Rulings ( 11988 results )

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Income tax Appellate Tribunal

ITAT:Assessment order passed post HC-order falls u/s 153(6) ambit; Rejects assessee’s limitation plea

  • In Favour of Revenue
  • Citation Number : TS-824-ITAT-2017(Mum)-TP
  • Tax Payer : Essar Power Limited
High Court

HC:Dismisses writ, cannot examine DRP's refusal to restrict TP-adjustment sans facts

  • In Favour of Revenue
  • Citation Number : TS-823-HC-2017(MAD)-TP
  • Tax Payer : Hyundai Motor India Limited
Income tax Appellate Tribunal

ITAT: TP-provisions applicable to insurance business; No role for Sec 44 in TP computation u/s 92

  • In Favour of Both, Partially
  • Citation Number : TS-822-ITAT-2017(DEL)-TP
  • Tax Payer : Max New York Life Insurance Company Ltd
High Court

HC:Dismisses assessee’s appeal against ITAT-order remitting comparables selection

  • In Favour of Revenue
  • Citation Number : TS-821-HC-2017(DEL)-TP
  • Tax Payer : Validor Capital India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Recalls Tribunal-order to adjudicate issues relating to operating margin computation

  • In Favour of Assessee
  • Citation Number : TS-820-ITAT-2017(Bang)-TP
  • Tax Payer : Logix Microsystems Ltd
Income tax Appellate Tribunal

ITAT: Upholds RPM over TNMM for benchmarking distribution activity; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-819-ITAT-2017(PUN)-TP
  • Tax Payer : Fresenius Kabi India Private Limited
Income tax Appellate Tribunal

ITAT:Rules on comparable selection for assessee engaged in trading, providing marketing-support services

  • In Favour of Assessee
  • Citation Number : TS-818-ITAT-2017(Mum)-TP
  • Tax Payer : RHI India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar comparables for investment-advisor; Remits interest adjustment on outstanding AE-receivables

  • In Favour of Both, Partially
  • Citation Number : TS-817-ITAT-2017(DEL)-TP
  • Tax Payer : DE Shaw India Advisory Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: 15% RPT-filter reasonable absent difficulty in searching for comparables; 25%-filter applicable exceptionally

  • In Favour of Both, Partially
  • Citation Number : TS-816-ITAT-2017(Bang)-TP
  • Tax Payer : ABB Global Industries & Services Limited
Income tax Appellate Tribunal

ITAT: Rejects inclusion of 2 functionally dissimilar comparables for marketing support services provider

  • In Favour of Both, Partially
  • Citation Number : TS-815-ITAT-2017(Bang)-TP
  • Tax Payer : NI Systems (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on corporate guarantee, share application money & mobilazation advance from AE

  • In Favour of Both, Partially
  • Citation Number : TS-814-ITAT-2017(HYD)-TP
  • Tax Payer : Bartronics India Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment in IT, ITeS segments considering DRP’s selective adjudication of assessee’s objections

  • In Favour of Both, Partially
  • Citation Number : TS-813-ITAT-2017(Bang)-TP
  • Tax Payer : Arctern Consulting Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits TP-issue to consider only segmental results in engineering segment for benchmarking

  • In Favour of Assessee
  • Citation Number : TS-812-ITAT-2017(Mum)-TP
  • Tax Payer : Valmet Automation India Private Limited
Income tax Appellate Tribunal

ITAT:Rejects assessee’s claim of vested right of stay adjournment till appeal hearing

  • In Favour of Both, Partially
  • Citation Number : TS-811-ITAT-2017(Bang)-TP
  • Tax Payer : Puma Sports India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits entire TP-issue considering DRP’s cryptic, non-speaking order

  • In Favour of Both, Partially
  • Citation Number : TS-810-ITAT-2017(Bang)-TP
  • Tax Payer : Thomson Reuters International Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-addition following rule of consistency, rejects functionally different comparables

  • In Favour of Assessee
  • Citation Number : TS-809-ITAT-2017(Mum)-TP
  • Tax Payer : Samsonite South Asia Pvt Ltd
Income tax Appellate Tribunal

ITAT: Sets aside cryptic DRP order; Restores comparable issue for fresh consideration

  • In Favour of Assessee
  • Citation Number : TS-807-ITAT-2017(Bang)-TP
  • Tax Payer : TE Connectivity Global Shared Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Reverses CIT(A) order; Applies 5% interest as ALP for inter-company receivable

  • In Favour of Revenue
  • Citation Number : TS-806-ITAT-2017(Bang)-TP
  • Tax Payer : Izmo Limited
Income tax Appellate Tribunal

ITAT:Upholds TPO’s wide ranging employee-cost filter of 25-65; Distinguishes Mentor-Graphics

  • In Favour of Both, Partially
  • Citation Number : TS-805-ITAT-2017(Bang)-TP
  • Tax Payer : Unisys India Private Limited
Income tax Appellate Tribunal

ITAT: Directs adoption of TNMM; Follows earlier ITAT order in assessee's own case

  • In Favour of Assessee
  • Citation Number : TS-803-ITAT-2017(Bang)-TP
  • Tax Payer : GE BE P Ltd