Rulings ( 11988 results )

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Income tax Appellate Tribunal

ITAT: Adopts asset purchase ALP based on penultimate acquisition transaction value over WDV

  • In Favour of Both, Partially
  • Citation Number : TS-621-ITAT-2017(CHNY)-TP
  • Tax Payer : Interpump Hydraulics Pvt Ltd
Supreme Court

SC:Admits Revenue’s SLP against HC-order upholding Infosys-BPO & Eclerx exclusion for KPO-assessee

  • In Favour of Revenue
  • Citation Number : TS-619-SC-2017-TP
  • Tax Payer : Actis Global Services Pvt Ltd
Income tax Appellate Tribunal

ITAT:Confirms AMP-adjustment deletion but upholds TP-adjustment for marketing support services; Follows earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-618-ITAT-2017(DEL)-TP
  • Tax Payer : Pernod Ricard India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Admits additional ground seeking 4 comparables exclusion for functional dissimilarity; Remits issue

  • In Favour of Assessee
  • Citation Number : TS-617-ITAT-2017(Bang)-TP
  • Tax Payer : Fortinet Innovation Centre India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Adopts CUP for networking services considering AE’s receipt of similar services earlier

  • In Favour of Revenue
  • Citation Number : TS-616-ITAT-2017(Bang)-TP
  • Tax Payer : Cable & Wireless Networks India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses appeal absent representation from assessee; Refuses to decide case on merits

  • In Favour of Revenue
  • Citation Number : TS-615-ITAT-2017(Bang)-TP
  • Tax Payer : MModal Global Services Private Limited
Income tax Appellate Tribunal

ITAT: Directs 25% RPT-filter application to include more functionally similar comparables; Follows SunGard ruling

  • In Favour of Assessee
  • Citation Number : TS-614-ITAT-2017(Bang)-TP
  • Tax Payer : ACI Worldwide Solutions P Ltd
High Court

HC: Dismisses Revenue’s appeal on AMP-issue, follows co-ordinate bench order which allowed assessee's appeal

  • In Favour of Assessee
  • Citation Number : TS-613-HC-2017(DEL)-TP
  • Tax Payer : Valvoline Cummins Ltd
High Court

HC: Upholds ITAT’s comparables selection in software development / ITeS segments, follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-612-HC-2017(DEL)-TP
  • Tax Payer : Avaya India Pvt Ltd
Foreign Court

FC: US Tax Court holds cancellation of APAs by IRS as abuse of discretion

  • In Favour of Assessee
  • Citation Number : TS-1142-FC-2017(USA)-TP
  • Tax Payer : Eaton Corporation & Subsidiaries
Supreme Court

SC:Admits Revenue’s SLP against HC-order upholding ITAT’s stay extension grant beyond 365-days

  • In Favour of Revenue
  • Citation Number : TS-611-SC-2017-TP
  • Tax Payer : Carrier Air Conditioning and Refrigeration Ltd
High Court

HC: ITAT’s remand on AMP issue without existence of international transaction not justified

  • In Favour of Assessee
  • Citation Number : TS-610-HC-2017(DEL)-TP
  • Tax Payer : Valvoline Cummins Private Ltd
Income tax Appellate Tribunal

ITAT:Quashes revision u/s 263; Corporate guarantee not international transaction pre-2012 amendment, follows Siro-Clinpharm

  • In Favour of Assessee
  • Citation Number : TS-609-ITAT-2017(Kol)-TP
  • Tax Payer : EIH Ltd
High Court

HC:Dismisses Revenue’s appeal; Upholds interest income exclusion for computing TP-adjustment following precedent

  • In Favour of Assessee
  • Citation Number : TS-608-HC-2017(BOM)-TP
  • Tax Payer : Credit Lyonnais
Income tax Appellate Tribunal

ITAT: Determines corporate-guarantee fee ALP at 0.5%, follows Videocon Industries ruling

  • In Favour of Both, Partially
  • Citation Number : TS-607-ITAT-2017(Mum)-TP
  • Tax Payer : Mahindra Intertrade Ltd
High Court

HC:Directs ITAT to decide TP-issues without remanding matter for de-novo adjudication

  • In Favour of Assessee
  • Citation Number : TS-606-HC-2017(DEL)-TP
  • Tax Payer : Bechtel India Private Limited
High Court

HC:Modifies order; Frames 4 questions on penalty appeal replacing questions on quantum appeal

  • In Favour of Both, Partially
  • Citation Number : TS-605-HC-2017(BOM)-TP
  • Tax Payer : Deloitte Consulting India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Admits assessee's additional evidence considering change in management; Remands matter

  • In Favour of Assessee
  • Citation Number : TS-604-ITAT-2017(Bang)-TP
  • Tax Payer : Conergy Energy Systems Private Limited
High Court

HC: Allows assessee’s writ; Sets aside AO’s final-assessment passed without draft order

  • In Favour of Assessee
  • Citation Number : TS-603-HC-2017(DEL)-TP
  • Tax Payer : Control Risks India Pvt Ltd
Supreme Court

SC:Admits SLP against Sogo-Shosha company's TP-adjustment deletion; Tags with Li & Fung

  • In Favour of Revenue
  • Citation Number : TS-602-SC-2017-TP
  • Tax Payer : Mitsui and India Pvt Ltd