Rulings ( 11976 results )

Filters
Income tax Appellate Tribunal

ITAT: Assessee’s transactions in manufacturing segment closely linked, accepts aggregation for benchmarking

  • In Favour of Assessee
  • Citation Number : TS-165-ITAT-2017(PUN)-TP
  • Tax Payer : Cummins India Limited
Income tax Appellate Tribunal

ITAT: Upholds idle capacity adjustment granted by CIT(A); Dismisses Revenue’s appeal

  • In Favour of Assessee
  • Citation Number : TS-164-ITAT-2017(CHNY)-TP
  • Tax Payer : Danfoss Industries Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s transfer pricing grounds considering MAP resolution

  • In Favour of Assessee
  • Citation Number : TS-163-ITAT-2017(PUN)-TP
  • Tax Payer : Symantec Software and Services India Private Limited
Income tax Appellate Tribunal

ITAT: Remits Revenue’s grounds considering assessee’s contention that TP-adjustment within +/-5%; Dismisses cross-objection

  • In Favour of Both, Partially
  • Citation Number : TS-162-ITAT-2017(DEL)-TP
  • Tax Payer : Aircom International India Pvt Ltd
Income tax Appellate Tribunal

ITAT: TPO to exclude forex-gain arising from earlier year turnover from assessee’s margin

  • In Favour of Assessee
  • Citation Number : TS-161-ITAT-2017(Bang)-TP
  • Tax Payer : Commscope Networks India Private Ltd
Income tax Appellate Tribunal

ITAT: Refuses to exclude comparable solely on ground of low profits; Adopts 15% RPT-filter

  • In Favour of Both, Partially
  • Citation Number : TS-160-ITAT-2017(Bang)-TP
  • Tax Payer : Synopsis (India) Pvt Ltd
High Court

HC: ITAT cannot exceed identical direction in earlier-year during remand; Additional observations inoperative

  • In Favour of Assessee
  • Citation Number : TS-158-HC-2017(KAR)-TP
  • Tax Payer : Fosroc Chemicals India Private Limited
High Court

HC:Upholds ITAT order quashing Sec 153A proceedings absent incriminating material; TP-adjustment deleted

  • In Favour of Assessee
  • Citation Number : TS-1098-HC-2016(DEL)-TP
  • Tax Payer : Baba Global Ltd
High Court

HC:Disposes writ against show-cause notice with Nil ALP-determination, TPO to consider assessee’s submissions

  • In Favour of Revenue
  • Citation Number : TS-1097-HC-2016(MAD)-TP
  • Tax Payer : AB Mauri India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 6 comparables citing functional dissimilarities; Cannot restrict working capital adjustment without basis

  • In Favour of Assessee
  • Citation Number : TS-157-ITAT-2017(Bang)-TP
  • Tax Payer : Huawei Technologies India P Ltd
Income tax Appellate Tribunal

ITAT: Directs CIT(A) to decide comparability issue himself, remit back to TPO impermissible

  • In Favour of Both, Partially
  • Citation Number : TS-156-ITAT-2017(Bang)-TP
  • Tax Payer : Samsung R&D Institute India
Income tax Appellate Tribunal

ITAT: Excludes 2 comparables citing different FY and 25% RPT filter for software developer assessee

  • In Favour of Both, Partially
  • Citation Number : TS-155-ITAT-2017(PUN)-TP
  • Tax Payer : Tieto Software Technologies Ltd
Income tax Appellate Tribunal

ITAT: Excludes 7 comparables citing functional dissimilarity, low employee cost & high RPT

  • In Favour of Assessee
  • Citation Number : TS-154-ITAT-2017(Bang)-TP
  • Tax Payer : Google India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables citing high-turnover, presence of intangibles, KPO & brand-value

  • In Favour of Assessee
  • Citation Number : TS-153-ITAT-2017(HYD)-TP
  • Tax Payer : Automatic Data Solutions & Technology Services Private Limited
Income tax Appellate Tribunal

ITAT: Modifies CIT(A)’s computation restricting TP-adjustment to AE-transactions; Grants +/-5% benefit on ‘price’

  • In Favour of Both, Partially
  • Citation Number : TS-152-ITAT-2017(DEL)-TP
  • Tax Payer : Hi Lex India Private Limited
Income tax Appellate Tribunal

ITAT:Rejects TPO's CUP-based benchmarking of pharma co's contract manufacturing, cites data discrepancies

  • In Favour of Both, Partially
  • Citation Number : TS-151-ITAT-2017(DEL)-TP
  • Tax Payer : Tevapharm India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds exclusion of company incurring losses in 2 years despite profit in subsequent-year

  • In Favour of Both, Partially
  • Citation Number : TS-150-ITAT-2017(CHNY)-TP
  • Tax Payer : Ahlers India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds TP-applicability to ‘international transactions’ despite non-deduction claim under cash accounting system

  • In Favour of Both, Partially
  • Citation Number : TS-149-ITAT-2017(DEL)-TP
  • Tax Payer : SIS Live
Income tax Appellate Tribunal

ITAT: Rule 10B permits adjustment to tested-party's PLI; Eliminates abnormal forex-loss from operating costs

  • In Favour of Both, Partially
  • Citation Number : TS-148-ITAT-2017(Mum)-TP
  • Tax Payer : Pangea3 & Legal Database Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Over 20% sales from 2 customers constitutes 'dominant influence'; Upholds AE relationship

  • In Favour of Both, Partially
  • Citation Number : TS-147-ITAT-2017(CHNY)-TP
  • Tax Payer : Hospira Healthcare India Private Limited