Rulings ( 11908 results )

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Income tax Appellate Tribunal

ITAT: Excludes comparables citing functional dissimilarity, lack of data; Remits working capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-570-ITAT-2023(Mum)-TP
  • Tax Payer : QAD India Private Limited
High Court

HC: Upholds ITAT order excluding Infosys & Wipro for SWD service-provider assessee

  • In Favour of Assessee
  • Citation Number : TS-568-HC-2023(DEL)-TP
  • Tax Payer : Global Logic India Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Deletes IGS adjustment, assessee availed few services under composite agreement

  • In Favour of Assessee
  • Citation Number : TS-567-ITAT-2023(Mum)-TP
  • Tax Payer : NTT India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds payment of interest on CCDs @ 9% not excessive, follows precedents

  • In Favour of Assessee
  • Citation Number : TS-566-ITAT-2023(NAG)-TP
  • Tax Payer : Bilt Graphic Paper Product Ltd
Income tax Appellate Tribunal

ITAT: Holds assessment-order passed without draft-order in remand proceedings as void

  • In Favour of Assessee
  • Citation Number : TS-565-ITAT-2023(Mum)-TP
  • Tax Payer : Tata Communications Transformation Services Limited
High Court

HC: Dismisses Revenue’s appeal citing Tribunal rightly excluded comparables based on merits

  • In Favour of Assessee
  • Citation Number : TS-564-HC-2023(DEL)-TP
  • Tax Payer : Mentor Graphics (India) Pvt Ltd
High Court

HC: Holds assessment on Himalaya Drug invalid as notice u/s 153C issued by AO before conferment of jurisdiction u/s 127

  • In Favour of Assessee
  • Citation Number : TS-723-HC-2021(KAR)-TP
  • Tax Payer : Himalaya Drug Company
Income tax Appellate Tribunal

ITAT: Upholds Infosys' exclusion as comparable under SWD services segment, dismisses Revenue’s appeal

  • In Favour of Assessee
  • Citation Number : TS-563-ITAT-2023(DEL)-TP
  • Tax Payer : Avaya India Private Limited
Income tax Appellate Tribunal

ITAT: Rejects NIL ALP qua R&D expenses, management fees; AO to apply prescribed method

  • In Favour of Both, Partially
  • Citation Number : TS-562-ITAT-2023(Mum)-TP
  • Tax Payer : Hamon Cooling Systems Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment citing +/- 5% tolerance band benefit u/s 92C(2) proviso

  • In Favour of Assessee
  • Citation Number : TS-560-ITAT-2023(DEL)-TP
  • Tax Payer : STEAG Energy Services (I) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Confirms SDT-adjustment using CUP over other method for benchmarking fuel stock trade

  • In Favour of Revenue
  • Citation Number : TS-561-ITAT-2023(Mum)-TP
  • Tax Payer : Malco Energy Limited
Income tax Appellate Tribunal

ITAT: Upholds deletion of royalty adjustment in TCS' case not being brand owner

  • In Favour of Both, Partially
  • Citation Number : TS-559-ITAT-2023(Mum)-TP
  • Tax Payer : Tata Consultancy Services Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables failing upper turnover filter and functionally dissimilar; Allows working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-558-ITAT-2023(Bang)-TP
  • Tax Payer : Euronet Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar comparables in SWD / MSS segments, remits interest on receivables

  • In Favour of Both, Partially
  • Citation Number : TS-557-ITAT-2023(Bang)-TP
  • Tax Payer : AMD India Private Ltd
Income tax Appellate Tribunal

ITAT: Excise-duty non-deductible from export turnover, Deletes royalty adjustment following earlier orders

  • In Favour of Assessee
  • Citation Number : TS-556-ITAT-2023(Kol)-TP
  • Tax Payer : Indian Explosives Private Ltd
Income tax Appellate Tribunal

ITAT: Restricts corporate guarantee fees for all AEs to 0.60%; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-555-ITAT-2023(Mum)-TP
  • Tax Payer : KEC International Ltd
High Court

HC: DRP cannot issue directions once appeal preferred before CIT(A); Quashes consequential assessment

  • In Favour of Assessee
  • Citation Number : TS-554-HC-2023(BOM)-TP
  • Tax Payer : Undercarriage and Tractor Parts Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds TP adjustment for improper allocation of expenses under trading and manufacturing segments

  • In Favour of Revenue
  • Citation Number : TS-552-ITAT-2023(PUN)-TP
  • Tax Payer : Ampacet Speciality Products Private Limited
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s plea, includes comparables primarily involved in SWD services

  • In Favour of Revenue
  • Citation Number : TS-551-ITAT-2023(DEL)-TP
  • Tax Payer : TPG Software Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects NIL ALP of technical know-how fee qua critical-boiler manufacturing JV

  • In Favour of Both, Partially
  • Citation Number : TS-553-ITAT-2023(Mum)-TP
  • Tax Payer : Thermax Babcock & Wilcox Energy Solutions Pvt Ltd