Rulings ( 11988 results )

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Income tax Appellate Tribunal

ITAT: Upholds Nil-ALP sans proof of rendition of management services by AE

  • In Favour of Revenue
  • Citation Number : TS-454-ITAT-2017(Bang)-TP
  • Tax Payer : TaeguTec India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds TNMM for intra-group services, directs turnover based allocation to other transactions

  • In Favour of Both, Partially
  • Citation Number : TS-453-ITAT-2017(Bang)-TP
  • Tax Payer : Yokogawa India Limited
High Court

HC: Upholds ITAT’s exclusion of comparables in IT, ITeS segments

  • In Favour of Assessee
  • Citation Number : TS-452-HC-2017(DEL)-TP
  • Tax Payer : Avaya India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts internal-CUP for back-to-back software transactions absent scope for distortion

  • In Favour of Both, Partially
  • Citation Number : TS-451-ITAT-2017(DEL)-TP
  • Tax Payer : Calance Software Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-addition on preference shares subscription / redemption; Accepts assessee's 1% as guarantee ALP

  • In Favour of Assessee
  • Citation Number : TS-450-ITAT-2017(Mum)-TP
  • Tax Payer : Aegis Ltd
Income tax Appellate Tribunal

ITAT:Remits notional interest adjustment on outstanding AE-receivables, follows earlier year order

  • In Favour of Both, Partially
  • Citation Number : TS-449-ITAT-2017(Bang)-TP
  • Tax Payer : Ingersoll Rand India Ltd
Income tax Appellate Tribunal

ITAT: Excludes 2 comparables for investment advisor; Accepts inclusion of functionally comparable IDC-India

  • In Favour of Assessee
  • Citation Number : TS-448-ITAT-2017(Mum)-TP
  • Tax Payer : Siguler Guff India Advisers Pvt Ltd
Income tax Appellate Tribunal

ITAT:Disallows marketing expenses adjustment while benchmarking with internal comparable under CPM

  • In Favour of Both, Partially
  • Citation Number : TS-447-ITAT-2017(Bang)-TP
  • Tax Payer : Msource India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Determines guarantee commission ALP at 0.25%, follows Asian Paints & earlier year rulings

  • In Favour of Assessee
  • Citation Number : TS-446-ITAT-2017(HYD)-TP
  • Tax Payer : Aster Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes Accentia, Infosys BPO for ITES provider assessee; Confirms risk adjustment denial

  • In Favour of Both, Partially
  • Citation Number : TS-445-ITAT-2017(Bang)-TP
  • Tax Payer : Global e-Business Operations Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables applying 10 times turnover tolerance range, follows PMC-Sierra, McAfee rulings

  • In Favour of Both, Partially
  • Citation Number : TS-444-ITAT-2017(Bang)-TP
  • Tax Payer : Robert Bosch Engineering & Business Solutions Ltd
Income tax Appellate Tribunal

ITAT: Adopts TNMM over CUP considering non-availability of comparable data; Excludes 5 comparables

  • In Favour of Assessee
  • Citation Number : TS-443-ITAT-2017(Bang)-TP
  • Tax Payer : Dell International Services India Pvt Ltd
High Court

HC: ITAT-direction for considering ‘same FY data’ without apportionment/truncation, contrary to Rule 10B(4) proviso

  • In Favour of Assessee
  • Citation Number : TS-442-HC-2017(DEL)-TP
  • Tax Payer : Techbooks Electronics Services
High Court

HC:Dismisses Revenue’s appeal in Gillette case, no substantial question arising from ITAT’s remand

  • In Favour of Assessee
  • Citation Number : TS-441-HC-2017(DEL)-TP
  • Tax Payer : Gillette Diversified Operation Pvt Ltd
Income tax Appellate Tribunal

ITAT:Restores ALP-determination for second line support services provided by AE following earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-440-ITAT-2017(DEL)-TP
  • Tax Payer : Ericsson India Private Ltd
Income tax Appellate Tribunal

ITAT: Rejects Nil ALP-determination applying benefit test; Follows EKL Appliances, Knorr Bremse rulings

  • In Favour of Assessee
  • Citation Number : TS-439-ITAT-2017(DEL)-TP
  • Tax Payer : Corning SAS
Income tax Appellate Tribunal

ITAT: Rejects Nil-ALP for fixed assets purchase; Deletes TP-adjustment on delayed AE-receivables

  • In Favour of Both, Partially
  • Citation Number : TS-438-ITAT-2017(DEL)-TP
  • Tax Payer : BC Management Services Pvt Ltd
High Court

HC: Defines scope of remand, redirects 4 TP issues back to ITAT

  • In Favour of Assessee
  • Citation Number : TS-437-HC-2017(DEL)-TP
  • Tax Payer : ALcatel Lucent India Ltd
Income tax Appellate Tribunal

ITAT: Quashes assessment on non-existent amalgamating company; Follows Spice Entertainment HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-436-ITAT-2017(DEL)-TP
  • Tax Payer : Nokia Solutions & Network India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits AMP-issue related to selling, distribution for fresh adjudication following earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-435-ITAT-2017(DEL)-TP
  • Tax Payer : MSD Pharmaceuticals Pvt Ltd