Rulings ( 11516 results )

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Income tax Appellate Tribunal

ITAT: Upholds CUP, simple average for brokerage ALP determination; Rejects IGS disallowance absent adequate analysis

Jul 11, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-418-ITAT-2023(Mum)-TP
  • Tax Payer : Morgan Stanley India Company Private Limited
Income tax Appellate Tribunal

ITAT: Monthly average price for inter-unit tea transfer, not uniform; Upholds adjustment deletion

Jul 11, 2023
  • In Favour of Assessee
  • Citation Number : TS-419-ITAT-2023(Kol)-TP
  • Tax Payer : Mcleod Russel India Limited
Income tax Appellate Tribunal

ITAT: CCD distinct from NBFC credit for ALP interest determination; Bank guarantee-rates not applicable for benchmarking corporate-guarantee fee

Jul 11, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-417-ITAT-2023(Mum)-TP
  • Tax Payer : Crayon Group AS
Income tax Appellate Tribunal

ITAT: Remits ALP-determination qua interest paid to AE for loan by Standard Chartered Capital

Jul 10, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-416-ITAT-2023(Mum)-TP
  • Tax Payer : Standard Chartered Capital Limited
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s TP-related appeal as not pressed in view of APA resolution

Jul 10, 2023
  • In Favour of Revenue
  • Citation Number : TS-415-ITAT-2023(Bang)-TP
  • Tax Payer : ThoughtWorks Technologies (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects selection of foreign AEs as tested parties qua contract execution; Remits ALP determination on AE receivables and loans

Jul 07, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-414-ITAT-2023(Mum)-TP
  • Tax Payer : Oracle Finance Services Software Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua management fees; Follows precedents

Jul 07, 2023
  • In Favour of Assessee
  • Citation Number : TS-681-ITAT-2015(DEL)-TP
  • Tax Payer : Nippon Leakless Talbros Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Upholds LIBOR+100bps for benchmarking loan interest, restricts corporate guarantee fee @0.35%

Jul 06, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-413-ITAT-2023(Mum)-TP
  • Tax Payer : JSW Steel Ltd
Supreme Court

SC: Dismisses Revenue’s SLP challenging comparables-selection in case of Microsoft India (R&D)

Jul 06, 2023
  • In Favour of Assessee
  • Citation Number : TS-412-SC-2023-TP
  • Tax Payer : Microsoft India (R &D) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustments for IGS, accepts internal CUP; Follows precedents

Jul 05, 2023
  • In Favour of Assessee
  • Citation Number : TS-408-ITAT-2023(Mum)-TP
  • Tax Payer : ACC Limited
Income tax Appellate Tribunal

ITAT: Partially allows capital utilization adjustments; Restricts TP-adjustments to international transactions only

Jul 05, 2023
  • In Favour of Revenue
  • Citation Number : TS-409-ITAT-2023(Ahd)-TP
  • Tax Payer : Huntsman International (India) Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 9 comparables for Standard Chartered Finance Limited; Cites functional-dissimilarity, different-accounting year etc

Jul 05, 2023
  • In Favour of Assessee
  • Citation Number : TS-410-ITAT-2023(Mum)-TP
  • Tax Payer : Standard Chartered Finance Ltd
Income tax Appellate Tribunal

ITAT: Remits assessee's plea claiming deduction u/s.80IA qua power generating units; Follows precedents

Jul 05, 2023
  • In Favour of Assessee
  • Citation Number : TS-411-ITAT-2023(Mum)-TP
  • Tax Payer : ACC Limited
Income tax Appellate Tribunal

ITAT: Remits margin computation, risk adjustment plea; Excludes functionally-dissimilar comparable

Jul 04, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-405-ITAT-2023(Bang)-TP
  • Tax Payer : 24/7 Customer Private Limited
Income tax Appellate Tribunal

ITAT: Fixes corporate guarantee fee @ 0.5%, deletes adjustment qua interest on loan

Jul 04, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-406-ITAT-2023(Ahd)-TP
  • Tax Payer : Nirma Limited
Income tax Appellate Tribunal

ITAT: Quashes TPO’s order, final assessment order as being barred by limitation for Shell India

Jul 04, 2023
  • In Favour of Assessee
  • Citation Number : TS-407-ITAT-2023(Mum)-TP
  • Tax Payer : Shell India Market Pvt Ltd
Supreme Court

SC: Restores Revenue's appeal before HC following SAP Labs, refrains from opining on merits

Jul 04, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-404-SC-2023-TP
  • Tax Payer : Warburg Pincus India pvt ltd
High Court

HC: Disposes of Revenue's appeal basis substantial questions of law covered by other judgments

Jul 04, 2023
  • In Favour of Assessee
  • Citation Number : TS-939-HC-2022(BOM)-TP
  • Tax Payer : Warburg Pincus India pvt ltd
High Court

HC: MAM selection basis subsequent year APA valid; Dismisses Revenue’s appeal challenging applicability of APA before AY 2013-14

Jul 04, 2023
  • In Favour of Assessee
  • Citation Number : TS-403-HC-2023(DEL)-TP
  • Tax Payer : Springer India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes Apitco as comparable as it worked on govt. projects; Follows precedents

Jul 03, 2023
  • In Favour of Assessee
  • Citation Number : TS-400-ITAT-2023(DEL)-TP
  • Tax Payer : Turner & Townsend Pvt Ltd