Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT:Deletes ad-hoc royalty adjustment absent adherence to proper TP-procedure; Follows Spicer ruling

  • In Favour of Assessee
  • Citation Number : TS-398-ITAT-2017(PUN)-TP
  • Tax Payer : John Deere India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds assessment-order on amalgamated company quoting amalgamating company’s PAN; Excludes 5 comparables

  • In Favour of Assessee
  • Citation Number : TS-396-ITAT-2017(HYD)-TP
  • Tax Payer : BA Continuum India Private Limited (formerly CFC India Services Pvt. Ltd)
Income tax Appellate Tribunal

ITAT: Dismisses assessee & Revenue’s cross appeals as TP-issues resolved under MAP

  • In Favour of Both, Partially
  • Citation Number : TS-395-ITAT-2017(Bang)-TP
  • Tax Payer : Agile Software Enterprises Private Limited
Income tax Appellate Tribunal

ITAT: Grants conditional stay considering 25% demand already discharged

  • In Favour of Assessee
  • Citation Number : TS-394-ITAT-2017(Bang)-TP
  • Tax Payer : Biesse Manufacturing Company Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds TNMM over CUP for benchmarking import, export transactions; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-393-ITAT-2017(PUN)-TP
  • Tax Payer : Amphenol Interconnect (I) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds deletion of Rs. 10.83 Cr TP-adjustment considering transaction level margins over entity approach

  • In Favour of Assessee
  • Citation Number : TS-392-ITAT-2017(Kol)-TP
  • Tax Payer : J.J Exporters Ltd
Income tax Appellate Tribunal

ITAT:Sets aside cryptic CIT(A)-order on application of filters for comparables selection

  • In Favour of Revenue
  • Citation Number : TS-391-ITAT-2017(Bang)-TP
  • Tax Payer : Novellus Systems (Ind) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Admonishes assessee’s comparable retraction after 11 years; Distinguishes Quark Systems SB-ruling

  • In Favour of Both, Partially
  • Citation Number : TS-390-ITAT-2017(DEL)-TP
  • Tax Payer : Evalueserve.com Pvt Ltd
Income tax Appellate Tribunal

ITAT: Extends stay of Rs. 1029 Cr demand for Infosys subject to Rs. 300 Cr further payment

  • In Favour of Assessee
  • Citation Number : TS-389-ITAT-2017(Bang)-TP
  • Tax Payer : INFOSYS LIMITED
Income tax Appellate Tribunal

ITAT:Royalty payment between related parties not ‘uncontrolled transaction’, disqualifies as ‘comparable’ for ALP-computation

  • In Favour of Assessee
  • Citation Number : TS-388-ITAT-2017(Bang)-TP
  • Tax Payer : Praxair India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes comparable with different accounting period and 95 related party transactions

  • In Favour of Assessee
  • Citation Number : TS-387-ITAT-2017(Mum)-TP
  • Tax Payer : Tevapharm India Pvt Ltd (Formerly known as Ratio Pharm India Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Dismisses assessee's preliminary grounds on DCIT’s jurisdiction despite initial reference to Addl CIT

  • In Favour of Revenue
  • Citation Number : TS-386-ITAT-2017(Bang)-TP
  • Tax Payer : Softek India Pvt. Ltd.
Income tax Appellate Tribunal

ITAT:Remits foreign comparables issue for Timex regarding Rs. 6.29 Cr adjustment, follows earlier ITAT-order

  • In Favour of Both, Partially
  • Citation Number : TS-385-ITAT-2017(DEL)-TP
  • Tax Payer : Timex Watches Limited
Income tax Appellate Tribunal

ITAT: Upholds application of turnover filter of 10 times assessee's filter & 15% RPT filter

  • In Favour of Both, Partially
  • Citation Number : TS-384-ITAT-2017(Bang)-TP
  • Tax Payer : Microchip Technology (India) Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: CIT(A) cannot remand matter to AO/TPO; Directs re-adjudication of comparability/ filter-selection issues

  • In Favour of Both, Partially
  • Citation Number : TS-383-ITAT-2017(Bang)-TP
  • Tax Payer : Athena Semiconductors Pvt. Ltd. (merged with Broadcom India Pvt. Ltd.)
Income tax Appellate Tribunal

ITAT: Rejects RPM for benchmarking TV-programmes sale to AE absent resale to ‘unrelated enterprises’

  • In Favour of Assessee
  • Citation Number : TS-382-ITAT-2017(Mum)-TP
  • Tax Payer : Zee Entertainment Enterprises Ltd
Income tax Appellate Tribunal

ITAT:Grants conditional stay despite original stay vacation; Assessee compelled to seek adjournment

  • In Favour of Assessee
  • Citation Number : TS-381-ITAT-2017(Bang)-TP
  • Tax Payer : Transitions Optical Distribution Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits profit attribution issue for Indian PE rendering IT enabled back-office services

  • In Favour of Revenue
  • Citation Number : TS-380-ITAT-2017(DEL)-TP
  • Tax Payer : Consulting Engineers Corporation
Income tax Appellate Tribunal

ITAT:Intra-group support service provided by AE not ‘stewardship services’, benefit test demonstrated

  • In Favour of Assessee
  • Citation Number : TS-379-ITAT-2017(Kol)-TP
  • Tax Payer : Akzo Nobel India Limited
Income tax Appellate Tribunal

ITAT:Reassessment proceedings based on TPO's-order invalid absent scrutiny assessment initiation, follows Maximize-ruling

  • In Favour of Assessee
  • Citation Number : TS-378-ITAT-2017(PUN)-TP
  • Tax Payer : Kimberly Clark Lever Private Limited