Rulings ( 11978 results )

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Income tax Appellate Tribunal

ITAT:TPO-reference invalid where turnover less than Rs.15cr; CBDT-circular binding on lower authorities

  • In Favour of Both, Partially
  • Citation Number : TS-824-ITAT-2016(CHNY)-TP
  • Tax Payer : Sensiple Software Solution Pvt Ltd
Income tax Appellate Tribunal

ITAT: Modifies CIT(A)’s order applying 0% RPT-filter & granting standard deduction of +/-5%

  • In Favour of Revenue
  • Citation Number : TS-823-ITAT-2016(Bang)-TP
  • Tax Payer : Scicom Contact Centre Services Pvt Limited
Income tax Appellate Tribunal

ITAT: Grants stay-extension subject to Rs.50lakhs payment, Non-hearing delay attributable once to assessee

  • In Favour of Assessee
  • Citation Number : TS-822-ITAT-2016(Bang)-TP
  • Tax Payer : Huawei Technologies India Pvt Ltd
Income tax Appellate Tribunal

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

  • In Favour of Assessee
  • Citation Number : TS-821-ITAT-2016(Bang)-TP
  • Tax Payer : Dhanya Agroindustrial Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 6 comparables in software development, marketing support services segments; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-820-ITAT-2016(Bang)-TP
  • Tax Payer : Aruba Networks India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rs. 15 cr threshold limit only internal guidance, not statutory prohibition, for TPO-reference

  • In Favour of Revenue
  • Citation Number : TS-819-ITAT-2016(Bang)-TP
  • Tax Payer : iSoft Health Services (I) P Ltd
Income tax Appellate Tribunal

ITAT:Grants partial stay; Comparables selection, turnover filter and ECB-loan interest deduction disputed issues

  • In Favour of Both, Partially
  • Citation Number : TS-818-ITAT-2016(Bang)-TP
  • Tax Payer : Maxim India Integrated Circuit Design P Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables selection for software-developer; Directs AO to re-work depreciation adjustment

  • In Favour of Assessee
  • Citation Number : TS-817-ITAT-2016(Bang)-TP
  • Tax Payer : Novell Software Development India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables selection in software & marketing services segments; Allows risk-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-816-ITAT-2016(Bang)-TP
  • Tax Payer : Analog Devices India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects pass-through treatment for sub-contracting charges for captive software development service-provider

  • In Favour of Assessee
  • Citation Number : TS-815-ITAT-2016(Bang)-TP
  • Tax Payer : Applied Materials India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on corporate guarantee; Sets LIBOR+2% as interest ALP for AE-loans

  • In Favour of Assessee
  • Citation Number : TS-814-ITAT-2016(Mum)-TP
  • Tax Payer : Everest Kanto Cylinder
Income tax Appellate Tribunal

ITAT: Upholds internal-TNMM considering segmental information for software services, follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-813-ITAT-2016(DEL)-TP
  • Tax Payer : Birlasoft (India) Ltd
Income tax Appellate Tribunal

ITAT:Excludes 2 constant loss-making comparables, positive net worth irrelevant; Reverses CIT(A)-order

  • In Favour of Revenue
  • Citation Number : TS-812-ITAT-2016(Mum)-TP
  • Tax Payer : Marsh India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows working-capital adjustment based on year-end figures, relies on Navisite India ruling

  • In Favour of Assessee
  • Citation Number : TS-811-ITAT-2016(DEL)-TP
  • Tax Payer : Evalueserve.com
Income tax Appellate Tribunal

ITAT: Onus on assessee to demonstrate appropriateness of aggregation approach; Remits intra-group services ALP-determination

  • In Favour of Both, Partially
  • Citation Number : TS-810-ITAT-2016(Mum)-TP
  • Tax Payer : SKF India Limited
Income tax Appellate Tribunal

ITAT: Approves gurantee-fee ALP at 0.5% and LIBOR+2.75% as interest benchmark for AE-advance

  • In Favour of Assessee
  • Citation Number : TS-809-ITAT-2016(HYD)-TP
  • Tax Payer : Prolifics Corporation Ltd
High Court

HC:Dismisses Revenue’s appeal against ITAT-order restricting TP-adjustment to international transactions

  • In Favour of Assessee
  • Citation Number : TS-808-HC-2016(BOM)-TP
  • Tax Payer : Syscom Corporation Ltd
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s appeal as ‘not pressed’ as TP-grounds resolved under MAP

  • In Favour of Revenue
  • Citation Number : TS-807-ITAT-2016(Bang)-TP
  • Tax Payer : First Indian Corporation Private Limited
Income tax Appellate Tribunal

ITAT: Excludes depreciation from PLI-computation; Assessee's depreciation-rate higher than Companies Act unlike comparables

  • In Favour of Both, Partially
  • Citation Number : TS-805-ITAT-2016(CHNY)-TP
  • Tax Payer : ICON Clinical Research India Pvt Ltd
Income tax Appellate Tribunal

ITAT: APA's curtailed rollback-period supports assessee’s claim on functional characterization, admits additional evidence

  • In Favour of Assessee
  • Citation Number : TS-804-ITAT-2016(CHNY)-TP
  • Tax Payer : Lotus Footwear Enterprises Ltd