Rulings ( 11978 results )

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Income tax Appellate Tribunal

ITAT: Rules on selection of comparables for software development & technical support services

  • In Favour of Both, Partially
  • Citation Number : TS-740-ITAT-2016(DEL)-TP
  • Tax Payer : ALcatel Lucent India Ltd
Income tax Appellate Tribunal

ITAT: Remits capacity utilization adjustment; Excludes abnormal expenditure, lease expenditure from operating cost

  • In Favour of Both, Partially
  • Citation Number : TS-739-ITAT-2016(Bang)-TP
  • Tax Payer : Inteva Products Automotive Pvt Ltd
Income tax Appellate Tribunal

ITAT: Refuses to uphold cryptic, non-speaking CIT(A)-order; Remits TP-issue for consideration on merits

  • In Favour of Assessee
  • Citation Number : TS-738-ITAT-2016(CHNY)-TP
  • Tax Payer : Saksoft Ltd
Income tax Appellate Tribunal

ITAT: Rejects assessee’s reliance on precedents without demonstrating factual/functional similarities on comparability

  • In Favour of Both, Partially
  • Citation Number : TS-737-ITAT-2016(Mum)-TP
  • Tax Payer : ECI Telecom India Private Limited
Income tax Appellate Tribunal

ITAT: CIT(A) empowered to adjudicate appeal against order passed consequent to Sec. 263 set-aside

  • In Favour of Both, Partially
  • Citation Number : TS-736-ITAT-2016(Bang)-TP
  • Tax Payer : Meritor Light Vehicle Systems India P Ltd
Income tax Appellate Tribunal

ITAT: Diminishing revenue-filter based on current-year data inappropriate,“trends over time” relevant

  • In Favour of Both, Partially
  • Citation Number : TS-735-ITAT-2016(Bang)-TP
  • Tax Payer : Netapp Ind Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits entire TP issue to CIT(A) for passing speaking & reasoned order

  • In Favour of Both, Partially
  • Citation Number : TS-734-ITAT-2016(Bang)-TP
  • Tax Payer : Bosch Limited
Income tax Appellate Tribunal

ITAT:DRP, being fact-finding authority, duty bound to deal with all objections on comparables selection

  • In Favour of Assessee
  • Citation Number : TS-733-ITAT-2016(CHNY)-TP
  • Tax Payer : Foxteq Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Marketing & after-sale service different in domestic segment, rejects TPO's benchmarking with AE-exports

  • In Favour of Assessee
  • Citation Number : TS-732-ITAT-2016(CHNY)-TP
  • Tax Payer : Orbinox India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects functionally dissimilar argument for Infosys-BPO, remits comparability for examining brand-impact on profitability

  • In Favour of Both, Partially
  • Citation Number : TS-731-ITAT-2016(DEL)-TP
  • Tax Payer : United Health Group Information Services
Income tax Appellate Tribunal

ITAT: Can’t exclude comparable for mere fraud allegation; Treats forex-fluctuation gain as operating income

  • In Favour of Both, Partially
  • Citation Number : TS-730-ITAT-2016(Bang)-TP
  • Tax Payer : Akamai Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Directs DRP to consider revised return of income filed within stipulated period

  • In Favour of Assessee
  • Citation Number : TS-728-ITAT-2016(CHNY)-TP
  • Tax Payer : BorgWarner Morse TEC India Private Limited
High Court

HC:Confirms ITAT, restricts TP-adjustment to AE-transactions, Tara Jewellers & Thyssen Krupp decisions followed

  • In Favour of Assessee
  • Citation Number : TS-727-HC-2016(BOM)-TP
  • Tax Payer : Lanxess India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Allows Revenue’s appeal on comparability criteria and dismisses assessee’s cross-objection as not-pressed

  • In Favour of Revenue
  • Citation Number : TS-726-ITAT-2016(Bang)-TP
  • Tax Payer : Siri Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 2 comparables for software-developer on functional dissimilarity ground, applying 15% RPT-filter

  • In Favour of Assessee
  • Citation Number : TS-725-ITAT-2016(Bang)-TP
  • Tax Payer : Microchip Technology (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects AO’s application of PSM & TNMM for same transaction between HO and PE-branch

  • In Favour of Assessee
  • Citation Number : TS-724-ITAT-2016(DEL)-TP
  • Tax Payer : Mori Seiki Co Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparable having low (23) revenue from ITeS

  • In Favour of Both, Partially
  • Citation Number : TS-723-ITAT-2016(Bang)-TP
  • Tax Payer : Interwoven Software Services (India.) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits comparables selection for de-novo adjudication absent DRP's consideration of facts / issues

  • In Favour of Both, Partially
  • Citation Number : TS-722-ITAT-2016(Bang)-TP
  • Tax Payer : Component Specialty (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects application of Rs 1-200cr turnover filter, rejects CIT(A)'s exclusion of 7 comparables

  • In Favour of Revenue
  • Citation Number : TS-721-ITAT-2016(Bang)-TP
  • Tax Payer : Vmoksha Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes Aptico and TSR Darashaw as functionally dissimilar to marketing support service

  • In Favour of Both, Partially
  • Citation Number : TS-720-ITAT-2016(DEL)-TP
  • Tax Payer : Adobe Systems India Pvt Ltd