Rulings ( 11978 results )

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Income tax Appellate Tribunal

ITAT: Allows adjustment for extraordinary increase in raw-material costs, notes assessee's 'fixed-price' sale-contract

  • In Favour of Assessee
  • Citation Number : TS-655-ITAT-2016(Ahd)-TP
  • Tax Payer : Summit India Water Treatment & Services Ltd
Income tax Appellate Tribunal

ITAT: Deletes Sec 37 disallowance/TP-adjustment on commission paid to one JV-promoter

  • In Favour of Assessee
  • Citation Number : TS-654-ITAT-2016(HYD)-TP
  • Tax Payer : Satyam Venture Engineering Services Private Limited
High Court

HC: Confirms ITAT-order upholding CUP method for medical transcription services; Follows own-order

  • In Favour of Assessee
  • Citation Number : TS-653-HC-2016(AP)-TP
  • Tax Payer : CBay Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes technical fees disallowance u/s37(1) as payment accepted at ALP, follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-652-ITAT-2016(DEL)-TP
  • Tax Payer : YKK India Pvt Ltd
High Court

HC:Dismisses Revenue's appeal, upholds ITAT's rectification-order prohibiting use of susbequent year data

  • In Favour of Assessee
  • Citation Number : TS-651-HC-2016(AP)-TP
  • Tax Payer : Trinity Advanced Software Labs Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-issues on royalty payment for re-adjudication following ITAT directions for earlier-AY

  • In Favour of Both, Partially
  • Citation Number : TS-650-ITAT-2016(Bang)-TP
  • Tax Payer : Toyota Kirloskar Motors Private Limited
Income tax Appellate Tribunal

ITAT:Sec 271(1)(c) penalty unsustainable for document non-furnishing when separate penal provision prescribed u/s 271G

  • In Favour of Assessee
  • Citation Number : TS-649-ITAT-2016(Mum)-TP
  • Tax Payer : Kodak Graphic Communication (I) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Directs AO to pass consequential order incorporating TPO’s rectification order

  • In Favour of Assessee
  • Citation Number : TS-648-ITAT-2016(DEL)-TP
  • Tax Payer : Headstrong Services (India) P Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparable selection for ITeS-provider; Follows Flextronics ruling

  • In Favour of Both, Partially
  • Citation Number : TS-647-ITAT-2016(Bang)-TP
  • Tax Payer : Swiss Re-shared Services Ind Pvt Ltd
Income tax Appellate Tribunal

ITAT: Confirms CIT(A)'s order upholding TP-applicability despite Sec 10A benefit; Follows Hellosoft ruling

  • In Favour of Revenue
  • Citation Number : TS-646-ITAT-2016(Bang)-TP
  • Tax Payer : Mercedez Benz Research & Development India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Confirms DRP order excluding 3 comparables citing functional differences, brand value & high turnover

  • In Favour of Assessee
  • Citation Number : TS-645-ITAT-2016(HYD)-TP
  • Tax Payer : Knoah Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT:Modifies order; Using multiple year data/weighted averages for AY 2010-11 not permissible

  • In Favour of Both, Partially
  • Citation Number : TS-644-ITAT-2016(Kol)-TP
  • Tax Payer : Lee Hours Pomeroy Architects
Income tax Appellate Tribunal

ITAT: Grants stay extension as delay in appeal disposal not attributable to assessee

  • In Favour of Assessee
  • Citation Number : TS-643-ITAT-2016(Bang)-TP
  • Tax Payer : Xchanging Solutions Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-determination, directs AO to consider eligibility of 5 tolerance benefit

  • In Favour of Assessee
  • Citation Number : TS-642-ITAT-2016(HYD)-TP
  • Tax Payer : AMD Research and Development Centre India P Ltd
Income tax Appellate Tribunal

ITAT: Allows working-capital adjustment following rule of consistency; Excludes Vishal Information as comparable

  • In Favour of Assessee
  • Citation Number : TS-641-ITAT-2016(DEL)-TP
  • Tax Payer : EXL Services com India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects Special-Bench constitution on foreign tested-party controversy; Cites HC-pendency in own case

  • In Favour of Assessee
  • Citation Number : TS-640-ITAT-2016(Ahd)-TP
  • Tax Payer : General Motors India Pvt Ltd
High Court

HC: Remands TP-issue for fresh consideration, notes parties’ agreement regarding ITAT’s comparables exclusion

  • In Favour of Revenue
  • Citation Number : TS-545-HC-2015(DEL)-TP
  • Tax Payer : Agnity India Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: CIT(A) obligated to dispose appeal on merits, despite non-appearance on assessee’s behalf

  • In Favour of Assessee
  • Citation Number : TS-639-ITAT-2016(Bang)-TP
  • Tax Payer : NI Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT: CIT(A) not empowered to remit issue to TPO; Directs re-adjudication of comparability

  • In Favour of Both, Partially
  • Citation Number : TS-638-ITAT-2016(Bang)-TP
  • Tax Payer : C Cubed Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Applies 15% RPT-filter over DRP’s 0%; Directs re-examination considering ‘present legal position’

  • In Favour of Both, Partially
  • Citation Number : TS-637-ITAT-2016(Bang)-TP
  • Tax Payer : Yodlee Infotech Pvt Ltd