Rulings ( 11982 results )

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Income tax Appellate Tribunal

ITAT: Corporate guarantee, not ‘international transaction’, absent expenditure for extending the guarantee; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1171-ITAT-2018(VIZ)-TP
  • Tax Payer : CCL Products (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Grants partial stay of demand arising on AMP and royalty issue

  • In Favour of Assessee
  • Citation Number : TS-1170-ITAT-2018(Mum)-TP
  • Tax Payer : Diageo India Private Ltd
Income tax Appellate Tribunal

ITAT: Allows Sec 10A benefit on voluntary TP-adjustment; Follows earlier year ruling

  • In Favour of Assessee
  • Citation Number : TS-1169-ITAT-2018(DEL)-TP
  • Tax Payer : G S Engineering & Constructions India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Assets under-utilization an internal inefficiency, not basis to exclude functionally similar comparable

  • In Favour of Assessee
  • Citation Number : TS-1168-ITAT-2018(DEL)-TP
  • Tax Payer : Transcend M T Services Pvt Ltd (Formerly Heartland Bangalore Transcription and Services Pvt. Ltd merged with Heartland Informati
Income tax Appellate Tribunal

ITAT: Deletes Sec 40A(2)-disallowance as domestic-AE payment found at ALP in TP-study; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-1167-ITAT-2018(DEL)-TP
  • Tax Payer : Amserve Consultants Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on expense reimbursement sans application of prescribed TP-method u/s 92C

  • In Favour of Assessee
  • Citation Number : TS-1166-ITAT-2018(Mum)-TP
  • Tax Payer : Wartsila India Limited
Income tax Appellate Tribunal

ITAT:Excludes SISCO as comparable to pure-trader; TPO can consider comparables in public domain

  • In Favour of Both, Partially
  • Citation Number : TS-1165-ITAT-2018(Kol)-TP
  • Tax Payer : Philips Medical Systems Private Limited (now merged with Philips Electronics India Limited
Income tax Appellate Tribunal

ITAT: Upholds aggregated benchmarking of import of spares/ completely built cars with manufacturing

  • In Favour of Both, Partially
  • Citation Number : TS-1164-ITAT-2018(PUN)-TP
  • Tax Payer : Mercedes-Benz India Pvt Ltd (formerly known as Daimler Chrysler India Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s appeal challenging rejection of FOB-based ALP-computation; Follows HC-order

  • In Favour of Assessee
  • Citation Number : TS-1163-ITAT-2018(DEL)-TP
  • Tax Payer : Li & Fung India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes concealment penalty as TP-adjustment deleted in quantum appeal

  • In Favour of Assessee
  • Citation Number : TS-1162-ITAT-2018(DEL)-TP
  • Tax Payer : Stanley Consultant India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Recalls Tribunal’s order passed ex-parte due to assessee's non-appearance

  • In Favour of Assessee
  • Citation Number : TS-1161-ITAT-2018(Bang)-TP
  • Tax Payer : Faurecia Automotive Seating India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rules on comparables selection & working-capital adjustment for financial data processing provider

  • In Favour of Assessee
  • Citation Number : TS-1160-ITAT-2018(DEL)-TP
  • Tax Payer : Markit India Services Pvt Ltd
Income tax Appellate Tribunal

ITAT:Quashes reopening to disallow advertisement expenses absent tangible material on record

  • In Favour of Assessee
  • Citation Number : TS-1159-ITAT-2018(DEL)-TP
  • Tax Payer : Yamaha Motor India Sales Pvt Ltd
Income tax Appellate Tribunal

ITAT: Restores ALP-adjustment on various transaction following earlier year ITAT order

  • In Favour of Both, Partially
  • Citation Number : TS-1158-ITAT-2018(Kol)-TP
  • Tax Payer : Epcos India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects Nil ALP-determination of management fee, upholds aggregated benchmarking

  • In Favour of Both, Partially
  • Citation Number : TS-1157-ITAT-2018(Mum)-TP
  • Tax Payer : Sulzer Pumps India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Assessee not contract manufacturer; Restores ALP-computation of royalty & technical knowhow expenses

  • In Favour of Both, Partially
  • Citation Number : TS-1156-ITAT-2018(Mum)-TP
  • Tax Payer : Sulzer Pumps India Pvt Ltd
Supreme Court

SC: Dismisses Revenue’s appeal against HC order deleting TP-documentation penalty order

  • In Favour of Assessee
  • Citation Number : TS-1155-SC-2018-TP
  • Tax Payer : Gillette India Ltd
Income tax Appellate Tribunal

ITAT: Restricts TP-adjustment to international transaction; Remits MAM-selection for assessee’s engineering design services

  • In Favour of Assessee
  • Citation Number : TS-1154-ITAT-2018(PUN)-TP
  • Tax Payer : Magna Steyr India P Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s rejection of Infosys & Satyam as comparables for semiconductor designer assessee

  • In Favour of Assessee
  • Citation Number : TS-1153-ITAT-2018(DEL)-TP
  • Tax Payer : Fresscale Semiconductor India (P) Ltd
Income tax Appellate Tribunal

ITAT: Rejects re-characterization of Redeemable Preference Shares into loan; Stresses on ‘real-income’ principle

  • In Favour of Assessee
  • Citation Number : TS-1151-ITAT-2018(DEL)-TP
  • Tax Payer : Cairn India Ltd