Rulings ( 11982 results )

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Income tax Appellate Tribunal

ITAT: Confirms concealment penalty absent due diligence & good faith in selecting MAM

  • In Favour of Revenue
  • Citation Number : TS-66-ITAT-2016(Mum)-TP
  • Tax Payer : Genom Biotech P Ltd
Income tax Appellate Tribunal

ITAT: Holds data analytical services as high-end; Declines risk-adjustment absent quantification in TP-study

  • In Favour of Both, Partially
  • Citation Number : TS-65-ITAT-2016(Bang)-TP
  • Tax Payer : Zyme Solutions P Ltd
Income tax Appellate Tribunal

ITAT:Extends benefit of doubt to assessee; Allows additional-evidence submssion substantiating intro-group services

  • In Favour of Assessee
  • Citation Number : TS-64-ITAT-2016(Bang)-TP
  • Tax Payer : Cisco Systems Capital (Ind.) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects Nil ALP determination for royalty applying Cushman & Wakefield ratio, remits issue

  • In Favour of Assessee
  • Citation Number : TS-63-ITAT-2016(DEL)-TP
  • Tax Payer : Contitech India Pvt Ltd
High Court

HC: Quashes final assessment order on foreign company not preceded by draft-order

  • In Favour of Assessee
  • Citation Number : TS-62-HC-2016(BOM)-TP
  • Tax Payer : International Air Transport Association
Income tax Appellate Tribunal

ITAT:TP provisions inapplicable to outbound share investment; Rejects potential income plea

  • In Favour of Assessee
  • Citation Number : TS-61-ITAT-2016(Mum)-TP
  • Tax Payer : Topsgrup Electronic Systems Ltd
Income tax Appellate Tribunal

ITAT: Grants stay; Assessee's non-manufacturer status under excise-law impacts disputed comparable inclusion

  • In Favour of Assessee
  • Citation Number : TS-60-ITAT-2016(Mum)-TP
  • Tax Payer : UPM-Kymmene India Private Limited
High Court

HC:Dismisses Cairn India’s writ challenging Rs 250+ cr addition; Cites alternate remedy availability

  • In Favour of Assessee
  • Citation Number : TS-58-HC-2016(P & H)-TP
  • Tax Payer : Cairn India Limited
Income tax Appellate Tribunal

ITAT: Upholds Rs.200 cr turnover filter; Applies favourable HC ratio in Pentair over Chryscapital

  • In Favour of Assessee
  • Citation Number : TS-57-ITAT-2016(Bang)-TP
  • Tax Payer : Sysarris Software P Ltd
Income tax Appellate Tribunal

ITAT:Accepts TPO's 'business support services' characterization; Broad functional comparability relevant under TNMM

  • In Favour of Both, Partially
  • Citation Number : TS-56-ITAT-2016(DEL)-TP
  • Tax Payer : Marubeni-Itochu Steel India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Grants stay extension as assessee not responsible for delay in appeal-disposal

  • In Favour of Assessee
  • Citation Number : TS-55-ITAT-2016(Ahd)-TP
  • Tax Payer : General Motors India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Quashes assessment order passed without forwarding draft-order to assessee; Follows HC’s Zuari-ruling

  • In Favour of Assessee
  • Citation Number : TS-54-ITAT-2016(PAN)-TP
  • Tax Payer : Andrew Telecommunications (P) Ltd
Income tax Appellate Tribunal

ITAT: Upholds TNMM over CPM; Rejects Revenue’s contention to apply CPM via ‘general-ground’

  • In Favour of Both, Partially
  • Citation Number : TS-53-ITAT-2016(DEL)-TP
  • Tax Payer : Styx Back Office Services Pvt. Ltd.
Income tax Appellate Tribunal

ITAT:Upholds CIT(A)'s rejection for making DRP-reference; TP-adjustment post search & seizure sustained

  • In Favour of Revenue
  • Citation Number : TS-52-ITAT-2016(Mum)-TP
  • Tax Payer : Gems International
Income tax Appellate Tribunal

ITAT:Remits royalty-issue; Rejects CIT(A)'s conclusion that payment through Indian-entity not 'international transaction'

  • In Favour of Both, Partially
  • Citation Number : TS-668-ITAT-2015(DEL)-TP
  • Tax Payer : G4S Security Services (India) Pvt Ltd
High Court

HC:Honda not 'eligible assessee' u/s 144C absent adjustment by TPO; Quashes draft assessment-order

  • In Favour of Assessee
  • Citation Number : TS-51-HC-2016(DEL)-TP
  • Tax Payer : Honda Cars India Ltd (Formerly known as Honda Siel Cars India Ltd)
Income tax Appellate Tribunal

ITAT:Rejects classification as routine service-provider for Adidas-India rendering comprehensive procurement advisory services

  • In Favour of Both, Partially
  • Citation Number : TS-50-ITAT-2016(DEL)-TP
  • Tax Payer : Adidas Technical Services P Ltd
Income tax Appellate Tribunal

ITAT: Allows Deloitte’s appeal withdrawal as TP-issues resolved under Indo-US MAP

  • In Favour of Assessee
  • Citation Number : TS-49-ITAT-2016(HYD)-TP
  • Tax Payer : Deloitte Support Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Grants stay considering TPO's non-adherence with ITAT directions in original appeal

  • In Favour of Both, Partially
  • Citation Number : TS-48-ITAT-2016(Ahd)-TP
  • Tax Payer : General Motors India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Directs TPO to consider assessee's ‘gross level analysis’ argument for import ALP-justification

  • In Favour of Both, Partially
  • Citation Number : TS-47-ITAT-2016(DEL)-TP
  • Tax Payer : Daikin Air conditioning India Pvt Ltd