Rulings ( 11982 results )

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Income tax Appellate Tribunal

ITAT: Upholds royalty adjustment deletion; Loss in relevant year not attributable to royalty

  • In Favour of Assessee
  • Citation Number : TS-306-ITAT-2016(Ahd)-TP
  • Tax Payer : Panasonic Energy India Co Ltd
Income tax Appellate Tribunal

ITAT: Dismisses appeal as infructuous; TP-matter involving IT/ITES transactions resolved under MAP

  • In Favour of Both, Partially
  • Citation Number : TS-305-ITAT-2016(Bang)-TP
  • Tax Payer : Informatica Business Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT:Allows assessee's miscellaneous petition for remanding comparability to same authority for parity

  • In Favour of Assessee
  • Citation Number : TS-304-ITAT-2016(Bang)-TP
  • Tax Payer : ACI Worldwide Solutions P Ltd
Income tax Appellate Tribunal

ITAT: CIT(A)'s directions excluding comparables based on HC/ITAT rulings not beyond Sec 251(1)(a) mandate

  • In Favour of Assessee
  • Citation Number : TS-303-ITAT-2016(Bang)-TP
  • Tax Payer : Arcot R&D Software P Ltd
Income tax Appellate Tribunal

ITAT: Subsequent year exclusion not decisive while determining comparability for other years

  • In Favour of Both, Partially
  • Citation Number : TS-302-ITAT-2016(DEL)-TP
  • Tax Payer : NTT DATA Global Delivery Services Ltd
Income tax Appellate Tribunal

ITAT: Dismisses TP-ground as infructuous in view of resolution under India-UK MAP

  • In Favour of Both, Partially
  • Citation Number : TS-301-ITAT-2016(DEL)-TP
  • Tax Payer : Rolls Royce India Ltd
Income tax Appellate Tribunal

ITAT: No bar on agitating comparable inadvertently included in TP-study; Follows Quark ruling

  • In Favour of Assessee
  • Citation Number : TS-300-ITAT-2016(DEL)-TP
  • Tax Payer : LG Chemical India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds disallowance of expatriate cost charged by HO, commercial expediency not established

  • In Favour of Both, Partially
  • Citation Number : TS-299-ITAT-2016(Bang)-TP
  • Tax Payer : AMD Far East Limited – Indian Branch office
Income tax Appellate Tribunal

ITAT: Deletes interest adjustment on AE-receivables, putting limit of 2 months credit-period arbitrary

  • In Favour of Both, Partially
  • Citation Number : TS-298-ITAT-2016(HYD)-TP
  • Tax Payer : GSS Infotech Limited
Income tax Appellate Tribunal

ITAT: Rejects negative working-capital adjustment absent borrowed funds, credit risk; Follows Adaptec ruling

  • In Favour of Assessee
  • Citation Number : TS-297-ITAT-2016(Bang)-TP
  • Tax Payer : Software AG Bangalore Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits issue, directs assessee to conclusively prove ALP of import / export transactions

  • In Favour of Both, Partially
  • Citation Number : TS-296-ITAT-2016(PUN)-TP
  • Tax Payer : Floressence Perfumes Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds Rs.1-100 cr turnover filter; Grants working-capital adjustment despite no plea before TPO

  • In Favour of Assessee
  • Citation Number : TS-295-ITAT-2016(PUN)-TP
  • Tax Payer : Starent Networks India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Directs TPO to consider assessee's additional evidences for analyzing foreign-AE as tested-party

  • In Favour of Both, Partially
  • Citation Number : TS-294-ITAT-2016(Mum)-TP
  • Tax Payer : Royal Canin India Private Limited
Income tax Appellate Tribunal

ITAT: Proof of service rendition indispensable for expenditure allowability; Rejects ‘Nil’ ALP-determination

  • In Favour of Both, Partially
  • Citation Number : TS-293-ITAT-2016(Bang)-TP
  • Tax Payer : 3M India Ltd
Income tax Appellate Tribunal

ITAT: PE's strong nexus in source country's 'economic life' decisive; Attributes 35 profits

  • In Favour of Both, Partially
  • Citation Number : TS-292-ITAT-2016(DEL)-TP
  • Tax Payer : ZTE Corporation
Income tax Appellate Tribunal

ITAT: Rejects rectification plea; Construes comparable-exclusion citing earlier-year order as 'review'

  • In Favour of Both, Partially
  • Citation Number : TS-291-ITAT-2016(Bang)-TP
  • Tax Payer : NXP Semiconductors India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits reimbursement of expenses to AE absent proper evidence examination by TPO

  • In Favour of Both, Partially
  • Citation Number : TS-290-ITAT-2016(Mum)-TP
  • Tax Payer : Wells Fargo Real Estate Advisors Private Limited
Income tax Appellate Tribunal

ITAT: Directs segment-wise TNMM application as separate information available for AE / non-AE segments

  • In Favour of Assessee
  • Citation Number : TS-288-ITAT-2016(Mum)-TP
  • Tax Payer : JM Financial Institutional Securities Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue's appeal challenging CIT(A)'s remand-back, directs exclusion of functionally dissimilar companies

  • In Favour of Both, Partially
  • Citation Number : TS-287-ITAT-2016(Bang)-TP
  • Tax Payer : INtellinet Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Admits Non-resident's affidavit as additional evidence, cites Hague Convention abolishing legalization requirement

  • In Favour of Assessee
  • Citation Number : TS-286-ITAT-2016(DEL)-TP
  • Tax Payer : Kamla Dials and Devices Ltd