Rulings ( 11978 results )

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Income tax Appellate Tribunal

ITAT:DRP to pass speaking order on profit attribution to Indian-PE of German-assessee

  • In Favour of Assessee
  • Citation Number : TS-955-ITAT-2016(CHNY)-TP
  • Tax Payer : Durr Systems Gmbh
Income tax Appellate Tribunal

ITAT: Remits adjustment towards interest on delayed AE-receivables to examine credit-period to non-AE

  • In Favour of Both, Partially
  • Citation Number : TS-954-ITAT-2016(Mum)-TP
  • Tax Payer : Shrenuj Gems & Jewellery Ltd
Income tax Appellate Tribunal

ITAT: Deletes Rs.3.19cr TP-adjustment on AE-expenditure reimbursement, no profit-element involved

  • In Favour of Assessee
  • Citation Number : TS-953-ITAT-2016(Mum)-TP
  • Tax Payer : Ness Technologies India Private Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s appeal against ex-party DRP order; Remits TP-issues for fresh consideration

  • In Favour of Assessee
  • Citation Number : TS-952-ITAT-2016(COCH)-TP
  • Tax Payer : Delphi Connection Systems India P Ltd
High Court

HC: Quashes TPO-reference on SDT; AO to pass speaking order on assessee's objection

  • In Favour of Assessee
  • Citation Number : TS-950-HC-2016(GUJ)-TP
  • Tax Payer : Alpha Nipon Innovatives Ltd
Income tax Appellate Tribunal

ITAT: Deletes penalty u/s 271AA, assessee made sufficient compliance for maintaining prescribed documentation

  • In Favour of Assessee
  • Citation Number : TS-949-ITAT-2016(Mum)-TP
  • Tax Payer : Cadbury Schweppes Overseas Ltd
High Court

HC:Upholds ITAT-order allowing intra-group services payment; Service rendition through oral communication possible

  • In Favour of Assessee
  • Citation Number : TS-948-HC-2016(P & H)-TP
  • Tax Payer : Max India Limited
Income tax Appellate Tribunal

ITAT: Rejects foreign AE as tested party absent relevant data regarding foreign comparables

  • In Favour of Both, Partially
  • Citation Number : TS-947-ITAT-2016(HYD)-TP
  • Tax Payer : Sutherland Healthcare Solutions Ltd
Income tax Appellate Tribunal

ITAT:DRP directions to TPO instead of AO a procedural defect; Rejects time-barring plea

  • In Favour of Assessee
  • Citation Number : TS-945-ITAT-2016(CHNY)-TP
  • Tax Payer : L & T Thales Technology Services Private Limited
Income tax Appellate Tribunal

ITAT: DRP-route inapplicable absent income-variation, tax-rate change irrelevant

  • In Favour of Revenue
  • Citation Number : TS-944-ITAT-2016(CHNY)-TP
  • Tax Payer : Mosbacher India LLC
Income tax Appellate Tribunal

ITAT: Explains 'influence' u/s 92A(2)(i), distribution partners not 'deemed AE' absent de facto control

  • In Favour of Assessee
  • Citation Number : TS-943-ITAT-2016(CHNY)-TP
  • Tax Payer : Orchid Pharma Ltd
Income tax Appellate Tribunal

ITAT:Remits guarantee TP-issue for verifying actual commission payment to bank

  • In Favour of Both, Partially
  • Citation Number : TS-941-ITAT-2016(CHNY)-TP
  • Tax Payer : Sundaram Fasteners Ltd
Income tax Appellate Tribunal

ITAT: Companies cannot be excluded merely for abnormal profits /losses, further examination necessary

  • In Favour of Both, Partially
  • Citation Number : TS-940-ITAT-2016(Bang)-TP
  • Tax Payer : Acusis Software India Pvt Ltd
Income tax Appellate Tribunal

ITAT:'Merger' not relevant factor for comparability for period beyond 2 succeeding AYs

  • In Favour of Assessee
  • Citation Number : TS-939-ITAT-2016(Ahd)-TP
  • Tax Payer : General Motors India Pvt Ltd
High Court

HC: ITAT to itself adjudicate 15 RPT-filter issue for AY 2002-03, overrules remand to AO/TPO

  • In Favour of Assessee
  • Citation Number : TS-938-HC-2016(DEL)-TP
  • Tax Payer : ICC India Pvt
Income tax Appellate Tribunal

ITAT: Excludes 2 functionally different entities as comparable for assessee's R&D related support services

  • In Favour of Assessee
  • Citation Number : TS-936-ITAT-2016(Mum)-TP
  • Tax Payer : Evonik Degussa India Private Limited
High Court

HC:Upholds ITAT’s remand of AMP transaction; RPM-applicability to be decided considering Sony HC-ruling

  • In Favour of Both, Partially
  • Citation Number : TS-935-HC-2016(DEL)-TP
  • Tax Payer : Haier Appliances India Ltd
Income tax Appellate Tribunal

ITAT:Dismisses assessee’s appeal for non-prosecution absent representation on hearing date

  • In Favour of Revenue
  • Citation Number : TS-934-ITAT-2016(Bang)-TP
  • Tax Payer : Karuturi Global Ltd
Income tax Appellate Tribunal

ITAT: Accepts LIBOR+3% interest on ECB considering higher borrowing cost in AE’s hands

  • In Favour of Assessee
  • Citation Number : TS-933-ITAT-2016(Mum)-TP
  • Tax Payer : Goodyear South Asia TyresPrivate Limited
Income tax Appellate Tribunal

ITAT: Can't extrapolate EKL-ruling to absolve taxpayer from substantiating commission payment; Confirms TP-addition

  • In Favour of Revenue
  • Citation Number : TS-932-ITAT-2016(CHNY)-TP
  • Tax Payer : Madura Coats Private Limited