Rulings ( 11978 results )

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Income tax Appellate Tribunal

ITAT: Deletes interest adjustment on AE-receivables considering assessee’ alternate plea, follows earlier ruling

  • In Favour of Assessee
  • Citation Number : TS-908-ITAT-2016(Mum)-TP
  • Tax Payer : Agilisys IT Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue appeal; Upholds CIT(A)’s deletion of TP-adjustment considering +/-5 tolerance benefit

  • In Favour of Assessee
  • Citation Number : TS-907-ITAT-2016(Bang)-TP
  • Tax Payer : EMC Data Storage Systems (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes interest adjustment on AE-receivables, assessee's margin after reducing interest, at ALP

  • In Favour of Assessee
  • Citation Number : TS-906-ITAT-2016(Mum)-TP
  • Tax Payer : Agilisys IT Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Dismisses appeal considering non-communication of new address by assessee for serving notice

  • In Favour of Revenue
  • Citation Number : TS-905-ITAT-2016(Bang)-TP
  • Tax Payer : Maxim India Integrated Circuit Design Pvt Ltd
Income tax Appellate Tribunal

ITAT:Sets aside CIT(A)’s non-speaking, cryptic order on comparables selection; Remits issue

  • In Favour of Assessee
  • Citation Number : TS-904-ITAT-2016(CHNY)-TP
  • Tax Payer : Trimble Information Technologies India Private Ltd
Income tax Appellate Tribunal

ITAT: Remits management-fees payment to verify additional evidence justifying service rendition by AE

  • In Favour of Assessee
  • Citation Number : TS-903-ITAT-2016(Bang)-TP
  • Tax Payer : DMG Mori Seiki India Machines and Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes interest adjustment on loan to AE; +/-5% benefit available regarding LIBOR

  • In Favour of Assessee
  • Citation Number : TS-902-ITAT-2016(CHNY)-TP
  • Tax Payer : Siva Industries & Holdings Ltd
Income tax Appellate Tribunal

ITAT: Remits comparables selection on sales to AE transaction; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-900-ITAT-2016(Ahd)-TP
  • Tax Payer : Weatherford Drilling & Production Services (India) Private Limited
Income tax Appellate Tribunal

ITAT: Cites MAP-resolution; Refuses adjudication on revised returns claiming higher mark-up & 10A deduction

  • In Favour of Revenue
  • Citation Number : TS-899-ITAT-2016(HYD)-TP
  • Tax Payer : Deloitte Support Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds assessee’s characterization as market research service provider over ITES-provider

  • In Favour of Assessee
  • Citation Number : TS-898-ITAT-2016(Mum)-TP
  • Tax Payer : Synovate India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits factual verification of depreciation adjustment as AO/TPO erred in following DRP-directions

  • In Favour of Assessee
  • Citation Number : TS-897-ITAT-2016(Mum)-TP
  • Tax Payer : Advance Power Display Systems Ltd
Income tax Appellate Tribunal

ITAT: ALP determination must, AE's low-tax jurisdiction irrelevant; Allows technical fees payment

  • In Favour of Assessee
  • Citation Number : TS-896-ITAT-2016(Rjt)-TP
  • Tax Payer : Woco Motherson Advanced Rubber Technologies Limited
Income tax Appellate Tribunal

ITAT:Restores TP-issue relating to software development services absent proper adjudication before DRP

  • In Favour of Both, Partially
  • Citation Number : TS-895-ITAT-2016(Bang)-TP
  • Tax Payer : Nvidia Graphics Pvt Ltd
Income tax Appellate Tribunal

ITAT:Restores manufacturing segment TP-issues back to AO citing cryptic DRP-order

  • In Favour of Both, Partially
  • Citation Number : TS-894-ITAT-2016(Bang)-TP
  • Tax Payer : Tyco Electronics Corporation India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-issues on comparables selection, depreciation & risk adjustment following own order

  • In Favour of Both, Partially
  • Citation Number : TS-893-ITAT-2016(Bang)-TP
  • Tax Payer : Infineon Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Mere fraud allegation without connection to business no reason to exclude comparable

  • In Favour of Both, Partially
  • Citation Number : TS-892-ITAT-2016(Bang)-TP
  • Tax Payer : Acusis Software India Pvt. Ltd
High Court

HC:TPO to consider segregation issue considering totality of facts & Sony Ericsson HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-891-HC-2016(DEL)-TP
  • Tax Payer : Agilent Technologies India Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Upholds DRP’s exclusion of comparable having low turnover vis-à-vis assessee’s Rs. 1000 cr turnover

  • In Favour of Assessee
  • Citation Number : TS-889-ITAT-2016(CHNY)-TP
  • Tax Payer : Wabco TVS Ltd
Income tax Appellate Tribunal

ITAT:Remits MAM selection for management fees transaction; Follows Knorr Bremse HC ruling

  • In Favour of Both, Partially
  • Citation Number : TS-888-ITAT-2016(CHNY)-TP
  • Tax Payer : Volex Interconnect India Private Ltd
Income tax Appellate Tribunal

ITAT: Directs recasting of financials for comparable following different accounting-period; Allows 1% risk-adjustment

  • In Favour of Assessee
  • Citation Number : TS-887-ITAT-2016(CHNY)-TP
  • Tax Payer : SSL TTK Ltd