Rulings ( 11519 results )

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Income tax Appellate Tribunal

ITAT: Allows working capital adjustment; Remits issues on comparables, interest of AE receivables; Follows precedents

Apr 12, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-214-ITAT-2023(Bang)-TP
  • Tax Payer : Parexel International Clinical Research Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs TPO to recompute adjustment qua outstanding trade-receivables considering 60 days' credit period

Apr 12, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-211-ITAT-2023(CHNY)-TP
  • Tax Payer : Hi-Tech Arai Pvt Ltd
Income tax Appellate Tribunal

ITAT: Recalls its order considering sufficient cause for assessee’s non-appearance

Apr 11, 2023
  • In Favour of Assessee
  • Citation Number : TS-935-ITAT-2022(CHNY)-TP
  • Tax Payer : Siva Ventures Ltd.
Income tax Appellate Tribunal

ITAT: Accepts assessee’s benchmarking @ 5.25% qua interest on loan advanced to AE

Apr 11, 2023
  • In Favour of Assessee
  • Citation Number : TS-207-ITAT-2023(Mum)-TP
  • Tax Payer : Welspun Corp Ltd
Income tax Appellate Tribunal

ITAT: No adjustment qua interest on delayed-receivables required if payment realised within credit-period; Remits issue

Apr 11, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-208-ITAT-2023(Bang)-TP
  • Tax Payer : Atos IT Services Private Limited
Income tax Appellate Tribunal

ITAT: Deletes ad-hoc addition made by treating price penetration adjustment as income; Follows precedents

Apr 11, 2023
  • In Favour of Assessee
  • Citation Number : TS-209-ITAT-2023(DEL)-TP
  • Tax Payer : Mitsui Prime Advanced Composites India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP adjustments qua RBI-approved royalty, engineering fees, etc.; Follows earlier order

Apr 11, 2023
  • In Favour of Assessee
  • Citation Number : TS-210-ITAT-2023(Mum)-TP
  • Tax Payer : Thyssenkrupp Industries India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts assessee’s plea w.r.t. comparables’ selection; Follows precedents

Apr 10, 2023
  • In Favour of Assessee
  • Citation Number : TS-203-ITAT-2023(Mum)-TP
  • Tax Payer : Datamatics Global Services Ltd
Income tax Appellate Tribunal

ITAT: Excludes Infosys Ltd as comparable under SWD service segment, allows working capital adjustment

Apr 10, 2023
  • In Favour of Revenue
  • Citation Number : TS-204-ITAT-2023(Bang)-TP
  • Tax Payer : Atos IT Services Private Limited
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s appeal as withdrawn in light of India-US MAP resolution

Apr 10, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-206-ITAT-2023(Bang)-TP
  • Tax Payer : Target Corporation India P Ltd
Income tax Appellate Tribunal

ITAT: Rejects assessee's plea for employee cost normalization adjustment; Applies upper turnover filter under SWD segment

Apr 10, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-205-ITAT-2023(Bang)-TP
  • Tax Payer : Indegene Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects Revenue's recharacterization of Timex India as SWD service provider; Remits AMP-adjustment

Apr 06, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-202-ITAT-2023(DEL)-TP
  • Tax Payer : Timex Group India Limited
Income tax Appellate Tribunal

ITAT: Holds LIBOR benchmarking appropriate for interest on AE-loan; Deletes TP-adjustment

Apr 06, 2023
  • In Favour of Assessee
  • Citation Number : TS-201-ITAT-2023(Kol)-TP
  • Tax Payer : Eveready Industries India Ltd
Income tax Appellate Tribunal

ITAT: Treats special loan transaction separate and distinct from loan simplicitor; Follows precedents

Apr 06, 2023
  • In Favour of Assessee
  • Citation Number : TS-200-ITAT-2023(Mum)-TP
  • Tax Payer : Tata Chemicals Limited
Income tax Appellate Tribunal

ITAT: TPO's finding w.r.t non-receipt of management services erroneous, deletes TP-adjustment

Apr 05, 2023
  • In Favour of Assessee
  • Citation Number : TS-198-ITAT-2023(PUN)-TP
  • Tax Payer : Benteler Automotive India Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables' selection under SWD / ITeS segments, follows precedents

Apr 05, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-199-ITAT-2023(Bang)-TP
  • Tax Payer : Tangoe India Softek Services Private Limited
Income tax Appellate Tribunal

ITAT: Accepts assessee’s aggregate approach qua sale of imported and assembles products; Deletes AMP adjustment

Apr 04, 2023
  • In Favour of Assessee
  • Citation Number : TS-194-ITAT-2023(Mum)-TP
  • Tax Payer : Gigabyte Technology (India) Private Ltd
Income tax Appellate Tribunal

ITAT: Deletes excess AMP expenditure, excludes comparables, dismisses assessee’s appeal as infructuous

Apr 04, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-193-ITAT-2023(Bang)-TP
  • Tax Payer : Alcon Laboratories (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds TP-provisions inapplicable to income covered under Tonnage Tax Scheme; Follows precedent

Apr 04, 2023
  • In Favour of Assessee
  • Citation Number : TS-197-ITAT-2023(Kol)-TP
  • Tax Payer : Sarat Chatterjee & Co VSP Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP determination qua management service charges citing assessee’s failure to provide evidence

Apr 03, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-196-ITAT-2023(CHNY)-TP
  • Tax Payer : TENOVA India Pvt Ltd