Rulings ( 11982 results )

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Income tax Appellate Tribunal

ITAT:Rejects assessee’s attempt to under charge depreciation in guise of capacity under-utilization

  • In Favour of Assessee
  • Citation Number : TS-529-ITAT-2015(Bang)-TP
  • Tax Payer : Indigra Exports P Ltd
Income tax Appellate Tribunal

ITAT:Excludes Allsec, R-Systems, Cosmic Global due to functional differences, abnormal profits 

  • In Favour of Assessee
  • Citation Number : TS-528-ITAT-2015(PUN)-TP
  • Tax Payer : Schlumberger Global Support Centre Limited
Income tax Appellate Tribunal

ITAT:Directs segmental data consideration; TP adjustment to be restricted to international transactions

  • In Favour of Assessee
  • Citation Number : TS-527-ITAT-2015(PUN)-TP
  • Tax Payer : Vistcon Engineering Center (India) Private Limited
High Court

HC:Division bench stays balance demand post single-judge order 

  • In Favour of Revenue
  • Citation Number : TS-525-HC-2015(MAD)-TP
  • Tax Payer : Jyothy Laboratories Ltd
Income tax Appellate Tribunal

ITAT:Rejects charge of foreign exchange loss as part of management service fee 

  • In Favour of None/NA
  • Citation Number : TS-524-ITAT-2015(HYD)-TP
  • Tax Payer : DQ Entertainment (International) Ltd
Income tax Appellate Tribunal

ITAT:Excludes 17 comparables citing functional differences, employee cost & turnover filter 

  • In Favour of None/NA
  • Citation Number : TS-523-ITAT-2015(Bang)-TP
  • Tax Payer : Software AG Bangalore Technologies Private Limited
Income tax Appellate Tribunal

ITAT:Restricts TP adjustment to AE transactions, despite assessee's entity level benchmarking 

  • In Favour of Assessee
  • Citation Number : TS-522-ITAT-2015(Mum)-TP
  • Tax Payer : Alstom Projects India Ltd
Income tax Appellate Tribunal

ITAT:Tax avoidance motive must for TP; Applies Vodafone ruling over Sony/Aztec 

  • In Favour of None/NA
  • Citation Number : TS-521-ITAT-2015(Mum)-TP
  • Tax Payer : Tata Consultancy Services
Income tax Appellate Tribunal

ITAT:Rejects CUP method despite same sale-price for assessee-AE and AE-customer transactions 

  • In Favour of Revenue
  • Citation Number : TS-520-ITAT-2015(DEL)-TP
  • Tax Payer : Bombardier Transportation India Pvt. Ltd.
Income tax Appellate Tribunal

ITAT:12 months LIBOR average for interest benchmark inappropriate when loan period not uniform 

  • In Favour of None/NA
  • Citation Number : TS-519-ITAT-2015(Mum)-TP
  • Tax Payer : Arshiya International Limited
Income tax Appellate Tribunal

ITAT:Remands RPM as MAM; High AMP expenditure suggests assessee not mere distributor 

  • In Favour of None/NA
  • Citation Number : TS-518-ITAT-2015(Mum)-TP
  • Tax Payer : Mattel Toys (India) P Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables due to extra-ordinary events like merger & outsourcing of activities

  • In Favour of Assessee
  • Citation Number : TS-517-ITAT-2015(DEL)-TP
  • Tax Payer : American Express India P Ltd
Income tax Appellate Tribunal

ITAT: Rejects Bodhtree & KALS as functionally different comparables for software development services

  • In Favour of Assessee
  • Citation Number : TS-516-ITAT-2015(PUN)-TP
  • Tax Payer : Synechron Technologies Pvt Ltd
High Court

HC:Revenue should have considered Sec 144C violation before rejecting stay application, grants relief

  • In Favour of Assessee
  • Citation Number : TS-515-HC-2015(CAL)-TP
  • Tax Payer : Vodafone East Limited
Income tax Appellate Tribunal

ITAT: Remands comparability & working capital, risk adjustments; TP-study using multiple-year data unreliable

  • In Favour of Assessee
  • Citation Number : TS-514-ITAT-2015(Bang)-TP
  • Tax Payer : Parametric Technology (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Includes comparable without depreciation adjustment to margin, considering earlier AY DRP order

  • In Favour of Assessee
  • Citation Number : TS-513-ITAT-2015(Mum)-TP
  • Tax Payer : Progility technologies Private Limited (Formerly Unify Enterprise Communications Private Limited)
Income tax Appellate Tribunal

ITAT: Excludes 5 comparables for software development service & 3 for ITeS considering functional dissimilarity

  • In Favour of Assessee
  • Citation Number : TS-512-ITAT-2015(Bang)-TP
  • Tax Payer : Unisys India Private Ltd
Income tax Appellate Tribunal

ITAT:Share premium received from AE not ‘income’; Follows Vodafone / Shell HC judgments

  • In Favour of Assessee
  • Citation Number : TS-511-ITAT-2015(Mum)-TP
  • Tax Payer : Supergems (India) Private Limited
Income tax Appellate Tribunal

ITAT: Can't buy DRP's 'heroics' in judicial interpretation; Non-AE prices must for CUP

  • In Favour of Assessee
  • Citation Number : TS-510-ITAT-2015(Ahd)-TP
  • Tax Payer : Gemstone Glass Pvt Ltd
Income tax Appellate Tribunal

ITAT:AE transaction not appropriate comparable for TP analysis; Directs consideration of uncontrolled comparables

  • In Favour of Assessee
  • Citation Number : TS-509-ITAT-2015(Mum)-TP
  • Tax Payer : Greaves Cotton Ltd