Rulings ( 11988 results )

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Income tax Appellate Tribunal

ITAT:Dismisses Revenue's appeal; Upholds TNMM over PSM for benchmarking support services

  • In Favour of Both, Partially
  • Citation Number : TS-720-ITAT-2017(DEL)-TP
  • Tax Payer : Target Sourcing Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Grants partial demand stay on TP-adjustment relating to selling expenses exclusion for AMP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-719-ITAT-2017(Bang)-TP
  • Tax Payer : Stanley Black & Decker India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 5 companies as comparable for BPO service provider following earlier year ruling

  • In Favour of Assessee
  • Citation Number : TS-718-ITAT-2017(HYD)-TP
  • Tax Payer : Monster.com
Income tax Appellate Tribunal

ITAT: Forex expenditure irrelevant for comparable exclusion when incurred exclusively for relevant segment

  • In Favour of Both, Partially
  • Citation Number : TS-717-ITAT-2017(Bang)-TP
  • Tax Payer : Arctern Consulting (P) Ltd
Income tax Appellate Tribunal

ITAT: Rejects assessee’s attempt to cherry pick comparables year-on-year according to margin suitability

  • In Favour of Both, Partially
  • Citation Number : TS-716-ITAT-2017(DEL)-TP
  • Tax Payer : Cadence Design Systems (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows pharma company's remand request, AO not CIT(A) to adjudicate issues afresh

  • In Favour of Assessee
  • Citation Number : TS-715-ITAT-2017(Ahd)-TP
  • Tax Payer : Cadila Pharmaceuticals Ltd
Income tax Appellate Tribunal

ITAT: Allows Flowserve's appeal considering resolution of TP-issues under MAP

  • In Favour of Assessee
  • Citation Number : TS-714-ITAT-2017(Bang)-TP
  • Tax Payer : Flowserve India Controls P Ltd
Income tax Appellate Tribunal

ITAT:Dismisses appeal for non-prosecution considering assessee’s disinterest in pursuing appeal

  • In Favour of Revenue
  • Citation Number : TS-713-ITAT-2017(Bang)-TP
  • Tax Payer : Indeca Sporting Goods Pvt Ltd
Income tax Appellate Tribunal

ITAT:Allows Revenue's appeal; CIT(A) to adjudicate TP-issue without remand back to AO/TPO

  • In Favour of Assessee
  • Citation Number : TS-712-ITAT-2017(Bang)-TP
  • Tax Payer : Wipro GE HealthCare Ltd
Income tax Appellate Tribunal

ITAT: Accepts assessee's segregated benchmarking; Bundled approach neither automatic nor mandate of law

  • In Favour of Assessee
  • Citation Number : TS-711-ITAT-2017(Kol)-TP
  • Tax Payer : Landis + Gyr Ltd
Income tax Appellate Tribunal

ITAT:Recalls ITAT-order for adjudicating working capital adjustment; Rejects plea for comparable inclusion

  • In Favour of Both, Partially
  • Citation Number : TS-710-ITAT-2017(Bang)-TP
  • Tax Payer : Obopay Mobile Technology India P Ltd
Income tax Appellate Tribunal

ITAT: No mistake in Tribunal order applying Sec 92C(2) second proviso to AY 2007-08 assessment

  • In Favour of Revenue
  • Citation Number : TS-709-ITAT-2017(Bang)-TP
  • Tax Payer : Insilica Semiconductors India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rectification application can’t stand in way of consequential order in set-aside proceedings

  • In Favour of Assessee
  • Citation Number : TS-708-ITAT-2017(Bang)-TP
  • Tax Payer : AstraZeneca Pharma India Ltd
Supreme Court

SC: Allows Revenue to withdraw SLP against Bom HC-orders on comparable issue

  • In Favour of Revenue
  • Citation Number : TS-707-SC-2017-TP
  • Tax Payer : PTC Software India Pvt Ltd
High Court

HC: Passing draft order u/s144C(1) mandatory even for remand cases; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-706-HC-2017(DEL)-TP
  • Tax Payer : JCB India Ltd
Income tax Appellate Tribunal

ITAT:Remits capacity adjustment for assessee in first-year of operation; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-705-ITAT-2017(DEL)-TP
  • Tax Payer : Hitachi High-Technologies (Singapore) Pte Ltd-India BO
Income tax Appellate Tribunal

ITAT:Mere loss not ground for excluding functionally similar companies; Excludes 2 comparables

  • In Favour of Both, Partially
  • Citation Number : TS-1103-ITAT-2016(DEL)-TP
  • Tax Payer : Sojitz India Pvt Ltd
High Court

HC:Dismisses Revenue's appeal; Casually urged ground of perversity without proper pleading, untenable

  • In Favour of Assessee
  • Citation Number : TS-704-HC-2017(DEL)-TP
  • Tax Payer : Sojitz India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment following Cryscapital ruling; Notes comparable exclusion based on size, turnover

  • In Favour of Both, Partially
  • Citation Number : TS-703-ITAT-2017(Bang)-TP
  • Tax Payer : ARM Embedded Technologies P Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparable selection for software development, marketing support services; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-702-ITAT-2017(Bang)-TP
  • Tax Payer : AMD India Pvt Ltd