Rulings ( 11982 results )

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Income tax Appellate Tribunal

ITAT: Excludes Infosys, Kals, Bodhtree, Tata Elxsi for software developer; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-432-ITAT-2018(DEL)-TP
  • Tax Payer : Mentor Graphics (India) Pvt Ltd
High Court

HC: Admits Revenue’s appeal regarding ITAT’s comparables exclusion for Samsung Heavy Industries

  • In Favour of Revenue
  • Citation Number : TS-431-HC-2018(ALL)-TP
  • Tax Payer : Samsung Heavy Industries India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Modifies ITAT-order to correct RPT verification for Denison from 25% to 15%

  • In Favour of Revenue
  • Citation Number : TS-430-ITAT-2018(Bang)-TP
  • Tax Payer : British Engines (India) Pvt. Ltd
High Court

HC: Admits Revenue’s appeal against ITAT’s exclusion of Wipro, TCS for Adobe-India

  • In Favour of Revenue
  • Citation Number : TS-429-HC-2018(ALL)-TP
  • Tax Payer : Adobe Systems India Pvt. Ltd
Income tax Appellate Tribunal

ITAT:Excludes 2 comparables failing Rs.200cr turnover filter applied by TPO himself

  • In Favour of Assessee
  • Citation Number : TS-428-ITAT-2018(CHNY)-TP
  • Tax Payer : Socomec Innovative Power Solutions Private Ltd
Income tax Appellate Tribunal

ITAT: Remits benchmarking of international transactions for adopting internal TNMM; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-427-ITAT-2018(Bang)-TP
  • Tax Payer : Brillio Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes corporate guarantee adjustment following earlier ITAT-ruling; Remits AE-loan interest issue

  • In Favour of Assessee
  • Citation Number : TS-426-ITAT-2018(Kol)-TP
  • Tax Payer : EIH Limited
Income tax Appellate Tribunal

ITAT: Includes comparable despite strike during year citing insignificant impact on turnover

  • In Favour of Assessee
  • Citation Number : TS-425-ITAT-2018(PUN)-TP
  • Tax Payer : WIKA Instruments India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment, man-hours utilized, not committed appropriate cost allocation key

  • In Favour of Assessee
  • Citation Number : TS-424-ITAT-2018(DEL)-TP
  • Tax Payer : Triune Energy Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Operating profit/marketing cost, not a proper PLI for marketing cost ALP-determination; Remits issue

  • In Favour of Assessee
  • Citation Number : TS-423-ITAT-2018(Mum)-TP
  • Tax Payer : First Source Solutions Ltd
Income tax Appellate Tribunal

ITAT: Restores MAM-selection for benchmarking assessee manufacturer’s international transactions; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-422-ITAT-2018(Mum)-TP
  • Tax Payer : ASB International Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects 50% profit-attribution to Indian branch on HO's sales absent economic nexus

  • In Favour of Assessee
  • Citation Number : TS-421-ITAT-2018(DEL)-TP
  • Tax Payer : Corning SAS- India Branch Office (Formerly known as Corning SA-India Branch Office)
Income tax Appellate Tribunal

ITAT:Upholds exclusion of trading entity for benchmarking service entity’s marketing-services under TNMM

  • In Favour of Assessee
  • Citation Number : TS-420-ITAT-2018(Mum)-TP
  • Tax Payer : Hitachi Data Systems India Pvt Ltd
High Court

HC: Remits royalty, AMP issues; Holds ITAT’s observations on foreign comparables as ‘unwarranted’

  • In Favour of Assessee
  • Citation Number : TS-419-HC-2018(DEL)-TP
  • Tax Payer : Vodafone Mobile Services Ltd
Income tax Appellate Tribunal

ITAT: Fund & Non-fund based facility not at par; Adopts 0.2% as counter-guarantee ALP

  • In Favour of Assessee
  • Citation Number : TS-418-ITAT-2018(Mum)-TP
  • Tax Payer : Zee Entertainment Enterprises Limited
Income tax Appellate Tribunal

ITAT:Directs adoption of LIBOR+300bps as interest-ALP for AE-loan; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-417-ITAT-2018(Mum)-TP
  • Tax Payer : Roha Dyechem Ltd
Income tax Appellate Tribunal

ITAT:Remits TP-issue noting non-use of relevant year data, adjustment on non-AE transactions

  • In Favour of Both, Partially
  • Citation Number : TS-416-ITAT-2018(Bang)-TP
  • Tax Payer : Makino India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Quashes assessment sans draft order issue; Show-cause notice not draft order

  • In Favour of Assessee
  • Citation Number : TS-415-ITAT-2018(JPR)-TP
  • Tax Payer : Jaipur Rugs Company (P) Ltd
High Court

HC: Sets aside ITAT-order confirming royalty adjustment absent consideration of Sony, Siemens rulings

  • In Favour of Assessee
  • Citation Number : TS-414-HC-2018(KAR)-TP
  • Tax Payer : Kaypee Electronics & Associates Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on outstanding AE-receivables as amounts realized within 1-year, follows GSS-Infotech

  • In Favour of Both, Partially
  • Citation Number : TS-412-ITAT-2018(HYD)-TP
  • Tax Payer : Cura Technologies Ltd