Rulings ( 11976 results )

Filters
High Court

HC: Upholds ITAT’s refusal to adopt earlier year’s comparables without proper analysis

  • In Favour of Assessee
  • Citation Number : TS-669-HC-2017(DEL)-TP
  • Tax Payer : Interra Infotech (India) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Admits additional ground on tested-party selection despite complete details not on record

  • In Favour of Assessee
  • Citation Number : TS-668-ITAT-2017(Mum)-TP
  • Tax Payer : Nivea India Private Ltd
Foreign Court

FC: Canadian Federal Court rejects Revenue's oral-interview request of company personnel during TP-audit

  • In Favour of Assessee
  • Citation Number : TS-1144-FC-2017(CAN)-TP
  • Tax Payer : Cameco Corporation
Income tax Appellate Tribunal

ITAT: DRP empowered to make TP-adjustment not proposed by AO/TPO; Sec 263 remedy unnecessary

  • In Favour of Both, Partially
  • Citation Number : TS-667-ITAT-2017(DEL)-TP
  • Tax Payer : Bausch & Lomb India Pvt Ltd
High Court

HC:Sets aside pre-Circular 3/2016 TPO-reference; Hearing opportunity, speaking order on jurisdiction fact, must

  • In Favour of Both, Partially
  • Citation Number : TS-666-HC-2017(CAL)-TP
  • Tax Payer : PCM Strescon Overseas Ventures Ltd
Income tax Appellate Tribunal

ITAT: Adjudication of TP-issues not necessary in view of resolution under MAP

  • In Favour of Assessee
  • Citation Number : TS-665-ITAT-2017(Bang)-TP
  • Tax Payer : Flowserve India Controls P Ltd
Income tax Appellate Tribunal

ITAT:Restores addition regarding AE credit notes for fresh consideration

  • In Favour of Assessee
  • Citation Number : TS-664-ITAT-2017(Mum)-TP
  • Tax Payer : Reach Network India Private Ltd
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s cross-objections on issues not forming part of CIT(A)-order

  • In Favour of Both, Partially
  • Citation Number : TS-663-ITAT-2017(Bang)-TP
  • Tax Payer : Oracle Solutions Services (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: 25% RPT-filter applicable where less than 6 comparables selected, follows ‘ACI Worldwide’ ruling

  • In Favour of Both, Partially
  • Citation Number : TS-662-ITAT-2017(Bang)-TP
  • Tax Payer : Radisys India P. Ltd
Income tax Appellate Tribunal

ITAT: TPO cannot switch from RPM to TNMM, comparability indispensable even under TNMM

  • In Favour of Both, Partially
  • Citation Number : TS-661-ITAT-2017(DEL)-TP
  • Tax Payer : Akzo Nobel Car Refinishes India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Restores ALP computation noting difference in turnover reported in additional ground & TP-study

  • In Favour of Assessee
  • Citation Number : TS-660-ITAT-2017(HYD)-TP
  • Tax Payer : Gameloft Software Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables for software development, sales/marketing support segments; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-659-ITAT-2017(Bang)-TP
  • Tax Payer : Electronic Imaging India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes interest addition on compulsorily convertible debentures; Follows earlier year order

  • In Favour of Assessee
  • Citation Number : TS-658-ITAT-2017(DEL)-TP
  • Tax Payer : Brahma Center Development Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants conditional stay; Directs payment of 25% outstanding demand in two installments

  • In Favour of Assessee
  • Citation Number : TS-657-ITAT-2017(Bang)-TP
  • Tax Payer : Himalaya Drug Company
Income tax Appellate Tribunal

ITAT: Appeal disposal delay not attributable to assessee; Extends stay beyond 365 days

  • In Favour of Assessee
  • Citation Number : TS-656-ITAT-2017(Bang)-TP
  • Tax Payer : The Himalaya Drug Company
Income tax Appellate Tribunal

ITAT: Allows assessee's appeal against adjustment on AE-receivable applying Kusum Health Care ratio

  • In Favour of Both, Partially
  • Citation Number : TS-655-ITAT-2017(DEL)-TP
  • Tax Payer : Teradata India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Assessee to justify different margin on non-US transaction considering 24 margin under US-MAP

  • In Favour of Both, Partially
  • Citation Number : TS-654-ITAT-2017(Bang)-TP
  • Tax Payer : Global e-Business Operations Pvt Ltd
Income tax Appellate Tribunal

ITAT:Dismisses assessee’s stay petition as ‘not pressed’ considering upcoming appeal hearing

  • In Favour of Assessee
  • Citation Number : TS-653-ITAT-2017(Bang)-TP
  • Tax Payer : Geodesic Yongnam Structurals Pvt Ltd
Income tax Appellate Tribunal

ITAT:Excludes Infosys, Tata Elxsi and Persistent Systems while benchmarking assessee’s software-development services

  • In Favour of Both, Partially
  • Citation Number : TS-652-ITAT-2017(Bang)-TP
  • Tax Payer : NMS Communications Pvt Ltd
Income tax Appellate Tribunal

ITAT:Forex gains on AE-receivable operating income; Refuses reliance on Safe Harbour Rules definition

  • In Favour of Both, Partially
  • Citation Number : TS-651-ITAT-2017(DEL)-TP
  • Tax Payer : Virginia Transformer India P Ltd