Rulings ( 11516 results )
High Court
HC: Appeal by amalgamated company maintainable in jurisdiction of assessment proceedings
Aug 29, 2023
- In Favour of Revenue
- Citation Number : TS-520-HC-2023(MAD)-TP
- Tax Payer : Cognizant Technology Solutions India P. Ltd
Income tax Appellate Tribunal
ITAT: Remits TP-adjustment towards abnormal power cost, forex fluctuations
Aug 28, 2023
- In Favour of Both, Partially
- Citation Number : TS-516-ITAT-2023(CHNY)-TP
- Tax Payer : HSI Automotive Private Limited
Income tax Appellate Tribunal
ITAT: Deletes AMP-adjustment in case of Amadeus India, follows earlier orders
Aug 28, 2023
- In Favour of Assessee
- Citation Number : TS-517-ITAT-2023(DEL)-TP
- Tax Payer : Amadeus India Pvt. Ltd.
Income tax Appellate Tribunal
ITAT: Upholds working capital adjustment basis availed credit period instead of agreed credit period
Aug 25, 2023
- In Favour of Both, Partially
- Citation Number : TS-514-ITAT-2023(CHNY)-TP
- Tax Payer : Woosu Automotive India Private Ltd
Income tax Appellate Tribunal
ITAT: Remits TP-adjustments qua inter-SEZ unit transaction, delayed receivables; Follows earlier orders
Aug 25, 2023
- In Favour of Both, Partially
- Citation Number : TS-515-ITAT-2023(Bang)-TP
- Tax Payer : Wipro Limited
Income tax Appellate Tribunal
ITAT: Invalidates assessment order passed in the name of amalgamated company; Follows precedents
Aug 24, 2023
- In Favour of Assessee
- Citation Number : TS-512-ITAT-2023(Mum)-TP
- Tax Payer : Aptar Pharma India Pvt Ltd
High Court
HC: Dismisses Revenue’s appeal against deletion of AMP adjustment in Xerox India's case
Aug 24, 2023
- In Favour of Assessee
- Citation Number : TS-513-HC-2023(DEL)-TP
- Tax Payer : Xerox India Ltd
Income tax Appellate Tribunal
ITAT: Upholds CUP, remits ALP determination qua royalty; Disregards internal CUP citing controlled transaction
Aug 23, 2023
- In Favour of Both, Partially
- Citation Number : TS-510-ITAT-2023(Mum)-TP
- Tax Payer : Cabot India Ltd
Income tax Appellate Tribunal
ITAT: Rejects NIL ALP qua payment of export commission and model fee, follows precedents
Aug 23, 2023
- In Favour of Assessee
- Citation Number : TS-511-ITAT-2023(DEL)-TP
- Tax Payer : Honda Motorcycle and Scooters India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Excludes comparables under SWD segment citing functional dissimilarity, high turnover; Follows precedents
Aug 22, 2023
- In Favour of Both, Partially
- Citation Number : TS-508-ITAT-2023(Bang)-TP
- Tax Payer : Continental Automotive Components India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Quashes final assessment-order framed beyond time-limit; Follows precedent
Aug 22, 2023
- In Favour of Assessee
- Citation Number : TS-509-ITAT-2023(Ahd)-TP
- Tax Payer : Astra Specialty Compounds India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Holds assessment set aside in earlier order, AO to adopt Sec.144C procedure afresh
Aug 21, 2023
- In Favour of Assessee
- Citation Number : TS-507-ITAT-2023(CHNY)-TP
- Tax Payer : CET Power Solutions India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Aggregates 3 divisions basis functions performed, personnel cost; Rules on comparables
Aug 21, 2023
- In Favour of Both, Partially
- Citation Number : TS-506-ITAT-2023(Mum)-TP
- Tax Payer : Emerson Electric Company (India) P Ltd
Income tax Appellate Tribunal
ITAT: Partly allows assessee’s plea wrt comparables; Dismisses grounds covered under MAP
Aug 17, 2023
- In Favour of Both, Partially
- Citation Number : TS-504-ITAT-2023(Mum)-TP
- Tax Payer : Juniper Networks India Private Limited
Income tax Appellate Tribunal
ITAT: Directs adoption of segmental details; Restricts corporate guarantee commission @ 0.50%
Aug 17, 2023
- In Favour of Both, Partially
- Citation Number : TS-505-ITAT-2023(Bang)-TP
- Tax Payer : Trianz Holdings Pvt Ltd
Income tax Appellate Tribunal
ITAT: Excludes, remits comparables; Grants working capital adjustment
Aug 16, 2023
- In Favour of Both, Partially
- Citation Number : TS-502-ITAT-2023(Bang)-TP
- Tax Payer : Exxonmobil Services and Technology Pvt Ltd
Income tax Appellate Tribunal
ITAT: Allows deduction, notes 'open market value' u/s.80-IA(8) identical to 'ALP' u/s.92BA
Aug 16, 2023
- In Favour of Both, Partially
- Citation Number : TS-503-ITAT-2023(JPR)-TP
- Tax Payer : Shree Cement Limited
Income tax Appellate Tribunal
ITAT: Allows assessee’s miscellaneous petition wrt margin computation, remits comparable exclusion
Aug 14, 2023
- In Favour of Assessee
- Citation Number : TS-501-ITAT-2023(Bang)-TP
- Tax Payer : AstraZeneca Pharma India Ltd
High Court
HC: Upholds ITAT’s deletion of BLT based AMP adjustment for Yakult Danone
Aug 14, 2023
- In Favour of Assessee
- Citation Number : TS-500-HC-2023(DEL)-TP
- Tax Payer : Yakult Danone India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Excludes comparables basis functional dissimilarity; Rejects working capital adjustment for captive unit
Aug 11, 2023
- In Favour of Assessee
- Citation Number : TS-498-ITAT-2023(Bang)-TP
- Tax Payer : Dell International Services India Private Limited