Rulings ( 11988 results )

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Income tax Appellate Tribunal

ITAT: Excludes E-infochips, Acropetal for software developer; Allows working capital adjustment on actuals

  • In Favour of Both, Partially
  • Citation Number : TS-701-ITAT-2017(Bang)-TP
  • Tax Payer : Microsoft Research Lab India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs AO/TPO to follow DRP-order to exclude FBT while computing assessee’s operating-margin

  • In Favour of Assessee
  • Citation Number : TS-700-ITAT-2017(DEL)-TP
  • Tax Payer : McKinsey Knowledge Centre India Private Limited
Income tax Appellate Tribunal

ITAT:Deletes AMP-adjustment for manufacturer & marketer of alcoholic brands; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-699-ITAT-2017(Mum)-TP
  • Tax Payer : Diageo India Private Limited
Supreme Court

SC: Admits Revenue’s SLP against Bombay HC-order upholding deletion of guarantee fee adjustment

  • In Favour of Revenue
  • Citation Number : TS-698-SC-2017-TP
  • Tax Payer : Glenmark Pharmaceuticals Ltd
High Court

HC:Admits appeal on whether trade receivable constitutes international transaction u/s 92B

  • In Favour of Assessee
  • Citation Number : TS-697-HC-2017(DEL)-TP
  • Tax Payer : Target Sourcing Services India Pvt Ltd
High Court

HC: Refuses to interfere with ITAT's Forex fluctuation treatment considering 'sharp depreciation' of INR

  • In Favour of Assessee
  • Citation Number : TS-696-HC-2017(DEL)-TP
  • Tax Payer : Schneider Electric India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Sets aside TP-issue to give effect to Rs 65.58cr relief under Indo-US MAP-order

  • In Favour of Assessee
  • Citation Number : TS-695-ITAT-2017(DEL)-TP
  • Tax Payer : Convergys India Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables for ITeS-provider; Includes comparable with different FY

  • In Favour of Both, Partially
  • Citation Number : TS-694-ITAT-2017(DEL)-TP
  • Tax Payer : Baxter India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment towards difference between employee perquisite on RSUs & reimbursement to AE

  • In Favour of Both, Partially
  • Citation Number : TS-693-ITAT-2017(Bang)-TP
  • Tax Payer : Och-Ziff Real Estate India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Modifies original ITAT-order to include ‘RS Software’ & ‘Mindtree’ absent assessee’s objection

  • In Favour of Revenue
  • Citation Number : TS-692-ITAT-2017(Bang)-TP
  • Tax Payer : Arcot R & D Software Pvt Ltd
Supreme Court

SC:Admits Revenue’s appeal against Delhi-HC order quashing Sec 153A proceedings absent incriminating material

  • In Favour of Revenue
  • Citation Number : TS-691-SC-2017-TP
  • Tax Payer : Baba Global Ltd
High Court

HC:Confirms quashing on assessment making Rs. 69 Cr TP-addition on non-existent entity post amalgamation

  • In Favour of Assessee
  • Citation Number : TS-690-HC-2017(DEL)-TP
  • Tax Payer : Maruti Suzuki Ltd
Income tax Appellate Tribunal

ITAT: 90 purchases threshold for AE-constitution u/s 92A(2)(h) entity specific; Aggregation not permissible

  • In Favour of Assessee
  • Citation Number : TS-689-ITAT-2017(Mum)-TP
  • Tax Payer : Elder Exim Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds turnover based expenses allocation between trading & manufacturing activity; Excludes direct expenses

  • In Favour of Assessee
  • Citation Number : TS-688-ITAT-2017(DEL)-TP
  • Tax Payer : Silver Oak Laboratories Pvt Ltd
Supreme Court

SC:Admits Revenue’s SLP on AMP-issue in outbound travel business segment

  • In Favour of Revenue
  • Citation Number : TS-687-SC-2017-TP
  • Tax Payer : Le Passage To India Tour & Travels P Ltd
Income tax Appellate Tribunal

ITAT: Explains Sony ruling; AMP & distribution separate transactions despite aggregation for benchmarking

  • In Favour of Both, Partially
  • Citation Number : TS-686-ITAT-2017(DEL)-TP
  • Tax Payer : Toshiba India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 5 comparables relying on ITAT-decision in resulting company's case post demerger

  • In Favour of Assessee
  • Citation Number : TS-685-ITAT-2017(Mum)-TP
  • Tax Payer : Hinduja Ventures Limited
High Court

HC: Quashes ITAT-order restoring AMP-issue to AO/TPO; Directs ITAT to decide issue itself

  • In Favour of Assessee
  • Citation Number : TS-684-HC-2017(DEL)-TP
  • Tax Payer : Haier Appliances (India) P Ltd
Income tax Appellate Tribunal

ITAT: AO to verify whether assessee's PLI exceeds APA agreed PLI for rollback year

  • In Favour of Revenue
  • Citation Number : TS-683-ITAT-2017(Kol)-TP
  • Tax Payer : DIC Fine Chemicals Pvt Ltd
Income tax Appellate Tribunal

ITAT: Confirms KPO companies’ exclusion for ITeS-provider; Allows working-capital adjustment basis credit period

  • In Favour of Both, Partially
  • Citation Number : TS-682-ITAT-2017(HYD)-TP
  • Tax Payer : Infor (India) Private Limited