Rulings ( 11984 results )

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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
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s appeal; Upholds segregation of completely different manufacturing operations

  • In Favour of Assessee
  • Citation Number : TS-147-ITAT-2018(DEL)-TP
  • Tax Payer : Allied Domecq Spirits & Wine India Pvt Ltd (Now Beam Global Spirits & Wine India Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Hearing opportunity before TPO-reference unwarranted absent Chapter X applicability objection; Cites Vodafone, CBDT-Instruction

  • In Favour of Both, Partially
  • Citation Number : TS-146-ITAT-2018(Mum)-TP
  • Tax Payer : Omni Active Health Technologies Limited
Income tax Appellate Tribunal

ITAT: Technology acquisition cost only for new products; Rejects Nil ALP absent simultaneous royalty payment

  • In Favour of Assessee
  • Citation Number : TS-145-ITAT-2018(DEL)-TP
  • Tax Payer : Denso India Limited
Income tax Appellate Tribunal

ITAT: Excludes Thinksoft Global as comparable, software testing not comparable to software development

  • In Favour of Both, Partially
  • Citation Number : TS-144-ITAT-2018(Bang)-TP
  • Tax Payer : WM Global Technology Services (India) P Ltd
Income tax Appellate Tribunal

ITAT:Dismisses Revenue's appeal; TP-adjustment on reimbursement of seconded employees' salary, unsustainable

  • In Favour of Assessee
  • Citation Number : TS-143-ITAT-2018(DEL)-TP
  • Tax Payer : Blue Scope Steel India (P) Ltd
Income tax Appellate Tribunal

ITAT: Extends stay of demand as appeal disposal delay not attributable to assessee

  • In Favour of Assessee
  • Citation Number : TS-142-ITAT-2018(Bang)-TP
  • Tax Payer : The Himalaya Drug Company
Income tax Appellate Tribunal

ITAT:Grants partial demand stay to Cook India with partial payment of Rs.25 lakhs

  • In Favour of Both, Partially
  • Citation Number : TS-141-ITAT-2018(CHNY)-TP
  • Tax Payer : Cook India Medical Devices Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits comparable selection, grant of economic adjustment, tested party selection to AO/TPO

  • In Favour of Assessee
  • Citation Number : TS-140-ITAT-2018(PUN)-TP
  • Tax Payer : NORD Drive systems Private Limited
Income tax Appellate Tribunal

ITAT:Dismisses appeal aginst revision u/s 263 as no TP-adjustment made pursuant to revision

  • In Favour of Revenue
  • Citation Number : TS-139-ITAT-2018(Kol)-TP
  • Tax Payer : Tantia TBL Joint Venture
High Court

HC: Dismisses Revenue’s appeal on tested-party selection issue absent discussion in CIT(A)/ITAT orders

  • In Favour of Assessee
  • Citation Number : TS-138-HC-2018(DEL)-TP
  • Tax Payer : E.I. Dupont India Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal against ITAT-order rejecting application of bright line test

  • In Favour of Assessee
  • Citation Number : TS-137-HC-2018(DEL)-TP
  • Tax Payer : Sony India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes Eclerx and TCS e-serve for ITeS provider following precedents

  • In Favour of Assessee
  • Citation Number : TS-136-ITAT-2018(DEL)-TP
  • Tax Payer : H&S Software Development & Knowledge Management Centre Pvt Ltd
High Court

HC: Dismisses Revenue's appeal on Infosys-BPO and R systems comparability; Admits appeal for 2 comparables

  • In Favour of Both, Partially
  • Citation Number : TS-135-HC-2018(DEL)-TP
  • Tax Payer : Baxter India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Exercise of jurisdiction u/s. 263 for non-filing of Form 3CEB during assessment, unsustainable

  • In Favour of Assessee
  • Citation Number : TS-134-ITAT-2018(Kol)-TP
  • Tax Payer : Pricewaterhouse Coopers LLP USA
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on AE-receivable, follows Delhi HC ruling in Kusum Healthcare

  • In Favour of Both, Partially
  • Citation Number : TS-133-ITAT-2018(DEL)-TP
  • Tax Payer : Terradata India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits issue considering assessee's submission that TPO/DRP failed to apply turnover filter

  • In Favour of Assessee
  • Citation Number : TS-132-ITAT-2018(CHNY)-TP
  • Tax Payer : PB Systems (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment towards interest on receivable considering significantly higher margin than comparables

  • In Favour of Assessee
  • Citation Number : TS-131-ITAT-2018(DEL)-TP
  • Tax Payer : Motherson Sumi Infotech & Designs Limited
Income tax Appellate Tribunal

ITAT: Deletes adjustment on fixed asset purchase and outstanding AE- receivable; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-130-ITAT-2018(DEL)-TP
  • Tax Payer : BT India P Ltd
Income tax Appellate Tribunal

ITAT: CIT(A) order deleting TP-adjustment, cryptic; Directs CIT(A) to examine FAR-analysis of internal comparable

  • In Favour of Revenue
  • Citation Number : TS-129-ITAT-2018(Bang)-TP
  • Tax Payer : Lapp India P Ltd