Rulings ( 11976 results )

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High Court

HC:Upholds TP-adjustment on Dabur’s royalty receipts; Refuses to ignore previous structure

  • In Favour of Revenue
  • Citation Number : TS-979-HC-2017(DEL)-TP
  • Tax Payer : Dabur India Ltd
Income tax Appellate Tribunal

ITAT: Refuses interference with ITAT-order on comparables selection absent failure to consider assessee’s pleadings

  • In Favour of Revenue
  • Citation Number : TS-978-ITAT-2017(Bang)-TP
  • Tax Payer : Curam Software International Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Remits assessee's functional profile evaluation; For different-year-end filter, distinguishes McKinsey HC ruling

  • In Favour of Both, Partially
  • Citation Number : TS-977-ITAT-2017(Bang)-TP
  • Tax Payer : e4e Business Solutions India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes Accentia, Cosmic Global, Crossdomain & Infosys-BPO for ITES provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-976-ITAT-2017(DEL)-TP
  • Tax Payer : UT Starcom Inc
Income tax Appellate Tribunal

ITAT: Accepts Shroff Engineering as functionally comparable to assessee manufacturer; Dismisses Revenue’s appeal

  • In Favour of Assessee
  • Citation Number : TS-975-ITAT-2017(DEL)-TP
  • Tax Payer : Weir Minerals (India) Private Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on AMP spend and brand royalty; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-974-ITAT-2017(DEL)-TP
  • Tax Payer : Maruti Suzuki India Ltd
High Court

HC: Dismisses Revenue’s appeal; No reason to exclude Govt.-owned undertaking absent specific provision

  • In Favour of Assessee
  • Citation Number : TS-973-HC-2017(MAD)-TP
  • Tax Payer : Same Deutz – Fahr India Private Limited
Income tax Appellate Tribunal

ITAT:Dismisses condonation application absent sufficient cause for 117 days appeal filing delay

  • In Favour of Revenue
  • Citation Number : TS-972-ITAT-2017(Mum)-TP
  • Tax Payer : TCL India Holdings Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds CIT(A)’s deletion of adjustment relating to SIA/RBI approved royalty; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-971-ITAT-2017(PUN)-TP
  • Tax Payer : Spicer India Private Ltd (Formerly known as Spicer India Limited)
Income tax Appellate Tribunal

ITAT: Rules on comparables selection in IT & ITES segments; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-970-ITAT-2017(PUN)-TP
  • Tax Payer : Principal Global Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 5 comparables for software developer; Follows AOL Online ruling

  • In Favour of Assessee
  • Citation Number : TS-969-ITAT-2017(Bang)-TP
  • Tax Payer : Sterling Commerce Solutions India Private Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)'s corporate guarantee adjustment deletion, interest-rate ALP restriction; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-968-ITAT-2017(Rjt)-TP
  • Tax Payer : Jyoti CNC Automation Pvt Ltd
Income tax Appellate Tribunal

ITAT:Condones delay in filing objections before DRP absent malafide intention; Follows MST-Katiji ruling

  • In Favour of Assessee
  • Citation Number : TS-967-ITAT-2017(Bang)-TP
  • Tax Payer : Conergy Energy Sytems Pvt Ltd
Income tax Appellate Tribunal

ITAT:Revenue's ALP-determination of royalty at Nil, contrary to Cushman ratio; Remits issue

  • In Favour of Assessee
  • Citation Number : TS-966-ITAT-2017(DEL)-TP
  • Tax Payer : Honda Motor India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds Rs.200cr turnover filter application; Follows favourable Pentair over Chryscapital HC-ruling

  • In Favour of Both, Partially
  • Citation Number : TS-965-ITAT-2017(Bang)-TP
  • Tax Payer : Dell International Services India Private Ltd
Income tax Appellate Tribunal

ITAT: Excludes 2 functionally dissimilar comparables for software-developer; Treats forex-gain as operating nature

  • In Favour of Assessee
  • Citation Number : TS-964-ITAT-2017(DEL)-TP
  • Tax Payer : Tektronix (India) P Ltd
Income tax Appellate Tribunal

ITAT: Benchmarking interest on AE-receivables with capital bonds amounts to transaction re-characterization

  • In Favour of Assessee
  • Citation Number : TS-963-ITAT-2017(DEL)-TP
  • Tax Payer : AVL India Private Limited
Income tax Appellate Tribunal

ITAT: Upholds aggregation of IT & ITeS provided under composite agreement; Rejects Revenue’s AS-17 reliance

  • In Favour of Assessee
  • Citation Number : TS-962-ITAT-2017(Kol)-TP
  • Tax Payer : Data Core (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes protective AMP-adjustment; Sony HC-ruling discarding BLT binding despite Revenue’s SC appeal

  • In Favour of Assessee
  • Citation Number : TS-961-ITAT-2017(DEL)-TP
  • Tax Payer : Toshiba India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Remits royalty benchmarking to follow co-ordinate bench directions in assessee's own case

  • In Favour of Assessee
  • Citation Number : TS-960-ITAT-2017(DEL)-TP
  • Tax Payer : Munjal Showa Limited