Rulings ( 11982 results )

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Income tax Appellate Tribunal

ITAT:Remits ALP-determination for after sales support services; Liquidated damages, not direct cost

  • In Favour of Revenue
  • Citation Number : TS-810-ITAT-2018(Mum)-TP
  • Tax Payer : Rosoboronservice India Ltd
Income tax Appellate Tribunal

ITAT:Recalls Tribunal-order to adjudicate 2 grounds on comparables selection inadvertently un-adjudicated

  • In Favour of Revenue
  • Citation Number : TS-809-ITAT-2018(Bang)-TP
  • Tax Payer : Century Link Technologies Pvt Ltd (Formerly known as Qwest Telecom Software Service Pvt.Ltd)
Income tax Appellate Tribunal

ITAT:Additional disallowance in final assessment order in deviation from draft order, impermissible

  • In Favour of Assessee
  • Citation Number : TS-808-ITAT-2018(Mum)-TP
  • Tax Payer : Piramal Enterprises Ltd
Income tax Appellate Tribunal

ITAT: Excludes 26 comparables in IT & ITeS segments; Rejects Revenue’s ‘cherry picking’ objection

  • In Favour of Assessee
  • Citation Number : TS-807-ITAT-2018(Mum)-TP
  • Tax Payer : Dialogic Networks (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Excludes 4 companies as comparable for marketing support service provider

  • In Favour of Assessee
  • Citation Number : TS-806-ITAT-2018(DEL)-TP
  • Tax Payer : Philip Morris Services India S A (Now known as Philip Morris Services India SARL)
Income tax Appellate Tribunal

ITAT: Upholds assessee’s contention on aggregated benchmarking, external comparables and PLI; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-805-ITAT-2018(PUN)-TP
  • Tax Payer : Cummins India Limited
Income tax Appellate Tribunal

ITAT:Follows previous Tribunal ruling, deletes secondary adjustment on sale of business

  • In Favour of Assessee
  • Citation Number : TS-804-ITAT-2018(Mum)-TP
  • Tax Payer : Prudential Process Management Services India Private Limited
Income tax Appellate Tribunal

ITAT: Directs demonstration of turnover filter relevance in assessee’s peculiar line of business

  • In Favour of Revenue
  • Citation Number : TS-803-ITAT-2018(Mum)-TP
  • Tax Payer : Roche Diagnostics India Private Limited
Income tax Appellate Tribunal

ITAT: Accepts CUP over TPO’s TNMM for benchmarking imports in manufacturing-segment; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-802-ITAT-2018(Bang)-TP
  • Tax Payer : Lenovo (India) Private Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on royalty and model fees, follows earlier year order

  • In Favour of Assessee
  • Citation Number : TS-801-ITAT-2018(DEL)-TP
  • Tax Payer : Hero Moto Corp Ltd
Foreign Court

FC: Ninth Circuit withdraws Altera opinion validating IRS-Regulation providing for sharing stock-based compensation costs

  • In Favour of Revenue
  • Citation Number : TS-1512-FC-2018(USA)-TP
  • Tax Payer : Altera Corporation & Subsidiaries
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on non-binding advisory services, excludes Motilal Oswal as comparable

  • In Favour of Assessee
  • Citation Number : TS-800-ITAT-2018(Mum)-TP
  • Tax Payer : IIML Assets Advisors Ltd (Formerly known as Saffron Asset Advisors Pvt. Ltd.,)
Income tax Appellate Tribunal

ITAT: Rejects TPO’s KPO characterization for assessee rendering software services; Remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-799-ITAT-2018(Bang)-TP
  • Tax Payer : Open Silicon Research Pvt Ltd
Income tax Appellate Tribunal

ITAT: Cannot compare refrigeration of movable items with immovable items refrigeration, remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-798-ITAT-2018(DEL)-TP
  • Tax Payer : Carrier Air-conditioning & Refrigeration Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables for ITeS-provider; Deletes TP-adjustment on outstanding AE-receivables

  • In Favour of Assessee
  • Citation Number : TS-797-ITAT-2018(HYD)-TP
  • Tax Payer : C3i Support Services Private Limited
Income tax Appellate Tribunal

ITAT:Dismisses Revenue’s appeal as TP-issues already remitted while deciding assessee’s appeal

  • In Favour of Both, Partially
  • Citation Number : TS-796-ITAT-2018(Bang)-TP
  • Tax Payer : Wipro GE Healthcare Pvt Ltd (For the merged GE Medical System (India) Pvt. Ltd.,)
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment on CCDs borrowed by assessee; Directs consideration of co-ordinate bench ruling

  • In Favour of Both, Partially
  • Citation Number : TS-795-ITAT-2018(Bang)-TP
  • Tax Payer : Adamas Builders Pvt Ltd
High Court

HC: Derides Revenue for filing TP-appeals on comparables selection in ‘ritualistic manner’

  • In Favour of Revenue
  • Citation Number : TS-787-HC-2018(BOM)-TP
  • Tax Payer : Barclays Technology Centre India Private Ltd
High Court

HC: Upholds ITAT-order quashing assessment; Draft order issue necessary even in remand proceedings

  • In Favour of Assessee
  • Citation Number : TS-773-HC-2018(BOM)-TP
  • Tax Payer : Andrew Telecommunications Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes depreciation disallowance on IPR considering TP-adjustment deletion towards IPR-valuation

  • In Favour of Assessee
  • Citation Number : TS-771-ITAT-2018(Mum)-TP
  • Tax Payer : Gharda Chemicals Ltd