Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT:Grants partial stay of demand arising from TP-adjustment for AY 2012-13

  • In Favour of Both, Partially
  • Citation Number : TS-187-ITAT-2017(Bang)-TP
  • Tax Payer : Curam Software International Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s miscellaneous petition seeking consideration of ‘BPO segment’ of comparable

  • In Favour of Revenue
  • Citation Number : TS-186-ITAT-2017(Bang)-TP
  • Tax Payer : Swiss Re Global Business Solutions India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 8 comparables applying 10 times assessee's turnover filter

  • In Favour of Assessee
  • Citation Number : TS-185-ITAT-2017(Bang)-TP
  • Tax Payer : Netscout Systems Software India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts foreign-AE a tested party; Rejects Revenue’s claim regarding non-availability of comparable data

  • In Favour of Assessee
  • Citation Number : TS-184-ITAT-2017(CHANDI)-TP
  • Tax Payer : IDS Infotech Ltd
Income tax Appellate Tribunal

ITAT: Excludes 6 comparables citing functional- dissimilarity; Remits 2 for verifying employee cost/RPT filters

  • In Favour of Assessee
  • Citation Number : TS-183-ITAT-2017(Bang)-TP
  • Tax Payer : Sandisk India Device Design Centre Pvt Ltd
High Court

HC: Upholds ITAT order deleting AMP adjustment following HC order for earlier year

  • In Favour of Assessee
  • Citation Number : TS-182-HC-2017(DEL)-TP
  • Tax Payer : Honda Siel Power Product Ltd
Income tax Appellate Tribunal

ITAT: Upholds re-characterization of share-application as debt considering allotment delay / AE fund availability

  • In Favour of Both, Partially
  • Citation Number : TS-181-ITAT-2017(Bang)-TP
  • Tax Payer : Logix Microsystems Ltd
High Court

HC: Dismisses Revenue’s challenge to royalty payment; ITAT correctly applied EKL Appliances ratio

  • In Favour of Assessee
  • Citation Number : TS-180-HC-2017(DEL)-TP
  • Tax Payer : Frigoglass India Pvt Ltd
High Court

HC: Upholds ITAT-direction to use comparable's segmented-data, but remits unused capacity adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-179-HC-2017(DEL)-TP
  • Tax Payer : E I DuPont India Pvt Ltd
High Court

HC: Remits AMP-issue, ITAT to decide existence of international transaction considering Sony ruling

  • In Favour of Assessee
  • Citation Number : TS-178-HC-2017(DEL)-TP
  • Tax Payer : Pepsico India Holding Pvt Ltd
High Court

HC:Upholds ITAT order rejecting indenting business characterization as trading, considers Sumitomo Corporation ratio

  • In Favour of Assessee
  • Citation Number : TS-177-HC-2017(DEL)-TP
  • Tax Payer : Sojitz India Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparable selection for software development service provider

  • In Favour of Assessee
  • Citation Number : TS-176-ITAT-2017(Bang)-TP
  • Tax Payer : Sunquest Informtion Systems India Pvt Ltd
High Court

HC: ITAT-order on comparability unreasoned; Remits issue keeping contentions on all comparables, open

  • In Favour of Both, Partially
  • Citation Number : TS-175-HC-2017(DEL)-TP
  • Tax Payer : Agnity India Technologiers P Ltd
High Court

HC:Upholds Sogo Shosha company's TP-adjustment deletion; Follows ruling in own case

  • In Favour of Assessee
  • Citation Number : TS-174-HC-2017(DEL)-TP
  • Tax Payer : Mitsui & India Pvt Ltd
High Court

HC:Confirms ITAT order allowing brand usage royalty payment prior to formal agreement

  • In Favour of Assessee
  • Citation Number : TS-171-HC-2017(BOM)-TP
  • Tax Payer : Johnson & Johnson Ltd
Income tax Appellate Tribunal

ITAT: Benchmarking based on single comparable permissible, however +/-5 benefit inapplicable

  • In Favour of Assessee
  • Citation Number : TS-170-ITAT-2017(Mum)-TP
  • Tax Payer : JP Morgan Advisors India Private Limited
Income tax Appellate Tribunal

ITAT: Rejects CIT(A)'s exclusion of high turnover comparables; Turnover irrelevant for deciding comparability

  • In Favour of Both, Partially
  • Citation Number : TS-169-ITAT-2017(Bang)-TP
  • Tax Payer : Electronics for Imaging India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Disregards forward contract with AE, upholds TP-adjustment based on non-AE sales price

  • In Favour of Revenue
  • Citation Number : TS-168-ITAT-2017(Bang)-TP
  • Tax Payer : Dhanya Agroindustrial Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)-order quashing draft assessment order passed with demand and penalty notices

  • In Favour of Assessee
  • Citation Number : TS-167-ITAT-2017(PUN)-TP
  • Tax Payer : Can Pack India Private Limited
Income tax Appellate Tribunal

ITAT: Holds Solar Test activity costs as extra-ordinary, excludes from PLI computation

  • In Favour of Assessee
  • Citation Number : TS-166-ITAT-2017(Mum)-TP
  • Tax Payer : Schott Glass India Pvt Ltd