Rulings ( 11982 results )

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Income tax Appellate Tribunal

ITAT:Dismisses miscellaneous petition; Assessee can’t seek remedy before ITAT during HC-appeal pendency

  • In Favour of Revenue
  • Citation Number : TS-272-ITAT-2018(Bang)-TP
  • Tax Payer : Cable and Wireless Networks India P Ltd
Income tax Appellate Tribunal

ITAT:Grants conditional stay on demand arising due to corporate guarantee TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-271-ITAT-2018(Kol)-TP
  • Tax Payer : Apeejay Shipping Limited
Income tax Appellate Tribunal

ITAT: Fixed assets written-off not part of operating costs for computing margin; Deletes TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-270-ITAT-2018(Mum)-TP
  • Tax Payer : Owens-Corning (India) Private Limited
High Court

HC:DRP-order binding on AO; Upholds ITAT's confirmation of DRP's risk adjustment modification

  • In Favour of Assessee
  • Citation Number : TS-268-HC-2018(DEL)-TP
  • Tax Payer : Symphony Marketing Solutions India Pvt Ltd (now Merged with Genpact India)
Income tax Appellate Tribunal

ITAT: Follows earlier year order to exclude 4 comparable, remits comparability of 2 companies

  • In Favour of Assessee
  • Citation Number : TS-267-ITAT-2018(DEL)-TP
  • Tax Payer : E-Valueserve SEZ (Gurgaon) P Ltd
Income tax Appellate Tribunal

ITAT:Upholds AMP-adjustment deletion for Synthes Medical following earlier-orders

  • In Favour of Assessee
  • Citation Number : TS-266-ITAT-2018(Mum)-TP
  • Tax Payer : Synthes Medical Private Limited
Income tax Appellate Tribunal

ITAT: Revenue can determine assessee's-ALP, despite AE's income acceptance, considering likely base erosion

  • In Favour of Revenue
  • Citation Number : TS-265-ITAT-2018(Bang)-TP
  • Tax Payer : Filtrex Technologies Pvt Ltd
High Court

HC: Questions ITAT's selection of standalone comparable despite being conscious of differences, directs re-examination

  • In Favour of Both, Partially
  • Citation Number : TS-264-HC-2018(DEL)-TP
  • Tax Payer : Oriflame India Private Limited
Income tax Appellate Tribunal

ITAT:Subsequent rectification not part of 'records' for Sec 254(2), dismisses Revenue's miscellaneous petition

  • In Favour of Assessee
  • Citation Number : TS-263-ITAT-2018(Bang)-TP
  • Tax Payer : Coriant Communication India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses stay application as infructuous as appeal already disposed off

  • In Favour of Both, Partially
  • Citation Number : TS-262-ITAT-2018(Bang)-TP
  • Tax Payer : Swiss Re Global Business Solutions India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Terms DRP’s action ‘contemptuous’ for not following earlier-order in granting 5 tolerance benefit

  • In Favour of Assessee
  • Citation Number : TS-261-ITAT-2018(Bang)-TP
  • Tax Payer : UAE Exchange & Financial Services Limited
Income tax Appellate Tribunal

ITAT: Grants partial stay against payment of Rs. 3 Cr noting excess refund adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-260-ITAT-2018(Bang)-TP
  • Tax Payer : CGI Information Systems & Management Consultants Pvt Ltd
High Court

HC:Dismisses Revenue’s appeal; Upholds Li & Fung HC-ruling application to Gap’s case

  • In Favour of Assessee
  • Citation Number : TS-259-HC-2018(DEL)-TP
  • Tax Payer : Gap International Sourcing India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants stay for 3 years, directs partial payment in one year

  • In Favour of Assessee
  • Citation Number : TS-258-ITAT-2018(Bang)-TP
  • Tax Payer : CGI Information Systems and Management Consultants P Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in IT, ITeS segments; Remits working capital, risk adjustment claims

  • In Favour of Both, Partially
  • Citation Number : TS-257-ITAT-2018(Bang)-TP
  • Tax Payer : Finastra Software Solutions (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Actual nature of service relevant, mere same nomenclature in agreement insufficient for comparability

  • In Favour of Assessee
  • Citation Number : TS-256-ITAT-2018(DEL)-TP
  • Tax Payer : Alcatel-Lucent India Limited
Income tax Appellate Tribunal

ITAT: Excludes ICC International as comparable for assessee’s marketing support services

  • In Favour of Assessee
  • Citation Number : TS-255-ITAT-2018(Bang)-TP
  • Tax Payer : Nvidia Graphics Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue's miscellaneous petition on non-adjudication of ITeS related ground

  • In Favour of Assessee
  • Citation Number : TS-254-ITAT-2018(Bang)-TP
  • Tax Payer : Altair Engineering India
Income tax Appellate Tribunal

ITAT:Provision for doubtful debts, a non-operating item; Distinguishes Sony, Kenexa rulings

  • In Favour of Both, Partially
  • Citation Number : TS-253-ITAT-2018(Bang)-TP
  • Tax Payer : Marvell India Pvt Ltd
Income tax Appellate Tribunal

ITAT:TP-provisions not applicable once transaction held as sham

  • In Favour of Revenue
  • Citation Number : TS-252-ITAT-2018(DEL)-TP
  • Tax Payer : Mitchell Drilling India Private Limited