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Tribunal excludes 3 comparables from transfer pricing analysis, directs AO to r…
This case involves an appeal filed by the assessee against the assessment order for the assessment year 2007-08, where the Transfer Pricing Officer (TPO) and the Dispute Resolution Panel (DRP) had determined the arm's length price (ALP) of the asses…
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IT firm's transfer pricing adjustment rejected; comparables rightly excluded by…
This case involves an appeal filed by the revenue department against the decision of the Income Tax Appellate Tribunal (ITAT) regarding the exclusion of certain companies as comparables for determining the arm's length price (ALP) of international t…
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Tribunal upholds exclusion of Accentia Technologies and Infosys BPO as comparab…
This case deals with the selection of comparable companies for benchmarking the arm's length price of international transactions between the assessee, a captive back office service provider, and its associated enterprises (AEs). The Revenue challeng…
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Software firm wins transfer pricing case, court rejects comparable companies wi…
This case involves an appeal by a software company against the transfer pricing adjustment made by the tax authorities. The key issue was the selection of comparable companies for determining the arm's length price of the company's international tra…
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Software firm wins partial relief from transfer pricing adjustment on staffing,…
The case involves a software company that appealed against a transfer pricing adjustment made by the tax authorities on its international transactions related to software development and staffing services provided to associated enterprises (AEs). Th…
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German IT firm's transfer pricing adjustment reduced by Income Tax Appellate Tr…
This case involves an appeal filed by Bertelsmann Marketing Services India Private Limited (the Assessee), a wholly-owned subsidiary of a German company, against the transfer pricing adjustment made by the Indian tax authorities for the Assessment Y…
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Court rules on transfer pricing adjustments for IT-enabled services, provides g…
This case involves transfer pricing disputes between an Indian IT-enabled services (ITeS) company and the Indian tax authorities for the assessment years 2011-12 and 2012-13. The key issues relate to the selection of comparable companies for benchma…
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Software firm wins transfer pricing case as court upholds exclusion of 4 compar…
This case involves a software company (respondent) that rendered services to its US parent company. The Tax Department challenged the exclusion of 4 companies used as comparables by the Transfer Pricing Officer (TPO) to benchmark the respondent's in…
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IT firm wins transfer pricing case, 4 comparables excluded by ITAT
This case involves a transfer pricing dispute between an IT firm and the Income Tax Department. The Income Tax Assessing Officer (AO) made a transfer pricing adjustment of Rs. 3.37 crores to the value of international transactions between the assess…
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IT firm wins transfer pricing case, avoids Rs 9.56 crore tax adjustment on expo…
The case involves an IT company that provided business process outsourcing (BPO) services exclusively to its associated enterprises. The tax authorities made a transfer pricing adjustment of Rs 9.56 crore to the value of the company's international …
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Software firm wins transfer pricing dispute, 3 comparables excluded by tax trib…
This case involves a software company (the assessee) that was engaged in a transfer pricing dispute with the Indian tax authorities over the appropriate comparables to use for benchmarking its international transactions. The tax authorities included…
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IT firm wins partial relief on transfer pricing adjustments for FY 2017-18
This case involves an appeal filed by an IT firm against the assessment order passed by the Income Tax Department for the financial year 2017-18. The primary issue pertains to the selection of comparable companies for benchmarking the firm's interna…
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Trust providing coaching for Russian studies and paramedical courses allowed ta…
Income Tax,Apr. 01, 2024The case involved a trust, Indo-Soviet Medicare & Research Foundation, which entered into an agreement with the USSR State Committee to sponsor Indian students for higher studies in USSR. The trust collected fees from selected students to establish a center for Russian language and preparatory courses in India. After the dissolution of the USSR, the trust started its own paramedical education and training school and also provided financial assistan…
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Private Coaching Institute Not Considered Charitable Institution under Income-t…
Income Tax,Mar. 27, 2024The case involved the Bihar Institute of Mining & Mine Surveying, a society registered under the Societies Registration Act, which applied for registration as a charitable institution under Section 12A of the Income Tax Act, 1961. The Commissioner of Income Tax rejected the application, and the institute challenged this decision in the High Court of Patna. The High Court upheld the Commissioner's decision, ruling that the institute, which primarily…
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CII wins case, modular employment scheme deemed outside service tax ambit.
