Rulings ( 11976 results )

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High Court

HC: Upholds ITAT’s TP-adjustment deletion on AE-exports after giving +/-5% benefit

  • In Favour of Assessee
  • Citation Number : TS-852-HC-2017(RAJ)-TP
  • Tax Payer : Kgk Enterprises
High Court

HC: Upholds LIBOR as benchmark for AE-loan, deletes adhoc 2% addition to LIBOR

  • In Favour of Assessee
  • Citation Number : TS-851-HC-2017(RAJ)-TP
  • Tax Payer : Vaibhav Gems Ltd (Now known as Vaibhav Global Ltd)
High Court

HC:Upholds ITAT’s comparables selection for software developer; Hewlett-Packard ruling not ‘blindly’ followed

  • In Favour of Both, Partially
  • Citation Number : TS-850-HC-2017(DEL)-TP
  • Tax Payer : ST Microelectronics Pvt Ltd
Income tax Appellate Tribunal

ITAT: Outstanding AE-receivables = ‘capital financing’, qualifies as ‘international transaction’; Distinguishes Ameriprise, Bechtel HC-rulings

  • In Favour of Both, Partially
  • Citation Number : TS-849-ITAT-2017(DEL)-TP
  • Tax Payer : BT e-Serv (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:TP-adjustment doesn't automatically indicate lack of due diligence & good faith; Deletes penalty

  • In Favour of Assessee
  • Citation Number : TS-848-ITAT-2017(DEL)-TP
  • Tax Payer : Halcrow Consulting India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Quashes assessment absent valid TPO-reference; Mentioning international transactions in reference, must

  • In Favour of Assessee
  • Citation Number : TS-847-ITAT-2017(Kol)-TP
  • Tax Payer : Dongfang Electric Corporation Kolkata Project Office
Income tax Appellate Tribunal

ITAT: Confirms turnover based cost allocation absent assessee submitting details asked by TPO

  • In Favour of Both, Partially
  • Citation Number : TS-846-ITAT-2017(Bang)-TP
  • Tax Payer : Systat Software Asia Pacific Ltd
Income tax Appellate Tribunal

ITAT: No apparent mistake in treating interest on AE-payment as non-operating income

  • In Favour of Revenue
  • Citation Number : TS-845-ITAT-2017(Bang)-TP
  • Tax Payer : Syniverse Teledata Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: 0 RPT, impossible situation; Adopts 15% RPT-filter since sufficient comparables available

  • In Favour of Both, Partially
  • Citation Number : TS-844-ITAT-2017(Bang)-TP
  • Tax Payer : Softtek India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Restores interest adjustment for outbound AE-loan to follow Tata Autocomp HC-ruling ratio

  • In Favour of Assessee
  • Citation Number : TS-843-ITAT-2017(Bang)-TP
  • Tax Payer : Subex Limited
Income tax Appellate Tribunal

ITAT: Excludes Infosys, Wipro Solutions as comparable for assessee's IT and ITeS business

  • In Favour of Assessee
  • Citation Number : TS-842-ITAT-2017(Mum)-TP
  • Tax Payer : Tata Consultancy Services Ltd
Income tax Appellate Tribunal

ITAT:Excludes 3 comparables for engineering service-provider; Admits additional evidence for corporate-fees issue

  • In Favour of Both, Partially
  • Citation Number : TS-841-ITAT-2017(Mum)-TP
  • Tax Payer : Rolls-Royce Marine India Private Limited
Income tax Appellate Tribunal

ITAT:Extra credit-period, separate international transaction; Rejects reliance on Kusum HC-ruling

  • In Favour of Both, Partially
  • Citation Number : TS-840-ITAT-2017(Bang)-TP
  • Tax Payer : AMD India Private Ltd
Income tax Appellate Tribunal

ITAT:Directs onsite-revenue filter application to all comparables; Remits Kals to obtain inventory-data

  • In Favour of Both, Partially
  • Citation Number : TS-839-ITAT-2017(Bang)-TP
  • Tax Payer : Galax E Solutions India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits comparables selection back to DRP for passing reasoned/speaking order

  • In Favour of Both, Partially
  • Citation Number : TS-838-ITAT-2017(Bang)-TP
  • Tax Payer : Moody's Analytics Knowledge Services (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds RPM over TNMM for benchmarking purchase/sale transactions, follows earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-837-ITAT-2017(DEL)-TP
  • Tax Payer : Tianjin Tianshi India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Sets-aside DRP’s cryptic order; Restores TP-issues back to DRP for fresh consideration

  • In Favour of Both, Partially
  • Citation Number : TS-836-ITAT-2017(Bang)-TP
  • Tax Payer : Thomson Reuters International Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-addition on software cost reimbursement to AE; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-835-ITAT-2017(DEL)-TP
  • Tax Payer : Benetton India Private Ltd
Income tax Appellate Tribunal

ITAT: Applies real income theory to delete TP-adjustment on transactions with JV

  • In Favour of Assessee
  • Citation Number : TS-834-ITAT-2017(Mum)-TP
  • Tax Payer : The Bombay Dyeing & Mfg Co Limited
Income tax Appellate Tribunal

ITAT: DRP’s order cryptic, stereotyped; Remits TP-issues back to DRP for fresh adjudication

  • In Favour of Assessee
  • Citation Number : TS-833-ITAT-2017(Bang)-TP
  • Tax Payer : Moog India Technology Center P Ltd