Rulings ( 11516 results )

Filters
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment qua interest on delayed receivables; Follows earlier order

Jun 23, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-381-ITAT-2023(DEL)-TP
  • Tax Payer : Fujitsu Consulting India P Ltd
Income tax Appellate Tribunal

ITAT: Directs applicability of 15% RPT filter; Grants working capital adjustment

Jun 23, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-382-ITAT-2023(Bang)-TP
  • Tax Payer : MetricStream Infotech (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables qua SWD services; Deletes TP-adjustment on outstanding receivables

Jun 22, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-376-ITAT-2023(DEL)-TP
  • Tax Payer : Agilent Technologies (International) Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Excludes comparables under ITeS segment on account of turnover, functional dissimilarity etc.

Jun 22, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-377-ITAT-2023(Bang)-TP
  • Tax Payer : Ariba Technologies India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar comparables; Allows capacity utilization adjustment

Jun 22, 2023
  • In Favour of Assessee
  • Citation Number : TS-379-ITAT-2023(Mum)-TP
  • Tax Payer : Avana Integrated Systems Ltd
Income tax Appellate Tribunal

ITAT: Assessee does not qualify as ‘eligible’ u/s.144C(15)(b) basis TPO-order being time-barred

Jun 22, 2023
  • In Favour of Assessee
  • Citation Number : TS-378-ITAT-2023(Mum)-TP
  • Tax Payer : Asus India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes functionally-dissimilar comparables; Upholds CIT(A) deleting TP-adjustment qua interest on receivables

Jun 21, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-375-ITAT-2023(DEL)-TP
  • Tax Payer : Barco Electronic Systems (P) Ltd
High Court

HC: Dismisses Revenue’s appeal; Holds substantial question of laws as academic

Jun 21, 2023
  • In Favour of Assessee
  • Citation Number : TS-938-HC-2022(CAL)-TP
  • Tax Payer : Kesoram Industries Ltd
High Court

HC: Adjourns Revenue’s appeal; Directs assessee to produce order copy of earlier AY

Jun 21, 2023
  • In Favour of Assessee
  • Citation Number : TS-937-HC-2022(CAL)-TP
  • Tax Payer : Kesoram Industries Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustments qua customs-duty, forex rate following HC-ruling for earlier AY

Jun 21, 2023
  • In Favour of Revenue
  • Citation Number : TS-372-ITAT-2023(CHNY)-TP
  • Tax Payer : Motonic India Automative Pvt Ltd
Income tax Appellate Tribunal

ITAT: TPO’s order barred by limitation; Quashes consequent assessment order

Jun 21, 2023
  • In Favour of Assessee
  • Citation Number : TS-373-ITAT-2023(Mum)-TP
  • Tax Payer : Firefly Market Research India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits benchmarking of interest on loan, upholds TPO's rejection of internal CUP

Jun 21, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-374-ITAT-2023(Mum)-TP
  • Tax Payer : LTIMindtree Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment sans approval from competent authority to expand scope of 'limited scrutiny'

Jun 21, 2023
  • In Favour of Assessee
  • Citation Number : TS-371-ITAT-2023(Ahd)-TP
  • Tax Payer : Yizumi Precision Machinery (India) Private Limited
Income tax Appellate Tribunal

ITAT: Allows Sec.80IA deduction qua inter unit transfer of power, follows earlier order

Jun 20, 2023
  • In Favour of Assessee
  • Citation Number : TS-369-ITAT-2023(CHNY)-TP
  • Tax Payer : The India Cements Limited
Income tax Appellate Tribunal

ITAT: Directs AO/TPO to consider APA for Wipro Ltd qua interest on loan, guarantee commission

Jun 20, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-370-ITAT-2023(Bang)-TP
  • Tax Payer : Wipro Limited
Income tax Appellate Tribunal

ITAT: Quashes TPO's order being time barred; Holds assessee 'ineligible'

Jun 20, 2023
  • In Favour of Assessee
  • Citation Number : TS-368-ITAT-2023(Mum)-TP
  • Tax Payer : Johnson & Johnson Private Limited
Income tax Appellate Tribunal

ITAT: Excludes comparables basis high turnover and functional dissimilarity; Follows earlier orders

Jun 19, 2023
  • In Favour of Assessee
  • Citation Number : TS-365-ITAT-2023(DEL)-TP
  • Tax Payer : Globe Ground India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Admits assessee's additional ground; Remits working capital adjustment issue

Jun 19, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-366-ITAT-2023(Mum)-TP
  • Tax Payer : Oxford University Press
Income tax Appellate Tribunal

ITAT: Directs assessee to substantiate nature and benefit derived qua reimbursement expenses

Jun 19, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-367-ITAT-2023(Mum)-TP
  • Tax Payer : Jungheinrich Lift Truck India Private Limited
High Court

HC: Dismisses Revenue's appeal, upholds invalidity of TPO-reference sans pendency of assessment proceedings

Jun 19, 2023
  • In Favour of Assessee
  • Citation Number : TS-364-HC-2023(BOM)-TP
  • Tax Payer : Kimberly Clark Lever Private Limited