Rulings ( 11976 results )

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Supreme Court

SC: Admits Revenue’s SLP against HC-order upholding ITAT’s order on comparables selection

  • In Favour of Assessee
  • Citation Number : TS-630-SC-2017-TP
  • Tax Payer : PTC Software India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparable with huge fluctuations in bad debts write off, forward-contract balances

  • In Favour of Both, Partially
  • Citation Number : TS-629-ITAT-2017(Bang)-TP
  • Tax Payer : Capital One Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Restores corporate guarantee and ITeS TP-issues to TPO/AO, follows earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-628-ITAT-2017(COCH)-TP
  • Tax Payer : Apollo Tyres Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s appeal against cryptic CIT(A)-order on comparables; Remands matter to CIT(A)

  • In Favour of Assessee
  • Citation Number : TS-627-ITAT-2017(Bang)-TP
  • Tax Payer : 24/7 Customer.com P. Ltd
High Court

HC: Holds AO's order illegal and non-curable sans Sec.144C procedural compliance; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-626-HC-2017(GUJ)-TP
  • Tax Payer : C-Sam (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Obligates assessee to demonstrate artificial expenses allocation in manufacturing segment not self-serving exercise

  • In Favour of Assessee
  • Citation Number : TS-625-ITAT-2017(PUN)-TP
  • Tax Payer : Fresenius Kabi India Private Limited
Income tax Appellate Tribunal

ITAT:Directs aggregation of outstanding AE-receivables with main service rendition transaction; Follows earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-624-ITAT-2017(Bang)-TP
  • Tax Payer : Lotus Labs Pvt Ltd
Income tax Appellate Tribunal

ITAT: Affirms DRP’s order lifting working-capital cap considering rationale of time-value of money

  • In Favour of Assessee
  • Citation Number : TS-622-ITAT-2017(Bang)-TP
  • Tax Payer : Synchrony International Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adopts asset purchase ALP based on penultimate acquisition transaction value over WDV

  • In Favour of Both, Partially
  • Citation Number : TS-621-ITAT-2017(CHNY)-TP
  • Tax Payer : Interpump Hydraulics Pvt Ltd
Supreme Court

SC:Admits Revenue’s SLP against HC-order upholding Infosys-BPO & Eclerx exclusion for KPO-assessee

  • In Favour of Revenue
  • Citation Number : TS-619-SC-2017-TP
  • Tax Payer : Actis Global Services Pvt Ltd
Income tax Appellate Tribunal

ITAT:Confirms AMP-adjustment deletion but upholds TP-adjustment for marketing support services; Follows earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-618-ITAT-2017(DEL)-TP
  • Tax Payer : Pernod Ricard India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Admits additional ground seeking 4 comparables exclusion for functional dissimilarity; Remits issue

  • In Favour of Assessee
  • Citation Number : TS-617-ITAT-2017(Bang)-TP
  • Tax Payer : Fortinet Innovation Centre India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Adopts CUP for networking services considering AE’s receipt of similar services earlier

  • In Favour of Revenue
  • Citation Number : TS-616-ITAT-2017(Bang)-TP
  • Tax Payer : Cable & Wireless Networks India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses appeal absent representation from assessee; Refuses to decide case on merits

  • In Favour of Revenue
  • Citation Number : TS-615-ITAT-2017(Bang)-TP
  • Tax Payer : MModal Global Services Private Limited
Income tax Appellate Tribunal

ITAT: Directs 25% RPT-filter application to include more functionally similar comparables; Follows SunGard ruling

  • In Favour of Assessee
  • Citation Number : TS-614-ITAT-2017(Bang)-TP
  • Tax Payer : ACI Worldwide Solutions P Ltd
High Court

HC: Dismisses Revenue’s appeal on AMP-issue, follows co-ordinate bench order which allowed assessee's appeal

  • In Favour of Assessee
  • Citation Number : TS-613-HC-2017(DEL)-TP
  • Tax Payer : Valvoline Cummins Ltd
High Court

HC: Upholds ITAT’s comparables selection in software development / ITeS segments, follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-612-HC-2017(DEL)-TP
  • Tax Payer : Avaya India Pvt Ltd
Foreign Court

FC: US Tax Court holds cancellation of APAs by IRS as abuse of discretion

  • In Favour of Assessee
  • Citation Number : TS-1142-FC-2017(USA)-TP
  • Tax Payer : Eaton Corporation & Subsidiaries
Supreme Court

SC:Admits Revenue’s SLP against HC-order upholding ITAT’s stay extension grant beyond 365-days

  • In Favour of Revenue
  • Citation Number : TS-611-SC-2017-TP
  • Tax Payer : Carrier Air Conditioning and Refrigeration Ltd
High Court

HC: ITAT’s remand on AMP issue without existence of international transaction not justified

  • In Favour of Assessee
  • Citation Number : TS-610-HC-2017(DEL)-TP
  • Tax Payer : Valvoline Cummins Private Ltd