Rulings ( 11983 results )

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Income tax Appellate Tribunal

ITAT: Allows Sec 10A deduction on voluntary TP-adjustment; Follows iGate over Deloitte ruling

  • In Favour of Both, Partially
  • Citation Number : TS-167-ITAT-2018(PUN)-TP
  • Tax Payer : Approva Systems Pvt. Ltd.
Income tax Appellate Tribunal

ITAT:Rejects Nil-ALP determination, use of foreign comparable for benchmarking brand royalty

  • In Favour of Both, Partially
  • Citation Number : TS-166-ITAT-2018(DEL)-TP
  • Tax Payer : Vodafone Essar Digilink Ltd.
Income tax Appellate Tribunal

ITAT:Grants conditional stay on demand arising on account of AMP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-165-ITAT-2018(Mum)-TP
  • Tax Payer : Edwards Lifesciences (India) Private Limited
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s appeal against non-existent draft order proposing TP-adjustment as infructuous

  • In Favour of Revenue
  • Citation Number : TS-164-ITAT-2018(DEL)-TP
  • Tax Payer : Turner International India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes L&T Infotech considering inability of allocating ‘unallocable expenses’; Follows CEVA Freight

  • In Favour of Both, Partially
  • Citation Number : TS-163-ITAT-2018(DEL)-TP
  • Tax Payer : Pitney Bowes Software India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables selection in ITES-segment; Confirms R-Systems, Caliber Point exclusion for following different-FY

  • In Favour of Both, Partially
  • Citation Number : TS-162-ITAT-2018(Bang)-TP
  • Tax Payer : XLHealth Corporation India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs uniform application of filters to all comparables; Remits issue

  • In Favour of Assessee
  • Citation Number : TS-161-ITAT-2018(Bang)-TP
  • Tax Payer : Swiss Re Global Business Solutions India Private Ltd
Income tax Appellate Tribunal

ITAT:5 tolerance range applicable to arm’s length ‘price’, not ‘profitability’; Remits issue

  • In Favour of Assessee
  • Citation Number : TS-160-ITAT-2018(Mum)-TP
  • Tax Payer : Exedy India Ltd (Formerly known as Ceekay Daikin Limited)
Income tax Appellate Tribunal

ITAT:Rejects treatment of corporate guarantee as international transaction for AY 2010-11; Follows Reddy-Laboratories

  • In Favour of Assessee
  • Citation Number : TS-159-ITAT-2018(HYD)-TP
  • Tax Payer : Cyient Ltd (Formerly Infotech Enterprises Ltd)
Income tax Appellate Tribunal

ITAT: Dismisses Volvo India’s appeal on TP-issues in view of MAP-resolution

  • In Favour of Assessee
  • Citation Number : TS-158-ITAT-2018(Bang)-TP
  • Tax Payer : Volvo India Private Limited
Income tax Appellate Tribunal

ITAT:Stays demand for AY 2010-11 & 2011-12 considering prima facie case in favour of assessee

  • In Favour of Assessee
  • Citation Number : TS-157-ITAT-2018(Kol)-TP
  • Tax Payer : Bothra Shipping Services (currently known a Bothra Shipping Services (P) Ltd)
Income tax Appellate Tribunal

ITAT:Accepts assessee’s plea to allow working capital adjustment on actuals, remits issue

  • In Favour of Assessee
  • Citation Number : TS-156-ITAT-2018(Bang)-TP
  • Tax Payer : Zyme Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Considers segmental profitability using man-hour based allocation, notes APA following similar method

  • In Favour of Assessee
  • Citation Number : TS-155-ITAT-2018(PUN)-TP
  • Tax Payer : Tieto IT Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on outstanding AE-receivables rejecting TPO’s re-characterization as loan; Follows Kadimi-ruling

  • In Favour of Assessee
  • Citation Number : TS-154-ITAT-2018(DEL)-TP
  • Tax Payer : Inductis (India) Private Ltd
Income tax Appellate Tribunal

ITAT:Remits additional evidence admission matter to decide intra-group services TP-issue; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-153-ITAT-2018(PUN)-TP
  • Tax Payer : DSV Air & Sea Private Limited
Income tax Appellate Tribunal

ITAT: Remits issue of trademark acquisition from AE for fresh consideration

  • In Favour of Assessee
  • Citation Number : TS-152-ITAT-2018(CHNY)-TP
  • Tax Payer : Magic Woods Exports Private Limited
High Court

HC: Allows Mercedes-Benz to withdraw appeal challenging ITAT’s confirmation of TPO’s TNMM as MAM

  • In Favour of Assessee
  • Citation Number : TS-151-HC-2018(KAR)-TP
  • Tax Payer : Mercedes-Benz Research & Development India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on royalty; Follows earlier year ITAT-order in assessee's own case

  • In Favour of Assessee
  • Citation Number : TS-150-ITAT-2018(PUN)-TP
  • Tax Payer : Spicer India Private Limited (Formerly known as Spicer India Limited)
Income tax Appellate Tribunal

ITAT:Quashes assessment on amalgamating company; Follows SC ruling in Spice Enfotainment

  • In Favour of Assessee
  • Citation Number : TS-149-ITAT-2018(PUN)-TP
  • Tax Payer : Akzo Nobel Chemicals (India) Ltd (merged with Akzo Nobel India Limited)
Income tax Appellate Tribunal

ITAT: Quashes draft assessment order passed along with demand notice; Follows Rehau-Polymers ruling

  • In Favour of Assessee
  • Citation Number : TS-148-ITAT-2018(PUN)-TP
  • Tax Payer : Sandvik Asia Pvt Ltd