Rulings ( 11982 results )

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Income tax Appellate Tribunal

ITAT: Excludes 3 comparables for insurance claim processing service provider; KPO-service provider incomparable

  • In Favour of Assessee
  • Citation Number : TS-656-ITAT-2015(Mum)-TP
  • Tax Payer : Willis Processing Services (India) Private Limited
Income tax Appellate Tribunal

ITAT: Excludes Saket-Projects as functionally incomparable absent Revenue's rebuttal against unreliable segmental details

  • In Favour of Assessee
  • Citation Number : TS-16-ITAT-2016(DEL)-TP
  • Tax Payer : Qualcomm India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows additional evidence admission following co-ordinate bench ruling, remits TP-issue

  • In Favour of Both, Partially
  • Citation Number : TS-15-ITAT-2016(DEL)-TP
  • Tax Payer : Flextronics Software Systems Ltd
Income tax Appellate Tribunal

ITAT: Confirms TP adjustment deletion; TPO erred in selecting AE as tested party

  • In Favour of Assessee
  • Citation Number : TS-655-ITAT-2015(PUN)-TP
  • Tax Payer : Semco Electric P Ltd
Income tax Appellate Tribunal

ITAT: Revenue must justify grounds for comparable exclusion, CIT(A)’s functional-similarity finding unassailed

  • In Favour of Assessee
  • Citation Number : TS-14-ITAT-2016(DEL)-TP
  • Tax Payer : Nortel Networks India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Grants partial stay; Department to produce relevant record addressing limitation issue

  • In Favour of Both, Partially
  • Citation Number : TS-654-ITAT-2015(Bang)-TP
  • Tax Payer : Autoliv India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes notional interest on share application advance treated as loan, follows Bharti-Airtel ruling

  • In Favour of Assessee
  • Citation Number : TS-653-ITAT-2015(Mum)-TP
  • Tax Payer : Pan India Network Infravest Pvt Ltd
Income tax Appellate Tribunal

ITAT: Admits additional ground contesting comparable having RPT above accepted limits, remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-652-ITAT-2015(Mum)-TP
  • Tax Payer : Symantec Software Solutions Private Limited
High Court

HC: FAR same though billing-model different in onsite marketing subsidiaries, upholds TP-adjustment deletion

  • In Favour of Assessee
  • Citation Number : TS-13-HC-2016(CAL)-TP
  • Tax Payer : ITC Infotech India Ltd
High Court

HC: Remits AMP-expenses issue, ascertaining existence of international transaction necessary;Follows Sony ruling

  • In Favour of Both, Partially
  • Citation Number : TS-12-HC-2016(DEL)-TP
  • Tax Payer : Yum Restaurants (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Sets aside DRP's order passed without considering assessee's detailed objections/submissions

  • In Favour of Both, Partially
  • Citation Number : TS-11-ITAT-2016(DEL)-TP
  • Tax Payer : Glencore India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes notional interest on third-party advance routed through AE, follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-651-ITAT-2015(Mum)-TP
  • Tax Payer : KSS Ltd
Income tax Appellate Tribunal

ITAT: Directs AO to use TNMM to benchmark AE-exports, following mechanism under TP-provisions

  • In Favour of Both, Partially
  • Citation Number : TS-650-ITAT-2015(Mum)-TP
  • Tax Payer : Strides Arcolab Ltd
Income tax Appellate Tribunal

ITAT: Rejects TPO's import price averaging to apply CUP, deletes TP adjustment

  • In Favour of Assessee
  • Citation Number : TS-10-ITAT-2016(DEL)-TP
  • Tax Payer : UE Trade Corporation India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows 7% interest on subsidiary-lending as ALP; Rejects downgrading loan as 'risky' investment 

  • In Favour of Assessee
  • Citation Number : TS-7-ITAT-2016(DEL)-TP
  • Tax Payer : UFO Movies India Limited
Income tax Appellate Tribunal

ITAT: Remits corporate services payment transaction; Directs DRP to pass speaking & reasoned order

  • In Favour of Assessee
  • Citation Number : TS-649-ITAT-2015(Mum)-TP
  • Tax Payer : Huntsman International (India) Private Limited
Income tax Appellate Tribunal

ITAT: Directs examination of extraordinary event for Quintegra Solutions, excludes functionally dissimilar companies 

  • In Favour of Both, Partially
  • Citation Number : TS-6-ITAT-2016(CHNY)-TP
  • Tax Payer : Kumaran Systems P. Ltd.
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment, Prefers TNMM over CUP method following earlier order 

  • In Favour of Assessee
  • Citation Number : TS-5-ITAT-2016(Ahd)-TP
  • Tax Payer : Dishman Pharmaceuticals & Chemicals Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 functionally dissimilar comparables for contract IT/ITeS provider, follows Pegasystems ruling

  • In Favour of Assessee
  • Citation Number : TS-4-ITAT-2016(HYD)-TP
  • Tax Payer : Parexel International (India) P Limited
Income tax Appellate Tribunal

ITAT:Procurement of spares through job-work, not manufacturing activity; Classifies assessee as distributor

  • In Favour of Both, Partially
  • Citation Number : TS-3-ITAT-2016(DEL)-TP
  • Tax Payer : Honda Motor India Private Limited