Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT: Remits CIT(A) order excluding 8 companies for software development service provider assessee

  • In Favour of Both, Partially
  • Citation Number : TS-225-ITAT-2017(HYD)-TP
  • Tax Payer : Xilinx India Technology Services Pvt Ltd
Income tax Appellate Tribunal

ITAT:Includes loss making comparable, excludes 2 functionally dissimilar comparables; Follows earlier decision

  • In Favour of Assessee
  • Citation Number : TS-224-ITAT-2017(DEL)-TP
  • Tax Payer : Philip Morris Services India SA
Supreme Court

SC:Admits Revenue’s SLP in Li Fung's case against HC-order following earlier year

  • In Favour of Revenue
  • Citation Number : TS-223-SC-2017-TP
  • Tax Payer : Li and Fung India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds 500 bps as appropriate spread over LIBOR/SIBOR for benchmarking ECB/FCD interest

  • In Favour of Assessee
  • Citation Number : TS-222-ITAT-2017(HYD)-TP
  • Tax Payer : Devgen Seeds & Crop Technology Pvt Ltd
Foreign Court

FC: US Tax Court rules in Amazon's favor; Rejects 'perpetual life' assumption for website technology, marketing intangibles

  • In Favour of Assessee
  • Citation Number : TS-1140-FC-2017(USA)-TP
  • Tax Payer : Amazon.com
Foreign Court

FC: US Tax Court rules in Amazon's favour over TP-dispute on intangibles transfer to Luxembourg subsidiary

  • In Favour of Assessee
  • Citation Number : TS-1139-FC-2017(USA)-TP
  • Tax Payer : Amazon.com
Income tax Appellate Tribunal

ITAT:Directs CIT(A) to decide appeal absent power to remit matter to AO/TPO

  • In Favour of Revenue
  • Citation Number : TS-221-ITAT-2017(Bang)-TP
  • Tax Payer : E4E Business Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables w.r.t assessee’s ‘call centre services’ for AYs 2008-09 to 2011-12

  • In Favour of Assessee
  • Citation Number : TS-220-ITAT-2017(DEL)-TP
  • Tax Payer : Corporate Executive Board India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits TP-adjustment on AMP-expenses, directs TPO to examine existence of ‘international transaction’

  • In Favour of Revenue
  • Citation Number : TS-219-ITAT-2017(DEL)-TP
  • Tax Payer : Reebok India Company
Income tax Appellate Tribunal

ITAT: Excludes 5 functionally different companies as comparable for BPO service provider

  • In Favour of Assessee
  • Citation Number : TS-218-ITAT-2017(Mum)-TP
  • Tax Payer : Willis Processing Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Denies risk-adjustment, cites single customer risk & assessee's failure to provide working

  • In Favour of Both, Partially
  • Citation Number : TS-217-ITAT-2017(Bang)-TP
  • Tax Payer : Syniverse Teledata Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds 15% RPT filter, remits comparable selection to TPO for fresh consideration

  • In Favour of Both, Partially
  • Citation Number : TS-216-ITAT-2017(Bang)-TP
  • Tax Payer : Net Devices India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Directs Revenue not to pressurize payment till service of ITAT-order for AY 2009-10

  • In Favour of Both, Partially
  • Citation Number : TS-215-ITAT-2017(Bang)-TP
  • Tax Payer : Misys Software Solutions India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Extends stay to Outsource-Partners considering appeal posted for hearing on 27.02.2017

  • In Favour of Assessee
  • Citation Number : TS-214-ITAT-2017(Bang)-TP
  • Tax Payer : Outsource Partners International P Ltd
Income tax Appellate Tribunal

ITAT:Remands benchmarking of AMP expenses reimbursement, follows earlier decision in assessee’s case

  • In Favour of Assessee
  • Citation Number : TS-213-ITAT-2017(Mum)-TP
  • Tax Payer : Molson Coors Cobra India Private Limited
Income tax Appellate Tribunal

ITAT: Higher working capital impact exceeding 4 not a ground for comparable rejection

  • In Favour of Both, Partially
  • Citation Number : TS-212-ITAT-2017(Bang)-TP
  • Tax Payer : Informatica Business Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants adhoc 2% risk-adjustment, however, denies adjustment for abnormal expenses on expansion

  • In Favour of Both, Partially
  • Citation Number : TS-211-ITAT-2017(CHNY)-TP
  • Tax Payer : KOB Medical Textiles Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits benchmarking of management fees clubbed with ITES, follows earlier year order

  • In Favour of Assessee
  • Citation Number : TS-210-ITAT-2017(Bang)-TP
  • Tax Payer : AXA Technologies Shared Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Sets aside non-speaking DRP order, lower authority cannot decide assessee’s objections summarily

  • In Favour of Assessee
  • Citation Number : TS-209-ITAT-2017(Bang)-TP
  • Tax Payer : UL India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Extends stay as delay in disposal of appeal not attributable to assessee

  • In Favour of Assessee
  • Citation Number : TS-208-ITAT-2017(Bang)-TP
  • Tax Payer : GE Intelligent Platform Pvt Ltd