Rulings ( 11978 results )

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Income tax Appellate Tribunal

ITAT:Recalls order on intragroup services payment, conclusion contrary to material on record

  • In Favour of Assessee
  • Citation Number : TS-695-ITAT-2016(DEL)-TP
  • Tax Payer : Bombardier Transportation India (P) Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Northern Operating Services' appeals as TP-issues resolved under Indo-USA MAP

  • In Favour of Both, Partially
  • Citation Number : TS-694-ITAT-2016(Bang)-TP
  • Tax Payer : Northern Operating Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Fixed turnover slab gives absurd comparability results; Rejects comparables exclusion merely for high-turnover

  • In Favour of Both, Partially
  • Citation Number : TS-693-ITAT-2016(Bang)-TP
  • Tax Payer : Softbrands India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables selection for customer-support and software-service provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-692-ITAT-2016(Bang)-TP
  • Tax Payer : Magma Design Automation India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Dismisses TP-ground concerning markup on Liason-Office activities following earlier-AY decision

  • In Favour of Assessee
  • Citation Number : TS-691-ITAT-2016(DEL)-TP
  • Tax Payer : Rolls Royce Industrial Power India Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Logix Microsystems’ petition for stay extension, none appeared on assessee's behalf

  • In Favour of Assessee
  • Citation Number : TS-707-ITAT-2016(Bang)-TP
  • Tax Payer : Logix Microsystems Ltd
Income tax Appellate Tribunal

ITAT: Rejects exclusion of functionally similar comparable for contract manufacturer

  • In Favour of Assessee
  • Citation Number : TS-689-ITAT-2016(Mum)-TP
  • Tax Payer : Tevapharm India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs TPO to re-calculate ALP of royalty payment after considering bought-out components

  • In Favour of Both, Partially
  • Citation Number : TS-688-ITAT-2016(CHNY)-TP
  • Tax Payer : Regen Powertech P Ltd
Income tax Appellate Tribunal

ITAT: Allows transaction aggregation for benchmarking royalty under TNMM; Sets turnover-filter at 5 times

  • In Favour of Both, Partially
  • Citation Number : TS-687-ITAT-2016(Bang)-TP
  • Tax Payer : Luwa India Pvt. Ltd.
High Court

HC:Upholds ITAT-order for Li & Fung following earlier HC-order, broadening of assessee’s cost-base impermissible

  • In Favour of Assessee
  • Citation Number : TS-686-HC-2016(DEL)-TP
  • Tax Payer : Li & Fung India Private Limited
Income tax Appellate Tribunal

ITAT: Directs exclusion of of abnormal costs in margin computation, follows Marubeni India HC ruling

  • In Favour of Assessee
  • Citation Number : TS-685-ITAT-2016(PUN)-TP
  • Tax Payer : HOV Services Ltd
Income tax Appellate Tribunal

ITAT: Excludes 14 comparables for software development service provider, follows precedents

  • In Favour of Assessee
  • Citation Number : TS-684-ITAT-2016(HYD)-TP
  • Tax Payer : Nebulae Technologies Private Limited
Income tax Appellate Tribunal

ITAT: Applies financial year filter, excludes functionally dissimilar comparables for software service provider

  • In Favour of Assessee
  • Citation Number : TS-683-ITAT-2016(Bang)-TP
  • Tax Payer : McAfee Software India Ltd
High Court

HC:Lays down principles on Sec 144C interpretation; Directs DRP to consider merits despite time-limitation

  • In Favour of Assessee
  • Citation Number : TS-682-HC-2016(AP)-TP
  • Tax Payer : Rain Cements Limited
Income tax Appellate Tribunal

ITAT: Applies 10 times multiple as turnover filter for excluding comparables for software-developer

  • In Favour of Both, Partially
  • Citation Number : TS-681-ITAT-2016(Bang)-TP
  • Tax Payer : PMC - Sierra India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes Elnet Technologies as comparable for software developer on functional dissimilarity grounds

  • In Favour of Assessee
  • Citation Number : TS-680-ITAT-2016(Mum)-TP
  • Tax Payer : V2 Tech Ventures Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Affiliated Computer Services' appeal; TP-issues resolved under MAP

  • In Favour of Both, Partially
  • Citation Number : TS-679-ITAT-2016(Bang)-TP
  • Tax Payer : Affiliated Computer Services of India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 6 comparables for software development service-provider, follows Electronics for Imaging ruling

  • In Favour of Assessee
  • Citation Number : TS-678-ITAT-2016(Bang)-TP
  • Tax Payer : Applied Materials India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Applies turnover filter, excludes functionally dissimilar comparables for 2 Hewlett Packard entities

  • In Favour of Both, Partially
  • Citation Number : TS-677-ITAT-2016(Bang)-TP
  • Tax Payer : Hewlett Packard Globalsoft Pvt Ltd, TH Consulting (India) Pvt Ltd and Hewlett Packard Globalsoft Pvt. Ltd, RELQ Software Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds concealment-penalty; Export transaction ALP not computed in prescribed manner / good faith

  • In Favour of Revenue
  • Citation Number : TS-676-ITAT-2016(Mum)-TP
  • Tax Payer : Clestra Life Sciences Pvt Ltd