Rulings ( 11982 results )

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High Court

HC: Upholds ITAT; Accepts ALP of royalty payment to parent 3 of sales

  • In Favour of Assessee
  • Citation Number : TS-569-HC-2015(BOM)-TP
  • Tax Payer : SGS India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Corporate guarantee issuance, a 'shareholder actvity'; Deletes TP-adjustment absent bearing on profits

  • In Favour of Assessee
  • Citation Number : TS-568-ITAT-2015(Ahd)-TP
  • Tax Payer : Micro Ink Limited
Income tax Appellate Tribunal

ITAT: Correct PLI computation paramount for comparability analysis; Remits operating / non-operating items examination

  • In Favour of Both, Partially
  • Citation Number : TS-567-ITAT-2015(DEL)-TP
  • Tax Payer : Conexant Systems Pvt Ltd
High Court

HC: Turnover a relevant factor for comparability; Upholds ITAT's order excluding high turnover companies 

  • In Favour of None/NA
  • Citation Number : TS-566-HC-2015(BOM)-TP
  • Tax Payer : Pentair Water India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Confirms disallowance u/s 37 for reimbursement to AE not substantiated with evidence

  • In Favour of Both, Partially
  • Citation Number : TS-565-ITAT-2015(Mum)-TP
  • Tax Payer : Godrej Sara Lee Ltd
Income tax Appellate Tribunal

ITAT:Deletes concealment penalty absent assessee’s lack of due diligence in ALP determination

  • In Favour of Assessee
  • Citation Number : TS-564-ITAT-2015(Mum)-TP
  • Tax Payer : Babcock & Brown India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Excludes functionally different companies for assessee engaged in R&D of application solutions

  • In Favour of Assessee
  • Citation Number : TS-563-ITAT-2015(HYD)-TP
  • Tax Payer : AMD Research & Development Centre India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits method of computing margin & verification of expenses relating AE purchases

  • In Favour of Assessee
  • Citation Number : TS-562-ITAT-2015(Mum)-TP
  • Tax Payer : Signity India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Companies carrying out inhouse research incomparable with assessee outsourcing it; Follows Rampgreen

  • In Favour of Assessee
  • Citation Number : TS-561-ITAT-2015(Mum)-TP
  • Tax Payer : Pfizer Limited
Income tax Appellate Tribunal

ITAT:Remits capacity utilization / depreciation adjustments & selection of loss making comparables

  • In Favour of Both, Partially
  • Citation Number : TS-560-ITAT-2015(Mum)-TP
  • Tax Payer : Advance Power Display Systems Ltd
Income tax Appellate Tribunal

ITAT: Restricts interest adjustment on intercompany-receivable to net balance; Excludes comparables following precedents

  • In Favour of Assessee
  • Citation Number : TS-559-ITAT-2015(DEL)-TP
  • Tax Payer : Bentley Systems India Pvt Ltd
High Court

HC: Mere profitability not indicative of ALP; Reverses ITAT conclusion on intra-group services

  • In Favour of Both, Partially
  • Citation Number : TS-558-HC-2015(P & H)-TP
  • Tax Payer : Knorr-Bremse India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Assessee not software product company, rejects recharacterization; directs component-wise forex gains examination

  • In Favour of Assessee
  • Citation Number : TS-557-ITAT-2015(Mum)-TP
  • Tax Payer : Lionbridge Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Revenue can't challenge own comparables absent CIT(A) / DRP's direction; Distinguishes Quark SB-ruling

  • In Favour of Assessee
  • Citation Number : TS-556-ITAT-2015(DEL)-TP
  • Tax Payer : Trend Micro India Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal challenging Cosmic Global and Accentia Technologies exclusion as comparables

  • In Favour of Assessee
  • Citation Number : TS-555-HC-2015(DEL)-TP
  • Tax Payer : Xchanging Technology Services India Pvt Ltd.
Income tax Appellate Tribunal

ITAT: Rejects 6 comparables based on functionally dissimilarity, exceptional events, significant brand value

  • In Favour of Assessee
  • Citation Number : TS-554-ITAT-2015(HYD)-TP
  • Tax Payer : Hyundai Motors India Engineering P Ltd
Income tax Appellate Tribunal

ITAT: Quashes Rs.1.27cr adjustment deletion; CIT(A) to reconsider working capital adjustment issue

  • In Favour of Revenue
  • Citation Number : TS-553-ITAT-2015(DEL)-TP
  • Tax Payer : BT (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Benefit for intra-group services not TPO’s concern, AO to decide Sec 37 deductibility

  • In Favour of Assessee
  • Citation Number : TS-552-ITAT-2015(DEL)-TP
  • Tax Payer : Avon Beauty Products India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Upholds Sec 271G penalty deletion; Share capital investment in subsidiary not international transaction

  • In Favour of Assessee
  • Citation Number : TS-551-ITAT-2015(HYD)-TP
  • Tax Payer : Hill County Properties Limited
Income tax Appellate Tribunal

ITAT: Exclude comparables due to functional differences, turnover filter; Follows Airbus India ruling

  • In Favour of Assessee
  • Citation Number : TS-550-ITAT-2015(Bang)-TP
  • Tax Payer : Infineon Technologies India Pvt. Ltd