Rulings ( 11988 results )

Filters
Income tax Appellate Tribunal

ITAT: Directs CIT(A) to apply proper RPT filter/upper turnover filter; Remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-740-ITAT-2017(Bang)-TP
  • Tax Payer : Tesco Hindustan Service Centre Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses cross appeals considering resolution of issues under MAP

  • In Favour of Both, Partially
  • Citation Number : TS-739-ITAT-2017(DEL)-TP
  • Tax Payer : GKN Driveline (India) Ltd
Income tax Appellate Tribunal

ITAT: Restores entire TP-issue w.r.t. application of filters for comparables selection to CIT(A)

  • In Favour of Assessee
  • Citation Number : TS-738-ITAT-2017(Bang)-TP
  • Tax Payer : Texas Instruments (India) Pvt Ltd
High Court

HC: Similar terminologies in comparables' annual report don't make functions similar; Sets aside ITAT-order

  • In Favour of Assessee
  • Citation Number : TS-737-HC-2017(DEL)-TP
  • Tax Payer : Avenue Asia Advisors Pvt Limited
Income tax Appellate Tribunal

ITAT: Directs TPO to consider assessee's claim of non-charging interest to unrelated parties

  • In Favour of Both, Partially
  • Citation Number : TS-736-ITAT-2017(DEL)-TP
  • Tax Payer : AT & T Global Network Services (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Sets aside ambiguous DRP order noting manifest contradictions; Remits for fresh consideration

  • In Favour of Assessee
  • Citation Number : TS-735-ITAT-2017(Bang)-TP
  • Tax Payer : Alten Calsoft Labs (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Restores DRP’s cryptic order on TP-issues; Directs application of Chryscapital ratio for comparables

  • In Favour of Assessee
  • Citation Number : TS-734-ITAT-2017(Bang)-TP
  • Tax Payer : Symphony Marketing Solutions India P Ltd
High Court

HC: Sets aside AO’s assessment-order passed beyond time limit specified in Sec.153(2A)

  • In Favour of Assessee
  • Citation Number : TS-1149-HC-2017(DEL)-TP
  • Tax Payer : Nokia India Private Limited
High Court

HC: Upholds exclusion of Tata Elxsi & E-Infochips as comparables in software development segment

  • In Favour of Assessee
  • Citation Number : TS-733-HC-2017(DEL)-TP
  • Tax Payer : Steria India Ltd
Income tax Appellate Tribunal

ITAT: Permits assessee's withdrawal of grounds resolved under India-USA MAP absent Revenue's objection

  • In Favour of Assessee
  • Citation Number : TS-732-ITAT-2017(Bang)-TP
  • Tax Payer : Quintiles Research (India) P Ltd
Income tax Appellate Tribunal

ITAT: Rejects mere reliance on judicial precedents for comparables selection in software-development segment

  • In Favour of Both, Partially
  • Citation Number : TS-1104-ITAT-2016(DEL)-TP
  • Tax Payer : Steria India Ltd
Income tax Appellate Tribunal

ITAT: Excludes Govt-company while benchmarking technical-support services; Rules on scope of DRP’s powers

  • In Favour of Both, Partially
  • Citation Number : TS-731-ITAT-2017(DEL)-TP
  • Tax Payer : Granite Services International P Ltd
High Court

HC: Upholds ITAT’s exclusion of functionally dissimilar Celestial Labs after giving cogent reasons

  • In Favour of Assessee
  • Citation Number : TS-730-HC-2017(DEL)-TP
  • Tax Payer : Tevapharm India Pvt Ltd
High Court

HC: Miscellaneous Application before ITAT not ‘alternate remedy’ to HC-appeal; Refuses delay condonation

  • In Favour of Revenue
  • Citation Number : TS-729-HC-2017(DEL)-TP
  • Tax Payer : Agnity Technologies pvt ltd
Income tax Appellate Tribunal

ITAT: Restores ALP-determination of intra-group services received by assessee; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-728-ITAT-2017(DEL)-TP
  • Tax Payer : AT & T Global Network Services (India) Pvt Ltd
High Court

HC: Sets aside ITAT's remand; Selection of comparables unconnected with expense allocation issue

  • In Favour of Assessee
  • Citation Number : TS-725-HC-2017(DEL)-TP
  • Tax Payer : Corning SAS-India Branch Office
Income tax Appellate Tribunal

ITAT:Rejects TPO’s CUP-method for intra-group services; Data availability ‘lifeline’ of method adopted

  • In Favour of Both, Partially
  • Citation Number : TS-724-ITAT-2017(DEL)-TP
  • Tax Payer : AT & T Global Network Services (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects TPO's allocation of direct costs on turnover basis; Follows 3D-Network ruling

  • In Favour of Both, Partially
  • Citation Number : TS-723-ITAT-2017(Bang)-TP
  • Tax Payer : Allegis Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: AE’s transaction with European third-parties not CUP considering different market conditions

  • In Favour of Revenue
  • Citation Number : TS-722-ITAT-2017(DEL)-TP
  • Tax Payer : Ecocat India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Raps Revenue for filing frivolous miscellaneous petition leading to wastage of Tribunal’s time

  • In Favour of Assessee
  • Citation Number : TS-721-ITAT-2017(Bang)-TP
  • Tax Payer : Swiss' Re Shared Services (India) Pvt Ltd