Rulings ( 11978 results )

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Income tax Appellate Tribunal

ITAT: Remits issue relating to TP assessment framed on non-existent entity post amalgamation

  • In Favour of Assessee
  • Citation Number : TS-886-ITAT-2016(CHNY)-TP
  • Tax Payer : Siemens Limited
Income tax Appellate Tribunal

ITAT: Allows expenditure of Rs.1.81cr towards trademark license fees, follows earlier year ruling

  • In Favour of Assessee
  • Citation Number : TS-885-ITAT-2016(CHNY)-TP
  • Tax Payer : Redington India Ltd
High Court

HC:Stays Bacardi's Rs 33.65cr demand; Notes disapproval of Bright Line Test in Sony-ruling

  • In Favour of Assessee
  • Citation Number : TS-884-HC-2016(DEL)-TP
  • Tax Payer : Bacardi India Pvt. Ltd
High Court

HC: Dismisses Revenue’s appeal; ITAT findings deleting TP-adjustment on interest on loan, factual

  • In Favour of Both, Partially
  • Citation Number : TS-883-HC-2016(DEL)-TP
  • Tax Payer : UFO Moviez India Ltd
High Court

HC: Dismisses Revenue’s appeal in Sumitomo’s case, directs TPO to follow earlier order directions

  • In Favour of Assessee
  • Citation Number : TS-882-HC-2016(DEL)-TP
  • Tax Payer : Sumitomo Corporation India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adopts 10 times turnover filter rejecting Rs. 1-200 Cr range; Excludes comparables following precedents

  • In Favour of Assessee
  • Citation Number : TS-881-ITAT-2016(Bang)-TP
  • Tax Payer : Microchip Technology India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses cross appeals as TP-issue resolved under MAP proceedings

  • In Favour of Both, Partially
  • Citation Number : TS-880-ITAT-2016(Bang)-TP
  • Tax Payer : Northern Operating Services Pvt Ltd
Income tax Appellate Tribunal

ITAT:Considers export incentive, duty drawback & forex gains as operational income under TNMM

  • In Favour of Assessee
  • Citation Number : TS-879-ITAT-2016(CHNY)-TP
  • Tax Payer : Greenland Exports Pvt Ltd
Income tax Appellate Tribunal

ITAT:Grants conditional stay; Notes needs for verification of working-capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-878-ITAT-2016(CHNY)-TP
  • Tax Payer : Foxteq Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds guarantee adjustment deletion, follows Redington India ruling over Everest Kanto decision

  • In Favour of Assessee
  • Citation Number : TS-877-ITAT-2016(CHNY)-TP
  • Tax Payer : Aban Offshore Ltd
High Court

HC: Upholds ITAT’s exclusion of Infosys, Persistent & forex fluctuation treatment as operating

  • In Favour of Assessee
  • Citation Number : TS-876-HC-2016(DEL)-TP
  • Tax Payer : Fiserv India P Ltd
High Court

HC: Dismisses Revenue's appeal; ITAT's finding, excluding 3 comparables for extraordinary event, not unreasonable

  • In Favour of Assessee
  • Citation Number : TS-875-HC-2016(DEL)-TP
  • Tax Payer : Ameriprise India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Allows assessee’s miscellaneous petition; Recalls Tribunal order for deciding un-adjudicated grounds

  • In Favour of Assessee
  • Citation Number : TS-874-ITAT-2016(Bang)-TP
  • Tax Payer : NTT DATA Global Delivery Services Ltd.
Income tax Appellate Tribunal

ITAT: Excludes comparables in case of software development service provider; Follows McAfee ruling

  • In Favour of Assessee
  • Citation Number : TS-873-ITAT-2016(Bang)-TP
  • Tax Payer : Syncchronoss Technologies (1) Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Remits corporate guarantee ALP-determination to follow earlier order directions

  • In Favour of Both, Partially
  • Citation Number : TS-872-ITAT-2016(HYD)-TP
  • Tax Payer : Sutherland Healthcare Solutions Private Ltd
Income tax Appellate Tribunal

ITAT:Excludes Infosys BPO and TCS e-Serve for software developer; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-871-ITAT-2016(HYD)-TP
  • Tax Payer : I Space Global Services (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Declines stay extension; Assessee failed to fulfill condition of not seeking adjournment

  • In Favour of Revenue
  • Citation Number : TS-870-ITAT-2016(CHNY)-TP
  • Tax Payer : Socomec Innovative Power Solutions Private Limited
High Court

HC: Rejects technical fees payment justification merely based on subsequent profits & technology need

  • In Favour of Both, Partially
  • Citation Number : TS-869-HC-2016(DEL)-TP
  • Tax Payer : Magneti Marelli Powertrain India Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal on guarantee commission, identical issue accepted in earlier years

  • In Favour of Assessee
  • Citation Number : TS-868-HC-2016(BOM)-TP
  • Tax Payer : Asian Paints (India) Ltd
Supreme Court

SC: Admits Revenue’s appeal against Haier Appliances HC-decision on AMP-issue; Tags with Reebok case

  • In Favour of Revenue
  • Citation Number : TS-867-SC-2016-TP
  • Tax Payer : Haier Appliances India Pvt Ltd