Rulings ( 11982 results )

Filters
Income tax Appellate Tribunal

ITAT: Remits issues around comparable exclusion, non-operating items, working capital adjustment & AE-receivable

  • In Favour of Assessee
  • Citation Number : TS-830-ITAT-2018(DEL)-TP
  • Tax Payer : Efacec Switchgear India Pvt Ltd
Foreign Court

FC: US Appeals Court reverses Tax Court's CUP-acceptance in Medtronics, holds findings on comparability inadequate

  • In Favour of Assessee
  • Citation Number : TS-1513-FC-2018(USA)-TP
  • Tax Payer : Medtronic, Inc. & Consolidated Subsidiaries
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment towards notional interest on outstanding AE-receivable; Rejects re-characterization as loan

  • In Favour of Assessee
  • Citation Number : TS-829-ITAT-2018(DEL)-TP
  • Tax Payer : Inductis (India) Private Ltd
Income tax Appellate Tribunal

ITAT: Excludes 7 companies as comparable for ITeS provider, follows precedents

  • In Favour of Assessee
  • Citation Number : TS-828-ITAT-2018(DEL)-TP
  • Tax Payer : Cengage Learning India P Ltd
Income tax Appellate Tribunal

ITAT:Adopts 0.9 as ALP for Stand-by Letter of Credit issued to AE considering internal-CUP

  • In Favour of Assessee
  • Citation Number : TS-827-ITAT-2018(Mum)-TP
  • Tax Payer : Technocraft Industries (I) Ltd
Income tax Appellate Tribunal

ITAT: Finds no error in ITAT’s direction to uniformly apply filters to all comparables

  • In Favour of Revenue
  • Citation Number : TS-826-ITAT-2018(Bang)-TP
  • Tax Payer : Swiss Re Global Business Solutions India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Recalls Tribunal-order for adjudicating assessee’s claim for exclusion of Persistent Systems

  • In Favour of Assessee
  • Citation Number : TS-825-ITAT-2018(Bang)-TP
  • Tax Payer : Citrix R&D India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs AO/TPO to confront assessee with secret comparables data; Remits ALP-determination

  • In Favour of Both, Partially
  • Citation Number : TS-824-ITAT-2018(DEL)-TP
  • Tax Payer : The Bank of Tokyo Mitsubishi UFJ Ltd
Income tax Appellate Tribunal

ITAT:Deletes Sec40A(2)(b)-disallowance following precedents; Suppliers related only as per AS-18, not Sec 40A(2)

  • In Favour of Assessee
  • Citation Number : TS-823-ITAT-2018(DEL)-TP
  • Tax Payer : Hero Moto Corp Ltd
Income tax Appellate Tribunal

ITAT:Deletes Rs. 436 cr capital-gains addition on slump-sale, rejects FMV substitution invoking Sec 50D/92BA

  • In Favour of Assessee
  • Citation Number : TS-822-ITAT-2018(Ahd)-TP
  • Tax Payer : Gujarat Fluorochemicals Ltd
Income tax Appellate Tribunal

ITAT: Adopts 6% as interest ALP for loans to AEs; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-820-ITAT-2018(DEL)-TP
  • Tax Payer : House of Pearl Fashions Limited
Income tax Appellate Tribunal

ITAT: Dismisses appeal on TP-grounds in view of resolution under APA

  • In Favour of Both, Partially
  • Citation Number : TS-819-ITAT-2018(DEL)-TP
  • Tax Payer : Daikin Air-conditioning India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects assessee’s second miscellaneous petition as contention already adjudicated in first round

  • In Favour of Revenue
  • Citation Number : TS-818-ITAT-2018(Bang)-TP
  • Tax Payer : E4E Business Solutions India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables selection for ITeS-provider; Treats donations, doubtful-debts provision as operating item

  • In Favour of Assessee
  • Citation Number : TS-817-ITAT-2018(DEL)-TP
  • Tax Payer : Evalueserve Com Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes Sec 271G penalty for diamond trader; Follows Navinchandra Exports ruling

  • In Favour of Assessee
  • Citation Number : TS-816-ITAT-2018(Mum)-TP
  • Tax Payer : Dilipkumar V Lakhi
Income tax Appellate Tribunal

ITAT: Excludes E-Infochips as comparable for software developer assessee; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-815-ITAT-2018(PUN)-TP
  • Tax Payer : Redknee (India) Technologies Private Limited
Income tax Appellate Tribunal

ITAT:Rules on comparables for assessee providing vessel related services; Restores PLI-computation

  • In Favour of Both, Partially
  • Citation Number : TS-814-ITAT-2018(Kol)-TP
  • Tax Payer : Bothra Shipping Services (Currently known as Bothra Shipping services Pvt
Income tax Appellate Tribunal

ITAT: Excludes Infosys BPO Ltd, TCS E-Serve and E-Clerx Ltd as comparable for ITeS provider

  • In Favour of Assessee
  • Citation Number : TS-813-ITAT-2018(HYD)-TP
  • Tax Payer : DST Worldwide Services India Pvt Ltd
High Court

HC:Upholds characterization of McKinsey India’s research & information service as KPO

  • In Favour of Both, Partially
  • Citation Number : TS-812-HC-2018(DEL)-TP
  • Tax Payer : MCKINSEY KNOWLEDGE CENTRE INDIA PVT. LTD
Income tax Appellate Tribunal

ITAT: Remits ALP-determination for software design & development services; Follows earlier orders

  • In Favour of Revenue
  • Citation Number : TS-811-ITAT-2018(DEL)-TP
  • Tax Payer : Birlasoft (India) Ltd