Rulings ( 11978 results )

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Income tax Appellate Tribunal

ITAT: Upholds purchase price exclusion from job-worker's operating-cost, considers DRP-order as achieving finality

  • In Favour of Assessee
  • Citation Number : TS-675-ITAT-2016(Bang)-TP
  • Tax Payer : Transpac Asia Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds TP-adjustment against ‘irrational’ technical-fees paid in excess of agreement terms

  • In Favour of Revenue
  • Citation Number : TS-674-ITAT-2016(CHNY)-TP
  • Tax Payer : International Seaport Dredging Ltd
Income tax Appellate Tribunal

ITAT:Quashes penalty, follows earlier year ruling; Accepting enhanced mark-up not concealment

  • In Favour of Assessee
  • Citation Number : TS-673-ITAT-2016(DEL)-TP
  • Tax Payer : Gap International Sourcing India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables for ITES-provider; Holds forex-fluctuation loss as operating in nature

  • In Favour of Both, Partially
  • Citation Number : TS-672-ITAT-2016(HYD)-TP
  • Tax Payer : G D Research Center Pvt Ltd
Income tax Appellate Tribunal

ITAT:Transactions with PE of foreign-AE outside Sec 92B purview; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-671-ITAT-2016(HYD)-TP
  • Tax Payer : IJM (India) Infrastructure Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s TP-adjustment deletion, can’t adopt earlier year’s comparables absent proper analysis

  • In Favour of Assessee
  • Citation Number : TS-670-ITAT-2016(DEL)-TP
  • Tax Payer : Interra Infotech (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds TP-adjustment on share sale using DCF method; Earlier AY valuation inapplicable

  • In Favour of Revenue
  • Citation Number : TS-669-ITAT-2016(CHNY)-TP
  • Tax Payer : Visteon Asia Holdings Inc
Income tax Appellate Tribunal

ITAT: Allows interest receivable / payable net-off for computing interest-adjustment on delayed export realization

  • In Favour of Assessee
  • Citation Number : TS-668-ITAT-2016(Mum)-TP
  • Tax Payer : Jewellmark India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 2 comparables; Follows Delhi HC ruling in Rampgreen Solutions

  • In Favour of Both, Partially
  • Citation Number : TS-667-ITAT-2016(CHNY)-TP
  • Tax Payer : iNautix Technologies India Pvt. Ltd.
Income tax Appellate Tribunal

ITAT:Remits interest adjustment on excess credit period on AE-exports; Follows Jewellmark ruling

  • In Favour of Both, Partially
  • Citation Number : TS-666-ITAT-2016(Mum)-TP
  • Tax Payer : S. Narendra
Income tax Appellate Tribunal

ITAT: Admits additional evidence relating to import transactions; Follows DRP-order in subsequent year

  • In Favour of Assessee
  • Citation Number : TS-665-ITAT-2016(DEL)-TP
  • Tax Payer : Markem-Imaje India Pvt.Ltd.
High Court

HC: Confirms ITAT; Accepts comparable having 0.55% deviation from 75% export earnings filter

  • In Favour of Assessee
  • Citation Number : TS-664-HC-2016(P & H)-TP
  • Tax Payer : Mercer Consulting (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:RBI/FIPB approvals devised for “ease of business”, not relevant for royalty benchmarking

  • In Favour of Both, Partially
  • Citation Number : TS-663-ITAT-2016(Mum)-TP
  • Tax Payer : Sara Lee TTK Ltd
Income tax Appellate Tribunal

ITAT: Remits comparability adjustment for extraordinary expenses due to sealing of business premises

  • In Favour of Both, Partially
  • Citation Number : TS-662-ITAT-2016(DEL)-TP
  • Tax Payer : Smart Cube India Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Deletes Rs. 3.28 crores TP-adjustment on payment towards intragroup services; Distinguishes Gemplus/Bombardier decisions

  • In Favour of Both, Partially
  • Citation Number : TS-661-ITAT-2016(DEL)-TP
  • Tax Payer : Knorr Bremse India Pvt Ltd
High Court

HC: Reasoning mandatory while discarding one of two 'prescribed' methods applied by assessee

  • In Favour of Revenue
  • Citation Number : TS-660-HC-2016(P & H)-TP
  • Tax Payer : Honda Motorcycle & Scooters India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Grants stay; TP-adjustments on management support/IT-services & software-development services in dispute

  • In Favour of Assessee
  • Citation Number : TS-659-ITAT-2016(Kol)-TP
  • Tax Payer : Philips India Limited
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s appeal for including 4 comparables in technical/marketing support services segments

  • In Favour of Revenue
  • Citation Number : TS-658-ITAT-2016(Bang)-TP
  • Tax Payer : Eads India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on depreciation of registration rights; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-657-ITAT-2016(Mum)-TP
  • Tax Payer : Gharda Chemicals Limited
Income tax Appellate Tribunal

ITAT: Allows +/-5% benefit to assessee for AY 2009-10; Cannot apply ‘anterior provisions’ of Sec 92C

  • In Favour of Assessee
  • Citation Number : TS-656-ITAT-2016(Mum)-TP
  • Tax Payer : Agritrade India Services Pvt Ltd