Rulings ( 11988 results )

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Income tax Appellate Tribunal

ITAT: Financial year filter unnecessary if transaction value/ profitability determinable for corresponding period

  • In Favour of Both, Partially
  • Citation Number : TS-477-ITAT-2017(Bang)-TP
  • Tax Payer : GE India Exports Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on royalty payment; Remits TP-addition on inflated purchases following earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-476-ITAT-2017(DEL)-TP
  • Tax Payer : Progressive Tools & Components Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes ESOPs but includes unaccounted support services in operating-cost for software services

  • In Favour of Both, Partially
  • Citation Number : TS-475-ITAT-2017(Bang)-TP
  • Tax Payer : i2 Technologies Software Pvt Ltd
High Court

HC: Upholds LIBOR on interest-free advances to wholly owned subsidiaries, applies Tata Autocomp ratio

  • In Favour of Assessee
  • Citation Number : TS-474-HC-2017(BOM)-TP
  • Tax Payer : Aurionpro Solutions Ltd
Income tax Appellate Tribunal

ITAT: Comparable cannot be excluded merely because working capital adjustment exceeded 4

  • In Favour of Assessee
  • Citation Number : TS-473-ITAT-2017(Bang)-TP
  • Tax Payer : Aris Global Software Private Ltd
Income tax Appellate Tribunal

ITAT:Upholds TP-adjustment deletion on raw-materials sale to AE

  • In Favour of Assessee
  • Citation Number : TS-471-ITAT-2017(Ahd)-TP
  • Tax Payer : ECI Technology P Ltd
Income tax Appellate Tribunal

ITAT:Confirms TP-adjustment deletion on foreign currency AE-loan; Follows HC rulings

  • In Favour of Assessee
  • Citation Number : TS-470-ITAT-2017(Kol)-TP
  • Tax Payer : M K Shah Exports Ltd
Income tax Appellate Tribunal

ITAT:Upholds TP-adjustment deletion on royalty payment as benefit not doubted; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-469-ITAT-2017(DEL)-TP
  • Tax Payer : Cornell Overseas (P) Ltd
Income tax Appellate Tribunal

ITAT: Excludes TCS E-serve and Wipro for benchmarking software development services; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-468-ITAT-2017(Mum)-TP
  • Tax Payer : Lionbridge Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds CIT(A)'s order applying Sec.153(2) provisions to quash time-barred re-assessment proceedings

  • In Favour of Assessee
  • Citation Number : TS-466-ITAT-2017(PUN)-TP
  • Tax Payer : Menshen Ropa Plastic Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: DRP not empowered to issue directions for further enquiry, to determine ALP itself

  • In Favour of Assessee
  • Citation Number : TS-465-ITAT-2017(CHNY)-TP
  • Tax Payer : Young Buhmwoo India Co Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes TP-adjustment on AE-expenditure reimbursement; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-464-ITAT-2017(Mum)-TP
  • Tax Payer : Ness Technologies (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:High working capital adjustment no reason to exclude companies if otherwise comparable

  • In Favour of Both, Partially
  • Citation Number : TS-463-ITAT-2017(Bang)-TP
  • Tax Payer : Torry Harris Business Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Exclude expenses recovery from cost base absent service rendition and profit element

  • In Favour of Assessee
  • Citation Number : TS-462-ITAT-2017(Kol)-TP
  • Tax Payer : Oracle (OFSS) BPO Service
Income tax Appellate Tribunal

ITAT: Characterizes research & information service provider as KPO, advocates strict Rule 10B compliance

  • In Favour of Assessee
  • Citation Number : TS-461-ITAT-2017(DEL)-TP
  • Tax Payer : Mckinsey Knowledge Centre India Pvt Ltd
High Court

HC: Confirms TP-adjustment restriction to international transactions, rejects non-availability of segmental information plea

  • In Favour of Assessee
  • Citation Number : TS-460-HC-2017(BOM)-TP
  • Tax Payer : Phoenix Mecano (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: AO to adopt AE-country interest rates for outbound loan; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-458-ITAT-2017(Bang)-TP
  • Tax Payer : Subex Limited
Income tax Appellate Tribunal

ITAT: Adopts CUP for medical transcriptions services; Rejects Revenue’s challenge to earlier ITAT-order

  • In Favour of Both, Partially
  • Citation Number : TS-457-ITAT-2017(HYD)-TP
  • Tax Payer : iMedX Information Services Private Limited
Income tax Appellate Tribunal

ITAT: Applies 10 times turnover range to uniformly exclude even uncontested comparables

  • In Favour of Both, Partially
  • Citation Number : TS-456-ITAT-2017(Bang)-TP
  • Tax Payer : Misys Software Solutions (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 2 comparables after detailed comparability examination; Dissuades merely following precedents

  • In Favour of Assessee
  • Citation Number : TS-455-ITAT-2017(DEL)-TP
  • Tax Payer : Teradata India Pvt Ltd