Rulings ( 11982 results )

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Income tax Appellate Tribunal

ITAT: Excludes 7 comparables for pure software development service-provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-106-ITAT-2016(Bang)-TP
  • Tax Payer : Hewlett-Packard India Software Operation Pvt Ltd
Income tax Appellate Tribunal

ITAT:Dismisses assessee's Misc-Petition challenging Revenue's appeal maintainability for non-payment of appeal fee

  • In Favour of Revenue
  • Citation Number : TS-105-ITAT-2016(CHNY)-TP
  • Tax Payer : Mainetti India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 11 comparables for software service-provider; Follows ruling in Group company’s case

  • In Favour of Assessee
  • Citation Number : TS-104-ITAT-2016(Bang)-TP
  • Tax Payer : Hewlett Packard (India) Software Operation P Ltd
Income tax Appellate Tribunal

ITAT:Deletes royalty adjustment; Export transaction remitted to examine adjustment claim

  • In Favour of Assessee
  • Citation Number : TS-103-ITAT-2016(PUN)-TP
  • Tax Payer : Akzo Nobel India Limited
Income tax Appellate Tribunal

ITAT:TPO can examine management fee ALP irrespective of assessee's suo motu disallowance

  • In Favour of Revenue
  • Citation Number : TS-102-ITAT-2016(Bang)-TP
  • Tax Payer : DRl India Relays Private Limited
Income tax Appellate Tribunal

ITAT:Remands benchmarking of AMP-transaction, follows Johnson & Johnson ITAT ruling

  • In Favour of Both, Partially
  • Citation Number : TS-101-ITAT-2016(Mum)-TP
  • Tax Payer : Molson Coors Cobra India Private Limited
Income tax Appellate Tribunal

ITAT: TP-adjustment on IT-infrastructure cost allocation unsustainable, refuses to deviate from earlier-year

  • In Favour of Assessee
  • Citation Number : TS-100-ITAT-2016(Mum)-TP
  • Tax Payer : Deutsche Asset Management (Indi) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes Accentia Technologies as comparable for ITeS provider; Follows Novo-Nordisk ruling

  • In Favour of Assessee
  • Citation Number : TS-99-ITAT-2016(Bang)-TP
  • Tax Payer : Amba Research (India) P Ltd
Income tax Appellate Tribunal

ITAT: Allows capacity adjustment; Directs verification of unallocated expenditure pertaining to unutilized capacity

  • In Favour of Assessee
  • Citation Number : TS-98-ITAT-2016(HYD)-TP
  • Tax Payer : Srini Pharmaceuticals Ltd
Income tax Appellate Tribunal

ITAT:Deletes concealment penalty; Appeal admission by jurisdictional HC indicates TP-issue ‘debatable’

  • In Favour of Assessee
  • Citation Number : TS-97-ITAT-2016(DEL)-TP
  • Tax Payer : Perot Systems TSI (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects abnormal profit/loss filter; Accepts turnover-filter to exclude Infosys BPO & Wipro

  • In Favour of Assessee
  • Citation Number : TS-96-ITAT-2016(Bang)-TP
  • Tax Payer : IGS Imaging Services (I) P Ltd
Income tax Appellate Tribunal

ITAT: Rejects CIT(A)'s 0% RPT filter, 15% appropriate threshold when sufficient comparables available

  • In Favour of Assessee
  • Citation Number : TS-95-ITAT-2016(Bang)-TP
  • Tax Payer : Ariba Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes AO's assessment-order absent draft order u/s 144C; Follows Vijay Television HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-94-ITAT-2016(CHANDI)-TP
  • Tax Payer : Getrag Hi Tech Gears Pvt Ltd
Income tax Appellate Tribunal

ITAT: Sets aside DRP’s non-speaking order on comparables selection and working-capital adjustment issue

  • In Favour of Both, Partially
  • Citation Number : TS-93-ITAT-2016(DEL)-TP
  • Tax Payer : Mercer India Ltd
Income tax Appellate Tribunal

ITAT: Rejects raw-material cost adjustment; Variation in material mix not abnormal/ extraordinary event

  • In Favour of Both, Partially
  • Citation Number : TS-92-ITAT-2016(Bang)-TP
  • Tax Payer : Momentive Performance Materials (India) P Ltd
Income tax Appellate Tribunal

ITAT: Excludes 5 functionally dissimilar companies; Directs working-capital adjustment re-computation as per OECD-guidelines

  • In Favour of Both, Partially
  • Citation Number : TS-91-ITAT-2016(PUN)-TP
  • Tax Payer : Emptoris Technologies India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 functionally dissimilar comparables; Cannot force artificial limitation to actual working-capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-90-ITAT-2016(Bang)-TP
  • Tax Payer : Citrix R&D India Pvt Ltd
Income tax Appellate Tribunal

ITAT:DRP justified in assuming jurisdiction u/s 154 to exclude selling expenses from AMP-expenditure

  • In Favour of Assessee
  • Citation Number : TS-89-ITAT-2016(Bang)-TP
  • Tax Payer : Stanley Black & Decker India Ltd
Income tax Appellate Tribunal

ITAT: Excess AMP-spend not international transaction; Directs inclusion of AMP-expenses in operating costs

  • In Favour of Assessee
  • Citation Number : TS-88-ITAT-2016(Bang)-TP
  • Tax Payer : Essilor India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds CIT(A)’s deletion of TP-adjustment on sale of old / slow moving inventory

  • In Favour of Assessee
  • Citation Number : TS-87-ITAT-2016(DEL)-TP
  • Tax Payer : Adidas India Marketing Pvt Ltd