Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT:Corporate guarantee not international transaction prior to Sec 92B amendment, applies Siro Clinpharm ratio

  • In Favour of Both, Partially
  • Citation Number : TS-330-ITAT-2017(HYD)-TP
  • Tax Payer : Rain Cements Ltd
High Court

HC: Upholds exclusion of reimbursements for operating margin computation; Distinguishes Cushman & Wakefield

  • In Favour of Assessee
  • Citation Number : TS-329-HC-2017(DEL)-TP
  • Tax Payer : CPA Global Services Private Limited
Income tax Appellate Tribunal

ITAT: Mobilization advances, a well-accepted practice in construction industry, rejects re-characterization; Deletes interest adjustment

  • In Favour of Assessee
  • Citation Number : TS-328-ITAT-2017(HYD)-TP
  • Tax Payer : Lanco Infratech Limited
Income tax Appellate Tribunal

ITAT: Excludes depreciation from PLI-computation, cites difference in depreciation method & asset turnover ratio

  • In Favour of Assessee
  • Citation Number : TS-327-ITAT-2017(Ahd)-TP
  • Tax Payer : Sabic Research and Technology Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes L&T, Persistent Systems as comparables for assessee rendering software R&D services

  • In Favour of Both, Partially
  • Citation Number : TS-326-ITAT-2017(HYD)-TP
  • Tax Payer : Electronic Arts Games (India) Pvt Ltd
Foreign Court

FC: Canadian Tax Court rejects reassessment inconsistent with MAP-Agreements in Sifto's TP-case

  • In Favour of Assessee
  • Citation Number : TS-1141-FC-2017-TP
  • Tax Payer : Sifto Canada Corp
Income tax Appellate Tribunal

ITAT:Dismisses assessee’s appeal as TP-issue on royalty payment resolved under Indo-Japan MAP

  • In Favour of Assessee
  • Citation Number : TS-325-ITAT-2017(Mum)-TP
  • Tax Payer : Anchor Electricals Pvt Ltd
High Court

HC:Dismisses Revenue’s appeal; AMP reimbursement part of operating profit for computing PLI

  • In Favour of Assessee
  • Citation Number : TS-324-HC-2017(DEL)-TP
  • Tax Payer : Samsung Electronics India Information & Telecommunications Ltd
High Court

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

  • In Favour of Assessee
  • Citation Number : TS-323-HC-2017(DEL)-TP
  • Tax Payer : Gap International Sourcing India Ltd
Income tax Appellate Tribunal

ITAT:Deletes Hyundai India’s Rs 350 cr TP adjustment; Brand value accretion not separate international transaction

  • In Favour of Both, Partially
  • Citation Number : TS-322-ITAT-2017(CHNY)-TP
  • Tax Payer : Hyundai Motor India Limited
Income tax Appellate Tribunal

ITAT: Admits additional evidence w.r.t. software development services transaction; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-321-ITAT-2017(DEL)-TP
  • Tax Payer : RMSI Pvt Ltd
Income tax Appellate Tribunal

ITAT: Considers duty drawback, scrap sale as operating income; Excludes 3 public sector comparables

  • In Favour of Assessee
  • Citation Number : TS-320-ITAT-2017(PUN)-TP
  • Tax Payer : Behr India Limited
Income tax Appellate Tribunal

ITAT:Confirms penalty for not filing Form 3CEB for share investment transaction; Distinguishes Vodafone

  • In Favour of Revenue
  • Citation Number : TS-319-ITAT-2017(Mum)-TP
  • Tax Payer : BNT Global Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects TPO’s capacity adjustment denial by pre-supposing 'hypothetical' international transaction

  • In Favour of Assessee
  • Citation Number : TS-318-ITAT-2017(PUN)-TP
  • Tax Payer : Dover India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Retains Govt.-company as comparable for NR-assessee; Upholds relief on Rs. 332 Cr intra-group services adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-317-ITAT-2017(DEL)-TP
  • Tax Payer : BG Exploration & Production India Ltd
Income tax Appellate Tribunal

ITAT: Denies idle capacity adjustment; Assessee to justify capacity underutilization beyond start-up phase

  • In Favour of Both, Partially
  • Citation Number : TS-316-ITAT-2017(CHNY)-TP
  • Tax Payer : SAME Deutz-Fahr India Pvt Ltd
High Court

HC:Dismisses writ challenging order pursuant to ITAT's remand; Steers assessee towards CIT(A)

  • In Favour of Revenue
  • Citation Number : TS-315-HC-2017(MAD)-TP
  • Tax Payer : Volex Interconnect India Private Limited
Income tax Appellate Tribunal

ITAT:Remits TP-issue w.r.t. assessee’s derivative/fixed income transactions, follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-314-ITAT-2017(Mum)-TP
  • Tax Payer : Societe Generale
Income tax Appellate Tribunal

ITAT: Turnover not relevant criteria in service sector, follows Willis Processing ruling

  • In Favour of Both, Partially
  • Citation Number : TS-313-ITAT-2017(Bang)-TP
  • Tax Payer : Scancafe Digital Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-issue for considering internal vs external comparables while benchmarking software development services

  • In Favour of Both, Partially
  • Citation Number : TS-312-ITAT-2017(Bang)-TP
  • Tax Payer : KMG Infotech Ltd