Rulings ( 11992 results )

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High Court

HC: Brand promotion expenditure deductible despite parent company ownership, cites Trademark law provisions

  • In Favour of Assessee
  • Citation Number : TS-1029-HC-2016(DEL)-TP
  • Tax Payer : Seagram Manufacturing Private Ltd
Income tax Appellate Tribunal

ITAT: Rejects internal-TNMM based on 'insignificant' non-AE sales; Denies capacity adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-1028-ITAT-2016(COCH)-TP
  • Tax Payer : FCI OEN Connectors Ltd
Income tax Appellate Tribunal

ITAT: Discharges Hazira LNG from 'impossible' CUP burden; Govt. cos survive RPT filter

  • In Favour of Assessee
  • Citation Number : TS-1027-ITAT-2016(Ahd)-TP
  • Tax Payer : Hazira LNG Private Limited
Income tax Appellate Tribunal

ITAT: Allows capacity, volume & warranty cost adjustments; Upholds TP-adjustment on commission income

  • In Favour of Both, Partially
  • Citation Number : TS-1059-ITAT-2016(Ahd)-TP
  • Tax Payer : Erhardt+Leimer India Private Limited
Income tax Appellate Tribunal

ITAT: Allows aggregation of transactions considering case history; Deletes TP-adjustment under internal CUP

  • In Favour of Assessee
  • Citation Number : TS-1026-ITAT-2016(Ahd)-TP
  • Tax Payer : Gulbrandsen Chemicals Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables citing outsourcing of work, merger during year & high-end services

  • In Favour of Both, Partially
  • Citation Number : TS-1025-ITAT-2016(Ahd)-TP
  • Tax Payer : Lubrizol Advanced Materials India Private Limited
Income tax Appellate Tribunal

ITAT: Remits ALP-determination of service from AE absent substantiation as to service rendition

  • In Favour of Both, Partially
  • Citation Number : TS-1024-ITAT-2016(CHNY)-TP
  • Tax Payer : Control Techniques India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 5 comparables for ITES-provider; Remits working-capital adjustment computation

  • In Favour of Assessee
  • Citation Number : TS-1023-ITAT-2016(HYD)-TP
  • Tax Payer : BA Continuum India Private Limited
Income tax Appellate Tribunal

ITAT:Upholds CIT(A)-order on filters following earlier orders, rejects loss-making/super profit comparables

  • In Favour of Both, Partially
  • Citation Number : TS-1022-ITAT-2016(HYD)-TP
  • Tax Payer : Hello Soft India P. Ltd
Income tax Appellate Tribunal

ITAT:Upholds CIT(A) order deleting documentation penalty u/s271AA, follows Pentasoft Technologies ruling

  • In Favour of Assessee
  • Citation Number : TS-1021-ITAT-2016(CHNY)-TP
  • Tax Payer : Autoneum Nittoku Sound Proof Products India Private Limited
Income tax Appellate Tribunal

ITAT:Upholds CUP-method for benchmarking broking-services; Rejects assessee's volume adjustment claim

  • In Favour of Revenue
  • Citation Number : TS-1020-ITAT-2016(Mum)-TP
  • Tax Payer : RBS Equities India Ltd
Income tax Appellate Tribunal

ITAT: Remits interest benchmarking on loan to AE, considers assessee’s submissions on LIBOR

  • In Favour of Both, Partially
  • Citation Number : TS-1019-ITAT-2016(Bang)-TP
  • Tax Payer : Sasken Communication Technologies Ltd
Income tax Appellate Tribunal

ITAT: Refuses to condone assessee’s appeal filing delay against CIT(A) order confirming TP-adjustment

  • In Favour of Revenue
  • Citation Number : TS-1018-ITAT-2016(Bang)-TP
  • Tax Payer : Molex India Tooling Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes concealment penalty; Assessee demonstrated good faith & due diligence in ALP-computation

  • In Favour of Assessee
  • Citation Number : TS-1017-ITAT-2016(Mum)-TP
  • Tax Payer : Del Monte Foods India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Includes advance from AE for working capital adjustment considering bearing on profitability

  • In Favour of Both, Partially
  • Citation Number : TS-1016-ITAT-2016(Bang)-TP
  • Tax Payer : CGI Information System & Management Consultant Pvt Ltd
Income tax Appellate Tribunal

ITAT:Company providing anti-money laundering services functionally different from support-services provider

  • In Favour of Assessee
  • Citation Number : TS-1015-ITAT-2016(CHNY)-TP
  • Tax Payer : Watanmal India Pvt Ltd
Income tax Appellate Tribunal

ITAT:Rejects profit-attribution to Mauritian company considering arm's length remuneration to Indian subsidiary

  • In Favour of Assessee
  • Citation Number : TS-1014-ITAT-2016(Mum)-TP
  • Tax Payer : Taj TV Ltd
High Court

HC: Allows adjustment in comparables’ margin considering strike in assessee company

  • In Favour of Both, Partially
  • Citation Number : TS-1013-HC-2016(P & H)-TP
  • Tax Payer : Honda Motorcycle & Scooters India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects DRP-direction for ALP-computation considering 2 comparables; ‘Reasonable’ comparables set required under TNMM

  • In Favour of Assessee
  • Citation Number : TS-1012-ITAT-2016(HYD)-TP
  • Tax Payer : Worley Parsons India Pvt Ltd
High Court

HC:ITAT observations rejecting pass-through cost exclusions not binding / conclusive for later years

  • In Favour of Both, Partially
  • Citation Number : TS-1011-HC-2016(DEL)-TP
  • Tax Payer : Fritidsresor Tours & Travels India Pvt Ltd