Rulings ( 11983 results )

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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)
Income tax Appellate Tribunal

ITAT: Discards Revenue's geographical, FAR differences plea between domestic-exports segments for rejecting internal-comparables

  • In Favour of Both, Partially
  • Citation Number : TS-228-ITAT-2018(PUN)-TP
  • Tax Payer : Man Trucks India Pvt Ltd
High Court

HC:Dismisses Revenue's appeal in Carrier; Upholds ITAT’s stay beyond 365 days following own ruling

  • In Favour of Assessee
  • Citation Number : TS-227-HC-2018(P & H)-TP
  • Tax Payer : Carrier Air-Conditioning and Refrigeration Ltd
High Court

HC:Dismisses Revenue's appeal against ITAT’s stay to BMW beyond 365 days; Follows Carrier ruling

  • In Favour of Assessee
  • Citation Number : TS-226-HC-2018(P & H)-TP
  • Tax Payer : BMW India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Grants Rs. 7.12cr demand-stay to Indo-Russian JV considering financial incapability

  • In Favour of Assessee
  • Citation Number : TS-225-ITAT-2018(Mum)-TP
  • Tax Payer : Rosoboronservice India Limited
Income tax Appellate Tribunal

ITAT:TP-provisions applicable to Indian branch’s brand promotion transaction; Rejects mutuality principle applicability

  • In Favour of Both, Partially
  • Citation Number : TS-224-ITAT-2018(DEL)-TP
  • Tax Payer : FUJIFILM Corporation, India Branch Office
Income tax Appellate Tribunal

ITAT: Remits 8 comparables for software developer; Rejects TPO/DRP’s turnover filter application

  • In Favour of Both, Partially
  • Citation Number : TS-223-ITAT-2018(Bang)-TP
  • Tax Payer : Mphasis Finsolutions Pvt Ltd (Now merged with Mphasis Ltd)
Income tax Appellate Tribunal

ITAT: Directs ALP re-computation of AMP-expenses after excluding selling expenses

  • In Favour of Both, Partially
  • Citation Number : TS-222-ITAT-2018(DEL)-TP
  • Tax Payer : Mary Kay Cosmetics Pvt Ltd
Income tax Appellate Tribunal

ITAT: Fluctuating profit margin due to abnormal circumstances sufficient ground for comparable exclusion

  • In Favour of Assessee
  • Citation Number : TS-221-ITAT-2018(DEL)-TP
  • Tax Payer : United Health Group Information Services Private Limited
Income tax Appellate Tribunal

ITAT: Special rebate due to auto-industry recession, not extraordinary cost for assessee's software-business

  • In Favour of Revenue
  • Citation Number : TS-220-ITAT-2018(Bang)-TP
  • Tax Payer : Logix Microsystems Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on management support services & AMP-expenses following earlier order

  • In Favour of Assessee
  • Citation Number : TS-219-ITAT-2018(Kol)-TP
  • Tax Payer : Philips India Limited (formerly Philips Electronics India Ltd)
Income tax Appellate Tribunal

ITAT:Quashes revision, AO-order without TPO-reference not erroneous; Statute overrides Circular when contrary

  • In Favour of Assessee
  • Citation Number : TS-218-ITAT-2018(LKW)-TP
  • Tax Payer : Prem Manohar Gupta
Income tax Appellate Tribunal

ITAT: Rules on comparables selection in back-office & technical services segments; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-217-ITAT-2018(Mum)-TP
  • Tax Payer : ExxonMobil Company India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 5 comparables for IT/ITeS; Working capital adjustment relevant in service industry

  • In Favour of Both, Partially
  • Citation Number : TS-216-ITAT-2018(DEL)-TP
  • Tax Payer : Agilent Technologies (International) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits management support & freight charges ALP-computation following assessee’s own ruling

  • In Favour of Assessee
  • Citation Number : TS-215-ITAT-2018(DEL)-TP
  • Tax Payer : Geodis Overseas Private Limited
Income tax Appellate Tribunal

ITAT: Remits TP-issues to decide assessee’s additional grounds along with main appeal grounds

  • In Favour of Both, Partially
  • Citation Number : TS-214-ITAT-2018(Bang)-TP
  • Tax Payer : Aptean India Pvt Ltd (formerly Consona CRM Software Services India Pvt Ltd)
Income tax Appellate Tribunal

ITAT:Applies TNMM over TPO’s CUP-method for technical fees benchmarking; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-213-ITAT-2018(DEL)-TP
  • Tax Payer : Magneti Marelli Powertrain India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 6 comparables in software development segment; Remits comparability of Megasoft

  • In Favour of Both, Partially
  • Citation Number : TS-212-ITAT-2018(Bang)-TP
  • Tax Payer : Nvidia Graphics Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds DRP’s exclusion of prior-period expenses while computing PLI; Follows Dana-India ruling

  • In Favour of Both, Partially
  • Citation Number : TS-211-ITAT-2018(PUN)-TP
  • Tax Payer : Aam Services India Pvt. Ltd
Income tax Appellate Tribunal

ITAT:Remits TP-issues back to AO to consider additional evidence filed by assessee

  • In Favour of Both, Partially
  • Citation Number : TS-210-ITAT-2018(CHNY)-TP
  • Tax Payer : Industries Del Recambio India Private Limited