Rulings ( 11982 results )

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Income tax Appellate Tribunal

ITAT:Rejects TPO’s characterization of assessee as investment/ financial advisor; Remits issue following precedents

  • In Favour of Assessee
  • Citation Number : TS-723-ITAT-2018(DEL)-TP
  • Tax Payer : Control Risks India Pvt Ltd
High Court

HC: Dismisses assessee’s appeal; Upholds ITAT’s denial of risk adjustment following Zyme Solutions

  • In Favour of Revenue
  • Citation Number : TS-722-HC-2018(KAR)-TP
  • Tax Payer : SOLIDCORE TECHSOFT SYSTEMS (INDIA) PVT LTD (NOW MERGED WITH McAfee SOFTWARE INIDA PVT. LTD.)
High Court

HC:Stays TPO’s Sec 92CA(2) notice absent AO’s disposal of assessee’s objections to reassessment

  • In Favour of Assessee
  • Citation Number : TS-721-HC-2018(MAD)-TP
  • Tax Payer : Alden Prepress Services Private Limited
High Court

HC: Sec 144C-procedure applicable even in remand cases; Quashes assessment without 'draft order'

  • In Favour of Assessee
  • Citation Number : TS-719-HC-2018(BOM)-TP
  • Tax Payer : Dimension Data Asia Pacific PTE Ltd
High Court

HC: Dismisses Revenue's appeal; ITAT-observation on TP-provisions inapplicability to tax-holiday unit not prejudicial

  • In Favour of Assessee
  • Citation Number : TS-701-HC-2018(KAR)-TP
  • Tax Payer : Philips Software Centre Pvt. Ltd
High Court

HC: Dismisses Revenue’s appeal challenging ITAT’s comparables selection; Follows Softbrands ruling

  • In Favour of Assessee
  • Citation Number : TS-679-HC-2018(KAR)-TP
  • Tax Payer : TNT INDIA PRIVATE LIMITED
Income tax Appellate Tribunal

ITAT: Only consistent loss-maker can be rejected as comparable; Excludes functionally dissimilar companies

  • In Favour of Both, Partially
  • Citation Number : TS-658-ITAT-2018(PUN)-TP
  • Tax Payer : Nihilent Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits comparability issue to AO/TPO for assessee’s technical support services to AE

  • In Favour of Both, Partially
  • Citation Number : TS-628-ITAT-2018(DEL)-TP
  • Tax Payer : Granite Services International India Private Limited
Income tax Appellate Tribunal

ITAT:Confirms Sec 271AA/ 271G penalty absent reasonable cause for TP-documentation maintenance & furnishing failure

  • In Favour of Revenue
  • Citation Number : TS-627-ITAT-2018(CHNY)-TP
  • Tax Payer : India Pistons Ltd
Income tax Appellate Tribunal

ITAT: Excludes Acropetal Technologies having abnormally high profit and average operating margin

  • In Favour of Assessee
  • Citation Number : TS-626-ITAT-2018(CHNY)-TP
  • Tax Payer : Bloom Energy India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Adopts internal-TNMM for benchmarking engineering design services; Accepts assessee’s man-hourly rates comparison plea

  • In Favour of Assessee
  • Citation Number : TS-625-ITAT-2018(PUN)-TP
  • Tax Payer : Magna Steyr India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes assessment framed on non-existent amalgamating company; Follows Genpact ruling

  • In Favour of Assessee
  • Citation Number : TS-624-ITAT-2018(DEL)-TP
  • Tax Payer : Akzo Nobel India Ltd., (formerly known as Akzo Nobel Car Refinishes India Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT:Salary reimbursement for Morgan Stanley's seconded employee not FTS ; Deletes TP mark-up

  • In Favour of Assessee
  • Citation Number : TS-623-ITAT-2018(Mum)-TP
  • Tax Payer : Morgan Stanley Asia (Singapore) Pte.
Income tax Appellate Tribunal

ITAT: Confirms CIT(A) order deleting TP-adjustment on ITeS, relies upon earlier ITAT-order

  • In Favour of Assessee
  • Citation Number : TS-622-ITAT-2018(DEL)-TP
  • Tax Payer : Everest Business Advisory India (P) Ltd
Income tax Appellate Tribunal

ITAT: Quashes assessment order passed on non-existent amalgamating company as invalid; Distinguishes Sky-Hospitality

  • In Favour of Assessee
  • Citation Number : TS-621-ITAT-2018(PUN)-TP
  • Tax Payer : Akzo Nobel India Limited (as successor of Akzo Nobel Chemicals (India) Limited)
Income tax Appellate Tribunal

ITAT: Remits ALP-determination of royalty following earlier year ITAT orders

  • In Favour of Revenue
  • Citation Number : TS-620-ITAT-2018(DEL)-TP
  • Tax Payer : JCB India Ltd
Income tax Appellate Tribunal

ITAT:Comparable inclusion despite earlier year exclusion, not mistake; Reconsideration u/s 254(2) not necessary

  • In Favour of Revenue
  • Citation Number : TS-619-ITAT-2018(Mum)-TP
  • Tax Payer : Lionbridge Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 companies for software development services; Remits 2 companies comparability for staffing services

  • In Favour of Both, Partially
  • Citation Number : TS-618-ITAT-2018(DEL)-TP
  • Tax Payer : PYRAMID IT CONSULTING P LTD
Income tax Appellate Tribunal

ITAT: Holds foreign exchange fluctuation gains as operating income; Rules on comparable selection

  • In Favour of Assessee
  • Citation Number : TS-617-ITAT-2018(DEL)-TP
  • Tax Payer : NEC Technologies India P Ltd
High Court

HC: Dismisses Revenue's appeal on TP-issue noting resolution under MAP

  • In Favour of Assessee
  • Citation Number : TS-616-HC-2018(KAR)-TP
  • Tax Payer : SIEBEL SYSTEMS SOFTWARE (INDIA) P LTD