Rulings ( 11982 results )

Filters
Income tax Appellate Tribunal

ITAT: Excludes comparables citing functional differences, high-end services and extra-ordinary events like acquisitions

  • In Favour of Assessee
  • Citation Number : TS-224-ITAT-2016(DEL)-TP
  • Tax Payer : Vertex Customer Services India Pvt Ltd
High Court

HC:Upholds ITAT's 'possible view' on selection of comparables for business support services

  • In Favour of Both, Partially
  • Citation Number : TS-223-HC-2016(BOM)-TP
  • Tax Payer : Goldman Sachs (India) Securities Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adopts 0.5% as commission rate ALP for corporate guarantee; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-222-ITAT-2016(Mum)-TP
  • Tax Payer : Godrej Consumer Products Ltd
Income tax Appellate Tribunal

ITAT: Considers forex gains as operating income, follows precedents; Goldstone Technologies inappropriate comparable

  • In Favour of Assessee
  • Citation Number : TS-221-ITAT-2016(DEL)-TP
  • Tax Payer : NEC Technologies India Ltd
Income tax Appellate Tribunal

ITAT: Includes comparable despite loss in subject-AY as functionally comparable; Follows Goldman-Sachs HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-220-ITAT-2016(Mum)-TP
  • Tax Payer : Siemens Technology Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Merger itself no reason for comparable exclusion when amalgamated company functionally similar

  • In Favour of Both, Partially
  • Citation Number : TS-219-ITAT-2016(Bang)-TP
  • Tax Payer : NTT DATA Global Delivery Services Ltd
Income tax Appellate Tribunal

ITAT:Negative net-worth no reason to exclude comparable if functionally similar, distinguishes Quark-Systems

  • In Favour of Both, Partially
  • Citation Number : TS-218-ITAT-2016(DEL)-TP
  • Tax Payer : Gillette Diversified Operations Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits selection of MAM for software developer; Follows earlier year orders

  • In Favour of Both, Partially
  • Citation Number : TS-217-ITAT-2016(Mum)-TP
  • Tax Payer : Trigyn Technologies Limited
Income tax Appellate Tribunal

ITAT: Lays down 'need, evidence & benefit' tests for intra-group services; Rejects Nil ALP-determination

  • In Favour of Assessee
  • Citation Number : TS-216-ITAT-2016(DEL)-TP
  • Tax Payer : GE Money Financial Services Pvt Ltd
High Court

HC: Upholds adjustment deletion; TPO failed to justify how royalty payment was unnecessary

  • In Favour of Assessee
  • Citation Number : TS-671-HC-2015(DEL)-TP
  • Tax Payer : Lumax Industries Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on royalty; Follows jurisdictional HC-ruling in own case

  • In Favour of Assessee
  • Citation Number : TS-215-ITAT-2016(DEL)-TP
  • Tax Payer : Lumax Industries Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment, interest on AE-loan higher than LIBOR; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-214-ITAT-2016(Mum)-TP
  • Tax Payer : Hinduja Global Solutions Ltd
Income tax Appellate Tribunal

ITAT: Retains ‘Bodhtree’, revenue-recognition models similar; Merger & acquisition always impacts comparable’s profitability

  • In Favour of Both, Partially
  • Citation Number : TS-213-ITAT-2016(DEL)-TP
  • Tax Payer : Sony Mobile Communications International AB
Income tax Appellate Tribunal

ITAT: Companies having significant brand value & providing KPO services incomparable to assessee-BPO

  • In Favour of Assessee
  • Citation Number : TS-212-ITAT-2016(HYD)-TP
  • Tax Payer : C3i Support Services P Ltd
Income tax Appellate Tribunal

ITAT: Remits selection of MAM for medical equipment trading transaction; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-211-ITAT-2016(HYD)-TP
  • Tax Payer : OSI Systems Private Limited
Income tax Appellate Tribunal

ITAT: Excludes derivative losses from operating expenses of assessee & comparables

  • In Favour of Both, Partially
  • Citation Number : TS-210-ITAT-2016(PUN)-TP
  • Tax Payer : Tasty Bite Eatables Limited
Income tax Appellate Tribunal

ITAT:Deletes Sec 271G penalty; Revenue not prejudiced by delay in furnishing of information

  • In Favour of Assessee
  • Citation Number : TS-209-ITAT-2016(DEL)-TP
  • Tax Payer : Mayar India Limited
Income tax Appellate Tribunal

ITAT: Upholds LIBOR+300 as ALP interest rate for loan to AE; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-208-ITAT-2016(Mum)-TP
  • Tax Payer : Firestone International Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on royalty payment to AE; Follows jurisdictional HC-ruling in own-case

  • In Favour of Assessee
  • Citation Number : TS-207-ITAT-2016(DEL)-TP
  • Tax Payer : Reebok India Co
Income tax Appellate Tribunal

ITAT: Confines TP-adjustment to international transactions with AEs; Excludes 2 comparables following earlier-order

  • In Favour of Assessee
  • Citation Number : TS-206-ITAT-2016(PUN)-TP
  • Tax Payer : Visteon Engineering Center (India) Pvt Ltd