Rulings ( 11976 results )

Filters
Income tax Appellate Tribunal

ITAT: Restores TP-issues in view of DRP's cryptic order for AYs 2007-08 and 2008-09

  • In Favour of Assessee
  • Citation Number : TS-546-ITAT-2017(Bang)-TP
  • Tax Payer : Target Corporation Ltd
High Court

HC:Upholds ITAT, no AE-relationship between family controlled entities absent Sec. 92A(2) conditions fulfillment

  • In Favour of Both, Partially
  • Citation Number : TS-545-HC-2017(GUJ)-TP
  • Tax Payer : Veer Gems
Income tax Appellate Tribunal

ITAT: Excludes 2 comparables for marketing support service, cites non-satisfaction of 75% commission income filter

  • In Favour of Both, Partially
  • Citation Number : TS-544-ITAT-2017(Bang)-TP
  • Tax Payer : Texas Instruments (India) Private Limited
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s appeal challenging AO’s-order passed without effecting DRP-directions; Follows Lenovo ruling

  • In Favour of Both, Partially
  • Citation Number : TS-543-ITAT-2017(Bang)-TP
  • Tax Payer : Coriant Communication India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Sets aside CIT(A) order applying 0% RPT filter, directs adoption of 15% threshold

  • In Favour of Both, Partially
  • Citation Number : TS-542-ITAT-2017(Bang)-TP
  • Tax Payer : Thought Works Technologies (I) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects TNMM to corroborate benchmarking when merchanting transactions already accepted under CUP-method

  • In Favour of Revenue
  • Citation Number : TS-541-ITAT-2017(PUN)-TP
  • Tax Payer : Cargill Foods India Limited
Income tax Appellate Tribunal

ITAT: Rejects grounds not raised before lower authorities absent filing of additional grounds

  • In Favour of Revenue
  • Citation Number : TS-540-ITAT-2017(Bang)-TP
  • Tax Payer : Curam Software International Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects foreign-AE as tested party following Kshema Technologies ruling; Remits TP-issue

  • In Favour of Both, Partially
  • Citation Number : TS-539-ITAT-2017(Bang)-TP
  • Tax Payer : Mphasis Limited
Income tax Appellate Tribunal

ITAT: Allows assessee’s miscellaneous petition absent Tribunal’s consideration of certain additional grounds

  • In Favour of Assessee
  • Citation Number : TS-538-ITAT-2017(Bang)-TP
  • Tax Payer : Molex India Tooling Pvt Ltd
Income tax Appellate Tribunal

ITAT:Dismisses Revenue’s appeals, holds forex gains/losses as operating in nature

  • In Favour of Assessee
  • Citation Number : TS-537-ITAT-2017(Bang)-TP
  • Tax Payer : Sanyo BPL P Ltd
Income tax Appellate Tribunal

ITAT:Grants further extension of stay as ITAT order is awaited

  • In Favour of Assessee
  • Citation Number : TS-536-ITAT-2017(Bang)-TP
  • Tax Payer : Manipal Global Education Services Private Limited
Income tax Appellate Tribunal

ITAT: Remits comparable selection to TPO/AO for applying 10-times turnover/15%-RPT filters

  • In Favour of Assessee
  • Citation Number : TS-535-ITAT-2017(Bang)-TP
  • Tax Payer : Microchip Technology (India) Pvt Ltd
High Court

HC:Upholds TP-adjustment deletion on foreign currency AE-loans considering Tribunal’s 'plausible' view

  • In Favour of Assessee
  • Citation Number : TS-534-HC-2017(BOM)-TP
  • Tax Payer : The Great Eastern Shipping Co Ltd
Income tax Appellate Tribunal

ITAT: Rejects reliance on precedents involving different AYs; Excludes 5 comparables applying turnover filter

  • In Favour of Both, Partially
  • Citation Number : TS-533-ITAT-2017(Bang)-TP
  • Tax Payer : Mindteck (India) Ltd
Income tax Appellate Tribunal

ITAT: Rejects assessee's grievance against direction requiring AO/TPO to verify service rendition evidence

  • In Favour of Both, Partially
  • Citation Number : TS-532-ITAT-2017(Bang)-TP
  • Tax Payer : 3M India Ltd
Income tax Appellate Tribunal

ITAT: Remits notional commission adjustment on direct sale by AE, follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-531-ITAT-2017(Mum)-TP
  • Tax Payer : India Medtronic Pvt Ltd
Income tax Appellate Tribunal

ITAT: Can't apply AY 2009-10 precedent without examining comparable facts/ circumstances for subject AY 2004-05

  • In Favour of Both, Partially
  • Citation Number : TS-530-ITAT-2017(Bang)-TP
  • Tax Payer : Siemens BPO Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Can’t ignore turnover filter merely because comparable exclusion contested on other reasons

  • In Favour of Both, Partially
  • Citation Number : TS-529-ITAT-2017(Bang)-TP
  • Tax Payer : Mercedes-Benz Research & Development India Private Limited
Income tax Appellate Tribunal

ITAT: Restricts guarantee commission adjustment to 0.385% & interest at LIBOR+1.50%; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-528-ITAT-2017(Mum)-TP
  • Tax Payer : Reliance Industries Ltd
Income tax Appellate Tribunal

ITAT: Allows Revenue’s appeal challenging CIT(A)’s remand; Rejects 1- 200 cr turnover filter

  • In Favour of Revenue
  • Citation Number : TS-527-ITAT-2017(Bang)-TP
  • Tax Payer : INtellinet Technologies India Pvt Ltd