Rulings ( 11993 results )

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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
Income tax Appellate Tribunal

ITAT: Excludes Thirdware Solution as comparable; AO to give effect to DRP-directions

  • In Favour of Both, Partially
  • Citation Number : TS-970-ITAT-2016(Ahd)-TP
  • Tax Payer : I-Many Software Pvt Ltd
Income tax Appellate Tribunal

ITAT: Benchmarks interest free loan at LIBOR +2% following earlier orders

  • In Favour of Assessee
  • Citation Number : TS-969-ITAT-2016(Mum)-TP
  • Tax Payer : S B & T International Ltd
High Court

HC: Confirms ITAT’s exclusion of comparables outsourcing substantial part (>40) of business

  • In Favour of Assessee
  • Citation Number : TS-968-HC-2016(P & H)-TP
  • Tax Payer : IHG IT Services (India) Pvt Ltd
High Court

HC: Dismisses Revenue's appeal, ITAT-order deleting TP-adjustment on sourcing activity 'intensive & exhaustive'

  • In Favour of Assessee
  • Citation Number : TS-967-HC-2016(DEL)-TP
  • Tax Payer : Bestseller United India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment considering 5 benefit; International transactions' value relevant, not total turnover

  • In Favour of Assessee
  • Citation Number : TS-965-ITAT-2016(Ahd)-TP
  • Tax Payer : Liquid Controls India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects prior-period interest claim on overdue AE-payables; EU Directives inapplicable to Indian-assessee

  • In Favour of Revenue
  • Citation Number : TS-964-ITAT-2016(CHNY)-TP
  • Tax Payer : ZF Wind Power Coimbatore Pvt Ltd
Income tax Appellate Tribunal

ITAT:Upholds TP-adjustment on brand promotion expenses for Indonesian-AE, rejects economic ownership plea

  • In Favour of Both, Partially
  • Citation Number : TS-963-ITAT-2016(CHNY)-TP
  • Tax Payer : TVS Motor Company Ltd
High Court

HC: Confirms ITAT order deleting TP-addition on delayed AE-receivables, considers Indo American HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-962-HC-2016(BOM)-TP
  • Tax Payer : Livingstones
High Court

HC: Directs ITAT to expedite Singapore-based company’s appeal considering winding-up proceedings

  • In Favour of Assessee
  • Citation Number : TS-961-HC-2016(DEL)-TP
  • Tax Payer : Nortel Networks Singapore Pte Ltd
Income tax Appellate Tribunal

ITAT:Quashes assessment order based on time-barred notice u/s143(2); Rejects Revenue’s estoppel plea

  • In Favour of Assessee
  • Citation Number : TS-960-ITAT-2016(Mum)-TP
  • Tax Payer : Standard Chartered Finance Ltd
High Court

HC: Dismisses Revenue’s appeal on comparables’ exclusion, refuses to condone appeal filing delay

  • In Favour of Assessee
  • Citation Number : TS-959-HC-2016(DEL)-TP
  • Tax Payer : Premier Exploration Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Sets aside CIT(A) order; Adopting CUP method despite acknowledging product differences inappropriate

  • In Favour of Assessee
  • Citation Number : TS-958-ITAT-2016(HYD)-TP
  • Tax Payer : Euroflex Transmissions India P Ltd
Income tax Appellate Tribunal

ITAT: Absence of TP-adjustment on AE-expenditure reimbursement indicates transaction genuineness, deletes Sec. 10A disallowance

  • In Favour of Assessee
  • Citation Number : TS-957-ITAT-2016(HYD)-TP
  • Tax Payer : Value Momentum Software Services P Ltd
Income tax Appellate Tribunal

ITAT: Includes comparable following calendar year accounting, assessee to furnish compiled financial-year data

  • In Favour of Both, Partially
  • Citation Number : TS-956-ITAT-2016(CHNY)-TP
  • Tax Payer : RR Donnelley India Outsource Pvt Ltd
Income tax Appellate Tribunal

ITAT:DRP to pass speaking order on profit attribution to Indian-PE of German-assessee

  • In Favour of Assessee
  • Citation Number : TS-955-ITAT-2016(CHNY)-TP
  • Tax Payer : Durr Systems Gmbh
Income tax Appellate Tribunal

ITAT: Remits adjustment towards interest on delayed AE-receivables to examine credit-period to non-AE

  • In Favour of Both, Partially
  • Citation Number : TS-954-ITAT-2016(Mum)-TP
  • Tax Payer : Shrenuj Gems & Jewellery Ltd
Income tax Appellate Tribunal

ITAT: Deletes Rs.3.19cr TP-adjustment on AE-expenditure reimbursement, no profit-element involved

  • In Favour of Assessee
  • Citation Number : TS-953-ITAT-2016(Mum)-TP
  • Tax Payer : Ness Technologies India Private Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s appeal against ex-party DRP order; Remits TP-issues for fresh consideration

  • In Favour of Assessee
  • Citation Number : TS-952-ITAT-2016(COCH)-TP
  • Tax Payer : Delphi Connection Systems India P Ltd
High Court

HC: Quashes TPO-reference on SDT; AO to pass speaking order on assessee's objection

  • In Favour of Assessee
  • Citation Number : TS-950-HC-2016(GUJ)-TP
  • Tax Payer : Alpha Nipon Innovatives Ltd