Rulings ( 11976 results )

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High Court

HC: Upholds ITAT’s exclusion of functionally dissimilar Celestial Labs after giving cogent reasons

  • In Favour of Assessee
  • Citation Number : TS-730-HC-2017(DEL)-TP
  • Tax Payer : Tevapharm India Pvt Ltd
High Court

HC: Miscellaneous Application before ITAT not ‘alternate remedy’ to HC-appeal; Refuses delay condonation

  • In Favour of Revenue
  • Citation Number : TS-729-HC-2017(DEL)-TP
  • Tax Payer : Agnity Technologies pvt ltd
Income tax Appellate Tribunal

ITAT: Restores ALP-determination of intra-group services received by assessee; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-728-ITAT-2017(DEL)-TP
  • Tax Payer : AT & T Global Network Services (India) Pvt Ltd
High Court

HC: Sets aside ITAT's remand; Selection of comparables unconnected with expense allocation issue

  • In Favour of Assessee
  • Citation Number : TS-725-HC-2017(DEL)-TP
  • Tax Payer : Corning SAS-India Branch Office
Income tax Appellate Tribunal

ITAT:Rejects TPO’s CUP-method for intra-group services; Data availability ‘lifeline’ of method adopted

  • In Favour of Both, Partially
  • Citation Number : TS-724-ITAT-2017(DEL)-TP
  • Tax Payer : AT & T Global Network Services (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects TPO's allocation of direct costs on turnover basis; Follows 3D-Network ruling

  • In Favour of Both, Partially
  • Citation Number : TS-723-ITAT-2017(Bang)-TP
  • Tax Payer : Allegis Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: AE’s transaction with European third-parties not CUP considering different market conditions

  • In Favour of Revenue
  • Citation Number : TS-722-ITAT-2017(DEL)-TP
  • Tax Payer : Ecocat India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Raps Revenue for filing frivolous miscellaneous petition leading to wastage of Tribunal’s time

  • In Favour of Assessee
  • Citation Number : TS-721-ITAT-2017(Bang)-TP
  • Tax Payer : Swiss' Re Shared Services (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Dismisses Revenue's appeal; Upholds TNMM over PSM for benchmarking support services

  • In Favour of Both, Partially
  • Citation Number : TS-720-ITAT-2017(DEL)-TP
  • Tax Payer : Target Sourcing Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Grants partial demand stay on TP-adjustment relating to selling expenses exclusion for AMP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-719-ITAT-2017(Bang)-TP
  • Tax Payer : Stanley Black & Decker India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 5 companies as comparable for BPO service provider following earlier year ruling

  • In Favour of Assessee
  • Citation Number : TS-718-ITAT-2017(HYD)-TP
  • Tax Payer : Monster.com
Income tax Appellate Tribunal

ITAT: Forex expenditure irrelevant for comparable exclusion when incurred exclusively for relevant segment

  • In Favour of Both, Partially
  • Citation Number : TS-717-ITAT-2017(Bang)-TP
  • Tax Payer : Arctern Consulting (P) Ltd
Income tax Appellate Tribunal

ITAT: Rejects assessee’s attempt to cherry pick comparables year-on-year according to margin suitability

  • In Favour of Both, Partially
  • Citation Number : TS-716-ITAT-2017(DEL)-TP
  • Tax Payer : Cadence Design Systems (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows pharma company's remand request, AO not CIT(A) to adjudicate issues afresh

  • In Favour of Assessee
  • Citation Number : TS-715-ITAT-2017(Ahd)-TP
  • Tax Payer : Cadila Pharmaceuticals Ltd
Income tax Appellate Tribunal

ITAT: Allows Flowserve's appeal considering resolution of TP-issues under MAP

  • In Favour of Assessee
  • Citation Number : TS-714-ITAT-2017(Bang)-TP
  • Tax Payer : Flowserve India Controls P Ltd
Income tax Appellate Tribunal

ITAT:Dismisses appeal for non-prosecution considering assessee’s disinterest in pursuing appeal

  • In Favour of Revenue
  • Citation Number : TS-713-ITAT-2017(Bang)-TP
  • Tax Payer : Indeca Sporting Goods Pvt Ltd
Income tax Appellate Tribunal

ITAT:Allows Revenue's appeal; CIT(A) to adjudicate TP-issue without remand back to AO/TPO

  • In Favour of Assessee
  • Citation Number : TS-712-ITAT-2017(Bang)-TP
  • Tax Payer : Wipro GE HealthCare Ltd
Income tax Appellate Tribunal

ITAT: Accepts assessee's segregated benchmarking; Bundled approach neither automatic nor mandate of law

  • In Favour of Assessee
  • Citation Number : TS-711-ITAT-2017(Kol)-TP
  • Tax Payer : Landis + Gyr Ltd
Income tax Appellate Tribunal

ITAT:Recalls ITAT-order for adjudicating working capital adjustment; Rejects plea for comparable inclusion

  • In Favour of Both, Partially
  • Citation Number : TS-710-ITAT-2017(Bang)-TP
  • Tax Payer : Obopay Mobile Technology India P Ltd
Income tax Appellate Tribunal

ITAT: No mistake in Tribunal order applying Sec 92C(2) second proviso to AY 2007-08 assessment

  • In Favour of Revenue
  • Citation Number : TS-709-ITAT-2017(Bang)-TP
  • Tax Payer : Insilica Semiconductors India Pvt Ltd