Rulings ( 11978 results )

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Income tax Appellate Tribunal

ITAT:Remits Luxottica's AMP adjustment in second round of proceedings, follows HC decision

  • In Favour of Assessee
  • Citation Number : TS-570-ITAT-2016(DEL)-TP
  • Tax Payer : Luxottica India Eyewear Pvt Ltd
Income tax Appellate Tribunal

ITAT:TPO-order barred by limitation; Considers time extension for Japan info-exchange/ AAR-application

  • In Favour of Assessee
  • Citation Number : TS-569-ITAT-2016(DEL)-TP
  • Tax Payer : Asian Honda Motor Co Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 functionally dissimilar comparables for software developer; Remits working capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-568-ITAT-2016(Bang)-TP
  • Tax Payer : Dell International Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: CIT(A)’s TP-adjustment deletion without TPO verifying assessee’s RPT-computation violative of Rule 46A

  • In Favour of Revenue
  • Citation Number : TS-567-ITAT-2016(DEL)-TP
  • Tax Payer : Canon India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants stay extension as appeal on merits already heard and Tribunal-order awaited

  • In Favour of Assessee
  • Citation Number : TS-566-ITAT-2016(Bang)-TP
  • Tax Payer : Applied Materials India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects Nil ALP for Royalty, establishing benefit irrelevant where manufacturing under AE-license

  • In Favour of Both, Partially
  • Citation Number : TS-565-ITAT-2016(Bang)-TP
  • Tax Payer : Inteva Products India Automotive Private Limited
Income tax Appellate Tribunal

ITAT: Excludes high-end KPO comparables for ITeS-provider; Chides assessee/Revenue’s selectively placed information

  • In Favour of Both, Partially
  • Citation Number : TS-564-ITAT-2016(HYD)-TP
  • Tax Payer : S&P Capital IQ India Private Limited
Income tax Appellate Tribunal

ITAT: Infosys, KALS and Bodhtree incomparable to software developer; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-563-ITAT-2016(PUN)-TP
  • Tax Payer : Barclays Technology Centre India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects Bodhtree; Fluctuating margins despite similar business scale indicate abnormal business circumstances

  • In Favour of Assessee
  • Citation Number : TS-562-ITAT-2016(Mum)-TP
  • Tax Payer : Atos India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects aggregating royalty with manufacturing, Rule 10A(d)-situations not met; Directs CUP application

  • In Favour of Revenue
  • Citation Number : TS-561-ITAT-2016(Bang)-TP
  • Tax Payer : Praxair I Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects ALP-determination based on entity-level transactions; Follows jurisdictional-HC rulings

  • In Favour of Assessee
  • Citation Number : TS-560-ITAT-2016(Mum)-TP
  • Tax Payer : Paradigm Geophysical I Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 7 comparables for software developer; Upholds DRP’s direction on working-capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-559-ITAT-2016(Bang)-TP
  • Tax Payer : Broadcom India Research Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants stay extension subject to adjustment of 50% demand against earlier-years refund

  • In Favour of Assessee
  • Citation Number : TS-558-ITAT-2016(Bang)-TP
  • Tax Payer : E4E Business Solutions India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Includes comparable having December as financial year-end; Excludes functionally dissimilar comparables following earlier order

  • In Favour of Assessee
  • Citation Number : TS-557-ITAT-2016(DEL)-TP
  • Tax Payer : Actis Global Services Private Limited
Income tax Appellate Tribunal

ITAT: Rejects exclusion of Compu Learn Tech based on margin fluctuation follows Chryscapital

  • In Favour of Both, Partially
  • Citation Number : TS-556-ITAT-2016(Ahd)-TP
  • Tax Payer : Weatherford Drilling & Production Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-determination of royalty payment to AE to apply EKL ruling ratio

  • In Favour of Assessee
  • Citation Number : TS-555-ITAT-2016(DEL)-TP
  • Tax Payer : G4S Secure Solutions (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Grants stay to NIVEA India on AMP-adjustment addition following earlier orders

  • In Favour of Assessee
  • Citation Number : TS-554-ITAT-2016(Mum)-TP
  • Tax Payer : Nivea India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits LG Life Sciences' AMP-issue determination to TPO; Directs selling expenses exclusion from AMP-expenses

  • In Favour of Assessee
  • Citation Number : TS-553-ITAT-2016(DEL)-TP
  • Tax Payer : L G Life sciences India Pvt Ltd
High Court

HC:Reverses ITAT's comparable exclusion on segmental unavailability; ‘Fundamental’ functional comparability ignored

  • In Favour of Both, Partially
  • Citation Number : TS-552-HC-2016(GUJ)-TP
  • Tax Payer : Allscripts India Private Ltd
High Court

HC: Upholds ITAT-order allowing adjustment for difference in business model of assessee & comparable

  • In Favour of Assessee
  • Citation Number : TS-550-HC-2016(BOM)-TP
  • Tax Payer : PFIZER Ltd