Rulings ( 11982 results )

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Income tax Appellate Tribunal

ITAT: Excludes 14 functionally dissimilar comparables for software development service provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-165-ITAT-2016(Bang)-TP
  • Tax Payer : NMS Communications Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables; Revenue’s earlier year HC-appeal not assailing same comparables exclusion

  • In Favour of Assessee
  • Citation Number : TS-164-ITAT-2016(DEL)-TP
  • Tax Payer : Microsoft Corporation Inida Pvt Ltd
Income tax Appellate Tribunal

ITAT: Motilal Oswal incomparable with pure investment advisory service provider, follows coordinate-bench Carlyle ruling

  • In Favour of Assessee
  • Citation Number : TS-163-ITAT-2016(Mum)-TP
  • Tax Payer : Sandstone Capital Advisors Pvt Ltd
Income tax Appellate Tribunal

ITAT:Holds forex fluctuation gain as part of operating revenue; Follows Trilogy ruling

  • In Favour of Assessee
  • Citation Number : TS-162-ITAT-2016(Bang)-TP
  • Tax Payer : Visa Consolidated Support & Services
Income tax Appellate Tribunal

ITAT: Excludes 5 comparables for ITES-provider citing reasons like functional dissimilarity, KPO-services

  • In Favour of Assessee
  • Citation Number : TS-161-ITAT-2016(PUN)-TP
  • Tax Payer : Cummins Turbo Technologies Limited
Income tax Appellate Tribunal

ITAT: 'Consistent loss-making comparables' to have 3 consecutive years' losses; Remits capacity adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-160-ITAT-2016(PUN)-TP
  • Tax Payer : Affinity Express India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits AMP-issue; Notes application of Maruti ruling to distributors in subsequent HC-rulings

  • In Favour of Both, Partially
  • Citation Number : TS-159-ITAT-2016(DEL)-TP
  • Tax Payer : Toshiba India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts assessee's additional ground of excluding 2 comparables though included in TP-study

  • In Favour of Assessee
  • Citation Number : TS-158-ITAT-2016(Bang)-TP
  • Tax Payer : Telelogic India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds mark-up on reimbursement considering vital role in marketing support function

  • In Favour of Revenue
  • Citation Number : TS-157-ITAT-2016(DEL)-TP
  • Tax Payer : Seagram Manufacturing Pvt Ltd
Income tax Appellate Tribunal

ITAT: Refuses to apply Rs 200cr upper-turnover filter; Retains Mindtree & Sasken as comparables

  • In Favour of Both, Partially
  • Citation Number : TS-156-ITAT-2016(Bang)-TP
  • Tax Payer : AOL Online India Private Limited
Income tax Appellate Tribunal

ITAT: Vishal Information, an intermediary, not ITeS-provider in its own right; Directs exclusion

  • In Favour of Assessee
  • Citation Number : TS-155-ITAT-2016(Mum)-TP
  • Tax Payer : Nomura Structured Finance Services Pvt Ltd
Income tax Appellate Tribunal

ITAT:Lays-down 2 situations for transaction re-characterization to reflect substance; Excludes 6 comparables

  • In Favour of Assessee
  • Citation Number : TS-154-ITAT-2016(Mum)-TP
  • Tax Payer : Roche Products (India) Private Limited
Income tax Appellate Tribunal

ITAT: Treats 'extraordinary' expenditure for reactivating plant as operating-cost; Denies comparables' margin adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-153-ITAT-2016(DEL)-TP
  • Tax Payer : Asahi Glass Ltd
Income tax Appellate Tribunal

ITAT: Revenue’s reliance on Capgemini to argue ‘no turnover-filter’ untenable; Upholds Rs. 200 cr filter

  • In Favour of Both, Partially
  • Citation Number : TS-152-ITAT-2016(PUN)-TP
  • Tax Payer : Avalara Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects gross-margin comparison with Group-company for non-exclusive distributor of 'Marlboro' brand cigarettes

  • In Favour of Assessee
  • Citation Number : TS-151-ITAT-2016(DEL)-TP
  • Tax Payer : Phillip Morris Services India (S.A.) India Branch Office
Income tax Appellate Tribunal

ITAT: Commercial outcome of loss on export transaction immaterial for CUP-application; Deletes TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-150-ITAT-2016(Mum)-TP
  • Tax Payer : SI Group India Limited
Income tax Appellate Tribunal

ITAT: Deletes Bata India's TP-addition on intra-group services; Receipt of brand development services demonstrated

  • In Favour of Assessee
  • Citation Number : TS-149-ITAT-2016(Kol)-TP
  • Tax Payer : Bata India Ltd
High Court

HC: ITAT’s comparables’ exclusion on merits absent examination by TPO/CIT(A), prejudicial to assessee

  • In Favour of Assessee
  • Citation Number : TS-670-HC-2015(BOM)-TP
  • Tax Payer : Advance Power Display Systems Ltd
Income tax Appellate Tribunal

ITAT: Rejects internal-CUP for investment advisor considering diametrically different fund volumes; Accepts TNMM

  • In Favour of Assessee
  • Citation Number : TS-148-ITAT-2016(Mum)-TP
  • Tax Payer : ICICI Prudential Asset Management Co Ltd
Income tax Appellate Tribunal

ITAT: Allows intra-group payment towards centralized purchasing arrangement despite no written agreement

  • In Favour of Assessee
  • Citation Number : TS-147-ITAT-2016(PUN)-TP
  • Tax Payer : Alfa Laval India Ltd