Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT:Upholds LIBOR based interest rate ALP for outstanding AE-receivables; Follows precedents

  • In Favour of Revenue
  • Citation Number : TS-1019-ITAT-2017(DEL)-TP
  • Tax Payer : Delhi Call Centers Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants further stay extension as delay in appeal disposal not attributable to assessee

  • In Favour of Assessee
  • Citation Number : TS-1018-ITAT-2017(Bang)-TP
  • Tax Payer : Epson India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects reliance on earlier-order granting +/-5% benefit considering Sept-11 attack; Remits TP-issue

  • In Favour of Revenue
  • Citation Number : TS-1017-ITAT-2017(DEL)-TP
  • Tax Payer : Nokia India (P) Ltd
Income tax Appellate Tribunal

ITAT: Party allows assessee’s miscellaneous petition; Remits forex treatment issue back to AO/TPO

  • In Favour of Both, Partially
  • Citation Number : TS-1016-ITAT-2017(Bang)-TP
  • Tax Payer : ISG Novasoft Technologies Ltd
Income tax Appellate Tribunal

ITAT: Remits existence of international transaction for AMP-expenses; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1015-ITAT-2017(Bang)-TP
  • Tax Payer : Transitions Optical India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes assessment, revisionary order passed on non-existent merged entity; Follows Maruti-Suzuki ruling

  • In Favour of Assessee
  • Citation Number : TS-1014-ITAT-2017(Bang)-TP
  • Tax Payer : Mindtree Ltd (Previously known as Aztecsoft Ltd)
Income tax Appellate Tribunal

ITAT: Company having different accounting period excludible despite functional comparability; Follows PTC HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-1013-ITAT-2017(PUN)-TP
  • Tax Payer : Applied Micro Circuits India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Reverses CIT(A) order absent remand of assessee’s TP-documentation not filed before TPO

  • In Favour of Revenue
  • Citation Number : TS-1012-ITAT-2017(DEL)-TP
  • Tax Payer : Mindspeed Technologies Ltd
Income tax Appellate Tribunal

ITAT:Remits TP-issues absent time / opportunity granted to assessee to comply with TPO’s-directions

  • In Favour of Both, Partially
  • Citation Number : TS-1011-ITAT-2017(CHNY)-TP
  • Tax Payer : POSCO India Chennai Steel Processing Centre Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s miscellaneous petition filed with 2 months delay as time barred

  • In Favour of Assessee
  • Citation Number : TS-1010-ITAT-2017(Bang)-TP
  • Tax Payer : Infineon Technologies India Ltd
Income tax Appellate Tribunal

ITAT: Holds outstanding AE-receivables as International Transaction, Sec 92B Explanation retroactive; Upholds TP-adjustment

  • In Favour of Revenue
  • Citation Number : TS-1009-ITAT-2017(Bang)-TP
  • Tax Payer : Nuance Transcription Services India Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Holds Infosys as comparable considering Adobe's predominant role in software module development

  • In Favour of Both, Partially
  • Citation Number : TS-1008-ITAT-2017(DEL)-TP
  • Tax Payer : Adobe Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for ITeS provider; TPO to consider working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-1007-ITAT-2017(DEL)-TP
  • Tax Payer : Exevo India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment as assessee’s R&D activity, not international transaction; Follows own HC-order

  • In Favour of Assessee
  • Citation Number : TS-1006-ITAT-2017(DEL)-TP
  • Tax Payer : Honda R & D (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 6 comparables and remits 3 companies’ inclusion for software developer

  • In Favour of Assessee
  • Citation Number : TS-1005-ITAT-2017(DEL)-TP
  • Tax Payer : Alcatel-Lucent India Ltd
Income tax Appellate Tribunal

ITAT: Rejects assessee's miscellaneous-petition against Infosys, Wipro remand; Accepts Saksoft's exclusion as erroneous

  • In Favour of Both, Partially
  • Citation Number : TS-1004-ITAT-2017(Bang)-TP
  • Tax Payer : Radisys India P. Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-determination of imports citing cryptic CIT(A)-order; Leaves Sec 271(1)(c)-penalty issue open

  • In Favour of Assessee
  • Citation Number : TS-1003-ITAT-2017(DEL)-TP
  • Tax Payer : Whirlpool of India Ltd
Income tax Appellate Tribunal

ITAT: Remits forex fluctuation and risk adjustment citing cryptic DRP-order

  • In Favour of Assessee
  • Citation Number : TS-1002-ITAT-2017(Bang)-TP
  • Tax Payer : Marlabs Software Pvt Ltd
Income tax Appellate Tribunal

ITAT: Royalty payment when AE was independent entity, an ‘uncontrolled transaction’; Deletes TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-1001-ITAT-2017(PUN)-TP
  • Tax Payer : Kalyani Hayes Lemmerz Ltd
Income tax Appellate Tribunal

ITAT:Corporate guarantee not international transaction for AY 2009-10; Rejects ‘flat-rate’ for benchmarking AE-loan

  • In Favour of Both, Partially
  • Citation Number : TS-1000-ITAT-2017(PUN)-TP
  • Tax Payer : Autoline Industries Ltd