Rulings ( 11982 results )

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Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment for provision of manning services; Follows earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-391-ITAT-2018(Mum)-TP
  • Tax Payer : Wilhemsen Ship Management India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparable for technical services; Remits ALP-determination of back-office support services

  • In Favour of Both, Partially
  • Citation Number : TS-390-ITAT-2018(Mum)-TP
  • Tax Payer : ExxonMobil Company India Private Limited
Income tax Appellate Tribunal

ITAT: Remits Bodhtree comparability for verification of revenue recognition policy impact on profit

  • In Favour of Assessee
  • Citation Number : TS-389-ITAT-2018(DEL)-TP
  • Tax Payer : Opera Solutions Management Consulting Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows capacity adjustment in-principle; Considers impact on windmill business post 2012-amendments

  • In Favour of Assessee
  • Citation Number : TS-388-ITAT-2018(CHNY)-TP
  • Tax Payer : Bonfigioli Transmissions Private Limited
Income tax Appellate Tribunal

ITAT: Rejects assessee’s risk adjustment on estimated-basis, holds clear/logical workings necessary

  • In Favour of Revenue
  • Citation Number : TS-387-ITAT-2018(CHNY)-TP
  • Tax Payer : Infac India Pvt Limited
Income tax Appellate Tribunal

ITAT:Upholds CIT(A)-order; Higher TP-margins not ground to deny tax holiday, follows Honeywell

  • In Favour of Assessee
  • Citation Number : TS-386-ITAT-2018(PUN)-TP
  • Tax Payer : Faurecia Interior Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes corporate guarantee adjustment, holds commission rates 0.25% -0.53% as reasonable; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-385-ITAT-2018(VIZ)-TP
  • Tax Payer : GVK Power & Infrastructure Ltd
Foreign Court

FC: Mauritius Tribunal directs disclosure of 'secret comparables' information for Customs Valuation purpose

  • In Favour of Assessee
  • Citation Number : TS-1511-FC-2018-TP
  • Tax Payer : Romeo Textiles Ltd
Income tax Appellate Tribunal

ITAT: Restores TP-adjustment on outstanding AE-receivables; Follows earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-384-ITAT-2018(Mum)-TP
  • Tax Payer : Information System Resource Centre Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-determination of commission payment following earlier ITAT order

  • In Favour of Assessee
  • Citation Number : TS-383-ITAT-2018(CHNY)-TP
  • Tax Payer : Intimate Fashions (India) Private
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on corporate guarantee absent profit diversion intention; Follows various precedents

  • In Favour of Assessee
  • Citation Number : TS-382-ITAT-2018(DEL)-TP
  • Tax Payer : Spentex Industries Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables for ITeS-provider, follows precedents; Remits comparables’ operating margin computation

  • In Favour of Assessee
  • Citation Number : TS-381-ITAT-2018(DEL)-TP
  • Tax Payer : GE India Business Services Pvt Ltd
Income tax Appellate Tribunal

ITAT:Grants conditional stay; Comparables selection and turnover filter application in dispute

  • In Favour of Assessee
  • Citation Number : TS-380-ITAT-2018(Bang)-TP
  • Tax Payer : Mobily Infotech India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Includes TCS entities as comparables for ITeS-provider, rejects Tata Brand impact plea

  • In Favour of Both, Partially
  • Citation Number : TS-379-ITAT-2018(DEL)-TP
  • Tax Payer : Smart Cube India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits TP-adjustment on intra-group service and outstanding AE-receivables

  • In Favour of Assessee
  • Citation Number : TS-378-ITAT-2018(DEL)-TP
  • Tax Payer : Aircom International (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Cannot adopt CUP for marginal segment when TNMM applied for remaining transactions

  • In Favour of Both, Partially
  • Citation Number : TS-377-ITAT-2018(PUN)-TP
  • Tax Payer : Tetra Pak India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds working capital adjustment; Notes DRP considered decisions of co-ordinate ITAT-Benches

  • In Favour of Assessee
  • Citation Number : TS-376-ITAT-2018(DEL)-TP
  • Tax Payer : Kyocera Asia Pacific India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Permits Microchip to withdraw appeal on TP-issues in light of APA-resolution

  • In Favour of Assessee
  • Citation Number : TS-375-ITAT-2018(Bang)-TP
  • Tax Payer : Microchip Technology (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects addition of comparable’s margin to assessee’s margin for ALP-determination; Remits issue

  • In Favour of Assessee
  • Citation Number : TS-374-ITAT-2018(COCH)-TP
  • Tax Payer : Joy Alukkas (India) Ltd
Income tax Appellate Tribunal

ITAT: Upholds TPO's exclusion of 3 comparables, inclusion of 1; Remits 1 comparable

  • In Favour of Both, Partially
  • Citation Number : TS-373-ITAT-2018(Bang)-TP
  • Tax Payer : Advice America Software Development Center Pvt Ltd