Rulings ( 11982 results )

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High Court

HC:Refrains DRP from adjudicating on TP applicability till writ disposal

  • In Favour of Both, Partially
  • Citation Number : TS-205-HC-2016(CAL)-TP
  • Tax Payer : PCM Strescon Overseas Ventures Ltd
Income tax Appellate Tribunal

ITAT: Excludes AE reimbursements from operating costs absent functions performed

  • In Favour of Assessee
  • Citation Number : TS-204-ITAT-2016(DEL)-TP
  • Tax Payer : International Merchandising Corporation
Income tax Appellate Tribunal

ITAT: Remits characterization of services whether software development or R&D; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-203-ITAT-2016(Mum)-TP
  • Tax Payer : Polycom Technology (R&D) Centre P Ltd
Income tax Appellate Tribunal

ITAT:Royalty, FTS payments not 'closely-linked', upholds TPO’s segregation; Departs from earlier-AY approach

  • In Favour of Revenue
  • Citation Number : TS-202-ITAT-2016(DEL)-TP
  • Tax Payer : Gruner India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A), deletes TP-adjustments on usage charges, depreciation of product registration rights

  • In Favour of Assessee
  • Citation Number : TS-201-ITAT-2016(Mum)-TP
  • Tax Payer : Gharda Chemicals Limited
Income tax Appellate Tribunal

ITAT: Deletes royalty TP-adjustment but clarifies Coca Cola HC-ruling on RBI approval inapplicable

  • In Favour of Assessee
  • Citation Number : TS-200-ITAT-2016(Mum)-TP
  • Tax Payer : SI Group India Limited
Income tax Appellate Tribunal

ITAT: Deletes interest adjustment on delayed realization of AE-debts; Follows Rusabh Diamonds ruling

  • In Favour of Assessee
  • Citation Number : TS-199-ITAT-2016(Mum)-TP
  • Tax Payer : Firestone Diamond Pvt. Ltd
Income tax Appellate Tribunal

ITAT:Remits management fees payment for examination of evidences not filed during assessment

  • In Favour of Assessee
  • Citation Number : TS-198-ITAT-2016(Mum)-TP
  • Tax Payer : Aker Powergas Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits comparability of E-Infochips for re-examination of segmental information availability

  • In Favour of Assessee
  • Citation Number : TS-197-ITAT-2016(HYD)-TP
  • Tax Payer : Bruno’s Computer Solutions & Software Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s appeal withdrawal as TP-issue resolved under Indo-USA MAP

  • In Favour of Assessee
  • Citation Number : TS-196-ITAT-2016(Bang)-TP
  • Tax Payer : Affiliated Computer Services of India Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal; Upholds ITAT-order following Li & Fung for Sogo Sosha support-provider

  • In Favour of Assessee
  • Citation Number : TS-195-HC-2016(DEL)-TP
  • Tax Payer : Mitsui & Co India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Allows AMP relief to Heinz, advertisements benefited Indian business, not AEs

  • In Favour of Assessee
  • Citation Number : TS-194-ITAT-2016(Mum)-TP
  • Tax Payer : Heinz India Private Limited
Income tax Appellate Tribunal

ITAT: Surrender of TP-addition no reason to levy concealment penalty; Quantum appeal irrelevant

  • In Favour of Assessee
  • Citation Number : TS-193-ITAT-2016(DEL)-TP
  • Tax Payer : Mitsui Prime Advanced Composites India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes adjustment on AE-receivable absent interest charged to non-AE, follows Rushabh Diamond

  • In Favour of Assessee
  • Citation Number : TS-192-ITAT-2016(Mum)-TP
  • Tax Payer : Gitanjali Exports Corporation Limited
Income tax Appellate Tribunal

ITAT:Deletes adjustment on AE-receivable absent interest charged to non-AE, follows Rushabh Diamond

  • In Favour of Assessee
  • Citation Number : TS-191-ITAT-2016(Mum)-TP
  • Tax Payer : Hiraco Jewellery (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Bharti Airtel ruling not per incurium; Deletes corporate guarantee adjustment following Micro Ink

  • In Favour of Assessee
  • Citation Number : TS-190-ITAT-2016(Mum)-TP
  • Tax Payer : Manugraph India Limited
Income tax Appellate Tribunal

ITAT:Remits matter for admission of additional evidence; Relies on Avan-Gidwani ruling

  • In Favour of Assessee
  • Citation Number : TS-189-ITAT-2016(Mum)-TP
  • Tax Payer : DSV Air & Seas Private Ltd
Income tax Appellate Tribunal

ITAT: Directs adoption of LIBOR+2% for benchmarking loan to foreign AE; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-188-ITAT-2016(Mum)-TP
  • Tax Payer : S B & T International Ltd
Income tax Appellate Tribunal

ITAT: Cannot exclude functionally comparable company merely because working-capital impact over 4%

  • In Favour of Assessee
  • Citation Number : TS-187-ITAT-2016(Bang)-TP
  • Tax Payer : Logica Private Limited
Income tax Appellate Tribunal

ITAT:Directs CIT(A) to decide assessee’s appeal on merits, deficient appeal memo rectified

  • In Favour of Assessee
  • Citation Number : TS-186-ITAT-2016(Mum)-TP
  • Tax Payer : Mercator Ltd