Rulings ( 11978 results )

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Income tax Appellate Tribunal

ITAT: Includes advance from AE for working capital adjustment considering bearing on profitability

  • In Favour of Both, Partially
  • Citation Number : TS-1016-ITAT-2016(Bang)-TP
  • Tax Payer : CGI Information System & Management Consultant Pvt Ltd
Income tax Appellate Tribunal

ITAT:Company providing anti-money laundering services functionally different from support-services provider

  • In Favour of Assessee
  • Citation Number : TS-1015-ITAT-2016(CHNY)-TP
  • Tax Payer : Watanmal India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects profit-attribution to Mauritian company considering arm's length remuneration to Indian subsidiary

  • In Favour of Assessee
  • Citation Number : TS-1014-ITAT-2016(Mum)-TP
  • Tax Payer : Taj TV Ltd
High Court

HC: Allows adjustment in comparables’ margin considering strike in assessee company

  • In Favour of Both, Partially
  • Citation Number : TS-1013-HC-2016(P & H)-TP
  • Tax Payer : Honda Motorcycle & Scooters India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects DRP-direction for ALP-computation considering 2 comparables; ‘Reasonable’ comparables set required under TNMM

  • In Favour of Assessee
  • Citation Number : TS-1012-ITAT-2016(HYD)-TP
  • Tax Payer : Worley Parsons India Pvt Ltd
High Court

HC:ITAT observations rejecting pass-through cost exclusions not binding / conclusive for later years

  • In Favour of Both, Partially
  • Citation Number : TS-1011-HC-2016(DEL)-TP
  • Tax Payer : Fritidsresor Tours & Travels India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Excludes comparables relying on earlier year rulings; Applies 10 times turnover filter

  • In Favour of Assessee
  • Citation Number : TS-1010-ITAT-2016(Bang)-TP
  • Tax Payer : Broadcom India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables due to functional dissimilarity & application of 10 times turnover filter

  • In Favour of Both, Partially
  • Citation Number : TS-1009-ITAT-2016(Bang)-TP
  • Tax Payer : Cypress Semiconductors Technology India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s selective plea for excluding low turnover comparable; Follows Nortel HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-1008-ITAT-2016(Mum)-TP
  • Tax Payer : Golawala Diamonds
High Court

HC: Confirms ITAT’s exclusion of functionally different comparables although originally included in TP-study

  • In Favour of Assessee
  • Citation Number : TS-1007-HC-2016(BOM)-TP
  • Tax Payer : Tata Power Solar Systems Ltd
Income tax Appellate Tribunal

ITAT: Dismisses stay petition considering disposal of main appeal

  • In Favour of Assessee
  • Citation Number : TS-1006-ITAT-2016(Bang)-TP
  • Tax Payer : Lenovo India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables for ITeS provider, allows working-capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-1005-ITAT-2016(HYD)-TP
  • Tax Payer : BA Continuum India Private Limited
Income tax Appellate Tribunal

ITAT: Directs TPO to compute operating margin before depreciation for assessee & comparables

  • In Favour of Assessee
  • Citation Number : TS-1004-ITAT-2016(HYD)-TP
  • Tax Payer : Cambridge Technology Enterprises Ltd
Income tax Appellate Tribunal

ITAT:Bright line test applicability to brand promotion expenditure debatable; Deletes concealment penalty

  • In Favour of Assessee
  • Citation Number : TS-1003-ITAT-2016(CHNY)-TP
  • Tax Payer : Panasonic India Pvt Ltd
Foreign Court

FC: 45 key takeaways from European Commission's Apple State aid ruling

  • In Favour of Revenue
  • Citation Number : TS-1130-FC-2016(IRL)-TP
  • Tax Payer : Apple
Income tax Appellate Tribunal

ITAT: Remits all issues to DRP for fresh consideration absent proper adjudication

  • In Favour of Assessee
  • Citation Number : TS-1002-ITAT-2016(CHNY)-TP
  • Tax Payer : Doosan Power Systems India Pvt Limited
Income tax Appellate Tribunal

ITAT: TPO to follow DRP-instructions directing comparable inclusion despite higher working capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-1001-ITAT-2016(Bang)-TP
  • Tax Payer : Symbol Technologies India Pvt Ltd
High Court

HC:Confirms ITAT-order deleting TP-adjustment; Sec153A proceedings invalid absent incriminating material

  • In Favour of Assessee
  • Citation Number : TS-1000-HC-2016(DEL)-TP
  • Tax Payer : Baba Global Ltd
Income tax Appellate Tribunal

ITAT:Quashes assessment, AO crystallized demand before passing draft-order as per Sec 144C provisions

  • In Favour of Assessee
  • Citation Number : TS-998-ITAT-2016(PUN)-TP
  • Tax Payer : Soktas India Pvt Ltd
Foreign Court

FC: EC releases Apple state aid ruling

  • In Favour of Revenue
  • Citation Number : TS-1129-FC-2016(IRL)-TP
  • Tax Payer : Apple