Rulings ( 11332 results )
Income tax Appellate Tribunal
ITAT: Directs imputation of notional interest @ 6% on delayed AE-receivables
Jan 25, 2023
- In Favour of Revenue
- Citation Number : TS-38-ITAT-2023(HYD)-TP
- Tax Payer : Apache Footwear India Private Limited
Income tax Appellate Tribunal
ITAT: Upholds CIT(A) order w.r.t admission of additional evidences; Dismisses Revenue’s appeal
Jan 24, 2023
- In Favour of Assessee
- Citation Number : TS-34-ITAT-2023(Mum)-TP
- Tax Payer : Proctor & Gamble Hygiene & Healthcare Co Ltd
Income tax Appellate Tribunal
ITAT: Holds TPO's ALP determination for management services at NIL as unsustainable; Deletes adjustment
Jan 24, 2023
- In Favour of Assessee
- Citation Number : TS-35-ITAT-2023(DEL)-TP
- Tax Payer : CEVA Logistics India P Ltd
Income tax Appellate Tribunal
ITAT: Holds interest on delayed receivables as international-transaction, allows 60 days' credit period
Jan 24, 2023
- In Favour of Both, Partially
- Citation Number : TS-36-ITAT-2023(DEL)-TP
- Tax Payer : Veolia India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Directs denovo benchmarking of transaction pertaining to issuing of bank guarantee; Follows precedent
Jan 23, 2023
- In Favour of Both, Partially
- Citation Number : TS-31-ITAT-2023(Mum)-TP
- Tax Payer : Mizuho Bank Ltd
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustment qua notional interest on AE-receivables, follows Kusum Healthcare & Orange Business
Jan 23, 2023
- In Favour of Assessee
- Citation Number : TS-32-ITAT-2023(DEL)-TP
- Tax Payer : ALcatel Lucent India Ltd
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustment w.r.t receipt of advisory services, follows earlier year order
Jan 23, 2023
- In Favour of Assessee
- Citation Number : TS-33-ITAT-2023(PUN)-TP
- Tax Payer : Grupo Antolin India Pvt. Ltd (Erstwhile known as Grupo Antolin Pune Pvt. Ltd)
Income tax Appellate Tribunal
ITAT: Directs re-computing adjustment on AE trade receivables; Provides credit period of 60 days
Jan 20, 2023
- In Favour of Both, Partially
- Citation Number : TS-28-ITAT-2023(CHNY)-TP
- Tax Payer : Hi-Tech Arai Pvt Ltd
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustment with respect to AMP expenses, follows earlier orders
Jan 20, 2023
- In Favour of Assessee
- Citation Number : TS-29-ITAT-2023(Bang)-TP
- Tax Payer : Essilor India Private Limited
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustment wrt reimbursement of expenses and interest element thereon; Upholds CIT(A)’s findings
Jan 20, 2023
- In Favour of Assessee
- Citation Number : TS-30-ITAT-2023(Ahd)-TP
- Tax Payer : Aatash Narcontrol Limited
Income tax Appellate Tribunal
ITAT: Characterizes assessee as Placement & HR Consultancy Service provider over TPO’s ITeS-provider
Jan 20, 2023
- In Favour of Both, Partially
- Citation Number : TS-27-ITAT-2023(Bang)-TP
- Tax Payer : Adecco India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Excludes comparables with turnover exceeding 200 Cr qua SWD, ITeS segments
Jan 19, 2023
- In Favour of Both, Partially
- Citation Number : TS-24-ITAT-2023(Bang)-TP
- Tax Payer : Altair Engineering India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Excludes comparables whose turnover exceeded 200Cr for SWD service provider, grants working capital adjustment
Jan 19, 2023
- In Favour of Both, Partially
- Citation Number : TS-25-ITAT-2023(Bang)-TP
- Tax Payer : Sprinklr India Private Ltd
Income tax Appellate Tribunal
ITAT: Confirms Nil ALP for reimbursement of expenses; Assessee fails to discharge onus of proving rendition
Jan 19, 2023
- In Favour of Revenue
- Citation Number : TS-26-ITAT-2023(Ahd)-TP
- Tax Payer : Yanfeng India Automotive Interior Systems Pvt Ltd
Income tax Appellate Tribunal
ITAT: Adjudicates on working-capital adjustment, interest- rate on delayed receivables, margin computation & more!
Jan 18, 2023
- In Favour of Both, Partially
- Citation Number : TS-22-ITAT-2023(Bang)-TP
- Tax Payer : Wipro HR Services India Private Limited
Income tax Appellate Tribunal
ITAT: Holds assessee performs routine marketing functions, not distribution; Restores TPO’s order
Jan 18, 2023
- In Favour of Both, Partially
- Citation Number : TS-23-ITAT-2023(PUN)-TP
- Tax Payer : MSC Software Corporation India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Holds TP-adjustment cannot be beyond 100% of sale consideration receivable; Denies economic adjustments
Jan 18, 2023
- In Favour of Both, Partially
- Citation Number : TS-21-ITAT-2023(CHNY)-TP
- Tax Payer : Lotus Footwear Enterprises Ltd
Income tax Appellate Tribunal
ITAT: Holds royalty payment to be at ALP; Views against clubbing it with Manufacturing segment
Jan 18, 2023
- In Favour of Assessee
- Citation Number : TS-20-ITAT-2023(PUN)-TP
- Tax Payer : MAN Energy Solutions India Private Limited
Income tax Appellate Tribunal
ITAT: Excludes 10 comparables for failing upper turnover filter in SWD segment; Follows precedents
Jan 17, 2023
- In Favour of Assessee
- Citation Number : TS-16-ITAT-2023(Bang)-TP
- Tax Payer : Motorola Solutions Kodiak Networks India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustment qua management fees given similarity with prior years; Follows earlier orders
Jan 17, 2023
- In Favour of Assessee
- Citation Number : TS-17-ITAT-2023(Mum)-TP
- Tax Payer : Brinks India Pvt Ltd (Formerly known as ‘Brinks Arya (India) Private Ltd.’)