Rulings ( 11978 results )

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Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment towards interest on AE-receivable, relies upon Pegasystems Worldwide ruling

  • In Favour of Assessee
  • Citation Number : TS-719-ITAT-2016(HYD)-TP
  • Tax Payer : Excellence Data Research Pvt Ltd
Income tax Appellate Tribunal

ITAT:Allows miscellaneous petition noting assessee's Wikipedia based claim of higher industry royalty-rate

  • In Favour of Both, Partially
  • Citation Number : TS-717-ITAT-2016(CHNY)-TP
  • Tax Payer : Hyundai Motor India Ltd
Income tax Appellate Tribunal

ITAT: Extra credit-period from AE on imports relevant for ALP-determination, allows assessee’s appeal

  • In Favour of Assessee
  • Citation Number : TS-716-ITAT-2016(CHNY)-TP
  • Tax Payer : Salcomp Manufacturing India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s miscellaneous petition seeking comparable exclusion categorically adjudicated by Tribunal

  • In Favour of Revenue
  • Citation Number : TS-714-ITAT-2016(Bang)-TP
  • Tax Payer : Ariba Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment allowing aggregation of intra-group services under TNMM; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-713-ITAT-2016(DEL)-TP
  • Tax Payer : Avery Dennison (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits AMP-expenses issue for examining functions of comparables, follows Sony Ericsson HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-712-ITAT-2016(DEL)-TP
  • Tax Payer : Haier Appliances India Ltd
Income tax Appellate Tribunal

ITAT:Dismisses Revenue’s appeal challenging DRP’s grant of 1 risk adjustment

  • In Favour of Assessee
  • Citation Number : TS-711-ITAT-2016(Bang)-TP
  • Tax Payer : LM Wind Power
Income tax Appellate Tribunal

ITAT: Rejects share-application money recharacterization as subsidiary loan, deletes adjustment towards interest

  • In Favour of Assessee
  • Citation Number : TS-710-ITAT-2016(Mum)-TP
  • Tax Payer : Aditya Birla Minacs Worldwide Limited
Income tax Appellate Tribunal

ITAT:Refuses Transgene-Biotek's exclusion absent strong reasons, notes earlier year inclusion

  • In Favour of Both, Partially
  • Citation Number : TS-709-ITAT-2016(Mum)-TP
  • Tax Payer : Tevapharm India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Domestic sale-price inappropriate CUP absent consideration of qualitative factors; Upholds penalty deletion

  • In Favour of Assessee
  • Citation Number : TS-708-ITAT-2016(Mum)-TP
  • Tax Payer : Castrol India Limited
Income tax Appellate Tribunal

ITAT: Admits AE’s Dec-ending annual accounts as additional evidence; Excludes functionally dissimilar comparables

  • In Favour of Assessee
  • Citation Number : TS-706-ITAT-2016(DEL)-TP
  • Tax Payer : Omniglobe Information Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)-order; Expenses directly connected with international transaction alone includible in cost base

  • In Favour of Assessee
  • Citation Number : TS-705-ITAT-2016(DEL)-TP
  • Tax Payer : Swarovski India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 5 comparables for ITES transactions, remits risk adjustment issue

  • In Favour of Both, Partially
  • Citation Number : TS-704-ITAT-2016(Mum)-TP
  • Tax Payer : DBOI Global Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 7 comparables applying Rs 1-200cr turnover-filter and citing functional dissimilarity; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-703-ITAT-2016(Bang)-TP
  • Tax Payer : Fair Isaac India Software Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal; AMP-issue to be reconsidered applying directions in Sony HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-702-HC-2016(DEL)-TP
  • Tax Payer : Bose Corporation India Pvt Ltd
High Court

HC:Upholds ITAT-order setting aside lower authorities' order on AMP-adjustment following Sony ruling

  • In Favour of Assessee
  • Citation Number : TS-700-HC-2016(DEL)-TP
  • Tax Payer : Toshiba India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Cannot exclude loss making comparable unless functionally dissimilar; Relies on CrysCapital HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-699-ITAT-2016(DEL)-TP
  • Tax Payer : Philip Morris Services India SA
High Court

HC:Confirms concealment penalty deletion; Can’t invoke Explanation 7 without conscious & material suppression

  • In Favour of Assessee
  • Citation Number : TS-698-HC-2016(DEL)-TP
  • Tax Payer : Verizon India Pvt Ltd
High Court

HC: ITAT's foreign tested party observations not to influence TPO's decision on merits

  • In Favour of Both, Partially
  • Citation Number : TS-697-HC-2016(DEL)-TP
  • Tax Payer : GE Money Financial Services Pvt Ltd
High Court

HC:Dismisses assessee’s appeal as withdrawn pending outcome of rectification application before ITAT

  • In Favour of Assessee
  • Citation Number : TS-696-HC-2016(DEL)-TP
  • Tax Payer : Bombardier Transportation India (P) Ltd