Rulings ( 11992 results )

Filters
Income tax Appellate Tribunal

ITAT:Excludes comparables relying on earlier year rulings; Applies 10 times turnover filter

  • In Favour of Assessee
  • Citation Number : TS-1010-ITAT-2016(Bang)-TP
  • Tax Payer : Broadcom India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables due to functional dissimilarity & application of 10 times turnover filter

  • In Favour of Both, Partially
  • Citation Number : TS-1009-ITAT-2016(Bang)-TP
  • Tax Payer : Cypress Semiconductors Technology India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s selective plea for excluding low turnover comparable; Follows Nortel HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-1008-ITAT-2016(Mum)-TP
  • Tax Payer : Golawala Diamonds
High Court

HC: Confirms ITAT’s exclusion of functionally different comparables although originally included in TP-study

  • In Favour of Assessee
  • Citation Number : TS-1007-HC-2016(BOM)-TP
  • Tax Payer : Tata Power Solar Systems Ltd
Income tax Appellate Tribunal

ITAT: Dismisses stay petition considering disposal of main appeal

  • In Favour of Assessee
  • Citation Number : TS-1006-ITAT-2016(Bang)-TP
  • Tax Payer : Lenovo India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables for ITeS provider, allows working-capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-1005-ITAT-2016(HYD)-TP
  • Tax Payer : BA Continuum India Private Limited
Income tax Appellate Tribunal

ITAT: Directs TPO to compute operating margin before depreciation for assessee & comparables

  • In Favour of Assessee
  • Citation Number : TS-1004-ITAT-2016(HYD)-TP
  • Tax Payer : Cambridge Technology Enterprises Ltd
Income tax Appellate Tribunal

ITAT:Bright line test applicability to brand promotion expenditure debatable; Deletes concealment penalty

  • In Favour of Assessee
  • Citation Number : TS-1003-ITAT-2016(CHNY)-TP
  • Tax Payer : Panasonic India Pvt Ltd
Foreign Court

FC: 45 key takeaways from European Commission's Apple State aid ruling

  • In Favour of Revenue
  • Citation Number : TS-1130-FC-2016(IRL)-TP
  • Tax Payer : Apple
Income tax Appellate Tribunal

ITAT: Remits all issues to DRP for fresh consideration absent proper adjudication

  • In Favour of Assessee
  • Citation Number : TS-1002-ITAT-2016(CHNY)-TP
  • Tax Payer : Doosan Power Systems India Pvt Limited
Income tax Appellate Tribunal

ITAT: TPO to follow DRP-instructions directing comparable inclusion despite higher working capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-1001-ITAT-2016(Bang)-TP
  • Tax Payer : Symbol Technologies India Pvt Ltd
High Court

HC:Confirms ITAT-order deleting TP-adjustment; Sec153A proceedings invalid absent incriminating material

  • In Favour of Assessee
  • Citation Number : TS-1000-HC-2016(DEL)-TP
  • Tax Payer : Baba Global Ltd
Income tax Appellate Tribunal

ITAT:Quashes assessment, AO crystallized demand before passing draft-order as per Sec 144C provisions

  • In Favour of Assessee
  • Citation Number : TS-998-ITAT-2016(PUN)-TP
  • Tax Payer : Soktas India Pvt Ltd
Foreign Court

FC: EC releases Apple state aid ruling

  • In Favour of Revenue
  • Citation Number : TS-1129-FC-2016(IRL)-TP
  • Tax Payer : Apple
Income tax Appellate Tribunal

ITAT: Remuneration model change not 'business restructuring'; Upholds KPO-characterization considering value addition

  • In Favour of Both, Partially
  • Citation Number : TS-997-ITAT-2016(DEL)-TP
  • Tax Payer : McKinsey Knowledge Centre Pvt Ltd
Income tax Appellate Tribunal

ITAT: Benchmark of 15%/25% for RPT/Employee cost filters not water-tight compartment

  • In Favour of Both, Partially
  • Citation Number : TS-996-ITAT-2016(Bang)-TP
  • Tax Payer : Tesco Hindustan Service Centre Pvt Ltd
Income tax Appellate Tribunal

ITAT:Excludes company organizing exhibitions/ events as comparable for support service, follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-995-ITAT-2016(Bang)-TP
  • Tax Payer : Brocade Communication Systems Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal, TP-adjustment of diamond exporter restricted to transactions with AEs

  • In Favour of Assessee
  • Citation Number : TS-994-HC-2016(BOM)-TP
  • Tax Payer : Bhansali & Co
Income tax Appellate Tribunal

ITAT: Upholds Nil-ALP for management fees as service rendition unsubstantiated; Considers Evidence-Act provisions

  • In Favour of Revenue
  • Citation Number : TS-993-ITAT-2016(Bang)-TP
  • Tax Payer : Volvo India Private Limited
Income tax Appellate Tribunal

ITAT: Extends stay for Google India for AY 2009-10 to 2011-12 for 1 month

  • In Favour of Assessee
  • Citation Number : TS-991-ITAT-2016(Bang)-TP
  • Tax Payer : Google India Private Limited