Rulings ( 11982 results )

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Income tax Appellate Tribunal

ITAT: Rules on comparables selection for assessee's ‘application engineered software development’ services

  • In Favour of Assessee
  • Citation Number : TS-244-ITAT-2016(DEL)-TP
  • Tax Payer : Emerson Process Management Power & Water Solutions India Pvt Ltd
High Court

HC: Rejects re-assessment on US-parent, Indian-subsidiary assessed at arm's length not PE

  • In Favour of Assessee
  • Citation Number : TS-243-HC-2016(DEL)-TP
  • Tax Payer : Adobe Systems Incorporated
Income tax Appellate Tribunal

ITAT: Rejects pass-through treatment for sub-contract costs directed towards rendering AE-services

  • In Favour of Both, Partially
  • Citation Number : TS-242-ITAT-2016(DEL)-TP
  • Tax Payer : Kobelco Cranes India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar KPO companies for software development / ITES provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-241-ITAT-2016(PUN)-TP
  • Tax Payer : Principal Global Services Private Limited
Income tax Appellate Tribunal

ITAT: Directs CIT(A) to pass speaking-order on comparables selection without restoring matter to AO/TPO

  • In Favour of Assessee
  • Citation Number : TS-240-ITAT-2016(Bang)-TP
  • Tax Payer : Freescale Software India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects management charge disallowance based on revenues, TPO must apply suitable method

  • In Favour of Assessee
  • Citation Number : TS-239-ITAT-2016(CHNY)-TP
  • Tax Payer : M/s AB Mauri India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes AMP-adjustment and remits royalty TP-issue to AO, follows own orders

  • In Favour of Assessee
  • Citation Number : TS-238-ITAT-2016(DEL)-TP
  • Tax Payer : Honda Siel Power Product Ltd
Income tax Appellate Tribunal

ITAT: Remits AMP-issue, rejects DRP's refusal to apply Maruti ruling to assessee-distributor

  • In Favour of Assessee
  • Citation Number : TS-237-ITAT-2016(DEL)-TP
  • Tax Payer : Fujifilm India Pvt Ltd
Income tax Appellate Tribunal

ITAT:McDonalds India's royalties from franchise a 'pass-through', remitted to US-AE without value-addition

  • In Favour of Assessee
  • Citation Number : TS-236-ITAT-2016(DEL)-TP
  • Tax Payer : McDonalds India (P) Ltd
Income tax Appellate Tribunal

ITAT: TPO's refusal to consider any new comparables justified, on ‘touchstone of parity’

  • In Favour of Assessee
  • Citation Number : TS-235-ITAT-2016(DEL)-TP
  • Tax Payer : Federal Mogul Automotive Products (India) Ltd
Income tax Appellate Tribunal

ITAT: Rejects AO's 'deemed AE' conclusion, TPO-reference invalid absent international transaction; Assessment time-barred

  • In Favour of Assessee
  • Citation Number : TS-234-ITAT-2016(PUN)-TP
  • Tax Payer : Suttati Enterprises Pvt Ltd
Income tax Appellate Tribunal

ITAT:Alphageo functionally different to assessee providing Research & Technical services; Directs exclusion

  • In Favour of Assessee
  • Citation Number : TS-233-ITAT-2016(Mum)-TP
  • Tax Payer : Syngenta Biosciences Private Limited
Income tax Appellate Tribunal

ITAT:Deletes TP adjustment; TPO/DRP erred in computing comparables' margin

  • In Favour of Assessee
  • Citation Number : TS-232-ITAT-2016(Mum)-TP
  • Tax Payer : PPG Coatings India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 9 functionally different comparables for software development service provider

  • In Favour of Assessee
  • Citation Number : TS-231-ITAT-2016(HYD)-TP
  • Tax Payer : United Online Software Development (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows working capital adjustment considering DRP’s directions for subsequent AY

  • In Favour of Assessee
  • Citation Number : TS-230-ITAT-2016(DEL)-TP
  • Tax Payer : Tata McGraw Hill Education
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables having abnormal turnover; Relies on co-ordinate bench rulings

  • In Favour of Assessee
  • Citation Number : TS-229-ITAT-2016(HYD)-TP
  • Tax Payer : United States Pharmacopeia India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes AMP-adjustment; Advertisements significant factor for assessee’s growth in Indian market

  • In Favour of Assessee
  • Citation Number : TS-228-ITAT-2016(Mum)-TP
  • Tax Payer : LÓreal India Private Limited
Income tax Appellate Tribunal

ITAT: Adopts 0.5% ALP commission rate for corporate guarantee; Follows Everest Kento HC ruling

  • In Favour of Assessee
  • Citation Number : TS-227-ITAT-2016(Mum)-TP
  • Tax Payer : Thomas Cook (India) Limited
Income tax Appellate Tribunal

ITAT: Deletes AMP adjustment; Maruti HC-ruling not distinguishable merely because BLT not applied

  • In Favour of Assessee
  • Citation Number : TS-226-ITAT-2016(DEL)-TP
  • Tax Payer : Goodyear India Ltd
Income tax Appellate Tribunal

ITAT: Upholds nearest-date approach for benchmarking import transactions under CUP; Deletes TP adjustments

  • In Favour of Assessee
  • Citation Number : TS-225-ITAT-2016(Mum)-TP
  • Tax Payer : Petrochem Middle East India Pvt Ltd