Rulings ( 11978 results )

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Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s appeal, TP issues resolved under MAP as per India-USA DTAA

  • In Favour of Both, Partially
  • Citation Number : TS-636-ITAT-2016(Bang)-TP
  • Tax Payer : Informatica Business Solutions P Ltd
Income tax Appellate Tribunal

ITAT: Excludes 10 comparables for engineering design service-provider, follows precedents

  • In Favour of Assessee
  • Citation Number : TS-635-ITAT-2016(Bang)-TP
  • Tax Payer : Textron India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Sets aside CIT(A)’s order passed without considering merits on TP-issue; Remits matter

  • In Favour of Assessee
  • Citation Number : TS-634-ITAT-2016(HYD)-TP
  • Tax Payer : Nava Bharat Ventures Ltd
Income tax Appellate Tribunal

ITAT: Excludes Accentia Technologies & Infosys BPO; Directs TPO to follow DRP-directions

  • In Favour of Assessee
  • Citation Number : TS-633-ITAT-2016(Mum)-TP
  • Tax Payer : Maersk Global Service Centers (India) Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 3 functionally dissimilar comparables following precedent; TP-adjustment deleted, margin within +/-5%

  • In Favour of Assessee
  • Citation Number : TS-632-ITAT-2016(Bang)-TP
  • Tax Payer : H & M Mauritz India Pvt Ltd
Supreme Court

SC: Admits Revenue’s SLP on AMP-adjustment deletion for manufacturer cum distributor assessee

  • In Favour of Assessee
  • Citation Number : TS-631-SC-2016-TP
  • Tax Payer : Honda Siel Power Products Ltd
Income tax Appellate Tribunal

ITAT: Restores comparability of 4 companies for verification of RPT filter & functional similarity

  • In Favour of Both, Partially
  • Citation Number : TS-628-ITAT-2016(Bang)-TP
  • Tax Payer : Centum Rakon India Private Limited
High Court

HC: Dismisses Revenue’s appeal; Commission payment to AE at arm’s length price

  • In Favour of Assessee
  • Citation Number : TS-627-HC-2016(GUJ)-TP
  • Tax Payer : Sun Pharmaceutical Industries Ltd
Income tax Appellate Tribunal

ITAT: TP-adjustment to be restricted only to AE-transactions; Follows Ratilal Becharlal HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-626-ITAT-2016(Mum)-TP
  • Tax Payer : Aurostar Jewellery India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Stresses on ‘hair-splitting’ level of FAR-analysis before embarking on comparables selection exercise

  • In Favour of Both, Partially
  • Citation Number : TS-624-ITAT-2016(DEL)-TP
  • Tax Payer : Copal Research India Pvt Ltd
High Court

HC: Confirms ITAT’s TP-adjustment deletion on commission payment to AE; Considers earlier order

  • In Favour of Assessee
  • Citation Number : TS-623-HC-2016(GUJ)-TP
  • Tax Payer : Sun Pharmaceutical Industries Ltd
High Court

HC: Upholds ITAT-order allowing adjustment towards idle capacity & abnormal expenses due to relocation

  • In Favour of Assessee
  • Citation Number : TS-388-HC-2013(DEL)-TP
  • Tax Payer : Transwitch India Pvt Ltd
High Court

HC:Sets aside AO's domestic TP-reference, without reasoning, for donation to charitable-institution

  • In Favour of Both, Partially
  • Citation Number : TS-622-HC-2016(BOM)-TP
  • Tax Payer : DSP Adiko Holdings Private Limited
High Court

HC: Confirms ITAT-order deleting corporate guarantee TP-adjustment absent actual pledging of shares

  • In Favour of Assessee
  • Citation Number : TS-621-HC-2016(GUJ)-TP
  • Tax Payer : Adani Enterprises Ltd
Income tax Appellate Tribunal

ITAT: AE-credit period an international transaction though no price charged; Vodafone-ruling reference 'misplaced'

  • In Favour of Both, Partially
  • Citation Number : TS-620-ITAT-2016(Bang)-TP
  • Tax Payer : Tally Solutions Pvt Ltd
High Court

HC:Grants TP-demand stay; Allows immovable property as security instead of bank guarantee

  • In Favour of Assessee
  • Citation Number : TS-618-HC-2016(KER)-TP
  • Tax Payer : HIC ABF Special Foods Private Limited
High Court

HC:Confirms ITAT-order accepting license-fee payment 3 of turnover, issue concluded for earlier-AY

  • In Favour of Assessee
  • Citation Number : TS-616-HC-2016(BOM)-TP
  • Tax Payer : SGS India Pvt Ltd
High Court

HC:Disposes writ-petition as withdrawn; Accepts assessee’s request to approach ITAT for demand-stay disposal

  • In Favour of Both, Partially
  • Citation Number : TS-615-HC-2016(BOM)-TP
  • Tax Payer : MWH India Private Limited
High Court

HC: Dismisses Revenue’s appeal, question framed already concluded by HC for earlier AY

  • In Favour of Assessee
  • Citation Number : TS-614-HC-2016(BOM)-TP
  • Tax Payer : Welspun Zucchi Textiles Ltd
Income tax Appellate Tribunal

ITAT: Expenditure incurred before overseas-subsidiary's incorporation a 'shareholder activity', not an 'international transaction' u/s 92B

  • In Favour of Both, Partially
  • Citation Number : TS-613-ITAT-2016(DEL)-TP
  • Tax Payer : New Delhi Television Ltd