Rulings ( 11983 results )

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High Court

HC: Dismisses Revenue’s appeal; Upholds rejection of export, domestic margins comparison for different products

  • In Favour of Assessee
  • Citation Number : TS-189-HC-2018(BOM)-TP
  • Tax Payer : Keihin Fie Pvt Ltd
Income tax Appellate Tribunal

ITAT:Can’t exclude companies with operating losses considering functional similarity and profits at GP-level

  • In Favour of Assessee
  • Citation Number : TS-188-ITAT-2018(Kol)-TP
  • Tax Payer : P & H Joy Mining Equipment India Ltd
Income tax Appellate Tribunal

ITAT: Deletes Nivea’s AMP-adjustment; Explains ‘subtle but definite difference’ between product & brand promotion

  • In Favour of Assessee
  • Citation Number : TS-187-ITAT-2018(Mum)-TP
  • Tax Payer : Nivea India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Includes consumables in cost for margin-computation under RPM; TP-adjustment on imports, unsustainable

  • In Favour of Assessee
  • Citation Number : TS-186-ITAT-2018(PUN)-TP
  • Tax Payer : Eaton Power Quality Pvt Ltd
Income tax Appellate Tribunal

ITAT:Directs consideration of forex-gains as operating income; Rejects Revenue’s Safe-Harbour Rules reliance

  • In Favour of Assessee
  • Citation Number : TS-185-ITAT-2018(PUN)-TP
  • Tax Payer : Digital Group Infotech Pvt Ltd
High Court

HC: Admits Revenue’s appeal on aggregation of intra-group service for ALP-determination

  • In Favour of Revenue
  • Citation Number : TS-184-HC-2018(DEL)-TP
  • Tax Payer : Corning SAS- India
Income tax Appellate Tribunal

ITAT: Excludes 6 comparables for software developer; Forex gains/losses operating in nature

  • In Favour of Assessee
  • Citation Number : TS-182-ITAT-2018(DEL)-TP
  • Tax Payer : Siemens Product Lifecycle Management Software (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables selection for investment advisor; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-181-ITAT-2018(Mum)-TP
  • Tax Payer : General Atlantic Pvt Ltd
High Court

HC: Admits Revenue's appeal against ITAT order deleting TP-adjustment on corporate guarantee

  • In Favour of Assessee
  • Citation Number : TS-179-HC-2018(GUJ)-TP
  • Tax Payer : Suzlon Energy Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on intra-group services, availment & basis of charge established

  • In Favour of Assessee
  • Citation Number : TS-178-ITAT-2018(PUN)-TP
  • Tax Payer : Eaton Fluid Power Limited
High Court

HC: Dismisses Revenue's appeal against concealment penalty deletion; Accepts ITAT's 'debatable issue' conclusion

  • In Favour of Assessee
  • Citation Number : TS-177-HC-2018(DEL)-TP
  • Tax Payer : GLOBAL VANTEDGE PVT LTD
Income tax Appellate Tribunal

ITAT: Explains capacity adjustment computation mechanism; Directs separate benchmarking for consultancy services

  • In Favour of Both, Partially
  • Citation Number : TS-176-ITAT-2018(DEL)-TP
  • Tax Payer : Daikin Airconditioning India Pvt Ltd
High Court

HC:Upholds ITAT-order allowing overhead expense allocation by JV-partners to assessee AOP

  • In Favour of Assessee
  • Citation Number : TS-175-HC-2018(BOM)-TP
  • Tax Payer : International Metro Civil Contractors
Supreme Court

SC: Re-assessment initiation based on PE allegation not sustainable once arm's-length threshold met

  • In Favour of Assessee
  • Citation Number : TS-174-SC-2018-TP
  • Tax Payer : Honda Motor Co Ltd
Income tax Appellate Tribunal

ITAT:Rejects assessee's aggregated benchmarking of royalty under TNMM, confirms sales commission TP-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-173-ITAT-2018(DEL)-TP
  • Tax Payer : Johnson Matthey India Private Ltd
Income tax Appellate Tribunal

ITAT: Cannot include company with turnover marginally higher than upper turnover as comparable

  • In Favour of Both, Partially
  • Citation Number : TS-172-ITAT-2018(PUN)-TP
  • Tax Payer : Amber Point Technology India Pvt Ltd
High Court

HC: Applying expenses based RPT-formula only to one comparable distorts picture, remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-171-HC-2018(DEL)-TP
  • Tax Payer : Chrys Capital Investment Advisors (India) Pvt Ltd
Supreme Court

SC: Dismisses SLP against HC's quashing of final assessment without passing draft order

  • In Favour of Both, Partially
  • Citation Number : TS-170-SC-2018-TP
  • Tax Payer : Control Risks India P Ltd
Income tax Appellate Tribunal

ITAT:Quashes final assessment order making TP-adjustment on entity-level; Follows HC-rulings

  • In Favour of Assessee
  • Citation Number : TS-169-ITAT-2018(DEL)-TP
  • Tax Payer : Syniverse Technologies Services (India) Pvt. Ltd.
Income tax Appellate Tribunal

ITAT:Deletes outstanding AE-receivables TP-adjustment absent interest charged to non-AE in similar scenario

  • In Favour of Assessee
  • Citation Number : TS-168-ITAT-2018(DEL)-TP
  • Tax Payer : Axis Risk Consulting Services Private Limited