Rulings ( 11978 results )

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Income tax Appellate Tribunal

ITAT: Upholds CIT(A) order deleting TP-adjustment; Excludes Celestial Biolabs as functionally dissimilar

  • In Favour of Assessee
  • Citation Number : TS-590-ITAT-2016(DEL)-TP
  • Tax Payer : Intuit Technology Services Ltd
Income tax Appellate Tribunal

ITAT:CIT(A) bound to give finding though TP-issues covered by Tribunal-orders; Remits matter

  • In Favour of Both, Partially
  • Citation Number : TS-589-ITAT-2016(Bang)-TP
  • Tax Payer : Infor Bangalore Pvt Ltd
Income tax Appellate Tribunal

ITAT: Can't exclude functionally similar companies merely for different year-end; Rejects turnover-filter application

  • In Favour of Assessee
  • Citation Number : TS-588-ITAT-2016(DEL)-TP
  • Tax Payer : Exevo India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)'s deletion of TP-adjustment, indenting activity not comparable with trading

  • In Favour of Assessee
  • Citation Number : TS-587-ITAT-2016(Mum)-TP
  • Tax Payer : Dow Chemicals International International Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects 'unadjusted' interest-rate as per 'India's External Debt- Status Report' for ECB-benchmarking

  • In Favour of Both, Partially
  • Citation Number : TS-586-ITAT-2016(CHNY)-TP
  • Tax Payer : Winergy Drive Systems India Private Limited
High Court

HC: Upholds ITAT’s exclusion of comparable on ground of unreliable segmental results

  • In Favour of Assessee
  • Citation Number : TS-585-HC-2016(DEL)-TP
  • Tax Payer : Qualcomm India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Director’s past indictment no reason to doubt credibility of comparables’ financials

  • In Favour of Both, Partially
  • Citation Number : TS-584-ITAT-2016(Bang)-TP
  • Tax Payer : Siemens Information Processing Services Pvt Ltd
Income tax Appellate Tribunal

ITAT:Excludes comparables on functional dissimilarity, segmental data unavailability and different FY-ending grounds

  • In Favour of Both, Partially
  • Citation Number : TS-583-ITAT-2016(Bang)-TP
  • Tax Payer : SAP Labs India P Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment; Applies commission rate on overseas AE-third party transactions as CUP

  • In Favour of Both, Partially
  • Citation Number : TS-582-ITAT-2016(Bang)-TP
  • Tax Payer : Paxar India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 2 comparables for call-centre service-provider citing tainted managment & functional differences

  • In Favour of Both, Partially
  • Citation Number : TS-581-ITAT-2016(Bang)-TP
  • Tax Payer : Nirvana Business Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Restores non-speaking DRP-order to consider assessee's objections and evidences in proper perspective

  • In Favour of Assessee
  • Citation Number : TS-580-ITAT-2016(Mum)-TP
  • Tax Payer : L&T Construction Equipment Ltd
Income tax Appellate Tribunal

ITAT:Excludes ESOP-cost & forex gains (disclosed as 'other income') while computing comparables' PLI

  • In Favour of Both, Partially
  • Citation Number : TS-579-ITAT-2016(DEL)-TP
  • Tax Payer : ICC India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Confirms TP-adjustment deletion; AE & non-AE enjoyed similar credit period without charging interest

  • In Favour of Assessee
  • Citation Number : TS-578-ITAT-2016(Mum)-TP
  • Tax Payer : Dania Oro Jewellery Private Limited
Income tax Appellate Tribunal

ITAT:Remits penalty issue back to CIT(A) since main issue on comparables selection restored

  • In Favour of Both, Partially
  • Citation Number : TS-577-ITAT-2016(Bang)-TP
  • Tax Payer : Radisys India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Restores comparables selection for verification whether facts similar to 24/7 Customer.com ruling

  • In Favour of Assessee
  • Citation Number : TS-576-ITAT-2016(Bang)-TP
  • Tax Payer : Genisys Integrating Systems India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables including Infosys- BPO; Holds brand value commands premium price

  • In Favour of Assessee
  • Citation Number : TS-575-ITAT-2016(DEL)-TP
  • Tax Payer : Vertex Customer Service India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 11 functionally different comparables for software service provider following precedent

  • In Favour of Assessee
  • Citation Number : TS-574-ITAT-2016(Bang)-TP
  • Tax Payer : Core Objects India Private Limited
Income tax Appellate Tribunal

ITAT: Remands comparability of Infosys & Wipro in Agnity’s case; Can’t follow precedents blindly

  • In Favour of Both, Partially
  • Citation Number : TS-573-ITAT-2016(DEL)-TP
  • Tax Payer : Agnity India Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 9 comparables citing functional differences & RPT exceeding 15%; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-572-ITAT-2016(Bang)-TP
  • Tax Payer : Infinera India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Dismisses cross appeals; Hearing appeal against untraceable taxpayer, a futile exercise

  • In Favour of Both, Partially
  • Citation Number : TS-571-ITAT-2016(Bang)-TP
  • Tax Payer : Vendio Technologies India Pvt.Ltd