Rulings ( 11978 results )

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High Court

HC: Dismisses Revenue’s appeal; Draft assessment-order necessary even after proceedings remanded by ITAT

  • In Favour of Assessee
  • Citation Number : TS-1260-HC-2018(BOM)-TP
  • Tax Payer : Andrew Telecommunications P Ltd
Income tax Appellate Tribunal

ITAT: TPO cannot arbitrarily interfere with PLI-selection; Sec 41(1)-waiver irrelevant for intra-group services benchmarking

  • In Favour of Both, Partially
  • Citation Number : TS-1256-ITAT-2018(DEL)-TP
  • Tax Payer : Carrier Midea India P Ltd
Income tax Appellate Tribunal

ITAT:Grants stay on demand arising from TP-adjustment after adjusting 20 pending refund

  • In Favour of Assessee
  • Citation Number : TS-1255-ITAT-2018(PUN)-TP
  • Tax Payer : Cummins Turbo Technologies Limited
Income tax Appellate Tribunal

ITAT: Remits comparables selection, working-capital, risk adjustment claims in ITeS & Assembly segments

  • In Favour of Both, Partially
  • Citation Number : TS-1254-ITAT-2018(CHNY)-TP
  • Tax Payer : Cameron Manufacturing India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Excludes Govt.-owned companies; Stresses on business-model similarity in addition to functional similarity

  • In Favour of Assessee
  • Citation Number : TS-1253-ITAT-2018(DEL)-TP
  • Tax Payer : Boeing International Corporation India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Remands comparables, capacity adjustment & royalty benchmarking issues for assessee-manufacturer

  • In Favour of Both, Partially
  • Citation Number : TS-1252-ITAT-2018(DEL)-TP
  • Tax Payer : Nissin Brake India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes Rs.2800cr+ AMP-adjustment for PepsiCo, a full-fledged manufacturer; Rejects PSM/BLT for benchmarking

  • In Favour of Assessee
  • Citation Number : TS-1250-ITAT-2018(DEL)-TP
  • Tax Payer : PepsiCo India Holdings Pvt Ltd (erstwhile Pepsi Foods Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Excludes Infosys, Wipro Technologies for software developer; Holds forex-gain as operating item

  • In Favour of Assessee
  • Citation Number : TS-1249-ITAT-2018(DEL)-TP
  • Tax Payer : Global Logic India Ltd
Supreme Court

SC: Dismisses Revenue’s SLP against HC-order upholding 25 RPT-filter application & Wipro exclusion

  • In Favour of Assessee
  • Citation Number : TS-1248-SC-2018-TP
  • Tax Payer : Oracle (OFSS) BPO Service Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows additional evidence admission to decide PwC’s entity vs. transaction level adjustment issue

  • In Favour of Assessee
  • Citation Number : TS-1247-ITAT-2018(Kol)-TP
  • Tax Payer : PricewaterhouseCoopers Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds CIT(A)-order quashing final assessment order passed sans draft order; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1246-ITAT-2018(PUN)-TP
  • Tax Payer : East West Seeds Ltd
Income tax Appellate Tribunal

ITAT: Allows Revenue’s appeal withdrawal considering resolution of management services TP-adjustment under APA

  • In Favour of Assessee
  • Citation Number : TS-1245-ITAT-2018(Mum)-TP
  • Tax Payer : Gia India Laboratory Pvt Ltd
High Court

HC:Dismisses Revenue’s appeal on exclusion of comparables; Holds no question of law arises

  • In Favour of Assessee
  • Citation Number : TS-1244-HC-2018(BOM)-TP
  • Tax Payer : Principal Global Services Pvt Ltd
Income tax Appellate Tribunal

ITAT:Grants conditional stay on Rs.195cr demand arising due to TP-adjustment on AE-loan

  • In Favour of Assessee
  • Citation Number : TS-1241-ITAT-2018(Mum)-TP
  • Tax Payer : Bombay Rayon Holdings Ltd
Income tax Appellate Tribunal

ITAT: Rejects AMP-adjustment & alternative Sec 37-disallowance for Whirlpool, but permits modification post SC-outcome

  • In Favour of Assessee
  • Citation Number : TS-1240-ITAT-2018(DEL)-TP
  • Tax Payer : Whirlpool of India Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables absent segmental information in software development & ITeS segments

  • In Favour of Both, Partially
  • Citation Number : TS-1239-ITAT-2018(Bang)-TP
  • Tax Payer : Goldman Sachs Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Software distribution companies good comparables to TV channel distributor; Follows earlier year order

  • In Favour of Assessee
  • Citation Number : TS-1238-ITAT-2018(DEL)-TP
  • Tax Payer : Turner International Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Rejects AMP-adjustment for manufacturer-assessee but permits AO to modify order post SC-outcome

  • In Favour of Assessee
  • Citation Number : TS-1237-ITAT-2018(DEL)-TP
  • Tax Payer : Suzuki Motorcycles (I) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds AMP-adjustment unsustainable but empowers AO to modify order post SC-ruling

  • In Favour of Assessee
  • Citation Number : TS-1236-ITAT-2018(DEL)-TP
  • Tax Payer : Valvoline Cummins Pvt Ltd
Income tax Appellate Tribunal

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

  • In Favour of Both, Partially
  • Citation Number : TS-1235-ITAT-2018(Mum)-TP
  • Tax Payer : SBI Macquarie Infrastructure Management Private Limited