Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT: Extraordinary event can be reason for comparable exclusion, not high profit-margin alone

  • In Favour of Both, Partially
  • Citation Number : TS-526-ITAT-2017(Bang)-TP
  • Tax Payer : Huawei Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Sec 271AA penalty for TP-documentation failure inapplicable absent TP-addition in quantum appeal

  • In Favour of Assessee
  • Citation Number : TS-525-ITAT-2017(CHNY)-TP
  • Tax Payer : Indian Additives Express High Way
Income tax Appellate Tribunal

ITAT: Dismisses Texas Instruments's appeals, notes resolution of TP disputes under MAP

  • In Favour of Both, Partially
  • Citation Number : TS-524-ITAT-2017(Bang)-TP
  • Tax Payer : Texas Instruments (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows Tesco Hindustan Service's miscellaneous petition, modifies TP comparables selection

  • In Favour of Assessee
  • Citation Number : TS-523-ITAT-2017(Bang)-TP
  • Tax Payer : Tesco Hindustan Service Centre Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits assessee's claim about grant of 5% benefit to TPO for verification

  • In Favour of Assessee
  • Citation Number : TS-522-ITAT-2017(Mum)-TP
  • Tax Payer : BASF Coatings (India) P Ltd
Income tax Appellate Tribunal

ITAT: Windmill division's revenue un-connected with AE transactions not operating income under TNMM

  • In Favour of Revenue
  • Citation Number : TS-521-ITAT-2017(Ahd)-TP
  • Tax Payer : Rajratna Metal Industries Ltd
High Court

HC: HC dismisses Revenue's appeal against exclusion of ICC International as comparable

  • In Favour of Assessee
  • Citation Number : TS-520-HC-2017(DEL)-TP
  • Tax Payer : Panasonic Industrial Asia Pte Ltd
Income tax Appellate Tribunal

ITAT: Sets aside DRP's cryptic order, remits TP-issue to AO/TPO for fresh consideration

  • In Favour of Assessee
  • Citation Number : TS-519-ITAT-2017(Bang)-TP
  • Tax Payer : Maxim India Integrated Circuit Design Private Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables applying 15% RPT-filter, 10 times turnover filter and functional dissimilarity

  • In Favour of Assessee
  • Citation Number : TS-518-ITAT-2017(Bang)-TP
  • Tax Payer : Aspect Technology Centre India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Directs restriction of TP-adjustment to international transaction; Remits comparability of Remi-Process

  • In Favour of Assessee
  • Citation Number : TS-517-ITAT-2017(Mum)-TP
  • Tax Payer : IMA PG India Limited
Income tax Appellate Tribunal

ITAT: Grants further stay extension subject to non-adjournment condition; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-516-ITAT-2017(Bang)-TP
  • Tax Payer : Huawei Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Includes comparable providing similar services in different sector; Grants risk adjustment in-principle

  • In Favour of Both, Partially
  • Citation Number : TS-515-ITAT-2017(DEL)-TP
  • Tax Payer : Haldor Topsoe India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparable selection for assessee's software development service/ITeS; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-514-ITAT-2017(Bang)-TP
  • Tax Payer : Altair Engineering India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables relying on ITAT ruling in NTT Data Global case

  • In Favour of Both, Partially
  • Citation Number : TS-513-ITAT-2017(Bang)-TP
  • Tax Payer : Winphoria Networks India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Allows TP-relief on Dabur's royalty receipts, notes changes in AE's product profile

  • In Favour of Both, Partially
  • Citation Number : TS-512-ITAT-2017(DEL)-TP
  • Tax Payer : Dabur India Ltd
Income tax Appellate Tribunal

ITAT:Grants early hearing; Directs authorities not to take coercive measures

  • In Favour of Assessee
  • Citation Number : TS-511-ITAT-2017(Bang)-TP
  • Tax Payer : Logix Microsystems Limited
Income tax Appellate Tribunal

ITAT: Excludes comparables with different FY-ending; Accepts netting-off expenses recovery for margin computation

  • In Favour of Assessee
  • Citation Number : TS-510-ITAT-2017(PUN)-TP
  • Tax Payer : Bobst India Private Limited
Income tax Appellate Tribunal

ITAT: DRP to decide issue itself, without remand; Rejects use of foreign comparables

  • In Favour of Assessee
  • Citation Number : TS-509-ITAT-2017(CHNY)-TP
  • Tax Payer : Ford India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment as transaction accepted in AE's hand, follows earlier ITAT orders

  • In Favour of Assessee
  • Citation Number : TS-508-ITAT-2017(Bang)-TP
  • Tax Payer : UE Development India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits working capital adjustment computation for ICRA (comparable) after examining its financials

  • In Favour of Assessee
  • Citation Number : TS-507-ITAT-2017(DEL)-TP
  • Tax Payer : Adidas Technical Services Pvt Ltd