Rulings ( 11988 results )

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Income tax Appellate Tribunal

ITAT:Directs internal-TNMM application for engineering consultant if services to AEs, non-AEs similar

  • In Favour of Both, Partially
  • Citation Number : TS-1072-ITAT-2017(HYD)-TP
  • Tax Payer : Satyam Venture Engg. Services (P) Ltd
Income tax Appellate Tribunal

ITAT: Rejects TPO’s entity level benchmarking for international transactions; Follows HC-order in own case

  • In Favour of Assessee
  • Citation Number : TS-21-ITAT-2018(Mum)-TP
  • Tax Payer : Hindustan Unilever Limited
Income tax Appellate Tribunal

ITAT: Fixes 0.5% as corporate guarantee ALP rate; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-20-ITAT-2018(Bang)-TP
  • Tax Payer : Laqshya Media Pvt Ltd
Income tax Appellate Tribunal

ITAT: Discards Revenue’s ‘unilateral’ adoption of entity-level benchmarking for software services; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1071-ITAT-2017(DEL)-TP
  • Tax Payer : CSR Technology (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes profit attributed to assessee in connection with IPR-sale to AE; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-19-ITAT-2018(HYD)-TP
  • Tax Payer : DQ Entertainment International Ltd
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar ICRA-Online for investment advisor; Follows AGM-India ruling

  • In Favour of Assessee
  • Citation Number : TS-18-ITAT-2018(Mum)-TP
  • Tax Payer : Sparkles Dhandho Advisors Pvt Ltd (Formerly known as Battery Ventures India Management Company Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT:Includes 2 comparables for investment advisor; Remits comparability of ICRA-Techno, CRISIL

  • In Favour of Assessee
  • Citation Number : TS-17-ITAT-2018(Mum)-TP
  • Tax Payer : Temasek Holdings Advisors India Private Limited
Income tax Appellate Tribunal

ITAT: Remits comparables selection for gaming software developer; Follows earlier orders

  • In Favour of Both, Partially
  • Citation Number : TS-16-ITAT-2018(HYD)-TP
  • Tax Payer : Gameloft Software Private Limited
Income tax Appellate Tribunal

ITAT: Upholds corporate guarantee as ‘international transaction’; Confirms TPO’s 1% guarantee fee ALP

  • In Favour of Revenue
  • Citation Number : TS-1070-ITAT-2017(CHNY)-TP
  • Tax Payer : TAKE Solutions Limited
Income tax Appellate Tribunal

ITAT:Upholds RPM over TNMM for benchmarking import transaction; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-15-ITAT-2018(DEL)-TP
  • Tax Payer : Michelin India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Upholds assessee's internal-CPM over TPO's external TNMM following rule of consistency

  • In Favour of Assessee
  • Citation Number : TS-1069-ITAT-2017(Kol)-TP
  • Tax Payer : Madhu Jayanti International Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-addition on foreign currency AE-loan; Remits outstanding AE-receivables issue

  • In Favour of Assessee
  • Citation Number : TS-1068-ITAT-2017(DEL)-TP
  • Tax Payer : Cotton Natural (I) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants Rs.277cr demand stay to PepsiCo subject to 20% deposit; AMP-adjustment in dispute

  • In Favour of Assessee
  • Citation Number : TS-1067-ITAT-2017(DEL)-TP
  • Tax Payer : PepsiCo India Holdings Pvt Ltd
High Court

HC: Revenue Officers get tongue-lashing for 'unholy' desire to multiply litigations; Exemplary costs imposed

  • In Favour of Assessee
  • Citation Number : TS-14-HC-2018(KAR)-TP
  • Tax Payer : Epson India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Corporate guarantee provided without cost, outside ‘international transaction’ ambit; Deletes TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-13-ITAT-2018(Kol)-TP
  • Tax Payer : EIH Ltd
Income tax Appellate Tribunal

ITAT: Obsolete stock write-off an extraordinary event, not international transaction; Deletes TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-12-ITAT-2018(Mum)-TP
  • Tax Payer : Safilo India Private Limited
High Court

HC:Upholds forex-fluctuation treatment as operating item, follows Cashedge; Admits legal question on comparables

  • In Favour of Both, Partially
  • Citation Number : TS-1066-HC-2017(DEL)-TP
  • Tax Payer : Rolls Royce India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects 'benefit test' under garb of 'CUP' for intra-group services ALP-determination

  • In Favour of Assessee
  • Citation Number : TS-1065-ITAT-2017(PUN)-TP
  • Tax Payer : Emerson Climate Technologies (India) Limited
Income tax Appellate Tribunal

ITAT: Rejects Revenue’s PSM using external controlled comparables for benchmarking derivatives marketing services

  • In Favour of Assessee
  • Citation Number : TS-11-ITAT-2018(Mum)-TP
  • Tax Payer : Barclays Bank PLC
High Court

HC: Directs Pepsico to pay Rs.15 Cr demand on disputed AMP-issue

  • In Favour of Revenue
  • Citation Number : TS-1064-HC-2017(DEL)-TP
  • Tax Payer : PepsiCo India Holdings Pvt Ltd