Rulings ( 11976 results )

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Supreme Court

SC: Admits appeal against ITAT’s stay extension grant beyond 365-days; Tags appeal with Carrier-Air

  • In Favour of Revenue
  • Citation Number : TS-790-SC-2017-TP
  • Tax Payer : Teradata India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remands matter directing DRP to pass order in amalgamated company's name

  • In Favour of Both, Partially
  • Citation Number : TS-788-ITAT-2017(Bang)-TP
  • Tax Payer : Corio India Infotech Services P Ltd
Income tax Appellate Tribunal

ITAT: Dismisses appeal on TP-grounds citing tax effect less than Rs. 10 lakhs

  • In Favour of Assessee
  • Citation Number : TS-787-ITAT-2017(Mum)-TP
  • Tax Payer : Glenmark Generics Ltd
Income tax Appellate Tribunal

ITAT:Dismisses assessee's miscellaneous petition absent specific ground on inclusion/exclusion of comparables

  • In Favour of Revenue
  • Citation Number : TS-786-ITAT-2017(Bang)-TP
  • Tax Payer : Symbol Technologies India P Ltd
Income tax Appellate Tribunal

ITAT: Dismisses appeals as withdrawn considering MAP resolution of TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-785-ITAT-2017(Bang)-TP
  • Tax Payer : British Engines (India) P Ltd
Income tax Appellate Tribunal

ITAT: RPT not water tight compartment; Includes comparable although RPT just crossed threshold

  • In Favour of Both, Partially
  • Citation Number : TS-784-ITAT-2017(Bang)-TP
  • Tax Payer : Mindteck (India) Ltd
Income tax Appellate Tribunal

ITAT: Restores examination of turnover, RPT filters after applying Chryscapital, ACI-Worldwide rulings ratio

  • In Favour of Both, Partially
  • Citation Number : TS-783-ITAT-2017(Bang)-TP
  • Tax Payer : Robert Bosch Engineering and Business Solutions Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment for expense reimbursement; Keeps issue open for Franchise Fees reimbursement

  • In Favour of Both, Partially
  • Citation Number : TS-782-ITAT-2017(Mum)-TP
  • Tax Payer : Royal Canin India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on delayed AE-receivables; Follows Bechtel, Kusum Healthcare HC-rulings

  • In Favour of Assessee
  • Citation Number : TS-781-ITAT-2017(DEL)-TP
  • Tax Payer : Kadimi Tool Manufacturing Co Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal against ITAT-order holding assessee's export-commission payment at ALP

  • In Favour of Assessee
  • Citation Number : TS-780-HC-2017(DEL)-TP
  • Tax Payer : Paxar India Private Limited
Income tax Appellate Tribunal

ITAT: Rejects adjustment on standalone comparable basis; TPO to seek comparable information u/s 133

  • In Favour of Both, Partially
  • Citation Number : TS-779-ITAT-2017(DEL)-TP
  • Tax Payer : Nissin Brake India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes Wipro Technologies on grounds of RPT, turnover and brand value; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-778-ITAT-2017(DEL)-TP
  • Tax Payer : Agnity India Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds assessee’s 2% interest rate on AE-loan at ALP being more than LIBOR

  • In Favour of Assessee
  • Citation Number : TS-777-ITAT-2017(VIZ)-TP
  • Tax Payer : CCL Products (India) Limited
High Court

HC: Dismisses Revenue’s appeal challenging ITAT-order on comparable selection for data processing company

  • In Favour of Assessee
  • Citation Number : TS-776-HC-2017(DEL)-TP
  • Tax Payer : OKS Span Tech Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-addition on intra-group services and redeemable preference shares; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-775-ITAT-2017(DEL)-TP
  • Tax Payer : Cairn India Ltd
Income tax Appellate Tribunal

ITAT: Rejects assessee's CUP method based on ‘proposed price’ for imports, upholds TNMM

  • In Favour of Both, Partially
  • Citation Number : TS-774-ITAT-2017(PUN)-TP
  • Tax Payer : Yazaki India Limited
Income tax Appellate Tribunal

ITAT:Upholds assessment quoting PAN of amalgamating company, rejects assessee’s non-existing company plea

  • In Favour of Revenue
  • Citation Number : TS-773-ITAT-2017(HYD)-TP
  • Tax Payer : B.A. Continuum India Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparable-selection for investment advisor; Applies LIBOR to compute interest on delayed AE-receivables

  • In Favour of Assessee
  • Citation Number : TS-772-ITAT-2017(DEL)-TP
  • Tax Payer : ChrysCapital Investment Advisors (India) Private Limited
High Court

HC: ITAT’s remand to AO unwarranted when relevant facts on TP-issue available on record

  • In Favour of Assessee
  • Citation Number : TS-771-HC-2017(DEL)-TP
  • Tax Payer : Voith Hydro Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 'FCS Software' for software developer citing functional dissimilarity, absence of segmental details

  • In Favour of Assessee
  • Citation Number : TS-770-ITAT-2017(PUN)-TP
  • Tax Payer : Barclays Technology Centre India Pvt Ltd