Rulings ( 11988 results )

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Income tax Appellate Tribunal

ITAT:Dismisses appeal against CIT(A)’s penalty-deletion considering fresh proceedings post-ITAT’s quantum adjustment remand

  • In Favour of Assessee
  • Citation Number : TS-3-ITAT-2018(DEL)-TP
  • Tax Payer : Actis Advisers Pvt Ltd
Income tax Appellate Tribunal

ITAT: Can’t add markup on expense reimbursements as merely balance-sheet entries; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-1048-ITAT-2017(HYD)-TP
  • Tax Payer : Cambridge Technology Enterprises Ltd
Supreme Court

SC: Dismisses Revenue's SLP; HC ruled on interpretation of AE-relationship between family-controlled entities

  • In Favour of Assessee
  • Citation Number : TS-2-SC-2018-TP
  • Tax Payer : Veer Gems
Income tax Appellate Tribunal

ITAT: Excludes Bodthree, remits Tata Elxsi & Infosys comparability for software developer

  • In Favour of Both, Partially
  • Citation Number : TS-1047-ITAT-2017(Bang)-TP
  • Tax Payer : Narus Networks Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects DRP’s entity level TP-adjustment; Follows Keihin Panalfa & Alstom Projects HC-rulings

  • In Favour of Assessee
  • Citation Number : TS-1046-ITAT-2017(CHNY)-TP
  • Tax Payer : Yongsan Automotive India Pvt Ltd
Supreme Court

SC: Upholds HC’s quashing of show-cause-notice as beyond scope of ITAT’s specific remand

  • In Favour of Assessee
  • Citation Number : TS-1-SC-2018-TP
  • Tax Payer : Li and Fung India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses TP-grounds in view of settlement of dispute under MAP

  • In Favour of Both, Partially
  • Citation Number : TS-1045-ITAT-2017(Bang)-TP
  • Tax Payer : Flowserve India Controls Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects Tribunal’s income enhancement by considering guarantee commission in ALP; Allows miscellaneous-application

  • In Favour of Assessee
  • Citation Number : TS-1044-ITAT-2017(Mum)-TP
  • Tax Payer : Uttam Galva Steel Ltd
Income tax Appellate Tribunal

ITAT: Dismisses assessee's miscellaneous petition alleging non-adjudication of some TP-grounds

  • In Favour of Revenue
  • Citation Number : TS-1043-ITAT-2017(Bang)-TP
  • Tax Payer : Kaypee Electronics & Associates Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects miscellaneous-petition seeking additional evidence consideration regarding receipt of intra-group services

  • In Favour of Revenue
  • Citation Number : TS-1042-ITAT-2017(Bang)-TP
  • Tax Payer : Herbalife International India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses miscellaneous petition seeking adjudication on certain grounds absent arguments during hearing

  • In Favour of Assessee
  • Citation Number : TS-1041-ITAT-2017(Bang)-TP
  • Tax Payer : Biesse Manufacturing Co. Pvt. Ltd
Income tax Appellate Tribunal

ITAT:Allows miscellaneous petition; Recalls order dismissing assessee's appeal in limine

  • In Favour of Assessee
  • Citation Number : TS-1040-ITAT-2017(Bang)-TP
  • Tax Payer : Indeca Sporting Goods Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes concealment penalty as TP-adjustment had no effect on income of assessee

  • In Favour of Assessee
  • Citation Number : TS-1039-ITAT-2017(DEL)-TP
  • Tax Payer : Goodyear India Ltd
Income tax Appellate Tribunal

ITAT: Classifies assessee as low-end BPO; Rejects comparables with ‘shady past’ record

  • In Favour of Both, Partially
  • Citation Number : TS-1038-ITAT-2017(DEL)-TP
  • Tax Payer : Everest Business Advisory India
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s miscellaneous application considering idle capacity adjustment issue adjudicated by Tribunal

  • In Favour of Revenue
  • Citation Number : TS-1037-ITAT-2017(Bang)-TP
  • Tax Payer : Trianz Holdings Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs TPO to decide TP-issues according to subsequent-year APA terms if transactions similar

  • In Favour of Assessee
  • Citation Number : TS-1036-ITAT-2017(PUN)-TP
  • Tax Payer : Abicor Binzel Production (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Sets aside CIT(A)’s order absent proper adjudication on disputed comparables

  • In Favour of Assessee
  • Citation Number : TS-1035-ITAT-2017(Bang)-TP
  • Tax Payer : GE Intelligent Platforms Pvt. Ltd (formerly GE Fanuc Systems Pvt. Ltd)
Income tax Appellate Tribunal

ITAT: Holds assessment framed in non-existing merged company’s name as unsustainable

  • In Favour of Assessee
  • Citation Number : TS-1034-ITAT-2017(DEL)-TP
  • Tax Payer : JCB India Limited (formerly known as JCB Manufacturing Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Remits aggregation issue, MAM selection for product development & management fees transactions

  • In Favour of Both, Partially
  • Citation Number : TS-1033-ITAT-2017(Bang)-TP
  • Tax Payer : Autoliv India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Domestic TP deletion vide Finance Act, 2017 deemed omitted from inception; Remits directors remuneration transaction

  • In Favour of Both, Partially
  • Citation Number : TS-1032-ITAT-2017(Bang)-TP
  • Tax Payer : Texport Overseas Private Limited