Rulings ( 11982 results )

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Income tax Appellate Tribunal

ITAT: Deletes TP-addition on corporate guarantee; Follows earlier AY decision in own case

  • In Favour of Assessee
  • Citation Number : TS-185-ITAT-2016(Mum)-TP
  • Tax Payer : Siro Clinpharm Private Limited
Income tax Appellate Tribunal

ITAT: Directs adoption of AE country interest rates for outbound loan; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-184-ITAT-2016(Bang)-TP
  • Tax Payer : Subex Limited
Income tax Appellate Tribunal

ITAT:Deletes adjustment following Li-Fung ruling; Assessee a provider of sourcing services, not manufacturer

  • In Favour of Assessee
  • Citation Number : TS-183-ITAT-2016(DEL)-TP
  • Tax Payer : Bestseller United India Private Ltd
Income tax Appellate Tribunal

ITAT: Rejects CIT(A)'s approach of benchmarking foreign tested-party with Indian company

  • In Favour of Both, Partially
  • Citation Number : TS-182-ITAT-2016(Bang)-TP
  • Tax Payer : Kshema Technologies Limited
Income tax Appellate Tribunal

ITAT: Directs verification of ‘Loan Connector’ database rates for benchmarking interest received

  • In Favour of Assessee
  • Citation Number : TS-181-ITAT-2016(Bang)-TP
  • Tax Payer : Subex Ltd
Income tax Appellate Tribunal

ITAT:100 EOU registration no reason for excluding comparable, functional profile not impacted

  • In Favour of Both, Partially
  • Citation Number : TS-180-ITAT-2016(DEL)-TP
  • Tax Payer : Rolls Royce India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-determination for export transaction; Notes cost-plus method accepted in subsequent years

  • In Favour of Assessee
  • Citation Number : TS-179-ITAT-2016(Kol)-TP
  • Tax Payer : Magnum Clothing (P) Ltd
High Court

HC: Dismisses Revenue’s appeal against ITAT’s remand for undertaking risk adjustment following Motorola-ruling

  • In Favour of Assessee
  • Citation Number : TS-178-HC-2016(DEL)-TP
  • Tax Payer : Avaya India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 7 comparables for ITES-provider; Upholds CIT (A)'s exclusion of loss-making comparables

  • In Favour of Assessee
  • Citation Number : TS-177-ITAT-2016(Bang)-TP
  • Tax Payer : Amba Research (India) P Ltd
Income tax Appellate Tribunal

ITAT: Excludes e-Clerx (a KPO) as comparable for BPO service provider; Follows Rampgreen HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-176-ITAT-2016(DEL)-TP
  • Tax Payer : Genpact Services LLC
Income tax Appellate Tribunal

ITAT:Deletes penalty u/s 271G; ‘TP Study Report’ not specified document under Rule 10D

  • In Favour of Assessee
  • Citation Number : TS-175-ITAT-2016(DEL)-TP
  • Tax Payer : Worlds Window Impex (India) Pvt Ltd
High Court

HC: Upholds ITAT, forex gain / loss operating in nature; Considers subsequent year’s APA

  • In Favour of Assessee
  • Citation Number : TS-174-HC-2016(DEL)-TP
  • Tax Payer : Ameriprise India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Applies subsequent year's signed APA to allow foreign AEs as tested party

  • In Favour of Assessee
  • Citation Number : TS-173-ITAT-2016(DEL)-TP
  • Tax Payer : RANBAXY LABORATORIES LTD
Income tax Appellate Tribunal

ITAT: Upholds Sec 271(1)(c) penalty deletion as TP-addition not sustained in quantum appeal

  • In Favour of Assessee
  • Citation Number : TS-172-ITAT-2016(Ahd)-TP
  • Tax Payer : Mission Pharma Logistics (India) P Ltd
Income tax Appellate Tribunal

ITAT:Applies 24/7 Customer.Com ratio to retain ‘supernormal profit’ comparable; Distinguishes Brigade Global ruling

  • In Favour of Both, Partially
  • Citation Number : TS-171-ITAT-2016(Bang)-TP
  • Tax Payer : Thomson Reuters India Services Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits ALP-determination for import transactions, notes contradictory stand before Customs Authorities

  • In Favour of Revenue
  • Citation Number : TS-170-ITAT-2016(DEL)-TP
  • Tax Payer : RayBan Sun Optics India Ltd
Income tax Appellate Tribunal

ITAT: Upholds 'cost-plus' for contract manufacturer, but rejects ad-hoc cost-allocation resulting higher profits

  • In Favour of Both, Partially
  • Citation Number : TS-169-ITAT-2016(DEL)-TP
  • Tax Payer : Swarovski India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Prefers combined TNMM over CUP for royalty benchmarking absent comparable transaction

  • In Favour of Both, Partially
  • Citation Number : TS-168-ITAT-2016(DEL)-TP
  • Tax Payer : Frigoglas India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Restricts TP adjustment to transactions with AEs; Rejects Revenue’s ‘entity-level TNMM’ argument

  • In Favour of Assessee
  • Citation Number : TS-167-ITAT-2016(Mum)-TP
  • Tax Payer : DiagnoSearch Life Sciences Private Limited
Income tax Appellate Tribunal

ITAT:Deletes TP-addition for technical services receipt from AE; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-166-ITAT-2016(Mum)-TP
  • Tax Payer : PERI India Pvt Ltd