Rulings ( 11992 results )

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Income tax Appellate Tribunal

ITAT: Retains comparable having 96.33% margin applying SB ratio in Maersk Global

  • In Favour of Both, Partially
  • Citation Number : TS-84-ITAT-2017(PUN)-TP
  • Tax Payer : Honeywell Turbo Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes interest addition on overdue AE-receivables for AY 2009-10, follows Avnet India ruling

  • In Favour of Assessee
  • Citation Number : TS-83-ITAT-2017(Bang)-TP
  • Tax Payer : Millipore India Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables for software developer assessee citing functional dissimilarity, intangibles, outsourcing

  • In Favour of Assessee
  • Citation Number : TS-82-ITAT-2017(Bang)-TP
  • Tax Payer : STMicroelelctronics Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds 15% RPT filter, remits comparable selection to CIT(A) for fresh consideration

  • In Favour of Both, Partially
  • Citation Number : TS-81-ITAT-2017(Bang)-TP
  • Tax Payer : Misys Software Solutions India Private Ltd
Income tax Appellate Tribunal

ITAT: Reverses DRP’s application of turnover filter; Excludes 7 comparables for ITes provider

  • In Favour of Both, Partially
  • Citation Number : TS-80-ITAT-2017(Bang)-TP
  • Tax Payer : Tesco Hindustan Service Centre Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects Nil-ALP determination for royalty payment to AE; Follows Luwa India ruling

  • In Favour of Assessee
  • Citation Number : TS-79-ITAT-2017(Bang)-TP
  • Tax Payer : Siemens VDO Automotive Ltd
Income tax Appellate Tribunal

ITAT: Allows miscellaneous-petition, remits ALP-determination of services charges to TPO

  • In Favour of Assessee
  • Citation Number : TS-78-ITAT-2017(Bang)-TP
  • Tax Payer : Inteva Products India Automotive Pvt Ltd
Income tax Appellate Tribunal

ITAT: Recalls order for adjudicating comparability of ‘Infosys Ltd’, allows assessee’s miscellaneous petition

  • In Favour of Assessee
  • Citation Number : TS-77-ITAT-2017(Bang)-TP
  • Tax Payer : Mercedes Benz Research & Development India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 5 comparables applying 10 times turnover filter, excludes 3 considering functional dissimilarity

  • In Favour of Both, Partially
  • Citation Number : TS-76-ITAT-2017(Bang)-TP
  • Tax Payer : Evry India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s miscellaneous-petition, review on existing evidence not permissible u/s 254(2)

  • In Favour of Revenue
  • Citation Number : TS-75-ITAT-2017(Bang)-TP
  • Tax Payer : Abott Medical Optics Pvt Ltd
Income tax Appellate Tribunal

ITAT: Questions TPO's failure to justify comparable rejection & to provide search methodology

  • In Favour of Assessee
  • Citation Number : TS-74-ITAT-2017(CHNY)-TP
  • Tax Payer : Woosu Automotive India Private Ltd
Income tax Appellate Tribunal

ITAT:PBDIT inappropriate PLI for asset-intensive assessee, considers adjustment for depreciation-rate difference

  • In Favour of Both, Partially
  • Citation Number : TS-73-ITAT-2017(PUN)-TP
  • Tax Payer : Vishay Components Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits volume discount & warranty cost adjustments following earlier year order

  • In Favour of Both, Partially
  • Citation Number : TS-72-ITAT-2017(Ahd)-TP
  • Tax Payer : Erhardt Leimr India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar comparable; Doubtful debts provision an operating expenditure if written-off

  • In Favour of Both, Partially
  • Citation Number : TS-71-ITAT-2017(Bang)-TP
  • Tax Payer : VMware Softwre India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows adjustment for extraordinary expenditure post-merger; Salary for duplicate CEO/CFO post not ‘extraordinary’

  • In Favour of Assessee
  • Citation Number : TS-70-ITAT-2017(Bang)-TP
  • Tax Payer : Valtech India Systems Pvt Ltd
Supreme Court

SC:Admits SLP on AMP-adjustment in Bausch & Lomb’s case; Tags with Canon’s appeal

  • In Favour of Assessee
  • Citation Number : TS-69-SC-2017-TP
  • Tax Payer : Bausch and Lomb Eyecare India Pvt Ltd
High Court

HC: Refuses to quash reopening based on earlier year TP-adjustment; Powers u/s 147 wide

  • In Favour of Revenue
  • Citation Number : TS-68-HC-2017(DEL)-TP
  • Tax Payer : Magneti Marelli Powertrain India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparable with significant IPR, non-availability of nature/profile of IPR irrelevant

  • In Favour of Assessee
  • Citation Number : TS-67-ITAT-2017(Kol)-TP
  • Tax Payer : Philips India Ltd
Income tax Appellate Tribunal

ITAT: Adjudicates comparables selection in ITeS; Deletes TP-addition on preference shares subscription/redemption

  • In Favour of Assessee
  • Citation Number : TS-66-ITAT-2017(Mum)-TP
  • Tax Payer : Aegis Limited
Income tax Appellate Tribunal

ITAT: Remits corporate services payment transaction following earlier year order

  • In Favour of Both, Partially
  • Citation Number : TS-65-ITAT-2017(Mum)-TP
  • Tax Payer : Huntsman International India Private Limited