Rulings ( 11982 results )

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Income tax Appellate Tribunal

ITAT: No penalty absent notice specifying charge against assessee - concealment /inaccurate income particulars

  • In Favour of Assessee
  • Citation Number : TS-372-ITAT-2018(Kol)-TP
  • Tax Payer : Electrosteel Castings Ltd
Income tax Appellate Tribunal

ITAT:Excludes 2 comparables for marketing support services provider; Follows earlier-year ruling

  • In Favour of Assessee
  • Citation Number : TS-371-ITAT-2018(PUN)-TP
  • Tax Payer : Rieter India Private Limited
Income tax Appellate Tribunal

ITAT: Remitting TP-issue to AO/TPO despite 'cryptic DRP-order' finding, not mistake u/s 254(2)

  • In Favour of Both, Partially
  • Citation Number : TS-370-ITAT-2018(Bang)-TP
  • Tax Payer : Target Corporation India P Ltd
High Court

HC: Admits assessee’s appeal on TCS E-Serve, Infosys BPO comparability for ITeS-provider

  • In Favour of Assessee
  • Citation Number : TS-369-HC-2018(DEL)-TP
  • Tax Payer : Cadence Design Systems (India) Private Limited
Income tax Appellate Tribunal

ITAT: Extends stay as appeal disposal delay not attributable to assessee; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-368-ITAT-2018(Bang)-TP
  • Tax Payer : Finastra Software Solutions (India) Private Ltd
Income tax Appellate Tribunal

ITAT:Remits segmental analysis, forex gain treatment, comparable selection to AO/TPO

  • In Favour of Both, Partially
  • Citation Number : TS-367-ITAT-2018(DEL)-TP
  • Tax Payer : Rolls Royce India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Excludes functionally dissimilar Infosys as comparable for software-support services provider; Follows Agnity

  • In Favour of Both, Partially
  • Citation Number : TS-366-ITAT-2018(DEL)-TP
  • Tax Payer : ZTE Telecom India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remitting one TP-issue to TPO & others to DRP, not mistake u/s254

  • In Favour of Revenue
  • Citation Number : TS-365-ITAT-2018(Bang)-TP
  • Tax Payer : Systat Software Asia Pacific
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on shareholder deposit, AE-receivable and guarantee, follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-364-ITAT-2018(Mum)-TP
  • Tax Payer : Bombay Dyeing & Mfg Co Ltd
Income tax Appellate Tribunal

ITAT:Accepts, in-principle, Euro-PLR for benchmarking interest free loan to AE; Remits ALP-computation

  • In Favour of Assessee
  • Citation Number : TS-363-ITAT-2018(Ahd)-TP
  • Tax Payer : Synchron Research Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds TNMM & foreign AE's selection as tested party for benchmarking advisory services

  • In Favour of Assessee
  • Citation Number : TS-362-ITAT-2018(PUN)-TP
  • Tax Payer : Emerson Climate Technologies
Income tax Appellate Tribunal

ITAT:Quashes assessment made on non-existent entity despite Revenue being aware of merger

  • In Favour of Assessee
  • Citation Number : TS-361-ITAT-2018(Mum)-TP
  • Tax Payer : Ipsos Research Private Limited
Income tax Appellate Tribunal

ITAT:Deletes TP-additions on transactions relating to derivative marketing & money market deposits

  • In Favour of Assessee
  • Citation Number : TS-360-ITAT-2018(Mum)-TP
  • Tax Payer : Barclays Bank PLC
Income tax Appellate Tribunal

ITAT: Averages don’t always give logical results; Rejects bank quotes average as guarantee ALP

  • In Favour of Both, Partially
  • Citation Number : TS-359-ITAT-2018(Kol)-TP
  • Tax Payer : Britannia Industries Ltd
Income tax Appellate Tribunal

ITAT: Excludes 11 comparables for software developer, remits 2 comparables; Follows Hewlett-Packard ruling

  • In Favour of Assessee
  • Citation Number : TS-358-ITAT-2018(CHNY)-TP
  • Tax Payer : SCM Microsystems (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds TP-adjustment restriction to international transactions; Follows Thyssen Krupp HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-357-ITAT-2018(PUN)-TP
  • Tax Payer : Haldex India Limited
Income tax Appellate Tribunal

ITAT: Declines stay on demand arising due to CUP vs. TNMM dispute

  • In Favour of Revenue
  • Citation Number : TS-356-ITAT-2018(Mum)-TP
  • Tax Payer : Firmenich Aromatics Production (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Admits additional evidence for cost allocations, recharges transactions; Remits issue to AO/TPO

  • In Favour of Both, Partially
  • Citation Number : TS-355-ITAT-2018(PUN)-TP
  • Tax Payer : Lear Automotive India Private Limited
Income tax Appellate Tribunal

ITAT:Remits issue of grant of adjustment for unutilized capacity to AO

  • In Favour of Both, Partially
  • Citation Number : TS-354-ITAT-2018(DEL)-TP
  • Tax Payer : M/s. E.I. Dupont India Private Ltd
Income tax Appellate Tribunal

ITAT: Considers transaction between assessee’s HO & third parties as CUP, confirms TP-adjustment deletion

  • In Favour of Assessee
  • Citation Number : TS-353-ITAT-2018(Ahd)-TP
  • Tax Payer : Shandong Tijun Electronic Power Eng Company Ltd