Rulings ( 11988 results )

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Income tax Appellate Tribunal

ITAT: Applies LIBOR+200pts on outstanding AE-advances; Deletes corporate guarantee TP-adjustment, Sec 92B amendment prospective

  • In Favour of Both, Partially
  • Citation Number : TS-498-ITAT-2017(HYD)-TP
  • Tax Payer : Vivimed Labs Ltd
Income tax Appellate Tribunal

ITAT: Excludes Thinksoft and FCS Software for benchmarking software-development services absent assessee’s objection

  • In Favour of Both, Partially
  • Citation Number : TS-497-ITAT-2017(Bang)-TP
  • Tax Payer : Yodlee Infotech P Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Toyota Kirloskar’s appeal as TP-issue resolved under Indo-Japan MAP

  • In Favour of Both, Partially
  • Citation Number : TS-496-ITAT-2017(Bang)-TP
  • Tax Payer : Toyota Kirloskar Auto Parts Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remands comparability of 13 companies for fresh adjudication considering CIT(A)’s cryptic, non-speaking order

  • In Favour of Both, Partially
  • Citation Number : TS-495-ITAT-2017(Bang)-TP
  • Tax Payer : ABB Industrial IT Development Centre Ltd
Income tax Appellate Tribunal

ITAT: Excludes 6 comparables for software developer assessee; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-494-ITAT-2017(Bang)-TP
  • Tax Payer : Arcot R& D Software Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects 1% adhoc risk adjustment; Remands TP-adjustment on salary costs reimbursements absent particulars

  • In Favour of Both, Partially
  • Citation Number : TS-493-ITAT-2017(Bang)-TP
  • Tax Payer : Obopay Mobile Technology India Private Ltd
Income tax Appellate Tribunal

ITAT: Turnover filter relevant for service sector, draws support from Safe Harbour Rules

  • In Favour of Both, Partially
  • Citation Number : TS-492-ITAT-2017(Bang)-TP
  • Tax Payer : Misys Software Solutions (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects PBDIT as PLI but permits depreciation rate difference adjustment, follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-491-ITAT-2017(PUN)-TP
  • Tax Payer : Vishay Components Pvt Ltd
Income tax Appellate Tribunal

ITAT:TPO-reference for < Rs 15 Crores cases not bad in law; Remands issue for AYs 2009-10,2010-11

  • In Favour of Assessee
  • Citation Number : TS-490-ITAT-2017(Bang)-TP
  • Tax Payer : Nirvana Business Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs consideration of assessee's claim regarding extraordinary cost incurred during initial years

  • In Favour of Both, Partially
  • Citation Number : TS-489-ITAT-2017(Bang)-TP
  • Tax Payer : Symphony Services India P Ltd
Income tax Appellate Tribunal

ITAT: Excludes 15 comparables for software developer assessee, rejects capacity under-utilization adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-488-ITAT-2017(Bang)-TP
  • Tax Payer : Tavant Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Restores TP-adjustment w.r.t. technical, management service fee to AO/TPO; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-487-ITAT-2017(CHNY)-TP
  • Tax Payer : Dymos Lear Automotive India Pvt Ltd
High Court

HC:Upholds ITAT’s exclusion of 100 government owned undertaking as comparable; Follows Thyssenkrupp-ruling

  • In Favour of Assessee
  • Citation Number : TS-486-HC-2017(DEL)-TP
  • Tax Payer : International SOS Services India P Ltd
Income tax Appellate Tribunal

ITAT: Assessment on ‘non-existent’ amalgamating company, a jurisdictional defect; Quashes assessment following precedents

  • In Favour of Assessee
  • Citation Number : TS-484-ITAT-2017(DEL)-TP
  • Tax Payer : Sapient Consulting Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remands entire comparability issue for fresh examination after admitting assessee’s additional ground

  • In Favour of Assessee
  • Citation Number : TS-483-ITAT-2017(Bang)-TP
  • Tax Payer : Moog Controls India P Ltd
Income tax Appellate Tribunal

ITAT: Manpower underutilization linked to capacity adjustment; Rejects modification to ITAT-order remitting issue

  • In Favour of Both, Partially
  • Citation Number : TS-482-ITAT-2017(Bang)-TP
  • Tax Payer : Valtech India Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits AMP-issue for assessee engaged in manufacturing confectionary products; Follows subsequent-year order

  • In Favour of Assessee
  • Citation Number : TS-481-ITAT-2017(DEL)-TP
  • Tax Payer : Perfetti Van Melle India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds interest adjustment on delayed AE-receivables; Distinguishes earlier order in own case

  • In Favour of Revenue
  • Citation Number : TS-480-ITAT-2017(DEL)-TP
  • Tax Payer : Bechtel India Pvt Ltd
High Court

HC: Construes objections dismissed on ground of delay as DRP-direction; Dismisses assessee’s writ

  • In Favour of Revenue
  • Citation Number : TS-479-HC-2017(MAD)-TP
  • Tax Payer : Inno Estates Private Limited
High Court

HC: Dismisses Revenue’s appeal challenging +/-5% benefit; Can’t agitate new grounds before HC

  • In Favour of Assessee
  • Citation Number : TS-478-HC-2017(BOM)-TP
  • Tax Payer : Mettler Toledo India Pvt Ltd