Rulings ( 11978 results )

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Income tax Appellate Tribunal

ITAT: Deletes AMP-adjustment; Popularity of global brand not only due to Sony-India’s efforts

  • In Favour of Assessee
  • Citation Number : TS-1371-ITAT-2018(DEL)-TP
  • Tax Payer : Sony India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects high turnover companies applying Rs.1-300cr filter; Remits intra-group services TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-1370-ITAT-2018(PUN)-TP
  • Tax Payer : MSC Software Corporation of India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Restores comparable selection to call segmental details by issuing Sec 133(6) notice

  • In Favour of Both, Partially
  • Citation Number : TS-1369-ITAT-2018(CHNY)-TP
  • Tax Payer : Infac India Private Limited
Income tax Appellate Tribunal

ITAT: Event management not comparable to Marketing Support Services; Excludes Asian Business Exhibition

  • In Favour of Assessee
  • Citation Number : TS-1368-ITAT-2018(Bang)-TP
  • Tax Payer : Citrix Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Year-ending mere means to reckon operating results, not ground to hold company as incomparable

  • In Favour of Assessee
  • Citation Number : TS-1367-ITAT-2018(DEL)-TP
  • Tax Payer : NaviSite India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Timex-India’s AMP-expenses not for AE-brand promotion, considers 87 turnover from India-sales

  • In Favour of Assessee
  • Citation Number : TS-1366-ITAT-2018(DEL)-TP
  • Tax Payer : Timex Group India Limited
High Court

HC: Allows writ; ITAT erred in remitting ALP-determination, without characterizing distribution fees

  • In Favour of Assessee
  • Citation Number : TS-5-HC-2019(BOM)-TP
  • Tax Payer : Sony Pictures Networks India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Considers ITeS-provider’s different FAR plea; Remits comparables selection issue

  • In Favour of Both, Partially
  • Citation Number : TS-1365-ITAT-2018(Mum)-TP
  • Tax Payer : Monsanto Holdings P Ltd
Income tax Appellate Tribunal

ITAT:Upholds Sec 263-order; Absence of mandatory TPO-reference renders Sec.143(3) order erroneous and prejudicial

  • In Favour of Revenue
  • Citation Number : TS-1364-ITAT-2018(Mum)-TP
  • Tax Payer : General Computer Services International
Income tax Appellate Tribunal

ITAT: Confirms S.271G-penalty deletion considering difficulty in information submission for diamond merchants

  • In Favour of Assessee
  • Citation Number : TS-1363-ITAT-2018(Mum)-TP
  • Tax Payer : Laxmi Diamond P Ltd
Income tax Appellate Tribunal

ITAT: Directs separate and independent benchmarking of trading and manufacturing activities; Remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-1362-ITAT-2018(PUN)-TP
  • Tax Payer : Stauff India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 7 comparables for ITeS-provider citing functional dissimilarity, significant brand value etc.

  • In Favour of Assessee
  • Citation Number : TS-4-ITAT-2019(HYD)-TP
  • Tax Payer : TNS India Private Ltd
Income tax Appellate Tribunal

ITAT: Restricts corporate guarantee fee ALP at 0.5%; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-3-ITAT-2019(Mum)-TP
  • Tax Payer : Cox & Kings Limited
Income tax Appellate Tribunal

ITAT: Excludes Genesys-International; Presence of intangibles indicative that company isn’t into software development

  • In Favour of Assessee
  • Citation Number : TS-1361-ITAT-2018(Bang)-TP
  • Tax Payer : Evolving Systems Network India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits Readers Digest AMP-adjustment citing different product promotion mechanism

  • In Favour of Both, Partially
  • Citation Number : TS-1360-ITAT-2018(DEL)-TP
  • Tax Payer : Readers Digest Book and Home Entertainment India (P) Ltd
Income tax Appellate Tribunal

ITAT: Wrong nomenclature of PLI doesn’t affect MAM-selection; Upholds CPM for services sale-purchase

  • In Favour of Assessee
  • Citation Number : TS-1359-ITAT-2018(Kol)-TP
  • Tax Payer : R.S. Software (India) Ltd
Income tax Appellate Tribunal

ITAT:Bad debt Provision though operating, not deductible if unrelated to relevant year turnover

  • In Favour of Both, Partially
  • Citation Number : TS-1358-ITAT-2018(Bang)-TP
  • Tax Payer : Marvell India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows miscellaneous petition; Recalls Tribunal order to decide ground regarding royalty adjustment

  • In Favour of Assessee
  • Citation Number : TS-1357-ITAT-2018(Ahd)-TP
  • Tax Payer : General Motors India Pvt. Ltd
Income tax Appellate Tribunal

ITAT:Directs re-determination of AMP-expenses ALP by following ITAT-directions in first appeal round

  • In Favour of Both, Partially
  • Citation Number : TS-1355-ITAT-2018(CHANDI)-TP
  • Tax Payer : GlaxoSmithKline Consumer Healthcare Ltd
Income tax Appellate Tribunal

ITAT:Directs margin re-computation using only audited segmental results of AE-transactions

  • In Favour of Both, Partially
  • Citation Number : TS-1354-ITAT-2018(HYD)-TP
  • Tax Payer : eBizNET Solutions Private Limited