Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT: Determines corporate-guarantee commission ALP at 0.5%, considers security coverage and risk factors

  • In Favour of Assessee
  • Citation Number : TS-127-ITAT-2017(Mum)-TP
  • Tax Payer : Videcon Industries Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-issue relating to interest-free loan provided to AE, follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-126-ITAT-2017(Bang)-TP
  • Tax Payer : Wipro Limited
Income tax Appellate Tribunal

ITAT: ‘Contract termination fee’ operating in nature for taxpayer rendering software development services

  • In Favour of Assessee
  • Citation Number : TS-125-ITAT-2017(HYD)-TP
  • Tax Payer : Invensys Development Centre India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Expenses incurred prior to grant of STPI registration preoperative; Excludes from PLI-computation

  • In Favour of Both, Partially
  • Citation Number : TS-124-ITAT-2017(PUN)-TP
  • Tax Payer : Amberpoint Technology India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables citing functional differences, abnormal profits and extraordinary events; Remits risk-adjustment

  • In Favour of Assessee
  • Citation Number : TS-1094-ITAT-2016(PUN)-TP
  • Tax Payer : Cummins Turbo Technologies Limited
Income tax Appellate Tribunal

ITAT: Directs TPO to consider turnover-filter in selecting comparables, remits issue for re-consideration

  • In Favour of Both, Partially
  • Citation Number : TS-123-ITAT-2017(CHNY)-TP
  • Tax Payer : Venture Power Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Recognizes need for capacity under-utilization adjustment due to labour unrest; Remits issue

  • In Favour of Assessee
  • Citation Number : TS-122-ITAT-2017(CHNY)-TP
  • Tax Payer : Bailey Hydropower P Ltd
Income tax Appellate Tribunal

ITAT: Grants raw-material cost adjustment to lubricant additives manufacturer, rejects transport cost adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-121-ITAT-2017(CHNY)-TP
  • Tax Payer : Indian Additives Ltd
Income tax Appellate Tribunal

ITAT:Grants adjustment toward risk & 'replacement' business-segment of comparable, remits computation to TPO

  • In Favour of Both, Partially
  • Citation Number : TS-120-ITAT-2017(CHNY)-TP
  • Tax Payer : Infac India P Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables due to functional dissimilarity, grants working capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-119-ITAT-2017(DEL)-TP
  • Tax Payer : St Ericsson India Private Limited
Income tax Appellate Tribunal

ITAT:Upholds RPM for benchmarking resale of finished goods at Delhi Airport

  • In Favour of Assessee
  • Citation Number : TS-118-ITAT-2017(Mum)-TP
  • Tax Payer : Airport Retail P Ltd
Income tax Appellate Tribunal

ITAT: Rejects CIT(A)’s ‘contemporary’ RPM; Admits AE’s March-ending financials as additional evidence

  • In Favour of Assessee
  • Citation Number : TS-117-ITAT-2017(Kol)-TP
  • Tax Payer : Development Consultants Ltd
Income tax Appellate Tribunal

ITAT:5 benefit allowable for transactions of authorized forex dealer, follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-116-ITAT-2017(Bang)-TP
  • Tax Payer : UAE Exchange and Financial Services Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables following different accounting year; Adopts 0.5% rate for benchmarking corporate-guarantee

  • In Favour of Assessee
  • Citation Number : TS-114-ITAT-2017(PUN)-TP
  • Tax Payer : Endurance Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Admits assessee's letter to SBI as additional evidence for ALP-determination of AE-loan

  • In Favour of Both, Partially
  • Citation Number : TS-113-ITAT-2017(Ahd)-TP
  • Tax Payer : Rubamin Ltd
Income tax Appellate Tribunal

ITAT: Remits assessee’s “half-hearted” claim for treating order-cancellation loss as extraordinary under CPM

  • In Favour of Both, Partially
  • Citation Number : TS-1092-ITAT-2016(DEL)-TP
  • Tax Payer : Cornell Overseas P Ltd
Income tax Appellate Tribunal

ITAT: Deletes intangibles TP-adjustment; Higher weightage to Indian business justified considering business potential

  • In Favour of Assessee
  • Citation Number : TS-112-ITAT-2017(Mum)-TP
  • Tax Payer : Global Payments Asia Pacific India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants conditional stay considering 15% demand paid and functionally dissimilar comparables

  • In Favour of Assessee
  • Citation Number : TS-111-ITAT-2017(Bang)-TP
  • Tax Payer : UEI Electronics Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s miscellaneous petition, recalls ITAT decision for AY 2008-09

  • In Favour of Assessee
  • Citation Number : TS-110-ITAT-2017(Bang)-TP
  • Tax Payer : Microchip Technology India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-issues involving royalty, trademark and interest, follows earlier year order

  • In Favour of Both, Partially
  • Citation Number : TS-109-ITAT-2017(Bang)-TP
  • Tax Payer : Wipro GE Health Care Pvt Ltd