Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT:Excludes comparables citing functional dissimilarity; Grants market risk adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-1072-ITAT-2016(Bang)-TP
  • Tax Payer : IDS Software Solutions India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue's appeal against exclusion of 6 comparables in case of IT/ITes-provider

  • In Favour of Assessee
  • Citation Number : TS-1071-ITAT-2016(PUN)-TP
  • Tax Payer : PTC Software India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects TPO's 100 loan syndication fee allocation to assessee; Follows Credit Lyonnais ratio

  • In Favour of Both, Partially
  • Citation Number : TS-24-ITAT-2017(Mum)-TP
  • Tax Payer : RBS Financial Services India Pvt Ltd
High Court

HC: Rejects Nil ALP-determination for advertisement expenses reimbursement; Sec 37 disallowance beyond TPO's jurisdiction

  • In Favour of Assessee
  • Citation Number : TS-23-HC-2017(BOM)-TP
  • Tax Payer : Lever India Exports Ltd
Income tax Appellate Tribunal

ITAT:TP-adjustment pursuant to search unsustainable absent incriminating material, follows earlier year orders

  • In Favour of Assessee
  • Citation Number : TS-1070-ITAT-2016(DEL)-TP
  • Tax Payer : Baba Global Limited
Income tax Appellate Tribunal

ITAT:Upholds reassessment; TP-analysis in Indian Co's hand doesn't reflect LO's actual activities

  • In Favour of Revenue
  • Citation Number : TS-22-ITAT-2017(DEL)-TP
  • Tax Payer : GE Energy Parts Inc
High Court

HC:Reopening to disallow ESOP-cost of AE's shares prima-facie without jurisdiction; Admits writ

  • In Favour of Assessee
  • Citation Number : TS-21-HC-2017(BOM)-TP
  • Tax Payer : DSP Merrill Lynch Ltd
Income tax Appellate Tribunal

ITAT: Rejects multiple-year data use, absent data demonstrating profit fluctuation due to project-phases

  • In Favour of Both, Partially
  • Citation Number : TS-20-ITAT-2017(DEL)-TP
  • Tax Payer : Flour Daniel India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Can’t consider forex gains as operating income without ascertaining business nexus

  • In Favour of Both, Partially
  • Citation Number : TS-19-ITAT-2017(Bang)-TP
  • Tax Payer : Symbol Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects combined benchmarking for onsite/offsite software services, follows earlier order

  • In Favour of Revenue
  • Citation Number : TS-1069-ITAT-2016(PUN)-TP
  • Tax Payer : SAS Research & Development India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Can’t consider Forex-gain pertaining to earlier-year turnover as operating income

  • In Favour of Revenue
  • Citation Number : TS-1068-ITAT-2016(Bang)-TP
  • Tax Payer : Synova Innovative Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Considers Forex-gains as operating income; Notes similar treatment in APA/ earlier assessment

  • In Favour of Assessee
  • Citation Number : TS-18-ITAT-2017(DEL)-TP
  • Tax Payer : RBS India Development Centre Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds CIT(A) order directing application of Rs. 1-200 Crs turnover filter

  • In Favour of Assessee
  • Citation Number : TS-1067-ITAT-2016(PUN)-TP
  • Tax Payer : Billion Hands Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT:Intra-group expenses not disallowable merely for non-payment in earlier years, documentary evidence relevant

  • In Favour of Both, Partially
  • Citation Number : TS-17-ITAT-2017(Mum)-TP
  • Tax Payer : RBS Equities India Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-addition on CCDs denominated in Indian currency; Rejects LIBOR+2% benchmark

  • In Favour of Assessee
  • Citation Number : TS-16-ITAT-2017(HYD)-TP
  • Tax Payer : ADAMA India Private Limited
High Court

HC:Remits AMP-issue to ITAT for comprehensive decision on existence of international transaction

  • In Favour of Both, Partially
  • Citation Number : TS-15-HC-2017(DEL)-TP
  • Tax Payer : Le Passage To India Tour & Travels P Ltd
Income tax Appellate Tribunal

ITAT: Extends stay for Google India for AY 2013-14; Appeal delay not attributable to assessee

  • In Favour of Assessee
  • Citation Number : TS-1066-ITAT-2016(Bang)-TP
  • Tax Payer : Google India Private Limited
Income tax Appellate Tribunal

ITAT: Grants depreciation adjustment and excludes comparable following earlier orders

  • In Favour of Assessee
  • Citation Number : TS-14-ITAT-2017(Mum)-TP
  • Tax Payer : Advance Power Display Systems Limited
Income tax Appellate Tribunal

ITAT: Excludes 8 comparables on grounds of high turnover & functional dissimilarity

  • In Favour of Assessee
  • Citation Number : TS-1065-ITAT-2016(Bang)-TP
  • Tax Payer : Metric Stream Infotech
Income tax Appellate Tribunal

ITAT: CIT(A) to re-adjudicate foreign comparables after examining circumstances for inclusion in subsequent-years

  • In Favour of Revenue
  • Citation Number : TS-1064-ITAT-2016(DEL)-TP
  • Tax Payer : Timex Watches Ltd