Rulings ( 11982 results )

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Income tax Appellate Tribunal

ITAT: Remits TP-adjustment to AO for adopting CUP method as directed by DRP

  • In Favour of Both, Partially
  • Citation Number : TS-285-ITAT-2016(HYD)-TP
  • Tax Payer : Alumeco India Extrusion Limited
Income tax Appellate Tribunal

ITAT: Reprimands TPO’s cherry-picking of comparables; DRP empowered to admit additional evidence

  • In Favour of Assessee
  • Citation Number : TS-284-ITAT-2016(Mum)-TP
  • Tax Payer : Rolls Royce Marine India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Expenses allowability under AO's exclusive domain, remits issue of intra-group charges

  • In Favour of Both, Partially
  • Citation Number : TS-283-ITAT-2016(DEL)-TP
  • Tax Payer : Voith Siemens Hydro Private Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-addition on sale to AE; TPO’s ALP within 5% tolerance range

  • In Favour of Assessee
  • Citation Number : TS-282-ITAT-2016(Mum)-TP
  • Tax Payer : Kashikey Diamonds India P Ltd
Income tax Appellate Tribunal

ITAT: Allows operating expenses adjustment in assessee's 1st year, provides level-playing field with comparables

  • In Favour of Both, Partially
  • Citation Number : TS-281-ITAT-2016(DEL)-TP
  • Tax Payer : MGE UPS System India P Ltd
Income tax Appellate Tribunal

ITAT: Remits service characterization whether software development or R&D; Follows earlier

  • In Favour of Both, Partially
  • Citation Number : TS-280-ITAT-2016(Mum)-TP
  • Tax Payer : Polycom Technology (R&D) Centre Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables selection for software development and sales support segments; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-279-ITAT-2016(Bang)-TP
  • Tax Payer : Electronics for Imaging India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 12 comparables for software-developer; Follows Kodiak ITAT-ruling as facts identical

  • In Favour of Assessee
  • Citation Number : TS-278-ITAT-2016(Bang)-TP
  • Tax Payer : Electronics for Imaging India Pvt Ltds
Income tax Appellate Tribunal

ITAT: Interest-free advance ‘international transaction’ under Explanation to Sec 92B; Rejects assessee’s commercial-expediency plea

  • In Favour of Revenue
  • Citation Number : TS-277-ITAT-2016(Mum)-TP
  • Tax Payer : Strides Shasun Limited
High Court

HC:Refrains from adjudicating appeal absent territorial jurisdiction; Follows Motorola, Parabolic Drugs rulings

  • In Favour of Both, Partially
  • Citation Number : TS-276-HC-2016(P & H)-TP
  • Tax Payer : ITW India Limited
High Court

HC: Confirms ITAT following Li& Fung; Adjustments towards location savings, human & supply-chain intangibles unsustainable

  • In Favour of Assessee
  • Citation Number : TS-275-HC-2016(DEL)-TP
  • Tax Payer : Marubeni Itochu Steel P Ltd
Income tax Appellate Tribunal

ITAT: Remits MAM-selection for software developer absent reasoning for TPO’s deviation from earlier-TNMM

  • In Favour of Both, Partially
  • Citation Number : TS-274-ITAT-2016(Mum)-TP
  • Tax Payer : Xoriant Solutions P Ltd
Income tax Appellate Tribunal

ITAT:Confirms CIT(A); Ad-hoc 25-disallowance of consultancy charges unjustified, TPO's power not unbridled

  • In Favour of Assessee
  • Citation Number : TS-273-ITAT-2016(Mum)-TP
  • Tax Payer : Intertoll ICS India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits capacity utilization adjustment granted without basis; Directs passing of speaking order

  • In Favour of Both, Partially
  • Citation Number : TS-271-ITAT-2016(PUN)-TP
  • Tax Payer : INA Bearings India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 2 functionally dissimilar comparables for software development provider; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-270-ITAT-2016(Bang)-TP
  • Tax Payer : Witness Systems Software India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs entity-level benchmarking; Doubts segmental financial reliability citing difference with cost records

  • In Favour of Both, Partially
  • Citation Number : TS-269-ITAT-2016(Kol)-TP
  • Tax Payer : Reckitt Benckiser (India) Limited
Income tax Appellate Tribunal

ITAT: Authentic ‘quoted prices’ acceptable for comparability analysis under CUP; Follows Adani Wilmar HC-decision

  • In Favour of Assessee
  • Citation Number : TS-268-ITAT-2016(DEL)-TP
  • Tax Payer : Noble Resources & Trading India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits royalty issue to follow earlier-order; Rejects TPO's contradictory views on identical issue

  • In Favour of Assessee
  • Citation Number : TS-267-ITAT-2016(Bang)-TP
  • Tax Payer : Toyota Kirloskar Auto Parts Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Rejects support services re-characterization as trading for Sogo Shosha entity; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-266-ITAT-2016(DEL)-TP
  • Tax Payer : Mitsui & Co. India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects turnover filter range of Rs.1-200 cr, suggests application of 10 times multiple

  • In Favour of Assessee
  • Citation Number : TS-265-ITAT-2016(Bang)-TP
  • Tax Payer : Maxim India Integrated Circuit Design Pvt Ltd