Rulings ( 11516 results )

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High Court

HC: Upholds comparables’ exclusion citing amalgamation and functional dissimilarity

Jul 19, 2023
  • In Favour of Assessee
  • Citation Number : TS-438-HC-2023(DEL)-TP
  • Tax Payer : GE India Business Services Private Limited
Income tax Appellate Tribunal

ITAT: Deletes adjustment qua SDT of transfer of power, follows earlier order

Jul 19, 2023
  • In Favour of Assessee
  • Citation Number : TS-434-ITAT-2023(Kol)-TP
  • Tax Payer : Star Paper Mills Limited
Income tax Appellate Tribunal

ITAT: Rectifies earlier-order; Directs TPO to exclude royalty from operating cost

Jul 19, 2023
  • In Favour of Assessee
  • Citation Number : TS-435-ITAT-2023(VIZ)-TP
  • Tax Payer : Teejay India Private Limited
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s appeal as withdrawn since rectification-order results in adjustment deletion

Jul 19, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-436-ITAT-2023(Bang)-TP
  • Tax Payer : ABB Global Industries & Services Limited
High Court

HC: Dismisses Revenue's appeal as infructuous absent any dispute

Jul 19, 2023
  • In Favour of Assessee
  • Citation Number : TS-437-HC-2023(BOM)-TP
  • Tax Payer : Hapag Lloyd India Private Limited
Income tax Appellate Tribunal

ITAT: Upholds forex gain/loss as operating in nature, allows WC adjustment; Follows precedents

Jul 19, 2023
  • In Favour of Assessee
  • Citation Number : TS-1148-ITAT-2017(Mum)-TP
  • Tax Payer : Hapag Lloyd Global Service P. Ltd
Income tax Appellate Tribunal

ITAT: Holds Chapter X inapplicable once assessee opts for Tonnage Tax Scheme, follows precedents

Jul 18, 2023
  • In Favour of Assessee
  • Citation Number : TS-430-ITAT-2023(VIZ)-TP
  • Tax Payer : Lewek Altair Shipping Private Ltd
Income tax Appellate Tribunal

ITAT: Demand notice issued with draft assessment order a non-curable mistake; Follows precedents

Jul 18, 2023
  • In Favour of Assessee
  • Citation Number : TS-431-ITAT-2023(Mum)-TP
  • Tax Payer : Brightstar Infrastructure Private Limited
Income tax Appellate Tribunal

ITAT: Allows working capital adjustment to raise comparability with tested party, comparables

Jul 18, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-432-ITAT-2023(CHNY)-TP
  • Tax Payer : Atmel R&D India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds export incentives operating in nature to compute PLI; Excludes 3 comparables

Jul 18, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-433-ITAT-2023(VIZ)-TP
  • Tax Payer : Alliance One Industries India Private Limited
Income tax Appellate Tribunal

ITAT: Upholds deletion of TP-adjustments qua corporate guarantee fee & SDT of interest payment

Jul 17, 2023
  • In Favour of Assessee
  • Citation Number : TS-427-ITAT-2023(Kol)-TP
  • Tax Payer : A A Infraproperties Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts assessee's plea, excludes 5 comparables under IT service segment; Follows precedents

Jul 17, 2023
  • In Favour of Assessee
  • Citation Number : TS-426-ITAT-2023(Mum)-TP
  • Tax Payer : Accenture Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes time barred TPO order, assessment order; Follows precedents

Jul 17, 2023
  • In Favour of Assessee
  • Citation Number : TS-428-ITAT-2023(Mum)-TP
  • Tax Payer : DHL Logistics Private Limited
Income tax Appellate Tribunal

ITAT: Quashes final order passed without draft order, principle of mutuality unaddressed

Jul 17, 2023
  • In Favour of Assessee
  • Citation Number : TS-429-ITAT-2023(Mum)-TP
  • Tax Payer : Marriott International Inc
Income tax Appellate Tribunal

ITAT: Upholds internal CUP as MAM to determine guarantee commission; Follows earlier orders

Jul 14, 2023
  • In Favour of Assessee
  • Citation Number : TS-424-ITAT-2023(Mum)-TP
  • Tax Payer : Greatship (India) Ltd
Income tax Appellate Tribunal

ITAT: Holds assessment order passed in name of non-existent company as void; Follows precedents

Jul 14, 2023
  • In Favour of Assessee
  • Citation Number : TS-425-ITAT-2023(Mum)-TP
  • Tax Payer : Abbott India Ltd
Income tax Appellate Tribunal

ITAT: Upholds levy of interest on 'outstanding interest receivable' considering delay improves AE's liquidity position

Jul 14, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-423-ITAT-2023(Mum)-TP
  • Tax Payer : Parle Biscuits Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Upholds LIBOR+5% rate for interest on loans to WOS; Follows earlier orders

Jul 13, 2023
  • In Favour of Assessee
  • Citation Number : TS-421-ITAT-2023(DEL)-TP
  • Tax Payer : Omaxe Ltd
Income tax Appellate Tribunal

ITAT: Rejects TPO's aggregation of distribution & manufacturing segments; Deletes interest on outstanding receivables

Jul 13, 2023
  • In Favour of Assessee
  • Citation Number : TS-422-ITAT-2023(DEL)-TP
  • Tax Payer : Rockwell Automation India Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal against ITAT’s deletion of TP-adjustment qua management fees

Jul 12, 2023
  • In Favour of Assessee
  • Citation Number : TS-420-HC-2023(P & H)-TP
  • Tax Payer : Nippon Leakless Talbros Pvt. Ltd.