Rulings ( 11988 results )

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Income tax Appellate Tribunal

ITAT: CIT(A)'s comparables exclusion unsustainable absent opportunity to TPO, cites Rule 46A violation

  • In Favour of Revenue
  • Citation Number : TS-866-ITAT-2017(Bang)-TP
  • Tax Payer : Infinera India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes Sec 271G-penalty absent notice u/s 92D(3) specifying information requisition; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-865-ITAT-2017(Mum)-TP
  • Tax Payer : Cadbury Schweppes Overseas Ltd
Income tax Appellate Tribunal

ITAT: Excludes TCS E-Serve for assessee’s ITES; Excludes 2 comparables for software development

  • In Favour of Assessee
  • Citation Number : TS-863-ITAT-2017(DEL)-TP
  • Tax Payer : Stryker Global Technology Center Private Limited
Income tax Appellate Tribunal

ITAT: Deletes Sec. 271G penalty citing practical difficulty in information submission for diamond merchants

  • In Favour of Assessee
  • Citation Number : TS-862-ITAT-2017(Mum)-TP
  • Tax Payer : D Navinchandra Exports Pvt Ltd
High Court

HC:Comparables inclusion/exclusion per se not question of law; Upholds ITAT-order

  • In Favour of Assessee
  • Citation Number : TS-861-HC-2017(DEL)-TP
  • Tax Payer : WSP Consultants India Pvt Ltd
Supreme Court

SC:Dismisses Revenue's SLP against HC judgment upholding TNMM for technical service fee

  • In Favour of Assessee
  • Citation Number : TS-860-SC-2017-TP
  • Tax Payer : Magneti Marelli Powertrain India Pvt Ltd
High Court

HC: Upholds ITAT’s exclusion of Mold-Tek Technologies for assessee's back-office research services

  • In Favour of Assessee
  • Citation Number : TS-859-HC-2017(DEL)-TP
  • Tax Payer : Evalueserve.com Pvt Ltd
Income tax Appellate Tribunal

ITAT: No TP-adjustment warranted on AE-receivables after allowing working capital adjustment; Follows Kusum-ruling

  • In Favour of Assessee
  • Citation Number : TS-858-ITAT-2017(HYD)-TP
  • Tax Payer : EPAM Systems India P Ltd
Income tax Appellate Tribunal

ITAT:Remits seconded employee’s salary reimbursement for verification whether transaction routed through books

  • In Favour of Assessee
  • Citation Number : TS-857-ITAT-2017(HYD)-TP
  • Tax Payer : United States Pharmacopeia India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Restores ALP-computation for onsite services from AE to consider excess TP-adjustment claim

  • In Favour of Both, Partially
  • Citation Number : TS-856-ITAT-2017(Bang)-TP
  • Tax Payer : Altimetrik India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for software developer; +/-5% not standard deduction post 2012-amendment

  • In Favour of Both, Partially
  • Citation Number : TS-855-ITAT-2017(Bang)-TP
  • Tax Payer : SAP Labs India Private Ltd
High Court

HC: Upholds ITAT-order; Sister-in-law neither 'associated' nor 'relative' u/s 92A

  • In Favour of Assessee
  • Citation Number : TS-854-HC-2017(RAJ)-TP
  • Tax Payer : Jaipur Silver Jewels P Ltd
High Court

HC: Upholds ITAT’s TP-adjustment deletion on AE-exports after giving +/-5% benefit

  • In Favour of Assessee
  • Citation Number : TS-852-HC-2017(RAJ)-TP
  • Tax Payer : Kgk Enterprises
High Court

HC: Upholds LIBOR as benchmark for AE-loan, deletes adhoc 2% addition to LIBOR

  • In Favour of Assessee
  • Citation Number : TS-851-HC-2017(RAJ)-TP
  • Tax Payer : Vaibhav Gems Ltd (Now known as Vaibhav Global Ltd)
High Court

HC:Upholds ITAT’s comparables selection for software developer; Hewlett-Packard ruling not ‘blindly’ followed

  • In Favour of Both, Partially
  • Citation Number : TS-850-HC-2017(DEL)-TP
  • Tax Payer : ST Microelectronics Pvt Ltd
Income tax Appellate Tribunal

ITAT: Outstanding AE-receivables = ‘capital financing’, qualifies as ‘international transaction’; Distinguishes Ameriprise, Bechtel HC-rulings

  • In Favour of Both, Partially
  • Citation Number : TS-849-ITAT-2017(DEL)-TP
  • Tax Payer : BT e-Serv (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:TP-adjustment doesn't automatically indicate lack of due diligence & good faith; Deletes penalty

  • In Favour of Assessee
  • Citation Number : TS-848-ITAT-2017(DEL)-TP
  • Tax Payer : Halcrow Consulting India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Quashes assessment absent valid TPO-reference; Mentioning international transactions in reference, must

  • In Favour of Assessee
  • Citation Number : TS-847-ITAT-2017(Kol)-TP
  • Tax Payer : Dongfang Electric Corporation Kolkata Project Office
Income tax Appellate Tribunal

ITAT: Confirms turnover based cost allocation absent assessee submitting details asked by TPO

  • In Favour of Both, Partially
  • Citation Number : TS-846-ITAT-2017(Bang)-TP
  • Tax Payer : Systat Software Asia Pacific Ltd
Income tax Appellate Tribunal

ITAT: No apparent mistake in treating interest on AE-payment as non-operating income

  • In Favour of Revenue
  • Citation Number : TS-845-ITAT-2017(Bang)-TP
  • Tax Payer : Syniverse Teledata Systems Pvt Ltd