Rulings ( 11982 results )

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Foreign Court

FC: US Tax Court : Accepts Columbia Sportswear's TP- study, rejects Department's attempt to recalculate tax base

  • In Favour of Assessee
  • Citation Number : TS-676-FC-2015(USA)-TP
  • Tax Payer : Columbia Sportswear USA
Income tax Appellate Tribunal

ITAT: Excludes Celestial Biolab due to functional differences; Follows Broadcom Communication ruling

  • In Favour of Assessee
  • Citation Number : TS-665-ITAT-2015(Bang)-TP
  • Tax Payer : Interwoven Software Services India (P) Ltd
Income tax Appellate Tribunal

ITAT:Grants partial stay; LG-Electronics ruling diluted by Sony HC ruling on AMP-issue

  • In Favour of Both, Partially
  • Citation Number : TS-27-ITAT-2016(Mum)-TP
  • Tax Payer : Volkswagen Group Sales India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits comparable; Information collected u/s 133(6) to be verified by AO/TPO

  • In Favour of Assessee
  • Citation Number : TS-664-ITAT-2015(Mum)-TP
  • Tax Payer : Sparkles Dhandho Advisors Private Limited
Income tax Appellate Tribunal

ITAT: Excludes comparables for software and IT-enabled services citing functional differences & applying filters

  • In Favour of Assessee
  • Citation Number : TS-663-ITAT-2015(HYD)-TP
  • Tax Payer : ADP P Ltd
Income tax Appellate Tribunal

ITAT: Motilal Oswal incomparable with assessee providing non-binding investment advisory services; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-26-ITAT-2016(Mum)-TP
  • Tax Payer : TA Associates Advisory P Ltd
Income tax Appellate Tribunal

ITAT: Remits assessment on Amalgamating Company post merger-date to DRP for verifying facts

  • In Favour of Both, Partially
  • Citation Number : TS-25-ITAT-2016(DEL)-TP
  • Tax Payer : Adobe Software India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits grant of working-capital and start-up cost adjustment issue, follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-24-ITAT-2016(DEL)-TP
  • Tax Payer : Marconi Telecommunication India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits treatment of copyright infringement expenditure paid to AE for factual verification

  • In Favour of Both, Partially
  • Citation Number : TS-23-ITAT-2016(HYD)-TP
  • Tax Payer : Avineon India P Ltd
Income tax Appellate Tribunal

ITAT:Upholds CUP for indenting transactions: Sets average 3.63 as arm's-length commission rate

  • In Favour of Both, Partially
  • Citation Number : TS-662-ITAT-2015(Mum)-TP
  • Tax Payer : Johnson Controls (India) Private Limited
Income tax Appellate Tribunal

ITAT: Lays down comparability between 'merchant banker' and 'investment banker'; Distinguishes Carlyle ITAT-ruling

  • In Favour of Assessee
  • Citation Number : TS-22-ITAT-2016(DEL)-TP
  • Tax Payer : Avenue Asia Advisors Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on delayed AE-receivables realized within 60 days credit period 'outer limit'

  • In Favour of Assessee
  • Citation Number : TS-21-ITAT-2016(DEL)-TP
  • Tax Payer : Ameriprise India Pvt Ltd
Income tax Appellate Tribunal

ITAT:CIT(A) duty-bound to record reasons for fresh evidence admission, remits royalty TP-issue

  • In Favour of Both, Partially
  • Citation Number : TS-661-ITAT-2015(PAN)-TP
  • Tax Payer : Betts India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Applies Rs 200cr turnover filter, follows Bom-HC Pentair ruling absent jurisdictional HC ruling

  • In Favour of Both, Partially
  • Citation Number : TS-20-ITAT-2016(Bang)-TP
  • Tax Payer : Obopay Mobile Technology India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes comparable with high turnover, functional differences; Rejects upper-cap on working-capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-660-ITAT-2015(Bang)-TP
  • Tax Payer : Moog Controls India P Ltd
Income tax Appellate Tribunal

ITAT: Admits additional-ground for excluding functionally different comparable, as similar companies already rejected

  • In Favour of Both, Partially
  • Citation Number : TS-659-ITAT-2015(Mum)-TP
  • Tax Payer : Tevapharm India Private Limited
Income tax Appellate Tribunal

ITAT: Remands AMP-benchmarking; Assessee's 'bundled transaction' explanation for AMP justification under TPO's scanner

  • In Favour of Both, Partially
  • Citation Number : TS-19-ITAT-2016(Mum)-TP
  • Tax Payer : Johnson & Johnson Limited
Income tax Appellate Tribunal

ITAT: Deletes Rs 4.54 crores TP-adjustment following earlier order; Benefit from AE-services duly demonstrated

  • In Favour of Assessee
  • Citation Number : TS-657-ITAT-2015(JPR)-TP
  • Tax Payer : Gillete India Ltd
Income tax Appellate Tribunal

ITAT: Applies Rs.200 cr turnover filter; Turnover observation in Chryscapital ruling only 'obiter dictum'

  • In Favour of Both, Partially
  • Citation Number : TS-18-ITAT-2016(Bang)-TP
  • Tax Payer : FCG Software Services (India) Private Limited
Income tax Appellate Tribunal

ITAT:Remits ALP-determination of R&D services to consider audited financials for comparables

  • In Favour of Both, Partially
  • Citation Number : TS-17-ITAT-2016(DEL)-TP
  • Tax Payer : Schneider Electric India P Ltd