Rulings ( 11978 results )

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Income tax Appellate Tribunal

ITAT: Non-reporting attracts Sec 271AA penalty despite no TP-adjustment; Terms assessee's behaviour as 'quizzical'

  • In Favour of Both, Partially
  • Citation Number : TS-931-ITAT-2016(CHNY)-TP
  • Tax Payer : Indian Additives Limited
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on loan to 'sick' subsidiary absent comparable transaction for benchmarking

  • In Favour of Assessee
  • Citation Number : TS-930-ITAT-2016(CHNY)-TP
  • Tax Payer : Ucal Fuel Systems Ltd
High Court

HC: Dismisses Revenue's appeal on selection of comparables for investment advisory service provider

  • In Favour of Assessee
  • Citation Number : TS-928-HC-2016(BOM)-TP
  • Tax Payer : Temasek Holdings Advisors India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparable selection for software development/ design engineering services

  • In Favour of Assessee
  • Citation Number : TS-927-ITAT-2016(PUN)-TP
  • Tax Payer : John Deere India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts non-operating claim for expenses of business unit after cessation of operations

  • In Favour of Both, Partially
  • Citation Number : TS-925-ITAT-2016(Bang)-TP
  • Tax Payer : Business Process Outsourcing (India ) Pvt Ltd
Income tax Appellate Tribunal

ITAT: CIT(A)'s order setting aside comparable issue beyond Sec 251(1)(a) mandate, remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-924-ITAT-2016(Bang)-TP
  • Tax Payer : Broadcom India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Admits additional ground on comparability to issue relying on Quark System SB-ruling

  • In Favour of Both, Partially
  • Citation Number : TS-923-ITAT-2016(Bang)-TP
  • Tax Payer : TE Connectivity Global Shared Services
Income tax Appellate Tribunal

ITAT: Remits working capital adjustment issue to consider allocation of common creditors

  • In Favour of Assessee
  • Citation Number : TS-922-ITAT-2016(Bang)-TP
  • Tax Payer : Marlabs Software Pvt Ltd
Income tax Appellate Tribunal

ITAT:Dismantles Shell's Article 9 armoury against TP applicability to non-residents

  • In Favour of Revenue
  • Citation Number : TS-921-ITAT-2016(Ahd)-TP
  • Tax Payer : Shell Global Solutions International BV
Income tax Appellate Tribunal

ITAT: Accepts foreign-AE as tested party for outbound consignments absent appropriate Indian comparables

  • In Favour of Assessee
  • Citation Number : TS-920-ITAT-2016(Bang)-TP
  • Tax Payer : TNT India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds reference made to TPO after due approval; Remits combined benchmarking issue

  • In Favour of Both, Partially
  • Citation Number : TS-919-ITAT-2016(Bang)-TP
  • Tax Payer : Sealed Air (India) P Ltd
Income tax Appellate Tribunal

ITAT: Grants stay extension; Delay in appeal disposal not attributable to assessee

  • In Favour of Assessee
  • Citation Number : TS-918-ITAT-2016(Bang)-TP
  • Tax Payer : The Himalaya Drug Co
Income tax Appellate Tribunal

ITAT: DRP jurisdiction not restricted to “original” draft assessment order, rejects Sec 144C(1) interpretation

  • In Favour of Both, Partially
  • Citation Number : TS-917-ITAT-2016(Bang)-TP
  • Tax Payer : Fosroc Chemicals (India) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Excludes Motilal Oswal, IDFC and ICRA-O as comparables for investment advisory service provider

  • In Favour of Assessee
  • Citation Number : TS-916-ITAT-2016(Mum)-TP
  • Tax Payer : Arisaig Partners (India) Private Limited
Income tax Appellate Tribunal

ITAT:Directs application of TNMM over TPO’s CPM as MAM; Follows subsequent years’ orders

  • In Favour of Assessee
  • Citation Number : TS-915-ITAT-2016(Bang)-TP
  • Tax Payer : GE BE Private Ltd
Income tax Appellate Tribunal

ITAT:Grants stay extension; Delay in appeal disposal not attributable to assessee

  • In Favour of Assessee
  • Citation Number : TS-914-ITAT-2016(Bang)-TP
  • Tax Payer : GE Intelligent Platforms Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 3 functionally dissimilar comparables for investment advisor; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-912-ITAT-2016(Mum)-TP
  • Tax Payer : Mount Kellet Capital Management India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Quashes DRP-dismissal; Filing only a scanned copy of Form 35A, a curable defect

  • In Favour of Assessee
  • Citation Number : TS-911-ITAT-2016(Mum)-TP
  • Tax Payer : MSM Satellite (Singapore) Pte Ltd
Income tax Appellate Tribunal

ITAT: Corporate guarantee an 'international transaction' having bearing on assets; Distinguishes Siro Clinpharm ruling

  • In Favour of Both, Partially
  • Citation Number : TS-910-ITAT-2016(Bang)-TP
  • Tax Payer : Xchanging Solutions Ltd
Income tax Appellate Tribunal

ITAT:Allows comparability adjustments in employee cost, depreciation and rental charges; Remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-909-ITAT-2016(Bang)-TP
  • Tax Payer : Safran Aerospace India Pvt Ltd