Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on corporate guarantee fees, follows Micro Ink ruling

  • In Favour of Assessee
  • Citation Number : TS-311-ITAT-2017(Ahd)-TP
  • Tax Payer : Suzlon Energy Limited
Income tax Appellate Tribunal

ITAT: Confirms TP-adjustment on royalty payment, assessee failed to justify aggregation of transactions

  • In Favour of Revenue
  • Citation Number : TS-310-ITAT-2017(Bang)-TP
  • Tax Payer : Kaypee Electronics & Associates Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds denial of capacity adjustment absent empirical data showing billable man-hours working

  • In Favour of Both, Partially
  • Citation Number : TS-308-ITAT-2017(CHNY)-TP
  • Tax Payer : Saipem India Projects Limited
Income tax Appellate Tribunal

ITAT: Applies 10 times turnover filter to exclude 6 comparables for ITES-provider; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-307-ITAT-2017(Bang)-TP
  • Tax Payer : Swiss Re Global Business Solutions India Private Limited
Income tax Appellate Tribunal

ITAT: Assessee to substantiate receipt of support services, remits issue to DRP

  • In Favour of Assessee
  • Citation Number : TS-306-ITAT-2017(CHNY)-TP
  • Tax Payer : Cook India Medical Devices Private Limited
Income tax Appellate Tribunal

ITAT: Wipro-Tech fails RPT-filter as its entire turnover constitutes deemed international transaction

  • In Favour of Assessee
  • Citation Number : TS-305-ITAT-2017(DEL)-TP
  • Tax Payer : Open Solutions Software Services
Income tax Appellate Tribunal

ITAT:Allows appeal to CIT(A); Assessee can choose between DRP/ CIT(A) route

  • In Favour of Assessee
  • Citation Number : TS-304-ITAT-2017(DEL)-TP
  • Tax Payer : Samsung Heavy Industries India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits costs & referral fees reimbursement transactions, follows own HC-ruling

  • In Favour of Both, Partially
  • Citation Number : TS-303-ITAT-2017(DEL)-TP
  • Tax Payer : Cushman & Wakefield India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects internal-TNMM considering technological / brand differences; Disapproves restricting TP-adjustments to AE-transactions

  • In Favour of Both, Partially
  • Citation Number : TS-302-ITAT-2017(CHNY)-TP
  • Tax Payer : Caterpillar India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits MAM selection for purchase transaction; Assessee to substantiate application of internal-CUP

  • In Favour of Both, Partially
  • Citation Number : TS-301-ITAT-2017(CHNY)-TP
  • Tax Payer : Enfinity Solar Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds RPM for full-risk distributor; Remits examination of product-wise benchmarking

  • In Favour of Both, Partially
  • Citation Number : TS-300-ITAT-2017(DEL)-TP
  • Tax Payer : Horiba India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds RPM for assessee performing pure distribution functions without any value addition

  • In Favour of Assessee
  • Citation Number : TS-299-ITAT-2017(DEL)-TP
  • Tax Payer : Kobelco Construction Equipment India Limited
Income tax Appellate Tribunal

ITAT: Excludes 5 functionally dissimilar comparables for software developer; Follows Infinera ruling

  • In Favour of Assessee
  • Citation Number : TS-298-ITAT-2017(Bang)-TP
  • Tax Payer : Broadcom Communications Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT:Grants further stay extension to Manipal Global, delay not attributable to assessee

  • In Favour of Assessee
  • Citation Number : TS-297-ITAT-2017(Bang)-TP
  • Tax Payer : Manipal Global Education Services Pvt Ltd
Income tax Appellate Tribunal

ITAT:Extends stay beyond 365-days following SAP-ruling, delay not attributable to assessee

  • In Favour of Assessee
  • Citation Number : TS-296-ITAT-2017(Bang)-TP
  • Tax Payer : Novo Nordisk India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects TPO's assumption of lower credit-rating requiring corporate guarantee while benchmarking AE-loan

  • In Favour of Assessee
  • Citation Number : TS-295-ITAT-2017(Ahd)-TP
  • Tax Payer : Soma Textiles & Industries Ltd
Income tax Appellate Tribunal

ITAT: Customary disclaimer in CA's valuation certificate cannot hamper reliability, upholds TP-adjustment deletion

  • In Favour of Assessee
  • Citation Number : TS-294-ITAT-2017(Mum)-TP
  • Tax Payer : Strides Acrolabs Limited
Income tax Appellate Tribunal

ITAT:Discourages 'culture' of cryptic CIT(A)/DRP orders, remits comparable selection issue to CIT(A)

  • In Favour of Assessee
  • Citation Number : TS-293-ITAT-2017(Bang)-TP
  • Tax Payer : VeriFone India Technology Pvt Ltd
Income tax Appellate Tribunal

ITAT:Grants conditional stay; Considers assessee’s willingness to make additional Rs 2cr payment

  • In Favour of Assessee
  • Citation Number : TS-292-ITAT-2017(Bang)-TP
  • Tax Payer : Outsource Partners International P Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s appeal challenging TP-adjustment reduction pursuant to DRP-directions

  • In Favour of Assessee
  • Citation Number : TS-291-ITAT-2017(DEL)-TP
  • Tax Payer : Xchanging Technology Services India Pvt Ltd