Rulings ( 11982 results )

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High Court

HC:Dismisses Revenue’s appeal challenging ITAT’s comparables selection; Follows Softbrands ruling

  • In Favour of Revenue
  • Citation Number : TS-1107-HC-2018(KAR)-TP
  • Tax Payer : CAE Simulation Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts ALP-determination based on PLI for 6 months period before restructuring

  • In Favour of Assessee
  • Citation Number : TS-1106-ITAT-2018(DEL)-TP
  • Tax Payer : ERICSSON Telephone Corporation India AB [India Branch]
High Court

HC:Dismisses Revenue’s appeal challenging ITAT’s comparables selection; Follows Softbrands ruling

  • In Favour of Revenue
  • Citation Number : TS-1105-HC-2018(KAR)-TP
  • Tax Payer : MERITOR LVS INDIA PVT LTD (PRESENTLY KNOWN AS INTEVA PRODUCTS INDIA AUTOMOTIVE PVT. LTD.)
High Court

HC:Dismisses Revenue’s appeal challenging ITAT’s comparables selection; Follows Softbrands ruling

  • In Favour of Revenue
  • Citation Number : TS-1104-HC-2018(KAR)-TP
  • Tax Payer : MISYS SOFTWARE SOLUTIONS INDIA (P) LTD
Income tax Appellate Tribunal

ITAT: Rules on comparables selection for investment advisor; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1103-ITAT-2018(Mum)-TP
  • Tax Payer : Goldman Sachs Asset Management (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)-order considering bad debts written-off as operating item for margin computation

  • In Favour of Both, Partially
  • Citation Number : TS-1102-ITAT-2018(Bang)-TP
  • Tax Payer : JDA Software Private Limited (formerly i2 Technologies India Private Limited)
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on corporate guarantee & AE-loan; Follows EIH ruling

  • In Favour of Assessee
  • Citation Number : TS-1101-ITAT-2018(Kol)-TP
  • Tax Payer : Manaksia Limited
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment towards foreign travel expenses noting full details furnished before TPO

  • In Favour of Assessee
  • Citation Number : TS-1100-ITAT-2018(Mum)-TP
  • Tax Payer : Essar Power Limited
Income tax Appellate Tribunal

ITAT:Upholds assessee's aggregated benchmarking approach and TNMM with external comparables

  • In Favour of Assessee
  • Citation Number : TS-1099-ITAT-2018(PUN)-TP
  • Tax Payer : Cummins India Limited
High Court

HC:Market Research Users Council incomparable to commercial organization , working pattern & model dissimilar

  • In Favour of Assessee
  • Citation Number : TS-1098-HC-2018(DEL)-TP
  • Tax Payer : Belkin India Private Ltd
Income tax Appellate Tribunal

ITAT: Confirms Sec 271(1)(c)-penalty order on TP-adjustment suffers from ‘ambiguity’ defect absent Explanation 7 reference

  • In Favour of Assessee
  • Citation Number : TS-1097-ITAT-2018(PUN)-TP
  • Tax Payer : Carraro Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on outstanding AE-receivables; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-1095-ITAT-2018(Ahd)-TP
  • Tax Payer : Bisazza India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables selection for software developer assessee, follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-1092-ITAT-2018(Bang)-TP
  • Tax Payer : AT & T Global Business Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds application of Rs.200 – 2000cr turnover filter; Follows Genisys Integrating ruling

  • In Favour of Assessee
  • Citation Number : TS-1090-ITAT-2018(Mum)-TP
  • Tax Payer : Thomson Reuters International Services Pvt Ltd (Successor in interst to Thomson Reuters India Services Pvt. Ltd.)
High Court

HC: Upholds TP-adjustment deletion as Revenue failed to justify ALP-determination with comparables

  • In Favour of Both, Partially
  • Citation Number : TS-1089-HC-2018(GUJ)-TP
  • Tax Payer : SABIC INNOVATIVE PLASTIC INDIA PRIVATE LIMITED
Income tax Appellate Tribunal

ITAT:Outstanding AE-receivables not separate international transaction considering sales margin can factor interest

  • In Favour of Assessee
  • Citation Number : TS-1088-ITAT-2018(JPR)-TP
  • Tax Payer : Vijay Solvex Limited
High Court

HC:DRP’s issuance of directions cannot be ‘empty formality’, independent reasoning & findings must

  • In Favour of Assessee
  • Citation Number : TS-1087-HC-2018(MAD)-TP
  • Tax Payer : Renault Nissan Automotive India Private Ltd and Nissan Motor India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes assessment absent issue of mandatory Sec 143(1) notice by competent AO

  • In Favour of Assessee
  • Citation Number : TS-1086-ITAT-2018(Kol)-TP
  • Tax Payer : Lexmark International (India) Pvt Ltd
High Court

HC:Upholds ITAT’s grant of stay beyond 365 days; Delay not attributable to assessee

  • In Favour of Assessee
  • Citation Number : TS-1085-HC-2018(P & H)-TP
  • Tax Payer : Comverse Network Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT: No adjustment on intra-group services between domestic related-parties absent markup; Remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-1084-ITAT-2018(DEL)-TP
  • Tax Payer : Verizon India Pvt Ltd