Rulings ( 12002 results )

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Income tax Appellate Tribunal

ITAT:Assuming TPO’s power under the garb of making disallowance u/s 37(1) impermissible

  • In Favour of Assessee
  • Citation Number : TS-496-ITAT-2016(DEL)-TP
  • Tax Payer : YKK India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes intragroup services TP-adjustment; Corresponding reduction in ITeS-markup results in base erosion

  • In Favour of Assessee
  • Citation Number : TS-495-ITAT-2016(DEL)-TP
  • Tax Payer : Mercer Consulting India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Technical support fees paid to AE, not sham transaction; Remits ALP determination

  • In Favour of Assessee
  • Citation Number : TS-494-ITAT-2016(HYD)-TP
  • Tax Payer : IWM Constructions (P) Ltd
High Court

HC: Espouses principles for Berry ratio application, effective only for “stripped–down distributors”

  • In Favour of Both, Partially
  • Citation Number : TS-493-HC-2016(DEL)-TP
  • Tax Payer : Sumitomo Corporation India Pvt Ltd
Income tax Appellate Tribunal

ITAT: RBI-approved royalty payment at ALP considering Circular No. 5; Follows SGS India HC-ruling

  • In Favour of Assessee
  • Citation Number : TS-489-ITAT-2016(Mum)-TP
  • Tax Payer : Dow Agrosciences India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Payment for outsourcing to local affiliate by Indian-assessee not 'pass-through' for AE benchmarking

  • In Favour of Both, Partially
  • Citation Number : TS-488-ITAT-2016(CHNY)-TP
  • Tax Payer : Lason India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Revised Form 3CEB filed before assessment completion cannot be ignored for ALP-determination

  • In Favour of Both, Partially
  • Citation Number : TS-487-ITAT-2016(CHNY)-TP
  • Tax Payer : Ashok Leyland Limited
High Court

HC: Confirms ITAT orders on selection of comparables for benchmarking engineering support services

  • In Favour of Assessee
  • Citation Number : TS-482-HC-2016(DEL)-TP
  • Tax Payer : Bechtel India Ltd
Income tax Appellate Tribunal

ITAT:Can't restrict capacity adjustment only to depreciation, considering other fixed costs necessary

  • In Favour of Both, Partially
  • Citation Number : TS-481-ITAT-2016(DEL)-TP
  • Tax Payer : Calsonic Kansel Motherson Products Ltd
Income tax Appellate Tribunal

ITAT: Reiterates principles for comparables selection; Rebukes tendency to ‘blindly’ follow precedents

  • In Favour of Both, Partially
  • Citation Number : TS-480-ITAT-2016(DEL)-TP
  • Tax Payer : Virage Logic International India
Income tax Appellate Tribunal

ITAT:Remits ALP-determination; Follows earlier-order wherein TNMM upheld over RPM for non-trader/ distributor

  • In Favour of Both, Partially
  • Citation Number : TS-479-ITAT-2016(Bang)-TP
  • Tax Payer : Cisco Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds TPO’s TNMM over assessee's CPM/CUP for benchmarking software development services

  • In Favour of Both, Partially
  • Citation Number : TS-477-ITAT-2016(Bang)-TP
  • Tax Payer : Mercedes Benz Research & Development India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment, excludes 5 comparable due to functional dissimilarity

  • In Favour of Both, Partially
  • Citation Number : TS-476-ITAT-2016(Bang)-TP
  • Tax Payer : Infinera India Pvt Ltd
Supreme Court

SC:Govt. undertakes to 'abide' by MAT circular/press release in Castleton case

  • In Favour of Revenue
  • Citation Number : TS-674-SC-2015-TP
  • Tax Payer : Castleton Investment Ltd
Income tax Appellate Tribunal

ITAT:Restores support services TP-issue back to DRP for passing of speaking order

  • In Favour of Both, Partially
  • Citation Number : TS-475-ITAT-2016(Mum)-TP
  • Tax Payer : Munich Re India Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs expeditious disposal of rectification application on AE-balances write-off; Remits royalty transaction

  • In Favour of Both, Partially
  • Citation Number : TS-474-ITAT-2016(Mum)-TP
  • Tax Payer : SABMiller India Ltd
Income tax Appellate Tribunal

ITAT:+/-5 benefit to be granted only if variation within tolerance-margin; Remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-473-ITAT-2016(Bang)-TP
  • Tax Payer : Novo Nordisk India Pvt Ltd
High Court

HC: Confirms TP-adjustment deletion accepting changed royalty payment basis under liberalized FEMA-policy

  • In Favour of Assessee
  • Citation Number : TS-472-HC-2016(DEL)-TP
  • Tax Payer : Oracle India Pvt Ltd
High Court

HC:Ties Revenue to facts, leaves open Sec 92B applicability to global-M&A triggered domestic transaction

  • In Favour of Assessee
  • Citation Number : TS-471-HC-2016(BOM)-TP
  • Tax Payer : Kodak India Pvt Ltd
High Court

HC: Extends stay on reassessment notice; Directs AO to consider jurisdiction issue u/s 92CA(2C)

  • In Favour of Both, Partially
  • Citation Number : TS-470-HC-2016(BOM)-TP
  • Tax Payer : Amore Jewels Pvt Ltd