Rulings ( 11982 results )

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Income tax Appellate Tribunal

ITAT:Excludes Kerala Travel and Cox & King as comparable for assessee’s tourism services

  • In Favour of Assessee
  • Citation Number : TS-744-ITAT-2018(Bang)-TP
  • Tax Payer : Enchanting Travels Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds TNMM for lubricant import; Geographical & other differences make CUP unreliable

  • In Favour of Both, Partially
  • Citation Number : TS-743-ITAT-2018(Mum)-TP
  • Tax Payer : G S Caltex India P Ltd
Income tax Appellate Tribunal

ITAT:Deletes Sony's AMP-adjustment; Expenditure not for 'brand-building' but 'brand-maintenance' at best

  • In Favour of Assessee
  • Citation Number : TS-741-ITAT-2018(DEL)-TP
  • Tax Payer : Sony Mobile Communications [India] Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Remits margin computation to consider significant difference between assessee's & comparables employee cost

  • In Favour of Both, Partially
  • Citation Number : TS-739-ITAT-2018(HYD)-TP
  • Tax Payer : Planet Online Private Limited
Income tax Appellate Tribunal

ITAT:Confirms royalty ALP at 4.05, upholds export commission TP-adjustment & restores AMP-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-738-ITAT-2018(DEL)-TP
  • Tax Payer : LG Electronics India (P) Ltd
Income tax Appellate Tribunal

ITAT: Image and web-development services, part of ITES; Rejects Revenue’s comparables remand plea

  • In Favour of Both, Partially
  • Citation Number : TS-737-ITAT-2018(Mum)-TP
  • Tax Payer : Accenture Services Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects RPM for books reprinting & distribution, notes value addition, assets deployment

  • In Favour of Both, Partially
  • Citation Number : TS-736-ITAT-2018(DEL)-TP
  • Tax Payer : Cengage Learning India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on royalty payment to AE; Follows ruling in AE’s case

  • In Favour of Assessee
  • Citation Number : TS-735-ITAT-2018(Kol)-TP
  • Tax Payer : Indian Explosives P Ltd
Income tax Appellate Tribunal

ITAT:Adopts LIBOR for benchmarking interest on AE-loan; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-734-ITAT-2018(HYD)-TP
  • Tax Payer : Nagarjuna Fertilizers and Chemicals Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables for ITeS-provider; Remits application of 25 RPT-filter for 1 comparable

  • In Favour of Both, Partially
  • Citation Number : TS-733-ITAT-2018(DEL)-TP
  • Tax Payer : Pipal Research Analytics and Information Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Restores penalty issue to AO since quantum TP-addition restored back to lower-authorities

  • In Favour of Assessee
  • Citation Number : TS-732-ITAT-2018(DEL)-TP
  • Tax Payer : G4S Secure Solutions [I] P Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment on AE-loan in second-appeal considering TPO’s transgression from Tribunal’s directions

  • In Favour of Both, Partially
  • Citation Number : TS-731-ITAT-2018(DEL)-TP
  • Tax Payer : Aithent Technologies Pvt Ltd
Foreign Court

FC: US Appeals Court reverses Altera decision, upholds IRS regulation requiring stock-based compensation costs sharing

  • In Favour of Assessee
  • Citation Number : TS-1143-FC-2017(USA)-TP
  • Tax Payer : Altera Corporation & Subsidiaries
Income tax Appellate Tribunal

ITAT: Advocates ‘uniform filters’ for comparables selection; Treats forex-fluctuation as non-operating item

  • In Favour of Assessee
  • Citation Number : TS-730-ITAT-2018(PUN)-TP
  • Tax Payer : Tasty Bite Eatables Limited
Income tax Appellate Tribunal

ITAT:Remits royalty, technical fees benchmarking following earlier orders

  • In Favour of Assessee
  • Citation Number : TS-729-ITAT-2018(DEL)-TP
  • Tax Payer : Munjal Showa Ltd
Supreme Court

SC:Dismisses Revenue’s SLP; Upholds HC order on comparables selection

  • In Favour of Assessee
  • Citation Number : TS-728-SC-2018-TP
  • Tax Payer : Sojitz India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Holds Forex gains and write back of doubtful debt provision as operating income

  • In Favour of Assessee
  • Citation Number : TS-727-ITAT-2018(PUN)-TP
  • Tax Payer : Imerys NewQuest (India) Private Limited
Income tax Appellate Tribunal

ITAT: Rejects miscellaneous petition as assessee’s ground for comparables exclusion general, not specific

  • In Favour of Revenue
  • Citation Number : TS-726-ITAT-2018(Bang)-TP
  • Tax Payer : Netscout Systems Software India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants further 6 months stay extension; Delay in appeal disposal non-attributable to assessee

  • In Favour of Assessee
  • Citation Number : TS-725-ITAT-2018(Bang)-TP
  • Tax Payer : Manipal Global Education Services P Ltd
Income tax Appellate Tribunal

ITAT:Allows miscellaneous petition; Modifies Tribunal’s operating costs allocation key for ALP-determination

  • In Favour of Assessee
  • Citation Number : TS-724-ITAT-2018(Bang)-TP
  • Tax Payer : Yokogawa India Ltd