Rulings ( 11976 results )

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Income tax Appellate Tribunal

ITAT: Directs working capital adjustment computation considering segmental position for software development/ITES

  • In Favour of Assessee
  • Citation Number : TS-1063-ITAT-2016(DEL)-TP
  • Tax Payer : Ut Starcom Inc (India Branch)
Income tax Appellate Tribunal

ITAT: Directs AO/TPO to examine assessee’s comparables submitted through additional ground

  • In Favour of Both, Partially
  • Citation Number : TS-1062-ITAT-2016(CHNY)-TP
  • Tax Payer : Harland Clarke Holdings Software India Private Limited
Income tax Appellate Tribunal

ITAT: Upholds AE-relationship between family-owned entities; Sec. 92C-proviso benefit allowable on coffee board prices

  • In Favour of Both, Partially
  • Citation Number : TS-1061-ITAT-2016(Bang)-TP
  • Tax Payer : General Commodities Ltd
Income tax Appellate Tribunal

ITAT: Rejects internal-TNMM , notes divestiture of non-AE business

  • In Favour of Assessee
  • Citation Number : TS-13-ITAT-2017(Bang)-TP
  • Tax Payer : E4E Business Solutions India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds TP-adjustment deletion on buy-back of shares, rejects investment re-characterization as loan

  • In Favour of Assessee
  • Citation Number : TS-12-ITAT-2017(Mum)-TP
  • Tax Payer : Patel Engineering Ltd
Income tax Appellate Tribunal

ITAT: Upholds Mould-Tech exclusion; Notes functional dissimilarity, merger/demerger during the year

  • In Favour of Assessee
  • Citation Number : TS-1060-ITAT-2016(DEL)-TP
  • Tax Payer : Evalueserve.com Pvt Ltd
Income tax Appellate Tribunal

ITAT: Losses in 3 consecutive FYs including transaction year relevant for 'consistent loss-maker'

  • In Favour of Revenue
  • Citation Number : TS-1058-ITAT-2016(PUN)-TP
  • Tax Payer : Carraro Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-issues of sale of investment, corporate guarantee and IT-services for reconsideration

  • In Favour of Both, Partially
  • Citation Number : TS-11-ITAT-2017(COCH)-TP
  • Tax Payer : Apollo Tyres Ltd
Income tax Appellate Tribunal

ITAT: Adjudicates comparables’ selection for assessee’s investment advisory services and ITeS segments

  • In Favour of Assessee
  • Citation Number : TS-10-ITAT-2017(Mum)-TP
  • Tax Payer : Goldman Sachs India Securities Private Limited
Income tax Appellate Tribunal

ITAT: Winding-up of dormant subsidiary not ‘extraordinary event’ impacting profits; Rejects comparable exclusion

  • In Favour of Both, Partially
  • Citation Number : TS-1057-ITAT-2016(HYD)-TP
  • Tax Payer : Hyundai Motor India Engineering Private Limited
Income tax Appellate Tribunal

ITAT: Upholds entity-level TNMM for R&D & management fee absent reliable comparable under CUP

  • In Favour of Assessee
  • Citation Number : TS-1056-ITAT-2016(CHNY)-TP
  • Tax Payer : Durr India Private Limited
High Court

HC: Rule 10B(2) parameters ‘exhaustive’; Excluding loss-making comparables without examining comparability unjustified

  • In Favour of Assessee
  • Citation Number : TS-9-HC-2017(BOM)-TP
  • Tax Payer : Welspun Zucchi Textiles Ltd
Income tax Appellate Tribunal

ITAT: Adopts arm’s length interest rate of LIBOR+2% or 7%, whichever is higher

  • In Favour of Both, Partially
  • Citation Number : TS-8-ITAT-2017(HYD)-TP
  • Tax Payer : Dr Reddy’s Laboratories Limited
Income tax Appellate Tribunal

ITAT: Quashes reassessment absent fresh, tangible material; Confirms DRP’s power to annul assessment

  • In Favour of Assessee
  • Citation Number : TS-1055-ITAT-2016(PUN)-TP
  • Tax Payer : Sandvik Information Technology AB
Income tax Appellate Tribunal

ITAT: Dismisses cross appeals considering MAP resolution; Revenue at liberty to file appeal

  • In Favour of Both, Partially
  • Citation Number : TS-1054-ITAT-2016(PUN)-TP
  • Tax Payer : Symantec Software India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on LNG-import, upholds comparability with PSUs; Follows subsequent year ruling

  • In Favour of Assessee
  • Citation Number : TS-1053-ITAT-2016(Ahd)-TP
  • Tax Payer : Hazira LNG Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits issue of international transaction existence for AMP-expenses; Deletes interest-adjustment on FCDs

  • In Favour of Assessee
  • Citation Number : TS-1052-ITAT-2016(DEL)-TP
  • Tax Payer : Bacardi India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds DRP’s exclusion of 2 functionally dissimilar comparables for investment advisory service-provider

  • In Favour of Assessee
  • Citation Number : TS-1-ITAT-2017(Mum)-TP
  • Tax Payer : AGM India Advisors Private Limited
Income tax Appellate Tribunal

ITAT:Deletes Sec 37 disallowance on support-services rendered by AE; Reject AO’s Nil-ALP determination

  • In Favour of Assessee
  • Citation Number : TS-1051-ITAT-2016(PUN)-TP
  • Tax Payer : Eaton Industries Manufacturing GmbH
Income tax Appellate Tribunal

ITAT: No AE relationship between family owned entities absent fulfillment of Sec. 92A(2) conditions

  • In Favour of Assessee
  • Citation Number : TS-7-ITAT-2017(Ahd)-TP
  • Tax Payer : Veer Gems