Rulings ( 11982 results )

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Income tax Appellate Tribunal

ITAT:Rejects interest-addition on loan converted into share application money, re-characterization impermissible

  • In Favour of Assessee
  • Citation Number : TS-346-ITAT-2016(DEL)-TP
  • Tax Payer : Baba Global Ltd
Income tax Appellate Tribunal

ITAT: Upholds grant of working-capital adjustment and Mascon Global exclusion for software developer

  • In Favour of Assessee
  • Citation Number : TS-345-ITAT-2016(PUN)-TP
  • Tax Payer : BMC Software India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds TNMM over CUP for benchmarking purchase of APIs; Dismisses Revenue’s appeal

  • In Favour of Assessee
  • Citation Number : TS-344-ITAT-2016(Mum)-TP
  • Tax Payer : UCB India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs CIT(A) to adjudicate on TP-adjustment in respect of joint venture arrangement

  • In Favour of Assessee
  • Citation Number : TS-343-ITAT-2016(Mum)-TP
  • Tax Payer : Mahindra Automobiles Distributor Private Limited
Income tax Appellate Tribunal

ITAT: Admits additional evidence; Segmental data relating to internal comparables, 'relevant' data

  • In Favour of Assessee
  • Citation Number : TS-342-ITAT-2016(DEL)-TP
  • Tax Payer : Seven N Consulting Pvt Ltd
Income tax Appellate Tribunal

ITAT: Genesys International comparable with ITES-provider; Remits capacity adjustment following earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-341-ITAT-2016(PUN)-TP
  • Tax Payer : Affinity Express India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Admits additional grounds for comparables exclusion and RPT-filter modification to 15%

  • In Favour of Both, Partially
  • Citation Number : TS-340-ITAT-2016(Bang)-TP
  • Tax Payer : Pole to Win India Pvt Ltd
Income tax Appellate Tribunal

ITAT:DRP to pass reasoned order; Although ‘res-judicata’ inapplicable, ‘consistency rule’ still applies

  • In Favour of Both, Partially
  • Citation Number : TS-339-ITAT-2016(Mum)-TP
  • Tax Payer : Bayer CropScience Limited
Income tax Appellate Tribunal

ITAT: Rejects Revenue's dissecting approach, follows Vodafone; Cannot partially disallow common agreement services

  • In Favour of Assessee
  • Citation Number : TS-338-ITAT-2016(DEL)-TP
  • Tax Payer : E I DuPont India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Applies markup agreed under US-MAP to non-US transactions, follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-337-ITAT-2016(Mum)-TP
  • Tax Payer : J P Morgan Services India P Ltd
Income tax Appellate Tribunal

ITAT: Service-provider incomparable to distributor; Assessee's acceptance of TP-adjustment under MAP, not consent

  • In Favour of Assessee
  • Citation Number : TS-336-ITAT-2016(DEL)-TP
  • Tax Payer : Turner International India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes Rs.326cr adjustment; Assessee entiteld to cost-plus remuneration, not on commission basis

  • In Favour of Assessee
  • Citation Number : TS-335-ITAT-2016(DEL)-TP
  • Tax Payer : GAP International Sourcing (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Applies 3% R&D filter, Rs 25-150cr turnover filter for selecting comparables for software developer

  • In Favour of Both, Partially
  • Citation Number : TS-334-ITAT-2016(PUN)-TP
  • Tax Payer : BMC Software India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Judging necessity of expenditure beyond AO/TPO's domain; Rejects Nil-ALP for trademark purchase

  • In Favour of Both, Partially
  • Citation Number : TS-333-ITAT-2016(DEL)-TP
  • Tax Payer : Fabindia Overseas Ltd
Income tax Appellate Tribunal

ITAT: Upholds Nil-ALP for management charges absent proof; Compensation unwarranted for shareholder functions

  • In Favour of Revenue
  • Citation Number : TS-332-ITAT-2016(CHNY)-TP
  • Tax Payer : Technical Stampings Automotive Ltd
Income tax Appellate Tribunal

ITAT: AO cannot refer matter decided by DRP back to TPO; Deletes TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-331-ITAT-2016(Bang)-TP
  • Tax Payer : Lenovo (India) P Ltd
Income tax Appellate Tribunal

ITAT: Upholds TNMM for benchmarking import of API; Follows earlier year orders

  • In Favour of Assessee
  • Citation Number : TS-330-ITAT-2016(Mum)-TP
  • Tax Payer : UCB India Ltd
Income tax Appellate Tribunal

ITAT:Remits TP grounds related to interest on subsidiary loan; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-329-ITAT-2016(DEL)-TP
  • Tax Payer : Motherson Sumi Systems Ltd
Income tax Appellate Tribunal

ITAT: TPO to consider capacity-utilisation adjustment & other adjustments allowed in subsequent-AYs

  • In Favour of Both, Partially
  • Citation Number : TS-328-ITAT-2016(PUN)-TP
  • Tax Payer : Nord Drive Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 2 functionally dissimilar comparables for investment advisory service provider; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-327-ITAT-2016(Mum)-TP
  • Tax Payer : AGM India Advisors Private Limited