Rulings ( 11992 results )

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Income tax Appellate Tribunal

ITAT: Excludes 5 comparables for ITeS/ software development service provider; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-32-ITAT-2017(HYD)-TP
  • Tax Payer : ADP Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits comparability of 3 companies pursuant to miscellaneous petition

  • In Favour of Assessee
  • Citation Number : TS-1081-ITAT-2016(Bang)-TP
  • Tax Payer : NXP Semi Conductors India P Ltd
Income tax Appellate Tribunal

ITAT: Information in annual report outweighs information obtained u/s 133(6) in case of contradiction

  • In Favour of Assessee
  • Citation Number : TS-31-ITAT-2017(DEL)-TP
  • Tax Payer : H&S Software Development and Knowledge Management Centre Pvt Ltd
Income tax Appellate Tribunal

ITAT: Extraordinary event only in relevant business segment of comparable warrants its rejection

  • In Favour of Both, Partially
  • Citation Number : TS-1080-ITAT-2016(Bang)-TP
  • Tax Payer : Siemens Technology & Services Pvt Ltd
Income tax Appellate Tribunal

ITAT:Remits TP-issue considering TPO’s contradicting stand in remand proceedings of succeeding year

  • In Favour of Both, Partially
  • Citation Number : TS-30-ITAT-2017(Bang)-TP
  • Tax Payer : Kennametal India Ltd
Income tax Appellate Tribunal

ITAT: Excludes 15 functionally different companies as comparables; Rejects negative working capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-1079-ITAT-2016(Bang)-TP
  • Tax Payer : CAPCO IT Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Approves assessee’s change of MAM before CIT(A), considers subsequent data availability

  • In Favour of Assessee
  • Citation Number : TS-1078-ITAT-2016(PUN)-TP
  • Tax Payer : Sudarshan Chemical Industries Limited
Income tax Appellate Tribunal

ITAT: Can't restrict working-capital adjustment to comparables' cost of capital

  • In Favour of Assessee
  • Citation Number : TS-1077-ITAT-2016(Bang)-TP
  • Tax Payer : EMC Software and Services India P Ltd
Income tax Appellate Tribunal

ITAT:Dismisses assessee’s miscellaneous petition, lower authorities to consider comparability in remand proceedings

  • In Favour of Revenue
  • Citation Number : TS-1076-ITAT-2016(Bang)-TP
  • Tax Payer : Aptean Software India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects 'No AE-relationship' claim absent auditor's confirmation about incorrect report & documentary evidence

  • In Favour of Revenue
  • Citation Number : TS-29-ITAT-2017(Mum)-TP
  • Tax Payer : Techsource Services Private Limited
Income tax Appellate Tribunal

ITAT:Considers Forex gain/loss as part of operating-profit; Follows earlier rulings

  • In Favour of Both, Partially
  • Citation Number : TS-1075-ITAT-2016(Bang)-TP
  • Tax Payer : Mercedes Benz Research & Development India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Allows assessee’s miscellaneous petition considering ITAT’s non-consideration of grounds on comparables

  • In Favour of Assessee
  • Citation Number : TS-27-ITAT-2017(Bang)-TP
  • Tax Payer : EADS India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT (A) order considering export benefit as operating profit for PLI-computation

  • In Favour of Both, Partially
  • Citation Number : TS-26-ITAT-2017(PUN)-TP
  • Tax Payer : Carraro India Pvt Ltd
Income tax Appellate Tribunal

ITAT:TPO to consider assessee's claim on non-inclusion of reimbursements in cost-base

  • In Favour of Both, Partially
  • Citation Number : TS-1074-ITAT-2016(Bang)-TP
  • Tax Payer : AstraZeneca Pharma India Ltd
Income tax Appellate Tribunal

ITAT: Excludes 9 comparables applying turnover filter; Follows Maxim India ruling

  • In Favour of Assessee
  • Citation Number : TS-1073-ITAT-2016(Bang)-TP
  • Tax Payer : iPass India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits Sec. 271AA penalty for garment exporters, considering remand-back in quantum appeal

  • In Favour of Both, Partially
  • Citation Number : TS-25-ITAT-2017(CHNY)-TP
  • Tax Payer : Greenland Exports Pvt Ltd
Income tax Appellate Tribunal

ITAT:Excludes comparables citing functional dissimilarity; Grants market risk adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-1072-ITAT-2016(Bang)-TP
  • Tax Payer : IDS Software Solutions India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue's appeal against exclusion of 6 comparables in case of IT/ITes-provider

  • In Favour of Assessee
  • Citation Number : TS-1071-ITAT-2016(PUN)-TP
  • Tax Payer : PTC Software India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects TPO's 100 loan syndication fee allocation to assessee; Follows Credit Lyonnais ratio

  • In Favour of Both, Partially
  • Citation Number : TS-24-ITAT-2017(Mum)-TP
  • Tax Payer : RBS Financial Services India Pvt Ltd
High Court

HC: Rejects Nil ALP-determination for advertisement expenses reimbursement; Sec 37 disallowance beyond TPO's jurisdiction

  • In Favour of Assessee
  • Citation Number : TS-23-HC-2017(BOM)-TP
  • Tax Payer : Lever India Exports Ltd