Rulings ( 11992 results )

Filters
Income tax Appellate Tribunal

ITAT: Excludes 6 comparables citing functional- dissimilarity; Remits 2 for verifying employee cost/RPT filters

  • In Favour of Assessee
  • Citation Number : TS-183-ITAT-2017(Bang)-TP
  • Tax Payer : Sandisk India Device Design Centre Pvt Ltd
High Court

HC: Upholds ITAT order deleting AMP adjustment following HC order for earlier year

  • In Favour of Assessee
  • Citation Number : TS-182-HC-2017(DEL)-TP
  • Tax Payer : Honda Siel Power Product Ltd
Income tax Appellate Tribunal

ITAT: Upholds re-characterization of share-application as debt considering allotment delay / AE fund availability

  • In Favour of Both, Partially
  • Citation Number : TS-181-ITAT-2017(Bang)-TP
  • Tax Payer : Logix Microsystems Ltd
High Court

HC: Dismisses Revenue’s challenge to royalty payment; ITAT correctly applied EKL Appliances ratio

  • In Favour of Assessee
  • Citation Number : TS-180-HC-2017(DEL)-TP
  • Tax Payer : Frigoglass India Pvt Ltd
High Court

HC: Upholds ITAT-direction to use comparable's segmented-data, but remits unused capacity adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-179-HC-2017(DEL)-TP
  • Tax Payer : E I DuPont India Pvt Ltd
High Court

HC: Remits AMP-issue, ITAT to decide existence of international transaction considering Sony ruling

  • In Favour of Assessee
  • Citation Number : TS-178-HC-2017(DEL)-TP
  • Tax Payer : Pepsico India Holding Pvt Ltd
High Court

HC:Upholds ITAT order rejecting indenting business characterization as trading, considers Sumitomo Corporation ratio

  • In Favour of Assessee
  • Citation Number : TS-177-HC-2017(DEL)-TP
  • Tax Payer : Sojitz India Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparable selection for software development service provider

  • In Favour of Assessee
  • Citation Number : TS-176-ITAT-2017(Bang)-TP
  • Tax Payer : Sunquest Informtion Systems India Pvt Ltd
High Court

HC: ITAT-order on comparability unreasoned; Remits issue keeping contentions on all comparables, open

  • In Favour of Both, Partially
  • Citation Number : TS-175-HC-2017(DEL)-TP
  • Tax Payer : Agnity India Technologiers P Ltd
High Court

HC:Upholds Sogo Shosha company's TP-adjustment deletion; Follows ruling in own case

  • In Favour of Assessee
  • Citation Number : TS-174-HC-2017(DEL)-TP
  • Tax Payer : Mitsui & India Pvt Ltd
High Court

HC:Confirms ITAT order allowing brand usage royalty payment prior to formal agreement

  • In Favour of Assessee
  • Citation Number : TS-171-HC-2017(BOM)-TP
  • Tax Payer : Johnson & Johnson Ltd
Income tax Appellate Tribunal

ITAT: Benchmarking based on single comparable permissible, however +/-5 benefit inapplicable

  • In Favour of Assessee
  • Citation Number : TS-170-ITAT-2017(Mum)-TP
  • Tax Payer : JP Morgan Advisors India Private Limited
Income tax Appellate Tribunal

ITAT: Rejects CIT(A)'s exclusion of high turnover comparables; Turnover irrelevant for deciding comparability

  • In Favour of Both, Partially
  • Citation Number : TS-169-ITAT-2017(Bang)-TP
  • Tax Payer : Electronics for Imaging India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Disregards forward contract with AE, upholds TP-adjustment based on non-AE sales price

  • In Favour of Revenue
  • Citation Number : TS-168-ITAT-2017(Bang)-TP
  • Tax Payer : Dhanya Agroindustrial Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)-order quashing draft assessment order passed with demand and penalty notices

  • In Favour of Assessee
  • Citation Number : TS-167-ITAT-2017(PUN)-TP
  • Tax Payer : Can Pack India Private Limited
Income tax Appellate Tribunal

ITAT: Holds Solar Test activity costs as extra-ordinary, excludes from PLI computation

  • In Favour of Assessee
  • Citation Number : TS-166-ITAT-2017(Mum)-TP
  • Tax Payer : Schott Glass India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Assessee’s transactions in manufacturing segment closely linked, accepts aggregation for benchmarking

  • In Favour of Assessee
  • Citation Number : TS-165-ITAT-2017(PUN)-TP
  • Tax Payer : Cummins India Limited
Income tax Appellate Tribunal

ITAT: Upholds idle capacity adjustment granted by CIT(A); Dismisses Revenue’s appeal

  • In Favour of Assessee
  • Citation Number : TS-164-ITAT-2017(CHNY)-TP
  • Tax Payer : Danfoss Industries Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s transfer pricing grounds considering MAP resolution

  • In Favour of Assessee
  • Citation Number : TS-163-ITAT-2017(PUN)-TP
  • Tax Payer : Symantec Software and Services India Private Limited
Income tax Appellate Tribunal

ITAT: Remits Revenue’s grounds considering assessee’s contention that TP-adjustment within +/-5%; Dismisses cross-objection

  • In Favour of Both, Partially
  • Citation Number : TS-162-ITAT-2017(DEL)-TP
  • Tax Payer : Aircom International India Pvt Ltd