Rulings ( 11982 results )

Filters
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s miscellaneous petition against ITAT’s TP-adjustment on outstanding AE-receivables

  • In Favour of Revenue
  • Citation Number : TS-770-ITAT-2018(Bang)-TP
  • Tax Payer : Ingersoll Rand (India) Ltd
Income tax Appellate Tribunal

ITAT:Upholds CIT(A) order, excludes Gitanjali Exports citing product dissimilarity

  • In Favour of Assessee
  • Citation Number : TS-769-ITAT-2018(Mum)-TP
  • Tax Payer : Uni Design Jewellery Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-determination of AMP-adjustment after ascertaining ‘real nature’ of assessee-AE relationship

  • In Favour of Both, Partially
  • Citation Number : TS-768-ITAT-2018(Bang)-TP
  • Tax Payer : Epson India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Dismisses request for stay extension as appeal already disposed off

  • In Favour of Both, Partially
  • Citation Number : TS-767-ITAT-2018(Bang)-TP
  • Tax Payer : Epson India Pvt Ltd
High Court

HC: Upholds ICRA-Online inclusion; Rejects assessee’s water tight classification for KPO-BPO

  • In Favour of Revenue
  • Citation Number : TS-766-HC-2018(KAR)-TP
  • Tax Payer : Swiss Re global Business Solutions India Pvt Ltd [formerly known as Swiss Re Shared services (India) Pvt Ltd]
High Court

HC: DRP's refusal to condone delay not 'direction' u/s 144C(5); Confirms CIT(A) appeal route

  • In Favour of Revenue
  • Citation Number : TS-759-HC-2018(MAD)-TP
  • Tax Payer : Inno Estates Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on royalty/ intra-group services; TPO cannot determine ALP on estimated basis

  • In Favour of Assessee
  • Citation Number : TS-758-ITAT-2018(Mum)-TP
  • Tax Payer : Firmenich Aromatics India P Ltd
Income tax Appellate Tribunal

ITAT: Accepts assessee’s contentions on comparable selection for software development service

  • In Favour of Assessee
  • Citation Number : TS-757-ITAT-2018(DEL)-TP
  • Tax Payer : Clear 2 Pay India Pvt Ltd (Earlier known as ISIS Infotech Solutions Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on provision of market information services; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-756-ITAT-2018(Mum)-TP
  • Tax Payer : Safilo India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-determination of software sale; Rejects assessee’s contention of comparables non-availability

  • In Favour of Both, Partially
  • Citation Number : TS-755-ITAT-2018(CHNY)-TP
  • Tax Payer : Siemens Limited (Successor in interest to Siemens Building Technologies Pvt. Ltd.,)
Income tax Appellate Tribunal

ITAT: Sets aside DRP-order absent proper analysis of factual matrix, remits issue

  • In Favour of Assessee
  • Citation Number : TS-754-ITAT-2018(DEL)-TP
  • Tax Payer : ExxonMobil Gas (India) Private Limited
Income tax Appellate Tribunal

ITAT:Rejects Microsoft’s claim that TPO accepted TP-study; Directs hearing on merits

  • In Favour of Revenue
  • Citation Number : TS-753-ITAT-2018(DEL)-TP
  • Tax Payer : Microsoft India (R&D) P. Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on AE-reimbursements; Follows earlier order on identical facts

  • In Favour of Assessee
  • Citation Number : TS-752-ITAT-2018(DEL)-TP
  • Tax Payer : Ericsson India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes adjustment on reimbursement towards expenses/fixed assets, rejects TPO's Nil ALP-determination

  • In Favour of Assessee
  • Citation Number : TS-751-ITAT-2018(Mum)-TP
  • Tax Payer : Spencer Staurt (India) Private Limited
Income tax Appellate Tribunal

ITAT: Upholds 3 comparables exclusion; Directs exclusion of depreciation from PLI-computation following precedents

  • In Favour of Assessee
  • Citation Number : TS-750-ITAT-2018(Bang)-TP
  • Tax Payer : Centum Rakon India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 functionally dissimilar comparables for software-developer; Rejects working capital adjustment restriction

  • In Favour of Assessee
  • Citation Number : TS-749-ITAT-2018(Bang)-TP
  • Tax Payer : MetricStream Infotech (India) Pvt Ltd
High Court

HC:Dismisses writ citing alternate remedy; TPO can reconsider royalty rate, post remand

  • In Favour of Revenue
  • Citation Number : TS-748-HC-2018(MAD)-TP
  • Tax Payer : Hyundai Motor India Limited
Income tax Appellate Tribunal

ITAT: Remits issue of considering third-party as AE absent CIT(A) passing speaking order

  • In Favour of Assessee
  • Citation Number : TS-747-ITAT-2018(PUN)-TP
  • Tax Payer : Magic Software Enterprises India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds DRP’s 2.28% guarantee-fee ALP, against TPO’s 3, considering assessee, AE’s credit-rating

  • In Favour of Assessee
  • Citation Number : TS-746-ITAT-2018(Bang)-TP
  • Tax Payer : United Breweries (Holdings) Ltd
Income tax Appellate Tribunal

ITAT: Allows miscellaneous petition; Recalls Tribunal-order for fresh hearing on comparables not adjudicated

  • In Favour of Assessee
  • Citation Number : TS-745-ITAT-2018(Mum)-TP
  • Tax Payer : Blackstone Advisors India Private Limited