Rulings ( 11982 results )

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Income tax Appellate Tribunal

ITAT: Remits comparability of 2 companies involved in fraud in ITeS-segment; Follows Acusis ruling

  • In Favour of Assessee
  • Citation Number : TS-411-ITAT-2018(Bang)-TP
  • Tax Payer : JDA Software Private Limited
Income tax Appellate Tribunal

ITAT:TDS has no bearing on ALP-determination; Directs re-adjudication of transaction nomenclatured as 'royalty'

  • In Favour of Both, Partially
  • Citation Number : TS-410-ITAT-2018(Kol)-TP
  • Tax Payer : Labvantage Solution Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on software purchase from AE; Rejects Nil ALP-determination of IP-rights

  • In Favour of Assessee
  • Citation Number : TS-409-ITAT-2018(HYD)-TP
  • Tax Payer : Value Labs LLP
Income tax Appellate Tribunal

ITAT: Remits ALP-determination of loans to AE using LIBOR/WIBOR rate; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-408-ITAT-2018(PUN)-TP
  • Tax Payer : KPIT Technologies Limited
Income tax Appellate Tribunal

ITAT: Excludes Government companies as comparables; Upholds use of single year data

  • In Favour of Assessee
  • Citation Number : TS-407-ITAT-2018(DEL)-TP
  • Tax Payer : Eli Lilly & Co. (India) Ltd
Income tax Appellate Tribunal

ITAT:Upholds internal comparable and use of unaudited segmental accounts, deletes adjustment

  • In Favour of Assessee
  • Citation Number : TS-406-ITAT-2018(DEL)-TP
  • Tax Payer : Lummus Technology Heat Transfer BV
Income tax Appellate Tribunal

ITAT: Restricts corporate guarantee ALP at 0.5% as against TPO’s 5%; Follows Everest-Kanto

  • In Favour of Assessee
  • Citation Number : TS-405-ITAT-2018(Mum)-TP
  • Tax Payer : Apar Industries Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables in IT/ITeS/Marketing segments; Treats forex-fluctuation as operating item, distinguishes Commscope

  • In Favour of Assessee
  • Citation Number : TS-404-ITAT-2018(Bang)-TP
  • Tax Payer : Finastra Software Solutions (I) P Ltd
Income tax Appellate Tribunal

ITAT:Grants stay considering assessee’s prima facie case on TP-issue and pending refunds

  • In Favour of Assessee
  • Citation Number : TS-403-ITAT-2018(HYD)-TP
  • Tax Payer : eBizNET Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on AMP expenditure and royalty relying on earlier year orders

  • In Favour of Assessee
  • Citation Number : TS-402-ITAT-2018(DEL)-TP
  • Tax Payer : Honda Siel Power Products Ltd
Income tax Appellate Tribunal

ITAT: Market survey benefited assessee, cannot be equated with shareholders’ activity; Deletes TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-401-ITAT-2018(DEL)-TP
  • Tax Payer : BMW India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes AMP-adjustment for trader of life saving devices; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-400-ITAT-2018(Mum)-TP
  • Tax Payer : India Medtronic Private Limited
Income tax Appellate Tribunal

ITAT:Assessee/ Revenue cannot challenge comparables selected in assessment order/TP study respectively

  • In Favour of Assessee
  • Citation Number : TS-399-ITAT-2018(Mum)-TP
  • Tax Payer : Capita Offshore Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts CUP from AE's country for benchmarking export transaction, rejects multi-country average

  • In Favour of Assessee
  • Citation Number : TS-398-ITAT-2018(Mum)-TP
  • Tax Payer : Lupin Limited
Income tax Appellate Tribunal

ITAT: Excludes comparables absent product comparability even at broad level; Follows Rampgreen ruling

  • In Favour of Assessee
  • Citation Number : TS-397-ITAT-2018(Kol)-TP
  • Tax Payer : Schenck Process India Limited
Income tax Appellate Tribunal

ITAT:Cannot reject assessee’s new comparables merely for non-maintaining documentation by specified date

  • In Favour of Both, Partially
  • Citation Number : TS-396-ITAT-2018(PUN)-TP
  • Tax Payer : Faurecia Interior Systems India Private Limited
Income tax Appellate Tribunal

ITAT: Daikin's Indian subsidiary constitutes DAPE; Attributes profits, TP-analysis not adequately reflecting FAR

  • In Favour of Revenue
  • Citation Number : TS-395-ITAT-2018(DEL)-TP
  • Tax Payer : Daikin Industries Ltd
Income tax Appellate Tribunal

ITAT: Holds doubtful-debts provision operating item, following Safe-Harbour Rules; Remits comparables’ margin computation

  • In Favour of Assessee
  • Citation Number : TS-394-ITAT-2018(DEL)-TP
  • Tax Payer : Federal Mogul Ignition Products India Ltd
Income tax Appellate Tribunal

ITAT: Recalls order to decide issue not adjudicated in original order

  • In Favour of Assessee
  • Citation Number : TS-393-ITAT-2018(Bang)-TP
  • Tax Payer : Nuance Transcription Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits matter to re-decide after considering DRP-directions of Forex loss exclusion

  • In Favour of Assessee
  • Citation Number : TS-392-ITAT-2018(DEL)-TP
  • Tax Payer : Quatrro Business Support Services (P) Ltd