Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s appeal in limine, grounds raised don't emanate from DRP-order

  • In Favour of Assessee
  • Citation Number : TS-569-ITAT-2017(Bang)-TP
  • Tax Payer : Subex Ltd
High Court

HC:Affirms ITAT's adoption of internal-CUP with adjustment for differences while benchmarking brokerage

  • In Favour of Assessee
  • Citation Number : TS-568-HC-2017(BOM)-TP
  • Tax Payer : J P Morgan India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds assessee’s CUP-method for benchmarking commission & CPM for export transaction

  • In Favour of Assessee
  • Citation Number : TS-567-ITAT-2017(PUN)-TP
  • Tax Payer : ThyssenKrupp Electrical Steel India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Final assessment order passed beyond Sec 144C(13) time limit not void; Follows Rain Cements

  • In Favour of Revenue
  • Citation Number : TS-566-ITAT-2017(Bang)-TP
  • Tax Payer : The Himalayan Drug Co
Income tax Appellate Tribunal

ITAT: Upholds intra-group services TP-adjustment; Rejects assessee’s remand request to patch up weak case

  • In Favour of Both, Partially
  • Citation Number : TS-565-ITAT-2017(Bang)-TP
  • Tax Payer : Safran Engineering Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects comparable retraction after 7-years; Mere amalgamation no reason to reject comparable

  • In Favour of Assessee
  • Citation Number : TS-564-ITAT-2017(DEL)-TP
  • Tax Payer : Evalueserve SEZ (Gurgaon) Private Ltd
Income tax Appellate Tribunal

ITAT:Dismisses Toyota Kirloskar’s appeal as TP-issues resolved under MAP

  • In Favour of Assessee
  • Citation Number : TS-563-ITAT-2017(Bang)-TP
  • Tax Payer : Toyota Kirloskar Auto Parts Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables selection for software development and ITeS segments; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-562-ITAT-2017(Bang)-TP
  • Tax Payer : Mphasis Ltd
Income tax Appellate Tribunal

ITAT:Grants conditional stay considering assessee’s arguable case on transaction segregation vs. aggregation approach

  • In Favour of Assessee
  • Citation Number : TS-561-ITAT-2017(DEL)-TP
  • Tax Payer : RTA Alesa AG
Income tax Appellate Tribunal

ITAT:Upholds CIT(A) order quashing final assessment without passing draft- order; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-560-ITAT-2017(PUN)-TP
  • Tax Payer : Fiat India Automobiles Limited
High Court

HC: Dismisses Revenue’s appeal against ITAT order directing consideration of 5 variation benefit

  • In Favour of Assessee
  • Citation Number : TS-559-HC-2017(BOM)-TP
  • Tax Payer : DHL Danzas Lemuir Pvt Ltd
High Court

HC: Upholds Tribunal’s power to extend stay beyond 365-days in 'deserving' cases, follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-558-HC-2017(DEL)-TP
  • Tax Payer : Pepsi Foods Pvt Ltd
High Court

HC: Assessee & its supplier having partners from same family not AEs, follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-557-HC-2017(GUJ)-TP
  • Tax Payer : Veer Gems
Supreme Court

SC: Admits Revenue’s SLP in Bose Corporation case on AMP-adjustment issue

  • In Favour of Revenue
  • Citation Number : TS-556-SC-2017-TP
  • Tax Payer : Bose Corporation India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s miscellaneous-petition; Directs evaluation of specifically omitted comparables for benchmarking ITeS

  • In Favour of Assessee
  • Citation Number : TS-552-ITAT-2017(Bang)-TP
  • Tax Payer : Hewlett-Packard (India) Globalsoft P Ltd
Income tax Appellate Tribunal

ITAT: Rejects assessee's characterization as high-end service provider; Highlights paramount importance of FAR analysis

  • In Favour of Assessee
  • Citation Number : TS-551-ITAT-2017(DEL)-TP
  • Tax Payer : American Express (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment noting transaction's ALP accepted in AE's hands, follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-550-ITAT-2017(Bang)-TP
  • Tax Payer : UE Development India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants stay extension as assessee duly fulfilled Rs 2cr payment condition under earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-549-ITAT-2017(Bang)-TP
  • Tax Payer : Epson India Private Limited
Income tax Appellate Tribunal

ITAT: Remits TP-issues for software development & ITeS segments absent proper findings by TPO

  • In Favour of Assessee
  • Citation Number : TS-548-ITAT-2017(Bang)-TP
  • Tax Payer : First Advantage Global Operating Center Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects Nil ALP-determination; TPO to pass a speaking order after examining assessee's evidence

  • In Favour of Assessee
  • Citation Number : TS-547-ITAT-2017(Bang)-TP
  • Tax Payer : Fosroc Chemicals India Pvt Ltd