Rulings ( 11908 results )

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Income tax Appellate Tribunal

ITAT: Holds final assessment order time-barred, AO did not adhere to Sec.144C(13) mandate

  • In Favour of Assessee
  • Citation Number : TS-629-ITAT-2023(Mum)-TP
  • Tax Payer : Lubrizol Advanced Materials India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds corporate-guarantee as international transaction; Determines commission at 0.5%

  • In Favour of Both, Partially
  • Citation Number : TS-626-ITAT-2023(CHNY)-TP
  • Tax Payer : TVS Motor Company Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in research support for financial intermediary

  • In Favour of Both, Partially
  • Citation Number : TS-627-ITAT-2023(Mum)-TP
  • Tax Payer : Citigroup Global Markets (India) Private Limited
Income tax Appellate Tribunal

ITAT: Interprets S. 263 r.w. S. 144C(13); Upholds revision proceedings absent any inquiry into royalty/fees paid

  • In Favour of Revenue
  • Citation Number : TS-625-ITAT-2023(PAN)-TP
  • Tax Payer : Guala Closures India Private Limited
Income tax Appellate Tribunal

ITAT: ESOP expenses, forex & impairment losses non-operating for Amazon India; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-624-ITAT-2023(Bang)-TP
  • Tax Payer : Amazon Development Centre (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes adjustment on notional interest, assessee being a debt-free company; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-621-ITAT-2023(DEL)-TP
  • Tax Payer : Avaya India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment qua interest on outstanding receivables, considers Kusum Healthcare ruling

  • In Favour of Both, Partially
  • Citation Number : TS-622-ITAT-2023(DEL)-TP
  • Tax Payer : Teradata India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables for ITeS-provider; Cites functional-dissimilarity, absence of segmental results

  • In Favour of Assessee
  • Citation Number : TS-623-ITAT-2023(PUN)-TP
  • Tax Payer : FIS Solutions Software (India) Private Limited
High Court

HC: Dismisses Revenue’s appeal; Upholds AMP-adjustment deletion for Toshiba India

  • In Favour of Assessee
  • Citation Number : TS-940-HC-2022(DEL)-TP
  • Tax Payer : Toshiba India Pvt Ltd
High Court

HC: 'Base Erosion' being debatable issue, can't fasten penalty on Shell Global

  • In Favour of Assessee
  • Citation Number : TS-620-HC-2023(GUJ)-TP
  • Tax Payer : Shell Global Solutions International BV
Income tax Appellate Tribunal

ITAT: Applies interest @6% on outstanding receivables, notes assessee furnished insufficient evidence

  • In Favour of Revenue
  • Citation Number : TS-618-ITAT-2023(HYD)-TP
  • Tax Payer : Corteva Agriscience Services India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes comparables failing turnover filter, etc; Deletes interest on share application money for RIL

  • In Favour of Assessee
  • Citation Number : TS-619-ITAT-2023(Mum)-TP
  • Tax Payer : Reliance Industries Ltd
Income tax Appellate Tribunal

ITAT: Holds Indian project-office constitutes PE, remits profit attribution computation; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-616-ITAT-2023(CHNY)-TP
  • Tax Payer : Durr Systems Gmbh
Income tax Appellate Tribunal

ITAT: Deletes notional interest on delayed AE receivables, upholds USD LIBOR as ALP

  • In Favour of Assessee
  • Citation Number : TS-617-ITAT-2023(Mum)-TP
  • Tax Payer : Tech Mahindra Limited
Income tax Appellate Tribunal

ITAT: Interprets “and” as “or” in S.144C(15); Holds procedural law has retrospective application

  • In Favour of Revenue
  • Citation Number : TS-615-ITAT-2023(PUN)-TP
  • Tax Payer : Mr. Abrar Fakirmohmmad Shaikh
Income tax Appellate Tribunal

ITAT: Accepts Sumitomo Corp's TNMM over TPO's CUP for benchmarking indenting commission, follows precedent

  • In Favour of Assessee
  • Citation Number : TS-613-ITAT-2023(DEL)-TP
  • Tax Payer : Sumitomo Corporation India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts RPM as MAM for assessee-distributor; Remits comparables-selection issue

  • In Favour of Assessee
  • Citation Number : TS-614-ITAT-2023(DEL)-TP
  • Tax Payer : Karcher Cleaning Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes time-barred final assessment order, examines 'issue vs receipt' of DRP directions

  • In Favour of Assessee
  • Citation Number : TS-612-ITAT-2023(DEL)-TP
  • Tax Payer : Haier Appliances India (P) Ltd.
Income tax Appellate Tribunal

ITAT: Rules on comparables' selection under SWD, business support services segments

  • In Favour of Both, Partially
  • Citation Number : TS-610-ITAT-2023(DEL)-TP
  • Tax Payer : Aptive Components India P Ltd
Income tax Appellate Tribunal

ITAT: Holds Sec.40A(2)(b) inapplicable given assessee-JV structuring; Deletes penalty u/s.271G

  • In Favour of Both, Partially
  • Citation Number : TS-611-ITAT-2023(DEL)-TP
  • Tax Payer : Tapi JWil JV