Rulings ( 11982 results )

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Income tax Appellate Tribunal

ITAT:Income accrues when consideration finalized, not when marketing services rendered; Deletes TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-146-ITAT-2016(Mum)-TP
  • Tax Payer : BNP Paribas SA
Income tax Appellate Tribunal

ITAT: Sec 92B amendment inapplicable to pre-2012 debit balances; Deletes interest-adjustment on delayed AE-receipts

  • In Favour of Assessee
  • Citation Number : TS-145-ITAT-2016(Mum)-TP
  • Tax Payer : Rusabh Diamonds
Income tax Appellate Tribunal

ITAT: No retrospectivity to 'anti-abuse' TP legislation; Sec. 92B amendment prospective, deletes corporate guarantee adjustment

  • In Favour of Assessee
  • Citation Number : TS-144-ITAT-2016(Mum)-TP
  • Tax Payer : Siro Clinpharm Private Limited
Income tax Appellate Tribunal

ITAT: Service price more relevant than 'benefit', accepts TNMM for technical know-how payment

  • In Favour of Both, Partially
  • Citation Number : TS-143-ITAT-2016(Mum)-TP
  • Tax Payer : Merck Limited
Income tax Appellate Tribunal

ITAT: Grants stay; Loss set-off claim valid as earlier-year TP-issue decided in assessee’s favour

  • In Favour of Assessee
  • Citation Number : TS-142-ITAT-2016(Mum)-TP
  • Tax Payer : Cable and Wireless (India) Limited
Income tax Appellate Tribunal

ITAT: Rules on 'tested-party' selection and interest benchmarking for CCDs borrowed from overseas-AE

  • In Favour of Assessee
  • Citation Number : TS-141-ITAT-2016(Mum)-TP
  • Tax Payer : India Debt Management Pvt Ltd
Income tax Appellate Tribunal

ITAT:Directs exclusion of forex-loss of earlier year export receipts from assessee’s PLI

  • In Favour of Both, Partially
  • Citation Number : TS-140-ITAT-2016(PUN)-TP
  • Tax Payer : Dana India Technical Centre Pvt Ltd
Income tax Appellate Tribunal

ITAT:First-time penalty levy post-DRP order invalid; Proceedings initiation at draft-assessment stage mandatory

  • In Favour of Both, Partially
  • Citation Number : TS-139-ITAT-2016(Mum)-TP
  • Tax Payer : Symantic Software Solution Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal seeking full remand; Tribunal confirmed intra-group services nexus

  • In Favour of Assessee
  • Citation Number : TS-138-HC-2016(KAR)-TP
  • Tax Payer : Fosroc Chemicals India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparable having different financial year-end, Cites intervening period's data adjustment limitation

  • In Favour of Both, Partially
  • Citation Number : TS-137-ITAT-2016(Bang)-TP
  • Tax Payer : Citrix R&D India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Considers ‘ten times’ range for upper / lower turnover filter, disagrees with fixed-range

  • In Favour of Assessee
  • Citation Number : TS-136-ITAT-2016(Bang)-TP
  • Tax Payer : McAfee Software (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects TPO’s ‘Nil’ ALP-determination for intra-group services absent verification; Applies Cushman & Wakefield ratio

  • In Favour of Both, Partially
  • Citation Number : TS-135-ITAT-2016(Bang)-TP
  • Tax Payer : SKF Technologies (India) Pvt Ltd
High Court

HC:Upholds Tribunal's 'reasonable and possible view' on comparables selection for assessee executing turnkey-projects

  • In Favour of Both, Partially
  • Citation Number : TS-134-HC-2016(BOM)-TP
  • Tax Payer : Thyssen Krupp Industries India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Applies CUP over entity-TNMM for royalty benchmarking; Interprets Sec 37 vis-à-vis TP-adjustment interplay

  • In Favour of Assessee
  • Citation Number : TS-133-ITAT-2016(DEL)-TP
  • Tax Payer : JCB India Ltd
Income tax Appellate Tribunal

ITAT: Upholds RPM for benchmarking transactions in trading-segment; Considers TPO’s acceptance in subsequent year

  • In Favour of Assessee
  • Citation Number : TS-132-ITAT-2016(DEL)-TP
  • Tax Payer : Delta Power Solution India P Ltd
Income tax Appellate Tribunal

ITAT: Fraud allegation against group-company doesn’t render Maple e Solution incomparable; Follows Wills-Processing ruling

  • In Favour of Both, Partially
  • Citation Number : TS-131-ITAT-2016(Bang)-TP
  • Tax Payer : Akamai Technologies India Pvt. Ltd
High Court

HC: Chides AO’s ‘blatant disregard’ of DRP’s order; Quashes TP-assessment on 'foreign partnerships'

  • In Favour of Assessee
  • Citation Number : TS-130-HC-2016(DEL)-TP
  • Tax Payer : ESPN STAR SPORTS MAURITIUS SNC ET COMPAGNIE
Income tax Appellate Tribunal

ITAT: Upholds Mold-Tek’s exclusion; Compounded 147% growth rate indicative of consistently abnormal profits

  • In Favour of Assessee
  • Citation Number : TS-129-ITAT-2016(DEL)-TP
  • Tax Payer : Transcent MT Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants Rs 184 cr demand stay to Tata Communications; TP-issue covered by TCS ruling

  • In Favour of Assessee
  • Citation Number : TS-127-ITAT-2016(Mum)-TP
  • Tax Payer : Tata Communications Limited
Income tax Appellate Tribunal

ITAT: Upholds exclusion of persistent loss-making comparables, assessee's current year loss not 'persistent'

  • In Favour of Both, Partially
  • Citation Number : TS-126-ITAT-2016(CHNY)-TP
  • Tax Payer : Igarashi Motors India Ltd