Rulings ( 11983 results )

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High Court

HC: Dismisses Revenue’s appeal; Upholds exclusion of Genesys International & Coral Hubs

  • In Favour of Assessee
  • Citation Number : TS-209-HC-2018(BOM)-TP
  • Tax Payer : Cummins Turbo Technologies Ltd
Income tax Appellate Tribunal

ITAT:Deletes corporate guarantee TP-adjustment; Remits ALP-determination of convertible debentures interest

  • In Favour of Both, Partially
  • Citation Number : TS-208-ITAT-2018(CHNY)-TP
  • Tax Payer : Siva Industries and Holdings Ltd
Income tax Appellate Tribunal

ITAT: Holds draft assessment order passed alongwith demand notice as ‘invalid’; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-207-ITAT-2018(PUN)-TP
  • Tax Payer : Sandvik Asia Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds Infosys Technology exclusion for software developer assessee; Follows Agnity ruling

  • In Favour of Assessee
  • Citation Number : TS-206-ITAT-2018(DEL)-TP
  • Tax Payer : Virage Logic International India Branch Office
High Court

HC: Upholds TNMM for AE-exports and sales commission; Considers ITAT’s view as reasonable

  • In Favour of Assessee
  • Citation Number : TS-205-HC-2018(BOM)-TP
  • Tax Payer : Amphenol Interconnect India P Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-issues to consider assessee’s additional evidence; Follows earlier years’ approach

  • In Favour of Assessee
  • Citation Number : TS-204-ITAT-2018(Bang)-TP
  • Tax Payer : Wipro GE Healthcare Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects Tribunal’s direction on 25-RPT application considering filter already applied by TPO

  • In Favour of Assessee
  • Citation Number : TS-203-ITAT-2018(Bang)-TP
  • Tax Payer : ACI Worldwide Solutions P Ltd
Income tax Appellate Tribunal

ITAT: Allows FactSet to withdraw appeal against TP-adjustment considering resolution under APA

  • In Favour of Assessee
  • Citation Number : TS-202-ITAT-2018(HYD)-TP
  • Tax Payer : FactSet Systems India Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables selection for BPO-assessee; Allows capacity adjustment claim in start-up year

  • In Favour of Both, Partially
  • Citation Number : TS-201-ITAT-2018(PUN)-TP
  • Tax Payer : Ventura India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on AE-receivables considering all payments realized within 180-day agreed period

  • In Favour of Assessee
  • Citation Number : TS-200-ITAT-2018(DEL)-TP
  • Tax Payer : Globerian India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds TP-adjustment on AE-receivable, but adopts export packing-credit interest rate

  • In Favour of Both, Partially
  • Citation Number : TS-199-ITAT-2018(Mum)-TP
  • Tax Payer : Mahindra and Mahindra Ltd
Income tax Appellate Tribunal

ITAT: Grants stay; Notes assessee ‘back to square one’ post-HC remanding AMP-issue

  • In Favour of Assessee
  • Citation Number : TS-198-ITAT-2018(DEL)-TP
  • Tax Payer : MSD Pharmaceuticals (P) Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment on AE-sales; Assessee and Revenue didn't follow proper benchmarking method

  • In Favour of Both, Partially
  • Citation Number : TS-197-ITAT-2018(Mum)-TP
  • Tax Payer : Mahindra & Mahindra Ltd
Income tax Appellate Tribunal

ITAT: CBDT Instruction No.3/2003 binding, quashes TPO-reference where international transaction quantum < 5cr for AY 2006-07

  • In Favour of Assessee
  • Citation Number : TS-196-ITAT-2018(DEL)-TP
  • Tax Payer : Calance Software Pvt Ltd
Income tax Appellate Tribunal

ITAT: Cannot include even a functionally similar company if it doesn't meet TPO's filters

  • In Favour of Both, Partially
  • Citation Number : TS-195-ITAT-2018(PUN)-TP
  • Tax Payer : Starent Networks India Pvt Ltd
High Court

HC:Dismisses Revenue’s appeal challenging TP-adjustments on loan & advance for share application

  • In Favour of Assessee
  • Citation Number : TS-194-HC-2018(BOM)-TP
  • Tax Payer : Videocon Industries Ltd
High Court

HC: Dismisses Revenue's appeal challenging concealment penalty deletion; Upholds ITAT's 'debatable issue' conclusion

  • In Favour of Assessee
  • Citation Number : TS-193-HC-2018(DEL)-TP
  • Tax Payer : GLOBAL VANTEDGE PVT LTD
High Court

HC: Remits comparability of Keynote, Motilal Oswal to Tribunal following own ruling

  • In Favour of Assessee
  • Citation Number : TS-192-HC-2018(DEL)-TP
  • Tax Payer : Chrys Capital Investment Advisors (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Includes Infosys BPO as comparable, rejects functional dissimilarity, brand value impact plea

  • In Favour of Both, Partially
  • Citation Number : TS-191-ITAT-2018(DEL)-TP
  • Tax Payer : Cadence Design Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Irrecoverable interest-free loan to AE impacts profitability, excludes 'Informed Technologies' as comparable

  • In Favour of Assessee
  • Citation Number : TS-190-ITAT-2018(COCH)-TP
  • Tax Payer : XM Software Solution Private Limited