Rulings ( 11908 results )

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Income tax Appellate Tribunal

ITAT: Upholds CIT(A)'s comparables' selection, grant of depreciation & working capital adjustments

  • In Favour of Assessee
  • Citation Number : TS-688-ITAT-2023(Mum)-TP
  • Tax Payer : Zensar Technologies Ltd
Income tax Appellate Tribunal

ITAT: Remits disallowance of trademark fees, directs AO to consider assessee's evidence

  • In Favour of Assessee
  • Citation Number : TS-689-ITAT-2023(CHNY)-TP
  • Tax Payer : Alstom T&D India Limited
Income tax Appellate Tribunal

ITAT: Upholds 263 order as TPO’s order erroneous/prejudicial; Explains revision powers wrt TP

  • In Favour of Revenue
  • Citation Number : TS-686-ITAT-2023(Mum)-TP
  • Tax Payer : Zenzi Pharmaceutical Industries Pvt Ltd
Income tax Appellate Tribunal

ITAT: Determines corporate guarantee commission @ 0.5%; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-685-ITAT-2023(CHNY)-TP
  • Tax Payer : Aban Offshore Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment qua outstanding-receivables; TPO to grant assessee opportunity to be heard

  • In Favour of Assessee
  • Citation Number : TS-684-ITAT-2023(HYD)-TP
  • Tax Payer : BA Continuum India Private Limited
Income tax Appellate Tribunal

ITAT: Quashes TPO's order; Signature date being order date, ascertains limitation accordingly

  • In Favour of Assessee
  • Citation Number : TS-683-ITAT-2023(Mum)-TP
  • Tax Payer : Zydus Wellness Products Limited
Income tax Appellate Tribunal

ITAT: Treats redeemable, non-convertible preference shares as ‘quasi capital’, benchmarks basis LIBOR

  • In Favour of Assessee
  • Citation Number : TS-682-ITAT-2023(Mum)-TP
  • Tax Payer : Thomas Cook (India) Limited
Income tax Appellate Tribunal

ITAT: Confirms CIT(A)’s adoption of corporate-guarantee commission @ 0.53%; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-678-ITAT-2023(HYD)-TP
  • Tax Payer : NCC Limited
Income tax Appellate Tribunal

ITAT: Directs AO to pass assessment order in conformity with DRP's directions, follows precedents

  • In Favour of Assessee
  • Citation Number : TS-680-ITAT-2023(DEL)-TP
  • Tax Payer : Hitachi Astemo Haryana Private Ltd
High Court

HC: Rejects TP adjustment for notional interest on outstanding receivables; Follows Kusum Healthcare

  • In Favour of Assessee
  • Citation Number : TS-679-HC-2023(DEL)-TP
  • Tax Payer : Inductis India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee's additional-evidence application qua new comparables, delay inconsequential absent malafides

  • In Favour of Assessee
  • Citation Number : TS-681-ITAT-2023(DEL)-TP
  • Tax Payer : American Express Services India Ltd
Income tax Appellate Tribunal

ITAT: Deletes SDT-adjustment citing Sec.92BA(i) omission; Follows SC-rulings on delay condonation

  • In Favour of Assessee
  • Citation Number : TS-677-ITAT-2023(Kol)-TP
  • Tax Payer : L & T Finance Ltd
Income tax Appellate Tribunal

ITAT: Rejects aggregation of SWD/ITeS segments; Remits matter for fresh consideration

  • In Favour of Both, Partially
  • Citation Number : TS-676-ITAT-2023(Bang)-TP
  • Tax Payer : Huawei Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits management fee adjustment, rejects assessee’s alternative MAM for goods imported; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-674-ITAT-2023(CHNY)-TP
  • Tax Payer : Gates Unitta India Company Private Limited
Income tax Appellate Tribunal

ITAT: Dismisses US-AE related issues in light of MAP resolution, UK-AE issue due to smallness of amount

  • In Favour of Assessee
  • Citation Number : TS-675-ITAT-2023(HYD)-TP
  • Tax Payer : TechAspect Solutions Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustments qua guarantee commission, interest on loan for Adani Ports & SEZ

  • In Favour of Both, Partially
  • Citation Number : TS-673-ITAT-2023(Ahd)-TP
  • Tax Payer : Adani Ports and Special Economic Zone Ltd
Income tax Appellate Tribunal

ITAT: Holds forex gains as operating income; Rules on comparables in IT/ITeS segments

  • In Favour of Both, Partially
  • Citation Number : TS-671-ITAT-2023(CHNY)-TP
  • Tax Payer : Verizon Data Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on ALP for transfer of power qua 80IA eligible units; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-672-ITAT-2023(CHNY)-TP
  • Tax Payer : Tamilnadu Newsprint and Papers Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment qua performance guarantee where most benefit accrued to assessee

  • In Favour of Assessee
  • Citation Number : TS-670-ITAT-2023(Mum)-TP
  • Tax Payer : Afcons Infrastructure Limited
High Court

HC: Grants ad-interim relief till 31 January 2024, stays tax demand in case of PayPal

  • In Favour of Assessee
  • Citation Number : TS-669-HC-2023(BOM)-TP
  • Tax Payer : PayPal Payments Private Limited