Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT:High working capital adjustment no reason to exclude companies if otherwise comparable

  • In Favour of Both, Partially
  • Citation Number : TS-463-ITAT-2017(Bang)-TP
  • Tax Payer : Torry Harris Business Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Exclude expenses recovery from cost base absent service rendition and profit element

  • In Favour of Assessee
  • Citation Number : TS-462-ITAT-2017(Kol)-TP
  • Tax Payer : Oracle (OFSS) BPO Service
Income tax Appellate Tribunal

ITAT: Characterizes research & information service provider as KPO, advocates strict Rule 10B compliance

  • In Favour of Assessee
  • Citation Number : TS-461-ITAT-2017(DEL)-TP
  • Tax Payer : Mckinsey Knowledge Centre India Pvt Ltd
High Court

HC: Confirms TP-adjustment restriction to international transactions, rejects non-availability of segmental information plea

  • In Favour of Assessee
  • Citation Number : TS-460-HC-2017(BOM)-TP
  • Tax Payer : Phoenix Mecano (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: AO to adopt AE-country interest rates for outbound loan; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-458-ITAT-2017(Bang)-TP
  • Tax Payer : Subex Limited
Income tax Appellate Tribunal

ITAT: Adopts CUP for medical transcriptions services; Rejects Revenue’s challenge to earlier ITAT-order

  • In Favour of Both, Partially
  • Citation Number : TS-457-ITAT-2017(HYD)-TP
  • Tax Payer : iMedX Information Services Private Limited
Income tax Appellate Tribunal

ITAT: Applies 10 times turnover range to uniformly exclude even uncontested comparables

  • In Favour of Both, Partially
  • Citation Number : TS-456-ITAT-2017(Bang)-TP
  • Tax Payer : Misys Software Solutions (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 2 comparables after detailed comparability examination; Dissuades merely following precedents

  • In Favour of Assessee
  • Citation Number : TS-455-ITAT-2017(DEL)-TP
  • Tax Payer : Teradata India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds Nil-ALP sans proof of rendition of management services by AE

  • In Favour of Revenue
  • Citation Number : TS-454-ITAT-2017(Bang)-TP
  • Tax Payer : TaeguTec India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds TNMM for intra-group services, directs turnover based allocation to other transactions

  • In Favour of Both, Partially
  • Citation Number : TS-453-ITAT-2017(Bang)-TP
  • Tax Payer : Yokogawa India Limited
High Court

HC: Upholds ITAT’s exclusion of comparables in IT, ITeS segments

  • In Favour of Assessee
  • Citation Number : TS-452-HC-2017(DEL)-TP
  • Tax Payer : Avaya India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts internal-CUP for back-to-back software transactions absent scope for distortion

  • In Favour of Both, Partially
  • Citation Number : TS-451-ITAT-2017(DEL)-TP
  • Tax Payer : Calance Software Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-addition on preference shares subscription / redemption; Accepts assessee's 1% as guarantee ALP

  • In Favour of Assessee
  • Citation Number : TS-450-ITAT-2017(Mum)-TP
  • Tax Payer : Aegis Ltd
Income tax Appellate Tribunal

ITAT:Remits notional interest adjustment on outstanding AE-receivables, follows earlier year order

  • In Favour of Both, Partially
  • Citation Number : TS-449-ITAT-2017(Bang)-TP
  • Tax Payer : Ingersoll Rand India Ltd
Income tax Appellate Tribunal

ITAT: Excludes 2 comparables for investment advisor; Accepts inclusion of functionally comparable IDC-India

  • In Favour of Assessee
  • Citation Number : TS-448-ITAT-2017(Mum)-TP
  • Tax Payer : Siguler Guff India Advisers Pvt Ltd
Income tax Appellate Tribunal

ITAT:Disallows marketing expenses adjustment while benchmarking with internal comparable under CPM

  • In Favour of Both, Partially
  • Citation Number : TS-447-ITAT-2017(Bang)-TP
  • Tax Payer : Msource India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Determines guarantee commission ALP at 0.25%, follows Asian Paints & earlier year rulings

  • In Favour of Assessee
  • Citation Number : TS-446-ITAT-2017(HYD)-TP
  • Tax Payer : Aster Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes Accentia, Infosys BPO for ITES provider assessee; Confirms risk adjustment denial

  • In Favour of Both, Partially
  • Citation Number : TS-445-ITAT-2017(Bang)-TP
  • Tax Payer : Global e-Business Operations Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables applying 10 times turnover tolerance range, follows PMC-Sierra, McAfee rulings

  • In Favour of Both, Partially
  • Citation Number : TS-444-ITAT-2017(Bang)-TP
  • Tax Payer : Robert Bosch Engineering & Business Solutions Ltd
Income tax Appellate Tribunal

ITAT: Adopts TNMM over CUP considering non-availability of comparable data; Excludes 5 comparables

  • In Favour of Assessee
  • Citation Number : TS-443-ITAT-2017(Bang)-TP
  • Tax Payer : Dell International Services India Pvt Ltd