Rulings ( 11982 results )

Filters
Income tax Appellate Tribunal

ITAT: Rejects 4 comparable w.r.t marketing support service; 5 benefit not standard deduction

  • In Favour of Assessee
  • Citation Number : TS-508-ITAT-2015(Ahd)-TP
  • Tax Payer : Lubrizol Advanced Materials India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits AMP-issue; Declines restraining TPO from considering ITAT directions for other year

  • In Favour of Both, Partially
  • Citation Number : TS-507-ITAT-2015(DEL)-TP
  • Tax Payer : Toshiba India Pvt Ltd
High Court

HC:‘Pass through’ costs not having effect on profits excluded from PLI denominator

  • In Favour of Assessee
  • Citation Number : TS-506-HC-2015(DEL)-TP
  • Tax Payer : Johnson Matthey India Private Limited
High Court

HC:Quashes ITAT’s non-speaking remand order terming Sec 144C non-compliance as a 'curable defect'

  • In Favour of Assessee
  • Citation Number : TS-497-HC-2014(MAD)-TP
  • Tax Payer : India Trimmings P Ltd Vs ACIT
Income tax Appellate Tribunal

ITAT: Upholds exclusion of 15 comparables based on functionally dissimilarity and turnover filter

  • In Favour of Assessee
  • Citation Number : TS-505-ITAT-2015(Bang)-TP
  • Tax Payer : Novell Software Development (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparable with abnormal profits arising due to amalgamation

  • In Favour of Assessee
  • Citation Number : TS-504-ITAT-2015(Bang)-TP
  • Tax Payer : Synopsis India P Ltd
Foreign Court

FC: Australian Federal Court upholds inter-company interest on $ 2.5 billion loan as 'excessive'

  • In Favour of Revenue
  • Citation Number : TS-679-FC-2015-TP
  • Tax Payer : Chevron Australia Holdings Pty Ltd
Income tax Appellate Tribunal

ITAT: Grants stay against demand of Rs. 2.6 Cr; Assessee already paid > 50%

  • In Favour of Assessee
  • Citation Number : TS-503-ITAT-2015(Bang)-TP
  • Tax Payer : Yodlee Infotech P Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s appeal; Rejects 19 comparables for software development service

  • In Favour of Assessee
  • Citation Number : TS-502-ITAT-2015(Bang)-TP
  • Tax Payer : Autodesk India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits AMP-issue absent details on 'functions', despite HC's direction for ITAT-level disposal

  • In Favour of Assessee
  • Citation Number : TS-501-ITAT-2015(DEL)-TP
  • Tax Payer : Haier Appliances India Ltd
Income tax Appellate Tribunal

ITAT: Rules in assessee’s favour; Upholds internal TNMM over external TNMM

  • In Favour of Assessee
  • Citation Number : TS-500-ITAT-2015(Bang)-TP
  • Tax Payer : Agila Specialities Pvt Ltd (Now merged with Mylan Laboratories Ltd)
Income tax Appellate Tribunal

ITAT:Accepts assessee’s CUP over TPO’s TNMM; Rejects TPO’s comparable citing functional differences

  • In Favour of Assessee
  • Citation Number : TS-499-ITAT-2015(CHANDI)-TP
  • Tax Payer : Shri Davinder Kumar Bhasin
Income tax Appellate Tribunal

ITAT: Excludes 7 comparable due to functional differences, relies upon 3DPLM Software ruling

  • In Favour of Assessee
  • Citation Number : TS-498-ITAT-2015(Bang)-TP
  • Tax Payer : Support.com India P Ltd
Income tax Appellate Tribunal

ITAT: Rejects 11 companies as incomparable for software development services; Follows earlier ITAT rulings

  • In Favour of Assessee
  • Citation Number : TS-497-ITAT-2015(Bang)-TP
  • Tax Payer : SAP Labs India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar comparables; Denies risk-adjustment as similar risk borne by comparables

  • In Favour of Assessee
  • Citation Number : TS-496-ITAT-2015(Bang)-TP
  • Tax Payer : Meritor LVS India (P) Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparable owning intangibles, developing software products; First Advantage ruling relied

  • In Favour of Assessee
  • Citation Number : TS-495-ITAT-2015(Bang)-TP
  • Tax Payer : AMD India Private Ltd
Income tax Appellate Tribunal

ITAT: Rejects CIT (A)’s ‘arbitrary’ modification of 25% employee-cost filter

  • In Favour of Assessee
  • Citation Number : TS-494-ITAT-2015(Bang)-TP
  • Tax Payer : ACI Worldwide Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables following precedents; Upholds concealment penalty deletion following Reliance Petro-product ruling

  • In Favour of Assessee
  • Citation Number : TS-493-ITAT-2015(HYD)-TP
  • Tax Payer : United Online Software Development (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Approves hourly rates as internal-CUP since similar services provided to non-AEs

  • In Favour of Assessee
  • Citation Number : TS-492-ITAT-2015(DEL)-TP
  • Tax Payer : ABB Lummus Heat Transfer BV
Income tax Appellate Tribunal

ITAT:AO cannot make Sec 40A(2) disallowance once international transaction ALP-determination referred to TPO 

  • In Favour of Assessee
  • Citation Number : TS-491-ITAT-2015(Bang)-TP
  • Tax Payer : Herbalife International India Pvt Ltd