Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT: Grants stay subject to additional Rs 9 lakhs payment to achieve 50% demand discharge

  • In Favour of Assessee
  • Citation Number : TS-506-ITAT-2017(Bang)-TP
  • Tax Payer : Indegene Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s order deleting royalty adjustment following earlier year orders

  • In Favour of Assessee
  • Citation Number : TS-505-ITAT-2017(JPR)-TP
  • Tax Payer : Sakata Inx (India) Ltd
Income tax Appellate Tribunal

ITAT: Rejects DRP’s 1% lumpsum risk-adjustment absent accurate projections & details provided by assessee

  • In Favour of Assessee
  • Citation Number : TS-504-ITAT-2017(Bang)-TP
  • Tax Payer : Swiss Re Shared Services (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds risk-adjustment denial in second appeal round; Remits operating margin, working-capital computation

  • In Favour of Both, Partially
  • Citation Number : TS-503-ITAT-2017(Bang)-TP
  • Tax Payer : Mercedes-Benz Research and Development India Private Ltd
Income tax Appellate Tribunal

ITAT: Remits comparability of Coral-Hubs to consider Rampgreen HC-ruling not available before CIT(A)

  • In Favour of Assessee
  • Citation Number : TS-502-ITAT-2017(PUN)-TP
  • Tax Payer : Credit Pointe Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Forex-gain relating to present year turnover alone relevant for operating margin computation

  • In Favour of Both, Partially
  • Citation Number : TS-501-ITAT-2017(Bang)-TP
  • Tax Payer : ABB global Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: ALP cannot be ‘Nil’ where CUP is MAM; Remits intra-group services ALP-determination

  • In Favour of Both, Partially
  • Citation Number : TS-500-ITAT-2017(DEL)-TP
  • Tax Payer : Citicorp Maruti Finance Ltd
Income tax Appellate Tribunal

ITAT:Directs AO/TPO to examine combined transaction approach while determining ALP

  • In Favour of Both, Partially
  • Citation Number : TS-499-ITAT-2017(DEL)-TP
  • Tax Payer : Federal Mogul Automotive Product (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Applies LIBOR+200pts on outstanding AE-advances; Deletes corporate guarantee TP-adjustment, Sec 92B amendment prospective

  • In Favour of Both, Partially
  • Citation Number : TS-498-ITAT-2017(HYD)-TP
  • Tax Payer : Vivimed Labs Ltd
Income tax Appellate Tribunal

ITAT: Excludes Thinksoft and FCS Software for benchmarking software-development services absent assessee’s objection

  • In Favour of Both, Partially
  • Citation Number : TS-497-ITAT-2017(Bang)-TP
  • Tax Payer : Yodlee Infotech P Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Toyota Kirloskar’s appeal as TP-issue resolved under Indo-Japan MAP

  • In Favour of Both, Partially
  • Citation Number : TS-496-ITAT-2017(Bang)-TP
  • Tax Payer : Toyota Kirloskar Auto Parts Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remands comparability of 13 companies for fresh adjudication considering CIT(A)’s cryptic, non-speaking order

  • In Favour of Both, Partially
  • Citation Number : TS-495-ITAT-2017(Bang)-TP
  • Tax Payer : ABB Industrial IT Development Centre Ltd
Income tax Appellate Tribunal

ITAT: Excludes 6 comparables for software developer assessee; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-494-ITAT-2017(Bang)-TP
  • Tax Payer : Arcot R& D Software Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects 1% adhoc risk adjustment; Remands TP-adjustment on salary costs reimbursements absent particulars

  • In Favour of Both, Partially
  • Citation Number : TS-493-ITAT-2017(Bang)-TP
  • Tax Payer : Obopay Mobile Technology India Private Ltd
Income tax Appellate Tribunal

ITAT: Turnover filter relevant for service sector, draws support from Safe Harbour Rules

  • In Favour of Both, Partially
  • Citation Number : TS-492-ITAT-2017(Bang)-TP
  • Tax Payer : Misys Software Solutions (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects PBDIT as PLI but permits depreciation rate difference adjustment, follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-491-ITAT-2017(PUN)-TP
  • Tax Payer : Vishay Components Pvt Ltd
Income tax Appellate Tribunal

ITAT:TPO-reference for < Rs 15 Crores cases not bad in law; Remands issue for AYs 2009-10,2010-11

  • In Favour of Assessee
  • Citation Number : TS-490-ITAT-2017(Bang)-TP
  • Tax Payer : Nirvana Business Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs consideration of assessee's claim regarding extraordinary cost incurred during initial years

  • In Favour of Both, Partially
  • Citation Number : TS-489-ITAT-2017(Bang)-TP
  • Tax Payer : Symphony Services India P Ltd
Income tax Appellate Tribunal

ITAT: Excludes 15 comparables for software developer assessee, rejects capacity under-utilization adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-488-ITAT-2017(Bang)-TP
  • Tax Payer : Tavant Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Restores TP-adjustment w.r.t. technical, management service fee to AO/TPO; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-487-ITAT-2017(CHNY)-TP
  • Tax Payer : Dymos Lear Automotive India Pvt Ltd