Rulings ( 11516 results )

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Income tax Appellate Tribunal

ITAT: Rules on comparables; Treats fixed-assets written off as non-operating

Jul 03, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-401-ITAT-2023(Bang)-TP
  • Tax Payer : AMD India Private Limited
Income tax Appellate Tribunal

ITAT: Admits additional evidence qua extraordinary expenses; Remits for verification

Jul 03, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-402-ITAT-2023(HYD)-TP
  • Tax Payer : HM CLAUSE India Private Limited
Income tax Appellate Tribunal

ITAT: Holds internal CUP as MAM for export transaction; Fixes guarantee-commission @ 0.5%

Jun 30, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-397-ITAT-2023(DEL)-TP
  • Tax Payer : Global Green Company Ltd
Income tax Appellate Tribunal

ITAT: MAP rate agreed for a part of the year applies to the whole year

Jun 30, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-398-ITAT-2023(Bang)-TP
  • Tax Payer : Harman Connected Services Corporation Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Rules on comparables for WOS of Levi Strauss; Follows precedents

Jun 30, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-399-ITAT-2023(Bang)-TP
  • Tax Payer : Levi Strauss (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables citing high turnover; Applies interest @ LIBOR+200bps on receivables

Jun 29, 2023
  • In Favour of Assessee
  • Citation Number : TS-394-ITAT-2023(Bang)-TP
  • Tax Payer : Concur Technologies India Private Limited
Income tax Appellate Tribunal

ITAT: Quashes DRP order absent valid DIN; Follows precedent

Jun 29, 2023
  • In Favour of Assessee
  • Citation Number : TS-395-ITAT-2023(Bang)-TP
  • Tax Payer : Practo Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes Acropetal Technologies as comparable, cites financial irregularities due to fraud committed

Jun 29, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-396-ITAT-2023(CHNY)-TP
  • Tax Payer : Doosan Power Systems India Pvt Limited
Income tax Appellate Tribunal

ITAT: Dismisses assessee's plea; Holds issues cannot be reargued as impermissible u/s.254(2)

Jun 28, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-391-ITAT-2023(Bang)-TP
  • Tax Payer : Mindteck (India) Ltd.
Income tax Appellate Tribunal

ITAT: Allocates forex loss based on proportion of export sales by SEZ; Fixes 0.5% guarantee fee

Jun 28, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-392-ITAT-2023(HYD)-TP
  • Tax Payer : Aurobindo Pharma Ltd.
Income tax Appellate Tribunal

ITAT: Quashes TPO’s time barred order in second round of proceedings for CAE India

Jun 28, 2023
  • In Favour of Assessee
  • Citation Number : TS-390-ITAT-2023(Bang)-TP
  • Tax Payer : CAE India Pvt Limited
Income tax Appellate Tribunal

ITAT: Accepts royalty-payment at ALP; Remits TP-adjustment made towards interest on CCDs

Jun 28, 2023
  • In Favour of Assessee
  • Citation Number : TS-393-ITAT-2023(Bang)-TP
  • Tax Payer : Praxair India Private Limited
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s TP issue plea in light of APA resolution

Jun 27, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-389-ITAT-2023(Bang)-TP
  • Tax Payer : IMS Health Analytics Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua power purchase citing precedents, TPO's mistaken assumption

Jun 27, 2023
  • In Favour of Assessee
  • Citation Number : TS-386-ITAT-2023(Ahd)-TP
  • Tax Payer : Shah Alloys Limited
Income tax Appellate Tribunal

ITAT: Remits TPO’s order citing non-conformity with show cause notice issued

Jun 27, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-387-ITAT-2023(Bang)-TP
  • Tax Payer : Subex Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua notional interest on delayed-receivables; Follows Bombay HC rulings

Jun 27, 2023
  • In Favour of Assessee
  • Citation Number : TS-388-ITAT-2023(Mum)-TP
  • Tax Payer : Tech Mahindra Limited
Income tax Appellate Tribunal

ITAT: Quashes TPO's order as time-barred, deletes ad-hoc mark-up on expense reimbursement

Jun 26, 2023
  • In Favour of Assessee
  • Citation Number : TS-383-ITAT-2023(Mum)-TP
  • Tax Payer : Transporter Industry International Gmbh
Income tax Appellate Tribunal

ITAT: Considers bad and doubtful debts as operating in nature; Excludes functionally-dissimilar companies

Jun 26, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-384-ITAT-2023(Bang)-TP
  • Tax Payer : Carl Zeiss India (Bangalore) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits comparability issue for search of fresh comparables; Follows earlier order

Jun 26, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-385-ITAT-2023(DEL)-TP
  • Tax Payer : BWI Automotive Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-addition as adverse inference drawn without giving assessee chance to explain

Jun 23, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-380-ITAT-2023(DEL)-TP
  • Tax Payer : Dassault Systems India Pvt Ltd