Rulings ( 11982 results )

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Income tax Appellate Tribunal

ITAT: Mere revenue classification as ‘advisory fees’ cannot justify functional comparability; Excludes ‘Motilal Oswal’

  • In Favour of Assessee
  • Citation Number : TS-125-ITAT-2016(Mum)-TP
  • Tax Payer : Blackstone Advisors India P Ltd
Income tax Appellate Tribunal

ITAT: Refuses to deviate from comparables accepted in other years for contract-R&D benchmarking

  • In Favour of Assessee
  • Citation Number : TS-124-ITAT-2016(PUN)-TP
  • Tax Payer : Halliburton Technology India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Admits certified segmental profitability statement as additional evidence; Remits matter to CIT(A)

  • In Favour of Both, Partially
  • Citation Number : TS-123-ITAT-2016(DEL)-TP
  • Tax Payer : RMSI Pvt Ltd
Income tax Appellate Tribunal

ITAT: Approves CUP over TNMM as assessee mere job-worker in jewellery; Distinguishes Vijaydimon ruling

  • In Favour of Assessee
  • Citation Number : TS-122-ITAT-2016(DEL)-TP
  • Tax Payer : Kailash Jewels Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits interest-adjustment on AE-loan to verify surplus funds availability, nexus with borrowed funds

  • In Favour of Both, Partially
  • Citation Number : TS-121-ITAT-2016(CHNY)-TP
  • Tax Payer : Sundaram Fasteners Ltd
Income tax Appellate Tribunal

ITAT: Allows Revenue’s miscellaneous petition against ITAT decision, risk adjustment already considered by TPO

  • In Favour of Revenue
  • Citation Number : TS-120-ITAT-2016(Bang)-TP
  • Tax Payer : Open Silicon Research P Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-addition on Li & Fung’s buying services; Rejects ALP determination based on FOB-value

  • In Favour of Assessee
  • Citation Number : TS-119-ITAT-2016(DEL)-TP
  • Tax Payer : Li & Fung (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds DRP’s order treating freight subsidy as operating-revenue and allowing working-capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-118-ITAT-2016(Bang)-TP
  • Tax Payer : Indo Spanish Tasty Foods Pvt Ltd
Income tax Appellate Tribunal

ITAT: Stays Vodafone's Rs 400+ cr call-options demand for AY 2011-12; Directs furnishing of 'corporate guarantee'

  • In Favour of Assessee
  • Citation Number : TS-117-ITAT-2016(Mum)-TP
  • Tax Payer : Vodafone India Services Private Ltd
Income tax Appellate Tribunal

ITAT:Remits to CIT(A) ALP-determination of purchase of goods & catalogues from AE

  • In Favour of Both, Partially
  • Citation Number : TS-116-ITAT-2016(DEL)-TP
  • Tax Payer : RS Components & Controls Ltd
Income tax Appellate Tribunal

ITAT: Rejects turnover-criteria for excluding TCS E-Serve, considers 'Agnity' rationale retaining L&T Infotech

  • In Favour of Both, Partially
  • Citation Number : TS-115-ITAT-2016(DEL)-TP
  • Tax Payer : Headstrong Services (India) Pvt. Ltd
Income tax Appellate Tribunal

ITAT:Approves 5 interest-rate for benchmarking overseas AE-loan considering higher rates on domestic loans

  • In Favour of Assessee
  • Citation Number : TS-114-ITAT-2016(Bang)-TP
  • Tax Payer : Intergarden (India) P Ltd
Income tax Appellate Tribunal

ITAT: Only current year data relevant for comparability analysis under Rule 10B(4); Remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-113-ITAT-2016(Mum)-TP
  • Tax Payer : i 2 Technologies India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Excludes 5 comparables for electronic publishing service provider, restores 3 companies’ comparability

  • In Favour of Both, Partially
  • Citation Number : TS-112-ITAT-2016(DEL)-TP
  • Tax Payer : Techbooks Electronics Services P Ltd
Income tax Appellate Tribunal

ITAT: Advances from AEs to be considered in working capital computation

  • In Favour of Both, Partially
  • Citation Number : TS-669-ITAT-2015(Bang)-TP
  • Tax Payer : ARM Embedded Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants partial stay; TPO’s channel distribution fees benchmarking prima-facie vitiated by SET-India case

  • In Favour of Both, Partially
  • Citation Number : TS-111-ITAT-2016(Mum)-TP
  • Tax Payer : MSM Discovery Private Limited
Income tax Appellate Tribunal

ITAT: Upholds TNMM for benchmarking software-R&D services, rejects assessee's adoption of CPM & CUP

  • In Favour of Both, Partially
  • Citation Number : TS-110-ITAT-2016(Bang)-TP
  • Tax Payer : Mercedes-Benz Research & Development India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects TPO's SBI-PLR rate application for benchmarking interest on AE loan

  • In Favour of Assessee
  • Citation Number : TS-109-ITAT-2016(PUN)-TP
  • Tax Payer : KPIT Cummins Infosystems Limited
Income tax Appellate Tribunal

ITAT: Excludes Mold-Tek and Vishal International for ITeS provider; Follows Maersk Global SB-ruling

  • In Favour of Assessee
  • Citation Number : TS-108-ITAT-2016(Mum)-TP
  • Tax Payer : Capgemini Business Services (India) Ltd
Income tax Appellate Tribunal

ITAT:Deletes penalty; TP-addition based on pricing methodology difference, not ‘concealment of particulars’

  • In Favour of Assessee
  • Citation Number : TS-107-ITAT-2016(Mum)-TP
  • Tax Payer : Cherokee India Private Limited