Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT: Rejects inclusion of Satyam-BPO for ITES-provider citing fraud; Distinguishes American Express ruling

  • In Favour of Both, Partially
  • Citation Number : TS-1052-ITAT-2017(DEL)-TP
  • Tax Payer : Vertex Customer Services India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables for ITES provider; Restricts TP-adjustment only to AE-transactions

  • In Favour of Assessee
  • Citation Number : TS-8-ITAT-2018(Mum)-TP
  • Tax Payer : Tracmail ( India) Private Limited
Income tax Appellate Tribunal

ITAT: Quashes AO’s assessment order passed without incorporating DRP's mandatory directions

  • In Favour of Assessee
  • Citation Number : TS-7-ITAT-2018(Bang)-TP
  • Tax Payer : Software Paradigms Infotech Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits Forward Foreign Exchange Contract (FFEC) transaction to consider additional evidences filed by assessee

  • In Favour of Both, Partially
  • Citation Number : TS-6-ITAT-2018(Mum)-TP
  • Tax Payer : Citibank Overseas Investment Corporation
Income tax Appellate Tribunal

ITAT:Deletes Rs. 69 cr TP-adjustment on AE-share sale; Rejects Revenue's 'perpetual growth rate' based valuation

  • In Favour of Assessee
  • Citation Number : TS-5-ITAT-2018(Mum)-TP
  • Tax Payer : First Advantage Quest Research Limited
Income tax Appellate Tribunal

ITAT: Accepts assessee’s plea for appeal withdrawal in light of resolution under unilateral-APA

  • In Favour of Both, Partially
  • Citation Number : TS-1050-ITAT-2017(Bang)-TP
  • Tax Payer : First Advantage Global Operating Center Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes TPO's assuming of AO's role by determining accounting policy/method

  • In Favour of Assessee
  • Citation Number : TS-4-ITAT-2018(Mum)-TP
  • Tax Payer : Hazaria Cryogenic Engineering and Construction Management Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables selection in assessee’s software-development, ITES segments; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-1049-ITAT-2017(Bang)-TP
  • Tax Payer : TE Connectivity Global Shared Services India Pvt. Ltd
Income tax Appellate Tribunal

ITAT:Dismisses appeal against CIT(A)’s penalty-deletion considering fresh proceedings post-ITAT’s quantum adjustment remand

  • In Favour of Assessee
  • Citation Number : TS-3-ITAT-2018(DEL)-TP
  • Tax Payer : Actis Advisers Pvt Ltd
Income tax Appellate Tribunal

ITAT: Can’t add markup on expense reimbursements as merely balance-sheet entries; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-1048-ITAT-2017(HYD)-TP
  • Tax Payer : Cambridge Technology Enterprises Ltd
Supreme Court

SC: Dismisses Revenue's SLP; HC ruled on interpretation of AE-relationship between family-controlled entities

  • In Favour of Assessee
  • Citation Number : TS-2-SC-2018-TP
  • Tax Payer : Veer Gems
Income tax Appellate Tribunal

ITAT: Excludes Bodthree, remits Tata Elxsi & Infosys comparability for software developer

  • In Favour of Both, Partially
  • Citation Number : TS-1047-ITAT-2017(Bang)-TP
  • Tax Payer : Narus Networks Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects DRP’s entity level TP-adjustment; Follows Keihin Panalfa & Alstom Projects HC-rulings

  • In Favour of Assessee
  • Citation Number : TS-1046-ITAT-2017(CHNY)-TP
  • Tax Payer : Yongsan Automotive India Pvt Ltd
Supreme Court

SC: Upholds HC’s quashing of show-cause-notice as beyond scope of ITAT’s specific remand

  • In Favour of Assessee
  • Citation Number : TS-1-SC-2018-TP
  • Tax Payer : Li and Fung India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses TP-grounds in view of settlement of dispute under MAP

  • In Favour of Both, Partially
  • Citation Number : TS-1045-ITAT-2017(Bang)-TP
  • Tax Payer : Flowserve India Controls Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects Tribunal’s income enhancement by considering guarantee commission in ALP; Allows miscellaneous-application

  • In Favour of Assessee
  • Citation Number : TS-1044-ITAT-2017(Mum)-TP
  • Tax Payer : Uttam Galva Steel Ltd
Income tax Appellate Tribunal

ITAT: Dismisses assessee's miscellaneous petition alleging non-adjudication of some TP-grounds

  • In Favour of Revenue
  • Citation Number : TS-1043-ITAT-2017(Bang)-TP
  • Tax Payer : Kaypee Electronics & Associates Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects miscellaneous-petition seeking additional evidence consideration regarding receipt of intra-group services

  • In Favour of Revenue
  • Citation Number : TS-1042-ITAT-2017(Bang)-TP
  • Tax Payer : Herbalife International India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses miscellaneous petition seeking adjudication on certain grounds absent arguments during hearing

  • In Favour of Assessee
  • Citation Number : TS-1041-ITAT-2017(Bang)-TP
  • Tax Payer : Biesse Manufacturing Co. Pvt. Ltd
Income tax Appellate Tribunal

ITAT:Allows miscellaneous petition; Recalls order dismissing assessee's appeal in limine

  • In Favour of Assessee
  • Citation Number : TS-1040-ITAT-2017(Bang)-TP
  • Tax Payer : Indeca Sporting Goods Pvt Ltd