Rulings ( 11332 results )
Income tax Appellate Tribunal
ITAT: Holds assessee's main activity marketing, not distribution; Remits comparables' selection to CIT(A)
Apr 28, 2023
- In Favour of Both, Partially
- Citation Number : TS-245-ITAT-2023(PUN)-TP
- Tax Payer : Hexagon Manufacturing Intelligence India Private Limited (Formerly known as MSC Software Corporation India Private Limited)
Income tax Appellate Tribunal
ITAT: Holds ‘other method’ over CUP/TNMM as MAM to benchmark royalty payment for unique intangibles
Apr 28, 2023
- In Favour of Assessee
- Citation Number : TS-243-ITAT-2023(Mum)-TP
- Tax Payer : ASB International Private Limited
Income tax Appellate Tribunal
ITAT: Deletes TP adjustment qua transfer of captive power between units; Follows earlier order
Apr 27, 2023
- In Favour of Assessee
- Citation Number : TS-241-ITAT-2023(RAI)-TP
- Tax Payer : Godawari Power and Ispat Ltd
Income tax Appellate Tribunal
ITAT: Accepts assessee’s TNMM over CUP as MAM for export transaction; Remits ALP-determination
Apr 27, 2023
- In Favour of Assessee
- Citation Number : TS-242-ITAT-2023(Mum)-TP
- Tax Payer : Omni Active Health Technologies Limited
Income tax Appellate Tribunal
ITAT: Holds reference to TPO invalid considering Sec.92BA(i) omission; Directs AO to examine allowability u/s.40A(2)
Apr 26, 2023
- In Favour of Assessee
- Citation Number : TS-240-ITAT-2023(CHNY)-TP
- Tax Payer : Maharaja Refineries
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustments towards royalty/ referral fee payments & expense reimbursement; Follows earlier orders
Apr 26, 2023
- In Favour of Assessee
- Citation Number : TS-238-ITAT-2023(Mum)-TP
- Tax Payer : CLSA India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Excludes comparables for failing turnover filter, functional dissimilarity; Remits adjustment qua outstanding receivables
Apr 26, 2023
- In Favour of Both, Partially
- Citation Number : TS-239-ITAT-2023(Bang)-TP
- Tax Payer : NTS Technology Services Pvt Ltd
Income tax Appellate Tribunal
ITAT: Accepts Lodha Developers' corporate guarantee benchmarking based on yield approach @ 0.35%
Apr 26, 2023
- In Favour of Assessee
- Citation Number : TS-237-ITAT-2023(Mum)-TP
- Tax Payer : Macrotech Developers Limited
Income tax Appellate Tribunal
ITAT: Invalidates TPO-reference qua SDT under omitted Sec.92BA(i); Restricts TP-adjustment to AE-transactions only
Apr 25, 2023
- In Favour of Both, Partially
- Citation Number : TS-235-ITAT-2023(Bang)-TP
- Tax Payer : TT Steel Service India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Upholds revisionary order passed u/s 263, considering AO’s non-reference to TPO
Apr 25, 2023
- In Favour of Revenue
- Citation Number : TS-236-ITAT-2023(Ahd)-TP
- Tax Payer : Shree Ganesh Intermediary P Ltd
Income tax Appellate Tribunal
ITAT: Permits assessee to withdraw appeal on TP grounds in light of APA resolution
Apr 24, 2023
- In Favour of Both, Partially
- Citation Number : TS-233-ITAT-2023(PUN)-TP
- Tax Payer : Amdocs Development Centre India LLP
Income tax Appellate Tribunal
ITAT: Rules on comparables; Remits TP-adjustment qua depreciation, working capital and forex gain/loss
Apr 24, 2023
- In Favour of Both, Partially
- Citation Number : TS-234-ITAT-2023(Ind)-TP
- Tax Payer : Computer Sciences Corporation India Private Limited
Income tax Appellate Tribunal
ITAT: Upholds TP adjustment qua salary of employees seconded; Rejects third party placement agency rates
Apr 21, 2023
- In Favour of Both, Partially
- Citation Number : TS-231-ITAT-2023(Mum)-TP
- Tax Payer : Zensar Technologies Ltd
Income tax Appellate Tribunal
ITAT: Upholds exclusion of 5 comparables citing high turnover qua drug manufacturer
Apr 21, 2023
- In Favour of Assessee
- Citation Number : TS-232-ITAT-2023(Kol)-TP
- Tax Payer : Alkaloids Corporation
Income tax Appellate Tribunal
ITAT: Upholds external TNMM for benchmarking export of finished goods; Follows earlier order
Apr 20, 2023
- In Favour of Assessee
- Citation Number : TS-228-ITAT-2023(Mum)-TP
- Tax Payer : Unilever India Exports Ltd
Income tax Appellate Tribunal
ITAT: Rejects addition of DCF value of AMC income, customs duty to operating margin; Grants range benefit
Apr 20, 2023
- In Favour of Both, Partially
- Citation Number : TS-229-ITAT-2023(Mum)-TP
- Tax Payer : Schindler India Private Limtied
Income tax Appellate Tribunal
ITAT: Considers RPM as MAM to determine ALP of distribution transaction; Follows earlier order
Apr 20, 2023
- In Favour of Assessee
- Citation Number : TS-230-ITAT-2023(HYD)-TP
- Tax Payer : Commvault Systems (India) Private Limited
Supreme Court
SC: ALP determination, judicious selection of filters are 'substantial questions of law'; Quashes Softbrands
Apr 19, 2023
- In Favour of Revenue
- Citation Number : TS-225-SC-2023-TP
- Tax Payer : SAP Labs India Pvt. Ltd. & Others
Income tax Appellate Tribunal
ITAT: Treats insurance amount, FOREX fluctuation as operating in nature; Restricts TP-adjustment to transaction level
Apr 19, 2023
- In Favour of Assessee
- Citation Number : TS-226-ITAT-2023(Ahd)-TP
- Tax Payer : KHS Machinery P Ltd
Income tax Appellate Tribunal
ITAT: Remits assessee's plea for inclusion of comparable; Notes difference in product manufactured, end-use
Apr 19, 2023
- In Favour of Both, Partially
- Citation Number : TS-227-ITAT-2023(PUN)-TP
- Tax Payer : Valmont Structures Pvt Ltd