Rulings ( 11516 results )
Income tax Appellate Tribunal
ITAT: Disregards TPO’s NIL ALP qua specific IGS as need-benefit test met; Remits ALP determination for other IGS
Jun 09, 2023
- In Favour of Both, Partially
- Citation Number : TS-345-ITAT-2023(Mum)-TP
- Tax Payer : Lintas India Private Limited
Income tax Appellate Tribunal
ITAT: Rejects Revenue’s substitution of actual financial results in DCF method for valuing shares
Jun 09, 2023
- In Favour of Both, Partially
- Citation Number : TS-346-ITAT-2023(Mum)-TP
- Tax Payer : TPG Growth II Markets Pte Ltd
Income tax Appellate Tribunal
ITAT: Rules on comparables qua provision of investment advisory services; Follows earlier order
Jun 09, 2023
- In Favour of Both, Partially
- Citation Number : TS-343-ITAT-2023(DEL)-TP
- Tax Payer : Chryscapital Investment Advisors (India) Pvt Ltd
High Court
HC: Dismisses Revenue’s appeal against ITAT-order holding AMP expenditure not international-transaction
Jun 08, 2023
- In Favour of Assessee
- Citation Number : TS-342-HC-2023(CAL)-TP
- Tax Payer : Organon (India) Pvt Ltd
Income tax Appellate Tribunal
ITAT: Partly allows assessee’s MP citing all aspects considered under MAP
Jun 08, 2023
- In Favour of Both, Partially
- Citation Number : TS-338-ITAT-2023(Bang)-TP
- Tax Payer : EIT Services India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rectifies earlier-order; Directs consideration of additional evidence w.r.t benchmarking import transactions
Jun 08, 2023
- In Favour of Assessee
- Citation Number : TS-339-ITAT-2023(PUN)-TP
- Tax Payer : Kimberly-Clark Lever Private Limited
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustment qua IGS, considers 'enormous evidence' proving receipt of services
Jun 08, 2023
- In Favour of Assessee
- Citation Number : TS-340-ITAT-2023(DEL)-TP
- Tax Payer : Avery Ennison (India) Pvt Ltd
Income tax Appellate Tribunal
ITAT: Upholds 'NIL' ALP of agency commission payment sans proof of need/rendering of services
Jun 08, 2023
- In Favour of Revenue
- Citation Number : TS-341-ITAT-2023(CHNY)-TP
- Tax Payer : Intimate Fashions India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Partially allows assessee’s appeal w.r.t. selection of comparables
Jun 07, 2023
- In Favour of Both, Partially
- Citation Number : TS-334-ITAT-2023(Bang)-TP
- Tax Payer : Nordex India Pvt Ltd, (Formerly known as Acciona Windpower India Pvt Ltd)
Income tax Appellate Tribunal
ITAT: Upholds capacity under-utilisation adjustment to comparables in first full year of commercial operations
Jun 07, 2023
- In Favour of Assessee
- Citation Number : TS-335-ITAT-2023(Kol)-TP
- Tax Payer : Kyocera CTC Precision Tools Pvt Ltd
Income tax Appellate Tribunal
ITAT: Deletes TP adjustment as TPO-reference abated post search u/s 132
Jun 07, 2023
- In Favour of Both, Partially
- Citation Number : TS-336-ITAT-2023(Mum)-TP
- Tax Payer : Veritas (India) Ltd
Supreme Court
SC: Dismisses assessee’s SLP challenging HC’s direction to TPO to pass fresh order
Jun 07, 2023
- In Favour of Revenue
- Citation Number : TS-337-SC-2023-TP
- Tax Payer : Motonic India Automotive Pvt Ltd
Income tax Appellate Tribunal
ITAT: Holds omission of Sec.92BA(i) invalidates TPO reference qua SDTs, follows precedents
Jun 06, 2023
- In Favour of Assessee
- Citation Number : TS-331-ITAT-2023(Bang)-TP
- Tax Payer : Bhuwalka Steel Industries Ltd
Income tax Appellate Tribunal
ITAT: Directs interest computation on outstanding receivables applying LIBOR+200bps
Jun 06, 2023
- In Favour of Both, Partially
- Citation Number : TS-332-ITAT-2023(Bang)-TP
- Tax Payer : Finastra Software Solutions (India) Pvt Ltd
Income tax Appellate Tribunal
ITAT: Quashes TPO/assessment orders as time-barred, follows Pfizer ruling
Jun 06, 2023
- In Favour of Assessee
- Citation Number : TS-333-ITAT-2023(Mum)-TP
- Tax Payer : World Sports (India) Pvt Ltd
Income tax Appellate Tribunal
ITAT: DRP directions sans DIN renders consequential final assessment order invalid; Follows Brandix ruling
Jun 06, 2023
- In Favour of Assessee
- Citation Number : TS-330-ITAT-2023(Bang)-TP
- Tax Payer : Unisys India Private Limited
Income tax Appellate Tribunal
ITAT: SB holds 'Other Method' Most Appropriate qua 'bundle of sports rights'; Vice-President disagrees
Jun 05, 2023
- In Favour of Both, Partially
- Citation Number : TS-329-ITAT-2023(Mum)-TP
- Tax Payer : Star India Private Limited
Income tax Appellate Tribunal
ITAT: Remits TP adjustment qua sale of finished goods for fresh examination
Jun 05, 2023
- In Favour of Both, Partially
- Citation Number : TS-325-ITAT-2023(HYD)-TP
- Tax Payer : Auronext Pharma Private Limited
Income tax Appellate Tribunal
ITAT: Remits TP-adjustment qua linear agency services, fixes notional interest @6% on outstanding receivables
Jun 05, 2023
- In Favour of Both, Partially
- Citation Number : TS-326-ITAT-2023(HYD)-TP
- Tax Payer : Seaways Shipping and Logistics Ltd
Income tax Appellate Tribunal
ITAT: Imputes 0.5% fee on corporate & performance guarantees, prefers external TNMM for purchase/sale
Jun 05, 2023
- In Favour of Both, Partially
- Citation Number : TS-327-ITAT-2023(PUN)-TP
- Tax Payer : Bilcare Limited