Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT:Lehman collapse extraordinary, Indian arm gets another chance to substantiate Revenue-split method

  • In Favour of Both, Partially
  • Citation Number : TS-999-ITAT-2017(Mum)-TP
  • Tax Payer : Lehman Brothers Securities Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts Revenue’s request to remit AMP-issue back to TPO absent assessee’s objection

  • In Favour of Both, Partially
  • Citation Number : TS-998-ITAT-2017(CHANDI)-TP
  • Tax Payer : GlaxoSmithKline Consumer Healthcare Ltd
Income tax Appellate Tribunal

ITAT:Dismisses miscellaneous petition; Upholds Cosmic Global exclusion & Accentia inclusion for ITES-provider

  • In Favour of Revenue
  • Citation Number : TS-997-ITAT-2017(Bang)-TP
  • Tax Payer : Control Component India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits aggregation issue for royalty / FTS transactions; Follows HC-order in own case

  • In Favour of Assessee
  • Citation Number : TS-996-ITAT-2017(DEL)-TP
  • Tax Payer : Gruner India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 6 comparables for software -developer citing functional dissimilarity, segmental data unavailability etc.

  • In Favour of Assessee
  • Citation Number : TS-995-ITAT-2017(DEL)-TP
  • Tax Payer : Agilis Information Technologies International Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits L&T, Persistent comparability for software developer; Directs working capital adjustment re-computation

  • In Favour of Assessee
  • Citation Number : TS-994-ITAT-2017(Bang)-TP
  • Tax Payer : Microsoft Research Lab India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustments w.r.t. interest on receivables and corporate guarantee; Follows Micro-Ink ruling

  • In Favour of Assessee
  • Citation Number : TS-993-ITAT-2017(Rjt)-TP
  • Tax Payer : Dorf Metal Speciality Catalyst Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes assessment framed on non-existent amalgamating company as void ab initio; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-992-ITAT-2017(DEL)-TP
  • Tax Payer : Transcend MT Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows Revenue’s MP; Directs application of onsite revenue filter to all comparables

  • In Favour of Revenue
  • Citation Number : TS-991-ITAT-2017(Bang)-TP
  • Tax Payer : Dell International Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Refuses to grant second innings to make assessee’s case good; Upholds management-fee adjustment

  • In Favour of Revenue
  • Citation Number : TS-990-ITAT-2017(Bang)-TP
  • Tax Payer : Safran Engineering Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Includes comparable with different FY-ending; Deletes TP-adjustment on delayed AE-receivables

  • In Favour of Assessee
  • Citation Number : TS-989-ITAT-2017(DEL)-TP
  • Tax Payer : Bain Capability Centre India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds internal-CUP over TNMM for benchmarking export transaction; Follows earlier-orders

  • In Favour of Both, Partially
  • Citation Number : TS-988-ITAT-2017(PUN)-TP
  • Tax Payer : Henkel Adhesives Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants conditional stay; TP-adjustment on payment towards shared market-research tools in dispute

  • In Favour of Assessee
  • Citation Number : TS-987-ITAT-2017(Mum)-TP
  • Tax Payer : Ipsos Research Private Limited
Income tax Appellate Tribunal

ITAT: Grants conditional stay; Revenue’s extraordinary delay in granting earlier-year refund, not ‘good-governance’

  • In Favour of Assessee
  • Citation Number : TS-986-ITAT-2017(Mum)-TP
  • Tax Payer : UPS Jetair Express Private Limited
Income tax Appellate Tribunal

ITAT: Assessee can’t be penalized for attorney's mistake; Deletes TP-adjustment following SC-ruling ratio

  • In Favour of Assessee
  • Citation Number : TS-985-ITAT-2017(Kol)-TP
  • Tax Payer : Epcos India Private Limited
Income tax Appellate Tribunal

ITAT: TNMM requires only broad functional similarity; Retains Cybermate despite exclusion in earlier-year

  • In Favour of Assessee
  • Citation Number : TS-984-ITAT-2017(Mum)-TP
  • Tax Payer : Lionbridge Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Safe-Harbour Rules inapplicable for AY 2009-10; Rejects assessee’s ‘different yardstick’ for RPT computation

  • In Favour of Both, Partially
  • Citation Number : TS-983-ITAT-2017(DEL)-TP
  • Tax Payer : Freescale Semiconductor India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Accepts RPM over TNMM for trading segment; Follows DRP-order for subsequent AY 2012-13

  • In Favour of Assessee
  • Citation Number : TS-982-ITAT-2017(Bang)-TP
  • Tax Payer : Avnet India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Confirms corporate guarantee adjustment deletion, restriction on interest rate ALP for AE-loan

  • In Favour of Both, Partially
  • Citation Number : TS-981-ITAT-2017(Rjt)-TP
  • Tax Payer : Jyoti CNC Automation Pvt Ltd
Income tax Appellate Tribunal

ITAT: Includes 2 comparables absent challenge to 25% RPT-filter; Distinguishes earlier-order applying 15%-filter

  • In Favour of Both, Partially
  • Citation Number : TS-980-ITAT-2017(Bang)-TP
  • Tax Payer : Infinera India Pvt Ltd