Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT:Remits TP-issue to consider only segmental results in engineering segment for benchmarking

  • In Favour of Assessee
  • Citation Number : TS-812-ITAT-2017(Mum)-TP
  • Tax Payer : Valmet Automation India Private Limited
Income tax Appellate Tribunal

ITAT:Rejects assessee’s claim of vested right of stay adjournment till appeal hearing

  • In Favour of Both, Partially
  • Citation Number : TS-811-ITAT-2017(Bang)-TP
  • Tax Payer : Puma Sports India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits entire TP-issue considering DRP’s cryptic, non-speaking order

  • In Favour of Both, Partially
  • Citation Number : TS-810-ITAT-2017(Bang)-TP
  • Tax Payer : Thomson Reuters International Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-addition following rule of consistency, rejects functionally different comparables

  • In Favour of Assessee
  • Citation Number : TS-809-ITAT-2017(Mum)-TP
  • Tax Payer : Samsonite South Asia Pvt Ltd
Income tax Appellate Tribunal

ITAT: Sets aside cryptic DRP order; Restores comparable issue for fresh consideration

  • In Favour of Assessee
  • Citation Number : TS-807-ITAT-2017(Bang)-TP
  • Tax Payer : TE Connectivity Global Shared Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Reverses CIT(A) order; Applies 5% interest as ALP for inter-company receivable

  • In Favour of Revenue
  • Citation Number : TS-806-ITAT-2017(Bang)-TP
  • Tax Payer : Izmo Limited
Income tax Appellate Tribunal

ITAT:Upholds TPO’s wide ranging employee-cost filter of 25-65; Distinguishes Mentor-Graphics

  • In Favour of Both, Partially
  • Citation Number : TS-805-ITAT-2017(Bang)-TP
  • Tax Payer : Unisys India Private Limited
Income tax Appellate Tribunal

ITAT: Directs adoption of TNMM; Follows earlier ITAT order in assessee's own case

  • In Favour of Assessee
  • Citation Number : TS-803-ITAT-2017(Bang)-TP
  • Tax Payer : GE BE P Ltd
Income tax Appellate Tribunal

ITAT:Dismisses Revenue's miscellaneous petition filed beyond 6 months of passing of ITAT order

  • In Favour of Both, Partially
  • Citation Number : TS-802-ITAT-2017(Bang)-TP
  • Tax Payer : Brocade Communications Systems P Ltd
Income tax Appellate Tribunal

ITAT:Remits TP issues following earlier year order in assessee's own case

  • In Favour of Both, Partially
  • Citation Number : TS-801-ITAT-2017(Bang)-TP
  • Tax Payer : Wipro GE Healthcare P Ltd
Income tax Appellate Tribunal

ITAT:Quashes cryptic DRP order, restores matter to DRP for fresh consideration

  • In Favour of Assessee
  • Citation Number : TS-800-ITAT-2017(Bang)-TP
  • Tax Payer : Mann and Hummel Filter Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes Infosys, Kals, Tata Elxsi for software developer; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-799-ITAT-2017(DEL)-TP
  • Tax Payer : Mentor Graphics (India) Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 5 comparables relying on ARM Embedded Technologies ruling, denies risk adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-798-ITAT-2017(Bang)-TP
  • Tax Payer : Sykes Enterprises (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects application of turnover filter for excluding 5 comparables, relies on ChrysCapital ruling

  • In Favour of Both, Partially
  • Citation Number : TS-797-ITAT-2017(Bang)-TP
  • Tax Payer : Sharp Software Development India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Broad functional similarity sufficient under TNMM, functions need not be identical

  • In Favour of Both, Partially
  • Citation Number : TS-796-ITAT-2017(Bang)-TP
  • Tax Payer : CAE Simulation Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment in ITeS-segment to apply 15.76% margin agreed under Indo-US MAP

  • In Favour of Assessee
  • Citation Number : TS-795-ITAT-2017(Mum)-TP
  • Tax Payer : JP Morgan Services Pvt Ltd
Income tax Appellate Tribunal

ITAT:Refuses to depart from earlier-order remitting AMP-issue; AMP-intensity adjustment not distinguishing factor

  • In Favour of Assessee
  • Citation Number : TS-794-ITAT-2017(DEL)-TP
  • Tax Payer : Louis Vuitton India Retail Pvt Ltd
Income tax Appellate Tribunal

ITAT:Allows assessee’s miscellaneous petition to replace wrong grounds inadvertently mentioned in original-order

  • In Favour of Assessee
  • Citation Number : TS-793-ITAT-2017(Bang)-TP
  • Tax Payer : Magma Design Automation India Private Limited
Income tax Appellate Tribunal

ITAT: Grants stay considerign 76% demand discharge, prima-facie case on e-Clerx comparable exclusion

  • In Favour of Assessee
  • Citation Number : TS-792-ITAT-2017(HYD)-TP
  • Tax Payer : Quislex Legal Services Private Limited
Income tax Appellate Tribunal

ITAT: Grants further stay noting appeals heard and order awaited

  • In Favour of Assessee
  • Citation Number : TS-791-ITAT-2017(Bang)-TP
  • Tax Payer : The Himlaya Drug Company