Rulings ( 11976 results )

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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-589-HC-2017(DEL)-TP
  • Tax Payer : Avery Dennison (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Refuses to entertain assessee’s contention regarding working capital computation, not pleaded before

  • In Favour of Assessee
  • Citation Number : TS-588-ITAT-2017(Bang)-TP
  • Tax Payer : Flextronics Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-determination for contract manufacturing segment; Remands comparables selection for software segment

  • In Favour of Both, Partially
  • Citation Number : TS-587-ITAT-2017(Bang)-TP
  • Tax Payer : GE Medicals Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits AMP-adjustment in second round absent evidence for determining international transaction existence

  • In Favour of Both, Partially
  • Citation Number : TS-586-ITAT-2017(DEL)-TP
  • Tax Payer : Casio India Company Pvt Ltd
High Court

HC: Upholds exclusion of 6 functionally dissimilar comparables in contract software development segment

  • In Favour of Assessee
  • Citation Number : TS-585-HC-2017(DEL)-TP
  • Tax Payer : ALcatel Lucent India Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-issue for fresh adjudication for assessee providing software design/ development services

  • In Favour of Both, Partially
  • Citation Number : TS-584-ITAT-2017(Bang)-TP
  • Tax Payer : iPass India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Assessee's ITeS technical in nature, not BPO; Considers Eclerx Services as comparable

  • In Favour of Both, Partially
  • Citation Number : TS-583-ITAT-2017(Bang)-TP
  • Tax Payer : AOL Online India P Ltd
Income tax Appellate Tribunal

ITAT: Restores DRP’s cryptic and stereotype order for fresh adjudication of TP-issue

  • In Favour of Assessee
  • Citation Number : TS-582-ITAT-2017(Bang)-TP
  • Tax Payer : Symphony Marketing Solutions India P Ltd
Income tax Appellate Tribunal

ITAT: Free fund availability irrelevant for TP-adjustment towards extended credit period to AE

  • In Favour of Both, Partially
  • Citation Number : TS-581-ITAT-2017(Bang)-TP
  • Tax Payer : Msource (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Location savings relevant for investigating transaction, cannot be sole basis for ALP-determination

  • In Favour of Assessee
  • Citation Number : TS-580-ITAT-2017(Bang)-TP
  • Tax Payer : Parexel International Clinical Research Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits corporate guarantee TP-adjustment pending Special-Bench decision whether it constitutes ‘international transaction’

  • In Favour of Revenue
  • Citation Number : TS-579-ITAT-2017(DEL)-TP
  • Tax Payer : New Delhi Television Ltd
Income tax Appellate Tribunal

ITAT: Grants stay extension beyond 365 days; Follows Pepsi Foods, distinguishes Ecom ruling

  • In Favour of Assessee
  • Citation Number : TS-578-ITAT-2017(Bang)-TP
  • Tax Payer : Vodafone Mobile Services Ltd
Income tax Appellate Tribunal

ITAT: Bad debt provision non-operating expenditure; Excludes 4 comparables for ITeS provider

  • In Favour of Both, Partially
  • Citation Number : TS-577-ITAT-2017(Bang)-TP
  • Tax Payer : Business Process Outsourcing (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits 8 comparables; Directs TPO to verify whether high/low turnover affects price

  • In Favour of Both, Partially
  • Citation Number : TS-576-ITAT-2017(Bang)-TP
  • Tax Payer : Cenduit India Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits comparables selection for application of employee cost & turnover filters

  • In Favour of Both, Partially
  • Citation Number : TS-575-ITAT-2017(Bang)-TP
  • Tax Payer : Dell International Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Credit period for AE-receivables closely linked to services transaction; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-574-ITAT-2017(Bang)-TP
  • Tax Payer : Lotus Labs Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables in R&D segment; Directs TPO to find good comparables

  • In Favour of Assessee
  • Citation Number : TS-573-ITAT-2017(Bang)-TP
  • Tax Payer : FMC India Private Limited
Income tax Appellate Tribunal

ITAT: Directs entity-TNMM application after aggregating management fees with other international transactions

  • In Favour of Both, Partially
  • Citation Number : TS-572-ITAT-2017(Bang)-TP
  • Tax Payer : Fosroc Chemicals India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 10 comparables following Commscope & Applied Materials rulings

  • In Favour of Both, Partially
  • Citation Number : TS-571-ITAT-2017(Bang)-TP
  • Tax Payer : LSI India Research Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 9 comparables for software developer, rejects inclusion of 2 comparables; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-570-ITAT-2017(Bang)-TP
  • Tax Payer : CSR India P Ltd