Rulings ( 11982 results )

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Income tax Appellate Tribunal

ITAT: Excludes Celestial-Biolabs on grounds of functional dissimilarity for software developer; Follows Infineon-ruling

  • In Favour of Assessee
  • Citation Number : TS-326-ITAT-2016(Bang)-TP
  • Tax Payer : The CSR India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits MAM-selection for purchases; Revenue’s reason for TNMM over RPM selection unclear

  • In Favour of Assessee
  • Citation Number : TS-325-ITAT-2016(DEL)-TP
  • Tax Payer : Stryker India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds TP-addition on loan to AE considering funds diversion to shift profits

  • In Favour of Both, Partially
  • Citation Number : TS-324-ITAT-2016(CHNY)-TP
  • Tax Payer : TVS Logistics Services Ltd
Income tax Appellate Tribunal

ITAT: Declines applying Rs.200cr turnover filter for service sector, relies on Willis Processing ruling

  • In Favour of Assessee
  • Citation Number : TS-323-ITAT-2016(Bang)-TP
  • Tax Payer : Societe Generale Global Solution Centre Pvt Ltd
Income tax Appellate Tribunal

ITAT: Company with diversified segments can't be compared with mere manufacturer; Remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-322-ITAT-2016(CHNY)-TP
  • Tax Payer : Myunghwa Automotive India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits KPO companies' comparability as relevant HC rulings not available during assessment

  • In Favour of Both, Partially
  • Citation Number : TS-321-ITAT-2016(DEL)-TP
  • Tax Payer : Omniglobe Information Technologies (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits KPO characterization; TPO accepted BPO-claim for different AY under Safe-Harbour Rules

  • In Favour of Both, Partially
  • Citation Number : TS-320-ITAT-2016(Ahd)-TP
  • Tax Payer : SNL Financial (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects ALP-determination on estimation basis; TP-adjustment restricting management charge to 25 unwarranted

  • In Favour of Assessee
  • Citation Number : TS-319-ITAT-2016(CHNY)-TP
  • Tax Payer : Flakt (India) Ltd
Income tax Appellate Tribunal

ITAT: Applies 15% RPT filter over 25% as sufficient comparables available; Follows Textron ruling

  • In Favour of Both, Partially
  • Citation Number : TS-318-ITAT-2016(Bang)-TP
  • Tax Payer : LSI Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Applies Intoto-ruling to exclude 8 functionally dissimilar comparables as facts identical

  • In Favour of Assessee
  • Citation Number : TS-317-ITAT-2016(HYD)-TP
  • Tax Payer : D.E. Shaw India Software Pvt Ltd
Income tax Appellate Tribunal

ITAT: AO not obligated to furnish reasons to assessee before making TPO reference

  • In Favour of Both, Partially
  • Citation Number : TS-316-ITAT-2016(Kol)-TP
  • Tax Payer : Philips Electronics Ltd
Income tax Appellate Tribunal

ITAT: Excludes 12 functionally dissimilar comparables for software development service provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-315-ITAT-2016(Bang)-TP
  • Tax Payer : Infor (Bangalore) P Ltd
High Court

HC: Clarifies ITAT order remanding comparability issue; AO / TPO to follow previous ITAT-order

  • In Favour of Assessee
  • Citation Number : TS-314-HC-2016(DEL)-TP
  • Tax Payer : XL India Business Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s adjustment deletion, assessee’s PLI/ gross-profit margin better than comparables

  • In Favour of Assessee
  • Citation Number : TS-313-ITAT-2016(DEL)-TP
  • Tax Payer : Dentsply India Pvt Ltd
Income tax Appellate Tribunal

ITAT: TNMM inappropriate where Govt. regulates sale price; Accepts CUP following ‘consistency’ rule

  • In Favour of Assessee
  • Citation Number : TS-312-ITAT-2016(DEL)-TP
  • Tax Payer : Mosaic India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Allows miscellaneous-petition; Directs working-capital adjustment computation based on actual figures

  • In Favour of Assessee
  • Citation Number : TS-311-ITAT-2016(Bang)-TP
  • Tax Payer : Zyme Solutions P Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-addition on jewellery export applying TNMM; Upholds assessee’s cost plus method

  • In Favour of Assessee
  • Citation Number : TS-310-ITAT-2016(JPR)-TP
  • Tax Payer : Dwarka Gems Limited
Income tax Appellate Tribunal

ITAT: Denies risk adjustment absent TP-addition for ITES-provider; Rejects use of multiple-year data

  • In Favour of Both, Partially
  • Citation Number : TS-309-ITAT-2016(PUN)-TP
  • Tax Payer : Aptara Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits Bodhtree comparability absent complete financial information; Rejects reliance on Citrix ruling

  • In Favour of Both, Partially
  • Citation Number : TS-308-ITAT-2016(Bang)-TP
  • Tax Payer : Nett App India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Legal position ‘crystal-clear’ on AMP-expenditure as ‘international transaction’; Declines remand to AO

  • In Favour of Assessee
  • Citation Number : TS-307-ITAT-2016(Mum)-TP
  • Tax Payer : Thomas Cook (India) Limited