Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT: 90 purchases threshold for AE-constitution u/s 92A(2)(h) entity specific; Aggregation not permissible

  • In Favour of Assessee
  • Citation Number : TS-689-ITAT-2017(Mum)-TP
  • Tax Payer : Elder Exim Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds turnover based expenses allocation between trading & manufacturing activity; Excludes direct expenses

  • In Favour of Assessee
  • Citation Number : TS-688-ITAT-2017(DEL)-TP
  • Tax Payer : Silver Oak Laboratories Pvt Ltd
Supreme Court

SC:Admits Revenue’s SLP on AMP-issue in outbound travel business segment

  • In Favour of Revenue
  • Citation Number : TS-687-SC-2017-TP
  • Tax Payer : Le Passage To India Tour & Travels P Ltd
Income tax Appellate Tribunal

ITAT: Explains Sony ruling; AMP & distribution separate transactions despite aggregation for benchmarking

  • In Favour of Both, Partially
  • Citation Number : TS-686-ITAT-2017(DEL)-TP
  • Tax Payer : Toshiba India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 5 comparables relying on ITAT-decision in resulting company's case post demerger

  • In Favour of Assessee
  • Citation Number : TS-685-ITAT-2017(Mum)-TP
  • Tax Payer : Hinduja Ventures Limited
High Court

HC: Quashes ITAT-order restoring AMP-issue to AO/TPO; Directs ITAT to decide issue itself

  • In Favour of Assessee
  • Citation Number : TS-684-HC-2017(DEL)-TP
  • Tax Payer : Haier Appliances (India) P Ltd
Income tax Appellate Tribunal

ITAT: AO to verify whether assessee's PLI exceeds APA agreed PLI for rollback year

  • In Favour of Revenue
  • Citation Number : TS-683-ITAT-2017(Kol)-TP
  • Tax Payer : DIC Fine Chemicals Pvt Ltd
Income tax Appellate Tribunal

ITAT: Confirms KPO companies’ exclusion for ITeS-provider; Allows working-capital adjustment basis credit period

  • In Favour of Both, Partially
  • Citation Number : TS-682-ITAT-2017(HYD)-TP
  • Tax Payer : Infor (India) Private Limited
Income tax Appellate Tribunal

ITAT: Includes E-Zest as comparable for software developer; Distinguishes precedents pertaining to different-AY

  • In Favour of Both, Partially
  • Citation Number : TS-681-ITAT-2017(HYD)-TP
  • Tax Payer : Conexant Systems Private Limited
Income tax Appellate Tribunal

ITAT: Restores application of RPT, turnover and high-profit filters to CIT(A); Follows Chryscapital ratio

  • In Favour of Both, Partially
  • Citation Number : TS-680-ITAT-2017(Bang)-TP
  • Tax Payer : AT & T Global Business Bangalore Services India (P) Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment towards 5 mark-up on travel/visa processing charges reimbursement

  • In Favour of Both, Partially
  • Citation Number : TS-679-ITAT-2017(HYD)-TP
  • Tax Payer : Avineon India P Ltd
Income tax Appellate Tribunal

ITAT:Restores entire TP-issue for fresh consideration, directs application of Chryscapital HC ratio

  • In Favour of Both, Partially
  • Citation Number : TS-678-ITAT-2017(Bang)-TP
  • Tax Payer : Synopsys India Pvt Ltd
High Court

HC:Confirms ITAT order deleting concealment penalty u/s 271(1)(c); Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-677-HC-2017(DEL)-TP
  • Tax Payer : GAP International Sourcing (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows appeal against TP-adjustment for ITeS provider, follows earlier year order

  • In Favour of Assessee
  • Citation Number : TS-676-ITAT-2017(Mum)-TP
  • Tax Payer : Hapag-Llyod Global Services Private Limited
Income tax Appellate Tribunal

ITAT: Characterizes assessee as EPC-contractor, rejects assessee's segregated benchmarking for equipment supply & services

  • In Favour of Assessee
  • Citation Number : TS-675-ITAT-2017(DEL)-TP
  • Tax Payer : RTA Alesa AG
Income tax Appellate Tribunal

ITAT:Quashes revision u/s 263; November Return not belated as AE-reimbursement is international transaction

  • In Favour of Assessee
  • Citation Number : TS-674-ITAT-2017(Kol)-TP
  • Tax Payer : Bangla Entertainment Private Limited
Income tax Appellate Tribunal

ITAT: Rejects switch to TNMM, following earlier ITAT-orders; Considers direct marketing comparables only

  • In Favour of Both, Partially
  • Citation Number : TS-673-ITAT-2017(DEL)-TP
  • Tax Payer : Oriflame India Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal, on delay & merits, against ITAT’s comparables exclusion for ITeS-provider

  • In Favour of Assessee
  • Citation Number : TS-672-HC-2017(DEL)-TP
  • Tax Payer : New River Software Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Mere judicial precedent not enough for comparable exclusion, matching functional profile necessary

  • In Favour of Both, Partially
  • Citation Number : TS-671-ITAT-2017(DEL)-TP
  • Tax Payer : Aircom International (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes Sec 271G-penalty, information submission during assessment shows compliance with Sec 92D(3) requirements

  • In Favour of Both, Partially
  • Citation Number : TS-670-ITAT-2017(HYD)-TP
  • Tax Payer : Karvy Computershare Pvt Ltd