Rulings ( 11978 results )

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High Court

HC:Quashes reassessment beyond 4 years, Sec 10A-benefit allowed on TP-addition after full disclosures

  • In Favour of Assessee
  • Citation Number : TS-612-HC-2016(GUJ)-TP
  • Tax Payer : Mastek Limited
Income tax Appellate Tribunal

ITAT:Accepting lower TP-addition to avoid protracted litigation can't lead to concealment penalty

  • In Favour of Assessee
  • Citation Number : TS-611-ITAT-2016(DEL)-TP
  • Tax Payer : Gap International Sourcing India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects ‘business development expenses’ allocation to AE-transactions; Accepts non-AE segment's entrepreneurial characterization

  • In Favour of Assessee
  • Citation Number : TS-610-ITAT-2016(DEL)-TP
  • Tax Payer : Stanley Consultants Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rules on Hyundai Rotem's comparable selection; TPO to substantiate deviation from rule of consistency

  • In Favour of Assessee
  • Citation Number : TS-609-ITAT-2016(DEL)-TP
  • Tax Payer : Hyundai Rotem Company
High Court

HC:No TP-adjustment on imports at lesser-value under predatory-pricing, invokes Sec 92(3)

  • In Favour of Assessee
  • Citation Number : TS-608-HC-2016(BOM)-TP
  • Tax Payer : Merck Ltd
High Court

HC:Rejects taxpayer's challenge against domestic-TP assessment; Prima-facie 20 shareholding threshold u/s 40A(2)(b) satisfied

  • In Favour of Revenue
  • Citation Number : TS-607-HC-2016(GUJ)-TP
  • Tax Payer : D B Corp Ltd
Income tax Appellate Tribunal

ITAT:Refuses to recall earlier order; Assessee unable to prove TP issues not argued

  • In Favour of Revenue
  • Citation Number : TS-606-ITAT-2016(Bang)-TP
  • Tax Payer : MModal Gobal Services Pvt Ltd
Income tax Appellate Tribunal

ITAT:Applies 20 times multiple as turnover filter following Pentair HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-605-ITAT-2016(Mum)-TP
  • Tax Payer : UCB India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Sets aside DRP-order for de-novo consideration presuming lack of hearing opportunity to assessee

  • In Favour of Assessee
  • Citation Number : TS-604-ITAT-2016(HYD)-TP
  • Tax Payer : Invensys Development Centre India Private Ltd
Income tax Appellate Tribunal

ITAT:'Controlled’ transaction not CUP, rejects ALP-determination based on AE's supply agreement price

  • In Favour of Assessee
  • Citation Number : TS-603-ITAT-2016(Ahd)-TP
  • Tax Payer : Bilag Industries P Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s exclusion of comparable considering functional dissimilarity & high profit-margin

  • In Favour of Assessee
  • Citation Number : TS-602-ITAT-2016(CHNY)-TP
  • Tax Payer : C H Robinson Worldwide Freight India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs DRP to pass speaking-order considering assessee’s submissions on every disputed issue

  • In Favour of Assessee
  • Citation Number : TS-600-ITAT-2016(CHNY)-TP
  • Tax Payer : CET Power Solutions India Private Limited
Income tax Appellate Tribunal

ITAT:Comparables excluded for functional dissimilarity, excessive RPTs

  • In Favour of Both, Partially
  • Citation Number : TS-599-ITAT-2016(Bang)-TP
  • Tax Payer : TE Connectivity India P Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables providing high-end, ‘sophisticated’ services; Accepts comparable having similar expertise level

  • In Favour of Both, Partially
  • Citation Number : TS-598-ITAT-2016(Bang)-TP
  • Tax Payer : Swiss Re Shared Services India P Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s TP-adjustment deletion; Revenue not justified in adopting CPM over TNMM

  • In Favour of Both, Partially
  • Citation Number : TS-597-ITAT-2016(Ahd)-TP
  • Tax Payer : Sparkle Diam Pvt Ltd
Income tax Appellate Tribunal

ITAT:Grants conditional stay to Sony India; Considers prima-facie case on AMP-issue

  • In Favour of Both, Partially
  • Citation Number : TS-596-ITAT-2016(DEL)-TP
  • Tax Payer : Sony India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Can't reject comparables' data obtained from ROC citing non-availability in public domain

  • In Favour of Assessee
  • Citation Number : TS-595-ITAT-2016(Bang)-TP
  • Tax Payer : Scicom Contact Centre Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows profit before depreciation as PLI, follows Schefenacker Mothersons ruling

  • In Favour of Both, Partially
  • Citation Number : TS-594-ITAT-2016(PUN)-TP
  • Tax Payer : iGATE Computer Systems Ltd
Income tax Appellate Tribunal

ITAT: Deletes interest adjustment on overdue AE-receivables, AE’s credit-period below industry average

  • In Favour of Assessee
  • Citation Number : TS-593-ITAT-2016(HYD)-TP
  • Tax Payer : Oakton Global Technology Services Centre India Pvt Ltd
High Court

HC: AO/TPO not bound by higher authorities’ observations on factual aspects during remand

  • In Favour of Assessee
  • Citation Number : TS-591-HC-2016(ALL)-TP
  • Tax Payer : Honda Motor India Pvt Ltd