Rulings ( 11988 results )

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Income tax Appellate Tribunal

ITAT:Draft order passed with demand/penalty notice invalid absent Sec. 144C procedure compliance

  • In Favour of Assessee
  • Citation Number : TS-642-ITAT-2017(PUN)-TP
  • Tax Payer : Rehau Polymers Pvt Ltd
Income tax Appellate Tribunal

ITAT: Includes ‘Kals’, ‘Accel Transmatics’ considering segmental data availability; Distinguishes precedents

  • In Favour of Both, Partially
  • Citation Number : TS-641-ITAT-2017(Bang)-TP
  • Tax Payer : Synopsys (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables for software developer following precedents; Remits working-capital adjustment issue

  • In Favour of Assessee
  • Citation Number : TS-640-ITAT-2017(Bang)-TP
  • Tax Payer : Zynga Game Network India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Not considering Jurisdictional HC-ruling on license-fee deductibility an apparent mistake, allows miscellaneous application

  • In Favour of Assessee
  • Citation Number : TS-639-ITAT-2017(Mum)-TP
  • Tax Payer : Star India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Characterizes operational outsourcing services as low-end ITeS; Refers to Safe Harbour Rules

  • In Favour of Both, Partially
  • Citation Number : TS-638-ITAT-2017(DEL)-TP
  • Tax Payer : IHG IT Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds notional interest adjustment 10.25% on excess credit to AE

  • In Favour of Both, Partially
  • Citation Number : TS-637-ITAT-2017(Bang)-TP
  • Tax Payer : Ingersoll Rand India Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP determination of royalty for re-adjudication under TNMM, follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-636-ITAT-2017(Bang)-TP
  • Tax Payer : Toyota Kirloskar Auto Parts Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds Infosys, Tata Elxsi exclusion for software developer assessee; Follows earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-635-ITAT-2017(Bang)-TP
  • Tax Payer : Rambus Chip Technologies (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits TP-adjustment on foreign bank's branch; CIT(A) not empower to remand matter

  • In Favour of Both, Partially
  • Citation Number : TS-634-ITAT-2017(DEL)-TP
  • Tax Payer : The Bank of Tokyo Mitsubishi UFJ Ltd
Income tax Appellate Tribunal

ITAT: Partially allows assessee’s miscellaneous petition; Recalls Tribunal-order for adjudicating working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-633-ITAT-2017(Bang)-TP
  • Tax Payer : Zyme Solutions P Ltd
Income tax Appellate Tribunal

ITAT: Remits DRP’s cryptic order on comparables selection for software-developer; Keeps RPT-issue open

  • In Favour of Both, Partially
  • Citation Number : TS-632-ITAT-2017(Bang)-TP
  • Tax Payer : Novellus Systems (India) P Ltd
Income tax Appellate Tribunal

ITAT:Deletes penalty u/s 271BA considering assessee’s interpretation of Sec 92A provisions as ‘plausible view’

  • In Favour of Assessee
  • Citation Number : TS-631-ITAT-2017(Mum)-TP
  • Tax Payer : Palm Grove Beach Hotels Pvt Ltd
Supreme Court

SC: Admits Revenue’s SLP against HC-order upholding ITAT’s order on comparables selection

  • In Favour of Assessee
  • Citation Number : TS-630-SC-2017-TP
  • Tax Payer : PTC Software India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparable with huge fluctuations in bad debts write off, forward-contract balances

  • In Favour of Both, Partially
  • Citation Number : TS-629-ITAT-2017(Bang)-TP
  • Tax Payer : Capital One Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Restores corporate guarantee and ITeS TP-issues to TPO/AO, follows earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-628-ITAT-2017(COCH)-TP
  • Tax Payer : Apollo Tyres Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s appeal against cryptic CIT(A)-order on comparables; Remands matter to CIT(A)

  • In Favour of Assessee
  • Citation Number : TS-627-ITAT-2017(Bang)-TP
  • Tax Payer : 24/7 Customer.com P. Ltd
High Court

HC: Holds AO's order illegal and non-curable sans Sec.144C procedural compliance; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-626-HC-2017(GUJ)-TP
  • Tax Payer : C-Sam (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Obligates assessee to demonstrate artificial expenses allocation in manufacturing segment not self-serving exercise

  • In Favour of Assessee
  • Citation Number : TS-625-ITAT-2017(PUN)-TP
  • Tax Payer : Fresenius Kabi India Private Limited
Income tax Appellate Tribunal

ITAT:Directs aggregation of outstanding AE-receivables with main service rendition transaction; Follows earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-624-ITAT-2017(Bang)-TP
  • Tax Payer : Lotus Labs Pvt Ltd
Income tax Appellate Tribunal

ITAT: Affirms DRP’s order lifting working-capital cap considering rationale of time-value of money

  • In Favour of Assessee
  • Citation Number : TS-622-ITAT-2017(Bang)-TP
  • Tax Payer : Synchrony International Services Pvt Ltd