Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT: Grants stay extension to Google; Delay in appeal hearing not attributable to assessee

  • In Favour of Assessee
  • Citation Number : TS-268-ITAT-2017(Bang)-TP
  • Tax Payer : Google India Private Limited
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s appeal following ARM Embedded ruling; Cannot cap working-capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-267-ITAT-2017(Bang)-TP
  • Tax Payer : Genisys Information Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Grants further stay extension; Delay in appeal disposal not attributable to assessee

  • In Favour of Assessee
  • Citation Number : TS-266-ITAT-2017(Bang)-TP
  • Tax Payer : Business Process Outsourcing India Pvt Ltd
High Court

HC:Confirms TP-adjustment deletion on alleged excessive sales promotion expenses sans ALP determination

  • In Favour of Both, Partially
  • Citation Number : TS-265-HC-2017(BOM)-TP
  • Tax Payer : Johnson & Johnson Ltd
Income tax Appellate Tribunal

ITAT:Grants conditional stay considering assessee’s willingness to further discharge demand

  • In Favour of Assessee
  • Citation Number : TS-264-ITAT-2017(Bang)-TP
  • Tax Payer : Alten Calsoft Labs India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Grants stay of demand arising on comparable dispute considering partial payment

  • In Favour of Assessee
  • Citation Number : TS-263-ITAT-2017(Bang)-TP
  • Tax Payer : Marvel India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Recalls ex-parte Tribunal order; Reasonable cause for non-appearance for hearing demonstrated

  • In Favour of Assessee
  • Citation Number : TS-262-ITAT-2017(Bang)-TP
  • Tax Payer : Maxim India Integrated Circuit Design Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds PE constitution for Arrow's LO; Accepts 40% profit-attribution based on FAR

  • In Favour of Both, Partially
  • Citation Number : TS-261-ITAT-2017(Bang)-TP
  • Tax Payer : Arrow Electronics India Ltd
Income tax Appellate Tribunal

ITAT: Upholds TP-adjustment on interest-free advance to AEs; Commercial expediency principle inapplicable

  • In Favour of Revenue
  • Citation Number : TS-260-ITAT-2017(Mum)-TP
  • Tax Payer : Strides Shasun Limited
Income tax Appellate Tribunal

ITAT: Chides AO/TPO’s clear defiance & disregard to DRP’s binding directions; Deletes TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-259-ITAT-2017(Bang)-TP
  • Tax Payer : Lenovo India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Grants conditional stay; Prima-facie case established as AMP-adjustment ‘highly debatable issue’

  • In Favour of Assessee
  • Citation Number : TS-258-ITAT-2017(Bang)-TP
  • Tax Payer : Epson India Private Limited
Income tax Appellate Tribunal

ITAT: Allows assessee’s miscellaneous petition for exclusion of 2 missed out comparables

  • In Favour of Assessee
  • Citation Number : TS-257-ITAT-2017(Bang)-TP
  • Tax Payer : Microchip Technology India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Excludes 4 functionally dissimilar comparables for ITES-provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-256-ITAT-2017(Bang)-TP
  • Tax Payer : Global e-Business Operations Pvt Ltd
Income tax Appellate Tribunal

ITAT:Dismisses assessee's claim for working capital adjustment absent proper quantification

  • In Favour of Revenue
  • Citation Number : TS-255-ITAT-2017(Bang)-TP
  • Tax Payer : Salesforce India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables for software developer; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-254-ITAT-2017(Bang)-TP
  • Tax Payer : Broadcom Communications Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects recall of Tribunal-order on stay as fresh petition can be filed

  • In Favour of Revenue
  • Citation Number : TS-253-ITAT-2017(Bang)-TP
  • Tax Payer : Logix Microsystem Ltd
High Court

HC:Rejects interest income inclusion for computing TP-adjustment, follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-252-HC-2017(BOM)-TP
  • Tax Payer : Calyon Bank
Income tax Appellate Tribunal

ITAT: Directs payment of 50% outstanding demand; CBDT’s 2016-Instruction inapplicable to Tribunal proceedings

  • In Favour of Revenue
  • Citation Number : TS-251-ITAT-2017(Bang)-TP
  • Tax Payer : Google India Pvt Ltd
Income tax Appellate Tribunal

ITAT:No rationality in fixing artificial upper-cap on working capital adjustment, follows precedents

  • In Favour of Revenue
  • Citation Number : TS-250-ITAT-2017(Bang)-TP
  • Tax Payer : AMD India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 11 functionally dissimilar comparables for software developer; Remits idle-capacity adjustment issue

  • In Favour of Both, Partially
  • Citation Number : TS-249-ITAT-2017(Bang)-TP
  • Tax Payer : Trianz Holdings Pvt Ltd