Rulings ( 11982 results )

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AAR: MasterCard Interface Processor and MasterCard Network constitute fixed place PE in India

  • In Favour of Revenue
  • Citation Number : TS-452-AAR-2018-TP
  • Tax Payer : MasterCard Asia Pacific Pte Ltd
Income tax Appellate Tribunal

ITAT: Remits seconded employee’s salary reimbursement TP-issue to follow earlier year order

  • In Favour of Assessee
  • Citation Number : TS-451-ITAT-2018(HYD)-TP
  • Tax Payer : United States Pharmacopeia India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes FCCDs interest adjustment sans any incriminating material found during search-proceeding

  • In Favour of Assessee
  • Citation Number : TS-450-ITAT-2018(DEL)-TP
  • Tax Payer : Granite Gate Properties Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on outstanding AE-receivables; Follows Pegasystems, Kusum Healthcare rulings

  • In Favour of Assessee
  • Citation Number : TS-449-ITAT-2018(HYD)-TP
  • Tax Payer : Hexagon Capability Center India Private Limited
Income tax Appellate Tribunal

ITAT: Restricts guarantee commission ALP at 0.5% as against TPO’s 1.5%; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-448-ITAT-2018(Mum)-TP
  • Tax Payer : Zee Entertainment Enterprises Limited
Income tax Appellate Tribunal

ITAT:Remits ALP-determination of sales support services, resale of goods & project expense reimbursement

  • In Favour of Both, Partially
  • Citation Number : TS-447-ITAT-2018(Mum)-TP
  • Tax Payer : Jotun India P Ltd
High Court

HC: Upholds Thirumalai Chemicals inclusion as dealing in same product category; Dismisses Revenue’s appeal

  • In Favour of Assessee
  • Citation Number : TS-446-HC-2018(BOM)-TP
  • Tax Payer : Petro Araldite Pvt Ltd
Income tax Appellate Tribunal

ITAT:Dismisses TP-grounds resolved under MAP; Restores other TP-issues for decision according to MAP

  • In Favour of Assessee
  • Citation Number : TS-445-ITAT-2018(DEL)-TP
  • Tax Payer : Marubeni India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Upholds assessee's TNMM over TPO's CPM for benchmarking manufacturer's international transactions; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-444-ITAT-2018(PUN)-TP
  • Tax Payer : Sandvik Asia Pvt. Ltd (formerly known as Sandvik Asia Ltd)
Income tax Appellate Tribunal

ITAT: Forex fluctuation, operating item, even for comparables when 75 export-sales filter applied

  • In Favour of Assessee
  • Citation Number : TS-443-ITAT-2018(PUN)-TP
  • Tax Payer : Aptara Technologies Private Limited (Formerly: Maximize Learning Private Limited)
Income tax Appellate Tribunal

ITAT: Copper manufacturer comparable to assessee's steel business; Product dissimilarity irrelevant under TNMM

  • In Favour of Both, Partially
  • Citation Number : TS-442-ITAT-2018(RAN)-TP
  • Tax Payer : Usha Martin Limited (Earlier known as Usha Beltron Limited)
Income tax Appellate Tribunal

ITAT: Remits MAM selection for distribution of finished product, follows earlier year ITAT-order

  • In Favour of Assessee
  • Citation Number : TS-441-ITAT-2018(DEL)-TP
  • Tax Payer : Stryker India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Upholds TNMM over CUP-method for benchmarking drug-manufacturer’s international transactions; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-440-ITAT-2018(Ahd)-TP
  • Tax Payer : Dishman Pharmaceuticals & Chemicals Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)'s additional evidence admission as TPO given examination opportunity; Distinguishes HC-rulings

  • In Favour of Assessee
  • Citation Number : TS-439-ITAT-2018(PUN)-TP
  • Tax Payer : Stauff India Private Limited
Income tax Appellate Tribunal

ITAT: Upholds outsourcing cost as operating expense considering direct relation to assessee’s software-development

  • In Favour of Both, Partially
  • Citation Number : TS-438-ITAT-2018(Mum)-TP
  • Tax Payer : Lionbridge Technologies Private Limited
Income tax Appellate Tribunal

ITAT: Remits ALP-determination of management services, interest on outstanding AE-receivables

  • In Favour of Both, Partially
  • Citation Number : TS-437-ITAT-2018(DEL)-TP
  • Tax Payer : Aircom International (India) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Upholds Nil ALP determination for intra-group services; Refuses admission of additional evidence

  • In Favour of Revenue
  • Citation Number : TS-1109-ITAT-2017(Bang)-TP
  • Tax Payer : Volvo India P Ltd
High Court

HC:Upholds ITAT; No interest adjustment on outstanding AE-receivables when independent transaction interest-free

  • In Favour of Assessee
  • Citation Number : TS-436-HC-2018(RAJ)-TP
  • Tax Payer : Sharda Spuntex Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes Accentia & TCS E-Serve entities as comparables for database support provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-435-ITAT-2018(DEL)-TP
  • Tax Payer : H & S Software Development and Knowledge Management Centre Pvt Ltd
Income tax Appellate Tribunal

ITAT:Adopts SBI-PLR for benchmarking outstanding AE-receivables for expenses incurred by assessee in INR

  • In Favour of Both, Partially
  • Citation Number : TS-433-ITAT-2018(COCH)-TP
  • Tax Payer : Allianz Cornhill Information Services Private Limited