Rulings ( 11982 results )

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Income tax Appellate Tribunal

ITAT:Dismisses Revenue’s appeal & assessee’s cross objections in view of APA resolution

  • In Favour of Assessee
  • Citation Number : TS-251-ITAT-2018(HYD)-TP
  • Tax Payer : Wells Fargo India Solutions (P) Ltd
Income tax Appellate Tribunal

ITAT: Remits AMP-issue for importer & manufacturer of high-end crystal components following earlier-order

  • In Favour of Assessee
  • Citation Number : TS-250-ITAT-2018(DEL)-TP
  • Tax Payer : Swarovski India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Remits working capital adjustment issue for computation in line with subsequent AYs approach

  • In Favour of Assessee
  • Citation Number : TS-249-ITAT-2018(DEL)-TP
  • Tax Payer : Whirpool of India Ltd
Income tax Appellate Tribunal

ITAT:Foreign partnership firm not ‘eligible assessee’ absent TPO’s variation to international transactions

  • In Favour of Both, Partially
  • Citation Number : TS-248-ITAT-2018(DEL)-TP
  • Tax Payer : ESS Distribution (Mauritius)
Income tax Appellate Tribunal

ITAT: Rejects CIT(A)’s 0 RPT-filter for comparables selection for software developer; Remits 2 comparables

  • In Favour of Both, Partially
  • Citation Number : TS-247-ITAT-2018(Bang)-TP
  • Tax Payer : Netscout Systems Software India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Includes Vimta Labs, holds losses in relevant FY due to normal business risk

  • In Favour of Both, Partially
  • Citation Number : TS-246-ITAT-2018(Mum)-TP
  • Tax Payer : Actavis Pharma Development Centre Private Limited
Income tax Appellate Tribunal

ITAT: Rejects re-characterization of distribution activity as service absent difference between form & substance

  • In Favour of Assessee
  • Citation Number : TS-245-ITAT-2018(HYD)-TP
  • Tax Payer : Comm Vault Systems (India) Private Limited
High Court

HC:Appropriateness of method per se cannot give rise to 'question of law'

  • In Favour of Both, Partially
  • Citation Number : TS-244-HC-2018(DEL)-TP
  • Tax Payer : Bombardier Transportation India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Explains time barring provisions u/s 144C and their applicability; DRP cannot condone delay

  • In Favour of Both, Partially
  • Citation Number : TS-243-ITAT-2018(CHNY)-TP
  • Tax Payer : Aalaya Jewel Industry Private Limited
Income tax Appellate Tribunal

ITAT:Sec 271AA penalty unsustainable for non-disclosure of share-issue transaction in Form 3CEB pre-2012 amendment

  • In Favour of Assessee
  • Citation Number : TS-242-ITAT-2018(DEL)-TP
  • Tax Payer : Nihon Parkerizing (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Admits audited segmental accounts as additional evidence; Remits ALP-determination

  • In Favour of Assessee
  • Citation Number : TS-241-ITAT-2018(Mum)-TP
  • Tax Payer : SNC Lavalin Engineering India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 2 comparables in software-segment; Remits Jindal Intellicom’s FY-filter satisfaction in ITES-segment

  • In Favour of Assessee
  • Citation Number : TS-240-ITAT-2018(PUN)-TP
  • Tax Payer : Principal Global Services Private Limited
Income tax Appellate Tribunal

ITAT: Applies LIBOR instead of PLR while benchmarking interest on outstanding AE-receivables

  • In Favour of Assessee
  • Citation Number : TS-238-ITAT-2018(CHNY)-TP
  • Tax Payer : Plintron Global Technology Solutions
Income tax Appellate Tribunal

ITAT: Excludes ‘Eclerx’ for assessee’s advanced analytical services following own ruling; Deletes TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-236-ITAT-2018(Mum)-TP
  • Tax Payer : Fractal Analytics Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deprecates Revenue’s conduct seeking appeal adjournment while requesting stay vacation; Grants partial-stay

  • In Favour of Assessee
  • Citation Number : TS-235-ITAT-2018(CHANDI)-TP
  • Tax Payer : GlaxoSmithKline Consumer Healthcare Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s appeal in Convergys India considering resolution under India-US MAP

  • In Favour of Both, Partially
  • Citation Number : TS-234-ITAT-2018(DEL)-TP
  • Tax Payer : Convergys India Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Admits additional ground on exclusion of companies selected in assessee's TP-study, remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-233-ITAT-2018(Kol)-TP
  • Tax Payer : Philips India Limited (formerly Philips Electronics India Ltd)
Income tax Appellate Tribunal

ITAT:Grants Rs. 3.24cr demand-stay; Rejects DRP’s brushing aside of remand-report

  • In Favour of Assessee
  • Citation Number : TS-232-ITAT-2018(Bang)-TP
  • Tax Payer : Sobha City
Income tax Appellate Tribunal

ITAT: Excludes 6 comparables for software-developer; Follows NXP Semiconductors ruling

  • In Favour of Assessee
  • Citation Number : TS-231-ITAT-2018(Mum)-TP
  • Tax Payer : Tech Mahindra Ltd
High Court

HC: Excludes Quintegra, persistent losses with declining turnover indicates abnormal functional circumstances

  • In Favour of Revenue
  • Citation Number : TS-229-HC-2018(DEL)-TP
  • Tax Payer : Steria India Ltd (Earlier known as Xansa (India) Ltd)