Rulings ( 11332 results )
Income tax Appellate Tribunal
ITAT: Deletes TP adjustment qua payment of royalty for inter group services, accepts CUP as MAM; Follows earlier order
May 18, 2023
- In Favour of Assessee
- Citation Number : TS-285-ITAT-2023(Mum)-TP
- Tax Payer : Unilever India Exports Ltd
Income tax Appellate Tribunal
ITAT: Directs TPO to dispose off assessee’s rectification application w.r.t non-consideration of loss as per revised return
May 17, 2023
- In Favour of Assessee
- Citation Number : TS-280-ITAT-2023(Mum)-TP
- Tax Payer : Shapoorji Pallonji Oil and Gas Pvt Ltd
Income tax Appellate Tribunal
ITAT: Upholds external TNMM as MAM, deletes TP adjustment qua reimbursement of expenses; Distinguishes ruling in own case
May 17, 2023
- In Favour of Assessee
- Citation Number : TS-281-ITAT-2023(Mum)-TP
- Tax Payer : Canvas M Technologies Ltd
Income tax Appellate Tribunal
ITAT: Directs consideration of comparable by making suitable adjustment for different financial year
May 17, 2023
- In Favour of Both, Partially
- Citation Number : TS-282-ITAT-2023(Mum)-TP
- Tax Payer : Jardine Lloyd Thompson India Private Limited
Income tax Appellate Tribunal
ITAT: Directs application of turnover filter range at 10 times, adopts interest on receivables @ LIBOR+200bps
May 16, 2023
- In Favour of Both, Partially
- Citation Number : TS-277-ITAT-2023(HYD)-TP
- Tax Payer : iMedX Information Services Pvt ltd
Income tax Appellate Tribunal
ITAT: Remits adjustment qua management fee payment; Quashes time-barred assessment orders
May 16, 2023
- In Favour of Both, Partially
- Citation Number : TS-279-ITAT-2023(CHNY)-TP
- Tax Payer : Durr India Private Limited
Income tax Appellate Tribunal
ITAT: Accepts RPM over CUP qua purchase of finished goods from AE, basis incomplete data, ignored geographical differences
May 16, 2023
- In Favour of Both, Partially
- Citation Number : TS-278-ITAT-2023(DEL)-TP
- Tax Payer : Thales DIS India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Directs AO/TPO to adopt interest @LIBOR+200 bps on receivables, follows precedents
May 15, 2023
- In Favour of Both, Partially
- Citation Number : TS-274-ITAT-2023(HYD)-TP
- Tax Payer : Kantar GDC India Private Limited
Income tax Appellate Tribunal
ITAT: Upholds TPO/CIT(A)'s determination of notional interest @LIBOR+500 bps on AE-loans
May 15, 2023
- In Favour of Both, Partially
- Citation Number : TS-275-ITAT-2023(Mum)-TP
- Tax Payer : M Pallonji Shipping Pvt Ltd
Income tax Appellate Tribunal
ITAT: Sets aside orders passed in the name of non-existent company post conversion into LLP; Follows precedents
May 15, 2023
- In Favour of Assessee
- Citation Number : TS-276-ITAT-2023(Ahd)-TP
- Tax Payer : Allscripts (India) LLP (As a successor in interest of Allscripts India Pvt. Ltd)
Income tax Appellate Tribunal
ITAT: Upholds RPM as MAM for pure distributor citing AMP expenditure not a determinant; Follows precedents
May 12, 2023
- In Favour of Both, Partially
- Citation Number : TS-270-ITAT-2023(Mum)-TP
- Tax Payer : Bristol Myers Squibb India Private Limited
Income tax Appellate Tribunal
ITAT: Excludes comparables applying upper turnover filter; Remits adjustment qua interest on outstanding receivables
May 12, 2023
- In Favour of Both, Partially
- Citation Number : TS-271-ITAT-2023(Bang)-TP
- Tax Payer : TEKTRONIX INDIA PVT LTD
Income tax Appellate Tribunal
ITAT: Upholds rejection of functionally dissimilar comparables qua correspondent banking services
May 12, 2023
- In Favour of Both, Partially
- Citation Number : TS-272-ITAT-2023(Mum)-TP
- Tax Payer : The Bank of Nova Scotia
Income tax Appellate Tribunal
ITAT: Considers gross profit/sales as PLI for auto components segment; Follows earlier order
May 12, 2023
- In Favour of Both, Partially
- Citation Number : TS-273-ITAT-2023(Bang)-TP
- Tax Payer : Toyota Industries Engine India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Deletes TP adjustment qua notional interest on delayed AE receivables; Follows earlier order
May 11, 2023
- In Favour of Assessee
- Citation Number : TS-267-ITAT-2023(DEL)-TP
- Tax Payer : Daawat Foods Ltd
Income tax Appellate Tribunal
ITAT: Remits TP-adjustment qua reimbursement of relocation/travel costs of seconded employees
May 11, 2023
- In Favour of Both, Partially
- Citation Number : TS-268-ITAT-2023(Mum)-TP
- Tax Payer : Vodafone India Limited
Income tax Appellate Tribunal
ITAT: Remits TP-adjustment qua guarantee fee for examining assessee's 'interest saved approach' under 'other method'
May 11, 2023
- In Favour of Both, Partially
- Citation Number : TS-269-ITAT-2023(Mum)-TP
- Tax Payer : JSW Steel Ltd
Income tax Appellate Tribunal
ITAT: Adjudicates issue qua validity of time-barred assessment orders, follows precedents
May 10, 2023
- In Favour of Both, Partially
- Citation Number : TS-264-ITAT-2023(CHNY)-TP
- Tax Payer : Eaton Power Quality Pvt Ltd
Income tax Appellate Tribunal
ITAT: Quashes revisionary jurisdiction u/s 263 assumed on wrong premise; Follows precedent
May 10, 2023
- In Favour of Assessee
- Citation Number : TS-266-ITAT-2023(DEL)-TP
- Tax Payer : Shri Durga Loha Bhandar Pvt Ltd
Supreme Court
SC: Directs HC to examine TP issues afresh in light of SAP Labs ruling
May 10, 2023
- In Favour of Both, Partially
- Citation Number : TS-265-SC-2023-TP
- Tax Payer : Subex Ltd