Rulings ( 11982 results )

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Income tax Appellate Tribunal

ITAT: Quashes assessment in non-existent company's name; Deletes AMP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-514-ITAT-2018(DEL)-TP
  • Tax Payer : Sony Mobile Communications India (P) Ltd. (now merged with Sony India Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Dismisses McDonald’s appeal on TP-grounds in view of resolution under MAP

  • In Favour of Assessee
  • Citation Number : TS-513-ITAT-2018(DEL)-TP
  • Tax Payer : Mcdonald’s India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes assessment citing failure to follow CBDT Instruction 3/2003; Follows Calance Software ruling

  • In Favour of Assessee
  • Citation Number : TS-512-ITAT-2018(DEL)-TP
  • Tax Payer : Bucher Hydraulics Pvt
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on support services; No mark-up required on third-party costs

  • In Favour of Assessee
  • Citation Number : TS-511-ITAT-2018(DEL)-TP
  • Tax Payer : CPS Cash Processing Solutions Private Ltd
High Court

HC:Rs. 655 cr refund 'release' for Vodafone, assuages Dept's Idea merger concerns via bank guarantee

  • In Favour of Assessee
  • Citation Number : TS-510-HC-2018(DEL)-TP
  • Tax Payer : Vodafone Mobile Services Ltd.
Income tax Appellate Tribunal

ITAT:Adopts profit before depreciation as PLI, distinguishes earlier-order; Upholds 2 comparables exclusion

  • In Favour of Both, Partially
  • Citation Number : TS-509-ITAT-2018(Bang)-TP
  • Tax Payer : Indigra Exports Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects seafood exporter's claim for adjustment to CUP absent data substantiating claim

  • In Favour of Revenue
  • Citation Number : TS-508-ITAT-2018(COCH)-TP
  • Tax Payer : Torry Harris Sea Foods Pvt Ltd
Income tax Appellate Tribunal

ITAT: Exclude 10 companies as comparable for captive ITeS service provider; Follows judicial precedents

  • In Favour of Assessee
  • Citation Number : TS-507-ITAT-2018(DEL)-TP
  • Tax Payer : H & S Software Development and Knowledge Management Centre Pvt Ltd
High Court

HC: Upholds LIBOR+2% as interest-ALP for loan to Mauritius AE; Follows Aurinpro ruling

  • In Favour of Assessee
  • Citation Number : TS-506-HC-2018(BOM)-TP
  • Tax Payer : S B & T International Ltd
Supreme Court

SC: Admits SLP against HC-order confirming adjustment to ALP for Forex fluctuation

  • In Favour of Assessee
  • Citation Number : TS-505-SC-2018-TP
  • Tax Payer : Schneider Electric India Pvt Ltd
Supreme Court

SC: Dismisses SLP against HC-order deleting royalty addition

  • In Favour of Assessee
  • Citation Number : TS-504-SC-2018-TP
  • Tax Payer : SAKATA INX INDIA LIMITED
Income tax Appellate Tribunal

ITAT: Acquisition of company overseas doesn’t make it incomparable; Bad-debts provision, an operating item

  • In Favour of Both, Partially
  • Citation Number : TS-503-ITAT-2018(HYD)-TP
  • Tax Payer : Hyundai Motor India Engg Pvt Ltd
High Court

HC: Dismisses Revenue's appeal; Upholds gross profit/sales as PLI for auto-components import

  • In Favour of Assessee
  • Citation Number : TS-502-HC-2018(KAR)-TP
  • Tax Payer : Kirloskar Toyota Textile Machinery Private Ltd (formerly known as Kirloskar Toyota Textile Machinery Private Ltd)
High Court

HC: Quashes reassessment alleging 'deemed-international transaction' absent notice mentioning Rs 1 lakh+ income escapement

  • In Favour of Assessee
  • Citation Number : TS-501-HC-2018(KAR)-TP
  • Tax Payer : NOVO NORDISK INDIA PRIVATE LIMITED
Income tax Appellate Tribunal

ITAT: E-Zest, not KPO, retains as comparable for assessee providing software & distribution services

  • In Favour of Assessee
  • Citation Number : TS-500-ITAT-2018(HYD)-TP
  • Tax Payer : Open Text Corporation India Pvt Ltd (earlier known as Cordys Software India Products Ltd)
High Court

HC: Dismisses Revenue's appeal against ITAT-order deleting TP-adjustment; Follows Softbands ruling

  • In Favour of Assessee
  • Citation Number : TS-499-HC-2018(KAR)-TP
  • Tax Payer : Motorola Solutions India P Ltd (Earlier known as Motorola India Electronics P Ltd)
High Court

HC: Dismisses Revenue's appeal against ITAT-order excluding high turnover comparables; Follows Softbands ruling

  • In Favour of Assessee
  • Citation Number : TS-498-HC-2018(KAR)-TP
  • Tax Payer : Swiss Re Global Business Solutions India P Ltd
High Court

HC: Dismisses Revenue's appeal against ITAT-order on comparable selection relying on Softbands ruling

  • In Favour of Assessee
  • Citation Number : TS-496-HC-2018(KAR)-TP
  • Tax Payer : Zyme Solutions P Ltd
Income tax Appellate Tribunal

ITAT:Excludes 3 comparables for functional dissimilarity, segmental data unavailability in second appeal round

  • In Favour of Assessee
  • Citation Number : TS-495-ITAT-2018(DEL)-TP
  • Tax Payer : Corning SAS- India Branch Office
Income tax Appellate Tribunal

ITAT: Quashes AO’s order incorporating DRP-directions issued ex-parte on comparables; Remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-494-ITAT-2018(Bang)-TP
  • Tax Payer : Jamcracker Software Technologies Pvt Ltd