Rulings ( 11992 results )

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Income tax Appellate Tribunal

ITAT: Upholds CIT(A)-order, cannot allocate direct costs between segments for computing ALP

  • In Favour of Assessee
  • Citation Number : TS-372-ITAT-2017(Bang)-TP
  • Tax Payer : 3D Networks PTE Ltd
Income tax Appellate Tribunal

ITAT: Rejects CIT(A)'s 0% RPT-filter; Questions modification of onsite revenue filter without hearing opportunity

  • In Favour of Assessee
  • Citation Number : TS-371-ITAT-2017(Bang)-TP
  • Tax Payer : PMC Sierra India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds DRP’s exclusion of Infosys Technologies Ltd, Follows NTT Data ruling

  • In Favour of Both, Partially
  • Citation Number : TS-370-ITAT-2017(Bang)-TP
  • Tax Payer : Symphony Marketing Solutions India
Income tax Appellate Tribunal

ITAT: Onus on assessee to establish capacity under-utilization below industry average; Remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-369-ITAT-2017(Bang)-TP
  • Tax Payer : GE Intelligent Platform Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds intra-group managerial services rendered by AE at ALP; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-368-ITAT-2017(Bang)-TP
  • Tax Payer : Essentra India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits TP-issue; Directs DRP to consider correctness of TPO’s comparables margin

  • In Favour of Both, Partially
  • Citation Number : TS-367-ITAT-2017(CHNY)-TP
  • Tax Payer : Extreme Networks India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds TP-adjustment deletion on corporate guarantee; Follows Redington over Everest Kanto ruling

  • In Favour of Revenue
  • Citation Number : TS-366-ITAT-2017(CHNY)-TP
  • Tax Payer : Aban Offshore Ltd
Income tax Appellate Tribunal

ITAT: Upholds royalty & admin-fees adjustment absent service-rendition proof; Cites Evidence Act provisions

  • In Favour of Revenue
  • Citation Number : TS-364-ITAT-2017(Bang)-TP
  • Tax Payer : Herbalife International India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Confirms TP-adjustment on advertisement expenditure reimbursed to AE, follows earlier year order

  • In Favour of Both, Partially
  • Citation Number : TS-363-ITAT-2017(CHNY)-TP
  • Tax Payer : Titan Industries Ltd
Income tax Appellate Tribunal

ITAT: Allows custom duty adjustment in principle considering 99% imports in manufacturing segment

  • In Favour of Both, Partially
  • Citation Number : TS-360-ITAT-2017(CHNY)-TP
  • Tax Payer : Gates Unitta India company P Ltd
Income tax Appellate Tribunal

ITAT: Rejects RPM for benchmarking imports for resale in India, cites 50% domestic purchases

  • In Favour of Revenue
  • Citation Number : TS-359-ITAT-2017(CHNY)-TP
  • Tax Payer : Socomec Innovative Power Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Declines Special-Bench constitution on corporate guarantee issue considering appeal pendency before HC

  • In Favour of Both, Partially
  • Citation Number : TS-357-ITAT-2017(Ahd)-TP
  • Tax Payer : Sun Pharmaceutical Industries Ltd
Income tax Appellate Tribunal

ITAT: Rejects Revenue’s entity-wise TP-adjustment citing segmental accounts unavailability; Follows Alstom, Keihin Panalfa rulings

  • In Favour of Both, Partially
  • Citation Number : TS-356-ITAT-2017(Mum)-TP
  • Tax Payer : New Holland Fiat (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT:Adjudicates comparables selection for Disney Group company; Remands comparable with fluctuating margins

  • In Favour of Both, Partially
  • Citation Number : TS-355-ITAT-2017(Mum)-TP
  • Tax Payer : Walt Disney Company (India) Private Limited
Income tax Appellate Tribunal

ITAT:Upholds AMP-adjustment deletion for liquor manufacturer; AE can’t benefit from India specific brands

  • In Favour of Assessee
  • Citation Number : TS-354-ITAT-2017(DEL)-TP
  • Tax Payer : Pernod Ricard India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits Accentia, TPO to evaluate assessee's profile; Rejects comparables' exclusion uncontested earlier

  • In Favour of Both, Partially
  • Citation Number : TS-353-ITAT-2017(Bang)-TP
  • Tax Payer : Zyme Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Applies 10 times turnover range over Rs 1-200cr filter; Follows McAfee over 24/7 Customer.com ruling

  • In Favour of Both, Partially
  • Citation Number : TS-352-ITAT-2017(Bang)-TP
  • Tax Payer : Swiss Re Shared Services (India) P Ltd
Income tax Appellate Tribunal

ITAT: Upholds 15% RPT; Rules on selection of comparables following Net Devices ruling

  • In Favour of Assessee
  • Citation Number : TS-351-ITAT-2017(Bang)-TP
  • Tax Payer : SunGard Solutions (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds exclusion of companies having turnover > Rs.200Cr, considers 10 times multiple

  • In Favour of Assessee
  • Citation Number : TS-350-ITAT-2017(Bang)-TP
  • Tax Payer : Solidcore Techsoft Systems (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: GE Exports not mere BPO; Excludes Mold-Tek, e-Clerx for abnormal profits despite functional similarity

  • In Favour of Both, Partially
  • Citation Number : TS-348-ITAT-2017(Bang)-TP
  • Tax Payer : GE India Exports Pvt Ltd