Rulings ( 11988 results )

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Income tax Appellate Tribunal

ITAT: Includes E-Zest as comparable for software developer; Distinguishes precedents pertaining to different-AY

  • In Favour of Both, Partially
  • Citation Number : TS-681-ITAT-2017(HYD)-TP
  • Tax Payer : Conexant Systems Private Limited
Income tax Appellate Tribunal

ITAT: Restores application of RPT, turnover and high-profit filters to CIT(A); Follows Chryscapital ratio

  • In Favour of Both, Partially
  • Citation Number : TS-680-ITAT-2017(Bang)-TP
  • Tax Payer : AT & T Global Business Bangalore Services India (P) Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment towards 5 mark-up on travel/visa processing charges reimbursement

  • In Favour of Both, Partially
  • Citation Number : TS-679-ITAT-2017(HYD)-TP
  • Tax Payer : Avineon India P Ltd
Income tax Appellate Tribunal

ITAT:Restores entire TP-issue for fresh consideration, directs application of Chryscapital HC ratio

  • In Favour of Both, Partially
  • Citation Number : TS-678-ITAT-2017(Bang)-TP
  • Tax Payer : Synopsys India Pvt Ltd
High Court

HC:Confirms ITAT order deleting concealment penalty u/s 271(1)(c); Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-677-HC-2017(DEL)-TP
  • Tax Payer : GAP International Sourcing (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows appeal against TP-adjustment for ITeS provider, follows earlier year order

  • In Favour of Assessee
  • Citation Number : TS-676-ITAT-2017(Mum)-TP
  • Tax Payer : Hapag-Llyod Global Services Private Limited
Income tax Appellate Tribunal

ITAT: Characterizes assessee as EPC-contractor, rejects assessee's segregated benchmarking for equipment supply & services

  • In Favour of Assessee
  • Citation Number : TS-675-ITAT-2017(DEL)-TP
  • Tax Payer : RTA Alesa AG
Income tax Appellate Tribunal

ITAT:Quashes revision u/s 263; November Return not belated as AE-reimbursement is international transaction

  • In Favour of Assessee
  • Citation Number : TS-674-ITAT-2017(Kol)-TP
  • Tax Payer : Bangla Entertainment Private Limited
Income tax Appellate Tribunal

ITAT: Rejects switch to TNMM, following earlier ITAT-orders; Considers direct marketing comparables only

  • In Favour of Both, Partially
  • Citation Number : TS-673-ITAT-2017(DEL)-TP
  • Tax Payer : Oriflame India Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal, on delay & merits, against ITAT’s comparables exclusion for ITeS-provider

  • In Favour of Assessee
  • Citation Number : TS-672-HC-2017(DEL)-TP
  • Tax Payer : New River Software Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Mere judicial precedent not enough for comparable exclusion, matching functional profile necessary

  • In Favour of Both, Partially
  • Citation Number : TS-671-ITAT-2017(DEL)-TP
  • Tax Payer : Aircom International (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes Sec 271G-penalty, information submission during assessment shows compliance with Sec 92D(3) requirements

  • In Favour of Both, Partially
  • Citation Number : TS-670-ITAT-2017(HYD)-TP
  • Tax Payer : Karvy Computershare Pvt Ltd
High Court

HC: Upholds ITAT’s refusal to adopt earlier year’s comparables without proper analysis

  • In Favour of Assessee
  • Citation Number : TS-669-HC-2017(DEL)-TP
  • Tax Payer : Interra Infotech (India) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Admits additional ground on tested-party selection despite complete details not on record

  • In Favour of Assessee
  • Citation Number : TS-668-ITAT-2017(Mum)-TP
  • Tax Payer : Nivea India Private Ltd
Foreign Court

FC: Canadian Federal Court rejects Revenue's oral-interview request of company personnel during TP-audit

  • In Favour of Assessee
  • Citation Number : TS-1144-FC-2017(CAN)-TP
  • Tax Payer : Cameco Corporation
Income tax Appellate Tribunal

ITAT: DRP empowered to make TP-adjustment not proposed by AO/TPO; Sec 263 remedy unnecessary

  • In Favour of Both, Partially
  • Citation Number : TS-667-ITAT-2017(DEL)-TP
  • Tax Payer : Bausch & Lomb India Pvt Ltd
High Court

HC:Sets aside pre-Circular 3/2016 TPO-reference; Hearing opportunity, speaking order on jurisdiction fact, must

  • In Favour of Both, Partially
  • Citation Number : TS-666-HC-2017(CAL)-TP
  • Tax Payer : PCM Strescon Overseas Ventures Ltd
Income tax Appellate Tribunal

ITAT: Adjudication of TP-issues not necessary in view of resolution under MAP

  • In Favour of Assessee
  • Citation Number : TS-665-ITAT-2017(Bang)-TP
  • Tax Payer : Flowserve India Controls P Ltd
Income tax Appellate Tribunal

ITAT:Restores addition regarding AE credit notes for fresh consideration

  • In Favour of Assessee
  • Citation Number : TS-664-ITAT-2017(Mum)-TP
  • Tax Payer : Reach Network India Private Ltd
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s cross-objections on issues not forming part of CIT(A)-order

  • In Favour of Both, Partially
  • Citation Number : TS-663-ITAT-2017(Bang)-TP
  • Tax Payer : Oracle Solutions Services (India) Pvt Ltd