Rulings ( 11978 results )

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Income tax Appellate Tribunal

ITAT: Restricts guarantee commission ALP at 0.5%; Interest on AE-advances to be LIBOR based

  • In Favour of Assessee
  • Citation Number : TS-532-ITAT-2016(Mum)-TP
  • Tax Payer : Grabal Alok Impex Limited
Income tax Appellate Tribunal

ITAT:Dismisses 'infructuous' cross appeals post MAP resolution in Yahoo case

  • In Favour of Assessee
  • Citation Number : TS-531-ITAT-2016(Bang)-TP
  • Tax Payer : Yahoo Software Development India P Ltd
Income tax Appellate Tribunal

ITAT:Remits ALP-determination, notes different business models underlying commission payments to two AEs

  • In Favour of Both, Partially
  • Citation Number : TS-530-ITAT-2016(CHNY)-TP
  • Tax Payer : Saint Gobain Glass India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on export commission paid to AE; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-529-ITAT-2016(Ahd)-TP
  • Tax Payer : Sun Pharmaceutical Industries Ltd
Income tax Appellate Tribunal

ITAT: Permits assessee's appeal withdrawal consequent to APA rollback agreement

  • In Favour of Assessee
  • Citation Number : TS-528-ITAT-2016(HYD)-TP
  • Tax Payer : Broadridge Financial Solutions India P Ltd
High Court

HC: Upholds assessee's aggregation of intra-group services closely linked to manufacturing under TNMM

  • In Favour of Assessee
  • Citation Number : TS-527-HC-2016(DEL)-TP
  • Tax Payer : Avery Dennison (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits functional comparability of 2 companies whose exclusion not contended before TPO/DRP

  • In Favour of Assessee
  • Citation Number : TS-526-ITAT-2016(Mum)-TP
  • Tax Payer : Telcordia Technologies India Pvt Ltd
High Court

HC:Cites binding nature of 'non-appealable' DRP order to reject core R&D characterization

  • In Favour of Assessee
  • Citation Number : TS-525-HC-2016(DEL)-TP
  • Tax Payer : Honda R&D India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Comparables' domestic transaction with non-AEs to be excluded for computing TP-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-524-ITAT-2016(CHNY)-TP
  • Tax Payer : Dun & Bradstreet Technologies & Data Services Pvt Ltd
Income tax Appellate Tribunal

ITAT:Grants stay to ASB International; Applying external-TNMM vs internal-TNMM post-discounting in dispute

  • In Favour of Assessee
  • Citation Number : TS-523-ITAT-2016(Mum)-TP
  • Tax Payer : ASB International Private Limited
Income tax Appellate Tribunal

ITAT: Admits additional evidence, relevant for resolving treatment of INR-denominated CCDs as ECBs

  • In Favour of Both, Partially
  • Citation Number : TS-522-ITAT-2016(DEL)-TP
  • Tax Payer : Brahma Center Development Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects TPO's clubbing of investment advisory with investment banking segment as functionally different

  • In Favour of Assessee
  • Citation Number : TS-521-ITAT-2016(Mum)-TP
  • Tax Payer : Goldman Sachs (I) Securities P Ltd
Income tax Appellate Tribunal

ITAT:Assessment with TP-adjustment of Rs. 69cr invalid as framed in amalgamating company’s name

  • In Favour of Assessee
  • Citation Number : TS-520-ITAT-2016(DEL)-TP
  • Tax Payer : Maruti Suzuki India Ltd
Income tax Appellate Tribunal

ITAT: Excludes 6 companies as comparable for software development service provider

  • In Favour of Assessee
  • Citation Number : TS-519-ITAT-2016(Bang)-TP
  • Tax Payer : Arcot R & D Software Pvt Ltd
Income tax Appellate Tribunal

ITAT: Overseas tested-party concept well-acknowledged by Indian Revenue; Foreign comparables' India-PE status irrelevant

  • In Favour of Assessee
  • Citation Number : TS-518-ITAT-2016(Kol)-TP
  • Tax Payer : Landis Gyr Limited
High Court

HC:Expenditure incurred by co-operative society prima facie not ‘specified domestic transaction’ u/s 40A(2)

  • In Favour of Assessee
  • Citation Number : TS-517-HC-2016(BOM)-TP
  • Tax Payer : Satpuda Tapi Parisar Sahakari Sakhar Karkhana Ltd
Income tax Appellate Tribunal

ITAT: Dismisses assessee's appeal as withdrawn; TP-issues resolved under Indo-US MAP

  • In Favour of Assessee
  • Citation Number : TS-516-ITAT-2016(Bang)-TP
  • Tax Payer : 24/7 Customer P Ltd
High Court

HC: Revenue's appeal against DRP-order impermissible for AY 2010-11; Rejects request for fresh ALP-determination

  • In Favour of Assessee
  • Citation Number : TS-515-HC-2016(DEL)-TP
  • Tax Payer : Trend Micro India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Grants stay; MAM-selection for R&D / management fee receipt from AEs under dispute

  • In Favour of Assessee
  • Citation Number : TS-514-ITAT-2016(CHNY)-TP
  • Tax Payer : Durr India Private Limited
Income tax Appellate Tribunal

ITAT:Upholds assessee’s internal TNMM to benchmark export transaction; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-675-ITAT-2015(CHNY)-TP
  • Tax Payer : Greenland Exports Private Ltd