Rulings ( 11332 results )

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Income tax Appellate Tribunal

ITAT: Grants 90 days credit period, adopts LIBOR+300 bps as interest rate on outstanding-receivables

Jan 17, 2023
  • In Favour of Assessee
  • Citation Number : TS-18-ITAT-2023(Bang)-TP
  • Tax Payer : Thought Focus Information Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Retains Cades Digitech Ltd as comparable; Holds forex loss/gain as operating in nature

Jan 17, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-19-ITAT-2023(CHNY)-TP
  • Tax Payer : Faurecia Emissions Control Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds Instruction 3/2016 operates qua fresh ALP determination, not w.r.t adopting amount disclosed by assessee

Jan 17, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-15-ITAT-2023(PUN)-TP
  • Tax Payer : Shriram Foundry Pvt Ltd
High Court

HC: Directs TPO to redo ALP determination without being influenced by ITAT’s observations

Jan 17, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-926-HC-2022(MAD)-TP
  • Tax Payer : Shasun Pharmaceuticals Ltd [Formerly known as M/s Shasun Chemicals and Drugs Ltd]
Income tax Appellate Tribunal

ITAT: Allows Roche's appeal upon recall, upholds exclusion of functionally dissimilar comparable

Jan 16, 2023
  • In Favour of Assessee
  • Citation Number : TS-14-ITAT-2023(Mum)-TP
  • Tax Payer : Roche Diagnostics India Private Limited
Income tax Appellate Tribunal

ITAT: Considers assessee’s failure to produce details regarding asset purchase; Confirms NIL-ALP determination

Jan 16, 2023
  • In Favour of Revenue
  • Citation Number : TS-12-ITAT-2023(CHNY)-TP
  • Tax Payer : Flextronics Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes assessment order passed in violation of 144C; Directs Revenue to devise mechanism to rectify software

Jan 16, 2023
  • In Favour of Assessee
  • Citation Number : TS-13-ITAT-2023(HYD)-TP
  • Tax Payer : Apache Footwear India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes AMP adjustments in Coca Cola India's case, restores issue qua disallowance of service charges

Jan 16, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-11-ITAT-2023(PUN)-TP
  • Tax Payer : Coca Cola India Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables qua provision of SWD services, remits interest on delayed receivables

Jan 13, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-925-ITAT-2022-TP
  • Tax Payer : Applied Materials India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes AO’s reassessment order based on TPO's invalid order; Follows precedent

Jan 13, 2023
  • In Favour of Assessee
  • Citation Number : TS-10-ITAT-2023(Kol)-TP
  • Tax Payer : Witzenmann India Pvt Ltd
High Court

HC: Holds Sec.92CA as machinery provision, Sec.153 deals exclusively with limitation; Quashes assessment-order for Pfizer Healthcare

Jan 13, 2023
  • In Favour of Assessee
  • Citation Number : TS-924-HC-2022(MAD)-TP
  • Tax Payer : Pfizer Healthcare India Private Limited
Income tax Appellate Tribunal

ITAT: Holds fresh AMP adjustment in remand proceedings as bad in law; Out of scope of Sec 254(4)

Jan 12, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-922-ITAT-2022(Bang)-TP
  • Tax Payer : IBM India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses TCS' MA seeking rectification of order affirming TP-adjustment qua interest-free loan

Jan 12, 2023
  • In Favour of Revenue
  • Citation Number : TS-09-ITAT-2023(Mum)-TP
  • Tax Payer : Tata Consultancy Services Ltd
Income tax Appellate Tribunal

ITAT: Holds RPM, CUP method inapplicable to sale of bulk drugs; Remits ALP determination

Jan 11, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-400-ITAT-2013(CHNY)-TP
  • Tax Payer : Shasun Pharmaceuticals Ltd [Formerly known as M/s Shasun Chemicals and Drgus Ltd]
Income tax Appellate Tribunal

ITAT: Quashes TPO’s order passed beyond time limit as well as subsequent TP-adjustment

Jan 11, 2023
  • In Favour of Assessee
  • Citation Number : TS-921-ITAT-2022(Mum)-TP
  • Tax Payer : Multi Screen Media Pvt Ltd
Income tax Appellate Tribunal

ITAT: Sets aside final assessment order passed without regard to DRP's directions, remands issue to AO

Jan 11, 2023
  • In Favour of Assessee
  • Citation Number : TS-07-ITAT-2023(HYD)-TP
  • Tax Payer : Gameloft Software Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables in SWD and ITeS segments failing upper turnover filter; Follows precedents

Jan 11, 2023
  • In Favour of Assessee
  • Citation Number : TS-08-ITAT-2023(Bang)-TP
  • Tax Payer : Eurofins IT Solutions India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua AMP expenditure and interest on AE-receivables; Follows precedents

Jan 10, 2023
  • In Favour of Assessee
  • Citation Number : TS-1264-ITAT-2019(DEL)-TP
  • Tax Payer : AMADEUS INDIA PVT LTD
High Court

HC: Deletes protective and substantive adjustments made on AMP expenditure; Follows earlier orders

Jan 10, 2023
  • In Favour of Assessee
  • Citation Number : TS-920-HC-2022(DEL)-TP
  • Tax Payer : AMADEUS INDIA PVT LTD
High Court

HC: Dismisses assessee’s appeal against ITAT order remitting corporate-guarantee commission issue

Jan 10, 2023
  • In Favour of Revenue
  • Citation Number : TS-919-HC-2022(ALL)-TP
  • Tax Payer : Jubilant Pharmova Ltd