Rulings ( 11978 results )

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Income tax Appellate Tribunal

ITAT: Adopts 0.5% as guarantee commission ALP; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-1-ITAT-2019(Mum)-TP
  • Tax Payer : Apar Industries Limited
Income tax Appellate Tribunal

ITAT:Accepts assessee's Rule 27-Application; AO’s TP-adjustments lack jurisdiction absent mandatory TPO reference

  • In Favour of Assessee
  • Citation Number : TS-1320-ITAT-2018(PUN)-TP
  • Tax Payer : Magic Software Enterprises India Private Limited
Income tax Appellate Tribunal

ITAT:Excludes Accentia & Cat Technologies for medical transcription service provider; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-1319-ITAT-2018(DEL)-TP
  • Tax Payer : Transcend India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables; Rejects CIT(A)’s denial of working-capital adjustment citing data non-availability

  • In Favour of Assessee
  • Citation Number : TS-1318-ITAT-2018(Bang)-TP
  • Tax Payer : Huawei Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: No further profit-attribution needed when commission earned from Indian subsidiary at ALP

  • In Favour of Assessee
  • Citation Number : TS-1317-ITAT-2018(DEL)-TP
  • Tax Payer : ESS Advertising (Mauritius) SNC et Compagnie (Earlier known as ESPN Star Sports Mauritius SNC. ET Compagnie)
Income tax Appellate Tribunal

ITAT:Rules on comparables in software & ITeS segments; Bad debts, forex-fluctuation, operating item

  • In Favour of Both, Partially
  • Citation Number : TS-1316-ITAT-2018(HYD)-TP
  • Tax Payer : Ivy Comptech Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows RPM for distributor-assessee; Rejects exclusion of import-duty from purchase price

  • In Favour of Both, Partially
  • Citation Number : TS-1315-ITAT-2018(DEL)-TP
  • Tax Payer : GE India Industrial Private Limited
Income tax Appellate Tribunal

ITAT: Upholds TP-adjustment deletion for ITC's international transactions with onsite marketing subsidiaries; Follows HC-order

  • In Favour of Assessee
  • Citation Number : TS-1314-ITAT-2018(Kol)-TP
  • Tax Payer : I T C Infotech India Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables for software developer; Deletes notional interest on AE-receivables

  • In Favour of Assessee
  • Citation Number : TS-1313-ITAT-2018(DEL)-TP
  • Tax Payer : Pitney Bowes Software India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Formulates guidelines for expeditious hearing of cases referred to Special Benches & Third Members

  • In Favour of Assessee
  • Citation Number : TS-1312-ITAT-2018(Ahd)-TP
  • Tax Payer : Doshi Accounting Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects separate adjustment for interest on receivables; Excludes 3 functionally dissimilar comparables

  • In Favour of Both, Partially
  • Citation Number : TS-1311-ITAT-2018(HYD)-TP
  • Tax Payer : EPAM Systems India Pvt Ltd
High Court

HC:Admits Revenue’s appeal challenging ITAT’s 'portfolio-approach' for benchmarking transactions

  • In Favour of Revenue
  • Citation Number : TS-1310-HC-2018(BOM)-TP
  • Tax Payer : Boskalis International Dredging International CV
Income tax Appellate Tribunal

ITAT: Rejects re-characterization of outstanding AE-receivables as loan pre-2012; Deletes notional interest addition

  • In Favour of Assessee
  • Citation Number : TS-1309-ITAT-2018(DEL)-TP
  • Tax Payer : Metlife Global Operations Support Center Private Ltd
Income tax Appellate Tribunal

ITAT: Deletes AMP-adjustment for distributor of medical implants; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-1308-ITAT-2018(DEL)-TP
  • Tax Payer : Johnson & Johnson Ltd (On behalf of Synthes Medical Pvt. Ltd. Since Merged with Johnson & Johnson Ltd.)
Income tax Appellate Tribunal

ITAT: Excludes 7 comparables for software-developer citing functional dissimilarity, super-normal profits etc

  • In Favour of Assessee
  • Citation Number : TS-1307-ITAT-2018(DEL)-TP
  • Tax Payer : Lime Labs (I) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-computation of management fees for verification in terms of MAP-resolution

  • In Favour of Both, Partially
  • Citation Number : TS-1306-ITAT-2018(Ahd)-TP
  • Tax Payer : Quintiles Data Processing Centre (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects Rediff.com; Online advertising services not at par with assessee's marketing support services

  • In Favour of Both, Partially
  • Citation Number : TS-1305-ITAT-2018(DEL)-TP
  • Tax Payer : Beam Global Spirits & Wine (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables selection for investment advisory; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1304-ITAT-2018(Mum)-TP
  • Tax Payer : New Silk Route Advisors Pvt Ltd
Income tax Appellate Tribunal

ITAT: Assessee entitled to DRP-route post ITAT-remand; Rejects DRP’s “first instance” interpretation u/s 144C(1)

  • In Favour of Assessee
  • Citation Number : TS-1303-ITAT-2018(HYD)-TP
  • Tax Payer : Broadridge Financial Solutions (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds aggregation approach & remits ALP-determination for license, management fees payment; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1302-ITAT-2018(Bang)-TP
  • Tax Payer : Adcock Ingram Limited