Rulings ( 11982 results )

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High Court

HC:ITAT not 'handicapped' to decide issue despite pending earlier-year appeal

  • In Favour of Assessee
  • Citation Number : TS-312-HC-2018(DEL)-TP
  • Tax Payer : Vedanta Limited (successor to Cairn India Limited)
Income tax Appellate Tribunal

ITAT: No further income attributable to PE since international transaction at ALP, follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-311-ITAT-2018(Mum)-TP
  • Tax Payer : Zee TV USA Inc Mauritus C/o Zee Telefilms Ltd
Income tax Appellate Tribunal

ITAT:Rejects TPO/DRP’s CUP-method, without selecting any comparables, for management-fee benchmarking; Remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-310-ITAT-2018(CHNY)-TP
  • Tax Payer : Gates Unitta India Company Private Limited
Income tax Appellate Tribunal

ITAT: Upholds TP-adjustment restriction only to international transactions; Follows HC-order in own case

  • In Favour of Assessee
  • Citation Number : TS-309-ITAT-2018(Mum)-TP
  • Tax Payer : Tara Jewels Export Pvt Ltd
Income tax Appellate Tribunal

ITAT: Non-filing of Form 3CEB to report share issue at premium cannot justify reassessment

  • In Favour of Assessee
  • Citation Number : TS-308-ITAT-2018(Mum)-TP
  • Tax Payer : Jay Maa Durga Buildtech Private Limited (merged with Lodha Construction Private Limited)
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar, fraudulent companies as comparables for ITeS-provider, follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-307-ITAT-2018(PUN)-TP
  • Tax Payer : KPIT Cummins Global Business Solutions Ltd
High Court

HC: Dismisses Revenue’s appeal; Upholds exclusion of 4 functionally dissimilar comparables

  • In Favour of Assessee
  • Citation Number : TS-306-HC-2018(DEL)-TP
  • Tax Payer : MPS Ltd
High Court

HC: Upholds ITAT’s remand of TP-provisions applicability to local amalgamation within Group

  • In Favour of Revenue
  • Citation Number : TS-305-HC-2018(BOM)-TP
  • Tax Payer : Thomson Reuters India Private Limited
Supreme Court

SC: Admits Revenue’s appeal on AMP-issue for Valvoline Cummins; Tags case with Honda Siel

  • In Favour of Revenue
  • Citation Number : TS-304-SC-2018-TP
  • Tax Payer : Valvoline Cummins Ltd
Income tax Appellate Tribunal

ITAT:Rejects plea that AE’s marketing services justified non-charging of interest on AE-loan

  • In Favour of Revenue
  • Citation Number : TS-303-ITAT-2018(Mum)-TP
  • Tax Payer : Virgo Engineering Ltd (Now merged with Virgo Valves & Controls Pvt Ltd)
High Court

HC:Admits assessee’s legal questions on applicability of TP-provisions to corporate guarantee

  • In Favour of Assessee
  • Citation Number : TS-302-HC-2018(BOM)-TP
  • Tax Payer : Minacs Pvt Ltd
High Court

HC: Admits JCB’s legal question on aggregation of closely linked transactions under TNMM

  • In Favour of Assessee
  • Citation Number : TS-301-HC-2018(DEL)-TP
  • Tax Payer : JCB India Ltd
High Court

HC:ITAT’s remand of AMP-issue unnecessary when Sony-ruling correctly applied by TPO/DRP

  • In Favour of Assessee
  • Citation Number : TS-300-HC-2018(DEL)-TP
  • Tax Payer : Callaway Golf India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds inclusion of comparables with different FY-ending; Departs from PTC Software HC-ruling view

  • In Favour of Both, Partially
  • Citation Number : TS-299-ITAT-2018(Mum)-TP
  • Tax Payer : Maersk Global Services Centre (I) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 12 companies as comparable for software service provider; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-298-ITAT-2018(Bang)-TP
  • Tax Payer : SAP Labs India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Cannot select AE as tested party absent data to demonstrate FAR analysis

  • In Favour of Revenue
  • Citation Number : TS-297-ITAT-2018(DEL)-TP
  • Tax Payer : GKN Driveline (India) Ltd
High Court

HC:Waives Rs.50K costs; Revenue’s writ challenging ITAT-stay not filed in entirely irresponsible manner

  • In Favour of Assessee
  • Citation Number : TS-296-HC-2018(KAR)-TP
  • Tax Payer : Epson India Pvt Ltd
High Court

HC:Upholds Brescon, Keynote exclusion considering functional dissimilarity, segmental-data unavailability, extraordinary event impact

  • In Favour of Assessee
  • Citation Number : TS-295-HC-2018(DEL)-TP
  • Tax Payer : Chrys Capital Invesment Advisors Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects WDV based benchmarking of purchase transaction; Accepts customs/DCF/chartered engineer’s valuation

  • In Favour of Assessee
  • Citation Number : TS-294-ITAT-2018(DEL)-TP
  • Tax Payer : Sarens Heavy Lift (I) P Ltd
High Court

HC: Upholds exclusion of 5 comparables for BPO service provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-293-HC-2018(BOM)-TP
  • Tax Payer : BNY Mellon International Operations (India) Pvt Ltd