Rulings ( 11978 results )

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Income tax Appellate Tribunal

ITAT:TP-adjustment on asset purchased restricted to depreciation; Follows Ciena-India ruling

  • In Favour of Both, Partially
  • Citation Number : TS-803-ITAT-2016(Mum)-TP
  • Tax Payer : Zinser Textile Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds no 'international transaction' between domestic entities; Follows earlier AY ruling

  • In Favour of Assessee
  • Citation Number : TS-802-ITAT-2016(HYD)-TP
  • Tax Payer : Astrix Laboratories Ltd
Income tax Appellate Tribunal

ITAT:Seconded employee not 'related party', benchmarking of salary reimbursement unwarranted; Deletes TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-801-ITAT-2016(Mum)-TP
  • Tax Payer : Royal Canin India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes ‘TCS e-Serve’ having huge intangibles & brand value; Techbooks International ruling distinguished

  • In Favour of Assessee
  • Citation Number : TS-800-ITAT-2016(Mum)-TP
  • Tax Payer : Capita India Private Ltd
Income tax Appellate Tribunal

ITAT: Portfolio management part of investment advisory services; Accepts 20% ALP-margin considering subsequent-APA

  • In Favour of Both, Partially
  • Citation Number : TS-799-ITAT-2016(Mum)-TP
  • Tax Payer : 3i India Private Limited
Income tax Appellate Tribunal

ITAT: Accepts 3% royalty payment considering Govt. approval; SGS India HC-ruling a binding precedent

  • In Favour of Both, Partially
  • Citation Number : TS-798-ITAT-2016(Mum)-TP
  • Tax Payer : A W Faber Castell (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: AO must follow DRP’s directions to adopt CUP-method for benchmarking purchase transaction

  • In Favour of Revenue
  • Citation Number : TS-797-ITAT-2016(HYD)-TP
  • Tax Payer : Alumeco India Extrusion Limited
Income tax Appellate Tribunal

ITAT: Remits TP-issue considering assessee’s claim of forex loss leading to unhealthy margin

  • In Favour of Both, Partially
  • Citation Number : TS-796-ITAT-2016(DEL)-TP
  • Tax Payer : Schneider Electric India Pvt Ltd
High Court

HC: Non-serving of AO's satisfaction-order a mere irregularity, cannot render TPO-reference void

  • In Favour of Both, Partially
  • Citation Number : TS-795-HC-2016(P & H)-TP
  • Tax Payer : Shri Vishnu Eatables (India) Limited
Income tax Appellate Tribunal

ITAT:No markup required for reimbursement absent rendition of service; Remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-794-ITAT-2016(DEL)-TP
  • Tax Payer : BG India Energy Private Limited
Income tax Appellate Tribunal

ITAT: Corporate guarantee not 'critical mass' enabling Bhutan-AE to raise loan, deletes TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-793-ITAT-2016(Mum)-TP
  • Tax Payer : Grindwell Norton Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables selection in assessee’s manufacturing & ITES segment

  • In Favour of Assessee
  • Citation Number : TS-792-ITAT-2016(Bang)-TP
  • Tax Payer : Flextronics Technologies (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Excludes Engineers India as functionally dissimilar, assessee not engaged in turnkey projects

  • In Favour of Assessee
  • Citation Number : TS-791-ITAT-2016(CHNY)-TP
  • Tax Payer : Saipem India Projects Ltd
High Court

HC:Cannot presume segmental-data availability on mere turnover segregation; Upholds 4 comparables' exclusion

  • In Favour of Assessee
  • Citation Number : TS-790-HC-2016(DEL)-TP
  • Tax Payer : Saxo India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Admits fresh evidence relevant for assessee’s proper characterization; Follows preceding year order

  • In Favour of Assessee
  • Citation Number : TS-789-ITAT-2016(DEL)-TP
  • Tax Payer : Control Risks India Pvt Ltd
High Court

HC: Upholds exclusion of comparable following different financial period, Rule 10B(4) mandate unambiguous

  • In Favour of Assessee
  • Citation Number : TS-788-HC-2016(BOM)-TP
  • Tax Payer : PTC Software (I) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Dismisses non-existent company's appeal, refuses to substitute merged entity as appellant

  • In Favour of Both, Partially
  • Citation Number : TS-787-ITAT-2016(CHNY)-TP
  • Tax Payer : Zenta Knowledge Services (P) Limited
Income tax Appellate Tribunal

ITAT: Remits allocation of expenses relating to development of testing platform to DRP

  • In Favour of Assessee
  • Citation Number : TS-786-ITAT-2016(CHNY)-TP
  • Tax Payer : Expertus Infotech Pvt Ltd
Income tax Appellate Tribunal

ITAT:Allows assessee’s Miscellaneous Application, corrects MAM from CUP-method to CPM for export-transaction

  • In Favour of Assessee
  • Citation Number : TS-785-ITAT-2016(HYD)-TP
  • Tax Payer : Golkonda Aluminium Extrusion Limited
Income tax Appellate Tribunal

ITAT: Admits additional evidence; Design & engineering expenses excludible, if unrelated to AE-transactions

  • In Favour of Both, Partially
  • Citation Number : TS-783-ITAT-2016(DEL)-TP
  • Tax Payer : WSP Consultants India Pvt Ltd