Rulings ( 11992 results )

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High Court

HC: Remits aggregation/desegregation of transactions issue considering Sony Ericsson, Magneti Marelli HC-rulings

  • In Favour of Both, Partially
  • Citation Number : TS-1049-HC-2016(DEL)-TP
  • Tax Payer : Gruner India Private Limited
Income tax Appellate Tribunal

ITAT: TNMM more appropriate than CUP for benchmarking software-development services; Excludes 17 comparables

  • In Favour of Both, Partially
  • Citation Number : TS-3-ITAT-2017(CHNY)-TP
  • Tax Payer : Polaris Consulting & Services Ltd
Income tax Appellate Tribunal

ITAT: Applying 75% export earning filter necessary for considering export incentives as operating income

  • In Favour of Both, Partially
  • Citation Number : TS-1047-ITAT-2016(Bang)-TP
  • Tax Payer : Sami Labs
Income tax Appellate Tribunal

ITAT:Extends stay by three months considering appeal-disposal delay not attributable to assessee

  • In Favour of Both, Partially
  • Citation Number : TS-1046-ITAT-2016(Bang)-TP
  • Tax Payer : NovoNordisk India Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Can’t exclude comparable for high turnover absent application of any turnover filter

  • In Favour of Assessee
  • Citation Number : TS-2-ITAT-2017(Mum)-TP
  • Tax Payer : Dialogic Networks India Private Limited
Income tax Appellate Tribunal

ITAT:Extends stay by 3 months considering earlier year appeal order awaited

  • In Favour of Assessee
  • Citation Number : TS-1045-ITAT-2016(Bang)-TP
  • Tax Payer : Google India P Ltd
Income tax Appellate Tribunal

ITAT: Accepts reliance on Hewlett Packard ruling citing functional similarity despite 10-times turnover

  • In Favour of Assessee
  • Citation Number : TS-1044-ITAT-2016(Bang)-TP
  • Tax Payer : NovellSoftware Development (Ind.)Pvt.Ltd
Income tax Appellate Tribunal

ITAT: Rejects Cosmic Global's exclusion absent financial statements indicating outsourcing of work

  • In Favour of Both, Partially
  • Citation Number : TS-1043-ITAT-2016(Bang)-TP
  • Tax Payer : Control Component India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants stay to Arrow Electronics as 50% of disputed demand already paid

  • In Favour of Assessee
  • Citation Number : TS-1042-ITAT-2016(Bang)-TP
  • Tax Payer : Arrow Electronics India P Ltd
Income tax Appellate Tribunal

ITAT: Directs application of 15% RPT-filter and turnover filter of 10 times assessee’s turnover

  • In Favour of Revenue
  • Citation Number : TS-1041-ITAT-2016(Bang)-TP
  • Tax Payer : Shipara Technologies Ltd
Income tax Appellate Tribunal

ITAT: Allows withdrawal of assessee’s transfer pricing grounds considering MAP resolution

  • In Favour of Assessee
  • Citation Number : TS-1039-ITAT-2016(Bang)-TP
  • Tax Payer : Hewlett Packard (India) Software Operation Pvt. Ltd
Income tax Appellate Tribunal

ITAT:DRP empowered to make disallowance under different provisions despite TP-adjustment deletion

  • In Favour of Both, Partially
  • Citation Number : TS-1038-ITAT-2016(Bang)-TP
  • Tax Payer : Epsillon Real Estate Private Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s appeal on TP-issues as violating CBDT circular on pecuniary limit

  • In Favour of Assessee
  • Citation Number : TS-1037-ITAT-2016(Bang)-TP
  • Tax Payer : Curam Software International Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables citing functional dissimilarity, turnover filter and Intangible ownership

  • In Favour of Assessee
  • Citation Number : TS-1036-ITAT-2016(Bang)-TP
  • Tax Payer : Broadcom India Research Pvt Ltd
Income tax Appellate Tribunal

ITAT: Includes comparable with 74.5% R&D income; Ignores marginal difference from 75% benchmark

  • In Favour of Assessee
  • Citation Number : TS-1035-ITAT-2016(Bang)-TP
  • Tax Payer : Apotex Research Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Nike's cricket sponsorship caught in TP net; Cost-sharing with AE an international transaction

  • In Favour of Both, Partially
  • Citation Number : TS-1034-ITAT-2016(Bang)-TP
  • Tax Payer : Nike India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds DRP-order excluding 7 comparables citing functional-dissimilarity, absence of segmental data

  • In Favour of Assessee
  • Citation Number : TS-1033-ITAT-2016(Bang)-TP
  • Tax Payer : Arcot R & D Software Pvt Ltd
Income tax Appellate Tribunal

ITAT: Includes expenses reimbursement in cost-base despite no mark-up or P&L debit

  • In Favour of Both, Partially
  • Citation Number : TS-1032-ITAT-2016(Bang)-TP
  • Tax Payer : AXA Business Services Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects upper cap on working capital adjustment, directs adjustment on actual basis

  • In Favour of Assessee
  • Citation Number : TS-1031-ITAT-2016(Bang)-TP
  • Tax Payer : Brocade Communications Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: CIT(A) not empowered to set aside issues to TPO

  • In Favour of Both, Partially
  • Citation Number : TS-1030-ITAT-2016(Bang)-TP
  • Tax Payer : Cypress Semiconductor Technology India Pvt Ltd