Rulings ( 11988 results )

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Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on delayed AE-receivables; Follows Bechtel, Kusum Healthcare HC-rulings

  • In Favour of Assessee
  • Citation Number : TS-781-ITAT-2017(DEL)-TP
  • Tax Payer : Kadimi Tool Manufacturing Co Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal against ITAT-order holding assessee's export-commission payment at ALP

  • In Favour of Assessee
  • Citation Number : TS-780-HC-2017(DEL)-TP
  • Tax Payer : Paxar India Private Limited
Income tax Appellate Tribunal

ITAT: Rejects adjustment on standalone comparable basis; TPO to seek comparable information u/s 133

  • In Favour of Both, Partially
  • Citation Number : TS-779-ITAT-2017(DEL)-TP
  • Tax Payer : Nissin Brake India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes Wipro Technologies on grounds of RPT, turnover and brand value; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-778-ITAT-2017(DEL)-TP
  • Tax Payer : Agnity India Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds assessee’s 2% interest rate on AE-loan at ALP being more than LIBOR

  • In Favour of Assessee
  • Citation Number : TS-777-ITAT-2017(VIZ)-TP
  • Tax Payer : CCL Products (India) Limited
High Court

HC: Dismisses Revenue’s appeal challenging ITAT-order on comparable selection for data processing company

  • In Favour of Assessee
  • Citation Number : TS-776-HC-2017(DEL)-TP
  • Tax Payer : OKS Span Tech Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-addition on intra-group services and redeemable preference shares; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-775-ITAT-2017(DEL)-TP
  • Tax Payer : Cairn India Ltd
Income tax Appellate Tribunal

ITAT: Rejects assessee's CUP method based on ‘proposed price’ for imports, upholds TNMM

  • In Favour of Both, Partially
  • Citation Number : TS-774-ITAT-2017(PUN)-TP
  • Tax Payer : Yazaki India Limited
Income tax Appellate Tribunal

ITAT:Upholds assessment quoting PAN of amalgamating company, rejects assessee’s non-existing company plea

  • In Favour of Revenue
  • Citation Number : TS-773-ITAT-2017(HYD)-TP
  • Tax Payer : B.A. Continuum India Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparable-selection for investment advisor; Applies LIBOR to compute interest on delayed AE-receivables

  • In Favour of Assessee
  • Citation Number : TS-772-ITAT-2017(DEL)-TP
  • Tax Payer : ChrysCapital Investment Advisors (India) Private Limited
High Court

HC: ITAT’s remand to AO unwarranted when relevant facts on TP-issue available on record

  • In Favour of Assessee
  • Citation Number : TS-771-HC-2017(DEL)-TP
  • Tax Payer : Voith Hydro Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 'FCS Software' for software developer citing functional dissimilarity, absence of segmental details

  • In Favour of Assessee
  • Citation Number : TS-770-ITAT-2017(PUN)-TP
  • Tax Payer : Barclays Technology Centre India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes ‘Infosys-BPO’, ‘Accentia’ for ITeS provider citing extraordinary financial events; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-769-ITAT-2017(PUN)-TP
  • Tax Payer : BNY Mellon International Operations (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits software services ALP-determination back to CIT(A) absent assessee’s furnishing of adequate data

  • In Favour of Revenue
  • Citation Number : TS-768-ITAT-2017(DEL)-TP
  • Tax Payer : Vedaris Technology Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects aggregation approach for intra-group services of diverse nature; Applies Knorr-Bremse ratio

  • In Favour of Both, Partially
  • Citation Number : TS-767-ITAT-2017(DEL)-TP
  • Tax Payer : Cairn India Ltd
Income tax Appellate Tribunal

ITAT:Classifies assessee as ‘manufacturer’; Rejects assessee’s 'limited risk distributor' classification

  • In Favour of Both, Partially
  • Citation Number : TS-765-ITAT-2017(Mum)-TP
  • Tax Payer : UPM-Kymmene India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Grants partial stay on demand arising from TP-adjustment in respect of royalty payment

  • In Favour of Both, Partially
  • Citation Number : TS-764-ITAT-2017(Mum)-TP
  • Tax Payer : Firmenich Aromatics (India) Private Limited
Income tax Appellate Tribunal

ITAT: Dismisses appeal considering assessee's disinterest in prosecuting appeal; Follows Multiplan ruling

  • In Favour of Revenue
  • Citation Number : TS-763-ITAT-2017(Bang)-TP
  • Tax Payer : Advice America Software Development Center Pvt Ltd
Income tax Appellate Tribunal

ITAT:Applies OECD's ‘portfolio strategy’ approach, approves taxpayer's aggregation of inter-dependent divisions

  • In Favour of Assessee
  • Citation Number : TS-762-ITAT-2017(PUN)-TP
  • Tax Payer : Tetra Pak India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Recalls ex-parte Tribunal-order considering reasonable cause for assessee’s non-appearance for hearing

  • In Favour of Assessee
  • Citation Number : TS-761-ITAT-2017(Bang)-TP
  • Tax Payer : Salesforce.com India Private Limited