Rulings ( 11978 results )

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Income tax Appellate Tribunal

ITAT: Sets-aside CIT(A)’s order for 15% RPT-filter application and examination of comparables’ functional similarity

  • In Favour of Both, Partially
  • Citation Number : TS-761-ITAT-2016(Bang)-TP
  • Tax Payer : Magma Design Automation India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: No TP-addition for transactions between Indian-HO & Canada Branch; Follows earlier decision

  • In Favour of Assessee
  • Citation Number : TS-760-ITAT-2016(DEL)-TP
  • Tax Payer : Aithent Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on business transfer to foreign-AE's Indian-branch; Rule 10AB inapplicable to AY 2010-11

  • In Favour of Both, Partially
  • Citation Number : TS-759-ITAT-2016(CHNY)-TP
  • Tax Payer : Sella Synergy India Pvt Ltd
High Court

HC:Absence of segmental accounts does not warrant entity-wise adjustment, dismisses Revenue's appeal

  • In Favour of Assessee
  • Citation Number : TS-758-HC-2016(BOM)-TP
  • Tax Payer : Alstom Projects India Ltd
Income tax Appellate Tribunal

ITAT: Deletes AMP-expenses & intra-group services TP-adjustment; Follows HC-order in own case

  • In Favour of Assessee
  • Citation Number : TS-757-ITAT-2016(DEL)-TP
  • Tax Payer : Bausch & Lomb India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts CUP for benchmarking earthmoving machinery purchases; Remits AMP-issue to follow Maruti-ruling

  • In Favour of Assessee
  • Citation Number : TS-756-ITAT-2016(DEL)-TP
  • Tax Payer : Liugong India Private Limited
Income tax Appellate Tribunal

ITAT:Refuses stay; Can't select comparables merely relying on precedents without FAR analysis

  • In Favour of Revenue
  • Citation Number : TS-755-ITAT-2016(DEL)-TP
  • Tax Payer : Delphi Automotive Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Reimbursement to AE mere pass-through cost; Deletes TP-adjustment absent rendering of service

  • In Favour of Assessee
  • Citation Number : TS-754-ITAT-2016(DEL)-TP
  • Tax Payer : Ericsson India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)-order; TPO to give cogent reasons before rejecting assessee’s TP-method

  • In Favour of Assessee
  • Citation Number : TS-753-ITAT-2016(Kol)-TP
  • Tax Payer : DIC India Ltd
Income tax Appellate Tribunal

ITAT: Lays down law on TP applicability to HO- Branch transactions

  • In Favour of Assessee
  • Citation Number : TS-752-ITAT-2016(DEL)-TP
  • Tax Payer : Aithent Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT:Inflating foreign assessee's IT-income from Indian entities results in base-erosion, deletes TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-751-ITAT-2016(PUN)-TP
  • Tax Payer : Cummins Inc
Income tax Appellate Tribunal

ITAT:Rules on comparables selection in engineering design service-segment; Remits royalty issue

  • In Favour of Both, Partially
  • Citation Number : TS-750-ITAT-2016(Bang)-TP
  • Tax Payer : Inteva Products India Automotive Private Limited
Income tax Appellate Tribunal

ITAT:Remits AMP-issue for distributor assessee absent detailed analysis of AMP functions

  • In Favour of Both, Partially
  • Citation Number : TS-548-ITAT-2015(DEL)-TP
  • Tax Payer : Daikin Airconditioning India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs CIT(A) to pass speaking-order on comparables selection including functional similarity aspect

  • In Favour of Both, Partially
  • Citation Number : TS-749-ITAT-2016(Bang)-TP
  • Tax Payer : Electronics for Imaging India Pvt Ltd
Supreme Court

SC: Admits Canon’s SLP against Delhi HC ruling on Marketing Intangibles case

  • In Favour of Both, Partially
  • Citation Number : TS-748-SC-2016-TP
  • Tax Payer : Canon India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-issues for fresh adjudication for assessee in first year of operation

  • In Favour of Assessee
  • Citation Number : TS-745-ITAT-2016(Bang)-TP
  • Tax Payer : Walvoil Fluid Power India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants benefit under proviso to Sec 92C(2) where price variation less than 5%

  • In Favour of Assessee
  • Citation Number : TS-744-ITAT-2016(CHNY)-TP
  • Tax Payer : Oren Hydro Carbons Pvt Ltd
Income tax Appellate Tribunal

ITAT: AO to examine whether disputed issues settled under MAP

  • In Favour of Both, Partially
  • Citation Number : TS-743-ITAT-2016(Bang)-TP
  • Tax Payer : Informatica Business Solutions (Ind) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds DRP’s use of segmental data to benchmark international transactions for EPC-contractor

  • In Favour of Assessee
  • Citation Number : TS-742-ITAT-2016(Mum)-TP
  • Tax Payer : Technimont ICB Ltd
Income tax Appellate Tribunal

ITAT: Depreciation part of operating cost; Rejects assessee’s adjustment claim in operating margin

  • In Favour of Revenue
  • Citation Number : TS-741-ITAT-2016(CHNY)-TP
  • Tax Payer : India Japan Lighting Limited