Updates ( 9073 results )

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ITAT: Dismisses Revenue's appeal challenging CIT(A)'s remand-back, directs exclusion of functionally dissimilar companies

  • In Favour of Both, Partially
  • Citation Number : TS-287-ITAT-2016(Bang)-TP
  • Tax Payer : INtellinet Technologies India Pvt Ltd

ITAT: Remits TP-adjustment to AO for adopting CUP method as directed by DRP

  • In Favour of Both, Partially
  • Citation Number : TS-285-ITAT-2016(HYD)-TP
  • Tax Payer : Alumeco India Extrusion Limited

ITAT: Expenses allowability under AO's exclusive domain, remits issue of intra-group charges

  • In Favour of Both, Partially
  • Citation Number : TS-283-ITAT-2016(DEL)-TP
  • Tax Payer : Voith Siemens Hydro Private Ltd

ITAT: Deletes TP-addition on sale to AE; TPO’s ALP within 5% tolerance range

  • In Favour of Assessee
  • Citation Number : TS-282-ITAT-2016(Mum)-TP
  • Tax Payer : Kashikey Diamonds India P Ltd

ITAT: Remits service characterization whether software development or R&D; Follows earlier

  • In Favour of Both, Partially
  • Citation Number : TS-280-ITAT-2016(Mum)-TP
  • Tax Payer : Polycom Technology (R&D) Centre Private Limited

ITAT: Rules on comparables selection for software development and sales support segments; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-279-ITAT-2016(Bang)-TP
  • Tax Payer : Electronics for Imaging India Pvt Ltd

ITAT: Excludes 12 comparables for software-developer; Follows Kodiak ITAT-ruling as facts identical

  • In Favour of Assessee
  • Citation Number : TS-278-ITAT-2016(Bang)-TP
  • Tax Payer : Electronics for Imaging India Pvt Ltds

HC:Refrains from adjudicating appeal absent territorial jurisdiction; Follows Motorola, Parabolic Drugs rulings

  • In Favour of Both, Partially
  • Citation Number : TS-276-HC-2016(P & H)-TP
  • Tax Payer : ITW India Limited

HC: Confirms ITAT following Li& Fung; Adjustments towards location savings, human & supply-chain intangibles unsustainable

  • In Favour of Assessee
  • Citation Number : TS-275-HC-2016(DEL)-TP
  • Tax Payer : Marubeni Itochu Steel P Ltd

ITAT: Remits MAM-selection for software developer absent reasoning for TPO’s deviation from earlier-TNMM

  • In Favour of Both, Partially
  • Citation Number : TS-274-ITAT-2016(Mum)-TP
  • Tax Payer : Xoriant Solutions P Ltd

ITAT: Remits capacity utilization adjustment granted without basis; Directs passing of speaking order

  • In Favour of Both, Partially
  • Citation Number : TS-271-ITAT-2016(PUN)-TP
  • Tax Payer : INA Bearings India Pvt Ltd

ITAT: Excludes 2 functionally dissimilar comparables for software development provider; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-270-ITAT-2016(Bang)-TP
  • Tax Payer : Witness Systems Software India Pvt Ltd

ITAT: Remits royalty issue to follow earlier-order; Rejects TPO's contradictory views on identical issue

  • In Favour of Assessee
  • Citation Number : TS-267-ITAT-2016(Bang)-TP
  • Tax Payer : Toyota Kirloskar Auto Parts Pvt. Ltd

ITAT: Rejects support services re-characterization as trading for Sogo Shosha entity; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-266-ITAT-2016(DEL)-TP
  • Tax Payer : Mitsui & Co. India Pvt Ltd

HC:Considers AO’s rectification order incorporating TP-adjustment; Remands TP-issue to ITAT

  • In Favour of Revenue
  • Citation Number : TS-263-HC-2016(DEL)-TP
  • Tax Payer : SIS Live

ITAT: Can't include expenditure when AMC income excluded for wind turbine generator business

  • In Favour of Both, Partially
  • Citation Number : TS-261-ITAT-2016(CHNY)-TP
  • Tax Payer : Vestas Wind Technology India Pvt. Ltd

ITAT: Grants stay; AMC-charges part of operating revenue for wind turbine generator business

  • In Favour of Assessee
  • Citation Number : TS-260-ITAT-2016(CHNY)-TP
  • Tax Payer : Vestas Wind Technology India Pvt Ltd

ITAT: Dismisses Revenue’s appeal, upholds DRP’s exclusion of AE reimbursements while computing TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-259-ITAT-2016(Bang)-TP
  • Tax Payer : Trianz Holdings Pvt Ltd

ITAT: Deletes TP-adjustment, mark-up on advertisement expenses not necessary absent service element

  • In Favour of Assessee
  • Citation Number : TS-258-ITAT-2016(Bang)-TP
  • Tax Payer : Citizen Watches (India) Pvt Ltd

ITAT: Accepts 15% RPT-filter, remits comparability as exclusion not argued before lower authorities

  • In Favour of Assessee
  • Citation Number : TS-257-ITAT-2016(Bang)-TP
  • Tax Payer : Novell Software Development (India) P Ltd