Rulings ( 11988 results )

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Income tax Appellate Tribunal

ITAT: 25% RPT-filter applicable where less than 6 comparables selected, follows ‘ACI Worldwide’ ruling

  • In Favour of Both, Partially
  • Citation Number : TS-662-ITAT-2017(Bang)-TP
  • Tax Payer : Radisys India P. Ltd
Income tax Appellate Tribunal

ITAT: TPO cannot switch from RPM to TNMM, comparability indispensable even under TNMM

  • In Favour of Both, Partially
  • Citation Number : TS-661-ITAT-2017(DEL)-TP
  • Tax Payer : Akzo Nobel Car Refinishes India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Restores ALP computation noting difference in turnover reported in additional ground & TP-study

  • In Favour of Assessee
  • Citation Number : TS-660-ITAT-2017(HYD)-TP
  • Tax Payer : Gameloft Software Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables for software development, sales/marketing support segments; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-659-ITAT-2017(Bang)-TP
  • Tax Payer : Electronic Imaging India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes interest addition on compulsorily convertible debentures; Follows earlier year order

  • In Favour of Assessee
  • Citation Number : TS-658-ITAT-2017(DEL)-TP
  • Tax Payer : Brahma Center Development Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants conditional stay; Directs payment of 25% outstanding demand in two installments

  • In Favour of Assessee
  • Citation Number : TS-657-ITAT-2017(Bang)-TP
  • Tax Payer : Himalaya Drug Company
Income tax Appellate Tribunal

ITAT: Appeal disposal delay not attributable to assessee; Extends stay beyond 365 days

  • In Favour of Assessee
  • Citation Number : TS-656-ITAT-2017(Bang)-TP
  • Tax Payer : The Himalaya Drug Company
Income tax Appellate Tribunal

ITAT: Allows assessee's appeal against adjustment on AE-receivable applying Kusum Health Care ratio

  • In Favour of Both, Partially
  • Citation Number : TS-655-ITAT-2017(DEL)-TP
  • Tax Payer : Teradata India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Assessee to justify different margin on non-US transaction considering 24 margin under US-MAP

  • In Favour of Both, Partially
  • Citation Number : TS-654-ITAT-2017(Bang)-TP
  • Tax Payer : Global e-Business Operations Pvt Ltd
Income tax Appellate Tribunal

ITAT:Dismisses assessee’s stay petition as ‘not pressed’ considering upcoming appeal hearing

  • In Favour of Assessee
  • Citation Number : TS-653-ITAT-2017(Bang)-TP
  • Tax Payer : Geodesic Yongnam Structurals Pvt Ltd
Income tax Appellate Tribunal

ITAT:Excludes Infosys, Tata Elxsi and Persistent Systems while benchmarking assessee’s software-development services

  • In Favour of Both, Partially
  • Citation Number : TS-652-ITAT-2017(Bang)-TP
  • Tax Payer : NMS Communications Pvt Ltd
Income tax Appellate Tribunal

ITAT:Forex gains on AE-receivable operating income; Refuses reliance on Safe Harbour Rules definition

  • In Favour of Both, Partially
  • Citation Number : TS-651-ITAT-2017(DEL)-TP
  • Tax Payer : Virginia Transformer India P Ltd
Income tax Appellate Tribunal

ITAT:Rejects enhancement of assessee's cost base considering FOB value of goods sourced

  • In Favour of Both, Partially
  • Citation Number : TS-650-ITAT-2017(DEL)-TP
  • Tax Payer : Itochu India (P) Ltd
Income tax Appellate Tribunal

ITAT: Upholds TNMM; Applying different methods for inter-connected import & export transactions inappropriate

  • In Favour of Assessee
  • Citation Number : TS-649-ITAT-2017(DEL)-TP
  • Tax Payer : Gates India (P) Ltd
Income tax Appellate Tribunal

ITAT: Excludes FCS Software failing 50% IT-service income filter; Distinguishes Navisite ruling

  • In Favour of Assessee
  • Citation Number : TS-648-ITAT-2017(PUN)-TP
  • Tax Payer : Exfo Electro Optical Engg India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-determination for Nike’s cost sharing arrangement for cricket sponsorship; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-647-ITAT-2017(Bang)-TP
  • Tax Payer : Nike India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Retains 2 comparables satisfying 75% export-revenue filter; Excludes 2 functionally dissimilar comparables

  • In Favour of Assessee
  • Citation Number : TS-646-ITAT-2017(PUN)-TP
  • Tax Payer : Synechron Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remands ‘TCS e-serve'; Assessee to demonstrate applicability of earlier-year grounds for exclusion

  • In Favour of Both, Partially
  • Citation Number : TS-645-ITAT-2017(Bang)-TP
  • Tax Payer : Indegene Pvt Ltd
Income tax Appellate Tribunal

ITAT:Non-availing entire gamut of AE-services cannot be basis for rejecting TP-study

  • In Favour of Assessee
  • Citation Number : TS-644-ITAT-2017(Mum)-TP
  • Tax Payer : Dimension Data India Private Limited
High Court

HC: AO cannot make disallowance in final order beyond draft order variations/ DRP-enhancement

  • In Favour of Assessee
  • Citation Number : TS-643-HC-2017(MAD)-TP
  • Tax Payer : Sanmina SCI India Pvt Ltd