Rulings ( 11516 results )
Income tax Appellate Tribunal
ITAT: Admits assessee’s additional ground; Quashes time barred final assessment order
Aug 11, 2023
- In Favour of Assessee
- Citation Number : TS-499-ITAT-2023(DEL)-TP
- Tax Payer : Aero Club
Income tax Appellate Tribunal
ITAT: Excludes MPS Ltd owing to functional dissimilarity, acquisition; Follows earlier order
Aug 10, 2023
- In Favour of Assessee
- Citation Number : TS-497-ITAT-2023(PUN)-TP
- Tax Payer : BNY Mellon International Operations (India) Pvt Ltd
Income tax Appellate Tribunal
ITAT: Holds TPO's order passed beyond one day as time-barred; Follows Pfizer-ruling
Aug 10, 2023
- In Favour of Assessee
- Citation Number : TS-494-ITAT-2023(Mum)-TP
- Tax Payer : Siemens Limited
Income tax Appellate Tribunal
ITAT: Grants Xiaomi stay against Rs.1833 Cr. demand as Revenue fully secured by prior attachments
Aug 09, 2023
- In Favour of Both, Partially
- Citation Number : TS-496-ITAT-2023(Bang)-TP
- Tax Payer : Xiaomi Technology India Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Invalidates TPO’s order, final assessment bad in law; Follows precedents
Aug 09, 2023
- In Favour of Assessee
- Citation Number : TS-493-ITAT-2023(Mum)-TP
- Tax Payer : Accenture Solutions Private Limited
High Court
HC: Dismisses Revenue's appeal owing to low tax effect, leaves questions of law open
Aug 09, 2023
- In Favour of Assessee
- Citation Number : TS-495-HC-2023(CAL)-TP
- Tax Payer : Deepak Industries Ltd
Income tax Appellate Tribunal
ITAT: Remits TP-adjustment qua sale of finished goods; Deletes management fee disallowance u/s.37
Aug 08, 2023
- In Favour of Both, Partially
- Citation Number : TS-492-ITAT-2023(Rjt)-TP
- Tax Payer : Ahlstrom Fiber Composites India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rules on comparables; Holds no adjustment warranted since margin within 5% range
Aug 08, 2023
- In Favour of Both, Partially
- Citation Number : TS-490-ITAT-2023(Ahd)-TP
- Tax Payer : Doshi Accounting Services Pvt Ltd
Income tax Appellate Tribunal
ITAT: Remits benchmarking, notes TPO included comparable directed to be excluded in first round
Aug 08, 2023
- In Favour of Both, Partially
- Citation Number : TS-491-ITAT-2023(Ahd)-TP
- Tax Payer : Weatherford Drilling & Production Services (India) Private Limited
High Court
HC: Upholds aggregation for royalty linked with manufacturing; Earlier decisions binding absent change in facts
Aug 08, 2023
- In Favour of Assessee
- Citation Number : TS-489-HC-2023(BOM)-TP
- Tax Payer : Cummins India Limited
Income tax Appellate Tribunal
ITAT: Upholds exclusion of functionally dissimilar MPS Ltd qua ITeS-providing assessee
Aug 07, 2023
- In Favour of Assessee
- Citation Number : TS-486-ITAT-2023(Mum)-TP
- Tax Payer : E-Clinical Works India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Dismisses Google India’s TP grounds as withdrawn due to APA resolution
Aug 07, 2023
- In Favour of Assessee
- Citation Number : TS-487-ITAT-2023(Bang)-TP
- Tax Payer : Google India Private Limited
Income tax Appellate Tribunal
ITAT: Remits CIT(A)’s ex-parte order; Considers assessee’s non-compliance of notice not deliberate
Aug 07, 2023
- In Favour of Assessee
- Citation Number : TS-488-ITAT-2023(DEL)-TP
- Tax Payer : Egis International S.A.
High Court
HC: Sec.153 limitation binding despite Sec.144C 'complete code'; Follows Madras HC’s Roca Bathroom
Aug 04, 2023
- In Favour of Assessee
- Citation Number : TS-485-HC-2023(BOM)-TP
- Tax Payer : Shelf Drilling Ron Tappmeyer Limited
High Court
HC: Directs AO to afford assessee an opportunity of being heard
Aug 04, 2023
- In Favour of Both, Partially
- Citation Number : TS-484-HC-2023(CAL)-TP
- Tax Payer : Price Waterhouse & Anr
Income tax Appellate Tribunal
ITAT: Remits benchmarking of purchase transaction, notes that assessee kept changing MAM
Aug 04, 2023
- In Favour of Both, Partially
- Citation Number : TS-480-ITAT-2023(Mum)-TP
- Tax Payer : Franklin Wardcorpp India Private Limited
Income tax Appellate Tribunal
ITAT: Mere pendency of Revenue's appeal against earlier order no ground to invoke Sec.263
Aug 04, 2023
- In Favour of Assessee
- Citation Number : TS-482-ITAT-2023(PUN)-TP
- Tax Payer : Carraro India Private Limited
Income tax Appellate Tribunal
ITAT: Final assessment orders, based on invalid TPO/DRP orders, not valid
Aug 04, 2023
- In Favour of Assessee
- Citation Number : TS-483-ITAT-2023(Mum)-TP
- Tax Payer : Emerson Process Management (India) P. Ltd
Income tax Appellate Tribunal
ITAT: Refuses to exclude functionally similar comparable, remits others to examine financial data
Aug 04, 2023
- In Favour of Both, Partially
- Citation Number : TS-481-ITAT-2023(Kol)-TP
- Tax Payer : Orga Systems India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Remits TP adjustment qua SDT; Directs AO to adjudicate afresh
Aug 03, 2023
- In Favour of Both, Partially
- Citation Number : TS-477-ITAT-2023(JODH)-TP
- Tax Payer : Sunil and Company