Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT:Allows assessee’s miscellaneous petition to adjudicate functional similarity of comparable companies

  • In Favour of Assessee
  • Citation Number : TS-108-ITAT-2017(Bang)-TP
  • Tax Payer : Maxim India Integrated Circuit Design Pvt Ltd
Income tax Appellate Tribunal

ITAT:TPO's ALP-determination under TNMM lacks logic; Questions rejection of external quotes

  • In Favour of Assessee
  • Citation Number : TS-107-ITAT-2017(HYD)-TP
  • Tax Payer : JT International India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds profit-attribution on marketing activities of Indian-PE; ‘Force of attraction’ principle inapplicable

  • In Favour of Both, Partially
  • Citation Number : TS-106-ITAT-2017(DEL)-TP
  • Tax Payer : Nipro India Corporation Pvt Ltd
Income tax Appellate Tribunal

ITAT: Considers raw-material provided by AE as pass-through cost for computing GP margin

  • In Favour of Both, Partially
  • Citation Number : TS-105-ITAT-2017(DEL)-TP
  • Tax Payer : Akon Electronics India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment on delayed AE-receivables absent clarity on exact nature of receivables

  • In Favour of Both, Partially
  • Citation Number : TS-104-ITAT-2017(DEL)-TP
  • Tax Payer : Exl Service.Com India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds TP-adjustment on outstanding AE-receivables considering ‘potential loss’ of income to assessee

  • In Favour of Revenue
  • Citation Number : TS-103-ITAT-2017(CHNY)-TP
  • Tax Payer : Professional Access Software Development Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes Rs. 14 Cr AMP adjustment absent agreement for promoting ‘Nippon’ brand in India

  • In Favour of Both, Partially
  • Citation Number : TS-102-ITAT-2017(CHNY)-TP
  • Tax Payer : Nippon Paint India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 5 comparables for assessee rendering investment advisory services; Includes loss-making comparables

  • In Favour of Both, Partially
  • Citation Number : TS-101-ITAT-2017(Mum)-TP
  • Tax Payer : TPG Capital India Pvt ltd
Income tax Appellate Tribunal

ITAT: Rejects benchmarking of export of shrimps under CUP using controlled transaction

  • In Favour of Assessee
  • Citation Number : TS-100-ITAT-2017(COCH)-TP
  • Tax Payer : HIC ABF Special Foods pvt ltd
Income tax Appellate Tribunal

ITAT:Holds SIA/RBI approved royalty at ALP; Relies upon Bom-HC ruling in SGS

  • In Favour of Both, Partially
  • Citation Number : TS-99-ITAT-2017(PUN)-TP
  • Tax Payer : Spicer India Limited
Income tax Appellate Tribunal

ITAT: Upholds exclusion of comparables citing 2 year losses & turnover below Rs.1 Cr

  • In Favour of Assessee
  • Citation Number : TS-98-ITAT-2017(CHNY)-TP
  • Tax Payer : GE Converteam EDC Private Limited
Income tax Appellate Tribunal

ITAT:Remits custom-duty adjustment for Auto Components manufacturer in initial stages of operation

  • In Favour of Both, Partially
  • Citation Number : TS-97-ITAT-2017(CHNY)-TP
  • Tax Payer : Doowon Automotive Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables for software development and technical support service provider

  • In Favour of Assessee
  • Citation Number : TS-96-ITAT-2017(CHNY)-TP
  • Tax Payer : Symantec Software and Services
Income tax Appellate Tribunal

ITAT: Excludes 14 comparables citing functional dissimilarity, huge turnover and unreliable financials

  • In Favour of Both, Partially
  • Citation Number : TS-95-ITAT-2017(Bang)-TP
  • Tax Payer : Sharp Software Development India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Prefers RPM over CUP/TNMM for benchmarking Swarovski’s crystal imports; Remits AMP issue

  • In Favour of Both, Partially
  • Citation Number : TS-94-ITAT-2017(DEL)-TP
  • Tax Payer : Swarovski India Private Limited
Income tax Appellate Tribunal

ITAT:Remits intra-group services issue to TPO for analyzing evidence filed by assessee

  • In Favour of Both, Partially
  • Citation Number : TS-93-ITAT-2017(Bang)-TP
  • Tax Payer : Safran Engineering Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits capacity utilization adjustment following succeeding year decision in assessee’s own case

  • In Favour of Assessee
  • Citation Number : TS-92-ITAT-2017(Bang)-TP
  • Tax Payer : Molex India Tooling Pvt Ltd
Income tax Appellate Tribunal

ITAT:Prefers RPM over CUP/TNMM for benchmarking Swarovski’s crystal imports; Follows earlier-AY order

  • In Favour of Both, Partially
  • Citation Number : TS-91-ITAT-2017(DEL)-TP
  • Tax Payer : Swarovski India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes comparable citing significant RPT & different FY ending, accepts netting-off of expenses-recovery

  • In Favour of Both, Partially
  • Citation Number : TS-90-ITAT-2017(PUN)-TP
  • Tax Payer : Bobst India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes comparables due to functional dissimilarity, segmental details unavailability; Upholds 15% RPT-filter

  • In Favour of Both, Partially
  • Citation Number : TS-89-ITAT-2017(Bang)-TP
  • Tax Payer : Yodlee Infotech Pvt Ltd