Rulings ( 11519 results )

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Income tax Appellate Tribunal

ITAT: Margin accepted under MAP w.r.t interest on delayed Swiss AE-receivables applicable to non-AE transactions also

Apr 03, 2023
  • In Favour of Assessee
  • Citation Number : TS-195-ITAT-2023(Bang)-TP
  • Tax Payer : ABB Global Industries & Services P Ltd
Income tax Appellate Tribunal

ITAT: Upholds 0.5% guarantee fee following earlier order; Remits benchmarking interest on AE advances

Mar 31, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-190-ITAT-2023(Mum)-TP
  • Tax Payer : Hindalco Industries Ltd
Income tax Appellate Tribunal

ITAT: Upholds deletion of TP-adjustment qua commission for procurement, assignment of contract w.r.t offshore drilling

Mar 31, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-191-ITAT-2023(Mum)-TP
  • Tax Payer : Transocean Drilling Services (I) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Benefit of tolerance-range available even with a single comparable, Follows earlier order

Mar 31, 2023
  • In Favour of Assessee
  • Citation Number : TS-192-ITAT-2023(Kol)-TP
  • Tax Payer : Philips India Limited
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s appeal for want of removal of defects in an ex-parte order

Mar 30, 2023
  • In Favour of Revenue
  • Citation Number : TS-934-ITAT-2022(CHNY)-TP
  • Tax Payer : Slam Clothing Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects segmental allocation of employee cost citing maintenance of separate records; Rules on comparables

Mar 30, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-189-ITAT-2023(DEL)-TP
  • Tax Payer : WSP Consultants India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds fixing guarantee commission @0.35%, internal CUP qua brokerage, levying mark-up on expense reimbursement

Mar 30, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-188-ITAT-2023(Mum)-TP
  • Tax Payer : Macrotech Developers Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables, remits margin computation for captive service provider; Follows Precedents

Mar 30, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-187-ITAT-2023(Bang)-TP
  • Tax Payer : EMC Software and Services India P Ltd
Income tax Appellate Tribunal

ITAT: Deletes BLT based AMP adjustment in RayBan's case in second round of proceedings

Mar 29, 2023
  • In Favour of Assessee
  • Citation Number : TS-184-ITAT-2023(DEL)-TP
  • Tax Payer : Ray Ban Sun Optics India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua SDTs considering omission of Sec 92BA(i); Follows precedents

Mar 29, 2023
  • In Favour of Assessee
  • Citation Number : TS-185-ITAT-2023(CHNY)-TP
  • Tax Payer : Voora Property Developers Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts CUP as MAM for Lenovo India's manufacturing segment; Follows earlier-order

Mar 29, 2023
  • In Favour of Assessee
  • Citation Number : TS-186-ITAT-2023(Bang)-TP
  • Tax Payer : Lenovo (India) Private Ltd
Income tax Appellate Tribunal

ITAT: Upholds DRP’s adoption of interest @LIBOR+2%; Affirms exclusion of Infosys, L&T Infotech as comparables

Mar 28, 2023
  • In Favour of Assessee
  • Citation Number : TS-719-ITAT-2021(HYD)-TP
  • Tax Payer : Prithvi Information Solutions Ltd.
Income tax Appellate Tribunal

ITAT: Companies cannot be excluded by merely citing different-FY, high/low turnover; Remits risk-adjustment plea

Mar 28, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-182-ITAT-2023(DEL)-TP
  • Tax Payer : Rampgreen Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds TPO-order barred by limitation; Quashes final assessment-order holding assessee as ‘ineligible’

Mar 28, 2023
  • In Favour of Assessee
  • Citation Number : TS-181-ITAT-2023(Mum)-TP
  • Tax Payer : Teleperformance Global Services Private Limited
Income tax Appellate Tribunal

ITAT: Excludes software product companies in SWD segment, remits TP-adjustment qua outstanding receivables

Mar 28, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-183-ITAT-2023(Bang)-TP
  • Tax Payer : Mavenir Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3 comparables under ITeS segment, grants working-capital adjustment; Follows earlier order

Mar 27, 2023
  • In Favour of Assessee
  • Citation Number : TS-178-ITAT-2023(Bang)-TP
  • Tax Payer : Global e-Business Operations Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes TPO and final assessment orders being time-barred for ‘ineligible assessee’; Follows precedents

Mar 27, 2023
  • In Favour of Assessee
  • Citation Number : TS-179-ITAT-2023(Mum)-TP
  • Tax Payer : Strides Shasun Limited (formerly known as Strides Arcolab Limited)
Income tax Appellate Tribunal

ITAT: Holds Tubacex not an ‘eligible assessee’ basis TPO order barred by limitation; Follows precedents

Mar 27, 2023
  • In Favour of Assessee
  • Citation Number : TS-180-ITAT-2023(Mum)-TP
  • Tax Payer : Tubacex Prakash India Private Limited
Income tax Appellate Tribunal

ITAT: Accepts assessee’s inter-unit electricity transmission cost qua 80-IA eligible unit, citing assessee’s ALP fell within median range

Mar 27, 2023
  • In Favour of Assessee
  • Citation Number : TS-177-ITAT-2023(Mum)-TP
  • Tax Payer : Reliance Infrastructure Ltd
Income tax Appellate Tribunal

ITAT: Remits on matters of cost allocation and margin computation, Allows working capital adjustment

Mar 24, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-175-ITAT-2023(Bang)-TP
  • Tax Payer : Quest Global Engineering Services Pvt Ltd