Rulings ( 11982 results )

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Income tax Appellate Tribunal

ITAT:Remits AMP-issue considering assessee’s non-compliance before TPO; Tribunal mainly an adjudicator, not investigator

  • In Favour of Both, Partially
  • Citation Number : TS-1019-ITAT-2018(Bang)-TP
  • Tax Payer : Stanley Black & Decker India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Focus of AMP-spend on increasing sales, not benefit to AE; Deletes adjustment

  • In Favour of Assessee
  • Citation Number : TS-1018-ITAT-2018(DEL)-TP
  • Tax Payer : Sennheiser Electronics India Ltd
Income tax Appellate Tribunal

ITAT: Grants stay extension to Alcatel Lucent subject to 25% outstanding demand deposit

  • In Favour of Both, Partially
  • Citation Number : TS-1017-ITAT-2018(DEL)-TP
  • Tax Payer : ALcatel Lucent India Ltd
High Court

HC: Upholds ITAT's order excluding Motilal Oswal as comparable; Dismisses Revenue's appeal

  • In Favour of Assessee
  • Citation Number : TS-1016-HC-2018(BOM)-TP
  • Tax Payer : NVP Venture Capital India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Microsoft’s 113 patentable inventions through software development in India clinches characterization as contract R&D

  • In Favour of Both, Partially
  • Citation Number : TS-1015-ITAT-2018(DEL)-TP
  • Tax Payer : Microsoft India (R&D) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Excludes functionally different Motilal Oswal as comparable for investment sub-advisor

  • In Favour of Assessee
  • Citation Number : TS-1014-ITAT-2018(Mum)-TP
  • Tax Payer : Sandstone Capital Advisors Pvt Ltd
Income tax Appellate Tribunal

ITAT: Admits audited segmental accounts as additional evidence; Remits ALP-determination

  • In Favour of Both, Partially
  • Citation Number : TS-1013-ITAT-2018(DEL)-TP
  • Tax Payer : Infrasoft Technologies Limited
Income tax Appellate Tribunal

ITAT: Restores comparables selection in sales-support segment and provision of management services TP-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-1012-ITAT-2018(DEL)-TP
  • Tax Payer : Converse Network Systems (India) Pvt Ltd
Foreign Court

FC: European Commission : McDonald's Luxembourg tax rulings not illegal state aid despite double non-taxation

  • In Favour of Revenue
  • Citation Number : TS-1514-FC-2018-TP
  • Tax Payer : McDonald's
Income tax Appellate Tribunal

ITAT: Assessee/AO can’t change Tribunal’s specific directions on stay without approaching the bench

  • In Favour of Both, Partially
  • Citation Number : TS-1011-ITAT-2018(Bang)-TP
  • Tax Payer : Subex Ltd
Income tax Appellate Tribunal

ITAT: Directs working capital adjustment re-computation without applying Safe Harbour Rules; Follows Rolls-Royce ruling

  • In Favour of Both, Partially
  • Citation Number : TS-1010-ITAT-2018(DEL)-TP
  • Tax Payer : BT (India) Pvt Ltd
High Court

HC:Allows Hewlett Packard India to withdraw appeal against ITAT-order on comparables

  • In Favour of Assessee
  • Citation Number : TS-1009-HC-2018(KAR)-TP
  • Tax Payer : Hewlett Packard (India) Software Operation Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs DRP to consider TP-study report though not originally submitted before TPO

  • In Favour of Assessee
  • Citation Number : TS-1008-ITAT-2018(CHNY)-TP
  • Tax Payer : Mos Metro India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remands isssue of TP-adjustment towards notional interest on delayed AE receivables

  • In Favour of Both, Partially
  • Citation Number : TS-1007-ITAT-2018(DEL)-TP
  • Tax Payer : Gillette Diversified Pvt Ltd
Income tax Appellate Tribunal

ITAT:Restores penalty on marketing intangible issue considering remand in quantum proceedings

  • In Favour of Assessee
  • Citation Number : TS-1006-ITAT-2018(DEL)-TP
  • Tax Payer : LG Electronics India (P) Ltd
Income tax Appellate Tribunal

ITAT: Excludes 5 functionally dissimilar comparables for ITes- provider, Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1005-ITAT-2018(DEL)-TP
  • Tax Payer : OSC Services Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP adjustment in respect of corporate guarantee, Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-1004-ITAT-2018(Mum)-TP
  • Tax Payer : Grindwell Norton Ltd
High Court

HC: Allows assessee’s appeal withdrawal; ITAT upheld Sec 263-revision on Sec 10A claim on TP-addition

  • In Favour of Both, Partially
  • Citation Number : TS-1003-HC-2018(KAR)-TP
  • Tax Payer : Msource (India) Pvt Ltd
High Court

HC:Upholds Tribunal’s remand of royalty benchmarking as not entirely ‘academic exercise’

  • In Favour of Revenue
  • Citation Number : TS-1002-HC-2018(KAR)-TP
  • Tax Payer : Toyota Kirloskar Motor (P) Ltd
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar Bodhtree & Kals, follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-1001-ITAT-2018(PUN)-TP
  • Tax Payer : Nihilent Limited (Formerly Nihilent Technologies Limited)