Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT: Rules on comparable selection for assessee's software development & marketing support service

  • In Favour of Both, Partially
  • Citation Number : TS-49-ITAT-2017(PUN)-TP
  • Tax Payer : TIBCO Software India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Assessee's 'auction sale' and 'private sale' segments functionally different, rejects combined benchmarking

  • In Favour of Both, Partially
  • Citation Number : TS-48-ITAT-2017(Kol)-TP
  • Tax Payer : Tata Global Beverages Ltd
Income tax Appellate Tribunal

ITAT: Excludes Infosys & L&T Infotech applying turnover filter of 10 times assessee’s turnover

  • In Favour of Assessee
  • Citation Number : TS-47-ITAT-2017(Bang)-TP
  • Tax Payer : Arowana Consulting Pvt Ltd
Income tax Appellate Tribunal

ITAT:Recalls order dismissing appeal ex-parte, holds assessee had reasonable cause for non-appearance

  • In Favour of Assessee
  • Citation Number : TS-46-ITAT-2017(Bang)-TP
  • Tax Payer : Merck Life Science Pvt Ltd
Income tax Appellate Tribunal

ITAT:Confirms exclusion of 14 comparables citing functional dissimilarity, RPT/Turnover filter

  • In Favour of Assessee
  • Citation Number : TS-1089-ITAT-2016(Bang)-TP
  • Tax Payer : Nvidia Graphics Pvt Ltd
Income tax Appellate Tribunal

ITAT:Grants stay to Mindteck India subject to part payment, schedules early hearing

  • In Favour of Both, Partially
  • Citation Number : TS-1088-ITAT-2016(Bang)-TP
  • Tax Payer : Mindteck India Limited
Income tax Appellate Tribunal

ITAT: Excludes 9 comparables for ITeS provider; Negative working-capital adjustment unsustainable

  • In Favour of Both, Partially
  • Citation Number : TS-45-ITAT-2017(HYD)-TP
  • Tax Payer : TNS India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes functionally different comparables for investment-advisory provider; Acknowledges persuasive value of APA

  • In Favour of Both, Partially
  • Citation Number : TS-44-ITAT-2017(Mum)-TP
  • Tax Payer : Warburg Pincus India pvt ltd
Income tax Appellate Tribunal

ITAT:Confirms CIT(A)-order, rejects PLR for benchmarking interest on foreign currency loan

  • In Favour of Assessee
  • Citation Number : TS-1087-ITAT-2016(Bang)-TP
  • Tax Payer : Steer Engineering Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds TP-grounds in cross appeals as infructuous considering MAP resolution

  • In Favour of Both, Partially
  • Citation Number : TS-1086-ITAT-2016(Bang)-TP
  • Tax Payer : Northern Operating Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants market risk adjustment; Excludes Celestial Biolab due to functional dissimilarity

  • In Favour of Both, Partially
  • Citation Number : TS-1085-ITAT-2016(Bang)-TP
  • Tax Payer : IDS Software Solutions India Pvt Ltd
High Court

HC: Confirms ITAT's rejection of capacity under-utilization adjustment, distinguishes Knorr Bremse ruling

  • In Favour of Revenue
  • Citation Number : TS-43-HC-2017(BOM)-TP
  • Tax Payer : Royal Star Jewellery Pvt Ltd
Income tax Appellate Tribunal

ITAT: Retains functionally similar company for IT-services provider, rejects extraordinary event/fluctuating revenues argument

  • In Favour of Assessee
  • Citation Number : TS-42-ITAT-2017(HYD)-TP
  • Tax Payer : Intoto Software India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes penalty u/s 271G absent notice u/s 92D(3) requiring assessee to submit documents

  • In Favour of Assessee
  • Citation Number : TS-41-ITAT-2017(HYD)-TP
  • Tax Payer : Transport Corporation of India Limited
Income tax Appellate Tribunal

ITAT: Excludes KALS Information Systems and Thirdware Solutions citing functional dissimilarity

  • In Favour of Assessee
  • Citation Number : TS-40-ITAT-2017(PUN)-TP
  • Tax Payer : Approva Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 9 comparables for software service provider company; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-39-ITAT-2017(Mum)-TP
  • Tax Payer : CA India Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-addition on undercharged share premium following earlier year order

  • In Favour of Assessee
  • Citation Number : TS-38-ITAT-2017(Mum)-TP
  • Tax Payer : MSC Crewing Services Private Limited
Income tax Appellate Tribunal

ITAT: Excludes Comparables citing functional dissimilarity; Upholds 15% RPT filter

  • In Favour of Both, Partially
  • Citation Number : TS-1083-ITAT-2016(Bang)-TP
  • Tax Payer : Target Corporation of India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 2 functionally dissimilar comparables for software development service provider, follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1082-ITAT-2016(Bang)-TP
  • Tax Payer : Yodlee Infotech Private Limited
Income tax Appellate Tribunal

ITAT: Applies 75% export turnover filter; Directs working capital adjustment at actual without restriction

  • In Favour of Assessee
  • Citation Number : TS-37-ITAT-2017(Bang)-TP
  • Tax Payer : Goldman Sachs Services P Ltd