Rulings ( 11988 results )

Filters
Income tax Appellate Tribunal

ITAT: Adopts 25% RPT-filter over 15%; 25% filter has backing of Sec. 40A(2)(b) & Sec. 92A(2)(a)

  • In Favour of Both, Partially
  • Citation Number : TS-601-ITAT-2017(Bang)-TP
  • Tax Payer : Biesse Manufacturing Company Private Limited
Income tax Appellate Tribunal

ITAT:Quashes assessment framed in non-existent amalgamating company’s name; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-600-ITAT-2017(DEL)-TP
  • Tax Payer : Maruti Suzuki India Ltd
Supreme Court

SC: Dismisses Revenue’s SLP; HC upheld concealment penalty deletion on intra-group services TP-addition

  • In Favour of Assessee
  • Citation Number : TS-599-SC-2017-TP
  • Tax Payer : Mitsui Prime Advanced Composites India Pvt Ltd
Supreme Court

SC: Admits Revenue’s SLP against Bom HC-decision excluding comparable with different FY

  • In Favour of Revenue
  • Citation Number : TS-598-SC-2017-TP
  • Tax Payer : PTC Software India Pvt Ltd
High Court

HC:Reverses ITAT-order remitting ALP-determination for imports considering ITAT’s erroneous understanding of CIT(A)-order

  • In Favour of Assessee
  • Citation Number : TS-597-HC-2017(DEL)-TP
  • Tax Payer : RayBan Sun Optics India Ltd
Income tax Appellate Tribunal

ITAT: Sun Pharma survives 'brutal tax evasion' charge on IPR transfer, escapes PSM

  • In Favour of Assessee
  • Citation Number : TS-596-ITAT-2017(Ahd)-TP
  • Tax Payer : Sun Pharmaceutical Industries Ltd
High Court

HC: Rejects Revenue’s plea against ITAT’s comparable remand; Upholds LIBOR+2% as interest benchmark

  • In Favour of Assessee
  • Citation Number : TS-595-HC-2017(BOM)-TP
  • Tax Payer : VFS Global Services Pvt Ltd
High Court

HC: Modifies ITAT-order granting partial stay; Reduces part payment from 50% to 30%

  • In Favour of Assessee
  • Citation Number : TS-594-HC-2017(KAR)-TP
  • Tax Payer : Google India Pvt Ltd
Supreme Court

SC:Dismisses Revenue’s SLP citing delay; HC allowed taxpayer's cross-examination plea for comparability

  • In Favour of Assessee
  • Citation Number : TS-593-SC-2017-TP
  • Tax Payer : Cashedge India Private Limited
Income tax Appellate Tribunal

ITAT: Includes 2 functionally similar comparables for software-developer; Rejects ad-hoc 1 risk adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-592-ITAT-2017(Bang)-TP
  • Tax Payer : Marvell India Pvt Ltd
Supreme Court

SC: Dismisses Revenue’s SLP against HC-order confirming TP-adjustment deletion on interest on AE-receivable

  • In Favour of Assessee
  • Citation Number : TS-591-SC-2017-TP
  • Tax Payer : Bechtel India Pvt Ltd
High Court

HC:Upholds TP-adjustment deletion allowing aggregation of intra-group services under TNMM; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-590-HC-2017(DEL)-TP
  • Tax Payer : Avery Dennison (India) Pvt Ltd
High Court

HC:Upholds TP-adjustment deletion allowing aggregation of intra-group services under TNMM; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-589-HC-2017(DEL)-TP
  • Tax Payer : Avery Dennison (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Refuses to entertain assessee’s contention regarding working capital computation, not pleaded before

  • In Favour of Assessee
  • Citation Number : TS-588-ITAT-2017(Bang)-TP
  • Tax Payer : Flextronics Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-determination for contract manufacturing segment; Remands comparables selection for software segment

  • In Favour of Both, Partially
  • Citation Number : TS-587-ITAT-2017(Bang)-TP
  • Tax Payer : GE Medicals Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits AMP-adjustment in second round absent evidence for determining international transaction existence

  • In Favour of Both, Partially
  • Citation Number : TS-586-ITAT-2017(DEL)-TP
  • Tax Payer : Casio India Company Pvt Ltd
High Court

HC: Upholds exclusion of 6 functionally dissimilar comparables in contract software development segment

  • In Favour of Assessee
  • Citation Number : TS-585-HC-2017(DEL)-TP
  • Tax Payer : ALcatel Lucent India Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-issue for fresh adjudication for assessee providing software design/ development services

  • In Favour of Both, Partially
  • Citation Number : TS-584-ITAT-2017(Bang)-TP
  • Tax Payer : iPass India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Assessee's ITeS technical in nature, not BPO; Considers Eclerx Services as comparable

  • In Favour of Both, Partially
  • Citation Number : TS-583-ITAT-2017(Bang)-TP
  • Tax Payer : AOL Online India P Ltd
Income tax Appellate Tribunal

ITAT: Restores DRP’s cryptic and stereotype order for fresh adjudication of TP-issue

  • In Favour of Assessee
  • Citation Number : TS-582-ITAT-2017(Bang)-TP
  • Tax Payer : Symphony Marketing Solutions India P Ltd