Rulings ( 11332 results )
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustment qua payment of technical consultancy fee; Follows rulings in group concern's case
Feb 06, 2023
- In Favour of Assessee
- Citation Number : TS-55-ITAT-2023(Mum)-TP
- Tax Payer : Merck Specialities Pvt Ltd
Income tax Appellate Tribunal
ITAT: Accepts Lenovo India's CUP as MAM for manufacturing segment, deletes AMP-adjustment
Feb 06, 2023
- In Favour of Assessee
- Citation Number : TS-56-ITAT-2023(Bang)-TP
- Tax Payer : Lenovo (India) Private Ltd
Income tax Appellate Tribunal
ITAT: Dismisses assessee’s appeal on TP grounds as withdrawn in light of MAP resolution
Feb 03, 2023
- In Favour of Assessee
- Citation Number : TS-51-ITAT-2023(Bang)-TP
- Tax Payer : Northern Operating Services Pvt Ltd
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustment qua payment of interest w.r.t purchase of ships, follows earlier order
Feb 03, 2023
- In Favour of Assessee
- Citation Number : TS-929-ITAT-2022(Mum)-TP
- Tax Payer : Ambuja Cement Limited (formerly Known as Gujarat Ambuja Cements Ltd)
Income tax Appellate Tribunal
ITAT: Adopts corporate guarantee commission rate of 0.5%; Directs compliance of DRP’s directions on outstanding receivables
Feb 03, 2023
- In Favour of Both, Partially
- Citation Number : TS-52-ITAT-2023(HYD)-TP
- Tax Payer : Vivimed Labs Ltd
Income tax Appellate Tribunal
ITAT: Excludes 3 comparables in ITeS segment for Standard Chartered Finance Limited; Follows precedent
Feb 03, 2023
- In Favour of Assessee
- Citation Number : TS-50-ITAT-2023(Mum)-TP
- Tax Payer : Standard Chartered Finance Ltd
High Court
HC: Quashes draft order u/s.144C, holds grant of one day is virtually giving no time for hearing
Feb 03, 2023
- In Favour of Assessee
- Citation Number : TS-49-HC-2023(GUJ)-TP
- Tax Payer : Cadila Pharmaceuticals Limited
Income tax Appellate Tribunal
ITAT: Upholds CIT(A)’s ALP determination qua license fee adopting CUP over Ambuja Cement’s TNMM
Jan 31, 2023
- In Favour of Revenue
- Citation Number : TS-928-ITAT-2022(Mum)-TP
- Tax Payer : Ambuja Cement Limited (formerly Known as Gujarat Ambuja Cements Ltd)
Income tax Appellate Tribunal
ITAT: Dismisses Revenue's appeal; Upholds CIT(A)'s deletion of Sec.271G-penalty
Jan 31, 2023
- In Favour of Assessee
- Citation Number : TS-48-ITAT-2023(DEL)-TP
- Tax Payer : Kindle Engineering & Construction Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rules on comparables under marketing & support-service segment, upholds deletion of AMP adjustment
Jan 31, 2023
- In Favour of Both, Partially
- Citation Number : TS-47-ITAT-2023(DEL)-TP
- Tax Payer : Karl Storz Endoscopy India Pvt Ltd
High Court
HC: Admits appeal qua comparables-selection under ITES for Goldman Sachs; Frames 3 questions of law
Jan 31, 2023
- In Favour of Both, Partially
- Citation Number : TS-46-HC-2023(BOM)-TP
- Tax Payer : Goldman Sachs (India) Securities Pvt Ltd
Income tax Appellate Tribunal
ITAT: Holds validity of final assessment-order; Remits issue of technical service fee paid given pendency of APA
Jan 30, 2023
- In Favour of Both, Partially
- Citation Number : TS-45-ITAT-2023(VIZ)-TP
- Tax Payer : Teejay India Private Limited
Income tax Appellate Tribunal
ITAT: Upholds deletion of adjustment towards sales/services rendered by assessee's head office
Jan 30, 2023
- In Favour of Assessee
- Citation Number : TS-44-ITAT-2023(DEL)-TP
- Tax Payer : Lummus Technology Heat Transfer BV
Income tax Appellate Tribunal
ITAT: Rejects Dell India's plea for capacity utilization adjustment, cites lack of industry trend details
Jan 30, 2023
- In Favour of Both, Partially
- Citation Number : TS-43-ITAT-2023(Bang)-TP
- Tax Payer : Dell International Services India Private Limited
Income tax Appellate Tribunal
ITAT: Upholds aggregation of sales and purchase operations qua technical support-service fee payments; Rules on comparables
Jan 27, 2023
- In Favour of Both, Partially
- Citation Number : TS-40-ITAT-2023(VIZ)-TP
- Tax Payer : Teejay India Private Limited
Income tax Appellate Tribunal
ITAT: Rules on comparables qua SWD, ITeS segments; Remits issues w.r.t margin computation, interest on receivables
Jan 27, 2023
- In Favour of Both, Partially
- Citation Number : TS-41-ITAT-2023(DEL)-TP
- Tax Payer : Qualcomm India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Upholds TP-adjustment qua payment for bareboat rentals and ship management services
Jan 27, 2023
- In Favour of Revenue
- Citation Number : TS-42-ITAT-2023(VIZ)-TP
- Tax Payer : Lewek Altair Shipping Private Ltd
High Court
HC: Invalidates reassessment proceedings beyond 4 years considering Pfizer Healthcare's full disclosure
Jan 27, 2023
- In Favour of Assessee
- Citation Number : TS-927-HC-2022(MAD)-TP
- Tax Payer : Pfizer Healthcare India Private Limited (formerly known as Hospira Healthcare India Private Limited)
Income tax Appellate Tribunal
ITAT: Directs re-working of CG-VAK Software’s operating margin; Includes provision for doubtful debts as operating
Jan 25, 2023
- In Favour of Both, Partially
- Citation Number : TS-37-ITAT-2023(Mum)-TP
- Tax Payer : Zedo (India) Pvt Ltd
Income tax Appellate Tribunal
ITAT: Allows adjustment qua forex fluctuation and depreciation; Restores PLI computation for manufacturing segment
Jan 25, 2023
- In Favour of Assessee
- Citation Number : TS-39-ITAT-2023(DEL)-TP
- Tax Payer : DE Diamond Electric India Pvt Ltd