Rulings ( 11982 results )

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Income tax Appellate Tribunal

ITAT: Allows adjustment for market-driven factors considering 45 price reduction of premium product

  • In Favour of Both, Partially
  • Citation Number : TS-366-ITAT-2016(Mum)-TP
  • Tax Payer : Syngenta India Ltd
Income tax Appellate Tribunal

ITAT: Stays Rs 8 crores demand arising from AMP-adjustment; Balance of convenience in assessee’s favour

  • In Favour of Assessee
  • Citation Number : TS-365-ITAT-2016(DEL)-TP
  • Tax Payer : Readers Digest Book and Home Entertainment India P Ltd
Income tax Appellate Tribunal

ITAT: Restores stay vacated earlier considering Rs 25 lakhs deposit & rectification in appeal-memo defect

  • In Favour of Assessee
  • Citation Number : TS-364-ITAT-2016(CHNY)-TP
  • Tax Payer : Foxteq Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Approves, in principle, gross profit/ sales as PLI for import of auto-components

  • In Favour of Both, Partially
  • Citation Number : TS-363-ITAT-2016(Bang)-TP
  • Tax Payer : Kirloskar Toyota Textile Machinery Private Limited
Income tax Appellate Tribunal

ITAT: Retains Avni-Cincom as comparable for software developer; Follows Toluna over Sun-Life ruling

  • In Favour of Both, Partially
  • Citation Number : TS-362-ITAT-2016(DEL)-TP
  • Tax Payer : AVL India Software Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 9 comparables for software development services provider; Follows Toluna India ruling

  • In Favour of Both, Partially
  • Citation Number : TS-361-ITAT-2016(DEL)-TP
  • Tax Payer : Nokia Siemens Networks India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-additions on AMP-expenses & royalty payment following earlier year decision

  • In Favour of Both, Partially
  • Citation Number : TS-360-ITAT-2016(DEL)-TP
  • Tax Payer : Maruti Suzuki India Ltd
Income tax Appellate Tribunal

ITAT: Excludes preliminary / pre-operative expenses from operating cost absent connection with business operations

  • In Favour of Both, Partially
  • Citation Number : TS-359-ITAT-2016(Bang)-TP
  • Tax Payer : KHF Components Pvt Ltd
Income tax Appellate Tribunal

ITAT: Outstanding AE-receivables not independent transaction; ALP-determination considering working capital adjustment sufficient

  • In Favour of Both, Partially
  • Citation Number : TS-358-ITAT-2016(Bang)-TP
  • Tax Payer : Dell International Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Medical transcription incomparable with data processing, retail marketing service; Rejects comparable inclusion

  • In Favour of Both, Partially
  • Citation Number : TS-357-ITAT-2016(DEL)-TP
  • Tax Payer : OKS Span Tech Pvt Ltd
Income tax Appellate Tribunal

ITAT: Variation in PLI cannot itself justify use of multiple year data

  • In Favour of Revenue
  • Citation Number : TS-356-ITAT-2016(PUN)-TP
  • Tax Payer : Vishay Components India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 7 comparables for IT/ITES provider; Follows earlier-order on identical facts

  • In Favour of Assessee
  • Citation Number : TS-355-ITAT-2016(DEL)-TP
  • Tax Payer : Orange Business Services India Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adopts 15% RPT-filter considering availability of comparables; 0% filter an ‘impossible situation’

  • In Favour of Assessee
  • Citation Number : TS-354-ITAT-2016(Bang)-TP
  • Tax Payer : Net Devices India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds Indian PLR over LIBOR to benchmark INR-denominated ECBs from foreign AE

  • In Favour of Assessee
  • Citation Number : TS-353-ITAT-2016(DEL)-TP
  • Tax Payer : BT(India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds hourly-rate as CUP for man-power provision, but rejects weighted average

  • In Favour of Both, Partially
  • Citation Number : TS-352-ITAT-2016(HYD)-TP
  • Tax Payer : Taksheel Solutions Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables selection for assessee's software development / ITES segments, follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-351-ITAT-2016(Mum)-TP
  • Tax Payer : GlobeOp Financial Services India
Income tax Appellate Tribunal

ITAT: Rejects WDV as CUP for benchmarking second-hand machinery purchase

  • In Favour of Assessee
  • Citation Number : TS-350-ITAT-2016(CHNY)-TP
  • Tax Payer : Interpump Hydraulics India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 2 comparables outsourcing majority work; Turnover no ground for exclusion

  • In Favour of Assessee
  • Citation Number : TS-349-ITAT-2016(DEL)-TP
  • Tax Payer : American Express India Private Ltd
Income tax Appellate Tribunal

ITAT: Mere fraud allegation no reason to exclude comparable if business impact unproved

  • In Favour of Both, Partially
  • Citation Number : TS-348-ITAT-2016(Bang)-TP
  • Tax Payer : Goldman Sachs Services P Ltd
Income tax Appellate Tribunal

ITAT: TPO's questioning of intra-group services' benefit, gross violation of jurisdictional Lakshman Rekha

  • In Favour of Assessee
  • Citation Number : TS-347-ITAT-2016(Mum)-TP
  • Tax Payer : Nielsen (India) Private Limited