Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT:Quashes revision u/s 263; Corporate guarantee not international transaction pre-2012 amendment, follows Siro-Clinpharm

  • In Favour of Assessee
  • Citation Number : TS-609-ITAT-2017(Kol)-TP
  • Tax Payer : EIH Ltd
High Court

HC:Dismisses Revenue’s appeal; Upholds interest income exclusion for computing TP-adjustment following precedent

  • In Favour of Assessee
  • Citation Number : TS-608-HC-2017(BOM)-TP
  • Tax Payer : Credit Lyonnais
Income tax Appellate Tribunal

ITAT: Determines corporate-guarantee fee ALP at 0.5%, follows Videocon Industries ruling

  • In Favour of Both, Partially
  • Citation Number : TS-607-ITAT-2017(Mum)-TP
  • Tax Payer : Mahindra Intertrade Ltd
High Court

HC:Directs ITAT to decide TP-issues without remanding matter for de-novo adjudication

  • In Favour of Assessee
  • Citation Number : TS-606-HC-2017(DEL)-TP
  • Tax Payer : Bechtel India Private Limited
High Court

HC:Modifies order; Frames 4 questions on penalty appeal replacing questions on quantum appeal

  • In Favour of Both, Partially
  • Citation Number : TS-605-HC-2017(BOM)-TP
  • Tax Payer : Deloitte Consulting India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Admits assessee's additional evidence considering change in management; Remands matter

  • In Favour of Assessee
  • Citation Number : TS-604-ITAT-2017(Bang)-TP
  • Tax Payer : Conergy Energy Systems Private Limited
High Court

HC: Allows assessee’s writ; Sets aside AO’s final-assessment passed without draft order

  • In Favour of Assessee
  • Citation Number : TS-603-HC-2017(DEL)-TP
  • Tax Payer : Control Risks India Pvt Ltd
Supreme Court

SC:Admits SLP against Sogo-Shosha company's TP-adjustment deletion; Tags with Li & Fung

  • In Favour of Revenue
  • Citation Number : TS-602-SC-2017-TP
  • Tax Payer : Mitsui and India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adopts 25% RPT-filter over 15%; 25% filter has backing of Sec. 40A(2)(b) & Sec. 92A(2)(a)

  • In Favour of Both, Partially
  • Citation Number : TS-601-ITAT-2017(Bang)-TP
  • Tax Payer : Biesse Manufacturing Company Private Limited
Income tax Appellate Tribunal

ITAT:Quashes assessment framed in non-existent amalgamating company’s name; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-600-ITAT-2017(DEL)-TP
  • Tax Payer : Maruti Suzuki India Ltd
Supreme Court

SC: Dismisses Revenue’s SLP; HC upheld concealment penalty deletion on intra-group services TP-addition

  • In Favour of Assessee
  • Citation Number : TS-599-SC-2017-TP
  • Tax Payer : Mitsui Prime Advanced Composites India Pvt Ltd
Supreme Court

SC: Admits Revenue’s SLP against Bom HC-decision excluding comparable with different FY

  • In Favour of Revenue
  • Citation Number : TS-598-SC-2017-TP
  • Tax Payer : PTC Software India Pvt Ltd
High Court

HC:Reverses ITAT-order remitting ALP-determination for imports considering ITAT’s erroneous understanding of CIT(A)-order

  • In Favour of Assessee
  • Citation Number : TS-597-HC-2017(DEL)-TP
  • Tax Payer : RayBan Sun Optics India Ltd
Income tax Appellate Tribunal

ITAT: Sun Pharma survives 'brutal tax evasion' charge on IPR transfer, escapes PSM

  • In Favour of Assessee
  • Citation Number : TS-596-ITAT-2017(Ahd)-TP
  • Tax Payer : Sun Pharmaceutical Industries Ltd
High Court

HC: Rejects Revenue’s plea against ITAT’s comparable remand; Upholds LIBOR+2% as interest benchmark

  • In Favour of Assessee
  • Citation Number : TS-595-HC-2017(BOM)-TP
  • Tax Payer : VFS Global Services Pvt Ltd
High Court

HC: Modifies ITAT-order granting partial stay; Reduces part payment from 50% to 30%

  • In Favour of Assessee
  • Citation Number : TS-594-HC-2017(KAR)-TP
  • Tax Payer : Google India Pvt Ltd
Supreme Court

SC:Dismisses Revenue’s SLP citing delay; HC allowed taxpayer's cross-examination plea for comparability

  • In Favour of Assessee
  • Citation Number : TS-593-SC-2017-TP
  • Tax Payer : Cashedge India Private Limited
Income tax Appellate Tribunal

ITAT: Includes 2 functionally similar comparables for software-developer; Rejects ad-hoc 1 risk adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-592-ITAT-2017(Bang)-TP
  • Tax Payer : Marvell India Pvt Ltd
Supreme Court

SC: Dismisses Revenue’s SLP against HC-order confirming TP-adjustment deletion on interest on AE-receivable

  • In Favour of Assessee
  • Citation Number : TS-591-SC-2017-TP
  • Tax Payer : Bechtel India Pvt Ltd
High Court

HC:Upholds TP-adjustment deletion allowing aggregation of intra-group services under TNMM; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-590-HC-2017(DEL)-TP
  • Tax Payer : Avery Dennison (India) Pvt Ltd