Rulings ( 11976 results )

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High Court

HC: Quashes reassessment to levy tax on disputed service-tax element of AE-remuneration

  • In Favour of Assessee
  • Citation Number : TS-1099-HC-2016(DEL)-TP
  • Tax Payer : Microsoft Corporation (I) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits TP-adjustments on reimbursement of expats’ salaries & consultancy charges paid to AEs

  • In Favour of Both, Partially
  • Citation Number : TS-289-ITAT-2017(DEL)-TP
  • Tax Payer : Mars International India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Grants stay on Sec 271(1)(c) penalty recovery on TP-additions; Relies upon Verizon HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-288-ITAT-2017(DEL)-TP
  • Tax Payer : Halcrow Consulting India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs examination of Distribution & AMP functions vis-à-vis comparables, follows Sony Ericsson HC-ruling

  • In Favour of Both, Partially
  • Citation Number : TS-287-ITAT-2017(DEL)-TP
  • Tax Payer : Casio India Company Pvt Ltd
High Court

HC:Dismisses Revenue's appeal against ITAT-order confirming TPO's comparable inclusion

  • In Favour of Assessee
  • Citation Number : TS-286-HC-2017(BOM)-TP
  • Tax Payer : Firmenich Aromatics India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Disapproves DR’s usurping of AO’s power to contest comparables accepted by TPO

  • In Favour of Assessee
  • Citation Number : TS-285-ITAT-2017(DEL)-TP
  • Tax Payer : Travel Security Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Royalty approved by RBI/FIPB not ipso-facto ALP rate; Distinguishes earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-283-ITAT-2017(Mum)-TP
  • Tax Payer : A W Faber Castell India P Ltd
Income tax Appellate Tribunal

ITAT: Assessee to demonstrate rendition of services with credible evidence, need/benefit test satisfied

  • In Favour of Both, Partially
  • Citation Number : TS-282-ITAT-2017(DEL)-TP
  • Tax Payer : Avery Dennison India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Modifies ITAT order upholding Nike India’s BCCI cost-sharing with AE as international transaction

  • In Favour of Both, Partially
  • Citation Number : TS-281-ITAT-2017(Bang)-TP
  • Tax Payer : Nike India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits AMP issue for determining existence of ‘international transaction’, follows Louis Vuitton ruling

  • In Favour of Both, Partially
  • Citation Number : TS-280-ITAT-2017(DEL)-TP
  • Tax Payer : Grohe India Private Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables selection in software & ITeS segments; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-279-ITAT-2017(Bang)-TP
  • Tax Payer : Thomson Reuters India Services P Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment on interest free advances; AO to examine profit shifting intent

  • In Favour of Both, Partially
  • Citation Number : TS-278-ITAT-2017(CHNY)-TP
  • Tax Payer : Sterlite Industries (India) Ltd
High Court

HC: Upholds ITAT-order restoring TP-adjustment on AE-receivable for media rights

  • In Favour of Assessee
  • Citation Number : TS-277-HC-2017(BOM)-TP
  • Tax Payer : Nimbus Communication Ltd
Income tax Appellate Tribunal

ITAT:Grants stay-extension; Appeal adjourned for cogent reasons, delay not attributable to assessee

  • In Favour of Assessee
  • Citation Number : TS-276-ITAT-2017(Bang)-TP
  • Tax Payer : Outsourcepartners International Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants stay considering around 50% demand already discharged

  • In Favour of Assessee
  • Citation Number : TS-275-ITAT-2017(Bang)-TP
  • Tax Payer : LG Soft India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Denies risk adjustment claim absent quantification, applies SC ratio in BC Srinivasa

  • In Favour of Both, Partially
  • Citation Number : TS-274-ITAT-2017(Bang)-TP
  • Tax Payer : UEI Electronics Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants conditional stay; 50% demand will be discharged on additional Rs1cr-payment

  • In Favour of Assessee
  • Citation Number : TS-273-ITAT-2017(Bang)-TP
  • Tax Payer : Misys Software Solutions India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits AMP-adjustment for assessee engaged in distribution & marketing services; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-272-ITAT-2017(DEL)-TP
  • Tax Payer : Nikon India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Grants conditional stay; Directs Rs 2cr payment considering Cisco’s financial position not bad

  • In Favour of Assessee
  • Citation Number : TS-270-ITAT-2017(Bang)-TP
  • Tax Payer : Cisco Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Grants conditional stay considering 44 demand already discharged

  • In Favour of Both, Partially
  • Citation Number : TS-269-ITAT-2017(Bang)-TP
  • Tax Payer : Schneider Electric IT Business India Pvt Ltd