Rulings ( 11982 results )

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High Court

HC:TP-adjustment to be restricted only to AE-transactions, follows Tara Jewels ruling

  • In Favour of Assessee
  • Citation Number : TS-610-HC-2015(BOM)-TP
  • Tax Payer : Ratilal Becharlal & Sons
Income tax Appellate Tribunal

ITAT: Holds software development service transaction with 8 margin to be at ALP

  • In Favour of Assessee
  • Citation Number : TS-609-ITAT-2015(Bang)-TP
  • Tax Payer : Support.com India Private Ltd
Income tax Appellate Tribunal

ITAT:ALP-determination by apportioning expenses on sales-basis not per prescribed method; Remits issue

  • In Favour of Assessee
  • Citation Number : TS-608-ITAT-2015(CHNY)-TP
  • Tax Payer : Autoneum Nittoku Sound Proof Products India P Ltd
Income tax Appellate Tribunal

ITAT: TPO/DRP mechanically rejected risk & capital utilization adjustment; directs reconsideration

  • In Favour of Assessee
  • Citation Number : TS-607-ITAT-2015(DEL)-TP
  • Tax Payer : Bechtel India P Ltd
Income tax Appellate Tribunal

ITAT: Rule 27 can't come to Revenue's rescue while contesting own comparables selection

  • In Favour of Assessee
  • Citation Number : TS-606-ITAT-2015(DEL)-TP
  • Tax Payer : Techbooks Electronics Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Accepts changed royalty payment basis under liberalized FEMA policy; Upholds TP-adjustment deletion

  • In Favour of Assessee
  • Citation Number : TS-605-ITAT-2015(DEL)-TP
  • Tax Payer : Oracle India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs reducing 50% of financial service benefit from corporate-service fee; Follows precedents 

  • In Favour of Both, Partially
  • Citation Number : TS-604-ITAT-2015(CHANDI)-TP
  • Tax Payer : DSM Sinochem Pharmaceuticals India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Sets aside non-speaking DRP order; Relies upon Vodafone and GAP International ruling

  • In Favour of Assessee
  • Citation Number : TS-603-ITAT-2015(Kol)-TP
  • Tax Payer : Lexmark International (India) Pvt. Limited
Income tax Appellate Tribunal

ITAT: Excludes 2 comparables citing functional differences; Engineers India incomparable being Government company

  • In Favour of Assessee
  • Citation Number : TS-602-ITAT-2015(DEL)-TP
  • Tax Payer : Bechtel India P Ltd
Income tax Appellate Tribunal

ITAT: Rejects internal CUP absent demonstration that AE, non-AE purchases are identical

  • In Favour of Both, Partially
  • Citation Number : TS-601-ITAT-2015(Bang)-TP
  • Tax Payer : Alpha ITL Electro Optics(P) Ltd
Income tax Appellate Tribunal

ITAT: Excludes 9 comparables for assessee engaged in providing BPO-services, follows Symphony ruling

  • In Favour of Assessee
  • Citation Number : TS-600-ITAT-2015(Bang)-TP
  • Tax Payer : Flextronics Technologies (India) Private Ltd.
Income tax Appellate Tribunal

ITAT:Quashes AO’s final assessment order passed beyond 1 month from receiving DRP directions

  • In Favour of Assessee
  • Citation Number : TS-599-ITAT-2015(DEL)-TP
  • Tax Payer : IHG IT Services (India) Pvt. Ltd.
High Court

HC: Upholds profit-sharing ratio as CUP for freight-forwarding service-provider; Praises well-reasoned ITAT order

  • In Favour of Assessee
  • Citation Number : TS-598-HC-2015-TP
  • Tax Payer : Toll Global Forwarding India Pvt Ltd
Income tax Appellate Tribunal

ITAT: AO can’t modify ALP determined by TPO, absent specific direction from DRP

  • In Favour of Assessee
  • Citation Number : TS-597-ITAT-2015(DEL)-TP
  • Tax Payer : Copal Research India Pvt. Ltd.
High Court

HC: Upholds ITAT’s rejection of Coral Hub and Eclerx services as comparable

  • In Favour of Assessee
  • Citation Number : TS-596-HC-2015(DEL)-TP
  • Tax Payer : Copal Research India Pvt. Ltd
High Court

HC: Maruti-Suzuki's AMP-spend, not an 'international transaction'; Distinguishes Sony Ericsson ruling

  • In Favour of Assessee
  • Citation Number : TS-595-HC-2015(DEL)-TP
  • Tax Payer : Maruti Suzuki India Ltd
Income tax Appellate Tribunal

ITAT: Upholds LIBOR as interest benchmark for AE-loan; Remits corporate guarantee ALP-determination

  • In Favour of Assessee
  • Citation Number : TS-594-ITAT-2015(HYD)-TP
  • Tax Payer : Rain Commodities Limited
High Court

HC: Tribunal to decide turnover-filter issue as SB in Giesecke & Devirent stands dissolved

  • In Favour of Both, Partially
  • Citation Number : TS-593-HC-2015(P & H)-TP
  • Tax Payer : Agilent Technologies (International) Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Rejects aggregation of agency provision services with distribution segment; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-592-ITAT-2015(DEL)-TP
  • Tax Payer : Corning SAS-India Branch Office
Income tax Appellate Tribunal

ITAT:Deletes excess salary disallowance u/s 40A(2) as correspondingly higher income taxed under cost-plus model

  • In Favour of Assessee
  • Citation Number : TS-591-ITAT-2015(DEL)-TP
  • Tax Payer : XL India Business Services Private Limited