Rulings ( 11992 results )

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Income tax Appellate Tribunal

ITAT: Excludes 4 functionally dissimilar comparables for software developer, follows group company’s order

  • In Favour of Assessee
  • Citation Number : TS-243-ITAT-2017(Bang)-TP
  • Tax Payer : Broadcom India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Assessee can't seek to apply 15% RPT-filter absent challenge to TPO's 25%-filter

  • In Favour of Both, Partially
  • Citation Number : TS-242-ITAT-2017(Bang)-TP
  • Tax Payer : Citrix R&D India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Optionally convertible loans ‘quasi capital’ not debt; Deletes notional interest adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-241-ITAT-2017(Ahd)-TP
  • Tax Payer : Cadila Healthcare Limited
Income tax Appellate Tribunal

ITAT:Holds IT company's employee cost towards anticipatory project requirement as 'extra-ordinary', grants adjustment

  • In Favour of Assessee
  • Citation Number : TS-240-ITAT-2017(CHNY)-TP
  • Tax Payer : Saggezza India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits AMP-issue to factually examine assessee's contentions; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-239-ITAT-2017(DEL)-TP
  • Tax Payer : RayBan Sun Optics India Ltd
Income tax Appellate Tribunal

ITAT: Motilal Oswal incomparable with assessee rendering pure investment advisory services

  • In Favour of Both, Partially
  • Citation Number : TS-238-ITAT-2017(Mum)-TP
  • Tax Payer : Warburg Pincus India pvt ltd
Income tax Appellate Tribunal

ITAT:Remits outstanding AE-receivables issue for verifying mistake in TP-study regarding receipt currency

  • In Favour of Both, Partially
  • Citation Number : TS-237-ITAT-2017(DEL)-TP
  • Tax Payer : Target Sourcing Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts, 'in-principle', comparability adjustments under RPM when impact on gross-margins demonstrated

  • In Favour of Both, Partially
  • Citation Number : TS-236-ITAT-2017(DEL)-TP
  • Tax Payer : Oriflame India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustments on intragroup management fees absent justification for Nil-ALP under CUP

  • In Favour of Assessee
  • Citation Number : TS-234-ITAT-2017(Ahd)-TP
  • Tax Payer : Sabic Innovative Plastics India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits AMP-issue for assessee trader to follow directions in Sony Ericsson HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-233-ITAT-2017(Mum)-TP
  • Tax Payer : Christian Dior Trading India Pvt Ltd
High Court

HC:Rejects interest income inclusion for computing TP-adjustment considering Revenue’s tacit acceptance of ITAT-order

  • In Favour of Both, Partially
  • Citation Number : TS-231-HC-2017(BOM)-TP
  • Tax Payer : Calyon Bank
High Court

HC:Dismisses Revenue’s appeal against ITAT-order remanding ALP-determination for Soga Shosha assessee

  • In Favour of Both, Partially
  • Citation Number : TS-230-HC-2017(DEL)-TP
  • Tax Payer : Mitsubishi Corporation India P Ltd
High Court

HC: Revenue at liberty to argue submissions not foreclosed by ITAT; Dismisses appeal

  • In Favour of Assessee
  • Citation Number : TS-229-HC-2017(DEL)-TP
  • Tax Payer : Copal Research India Pvt Ltd
High Court

HC:Allows Li & Fung's writ; Show-cause notice beyond scope of ITAT's specific remand, unsustainable

  • In Favour of Assessee
  • Citation Number : TS-228-HC-2017(DEL)-TP
  • Tax Payer : Li & Fung India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes revisionary order curtailing S.10A deduction for engineering segment earning 270 margin

  • In Favour of Assessee
  • Citation Number : TS-227-ITAT-2017(PUN)-TP
  • Tax Payer : Eaton Industries Private Limited
Income tax Appellate Tribunal

ITAT: Upholds Rs.1-200 Cr turnover filter to exclude Helios and Matheson with higher turnover

  • In Favour of Both, Partially
  • Citation Number : TS-226-ITAT-2017(PUN)-TP
  • Tax Payer : MSC Software Corporation India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits CIT(A) order excluding 8 companies for software development service provider assessee

  • In Favour of Both, Partially
  • Citation Number : TS-225-ITAT-2017(HYD)-TP
  • Tax Payer : Xilinx India Technology Services Pvt Ltd
Income tax Appellate Tribunal

ITAT:Includes loss making comparable, excludes 2 functionally dissimilar comparables; Follows earlier decision

  • In Favour of Assessee
  • Citation Number : TS-224-ITAT-2017(DEL)-TP
  • Tax Payer : Philip Morris Services India SA
Supreme Court

SC:Admits Revenue’s SLP in Li Fung's case against HC-order following earlier year

  • In Favour of Revenue
  • Citation Number : TS-223-SC-2017-TP
  • Tax Payer : Li and Fung India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds 500 bps as appropriate spread over LIBOR/SIBOR for benchmarking ECB/FCD interest

  • In Favour of Assessee
  • Citation Number : TS-222-ITAT-2017(HYD)-TP
  • Tax Payer : Devgen Seeds & Crop Technology Pvt Ltd