Rulings ( 11978 results )

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Income tax Appellate Tribunal

ITAT: Dismisses TP-grounds for software developer assessee as withdrawn in view of APA-resolution

  • In Favour of Assessee
  • Citation Number : TS-1234-ITAT-2018(DEL)-TP
  • Tax Payer : Mentor Graphics (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs TPO to seek Sec 133(6)-information to compute capacity adjustment; Rejects information unavailability plea

  • In Favour of Both, Partially
  • Citation Number : TS-1233-ITAT-2018(DEL)-TP
  • Tax Payer : Terex Equipment Pvt Ltd (Formerly known as Terex Vectra Equipment Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT:Confirms TP-adjustment deletion on foreign currency AE-loan; Follows earlier-orders

  • In Favour of Assessee
  • Citation Number : TS-1232-ITAT-2018(Kol)-TP
  • Tax Payer : M K Shah Exports Ltd
Income tax Appellate Tribunal

ITAT: Holds market quotations from internet as “unreliable CUP” for benchmarking AE-exports

  • In Favour of Assessee
  • Citation Number : TS-1231-ITAT-2018(DEL)-TP
  • Tax Payer : JSL Limited (Now known as Jindal Stainless Ltd)
Income tax Appellate Tribunal

ITAT: Benefit test not precondition to justify ALP; Rejects NIL-ALP for management charges

  • In Favour of Both, Partially
  • Citation Number : TS-1230-ITAT-2018(COCH)-TP
  • Tax Payer : US Technology Resources Private Limited
Income tax Appellate Tribunal

ITAT: Rejects Nil-ALP for management charges; ‘Benefit’ not precondition for justifying ALP

  • In Favour of Both, Partially
  • Citation Number : TS-1229-ITAT-2018(COCH)-TP
  • Tax Payer : US Technology Resources Private Limited
Income tax Appellate Tribunal

ITAT:Discards BLT for AMP-adjustment but allows AO to modify order post SC-outcome

  • In Favour of Assessee
  • Citation Number : TS-1228-ITAT-2018(DEL)-TP
  • Tax Payer : Sennheiser Electronics India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits TP-adjustment on intra-group services; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-1227-ITAT-2018(PUN)-TP
  • Tax Payer : Eaton Power Quality Private Limited
Income tax Appellate Tribunal

ITAT: Deletes Sec 271G penalty for diamond dealers; Relies on Dilipkumar V. Lakhi case

  • In Favour of Assessee
  • Citation Number : TS-1226-ITAT-2018(Mum)-TP
  • Tax Payer : Interjewel Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on corporate management charges; Rules on comparables selection for manufacturer-assessee

  • In Favour of Both, Partially
  • Citation Number : TS-1225-ITAT-2018(DEL)-TP
  • Tax Payer : Terex Equipment Pvt Ltd (Formerly Terex Vectra Equipment Company Private Limited) vs ACIT
Income tax Appellate Tribunal

ITAT: Forex gain/loss recorded in books, not arising in subject-AY, relevant; Commscope ruling per-incuriam

  • In Favour of Assessee
  • Citation Number : TS-1224-ITAT-2018(Bang)-TP
  • Tax Payer : LSI India Research & Development Pvt Ltd [erstwhile LSI Research (India) Pvt Ltd]
Income tax Appellate Tribunal

ITAT:Remits treatment of forward premium and 4 comparables citing DRP’s non-speaking order

  • In Favour of Assessee
  • Citation Number : TS-1223-ITAT-2018(COCH)-TP
  • Tax Payer : Navigant BPM (India) Private Limited
Income tax Appellate Tribunal

ITAT: Allows assessee’s appeal relating to TP-adjustment on management fees; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-1222-ITAT-2018(Kol)-TP
  • Tax Payer : Landis + Gyr Ltd
Income tax Appellate Tribunal

ITAT:Remits selection of MAM for manufacturer assessee; Deletes TP-adjustment on outstanding AE-receivables

  • In Favour of Assessee
  • Citation Number : TS-1221-ITAT-2018(Ahd)-TP
  • Tax Payer : Gemstone Glass Pvt Ltd (successor in Pino Bisazza Glass Pvt Ltd) vs DCIT
Income tax Appellate Tribunal

ITAT:Rejects RPM for benchmarking AE-imports considering purchase & resale with related entities

  • In Favour of Assessee
  • Citation Number : TS-1220-ITAT-2018(DEL)-TP
  • Tax Payer : Kehin India Manufacturing Pvt Ltd (Formerly Keihin Panalfa Ltd.)
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on intra-group services, accepts substantiation in the form of emails

  • In Favour of Assessee
  • Citation Number : TS-1219-ITAT-2018(DEL)-TP
  • Tax Payer : Avery Dennison [India] Pvt Ltd
Income tax Appellate Tribunal

ITAT:Restores appeal to CIT(A) citing cryptic and non-speaking order on TP-issues

  • In Favour of Assessee
  • Citation Number : TS-1218-ITAT-2018(Bang)-TP
  • Tax Payer : Sartorius Stedim India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on intra-group services; Upholds internal TNMM for manufacturing segment

  • In Favour of Assessee
  • Citation Number : TS-1217-ITAT-2018(PUN)-TP
  • Tax Payer : Eaton Fluid Power Limited
Income tax Appellate Tribunal

ITAT: Directs grant of working capital adjustment, excludes 2 comparables; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-1216-ITAT-2018(DEL)-TP
  • Tax Payer : Akzo Noble Car Refinishes India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remands ALP-determination of corporate services fees paid to AE, Follows earlier ruling

  • In Favour of Assessee
  • Citation Number : TS-1215-ITAT-2018(Mum)-TP
  • Tax Payer : Huntsman International (India) Private Ltd