Rulings ( 11982 results )

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Income tax Appellate Tribunal

ITAT:CBDT Instruction 3/2016 prospective; Upholds TPO’s jurisdiction to determine ALP of unreported AMP-transaction

  • In Favour of Both, Partially
  • Citation Number : TS-469-ITAT-2016(DEL)-TP
  • Tax Payer : Nikon India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects single comparable for benchmarking marketing services to AE, follows Fortune –Infotech ruling

  • In Favour of Both, Partially
  • Citation Number : TS-468-ITAT-2016(CHNY)-TP
  • Tax Payer : GE Healthcare Bio-Sciences Ltd
Income tax Appellate Tribunal

ITAT:SB explains base erosion - transfer pricing relationship; Adjustment mandatory for inbound interest-free loan

  • In Favour of Revenue
  • Citation Number : TS-467-ITAT-2016(Kol)-TP
  • Tax Payer : Instrumentarium Corporation Limited
Income tax Appellate Tribunal

ITAT: Deletes AMP-adjustment; Perceived indirect AE benefit can't bring AMP-expenditure in TP-ambit

  • In Favour of Assessee
  • Citation Number : TS-466-ITAT-2016(Mum)-TP
  • Tax Payer : Mattel Toys (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Sets aside DRP’s non-speaking order rejecting additional evidence, relies on earlier rulings

  • In Favour of Both, Partially
  • Citation Number : TS-465-ITAT-2016(CHNY)-TP
  • Tax Payer : AVO Carbon India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds TPO/DRP’s transaction specific approach to benchmark management fee payment to AE

  • In Favour of Revenue
  • Citation Number : TS-464-ITAT-2016(CHNY)-TP
  • Tax Payer : YCH Logistics India Private Limited
Income tax Appellate Tribunal

ITAT: Allows assessee’s appeal withdrawal as TP-issue resolved under MAP

  • In Favour of Assessee
  • Citation Number : TS-461-ITAT-2016(Bang)-TP
  • Tax Payer : 24/7 Customer Private Limited
Income tax Appellate Tribunal

ITAT: Allows assessee’s miscellaneous petition; Adjustments for non-operating costs remained un-adjudicated in appeal

  • In Favour of Assessee
  • Citation Number : TS-460-ITAT-2016(Bang)-TP
  • Tax Payer : Telelogic India Pvt Ltd
Income tax Appellate Tribunal

ITAT: TPO ignored new set-up & functioning for 3 months, remits capacity utilization adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-459-ITAT-2016(Mum)-TP
  • Tax Payer : Radhashir Jewellery Co Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment absent profit motive; Exports undertaken for attaining Star export-house status

  • In Favour of Assessee
  • Citation Number : TS-458-ITAT-2016(DEL)-TP
  • Tax Payer : Pepsico India Holdings P Ltd
Income tax Appellate Tribunal

ITAT: Selection of foreign-AE as ‘tested-party’ lacks statutory sanction; Rejects least-complex entity argument

  • In Favour of Both, Partially
  • Citation Number : TS-457-ITAT-2016(DEL)-TP
  • Tax Payer : GE Money Financial Services Pvt Ltd
Supreme Court

SC: After Honda, SC admits SLP on AMP-adjustment in Bausch & Lomb’s (distributor) case

  • In Favour of Revenue
  • Citation Number : TS-456-SC-2016-TP
  • Tax Payer : Bausch and Lomb Eyecare (India) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Rejects TPO’s CUP application, as royalty transaction covered under entity-TNMM

  • In Favour of Both, Partially
  • Citation Number : TS-455-ITAT-2016(DEL)-TP
  • Tax Payer : Daksh Business Process Services Pvt Ltd
Income tax Appellate Tribunal

ITAT:Accepts TNMM over CPM for benchmarking exports to AE; Follows Gemstone-Glass ruling

  • In Favour of Both, Partially
  • Citation Number : TS-673-ITAT-2015(Ahd)-TP
  • Tax Payer : Pino Bisazza Glass Pvt Ltd
Income tax Appellate Tribunal

ITAT:Excludes 5 functionally dissimilar comparables for assessee providing procurement services to AE

  • In Favour of Assessee
  • Citation Number : TS-453-ITAT-2016(DEL)-TP
  • Tax Payer : Adidas Technical Services P Ltd
Income tax Appellate Tribunal

ITAT: Remits location savings TP-issue; AO to consider if facts identical to Watson-Pharma ruling

  • In Favour of Both, Partially
  • Citation Number : TS-452-ITAT-2016(Mum)-TP
  • Tax Payer : PFIZER Ltd
Income tax Appellate Tribunal

ITAT:Deletes interest adjustment on loan from foreign-AE; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-451-ITAT-2016(Bang)-TP
  • Tax Payer : Rittal India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Sets aside 'cryptic' CIT(A)-order on intra-group services rendered by UK-bank's Indian branch

  • In Favour of Both, Partially
  • Citation Number : TS-450-ITAT-2016(Mum)-TP
  • Tax Payer : Barclays Bank PLC
Income tax Appellate Tribunal

ITAT: Excludes Infosys Technologies as comparable following jurisdictional HC-ruling in Pentair India

  • In Favour of Assessee
  • Citation Number : TS-449-ITAT-2016(Mum)-TP
  • Tax Payer : LRN Technology and Content Solutions (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits comparables selection to consider assessee’s objections on all filters / functional dissimilarities

  • In Favour of Both, Partially
  • Citation Number : TS-448-ITAT-2016(Bang)-TP
  • Tax Payer : Supervalu Services India Pvt Ltd