Rulings ( 11982 results )

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Income tax Appellate Tribunal

ITAT: Rejects CIT(A)'s casual approach citing first year of TP-applicability for deleting adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-86-ITAT-2016(DEL)-TP
  • Tax Payer : Comverse Network Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Confirms CIT(A)-order benchmarking interest on AE-advance based on RBI ECB Circular

  • In Favour of Assessee
  • Citation Number : TS-85-ITAT-2016(Mum)-TP
  • Tax Payer : Ion Exchange India Limited
Income tax Appellate Tribunal

ITAT: Deletes TPO's levy of Sec 271AA penalty for using earlier year search

  • In Favour of Assessee
  • Citation Number : TS-84-ITAT-2016(JPR)-TP
  • Tax Payer : Integrated Decisions & Systems (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 functionally dissimilar comparables for software developer; Follows Pegasystems Worldwide decision

  • In Favour of Assessee
  • Citation Number : TS-83-ITAT-2016(HYD)-TP
  • Tax Payer : CNO IT Services (India) Private Limited
Income tax Appellate Tribunal

ITAT: Sets aside TPO's non-speaking order rejecting CUP/RPM methods; Aggregation approach unsustainable

  • In Favour of Both, Partially
  • Citation Number : TS-82-ITAT-2016(Mum)-TP
  • Tax Payer : SAS Institute (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Applies TNMM over CPM, assessee not a contract manufacturer

  • In Favour of Revenue
  • Citation Number : TS-81-ITAT-2016(Bang)-TP
  • Tax Payer : Essilor Manufacturing India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Confirms CIT(A) order deleting TP-adjustment; TNMM doesn't envisage comparison of gross margins

  • In Favour of Assessee
  • Citation Number : TS-80-ITAT-2016(PUN)-TP
  • Tax Payer : Cummins India Ltd
Income tax Appellate Tribunal

ITAT:Revenue's belated-appeal challenging issues concluded by Tribunal prejudicial to assessee; Denies condonation

  • In Favour of Assessee
  • Citation Number : TS-79-ITAT-2016(Mum)-TP
  • Tax Payer : Aegis Limited
Income tax Appellate Tribunal

ITAT:Upholds CIT(A) order deleting TP adjustment on purchase of equipments/software

  • In Favour of Assessee
  • Citation Number : TS-78-ITAT-2016(DEL)-TP
  • Tax Payer : C-Dot Alcatel-Lucent Research Centre Pvt. Lt
High Court

HC: Accepts Revenue's CUP application for single transaction though TNMM applied for others

  • In Favour of Revenue
  • Citation Number : TS-77-HC-2016(DEL)-TP
  • Tax Payer : Denso India Limited
Income tax Appellate Tribunal

ITAT:Ad-hoc adjustments not permissible under TP-law; Deletes TP-additions for shared office expenses

  • In Favour of Assessee
  • Citation Number : TS-76-ITAT-2016(Mum)-TP
  • Tax Payer : Det Norske Veritas A/S
Income tax Appellate Tribunal

ITAT:Rejects additional 3 mark-up without FAR-analysis; ‘Monitoring’ part of investment advisory

  • In Favour of Assessee
  • Citation Number : TS-75-ITAT-2016(Mum)-TP
  • Tax Payer : Temasek Holdings Advisors India P Ltd
Income tax Appellate Tribunal

ITAT:Accepts bonafide-quotation as valid CUP under sixth method for AY 2011-12

  • In Favour of Assessee
  • Citation Number : TS-74-ITAT-2016(Mum)-TP
  • Tax Payer : Gulf Energy Maritime Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes penalty despite non-appeal against TP-addition; 'Due diligence' & 'good faith' requirements satisfied

  • In Favour of Assessee
  • Citation Number : TS-73-ITAT-2016(DEL)-TP
  • Tax Payer : Boston Scientific India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Share-allotment delay by 100-subsidiary, not prejudicial to assessee; Rejects re-characterization as loan

  • In Favour of Assessee
  • Citation Number : TS-72-ITAT-2016(Mum)-TP
  • Tax Payer : Sterling Oil Resources Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Cisco’s stay-application; No demand outstanding after adjusting earlier years' refund

  • In Favour of Assessee
  • Citation Number : TS-71-ITAT-2016(Bang)-TP
  • Tax Payer : Cisco Systems (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Denies stay citing appeal hearing on March 8; Notes issue involves Infosys comparability

  • In Favour of Both, Partially
  • Citation Number : TS-70-ITAT-2016(Bang)-TP
  • Tax Payer : Subex Ltd
Income tax Appellate Tribunal

ITAT: Allows Miscellaneous Petition, Directs application of RPT/ turnover filter to all comparables

  • In Favour of Assessee
  • Citation Number : TS-69-ITAT-2016(Bang)-TP
  • Tax Payer : NTT Data FA Insurance Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Close product-comparison between assessee & comparables essential before adopting RPM as MAM

  • In Favour of Both, Partially
  • Citation Number : TS-68-ITAT-2016(Bang)-TP
  • Tax Payer : Kohler India Corp Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits RPM vs TNMM issue; TPO to consider assessee's comparables on RPM-selection

  • In Favour of Both, Partially
  • Citation Number : TS-67-ITAT-2016(HYD)-TP
  • Tax Payer : St Jude Medical India Pvt Ltd