Rulings ( 11978 results )

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Income tax Appellate Tribunal

ITAT:Quashes revision; Assessment completed without TPO-reference not erroneous, relies on Vodafone & TCS-ruling

  • In Favour of Assessee
  • Citation Number : TS-512-ITAT-2016(Bang)-TP
  • Tax Payer : Obulapuram Mining Company Pvt Ltd
Income tax Appellate Tribunal

ITAT:Grants conditional stay; Assessee has arguable case on TP-issues

  • In Favour of Assessee
  • Citation Number : TS-511-ITAT-2016(CHNY)-TP
  • Tax Payer : Socomec Innovative Power Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT:Grants conditional stay, cites need for verification of working-capital adjustment claim

  • In Favour of Assessee
  • Citation Number : TS-510-ITAT-2016(CHNY)-TP
  • Tax Payer : Foxteq Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects Nil-ALP for technical support services as commercial expediency and benefit established

  • In Favour of Assessee
  • Citation Number : TS-509-ITAT-2016(DEL)-TP
  • Tax Payer : Showa India Pvt Ltd
High Court

HC: Confirms ITAT-order deleting interest adjustment on receivables, notes assessee is debt-free company

  • In Favour of Assessee
  • Citation Number : TS-508-HC-2016(DEL)-TP
  • Tax Payer : Bechtel India Ltd
High Court

HC: Upholds ITAT's exclusion of 4 comparables for software developer following earlier order

  • In Favour of Assessee
  • Citation Number : TS-507-HC-2016(DEL)-TP
  • Tax Payer : Toluna India Pvt Ltd
High Court

HC:Upholds ITAT’s adjustment to comparable's profit-margin for cost-free supplies from Railways

  • In Favour of Assessee
  • Citation Number : TS-506-HC-2016(DEL)-TP
  • Tax Payer : Bombardier Transportation India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables for software-developer applying turnover & RPT fliter; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-505-ITAT-2016(Bang)-TP
  • Tax Payer : JDA Software Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment as below 5% range of ALP variation; Follows jurisdictional HC-rulings

  • In Favour of Assessee
  • Citation Number : TS-504-ITAT-2016(DEL)-TP
  • Tax Payer : EDAG Engineering & Design India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows management fee payments; Considers Revenue’s contrary stand in subsequent APA

  • In Favour of Assessee
  • Citation Number : TS-503-ITAT-2016(Bang)-TP
  • Tax Payer : AXA Technologies Shared Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: KALS-Information incomparable to software developer assessee; Remits comparability of ICRA Techno-Analytics

  • In Favour of Both, Partially
  • Citation Number : TS-502-ITAT-2016(Bang)-TP
  • Tax Payer : Aptean Software India Pvt Ltd
High Court

HC:Quashes TPO-reference without hearing assessee; CBDT Instruction 3/2016 procedural, applicable retrospectively

  • In Favour of Both, Partially
  • Citation Number : TS-501-HC-2016(DEL)-TP
  • Tax Payer : Indorama Synthetics India Ltd
Income tax Appellate Tribunal

ITAT: Allows capacity adjustment in-principle; Distinguishes EDAG ruling in context of 100 captives

  • In Favour of Assessee
  • Citation Number : TS-500-ITAT-2016(DEL)-TP
  • Tax Payer : Frigoglass India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rampgreen HC-ruling on BPO’s comparability not helpful in deciding high-end KPO’s comparability

  • In Favour of Both, Partially
  • Citation Number : TS-499-ITAT-2016(DEL)-TP
  • Tax Payer : Bechtel India Pvt Ltd
Income tax Appellate Tribunal

ITAT: US-MAP pricing applicable to non-US AE transactions only if FAR similar

  • In Favour of Both, Partially
  • Citation Number : TS-498-ITAT-2016(Bang)-TP
  • Tax Payer : Dell International Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts CUP for benchmarking earthmoving machinery purchases; Confirms penalty on transaction non-disclosure

  • In Favour of Both, Partially
  • Citation Number : TS-497-ITAT-2016(DEL)-TP
  • Tax Payer : Liugong India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Assuming TPO’s power under the garb of making disallowance u/s 37(1) impermissible

  • In Favour of Assessee
  • Citation Number : TS-496-ITAT-2016(DEL)-TP
  • Tax Payer : YKK India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes intragroup services TP-adjustment; Corresponding reduction in ITeS-markup results in base erosion

  • In Favour of Assessee
  • Citation Number : TS-495-ITAT-2016(DEL)-TP
  • Tax Payer : Mercer Consulting India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Technical support fees paid to AE, not sham transaction; Remits ALP determination

  • In Favour of Assessee
  • Citation Number : TS-494-ITAT-2016(HYD)-TP
  • Tax Payer : IWM Constructions (P) Ltd
High Court

HC: Espouses principles for Berry ratio application, effective only for “stripped–down distributors”

  • In Favour of Both, Partially
  • Citation Number : TS-493-HC-2016(DEL)-TP
  • Tax Payer : Sumitomo Corporation India Pvt Ltd