Rulings ( 11982 results )

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Income tax Appellate Tribunal

ITAT: Upholds DRP’s exclusion of functionally dissimilar Accentia Technology for ITeS-provider

  • In Favour of Assessee
  • Citation Number : TS-1150-ITAT-2018(DEL)-TP
  • Tax Payer : Actis Global Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s appeal considering assessed income determined at NIL post MAP resolution

  • In Favour of Both, Partially
  • Citation Number : TS-1149-ITAT-2018(DEL)-TP
  • Tax Payer : BT Global Communications India Pvt Ltd
Foreign Court

FC: UK Upper Tribunal: Confirms TP-applicability on Bonus Share issue to AE; Distinguishes Vodafone India ruling

  • In Favour of Revenue
  • Citation Number : TS-1515-FC-2018(UK)-TP
  • Tax Payer : THE UNION CASTLE MAIL STEAMSHIP COMPANY LIMITED
Income tax Appellate Tribunal

ITAT: Deletes Sec 271(1)(c) penalty as TP-adjustment on AE-loan deleted in quantum appeal

  • In Favour of Assessee
  • Citation Number : TS-1148-ITAT-2018(Ahd)-TP
  • Tax Payer : Dishman Pharmaceuticals & Chemicals Ltd
Income tax Appellate Tribunal

ITAT:Adopts RPM as MAM for purchase transaction; Rejects Nil-ALP for localisation support payments

  • In Favour of Both, Partially
  • Citation Number : TS-1147-ITAT-2018(DEL)-TP
  • Tax Payer : Mitsubishi Electric Automotive [I] Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds TPO/DRP’s application of 75 export filter considering assessee’s 86 exports

  • In Favour of Both, Partially
  • Citation Number : TS-1146-ITAT-2018(DEL)-TP
  • Tax Payer : Omniglobe Information Technologies (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Accepts CPM as MAM for assessee engaged in tour/travel business; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1145-ITAT-2018(DEL)-TP
  • Tax Payer : Greaves Travel India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Dismisses miscellaneous petition on TP-issues; Can’t agitate issues not raised in original proceedings

  • In Favour of Both, Partially
  • Citation Number : TS-1144-ITAT-2018(Bang)-TP
  • Tax Payer : Mercedes-Benz Research & Development India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits treatment of forward exchange contract premium for computing PLI; Follows Ambattur Clothing

  • In Favour of Assessee
  • Citation Number : TS-1143-ITAT-2018(COCH)-TP
  • Tax Payer : Navigant BPM (India) Private Limited (Formerly known as M/s.RevenueMed India (P) Ltd)
Income tax Appellate Tribunal

ITAT: Using foreign name doesn’t mean AE’s brand promotion; AMP-Expense not international transaction

  • In Favour of Assessee
  • Citation Number : TS-1141-ITAT-2018(Kol)-TP
  • Tax Payer : Organon (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Share application money outside international transaction ambit; Remits selection of foreign-AE as tested-party

  • In Favour of Assessee
  • Citation Number : TS-1139-ITAT-2018(DEL)-TP
  • Tax Payer : Moserbaer India Ltd
Income tax Appellate Tribunal

ITAT: Rejects entity-level benchmarking for ALP determination; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-1138-ITAT-2018(DEL)-TP
  • Tax Payer : CSR Technology (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Confirms Sec 271(1)(c)-penalty deletion as PLI & multiple year data issues ‘debatable' for AY 2003-04

  • In Favour of Assessee
  • Citation Number : TS-1137-ITAT-2018(DEL)-TP
  • Tax Payer : Kyungshin Industrial Motherson Ltd
Income tax Appellate Tribunal

ITAT: Recalls ex-parte DRP-order; Remits TP-issue for de-novo adjudication to DRP

  • In Favour of Both, Partially
  • Citation Number : TS-1136-ITAT-2018(CHNY)-TP
  • Tax Payer : MMC Healthcare Limited
Income tax Appellate Tribunal

ITAT: Quashes TP-reassessment orders for foreign partnership firm as not ‘eligible assessee’; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1135-ITAT-2018(DEL)-TP
  • Tax Payer : ESS Advertising (Mauritius) SNC et Compagnie(earlier known as ESPN Star Sports Mauritius S.N.C Et Compagnie)
High Court

HC: Upholds ITAT-order deleting disallowance towards price support paid to related parties

  • In Favour of Assessee
  • Citation Number : TS-1113-HC-2017(DEL)-TP
  • Tax Payer : Pepsi Foods Private Limited
Income tax Appellate Tribunal

ITAT: Operation comparability relevant for RPM, not product similarity; Rejects TPO's TNMM

  • In Favour of Assessee
  • Citation Number : TS-1134-ITAT-2018(Bang)-TP
  • Tax Payer : Pepperl & Fuchs (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment towards leased assets depreciation; Rejects reallocation of expenses between segments

  • In Favour of Both, Partially
  • Citation Number : TS-1133-ITAT-2018(DEL)-TP
  • Tax Payer : Lufthansa Technik Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds CIT’s revisionary jurisdiction absent AO’s enquiry regarding assessee’s specified domestic transactions

  • In Favour of Revenue
  • Citation Number : TS-1132-ITAT-2018(COCH)-TP
  • Tax Payer : Hycon India Private Ltd
Income tax Appellate Tribunal

ITAT:Remits AMP-adjustment for confectionary products manufacturer; Follows earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-1131-ITAT-2018(DEL)-TP
  • Tax Payer : Perfetti Van Melle India Private Limited