Rulings ( 11982 results )

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Supreme Court

SC:Dismisses Revenue’s SLP challenging exclusion of 100 government owned undertaking as comparable

  • In Favour of Assessee
  • Citation Number : TS-493-SC-2018-TP
  • Tax Payer : International SOS Service India P Ltd
Income tax Appellate Tribunal

ITAT: Adjudictes filters using segmental information not entity-level figures, rules on comparable selection

  • In Favour of Both, Partially
  • Citation Number : TS-492-ITAT-2018(Bang)-TP
  • Tax Payer : CGI Information Systems and Management Consultants Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 5 companies as comparable for ITeS-provider, follows judicial precedents & own rulings

  • In Favour of Assessee
  • Citation Number : TS-491-ITAT-2018(DEL)-TP
  • Tax Payer : BT e-Serv (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in software-segment; Remits voluntary TP-adjustment issue for sales-support segment

  • In Favour of Assessee
  • Citation Number : TS-489-ITAT-2018(PUN)-TP
  • Tax Payer : MSC Software Corporation India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 5 comparables for marketing support service provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-488-ITAT-2018(DEL)-TP
  • Tax Payer : Philip Morris Services India S.A
Income tax Appellate Tribunal

ITAT: Upholds DRP’s onsite revenue filter as it meets parameter of Rule 10B(2)

  • In Favour of Assessee
  • Citation Number : TS-487-ITAT-2018(Bang)-TP
  • Tax Payer : EMC Software and Services (India) Private Limited
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar Genesys International as comparable for ITeS provider

  • In Favour of Assessee
  • Citation Number : TS-486-ITAT-2018(DEL)-TP
  • Tax Payer : Exl Service.Com India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits 2 comparables for verification if margin on inclusion within 5 ‘safe-harbour’

  • In Favour of Both, Partially
  • Citation Number : TS-485-ITAT-2018(DEL)-TP
  • Tax Payer : Bentley Systems India Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on AE-receivable, dismisses Revenue’s appeal on comparable selection

  • In Favour of Both, Partially
  • Citation Number : TS-484-ITAT-2018(HYD)-TP
  • Tax Payer : Excellence Data Research Private Limited
Income tax Appellate Tribunal

ITAT: Excludes channel-owners but includes software distributor as comparable for channel distributor

  • In Favour of Assessee
  • Citation Number : TS-483-ITAT-2018(DEL)-TP
  • Tax Payer : Turner International India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects software-product company treatment; Annual report mention without revenue stream/ expenses insufficient

  • In Favour of Both, Partially
  • Citation Number : TS-482-ITAT-2018(DEL)-TP
  • Tax Payer : Virage Logic International
Income tax Appellate Tribunal

ITAT:Remits ALP-determination for GAP International’s international transactions; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-481-ITAT-2018(DEL)-TP
  • Tax Payer : GAP International Sourcing (India) Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal against ITAT's deletion of location advantage adjustment

  • In Favour of Assessee
  • Citation Number : TS-480-HC-2018(BOM)-TP
  • Tax Payer : Watson Pharma Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes penalty, multiple year data, benefit of 5 highly debatable issue for AY2005-06

  • In Favour of Assessee
  • Citation Number : TS-479-ITAT-2018(DEL)-TP
  • Tax Payer : Giesecke and Devrient [I] Pvt Ltd
Income tax Appellate Tribunal

ITAT: Stock valuation as per policy for a technology-driven company constitutes trading operations

  • In Favour of Assessee
  • Citation Number : TS-478-ITAT-2018(Mum)-TP
  • Tax Payer : Vishay Semiconductor India Private Limited
Income tax Appellate Tribunal

ITAT: Turnover increase by Rs.2cr not exceptional, retains Brady & Morris as comparable for manufacturer

  • In Favour of Assessee
  • Citation Number : TS-477-ITAT-2018(PUN)-TP
  • Tax Payer : Terex India Pvt Ltd
Income tax Appellate Tribunal

ITAT: ITAT allows Flowserve's appeal withdrawal on 'management charges' pursuant to India-US MAP resolution

  • In Favour of Assessee
  • Citation Number : TS-476-ITAT-2018(Bang)-TP
  • Tax Payer : Flowserve India Controls Private Limited
High Court

HC: Lays-down principles on ‘substantial question of law’ for TP-appeals on comparables-selection

  • In Favour of Assessee
  • Citation Number : TS-475-HC-2018(KAR)-TP
  • Tax Payer : Softbrands India P Ltd
Income tax Appellate Tribunal

ITAT: Upholds different 'tested parties' for different business models, rejects TPO's aggregated benchmarking

  • In Favour of Assessee
  • Citation Number : TS-474-ITAT-2018(Mum)-TP
  • Tax Payer : WNS Global Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects DRP’s retention of 9 functionally dissimilar comparables for larger comparable-set; Remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-473-ITAT-2018(HYD)-TP
  • Tax Payer : Steelwedge Technologies Pvt Ltd