Rulings ( 11976 results )

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High Court

HC: Leaves question whether Rule 10B includes both direct, indirect production costs open for consideration

  • In Favour of Both, Partially
  • Citation Number : TS-874-HC-2017(DEL)-TP
  • Tax Payer : Swarovski India Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal; Upholds aggregation of ESPN’s 'channel distribution' and 'advertisement-sale' segments

  • In Favour of Assessee
  • Citation Number : TS-873-HC-2017(DEL)-TP
  • Tax Payer : ESPN Software India Ltd
Income tax Appellate Tribunal

ITAT: Deletes Sec. 271G penalty; Jurisdiction transfer request reasonable cause for delayed information submission

  • In Favour of Assessee
  • Citation Number : TS-872-ITAT-2017(DEL)-TP
  • Tax Payer : NTT DATA Global Delivery Services Ltd
High Court

HC:Appropriateness of TP-method not question of law unless shown as contrary to Rules 10B/10C

  • In Favour of Assessee
  • Citation Number : TS-871-HC-2017(DEL)-TP
  • Tax Payer : Makemy Trip India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-issue for fresh decision; Directs DRP to pass reasoned, speaking order

  • In Favour of Assessee
  • Citation Number : TS-870-ITAT-2017(Bang)-TP
  • Tax Payer : Aptean Software India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Stays demand on AMP-issue subject to non-alienation of immovable properties

  • In Favour of Assessee
  • Citation Number : TS-869-ITAT-2017(Bang)-TP
  • Tax Payer : Alcon Laboratories (India) Private Limited
Income tax Appellate Tribunal

ITAT: Excludes Accentia, Cosmic Global, Eclerx while benchmarking ITeS segment; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-868-ITAT-2017(DEL)-TP
  • Tax Payer : NCS Pearson India Private Limited
Income tax Appellate Tribunal

ITAT:Upholds CIT(A)’s determination of LIBOR+300bps as interest ALP for AE loan

  • In Favour of Revenue
  • Citation Number : TS-867-ITAT-2017(Mum)-TP
  • Tax Payer : Roha Dyechem Pvt Ltd
Income tax Appellate Tribunal

ITAT: CIT(A)'s comparables exclusion unsustainable absent opportunity to TPO, cites Rule 46A violation

  • In Favour of Revenue
  • Citation Number : TS-866-ITAT-2017(Bang)-TP
  • Tax Payer : Infinera India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes Sec 271G-penalty absent notice u/s 92D(3) specifying information requisition; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-865-ITAT-2017(Mum)-TP
  • Tax Payer : Cadbury Schweppes Overseas Ltd
Income tax Appellate Tribunal

ITAT: Excludes TCS E-Serve for assessee’s ITES; Excludes 2 comparables for software development

  • In Favour of Assessee
  • Citation Number : TS-863-ITAT-2017(DEL)-TP
  • Tax Payer : Stryker Global Technology Center Private Limited
Income tax Appellate Tribunal

ITAT: Deletes Sec. 271G penalty citing practical difficulty in information submission for diamond merchants

  • In Favour of Assessee
  • Citation Number : TS-862-ITAT-2017(Mum)-TP
  • Tax Payer : D Navinchandra Exports Pvt Ltd
High Court

HC:Comparables inclusion/exclusion per se not question of law; Upholds ITAT-order

  • In Favour of Assessee
  • Citation Number : TS-861-HC-2017(DEL)-TP
  • Tax Payer : WSP Consultants India Pvt Ltd
Supreme Court

SC:Dismisses Revenue's SLP against HC judgment upholding TNMM for technical service fee

  • In Favour of Assessee
  • Citation Number : TS-860-SC-2017-TP
  • Tax Payer : Magneti Marelli Powertrain India Pvt Ltd
High Court

HC: Upholds ITAT’s exclusion of Mold-Tek Technologies for assessee's back-office research services

  • In Favour of Assessee
  • Citation Number : TS-859-HC-2017(DEL)-TP
  • Tax Payer : Evalueserve.com Pvt Ltd
Income tax Appellate Tribunal

ITAT: No TP-adjustment warranted on AE-receivables after allowing working capital adjustment; Follows Kusum-ruling

  • In Favour of Assessee
  • Citation Number : TS-858-ITAT-2017(HYD)-TP
  • Tax Payer : EPAM Systems India P Ltd
Income tax Appellate Tribunal

ITAT:Remits seconded employee’s salary reimbursement for verification whether transaction routed through books

  • In Favour of Assessee
  • Citation Number : TS-857-ITAT-2017(HYD)-TP
  • Tax Payer : United States Pharmacopeia India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Restores ALP-computation for onsite services from AE to consider excess TP-adjustment claim

  • In Favour of Both, Partially
  • Citation Number : TS-856-ITAT-2017(Bang)-TP
  • Tax Payer : Altimetrik India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for software developer; +/-5% not standard deduction post 2012-amendment

  • In Favour of Both, Partially
  • Citation Number : TS-855-ITAT-2017(Bang)-TP
  • Tax Payer : SAP Labs India Private Ltd
High Court

HC: Upholds ITAT-order; Sister-in-law neither 'associated' nor 'relative' u/s 92A

  • In Favour of Assessee
  • Citation Number : TS-854-HC-2017(RAJ)-TP
  • Tax Payer : Jaipur Silver Jewels P Ltd