Customs & Excise,Mar. 26, 2024The Confederation of Indian Industry (CII) appealed against an order demanding service tax on various services, including convention services, business exhibition services, and the modular employment scheme. The CESTAT Chandigarh allowed CII's appeal, ruling that the modular employment scheme is a vocational training program exempt from service tax, and that the convention services provided by CII were not taxable as they were open to the general p…
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The judgment dismisses the Writ Petitions filed by Mr. A. Irudayam, a former em…
Others,Apr. 01, 2024The judgment addresses the Writ Petitions filed by Mr. A. Irudayam, who was a former employee of the Institute of Chartered Accountants of India. The petitioner sought justice for the students of Chartered Accountancy alleging that their fundamental rights were violated due to arbitrary exercise of power and actions, which were ultra vires the provisions of the Chartered Accountants Act. The petitioner filed six Writ Petitions with varied prayers, …
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Educational institute wins GST exemption for outsourced exam services in Gujara…
Goods & Services Tax,May. 18, 2022The Gujarat High Court ruled in favor of M/s Educational Initiatives Pvt. Ltd., an educational services provider, in a dispute over the applicability of the Goods and Services Tax (GST) exemption for services related to conducting examinations for schools. The court quashed the order of the Gujarat Appellate Authority for Advance Ruling, which had denied the exemption, and affirmed the original ruling granting the exemption.
Printing of examination materials for educational institutions exempted from GS…
The case involves an application filed by M/s. V S Hi-Tech Security Forms Private Limited before the Authority for Advance Rulings (AAR) in Telangana. The applicant sought clarification on whether the printing services provided for pre-examination items (question papers, OMR sheets, answer booklets), post-examination items (marks cards, certificates), and scanning and processing of examination results for educational institutions would be exempt fr…
Goods & Services Tax,Mar. 26, 2024-
Pre and post-examination services to universities exempted from GST, AAR rules.
Goods & Services Tax,Mar. 26, 2024The case involves an application filed by the Institute Of Education And Examination Management Pvt. Ltd. before the Goods and Services Tax Authority for Advance Rulings (AAR) in West Bengal. The applicant sought clarity on whether the pre and post-examination services provided to universities would be exempt from Goods and Services Tax (GST) under Notification No. 12/2017-Central (Rate). The AAR ruled that such services would be exempt from GST as…
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Trust's registration denied over fund transfers to another society, but court a…
Income Tax,Mar. 26, 2024This case involves an appeal by Markandashwar Shivji Education Trust against the denial of registration under Section 12A of the Income Tax Act by the Commissioner of Income Tax (Exemptions) [CIT(E)]. The CIT(E) had rejected the trust's application due to concerns over fund transfers to another society and lack of financial documentation. The Income Tax Appellate Tribunal (ITAT) set aside the CIT(E)'s order and remanded the matter for re-examinatio…
Services related to conducting exams by educational boards/councils exempted fr…
Goods & Services Tax,Mar. 26, 2024The case involved an application filed by Management & Computer Consultants, seeking an advance ruling on whether their services related to conducting examinations for educational boards, councils, and universities would be exempt from Goods and Services Tax (GST) under Entry No. 66 of Notification No. 12/2017-Central Tax (Rate). The Appellate Authority for Advance Ruling (AAAR) in West Bengal ruled in favor of the applicant, holding that such serv…
Training for aircraft type rating extension by CAE Simulation not exempt from G…
CAE Simulation Training Private Limited, an approved training organization by the Directorate General of Civil Aviation (DGCA), sought an advance ruling on whether the training services provided to commercial pilots for obtaining aircraft type rating (ATR) extensions on their existing licenses are exempt from Goods and Services Tax (GST). The Appellate Authority for Advance Ruling (AAAR) in Uttar Pradesh upheld the earlier ruling that such services…
Goods & Services Tax,Mar. 26, 2024-
Goods & Services Tax , Mar. 14. 2024Court dismisses GST appeal as time-barred, upholds strict limitation period und…
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Others , Mar. 16. 2024Discover the seamless process for A Listed Company issuing Non-Convertible Debe…
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Goods & Services Tax , Mar. 14. 2024GST Appeal Dismissed as Time-Barred, Court Upholds Strict Limitation Period Und…
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Co. Law, Sebi, Audit & A/c , Mar. 16. 2024SEBI Circular Addresses Appointment of Nominee Director by Debenture Trustees
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Co. Law, Sebi, Audit & A/c , Mar. 16. 2024MCA Mandates Dematerialization of Securities for Private Companies in India
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