Rulings ( 11976 results )

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High Court

HC:Upholds ITAT’s exclusion of 100 government owned undertaking as comparable; Follows Thyssenkrupp-ruling

  • In Favour of Assessee
  • Citation Number : TS-486-HC-2017(DEL)-TP
  • Tax Payer : International SOS Services India P Ltd
Income tax Appellate Tribunal

ITAT: Assessment on ‘non-existent’ amalgamating company, a jurisdictional defect; Quashes assessment following precedents

  • In Favour of Assessee
  • Citation Number : TS-484-ITAT-2017(DEL)-TP
  • Tax Payer : Sapient Consulting Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remands entire comparability issue for fresh examination after admitting assessee’s additional ground

  • In Favour of Assessee
  • Citation Number : TS-483-ITAT-2017(Bang)-TP
  • Tax Payer : Moog Controls India P Ltd
Income tax Appellate Tribunal

ITAT: Manpower underutilization linked to capacity adjustment; Rejects modification to ITAT-order remitting issue

  • In Favour of Both, Partially
  • Citation Number : TS-482-ITAT-2017(Bang)-TP
  • Tax Payer : Valtech India Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits AMP-issue for assessee engaged in manufacturing confectionary products; Follows subsequent-year order

  • In Favour of Assessee
  • Citation Number : TS-481-ITAT-2017(DEL)-TP
  • Tax Payer : Perfetti Van Melle India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds interest adjustment on delayed AE-receivables; Distinguishes earlier order in own case

  • In Favour of Revenue
  • Citation Number : TS-480-ITAT-2017(DEL)-TP
  • Tax Payer : Bechtel India Pvt Ltd
High Court

HC: Construes objections dismissed on ground of delay as DRP-direction; Dismisses assessee’s writ

  • In Favour of Revenue
  • Citation Number : TS-479-HC-2017(MAD)-TP
  • Tax Payer : Inno Estates Private Limited
High Court

HC: Dismisses Revenue’s appeal challenging +/-5% benefit; Can’t agitate new grounds before HC

  • In Favour of Assessee
  • Citation Number : TS-478-HC-2017(BOM)-TP
  • Tax Payer : Mettler Toledo India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Financial year filter unnecessary if transaction value/ profitability determinable for corresponding period

  • In Favour of Both, Partially
  • Citation Number : TS-477-ITAT-2017(Bang)-TP
  • Tax Payer : GE India Exports Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on royalty payment; Remits TP-addition on inflated purchases following earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-476-ITAT-2017(DEL)-TP
  • Tax Payer : Progressive Tools & Components Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes ESOPs but includes unaccounted support services in operating-cost for software services

  • In Favour of Both, Partially
  • Citation Number : TS-475-ITAT-2017(Bang)-TP
  • Tax Payer : i2 Technologies Software Pvt Ltd
High Court

HC: Upholds LIBOR on interest-free advances to wholly owned subsidiaries, applies Tata Autocomp ratio

  • In Favour of Assessee
  • Citation Number : TS-474-HC-2017(BOM)-TP
  • Tax Payer : Aurionpro Solutions Ltd
Income tax Appellate Tribunal

ITAT: Comparable cannot be excluded merely because working capital adjustment exceeded 4

  • In Favour of Assessee
  • Citation Number : TS-473-ITAT-2017(Bang)-TP
  • Tax Payer : Aris Global Software Private Ltd
Income tax Appellate Tribunal

ITAT:Upholds TP-adjustment deletion on raw-materials sale to AE

  • In Favour of Assessee
  • Citation Number : TS-471-ITAT-2017(Ahd)-TP
  • Tax Payer : ECI Technology P Ltd
Income tax Appellate Tribunal

ITAT:Confirms TP-adjustment deletion on foreign currency AE-loan; Follows HC rulings

  • In Favour of Assessee
  • Citation Number : TS-470-ITAT-2017(Kol)-TP
  • Tax Payer : M K Shah Exports Ltd
Income tax Appellate Tribunal

ITAT:Upholds TP-adjustment deletion on royalty payment as benefit not doubted; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-469-ITAT-2017(DEL)-TP
  • Tax Payer : Cornell Overseas (P) Ltd
Income tax Appellate Tribunal

ITAT: Excludes TCS E-serve and Wipro for benchmarking software development services; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-468-ITAT-2017(Mum)-TP
  • Tax Payer : Lionbridge Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds CIT(A)'s order applying Sec.153(2) provisions to quash time-barred re-assessment proceedings

  • In Favour of Assessee
  • Citation Number : TS-466-ITAT-2017(PUN)-TP
  • Tax Payer : Menshen Ropa Plastic Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: DRP not empowered to issue directions for further enquiry, to determine ALP itself

  • In Favour of Assessee
  • Citation Number : TS-465-ITAT-2017(CHNY)-TP
  • Tax Payer : Young Buhmwoo India Co Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on AE-expenditure reimbursement; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-464-ITAT-2017(Mum)-TP
  • Tax Payer : Ness Technologies (India) Pvt Ltd