Rulings ( 11992 results )

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Income tax Appellate Tribunal

ITAT: Grants stay of Rs. 1.69 cr subject to Rs. 40 lacs payment in two installments

  • In Favour of Assessee
  • Citation Number : TS-990-ITAT-2016(Bang)-TP
  • Tax Payer : Softtek India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants stay extension; Delay in appeal disposal not attributable to assessee

  • In Favour of Assessee
  • Citation Number : TS-989-ITAT-2016(Bang)-TP
  • Tax Payer : Business Process Outsourcing India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes location saving & environment cost saving adjustments, cites OECD BEPS Guidance

  • In Favour of Assessee
  • Citation Number : TS-988-ITAT-2016(Mum)-TP
  • Tax Payer : Syngenta India Ltd
Income tax Appellate Tribunal

ITAT: Excludes 17 comparables following judicial precedents; Grants risk-adjustment to captive service provider

  • In Favour of Assessee
  • Citation Number : TS-987-ITAT-2016(Bang)-TP
  • Tax Payer : Sharp Software Development India P Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A) order considering foreign exchange gain as operating; Follows earlier ruling

  • In Favour of Assessee
  • Citation Number : TS-986-ITAT-2016(Bang)-TP
  • Tax Payer : Electronics for Imaging India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes IT/ITeS comparables on grounds of functional dissimilarity, 10 times turnover range

  • In Favour of Assessee
  • Citation Number : TS-985-ITAT-2016(Bang)-TP
  • Tax Payer : Tesco Hindustan Service Centre Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar comparables for software developer; Applies 10 times turnover range

  • In Favour of Assessee
  • Citation Number : TS-984-ITAT-2016(Bang)-TP
  • Tax Payer : ACI Worldwide Solutions P Ltd
Income tax Appellate Tribunal

ITAT:Rejects stay extension; Grants early hearing while directing TPO against coercive action

  • In Favour of Assessee
  • Citation Number : TS-983-ITAT-2016(Bang)-TP
  • Tax Payer : Faurecia Automotive Seating India P Ltd
Income tax Appellate Tribunal

ITAT: Excludes 4 functional dissimilar comparables for ITeS provider; Follows e4e decision

  • In Favour of Assessee
  • Citation Number : TS-982-ITAT-2016(Bang)-TP
  • Tax Payer : Flextronics Technologies (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Segmental info necessary for applying 75 services revenue filter; Remits issue to TPO

  • In Favour of Assessee
  • Citation Number : TS-981-ITAT-2016(HYD)-TP
  • Tax Payer : Palred Technologies Ltd (Formerly known as Four Soft Ltd)
Income tax Appellate Tribunal

ITAT: Granting assessee one week for furnishing information indicates haste, admits additional evidence

  • In Favour of Assessee
  • Citation Number : TS-980-ITAT-2016(Ahd)-TP
  • Tax Payer : Ascence Inc (India branch)
Income tax Appellate Tribunal

ITAT: Remands TP-issue for applying employee-cost filter, follows Ness Technologies decision

  • In Favour of Assessee
  • Citation Number : TS-979-ITAT-2016(CHNY)-TP
  • Tax Payer : Williams Lea India Private Limited
Income tax Appellate Tribunal

ITAT: Rejects comparables having low / negative margin as against assessee’s 27.94% net margin

  • In Favour of Both, Partially
  • Citation Number : TS-978-ITAT-2016(CHNY)-TP
  • Tax Payer : J&B Software India P Ltd
Income tax Appellate Tribunal

ITAT: Partially allows assessee's claim for +/-5% variation benefit; Follows Mainetti India decision

  • In Favour of Assessee
  • Citation Number : TS-977-ITAT-2016(CHNY)-TP
  • Tax Payer : Ashok Leyland Limited
High Court

HC: Can't decide Big 4 accounting firm's AE relationship in writ; Nomenclature not decisive

  • In Favour of Revenue
  • Citation Number : TS-976-HC-2016(CAL)-TP
  • Tax Payer : Price Water House and Lovelock & Lewes
Income tax Appellate Tribunal

ITAT: Remits comparability issue to DRP in light of ITAT observations for earlier year

  • In Favour of Both, Partially
  • Citation Number : TS-975-ITAT-2016(DEL)-TP
  • Tax Payer : Equant Solutions India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adjudicates comparables' selection for engineering services; Strict product similarity unnecessary under TNMM

  • In Favour of Both, Partially
  • Citation Number : TS-974-ITAT-2016(CHNY)-TP
  • Tax Payer : Saipem India Projects Limited
Income tax Appellate Tribunal

ITAT:Dismisses assessee's appeal; Notes DRP's direction on consistent stand for excluding/including income

  • In Favour of Revenue
  • Citation Number : TS-973-ITAT-2016(Mum)-TP
  • Tax Payer : Radiant Plastic Industries Pvt. Ltd
Income tax Appellate Tribunal

ITAT:Confines comparable selection to gaming sector for software-developer, however, rejects international comparables

  • In Favour of Both, Partially
  • Citation Number : TS-972-ITAT-2016(HYD)-TP
  • Tax Payer : Gameloft Software Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits adjustment for non-operating cost to CIT(A) absent details on record

  • In Favour of Both, Partially
  • Citation Number : TS-971-ITAT-2016(Bang)-TP
  • Tax Payer : Telelogic India Pvt Ltd