Rulings ( 11332 results )
Income tax Appellate Tribunal
ITAT: Holds PCIT’s revision order u/s 263 before FA 2022 amendment null & void, absent jurisdictional administration; Follows precedents
May 26, 2023
- In Favour of Assessee
- Citation Number : TS-303-ITAT-2023(Mum)-TP
- Tax Payer : Fusion Jewellery Manufacturing Company Private Ltd
Income tax Appellate Tribunal
ITAT: Holds Tata AIA Life Insurance ‘ineligible’ given TPO’s order barred by limitation
May 25, 2023
- In Favour of Assessee
- Citation Number : TS-300-ITAT-2023(Mum)-TP
- Tax Payer : Tata AIA Life Insurance Company Limited
Income tax Appellate Tribunal
ITAT: Accepts foreign AE as tested party, upholds admin/IT support-services not stewardship services; Follows earlier order
May 25, 2023
- In Favour of Assessee
- Citation Number : TS-301-ITAT-2023(Kol)-TP
- Tax Payer : Almatis Alumina Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Remits ALP determination qua purchase of raw-materials for suitable adjustments; Follows earlier order
May 25, 2023
- In Favour of Assessee
- Citation Number : TS-302-ITAT-2023(CHNY)-TP
- Tax Payer : Indian Additives Ltd
Income tax Appellate Tribunal
ITAT: Holds orders passed in name of non-existing amalgamated entity as invalid
May 24, 2023
- In Favour of Assessee
- Citation Number : TS-299-ITAT-2023(PUN)-TP
- Tax Payer : Rothe Erde (I) Pvt Ltd (successor in the interest of Berco Undercarriages India Pvt Ltd)
Income tax Appellate Tribunal
ITAT: Issue qua interest on AE-loans academic, dismisses assessee's plea in second round
May 24, 2023
- In Favour of Both, Partially
- Citation Number : TS-298-ITAT-2023(Bang)-TP
- Tax Payer : Sasken Technologies Ltd
Income tax Appellate Tribunal
ITAT: Notes metro-tunnel digging highly specialized, remits comparability of 'broad construction category' companies
May 24, 2023
- In Favour of Both, Partially
- Citation Number : TS-295-ITAT-2023(CHNY)-TP
- Tax Payer : Mos Metro India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Allows assessee’s miscellaneous application to incorporate correct factual information in Tribunal’s order
May 24, 2023
- In Favour of Assessee
- Citation Number : TS-296-ITAT-2023(Kol)-TP
- Tax Payer : Witzenmann India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rules on comparables selection under manufacturing/trading segments, grants working capital adjustment
May 24, 2023
- In Favour of Both, Partially
- Citation Number : TS-297-ITAT-2023(Bang)-TP
- Tax Payer : Yokogawa India Limited
High Court
HC: Issues notice in assessee’s writ challenging AO’s order being barred by limitation
May 23, 2023
- In Favour of Assessee
- Citation Number : TS-294-HC-2023(DEL)-TP
- Tax Payer : Readers Digest Book and Home Entertainment India P Ltd
Income tax Appellate Tribunal
ITAT: Upholds assessee as captive SWD provider, not R&D service company, excludes comparables; Follows precedents
May 23, 2023
- In Favour of Assessee
- Citation Number : TS-291-ITAT-2023(Bang)-TP
- Tax Payer : Open Silicon Research Private Ltd
Income tax Appellate Tribunal
ITAT: Extends stay of demand citing delay in disposal of appeal non-attributable to assessee
May 23, 2023
- In Favour of Assessee
- Citation Number : TS-292-ITAT-2023(CHNY)-TP
- Tax Payer : Mobis India Ltd
Income tax Appellate Tribunal
ITAT: Dismisses assessee’s TP-related grounds as withdrawn in view of MAP resolution
May 23, 2023
- In Favour of Assessee
- Citation Number : TS-293-ITAT-2023(Bang)-TP
- Tax Payer : Northern Operating Services Pvt Ltd
Income tax Appellate Tribunal
ITAT: Deletes adjustment qua SDT of sale of power, remits adjustment qua supply of steam
May 22, 2023
- In Favour of Both, Partially
- Citation Number : TS-288-ITAT-2023(Ahd)-TP
- Tax Payer : Meghmani Finechem Ltd
Income tax Appellate Tribunal
ITAT: Deletes TP addition w.r.t. AMP expenditure, Follows precedents
May 22, 2023
- In Favour of Assessee
- Citation Number : TS-289-ITAT-2023(Bang)-TP
- Tax Payer : Herbalife International India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Dismisses Revenue’s Misc. Applications challenging Tribunal-order absent ‘prima facie mistake’
May 22, 2023
- In Favour of Assessee
- Citation Number : TS-290-ITAT-2023(CHNY)-TP
- Tax Payer : Madura Coats Private Limited
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustment qua technical know-how integrated to business, despite accepting entity-level margins
May 19, 2023
- In Favour of Assessee
- Citation Number : TS-287-ITAT-2023(Bang)-TP
- Tax Payer : Tata Power Solar Systems Limited
Income tax Appellate Tribunal
ITAT: Upholds CIT(A)'s deletion of adjustment qua SDT of purchase of power, follows precedents
May 19, 2023
- In Favour of Assessee
- Citation Number : TS-286-ITAT-2023(RAI)-TP
- Tax Payer : Animesh Ispat Private Limited
Income tax Appellate Tribunal
ITAT: Upholds S.263 revision, cites CBDT Instruction mandating TPO-reference not complied with
May 18, 2023
- In Favour of Revenue
- Citation Number : TS-283-ITAT-2023(Mum)-TP
- Tax Payer : DBS Bank India Limited
Income tax Appellate Tribunal
ITAT: Quashes PCIT's order u/s263, impermissible to attempt revising TPO's order before Finance Act 2022
May 18, 2023
- In Favour of Assessee
- Citation Number : TS-284-ITAT-2023(Mum)-TP
- Tax Payer : 3i Infotech Ltd