Rulings ( 11978 results )

Filters
Income tax Appellate Tribunal

ITAT: Remits DRP’s cryptic order on comparables selection for investment advisory service provider

  • In Favour of Assessee
  • Citation Number : TS-1281-ITAT-2018(DEL)-TP
  • Tax Payer : Wolfensohn India Advisors Pvt Ltd
Income tax Appellate Tribunal

ITAT: Functionally similar company cannot be excluded, merely for following different accounting-year; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1280-ITAT-2018(Mum)-TP
  • Tax Payer : Maersk Global Service Centre India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Corporate guarantee not international transaction pre-2012; Upholds LIBOR for benchmarking foreign-currency AE-loans

  • In Favour of Assessee
  • Citation Number : TS-1279-ITAT-2018(Kol)-TP
  • Tax Payer : Britannia Industries Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on RBI/SIA approved royalty payment to AE; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-1278-ITAT-2018(PUN)-TP
  • Tax Payer : Spicer India Pvt Ltd (Formerly known as Spicer India Ltd.)
Income tax Appellate Tribunal

ITAT:Upholds TP-adjustment deletion on corporate guarantee & AE-loan; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-1277-ITAT-2018(Kol)-TP
  • Tax Payer : Manaksia Ltd
Income tax Appellate Tribunal

ITAT: Excludes 2 functionally dissimilar companies for software developer; Includes 1 non-persistent loss maker

  • In Favour of Assessee
  • Citation Number : TS-1276-ITAT-2018(PUN)-TP
  • Tax Payer : SAS Research and Development (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Confirms DRP-order holding foreign partnership firm as not ‘eligible assessee’ u/s 144C

  • In Favour of Assessee
  • Citation Number : TS-1275-ITAT-2018(DEL)-TP
  • Tax Payer : ESS Distribution (Mauritius) S.C.N.E.T. Companie
Income tax Appellate Tribunal

ITAT:Upholds assessee’s cost allocation based on OECD-Guidelines; Accepts CPA-certificate as valid evidence

  • In Favour of Both, Partially
  • Citation Number : TS-1274-ITAT-2018(Mum)-TP
  • Tax Payer : Jabil Circuit India Private Limited
Income tax Appellate Tribunal

ITAT: Upholds DRP-order treating foreign partnership firm as non-eligible assessee u/s 144C; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-1273-ITAT-2018(DEL)-TP
  • Tax Payer : ESPN Star Sports Mauritius SNC et Companie
Income tax Appellate Tribunal

ITAT: Rules on comparables selection for ITeS-provider; Rejects TPO’s negative working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-1272-ITAT-2018(Bang)-TP
  • Tax Payer : Zyme Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT:Confirms concealment penalty deletion as TP-addition deleted in quantum appeal

  • In Favour of Assessee
  • Citation Number : TS-1271-ITAT-2018(PUN)-TP
  • Tax Payer : Magic Software Enterprises India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 9 comparables for software-developer, directs consideration of segmental results for Megasoft

  • In Favour of Both, Partially
  • Citation Number : TS-1270-ITAT-2018(Bang)-TP
  • Tax Payer : NI Systems (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits ALP-determination of international transaction citing TPO/DRP’s non-consideration of assessee’s comparables

  • In Favour of Both, Partially
  • Citation Number : TS-1269-ITAT-2018(Kol)-TP
  • Tax Payer : Foster Wheeler Bengal Pvt Ltd (merged with Amec Foster Wheeler India Pvt. Ltd.)
Supreme Court

SC: Upholds HC-order confirming deletion of guarantee fee TP-adjustment for Glenmark Pharma

  • In Favour of Assessee
  • Citation Number : TS-1268-SC-2018-TP
  • Tax Payer : GLENMARK PHARMACEUTICALS
High Court

HC: Corrigendum can’t correct draft order non-issuance; Assessee not estopped from challenging AO’s jurisdiction

  • In Favour of Assessee
  • Citation Number : TS-1267-HC-2018(BOM)-TP
  • Tax Payer : Lionbridge Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects TPO’s OP/Marketing cost for marketing fees ALP-determination; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-1265-ITAT-2018(Mum)-TP
  • Tax Payer : first source Solutions Ltd (formerly Customer Asset India P. Ltd)
Income tax Appellate Tribunal

ITAT:Restores TP-issue to CIT(A) citing cryptic, non-speaking order on comparables selection

  • In Favour of Revenue
  • Citation Number : TS-1264-ITAT-2018(Kol)-TP
  • Tax Payer : Steel Plus Limited
Income tax Appellate Tribunal

ITAT: Can’t lower RPT-filter by excluding expense reimbursement; Rules on comparables for BPO-provider

  • In Favour of Both, Partially
  • Citation Number : TS-1263-ITAT-2018(HYD)-TP
  • Tax Payer : Knoah Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds Sec 263-order absent AO’s mandatory TPO-reference as per CBDT Circular 3/2016

  • In Favour of Revenue
  • Citation Number : TS-1262-ITAT-2018(Mum)-TP
  • Tax Payer : Varian Medical Systems International India Private Limited
Income tax Appellate Tribunal

ITAT: Rejects assessee's Nil interest-ALP for stressed AE-loans citing commercial expediency, revenue neutrality

  • In Favour of Both, Partially
  • Citation Number : TS-1261-ITAT-2018(Mum)-TP
  • Tax Payer : Laqshya Media Limited [earlier known as Lakqshya Media Pvt Ltd]