Rulings ( 11976 results )

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High Court

HC: ITAT-direction for considering ‘same FY data’ without apportionment/truncation, contrary to Rule 10B(4) proviso

  • In Favour of Assessee
  • Citation Number : TS-442-HC-2017(DEL)-TP
  • Tax Payer : Techbooks Electronics Services
High Court

HC:Dismisses Revenue’s appeal in Gillette case, no substantial question arising from ITAT’s remand

  • In Favour of Assessee
  • Citation Number : TS-441-HC-2017(DEL)-TP
  • Tax Payer : Gillette Diversified Operation Pvt Ltd
Income tax Appellate Tribunal

ITAT:Restores ALP-determination for second line support services provided by AE following earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-440-ITAT-2017(DEL)-TP
  • Tax Payer : Ericsson India Private Ltd
Income tax Appellate Tribunal

ITAT: Rejects Nil ALP-determination applying benefit test; Follows EKL Appliances, Knorr Bremse rulings

  • In Favour of Assessee
  • Citation Number : TS-439-ITAT-2017(DEL)-TP
  • Tax Payer : Corning SAS
Income tax Appellate Tribunal

ITAT: Rejects Nil-ALP for fixed assets purchase; Deletes TP-adjustment on delayed AE-receivables

  • In Favour of Both, Partially
  • Citation Number : TS-438-ITAT-2017(DEL)-TP
  • Tax Payer : BC Management Services Pvt Ltd
High Court

HC: Defines scope of remand, redirects 4 TP issues back to ITAT

  • In Favour of Assessee
  • Citation Number : TS-437-HC-2017(DEL)-TP
  • Tax Payer : ALcatel Lucent India Ltd
Income tax Appellate Tribunal

ITAT: Quashes assessment on non-existent amalgamating company; Follows Spice Entertainment HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-436-ITAT-2017(DEL)-TP
  • Tax Payer : Nokia Solutions & Network India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits AMP-issue related to selling, distribution for fresh adjudication following earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-435-ITAT-2017(DEL)-TP
  • Tax Payer : MSD Pharmaceuticals Pvt Ltd
Income tax Appellate Tribunal

ITAT: CIT(A) can’t enhance concealment penalty to encompass TP-addition not arising from assessment-order

  • In Favour of Assessee
  • Citation Number : TS-434-ITAT-2017(DEL)-TP
  • Tax Payer : JRK Auto Parts Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects Nil-ALP for managerial-fee payment, accepts actual service-rendition & bonafides of arrangement

  • In Favour of Assessee
  • Citation Number : TS-433-ITAT-2017(Ahd)-TP
  • Tax Payer : Schneider Electric India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects distinction from earlier AYs absent actual AMP-intensity adjustment, remits AMP-issue

  • In Favour of Both, Partially
  • Citation Number : TS-432-ITAT-2017(DEL)-TP
  • Tax Payer : Perfetti Van Melle India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Guarantee commission justified 0.75%; Total borrowing cost (including guarantee) lesser than bank interest-rate

  • In Favour of Assessee
  • Citation Number : TS-431-ITAT-2017(Ahd)-TP
  • Tax Payer : Bosch Rexroth India Ltd
Income tax Appellate Tribunal

ITAT: Forex gain/ loss of current year exports alone relevant for operating margin computation

  • In Favour of Both, Partially
  • Citation Number : TS-430-ITAT-2017(Bang)-TP
  • Tax Payer : Goldman Sachs Service Pvt Ltd
Income tax Appellate Tribunal

ITAT: Sets aside CIT(A) order deleting adjustment considering violation of principle of natural justice

  • In Favour of Both, Partially
  • Citation Number : TS-429-ITAT-2017(Bang)-TP
  • Tax Payer : Wipro GE Medical Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Follows Bangalore ITAT to apply 10-times turnover filter; Excludes reimbursements from RPT-percentage

  • In Favour of Both, Partially
  • Citation Number : TS-428-ITAT-2017(Mum)-TP
  • Tax Payer : Jacobs Engineering India Private Limited
Income tax Appellate Tribunal

ITAT: Retains comparables with turnover exceeding Rs. 800 Cr despite assessee’s Rs. 20 Cr turnover, distinguishes Pentair HC-ruling

  • In Favour of Both, Partially
  • Citation Number : TS-427-ITAT-2017(CHNY)-TP
  • Tax Payer : Shipnet Software Solutions India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Comparables cannot be excluded merely for higher working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-426-ITAT-2017(Bang)-TP
  • Tax Payer : GE India Exports Pvt Ltd
High Court

HC: Confirms deletion of Sec. 271(1)(c) penalty absent deliberate concealment attempt by Gap International

  • In Favour of Assessee
  • Citation Number : TS-425-HC-2017(DEL)-TP
  • Tax Payer : Gap International Sourcing India Ltd
Income tax Appellate Tribunal

ITAT:Deletes downward adjustment on raw-material purchases; Remits ALP-determination for commission payment

  • In Favour of Both, Partially
  • Citation Number : TS-424-ITAT-2017(CHNY)-TP
  • Tax Payer : Intimate Fashions India Pvt Ltd
High Court

HC:AO/TPO to decide AMP-issue applying Sony HC ratio, not ITAT-ruling in LG Electronics

  • In Favour of Both, Partially
  • Citation Number : TS-423-HC-2017(DEL)-TP
  • Tax Payer : Ray Ban Sun Optics India Ltd