Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT:Rejects enhancement of assessee's cost base considering FOB value of goods sourced

  • In Favour of Both, Partially
  • Citation Number : TS-650-ITAT-2017(DEL)-TP
  • Tax Payer : Itochu India (P) Ltd
Income tax Appellate Tribunal

ITAT: Upholds TNMM; Applying different methods for inter-connected import & export transactions inappropriate

  • In Favour of Assessee
  • Citation Number : TS-649-ITAT-2017(DEL)-TP
  • Tax Payer : Gates India (P) Ltd
Income tax Appellate Tribunal

ITAT: Excludes FCS Software failing 50% IT-service income filter; Distinguishes Navisite ruling

  • In Favour of Assessee
  • Citation Number : TS-648-ITAT-2017(PUN)-TP
  • Tax Payer : Exfo Electro Optical Engg India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-determination for Nike’s cost sharing arrangement for cricket sponsorship; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-647-ITAT-2017(Bang)-TP
  • Tax Payer : Nike India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Retains 2 comparables satisfying 75% export-revenue filter; Excludes 2 functionally dissimilar comparables

  • In Favour of Assessee
  • Citation Number : TS-646-ITAT-2017(PUN)-TP
  • Tax Payer : Synechron Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remands ‘TCS e-serve'; Assessee to demonstrate applicability of earlier-year grounds for exclusion

  • In Favour of Both, Partially
  • Citation Number : TS-645-ITAT-2017(Bang)-TP
  • Tax Payer : Indegene Pvt Ltd
Income tax Appellate Tribunal

ITAT:Non-availing entire gamut of AE-services cannot be basis for rejecting TP-study

  • In Favour of Assessee
  • Citation Number : TS-644-ITAT-2017(Mum)-TP
  • Tax Payer : Dimension Data India Private Limited
High Court

HC: AO cannot make disallowance in final order beyond draft order variations/ DRP-enhancement

  • In Favour of Assessee
  • Citation Number : TS-643-HC-2017(MAD)-TP
  • Tax Payer : Sanmina SCI India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Draft order passed with demand/penalty notice invalid absent Sec. 144C procedure compliance

  • In Favour of Assessee
  • Citation Number : TS-642-ITAT-2017(PUN)-TP
  • Tax Payer : Rehau Polymers Pvt Ltd
Income tax Appellate Tribunal

ITAT: Includes ‘Kals’, ‘Accel Transmatics’ considering segmental data availability; Distinguishes precedents

  • In Favour of Both, Partially
  • Citation Number : TS-641-ITAT-2017(Bang)-TP
  • Tax Payer : Synopsys (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables for software developer following precedents; Remits working-capital adjustment issue

  • In Favour of Assessee
  • Citation Number : TS-640-ITAT-2017(Bang)-TP
  • Tax Payer : Zynga Game Network India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Not considering Jurisdictional HC-ruling on license-fee deductibility an apparent mistake, allows miscellaneous application

  • In Favour of Assessee
  • Citation Number : TS-639-ITAT-2017(Mum)-TP
  • Tax Payer : Star India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Characterizes operational outsourcing services as low-end ITeS; Refers to Safe Harbour Rules

  • In Favour of Both, Partially
  • Citation Number : TS-638-ITAT-2017(DEL)-TP
  • Tax Payer : IHG IT Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds notional interest adjustment 10.25% on excess credit to AE

  • In Favour of Both, Partially
  • Citation Number : TS-637-ITAT-2017(Bang)-TP
  • Tax Payer : Ingersoll Rand India Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP determination of royalty for re-adjudication under TNMM, follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-636-ITAT-2017(Bang)-TP
  • Tax Payer : Toyota Kirloskar Auto Parts Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds Infosys, Tata Elxsi exclusion for software developer assessee; Follows earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-635-ITAT-2017(Bang)-TP
  • Tax Payer : Rambus Chip Technologies (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits TP-adjustment on foreign bank's branch; CIT(A) not empower to remand matter

  • In Favour of Both, Partially
  • Citation Number : TS-634-ITAT-2017(DEL)-TP
  • Tax Payer : The Bank of Tokyo Mitsubishi UFJ Ltd
Income tax Appellate Tribunal

ITAT: Partially allows assessee’s miscellaneous petition; Recalls Tribunal-order for adjudicating working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-633-ITAT-2017(Bang)-TP
  • Tax Payer : Zyme Solutions P Ltd
Income tax Appellate Tribunal

ITAT: Remits DRP’s cryptic order on comparables selection for software-developer; Keeps RPT-issue open

  • In Favour of Both, Partially
  • Citation Number : TS-632-ITAT-2017(Bang)-TP
  • Tax Payer : Novellus Systems (India) P Ltd
Income tax Appellate Tribunal

ITAT:Deletes penalty u/s 271BA considering assessee’s interpretation of Sec 92A provisions as ‘plausible view’

  • In Favour of Assessee
  • Citation Number : TS-631-ITAT-2017(Mum)-TP
  • Tax Payer : Palm Grove Beach Hotels Pvt Ltd