Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT:Rectification application can’t stand in way of consequential order in set-aside proceedings

  • In Favour of Assessee
  • Citation Number : TS-708-ITAT-2017(Bang)-TP
  • Tax Payer : AstraZeneca Pharma India Ltd
Supreme Court

SC: Allows Revenue to withdraw SLP against Bom HC-orders on comparable issue

  • In Favour of Revenue
  • Citation Number : TS-707-SC-2017-TP
  • Tax Payer : PTC Software India Pvt Ltd
High Court

HC: Passing draft order u/s144C(1) mandatory even for remand cases; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-706-HC-2017(DEL)-TP
  • Tax Payer : JCB India Ltd
Income tax Appellate Tribunal

ITAT:Remits capacity adjustment for assessee in first-year of operation; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-705-ITAT-2017(DEL)-TP
  • Tax Payer : Hitachi High-Technologies (Singapore) Pte Ltd-India BO
Income tax Appellate Tribunal

ITAT:Mere loss not ground for excluding functionally similar companies; Excludes 2 comparables

  • In Favour of Both, Partially
  • Citation Number : TS-1103-ITAT-2016(DEL)-TP
  • Tax Payer : Sojitz India Pvt Ltd
High Court

HC:Dismisses Revenue's appeal; Casually urged ground of perversity without proper pleading, untenable

  • In Favour of Assessee
  • Citation Number : TS-704-HC-2017(DEL)-TP
  • Tax Payer : Sojitz India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment following Cryscapital ruling; Notes comparable exclusion based on size, turnover

  • In Favour of Both, Partially
  • Citation Number : TS-703-ITAT-2017(Bang)-TP
  • Tax Payer : ARM Embedded Technologies P Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparable selection for software development, marketing support services; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-702-ITAT-2017(Bang)-TP
  • Tax Payer : AMD India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes E-infochips, Acropetal for software developer; Allows working capital adjustment on actuals

  • In Favour of Both, Partially
  • Citation Number : TS-701-ITAT-2017(Bang)-TP
  • Tax Payer : Microsoft Research Lab India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs AO/TPO to follow DRP-order to exclude FBT while computing assessee’s operating-margin

  • In Favour of Assessee
  • Citation Number : TS-700-ITAT-2017(DEL)-TP
  • Tax Payer : McKinsey Knowledge Centre India Private Limited
Income tax Appellate Tribunal

ITAT:Deletes AMP-adjustment for manufacturer & marketer of alcoholic brands; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-699-ITAT-2017(Mum)-TP
  • Tax Payer : Diageo India Private Limited
Supreme Court

SC: Admits Revenue’s SLP against Bombay HC-order upholding deletion of guarantee fee adjustment

  • In Favour of Revenue
  • Citation Number : TS-698-SC-2017-TP
  • Tax Payer : Glenmark Pharmaceuticals Ltd
High Court

HC:Admits appeal on whether trade receivable constitutes international transaction u/s 92B

  • In Favour of Assessee
  • Citation Number : TS-697-HC-2017(DEL)-TP
  • Tax Payer : Target Sourcing Services India Pvt Ltd
High Court

HC: Refuses to interfere with ITAT's Forex fluctuation treatment considering 'sharp depreciation' of INR

  • In Favour of Assessee
  • Citation Number : TS-696-HC-2017(DEL)-TP
  • Tax Payer : Schneider Electric India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Sets aside TP-issue to give effect to Rs 65.58cr relief under Indo-US MAP-order

  • In Favour of Assessee
  • Citation Number : TS-695-ITAT-2017(DEL)-TP
  • Tax Payer : Convergys India Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables for ITeS-provider; Includes comparable with different FY

  • In Favour of Both, Partially
  • Citation Number : TS-694-ITAT-2017(DEL)-TP
  • Tax Payer : Baxter India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment towards difference between employee perquisite on RSUs & reimbursement to AE

  • In Favour of Both, Partially
  • Citation Number : TS-693-ITAT-2017(Bang)-TP
  • Tax Payer : Och-Ziff Real Estate India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Modifies original ITAT-order to include ‘RS Software’ & ‘Mindtree’ absent assessee’s objection

  • In Favour of Revenue
  • Citation Number : TS-692-ITAT-2017(Bang)-TP
  • Tax Payer : Arcot R & D Software Pvt Ltd
Supreme Court

SC:Admits Revenue’s appeal against Delhi-HC order quashing Sec 153A proceedings absent incriminating material

  • In Favour of Revenue
  • Citation Number : TS-691-SC-2017-TP
  • Tax Payer : Baba Global Ltd
High Court

HC:Confirms quashing on assessment making Rs. 69 Cr TP-addition on non-existent entity post amalgamation

  • In Favour of Assessee
  • Citation Number : TS-690-HC-2017(DEL)-TP
  • Tax Payer : Maruti Suzuki Ltd