Rulings ( 11982 results )

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Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment, inadvertent mistake in ALP-computation does not tantamount to profit shifting

  • In Favour of Assessee
  • Citation Number : TS-2-ITAT-2016(Mum)-TP
  • Tax Payer : Unilever Industries Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables selection, working-capital adjustment for SIM-card manufacturer, follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-648-ITAT-2015(Mum)-TP
  • Tax Payer : Syscom Corporation Limited
Income tax Appellate Tribunal

ITAT:Accepts foreign comparables for Indian-PE of UK-based assessee, follows earlier ruling

  • In Favour of Assessee
  • Citation Number : TS-647-ITAT-2015(Mum)-TP
  • Tax Payer : Tata Motors European Technical Centre Plc
Income tax Appellate Tribunal

ITAT: Rejects Miscellaneous Application for replacing word 'internal-CUP' with 'internal comparables' since issue remitted

  • In Favour of Both, Partially
  • Citation Number : TS-646-ITAT-2015(HYD)-TP
  • Tax Payer : Mylan Laboratories Ltd
Income tax Appellate Tribunal

ITAT: Accepts assessee’s LIBOR+25bps rate as interest benchmark for AE-loan, follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-645-ITAT-2015(Bang)-TP
  • Tax Payer : Sami Labs Ltd
Income tax Appellate Tribunal

ITAT: Remands ALP-determination for AMP-expenses for assessee trader considering Sony, Maruti HC rulings

  • In Favour of Both, Partially
  • Citation Number : TS-644-ITAT-2015(Mum)-TP
  • Tax Payer : India Medtronic Private Limited
Income tax Appellate Tribunal

ITAT: Captive service provider can't claim capacity under-utilization, denies adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-643-ITAT-2015(DEL)-TP
  • Tax Payer : ION Trading India Private Ltd
Income tax Appellate Tribunal

ITAT: ALP cannot exceed price recovered from third-parties for services, follows Global-Vantedge ruling

  • In Favour of Assessee
  • Citation Number : TS-642-ITAT-2015(DEL)-TP
  • Tax Payer : Interra Infotech (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 8 comparables for BPO-service provider, accepts 17.85% margin subject to TPO-verification

  • In Favour of Assessee
  • Citation Number : TS-641-ITAT-2015(Bang)-TP
  • Tax Payer : Flextronics Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes Infosys, Wipro applying qualitative criteria for Capgemini India; Distinguishes earlier ruling

  • In Favour of Assessee
  • Citation Number : TS-640-ITAT-2015(Mum)-TP
  • Tax Payer : Capgemini India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes corporate guarantee addition; No transaction absent RBI-approval for pledging shares

  • In Favour of Assessee
  • Citation Number : TS-1-ITAT-2016(Ahd)-TP
  • Tax Payer : Adani Enterprises Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment; Excludes comparables for investment advisory services citing functional differences

  • In Favour of Assessee
  • Citation Number : TS-639-ITAT-2015(Mum)-TP
  • Tax Payer : Carlyle India Advisors Private Limited
Income tax Appellate Tribunal

ITAT: Accepts assessee’s comparables selection criteria for engineering design captive service provider

  • In Favour of Both, Partially
  • Citation Number : TS-638-ITAT-2015(DEL)-TP
  • Tax Payer : Bechtel India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar comparables for ITeS-provider; Allows capacity under-utilization adjustment

  • In Favour of Assessee
  • Citation Number : TS-637-ITAT-2015(Bang)-TP
  • Tax Payer : Genesis Integrating Systems (Ind) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Software service-provider different from product company, excludes 3 comparables

  • In Favour of Assessee
  • Citation Number : TS-636-ITAT-2015(PUN)-TP
  • Tax Payer : Starent Networks (India) Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 11 comparables functionally different from software development; Remits negative working-capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-635-ITAT-2015(HYD)-TP
  • Tax Payer : Intoto Software India P Ltd
Income tax Appellate Tribunal

ITAT: Rejects TPO/DRP's 'confused' characterization of assessee as independent / routine distributor, remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-634-ITAT-2015(CHNY)-TP
  • Tax Payer : Roca Bathroom Products Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits e-Infochips for verifying segmental data availability & ‘amalgamation’ status on MCA-website

  • In Favour of Assessee
  • Citation Number : TS-633-ITAT-2015(HYD)-TP
  • Tax Payer : Virtusa India P Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables for BPO-service provider; Holds forex-gain as operating in nature

  • In Favour of Both, Partially
  • Citation Number : TS-632-ITAT-2015(Bang)-TP
  • Tax Payer : E4E Business Solutions India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes adjustment on procurement support service; Transaction structure ensured zero profit/loss

  • In Favour of Assessee
  • Citation Number : TS-631-ITAT-2015(DEL)-TP
  • Tax Payer : Pepsico India Housing Pvt Ltd