tax Appellate Tribunal
ITAT:Adopts LIBOR/EURIBOR for benchmarking AE-loans lent in USD/EURO; Follows precedents
- In Favour of Assessee
- Citation Number : TS-1383-ITAT-2018(Mum)-TP
- Tax Payer : IL&FS Transportation Networks Limited
High Court
HC: Upholds LIBOR for benchmarking AE-loan & 0.5% as guarantee-commission ALP; Follows Everest Kanto
- In Favour of Assessee
- Citation Number : TS-1382-HC-2018(BOM)-TP
- Tax Payer : Manugraph India Ltd
Income tax Appellate Tribunal
ITAT:Adopts RPM over TNMM for benchmarking assessee’s trading activity; Follows earlier orders
- In Favour of Assessee
- Citation Number : TS-1381-ITAT-2018(Mum)-TP
- Tax Payer : Seminis Vegetable Seeds (India) Pvt Ltd(Merged with Monsanto Holdings Private Limited w.e.f. 01 Apri 2007)
High Court
HC:Upholds ITAT’s rejection of Revenue’s appeal against DRP’s revised-order for pre-2012 objections
- In Favour of Assessee
- Citation Number : TS-9-HC-2019(BOM)-TP
- Tax Payer : Nomura Services India P Ltd
High Court
HC: Directs no demand enforcement / refund adjustment w.r.t. Sony’s AMP-adjustment till ITAT’s appeal-disposal
- In Favour of Both, Partially
- Citation Number : TS-8-HC-2019(DEL)-TP
- Tax Payer : Sony Mobile Communications India Pvt
High Court
HC: Routing money through AE for distribution rights acquisition from third-party, not ‘international-transaction’
- In Favour of Assessee
- Citation Number : TS-1379-HC-2018(BOM)-TP
- Tax Payer : KSS Limited (formerly known as K Sera Sera Productions Ltd)
Income tax Appellate Tribunal
ITAT: Excludes 3 comparables for ITeS-provider and deletes TP-adjustment, Follows earlier orders
- In Favour of Assessee
- Citation Number : TS-1378-ITAT-2018(Mum)-TP
- Tax Payer : Stream International Services Pvt.Ltd
High Court
HC: Upholds ITAT’s exclusion of 5 comparables for marketing support service provider
- In Favour of Assessee
- Citation Number : TS-1377-HC-2018(DEL)-TP
- Tax Payer : Philip Morris Services India S.A
Income tax Appellate Tribunal
ITAT: Restricts guarantee commission ALP to 0.5%; Follows Everest Kento HC ruling
- In Favour of Assessee
- Citation Number : TS-7-ITAT-2019(Mum)-TP
- Tax Payer : Virgo Engineers Limited (now merged with Virgo Valves & Controls Pvt. Ltd)
Income tax Appellate Tribunal
ITAT: Rejects CIT(A)’s LIBOR adoption for benchmarking CCD interest; Remits issue for fresh examination
- In Favour of Assessee
- Citation Number : TS-1376-ITAT-2018(Bang)-TP
- Tax Payer : S. L. Plotted Development Projects Pvt. Ltd (formerly Conglome Technoconstruction Pvt. Ltd)
Income tax Appellate Tribunal
ITAT:Accepts RPM over TNMM for trading operations without value addition; Follows precedents
- In Favour of Assessee
- Citation Number : TS-1120-ITAT-2017(Bang)-TP
- Tax Payer : Komet Precision Tools Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Directs inclusion of segmental results for Megasoft while computing PLI for software segment
- In Favour of Assessee
- Citation Number : TS-1375-ITAT-2018(Bang)-TP
- Tax Payer : Infinera India Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Determines corporate-guarantee fee ALP at 1%, Holds Tega Industries ruling per incuriam
- In Favour of Revenue
- Citation Number : TS-1374-ITAT-2018(Kol)-TP
- Tax Payer : National Engineering Industries Ltd