Rulings ( 11976 results )

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High Court

HC: Refuses to quash reopening based on earlier year TP-adjustment; Powers u/s 147 wide

  • In Favour of Revenue
  • Citation Number : TS-68-HC-2017(DEL)-TP
  • Tax Payer : Magneti Marelli Powertrain India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparable with significant IPR, non-availability of nature/profile of IPR irrelevant

  • In Favour of Assessee
  • Citation Number : TS-67-ITAT-2017(Kol)-TP
  • Tax Payer : Philips India Ltd
Income tax Appellate Tribunal

ITAT: Adjudicates comparables selection in ITeS; Deletes TP-addition on preference shares subscription/redemption

  • In Favour of Assessee
  • Citation Number : TS-66-ITAT-2017(Mum)-TP
  • Tax Payer : Aegis Limited
Income tax Appellate Tribunal

ITAT: Remits corporate services payment transaction following earlier year order

  • In Favour of Both, Partially
  • Citation Number : TS-65-ITAT-2017(Mum)-TP
  • Tax Payer : Huntsman International India Private Limited
Income tax Appellate Tribunal

ITAT: Applies MAP-approved margin on transactions with US-entities to Non-US entities; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-64-ITAT-2017(Mum)-TP
  • Tax Payer : J P Morgan Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes adjustment on AMP expenses and export of foreign currency; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-63-ITAT-2017(Mum)-TP
  • Tax Payer : Thomas Cook India Limited
Income tax Appellate Tribunal

ITAT:DRP direction to TPO to calculate risk adjustment percentage, beyond Sec 144C jurisdiction

  • In Favour of Revenue
  • Citation Number : TS-62-ITAT-2017(CHNY)-TP
  • Tax Payer : India Trimmings Private Limited
High Court

HC: Confirms ITAT’s ruling deleting guarantee fee adjustment; Follows Everest Kanto decision

  • In Favour of Assessee
  • Citation Number : TS-61-HC-2017(BOM)-TP
  • Tax Payer : Glenmark Pharmaceuticals Ltd
Income tax Appellate Tribunal

ITAT:AMP not international transaction absent arrangement with AE, follows Bausch & Lomb ruling

  • In Favour of Assessee
  • Citation Number : TS-60-ITAT-2017(CHANDI)-TP
  • Tax Payer : Widex India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes reassessment beyond 4 years absent allegation regarding non-disclosure of material facts

  • In Favour of Assessee
  • Citation Number : TS-59-ITAT-2017(DEL)-TP
  • Tax Payer : Coca Cola India Inc
Income tax Appellate Tribunal

ITAT: Grants PE relief; Cites BEPS Action 7 & supremacy of establishing contract conclusion authority

  • In Favour of Both, Partially
  • Citation Number : TS-58-ITAT-2017(DEL)-TP
  • Tax Payer : Net App BV
Income tax Appellate Tribunal

ITAT: Grants risk and depreciation adjustment following precedents; Rules on comparable selection

  • In Favour of Assessee
  • Citation Number : TS-57-ITAT-2017(Bang)-TP
  • Tax Payer : Outsource Partners International Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects 'headcount' based cost allocation, non-consideration of staff position distorts results

  • In Favour of Both, Partially
  • Citation Number : TS-56-ITAT-2017(DEL)-TP
  • Tax Payer : Fujitsu India Ltd
High Court

HC:Deletes royalty adjustment without alternative TP-analysis, rejects TPO's 'unbridled exercise of power'

  • In Favour of Assessee
  • Citation Number : TS-1091-HC-2016(AP)-TP
  • Tax Payer : RAK Ceramics India Private Limited
Income tax Appellate Tribunal

ITAT: ‘Bodhtree Consulting Ltd’ functionally similar; Rejects assessee’s plea for exclusion

  • In Favour of Revenue
  • Citation Number : TS-55-ITAT-2017(Bang)-TP
  • Tax Payer : Narus Networks Private Limited
Income tax Appellate Tribunal

ITAT: Excludes comparables for assessee's software consultancy and BPO services; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-54-ITAT-2017(PUN)-TP
  • Tax Payer : Systime Global Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: TPO-reference absent Sec. 143(2) notice invalid; Quashes re-assessment based on TPO order

  • In Favour of Assessee
  • Citation Number : TS-53-ITAT-2017(PUN)-TP
  • Tax Payer : Magic Software Enterprises India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ‘Nil’ ALP-determination for intra-group services following earlier year’s order

  • In Favour of Assessee
  • Citation Number : TS-52-ITAT-2017(Bang)-TP
  • Tax Payer : SKF Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Directs TPO to conduct fresh comparables search, considers contradictory submissions by parties

  • In Favour of Both, Partially
  • Citation Number : TS-51-ITAT-2017(PUN)-TP
  • Tax Payer : eGain Communications Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs consideration of assessee's claim that TP-adjustment exceeded AE's share of revenue

  • In Favour of Assessee
  • Citation Number : TS-50-ITAT-2017(PUN)-TP
  • Tax Payer : Synechron Technologies Private Limited