Rulings ( 11988 results )

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Income tax Appellate Tribunal

ITAT:Grants Rs.209 lakhs demand stay; TP-adjustment on channel distribution fee paid to AE disputed

  • In Favour of Assessee
  • Citation Number : TS-73-ITAT-2018(Mum)-TP
  • Tax Payer : MSM Discovery Private Ltd
Income tax Appellate Tribunal

ITAT: Grants Rs.225.92cr demand stay to Wirpo-GE; Notes TP-adjustment made on non-AE transactions

  • In Favour of Assessee
  • Citation Number : TS-1104-ITAT-2017(Bang)-TP
  • Tax Payer : Wipro GE Healthcare Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment towards notional interest on receivables for fresh consideration; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-72-ITAT-2018(DEL)-TP
  • Tax Payer : D.E. Shaw India Advisory Services Private Ltd
High Court

HC: Confirms ITAT order deleting TP-adjustment on royalty; Follows earlier ruling

  • In Favour of Assessee
  • Citation Number : TS-1103-HC-2017(RAJ)-TP
  • Tax Payer : SAKATA INX (INDIA) LIMITED
Income tax Appellate Tribunal

ITAT: Upholds TP-adjustment deletion on royalty payment following HC-decision in own case

  • In Favour of Assessee
  • Citation Number : TS-71-ITAT-2018(JPR)-TP
  • Tax Payer : Sakata Inx (India) Ltd
Income tax Appellate Tribunal

ITAT:Deletes corporate guarantee adjustment made prior to Sec 92B amendment; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-70-ITAT-2018(HYD)-TP
  • Tax Payer : Rain Industries Ltd
Income tax Appellate Tribunal

ITAT: APA-terms can be applied to year outside APA period; Follows Abicor-ruling

  • In Favour of Both, Partially
  • Citation Number : TS-69-ITAT-2018(PUN)-TP
  • Tax Payer : Tieto IT Services India Private Limited [Successor of Tieto Software Technologies Limited]
Income tax Appellate Tribunal

ITAT: Includes Rajasthan-Udyog as comparable for manufacturer following Sandvik-ruling despite exclusion in earlier year

  • In Favour of Assessee
  • Citation Number : TS-1101-ITAT-2017(PUN)-TP
  • Tax Payer : Seco Tools (India) Pvt Ltd
Supreme Court

SC: Admits Revenue’s SLP in Honda Siel’s case on AMP-issue, tags appeal with Maruti-Suzuki

  • In Favour of Revenue
  • Citation Number : TS-68-SC-2018-TP
  • Tax Payer : Honda Siel Power Product Ltd
Income tax Appellate Tribunal

ITAT: Remits Bodhtree Consulting comparability to evaluate different accounting policy impact on profitability

  • In Favour of Both, Partially
  • Citation Number : TS-1100-ITAT-2017(DEL)-TP
  • Tax Payer : Freescale Semiconductor India Pvt Ltd
Authority for Advance Rulings

AAR:Upholds TP-applicability on Sale of Indian company’s shares to AE; Follows Castleton

  • In Favour of Revenue
  • Citation Number : TS-1099-AAR-2017-TP
  • Tax Payer : AB Mauritius
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables in software development segment; Retains Global-Procurement in marketing support segment

  • In Favour of Both, Partially
  • Citation Number : TS-1098-ITAT-2017(DEL)-TP
  • Tax Payer : Freescale Semiconductor India Pvt Ltd
High Court

HC: RPT-filter essential to avoid 'distorted picture' of profitability due to excessive AE-transactions

  • In Favour of Assessee
  • Citation Number : TS-67-HC-2018(DEL)-TP
  • Tax Payer : Oracle (OFSS) BPO Services Pvt Ltd
Authority for Advance Rulings

AAR:Mauritian company's control & management not with US Holding Co.; Grants Capital gains exemption

  • In Favour of Assessee
  • Citation Number : TS-1097-AAR-2017-TP
  • Tax Payer : AB Holdings, Mauritius-II
Income tax Appellate Tribunal

ITAT:Rejects TPO's 2 comparables while benchmarking investment advisory services; Follows Temasek

  • In Favour of Assessee
  • Citation Number : TS-66-ITAT-2018(Mum)-TP
  • Tax Payer : Wells Fargo Real Estate Advisors Pvt Ltd
Income tax Appellate Tribunal

ITAT: No interest adjustment warranted when working-capital adjustment considers outstanding receivables; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-65-ITAT-2018(DEL)-TP
  • Tax Payer : Kusum Healthcare Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects expense verification for ALP-computation during remand considering Tribunal's mere ALP-calculation direction

  • In Favour of Assessee
  • Citation Number : TS-64-ITAT-2018(HYD)-TP
  • Tax Payer : St. Jude Medical India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Retains Avani-Cimcon as functionally comparable for software-developer; Excludes 5 other comparables

  • In Favour of Both, Partially
  • Citation Number : TS-63-ITAT-2018(HYD)-TP
  • Tax Payer : CNO IT Services (India) P Ltd (earlier known as Conseco Data Services (India) P Ltd)
High Court

HC:Quashes Daimler's re-opening noting Form 3CEB disclosure; Onus on AO to peruse TPO's order

  • In Favour of Assessee
  • Citation Number : TS-62-HC-2018(MAD)-TP
  • Tax Payer : Daimler India Commercial Vehicles Private Limited
Income tax Appellate Tribunal

ITAT: Remits functional comparability of 8 companies for business support service provider

  • In Favour of Both, Partially
  • Citation Number : TS-61-ITAT-2018(Bang)-TP
  • Tax Payer : Oaknet Healthcare Pvt Ltd (formerly known as Adcock Ingram Healthcare Pvt Ltd)