Rulings ( 11982 results )

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Income tax Appellate Tribunal

ITAT:Deletes TP-adjustments on IPR-sale to AE, management consultancy fees; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-332-ITAT-2018(HYD)-TP
  • Tax Payer : DQ Entertainment (International) Ltd
Income tax Appellate Tribunal

ITAT: Upholds Rs.1-200cr turnover filter application; Excludes 3 comparables for software-developer

  • In Favour of Assessee
  • Citation Number : TS-331-ITAT-2018(PUN)-TP
  • Tax Payer : Billion Hands Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables citing functional dissimilarity, extraordinary events impact; Follows Rampgreeen ruling

  • In Favour of Assessee
  • Citation Number : TS-330-ITAT-2018(DEL)-TP
  • Tax Payer : GE India Business Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on intra-group services following earlier year ITAT-order

  • In Favour of Assessee
  • Citation Number : TS-329-ITAT-2018(Kol)-TP
  • Tax Payer : Chryso India Private Limited (formerly known as ‘The structural Waterproofing Company Private Limited’)
Income tax Appellate Tribunal

ITAT: Quashes TP-adjustment; AO's reassumption of jurisdiction after TPO-reference would lead to 'anarchy'

  • In Favour of Assessee
  • Citation Number : TS-328-ITAT-2018(JODH)-TP
  • Tax Payer : Hindustan Zinc. Ltd
High Court

HC: Admits Nokia Siemens’ appeal regarding AO’s reference to TPO

  • In Favour of Assessee
  • Citation Number : TS-327-HC-2018(DEL)-TP
  • Tax Payer : Nokia Siemens Networks India Private Limited
Supreme Court

SC: Dismisses Revenue’s SLP; HC upheld CUP non-applicability for benchmarking royalty transaction

  • In Favour of Assessee
  • Citation Number : TS-326-SC-2018-TP
  • Tax Payer : SAKATA INX (INDIA) LIMITED
Income tax Appellate Tribunal

ITAT:Accepts bona-fide nature of intra-group services; Remits benchmarking to follow Cushman ratio

  • In Favour of Both, Partially
  • Citation Number : TS-325-ITAT-2018(DEL)-TP
  • Tax Payer : Caparo Engineering India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Annual report terminologies not conclusive for proving facts, rejects comparables' R&D activity plea

  • In Favour of Assessee
  • Citation Number : TS-324-ITAT-2018(Mum)-TP
  • Tax Payer : Bristlecone India Limited
Income tax Appellate Tribunal

ITAT: Excludes Thirdware as comparable for software-developer; Allows working capital adjustment claim

  • In Favour of Assessee
  • Citation Number : TS-323-ITAT-2018(DEL)-TP
  • Tax Payer : Wipro Limited C/o Wipro Energy IT Services India Private Limited
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on interest-free advances given for equity investment; Rejects FEMA violation plea

  • In Favour of Assessee
  • Citation Number : TS-322-ITAT-2018(HYD)-TP
  • Tax Payer : Bartronics India Ltd
Income tax Appellate Tribunal

ITAT: Turnover differences “automatically ironed out” when average-PLI of comparables considered, follows Chryscapital-ruling

  • In Favour of Both, Partially
  • Citation Number : TS-321-ITAT-2018(DEL)-TP
  • Tax Payer : FIS Global Business India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Onsite revenue an accepted filter for comparables selection; Upholds 3 comparables exclusion

  • In Favour of Both, Partially
  • Citation Number : TS-320-ITAT-2018(Bang)-TP
  • Tax Payer : CGI Information Systems & Management Consultation Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes AMP-adjustment based on mere brand building agreement assumption; Follows Johnson & Johnson

  • In Favour of Assessee
  • Citation Number : TS-319-ITAT-2018(Mum)-TP
  • Tax Payer : Colgate Palmolive (India) Limited
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment for assessee trader absent agreement for sharing AMP-expenses, follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-318-ITAT-2018(Mum)-TP
  • Tax Payer : India Medtronic Private Limited
High Court

HC: Upholds Rule 10B invocation for allowing capacity under-utilization adjustment to manufacturer assessee

  • In Favour of Assessee
  • Citation Number : TS-317-HC-2018(BOM)-TP
  • Tax Payer : Petro Araldite Pvt Ltd
Income tax Appellate Tribunal

ITAT:Channel distribution fees not ‘royalty’ following binding Set-India HC-ruling; Remits benchmarking

  • In Favour of Assessee
  • Citation Number : TS-316-ITAT-2018(Mum)-TP
  • Tax Payer : MSM Discovery Private Limited
High Court

HC: Restricts TP-adjustments to AE-transactions following Keihin-ruling; Upholds inclusion of 2 comparables

  • In Favour of Assessee
  • Citation Number : TS-315-HC-2018(BOM)-TP
  • Tax Payer : Sandvik Asia Pvt Ltd
Income tax Appellate Tribunal

ITAT:Extends stay further as delay in appeal disposal not attributable to assessee

  • In Favour of Assessee
  • Citation Number : TS-314-ITAT-2018(Bang)-TP
  • Tax Payer : Epson India Pvt Ltd
Income tax Appellate Tribunal

ITAT: SIP-Technologies, not persistent loss-maker, directs inclusion as comparable for software developer

  • In Favour of Assessee
  • Citation Number : TS-313-ITAT-2018(PUN)-TP
  • Tax Payer : SAS Research and Development (India) Private Limited