Rulings ( 11988 results )

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Income tax Appellate Tribunal

ITAT:Upholds CIT(A)’s deletion of adjustment relating to SIA/RBI approved royalty; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-971-ITAT-2017(PUN)-TP
  • Tax Payer : Spicer India Private Ltd (Formerly known as Spicer India Limited)
Income tax Appellate Tribunal

ITAT: Rules on comparables selection in IT & ITES segments; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-970-ITAT-2017(PUN)-TP
  • Tax Payer : Principal Global Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 5 comparables for software developer; Follows AOL Online ruling

  • In Favour of Assessee
  • Citation Number : TS-969-ITAT-2017(Bang)-TP
  • Tax Payer : Sterling Commerce Solutions India Private Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)'s corporate guarantee adjustment deletion, interest-rate ALP restriction; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-968-ITAT-2017(Rjt)-TP
  • Tax Payer : Jyoti CNC Automation Pvt Ltd
Income tax Appellate Tribunal

ITAT:Condones delay in filing objections before DRP absent malafide intention; Follows MST-Katiji ruling

  • In Favour of Assessee
  • Citation Number : TS-967-ITAT-2017(Bang)-TP
  • Tax Payer : Conergy Energy Sytems Pvt Ltd
Income tax Appellate Tribunal

ITAT:Revenue's ALP-determination of royalty at Nil, contrary to Cushman ratio; Remits issue

  • In Favour of Assessee
  • Citation Number : TS-966-ITAT-2017(DEL)-TP
  • Tax Payer : Honda Motor India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds Rs.200cr turnover filter application; Follows favourable Pentair over Chryscapital HC-ruling

  • In Favour of Both, Partially
  • Citation Number : TS-965-ITAT-2017(Bang)-TP
  • Tax Payer : Dell International Services India Private Ltd
Income tax Appellate Tribunal

ITAT: Excludes 2 functionally dissimilar comparables for software-developer; Treats forex-gain as operating nature

  • In Favour of Assessee
  • Citation Number : TS-964-ITAT-2017(DEL)-TP
  • Tax Payer : Tektronix (India) P Ltd
Income tax Appellate Tribunal

ITAT: Benchmarking interest on AE-receivables with capital bonds amounts to transaction re-characterization

  • In Favour of Assessee
  • Citation Number : TS-963-ITAT-2017(DEL)-TP
  • Tax Payer : AVL India Private Limited
Income tax Appellate Tribunal

ITAT: Upholds aggregation of IT & ITeS provided under composite agreement; Rejects Revenue’s AS-17 reliance

  • In Favour of Assessee
  • Citation Number : TS-962-ITAT-2017(Kol)-TP
  • Tax Payer : Data Core (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes protective AMP-adjustment; Sony HC-ruling discarding BLT binding despite Revenue’s SC appeal

  • In Favour of Assessee
  • Citation Number : TS-961-ITAT-2017(DEL)-TP
  • Tax Payer : Toshiba India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Remits royalty benchmarking to follow co-ordinate bench directions in assessee's own case

  • In Favour of Assessee
  • Citation Number : TS-960-ITAT-2017(DEL)-TP
  • Tax Payer : Munjal Showa Limited
Income tax Appellate Tribunal

ITAT: Excludes 4 functionally dissimilar comparables for online-course development service provider; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-959-ITAT-2017(DEL)-TP
  • Tax Payer : Element K India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits intra-group services for examining ‘benefit test’ applying GE-Money ratio; Distinguishes EKL-Appliances

  • In Favour of Both, Partially
  • Citation Number : TS-958-ITAT-2017(DEL)-TP
  • Tax Payer : Tractebel Engineering Pvt Ltd
Income tax Appellate Tribunal

ITAT:Royalty expenditure allowance and ALP-determination operate in altogether different provisions; Remits issue

  • In Favour of Assessee
  • Citation Number : TS-957-ITAT-2017(DEL)-TP
  • Tax Payer : Denso India Ltd
Supreme Court

SC:Admits Revenue's SLP against Delhi HC for quashing 153A-proceedings absent incriminating material

  • In Favour of Assessee
  • Citation Number : TS-956-SC-2017-TP
  • Tax Payer : Baba Global Ltd
Income tax Appellate Tribunal

ITAT: Confirms corporate guarantee adjustment deletion; HC-appeal against Micro-Ink doesn’t dilute ITAT ratio

  • In Favour of Both, Partially
  • Citation Number : TS-955-ITAT-2017(Rjt)-TP
  • Tax Payer : Jyoti CNC Automation Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes Motilal Oswal, remits comparability of Integrated Capital Services for investment advisor

  • In Favour of Both, Partially
  • Citation Number : TS-954-ITAT-2017(Mum)-TP
  • Tax Payer : WL Ross India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts separate benchmarking for bifurcated segments of sale transaction; Follows earlier-orders

  • In Favour of Assessee
  • Citation Number : TS-953-ITAT-2017(PUN)-TP
  • Tax Payer : Piaggio Vehicles Pvt Ltd
Income tax Appellate Tribunal

ITAT: Exchange loss on AE-borrowing non-operating expenditure; Rules on comparable selection

  • In Favour of Both, Partially
  • Citation Number : TS-952-ITAT-2017(DEL)-TP
  • Tax Payer : Teva API India Pvt Ltd (Formerly known as Teva API India Ltd)