Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT: Grants conditional stay subject to 40% outstanding demand payment by year end

  • In Favour of Assessee
  • Citation Number : TS-939-ITAT-2017(Bang)-TP
  • Tax Payer : WM Global Technology Services (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants stay subject to Rs.50L-payment; Assessee's bad financial position submission contrary to facts

  • In Favour of Assessee
  • Citation Number : TS-938-ITAT-2017(Bang)-TP
  • Tax Payer : Oaknet Healthcare Pvt Ltd
Income tax Appellate Tribunal

ITAT: Extends stay of demand; Delay in appeal disposal not attributable to assessee

  • In Favour of Assessee
  • Citation Number : TS-937-ITAT-2017(Bang)-TP
  • Tax Payer : The Himalaya Drug Company
Income tax Appellate Tribunal

ITAT: Stay demand considering prima facie case, partial payment, refund adjustment

  • In Favour of Assessee
  • Citation Number : TS-936-ITAT-2017(Bang)-TP
  • Tax Payer : Swiss Re Global Business Solutions India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes assessment as AO skipped TPO-reference; Remits matter following Carrier Race ruling

  • In Favour of Assessee
  • Citation Number : TS-935-ITAT-2017(Mum)-TP
  • Tax Payer : Bericap India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Multiple-year data cannot be used as matter of right; Upholds TP-adjustment deletion

  • In Favour of Assessee
  • Citation Number : TS-934-ITAT-2017(Bang)-TP
  • Tax Payer : Softbrands India Pvt Ltd (Now INfore Banga-lore Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Upholds aggregation approach for assessee’s manufacturing activity; Follows earlier year order

  • In Favour of Assessee
  • Citation Number : TS-933-ITAT-2017(PUN)-TP
  • Tax Payer : Cummins India Limited
Income tax Appellate Tribunal

ITAT: Stresses on relevance/importance of onsite-revenue filter; Directs application to all comparables

  • In Favour of Revenue
  • Citation Number : TS-932-ITAT-2017(Bang)-TP
  • Tax Payer : Broadcom Communication Technologies Pvt Ltd
Supreme Court

SC: Admits Revenue’s SLP on AMP-adjustment; Tags appeal with assessee’s own case

  • In Favour of Revenue
  • Citation Number : TS-931-SC-2017-TP
  • Tax Payer : Honda Siel Power Product Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP determination of exports to AE & royalty payment; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-929-ITAT-2017(Mum)-TP
  • Tax Payer : Chiron Behring Vaccines Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adopts TNMM as MAM for royalty following earlier order; Remits ALP-determination

  • In Favour of Assessee
  • Citation Number : TS-928-ITAT-2017(HYD)-TP
  • Tax Payer : Euroflex Transmission (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds royalty & managerial services aggregation under TNMM; Rejects Revenue's FEMA reliance

  • In Favour of Both, Partially
  • Citation Number : TS-927-ITAT-2017(CHNY)-TP
  • Tax Payer : Siemens Gamesa Renewable Power Pvt Ltd
Income tax Appellate Tribunal

ITAT: Yardsticks cannot differ for same tested-party; Adopts 6% ALP for all AE-loans

  • In Favour of Assessee
  • Citation Number : TS-926-ITAT-2017(DEL)-TP
  • Tax Payer : House of Pearl Fashions Limited
Income tax Appellate Tribunal

ITAT:Sec 153(2A) limitation applicable despite one of multiple issues remanded; Follows Nokia ruling

  • In Favour of Assessee
  • Citation Number : TS-925-ITAT-2017(DEL)-TP
  • Tax Payer : Bechtel India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Holds reimbursement of arbitration payment on AE’s behalf not part of cost base

  • In Favour of Assessee
  • Citation Number : TS-924-ITAT-2017(DEL)-TP
  • Tax Payer : Hyundai Rotem Company
Income tax Appellate Tribunal

ITAT: Applies Delhi-HC’s Chryscapital ruling over Bombay-HC in Pentair; Remits all comparables

  • In Favour of Assessee
  • Citation Number : TS-923-ITAT-2017(Bang)-TP
  • Tax Payer : IGEFI Software India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants conditional stay; Entity level TP-adjustment contrary to Firestone HC-ruling ratio

  • In Favour of Assessee
  • Citation Number : TS-922-ITAT-2017(Mum)-TP
  • Tax Payer : Owens-Corning (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on share issue; Accepts assessee’s 1% as guarantee fee ALP

  • In Favour of Assessee
  • Citation Number : TS-921-ITAT-2017(Kol)-TP
  • Tax Payer : TCG Lifesciences Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables selection for software developer for AYs 2009-10, 2011-12; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-920-ITAT-2017(Bang)-TP
  • Tax Payer : Sterling Commerce Solutions India Pvt Ltd
High Court

HC: Reduces partial demand payment; Revenue not prejudiced if payment awaits ITAT’s final-decision

  • In Favour of Assessee
  • Citation Number : TS-919-HC-2017(KAR)-TP
  • Tax Payer : Kaypee Electronics & Associates Pvt Ltd