Rulings ( 11982 results )

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Income tax Appellate Tribunal

ITAT: Excludes 13 comparables, follows ruling in case of Sonus Networks & Cisco Systems

  • In Favour of Assessee
  • Citation Number : TS-549-ITAT-2015(Bang)-TP
  • Tax Payer : Infineon Technologies India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables citing functional differences with software development service provider assessee

  • In Favour of Assessee
  • Citation Number : TS-548-ITAT-2015(Bang)-TP
  • Tax Payer : Ikanos Communication India Pvt ltd
Income tax Appellate Tribunal

ITAT:Allocates indirect expenses to agency & distribution activity in GP ratio, follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-547-ITAT-2015(DEL)-TP
  • Tax Payer : Corning S.A, India Branch Office
Foreign Court

FC: Canada Federal Court: Dismisses Revenue's appeal; Can't compel taxpayer to produce non-existent documents during TP Audit

  • In Favour of Assessee
  • Citation Number : TS-680-FC-2015(CAN)-TP
  • Tax Payer : Amdocs Canadian Managed Services Inc
Income tax Appellate Tribunal

ITAT: Cancels Rs 68 Cr assessment; Order passed on “non-existent entity” post merger date invalid

  • In Favour of Assessee
  • Citation Number : TS-546-ITAT-2015(Bang)-TP
  • Tax Payer : GE Medical Systems (India) Pvt. Ltd vs. DCIT (Since merged with Wipro GE Healthcare Pvt Ltd)
Income tax Appellate Tribunal

ITAT: CIT(A)'s direction to verify data availability, not limiting AO's power to consider comparability

  • In Favour of Assessee
  • Citation Number : TS-545-ITAT-2015(Bang)-TP
  • Tax Payer : Vmoksha Technologies P Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 merchant banking companies, functionally incomparable with investment advisor assessee

  • In Favour of Assessee
  • Citation Number : TS-544-ITAT-2015(Mum)-TP
  • Tax Payer : General Atlantic Pvt Ltd
Income tax Appellate Tribunal

ITAT: Applies LIBOR+1.5% interest benchmark on delayed AE-receivables in minority cases

  • In Favour of Assessee
  • Citation Number : TS-543-ITAT-2015(Mum)-TP
  • Tax Payer : Golawala Diamonds
Income tax Appellate Tribunal

ITAT: Directs use of intenal TNMM for ITeS transactions; Follows Mylan Labs decision

  • In Favour of Assessee
  • Citation Number : TS-542-ITAT-2015(Bang)-TP
  • Tax Payer : E4E Business Solutions India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Singapore LIBOR relevant for benchmarking AE-loan; Guarantee commission adjustment restricted to 0.5%

  • In Favour of Assessee
  • Citation Number : TS-540-ITAT-2015(Mum)-TP
  • Tax Payer : Cox and Kings Ltd
Income tax Appellate Tribunal

ITAT: Allows working capital adjustment considering average credit / debit period & commercial interest rate

  • In Favour of Assessee
  • Citation Number : TS-539-ITAT-2015(PUN)-TP
  • Tax Payer : Software AG (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Can't exclude comparables based on turnover, without functional analysis; follows ChrysCapital ruling

  • In Favour of Assessee
  • Citation Number : TS-538-ITAT-2015(DEL)-TP
  • Tax Payer : M/s Rampgreen solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT:Intra-group services payment allowed to extent of cost corroborated, follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-537-ITAT-2015(Bang)-TP
  • Tax Payer : Essentra India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds DRP order, restricts TP adjustment to mark-up on intra-group services

  • In Favour of Assessee
  • Citation Number : TS-536-ITAT-2015(Bang)-TP
  • Tax Payer : Essentra India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits AMP issue in manufacturer's case; directs fresh determination following Sony Ericsson ruling

  • In Favour of Assessee
  • Citation Number : TS-535-ITAT-2015(CHANDI)-TP
  • Tax Payer : Glaxo Smithkline Consumer Healthcare Ltd
Income tax Appellate Tribunal

ITAT: Admits audited segmental results as additional evidence; Confirms share issue adjustment deletion

  • In Favour of Assessee
  • Citation Number : TS-534-ITAT-2015(Mum)-TP
  • Tax Payer : Solvay Specialties India P Ltd
Income tax Appellate Tribunal

ITAT: 'Optimum capacity' relevant for determining capacity underutilization adjustment; Follows Petro Araldite ruling

  • In Favour of Assessee
  • Citation Number : TS-533-ITAT-2015(Bang)-TP
  • Tax Payer : Biesse Manufacturing Co Pvt Ltd
High Court

HC:Upholds ITAT order; RPM most appropriate method for benchmarking trading transactions

  • In Favour of Assessee
  • Citation Number : TS-532-HC-2015(DEL)-TP
  • Tax Payer : Luxottica India Eyewear P Ltd
High Court

HC:Upholds YoY obsolete stock provision as non-operating; No undue tax-advantage to taxpayer

  • In Favour of Assessee
  • Citation Number : TS-531-HC-2015(DEL)-TP
  • Tax Payer : Federal Mogul Automative Products (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects taxpayer's pass-through cost exclusions; Says cost 'direct' in nature, entailed risk

  • In Favour of Assessee
  • Citation Number : TS-530-ITAT-2015(DEL)-TP
  • Tax Payer : Fritidsresor Tours & Travels India Pvt Ltd