Rulings ( 11976 results )

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High Court

HC: Stays ITAT-order directing Rs.50 lakhs payment on demand arising due to AMP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-918-HC-2017(DEL)-TP
  • Tax Payer : Casio India Company Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes Kals, Bodhtree for software developer; Follows Cisco Systems ruling

  • In Favour of Assessee
  • Citation Number : TS-917-ITAT-2017(Bang)-TP
  • Tax Payer : Sling Media Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s miscellaneous petition absent specific ground in appeal for comparable exclusion

  • In Favour of Both, Partially
  • Citation Number : TS-916-ITAT-2017(Bang)-TP
  • Tax Payer : AOL Online India P Ltd
Income tax Appellate Tribunal

ITAT: Remits issue of adopting quotation prices as CUP to follow Adani Wilmar HC-ratio

  • In Favour of Assessee
  • Citation Number : TS-915-ITAT-2017(Bang)-TP
  • Tax Payer : British Engines (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in IT/ITES segments; Cites Safe-Harbour for KPO, BPO services differentiation

  • In Favour of Assessee
  • Citation Number : TS-914-ITAT-2017(PUN)-TP
  • Tax Payer : PTC Software (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes concealment penalty despite no proper benchmarking; Cites nascent stage of TP-regulations

  • In Favour of Assessee
  • Citation Number : TS-913-ITAT-2017(Mum)-TP
  • Tax Payer : Fuchs Lubricants (India) P Ltd
Income tax Appellate Tribunal

ITAT: Upholds assessment order despite DRP’s non-admission of assessee’s objections; Follows Inno Estates ruling

  • In Favour of Assessee
  • Citation Number : TS-912-ITAT-2017(HYD)-TP
  • Tax Payer : Gameloft Software Private Limited
Income tax Appellate Tribunal

ITAT:Confirms TP-adjustment deletion on purchases/ sales transactions considering CIT(A)'s well reasoned order

  • In Favour of Assessee
  • Citation Number : TS-911-ITAT-2017(DEL)-TP
  • Tax Payer : Unipatch Rubber Ltd
Income tax Appellate Tribunal

ITAT: Grants 5% tolerance benefit despite actual difference being 5.14%, considers assessee's lower depreciation

  • In Favour of Assessee
  • Citation Number : TS-910-ITAT-2017(CHNY)-TP
  • Tax Payer : Western Thomson (India) Private Ltd
Income tax Appellate Tribunal

ITAT: Remits entire TP-issue in ITES segment to consider assessee’s objections

  • In Favour of Both, Partially
  • Citation Number : TS-909-ITAT-2017(Bang)-TP
  • Tax Payer : lndecomm Global Services (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits 6 comparables for de-novo assessment for ship management services provider

  • In Favour of Assessee
  • Citation Number : TS-908-ITAT-2017(Mum)-TP
  • Tax Payer : British Marine PLC - India Branch
Income tax Appellate Tribunal

ITAT: Remits TP-issues in software development, ITES segments considering DRP’s cryptic, non-speaking order

  • In Favour of Both, Partially
  • Citation Number : TS-907-ITAT-2017(Bang)-TP
  • Tax Payer : AOL Online India P Ltd
Income tax Appellate Tribunal

ITAT: Grants conditional stay on demand inter-alia arising due to AMP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-905-ITAT-2017(CHANDI)-TP
  • Tax Payer : GlaxoSmithKline Consumer Healthcare Ltd
Income tax Appellate Tribunal

ITAT: Includes Ultramine & Pigments as comparable for ITES-provider; Follows Chryscapital ruling ratio

  • In Favour of Both, Partially
  • Citation Number : TS-904-ITAT-2017(DEL)-TP
  • Tax Payer : Vertex Customer Services India (P) Limited
Income tax Appellate Tribunal

ITAT: Rules on comparable selection for research & technical and back office support services

  • In Favour of Both, Partially
  • Citation Number : TS-903-ITAT-2017(Mum)-TP
  • Tax Payer : Exxon Mobile Company India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Variation in net-profit of comparables itself doesn’t justify multiple year data use

  • In Favour of Revenue
  • Citation Number : TS-902-ITAT-2017(DEL)-TP
  • Tax Payer : Va Tech Esher Wyas Flovel Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables selection for software developer; Remits working capital adjustment quantification

  • In Favour of Assessee
  • Citation Number : TS-900-ITAT-2017(Bang)-TP
  • Tax Payer : NI Systems (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: CIT(A) adoption of MAM and comparable simply quoting judicial pronouncement, inappropriate

  • In Favour of Both, Partially
  • Citation Number : TS-899-ITAT-2017(Bang)-TP
  • Tax Payer : Infineon Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: AMP expenses not an international transaction, deletes Rs. 81 Cr addition; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-898-ITAT-2017(DEL)-TP
  • Tax Payer : AMADEUS INDIA PVT LTD
Income tax Appellate Tribunal

ITAT: Rejects Sec 10A-deduction curtailment; AO cannot re-examine transaction once ALP accepted by TPO

  • In Favour of Assessee
  • Citation Number : TS-897-ITAT-2017(PUN)-TP
  • Tax Payer : Eaton Industries Pvt Ltd