Rulings ( 11992 results )

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High Court

HC: Sets aside ITAT-order remanding AMP-issue to TPO; ITAT to decide issue itself

  • In Favour of Assessee
  • Citation Number : TS-418-HC-2017(DEL)-TP
  • Tax Payer : Bacardi India Pvt Ltd
High Court

HC: Size & scale of TCS E-Serve’s operations incomparable to assessee's BPO services; Upholds exclusion

  • In Favour of Assessee
  • Citation Number : TS-417-HC-2017(DEL)-TP
  • Tax Payer : Actis Global Service Pvt Ltd
High Court

HC:Admits assessee's appeal seeking restriction of TP-adjustment to international transactions with AEs

  • In Favour of Assessee
  • Citation Number : TS-416-HC-2017(DEL)-TP
  • Tax Payer : Becton Dickinson India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects internal-CPM for AE-exports, cites difference in product utility, value chain & geographical market

  • In Favour of Assessee
  • Citation Number : TS-413-ITAT-2017(Ahd)-TP
  • Tax Payer : Inductotherm (India) Pvt Ltd
High Court

HC: Impact of delayed AE-receivables subsumed in working-capital / pricing vis-à-vis comparables; Confirms ITAT-order

  • In Favour of Assessee
  • Citation Number : TS-412-HC-2017(DEL)-TP
  • Tax Payer : Kusum Health Care Pvt. Ltd
High Court

HC: Upholds Vishal Information’s exclusion; Dismisses Revenue’s ground on KPO vs. BPO comparability

  • In Favour of Assessee
  • Citation Number : TS-411-HC-2017(DEL)-TP
  • Tax Payer : EXL Services.com India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Modifies RPT filter to 15% and turnover filter to 10 times assessee's turnover

  • In Favour of Both, Partially
  • Citation Number : TS-410-ITAT-2017(Bang)-TP
  • Tax Payer : Sykes Enterprises (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs exclusion of 14 companies as comparables following NXP Semiconductors ratio

  • In Favour of Both, Partially
  • Citation Number : TS-409-ITAT-2017(Bang)-TP
  • Tax Payer : FCG Software Services (India) Pvt Ltd
High Court

HC: Upholds ITAT's exclusion of 3 comparables for ITES-provider following Rampgreen, Agnity HC-rulings

  • In Favour of Assessee
  • Citation Number : TS-407-HC-2017(DEL)-TP
  • Tax Payer : Vertex Customer Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds AMP intensity adjustment for distributor treating AMP as 'function' instead of 'transaction'

  • In Favour of Both, Partially
  • Citation Number : TS-406-ITAT-2017(DEL)-TP
  • Tax Payer : Luxottica India Eyewear Pvt Ltd
Income tax Appellate Tribunal

ITAT: Sets aside DRP’s “hollow”, “unsubstantiated” observations for rejecting internal-TNMM in jeweller’s case

  • In Favour of Assessee
  • Citation Number : TS-404-ITAT-2017(Mum)-TP
  • Tax Payer : SB & T Designs Ltd
Income tax Appellate Tribunal

ITAT: Remits AMP-adjustment for assessee engaged in manufacturing confectionary products; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-403-ITAT-2017(DEL)-TP
  • Tax Payer : Perfetti Van Melle India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remands AMP-issue despite HC's refrain, considers assessee's plea for in-depth analysis

  • In Favour of Both, Partially
  • Citation Number : TS-402-ITAT-2017(DEL)-TP
  • Tax Payer : Daikin Air-conditioning India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects DRP’s direction to remit working capital issue without itself determining adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-401-ITAT-2017(CHNY)-TP
  • Tax Payer : Myunghwa Automotive India Pvt Ltd
High Court

HC:Invalidates AO’s final assessment sans draft order, Sec 144C non-compliance not ‘curable defect’

  • In Favour of Assessee
  • Citation Number : TS-400-HC-2017(DEL)-TP
  • Tax Payer : Turner International India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Condones 148-days delay in filing appeal; Excludes Kals Information for software developer assessee

  • In Favour of Assessee
  • Citation Number : TS-399-ITAT-2017(DEL)-TP
  • Tax Payer : Aircom International (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Deletes ad-hoc royalty adjustment absent adherence to proper TP-procedure; Follows Spicer ruling

  • In Favour of Assessee
  • Citation Number : TS-398-ITAT-2017(PUN)-TP
  • Tax Payer : John Deere India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds assessment-order on amalgamated company quoting amalgamating company’s PAN; Excludes 5 comparables

  • In Favour of Assessee
  • Citation Number : TS-396-ITAT-2017(HYD)-TP
  • Tax Payer : BA Continuum India Private Limited (formerly CFC India Services Pvt. Ltd)
Income tax Appellate Tribunal

ITAT: Dismisses assessee & Revenue’s cross appeals as TP-issues resolved under MAP

  • In Favour of Both, Partially
  • Citation Number : TS-395-ITAT-2017(Bang)-TP
  • Tax Payer : Agile Software Enterprises Private Limited
Income tax Appellate Tribunal

ITAT: Grants conditional stay considering 25% demand already discharged

  • In Favour of Assessee
  • Citation Number : TS-394-ITAT-2017(Bang)-TP
  • Tax Payer : Biesse Manufacturing Company Pvt Ltd