Rulings ( 11982 results )

Filters
Income tax Appellate Tribunal

ITAT:Remits internal comparable to consider technical experts' opinion; Follows Bharti Cellular ruling

  • In Favour of Both, Partially
  • Citation Number : TS-46-ITAT-2016(DEL)-TP
  • Tax Payer : Carrier Airconditioning & Refrigeration Ltd
Income tax Appellate Tribunal

ITAT: Upholds TP-applicability despite Sec 10A benefit; Aztec ruling ratio dicidendi, TCS an obiter

  • In Favour of Both, Partially
  • Citation Number : TS-45-ITAT-2016(DEL)-TP
  • Tax Payer : Headstrong Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes Sec 271AA penalty; Auditor's son's marriage "genuine" reason for information submission delay

  • In Favour of Assessee
  • Citation Number : TS-44-ITAT-2016(CHNY)-TP
  • Tax Payer : Augustan Knitwear P Ltd
Income tax Appellate Tribunal

ITAT: Restricts guarantee commission ALP at 0.5%, deletes TP-adjustment on AE debit balance

  • In Favour of Both, Partially
  • Citation Number : TS-43-ITAT-2016(Mum)-TP
  • Tax Payer : Nimbus Communications Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment on technical services transaction; Directs consideration of subsequent year findings

  • In Favour of Both, Partially
  • Citation Number : TS-667-ITAT-2015(CHNY)-TP
  • Tax Payer : Invensys India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects assessee's 'unique' PLI-computation; Denies loss conversion into profit through capacity-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-41-ITAT-2016(DEL)-TP
  • Tax Payer : Saxo India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Assessee's buy-sell activity constitutes 'trading' considering accounting treatment; Rejects OP/VAE as PLI

  • In Favour of Revenue
  • Citation Number : TS-40-ITAT-2016(DEL)-TP
  • Tax Payer : Agilent Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 10 comparables for software development services provider; Restricts TP-adjustment to AE-transactions

  • In Favour of Both, Partially
  • Citation Number : TS-39-ITAT-2016(HYD)-TP
  • Tax Payer : NTT Data India Enterprises Application Services Private Limited
Income tax Appellate Tribunal

ITAT:Rejects AO’s corrigendum as ‘cover-up’ to convert regular assessment-order into draft order

  • In Favour of Assessee
  • Citation Number : TS-38-ITAT-2016(Mum)-TP
  • Tax Payer : Jazzy Creations Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects internal-TNMM based on single comparable; Denies restricting TP-adjustment to Group profits 

  • In Favour of Revenue
  • Citation Number : TS-37-ITAT-2016(Ahd)-TP
  • Tax Payer : Fortune Infotech Limited
Income tax Appellate Tribunal

ITAT: Accepts intra-group services payment 2 of sales, considering OECD’s ‘indirect-charge’ pricing method

  • In Favour of Assessee
  • Citation Number : TS-36-ITAT-2016(Kol)-TP
  • Tax Payer : N L C Nalco India Ltd
Income tax Appellate Tribunal

ITAT: Denies exclusion of high profit making company as loss making comparables included

  • In Favour of Both, Partially
  • Citation Number : TS-35-ITAT-2016(PUN)-TP
  • Tax Payer : SunGard Solutions (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 10 comparables citing functional differences; Considers segmental margin for Megasoft

  • In Favour of Assessee
  • Citation Number : TS-666-ITAT-2015(HYD)-TP
  • Tax Payer : ADP P Ltd v DCIT
Income tax Appellate Tribunal

ITAT: Upholds Star Group’s combined-profit PSM approach, deletes double disallowance u/s 40(a)(i)

  • In Favour of Assessee
  • Citation Number : TS-34-ITAT-2016(Mum)-TP
  • Tax Payer : Satellite Television Asian Region Limited
Income tax Appellate Tribunal

ITAT: Rejects Rs 1-200cr turnover-filter for giving absurd results, declines additional ground admission

  • In Favour of Both, Partially
  • Citation Number : TS-33-ITAT-2016(Bang)-TP
  • Tax Payer : Textron India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects application of employee-cost filter absent TPO's justification; Rules on comparable selection

  • In Favour of Assessee
  • Citation Number : TS-32-ITAT-2016(Bang)-TP
  • Tax Payer : Infinera India Ltd
High Court

HC:Quashes reassessment for delayed furnishing of reason attributable to pending-proceeding before TPO 

  • In Favour of Assessee
  • Citation Number : TS-31-HC-2016(BOM)-TP
  • Tax Payer : Bayer Material Science Pvt Ltd
Income tax Appellate Tribunal

ITAT: FAR-analysis key for comparable selection; Rent non-operating income absent substantive evidence

  • In Favour of Assessee
  • Citation Number : TS-30-ITAT-2016(HYD)-TP
  • Tax Payer : Astrix Laboratories Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables for ITeS-provider assessee; Follows Hyundai Motors ruling

  • In Favour of Assessee
  • Citation Number : TS-29-ITAT-2016(HYD)-TP
  • Tax Payer : Cognizant Technology Services P Ltd
Income tax Appellate Tribunal

ITAT: Excludes 8 comparables for IT, ITeS provider; Remits working capital adjustment issue

  • In Favour of Both, Partially
  • Citation Number : TS-28-ITAT-2016(DEL)-TP
  • Tax Payer : Equant Solutions India Pvt Ltd