Rulings ( 11992 results )

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Income tax Appellate Tribunal

ITAT: CIT(A) not empowered to remit matter; Directs AO to examine functional dissimilarity

  • In Favour of Revenue
  • Citation Number : TS-143-ITAT-2017(Bang)-TP
  • Tax Payer : Crimsonlogic India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds TP-applicability for ITeS-provider despite exemption claimed u/s 10A; Excludes 8 comparables

  • In Favour of Both, Partially
  • Citation Number : TS-142-ITAT-2017(HYD)-TP
  • Tax Payer : Wissen Infotech Private Limited
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar comparables for assessee's software development/customer support services

  • In Favour of Assessee
  • Citation Number : TS-141-ITAT-2017(Bang)-TP
  • Tax Payer : Magma Design Automation India P Ltd
Income tax Appellate Tribunal

ITAT: Remits comparability of ‘Thirdware Solutions for considering software development services segmental data

  • In Favour of Both, Partially
  • Citation Number : TS-140-ITAT-2017(Bang)-TP
  • Tax Payer : Intuit Technology Services Private Limited
Income tax Appellate Tribunal

ITAT: RPT filter not a 'water tight compartment'; Retains comparable having 18.3 RPT

  • In Favour of Both, Partially
  • Citation Number : TS-139-ITAT-2017(Bang)-TP
  • Tax Payer : Ketera Software India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Grants 180 days stay subject to Rs. 25 lacs payment by assessee

  • In Favour of Assessee
  • Citation Number : TS-138-ITAT-2017(Bang)-TP
  • Tax Payer : Kaypee Electronics & Associates Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remands TP-issues to DRP for fresh adjudication, cites lack of proper reason

  • In Favour of Both, Partially
  • Citation Number : TS-137-ITAT-2017(Bang)-TP
  • Tax Payer : ABB Global Industries & Services Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s miscellaneous petition, makes 3 corrections in ITAT order dated 26.8.2016

  • In Favour of Assessee
  • Citation Number : TS-136-ITAT-2017(Bang)-TP
  • Tax Payer : Interwoven Software Services Ind Pvt Ltd
High Court

HC: Confirms penalty deletion on intra-group service-fee, no automatic presumptive application of Expl.7

  • In Favour of Assessee
  • Citation Number : TS-135-HC-2017(DEL)-TP
  • Tax Payer : Mitsui Prime Advanced Composites India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: CIT(A) not empowered to restore matter; Remits entire TP-issue for fresh decision

  • In Favour of Both, Partially
  • Citation Number : TS-134-ITAT-2017(Bang)-TP
  • Tax Payer : AOL Online India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s miscellaneous petition; Excludes 10 functionally dissimilar comparables

  • In Favour of Assessee
  • Citation Number : TS-133-ITAT-2017(Bang)-TP
  • Tax Payer : Open-Silicon Research Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables for a pharma company on grounds of functional dissimilarity

  • In Favour of Assessee
  • Citation Number : TS-132-ITAT-2017(Bang)-TP
  • Tax Payer : Apotex Research Private Ltd
Income tax Appellate Tribunal

ITAT: Rejects TPO's benchmarking of AE-loans considering ‘net margin on borrowing costs’

  • In Favour of Both, Partially
  • Citation Number : TS-131-ITAT-2017(Mum)-TP
  • Tax Payer : Geodesic Limited
High Court

HC:Dismisses Revenue’s plea to proportionately disallow technical knowhow fees, follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-130-HC-2017(BOM)-TP
  • Tax Payer :  Merck Ltd
Income tax Appellate Tribunal

ITAT: Excludes ‘Infosys BPO’ having Rs. 850 Cr turnover and ‘Cosmic Global’ citing outsourcing activity for ITeS-provider

  • In Favour of Assessee
  • Citation Number : TS-129-ITAT-2017(CHNY)-TP
  • Tax Payer : Visual Graphics Computing Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: ESPN's 'channel distribution' and 'advertisement sale' segments closely linked, upholds aggregation

  • In Favour of Assessee
  • Citation Number : TS-128-ITAT-2017(DEL)-TP
  • Tax Payer : ESPN Software India Ltd
Income tax Appellate Tribunal

ITAT: Determines corporate-guarantee commission ALP at 0.5%, considers security coverage and risk factors

  • In Favour of Assessee
  • Citation Number : TS-127-ITAT-2017(Mum)-TP
  • Tax Payer : Videcon Industries Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-issue relating to interest-free loan provided to AE, follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-126-ITAT-2017(Bang)-TP
  • Tax Payer : Wipro Limited
Income tax Appellate Tribunal

ITAT: ‘Contract termination fee’ operating in nature for taxpayer rendering software development services

  • In Favour of Assessee
  • Citation Number : TS-125-ITAT-2017(HYD)-TP
  • Tax Payer : Invensys Development Centre India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Expenses incurred prior to grant of STPI registration preoperative; Excludes from PLI-computation

  • In Favour of Both, Partially
  • Citation Number : TS-124-ITAT-2017(PUN)-TP
  • Tax Payer : Amberpoint Technology India Pvt Ltd