Rulings ( 11332 results )

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Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar comparables qua ITeS segment, remits working capital adjustment

Jan 10, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-06-ITAT-2023(PUN)-TP
  • Tax Payer : Rage Frameworks India Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables, upholds interest @LIBOR+200bps on receivables allowing 120 days' credit period

Jan 10, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-918-ITAT-2022(HYD)-TP
  • Tax Payer : Quislex Legal Services P Ltd
Supreme Court

SC: Dismisses assessee’s SLP against HC-decision which held no substantial question of law in remanding TP-issue

Jan 10, 2023
  • In Favour of Revenue
  • Citation Number : TS-05-SC-2023-TP
  • Tax Payer : Jubilant Pharmova Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua purchase of raw materials & goods and sales, follows earlier order

Jan 09, 2023
  • In Favour of Assessee
  • Citation Number : TS-04-ITAT-2023(Kol)-TP
  • Tax Payer : DIC India Limited
High Court

HC: ITAT’s remand for considering assessee’s additional evidence not prejudicial to either party; Dismisses Revenue's appeal

Jan 09, 2023
  • In Favour of Assessee
  • Citation Number : TS-915-HC-2022(DEL)-TP
  • Tax Payer : YKK India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables under SWD segment, remits working capital adjustment

Jan 09, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-917-ITAT-2022(Mum)-TP
  • Tax Payer : Symantec Software India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes AO’s assessment-order passed in name of non-existing company despite knowledge of amalgamation

Jan 09, 2023
  • In Favour of Assessee
  • Citation Number : TS-916-ITAT-2022(Mum)-TP
  • Tax Payer : Accenture Solutions Private Limited
High Court

HC: Admits Revenue’s appeal; Frames substantial question of law on revisionary jurisdiction and margin computation

Jan 09, 2023
  • In Favour of Revenue
  • Citation Number : TS-914-HC-2022(BOM)-TP
  • Tax Payer : Tetra Pak India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Admits assessee’s additional evidence w.r.t services received from AE, restores issues to TPO

Jan 06, 2023
  • In Favour of Assessee
  • Citation Number : TS-1518-ITAT-2018(DEL)-TP
  • Tax Payer : YKK India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits issue of treating third party as AEs absent lower authorities' concrete evidence

Jan 06, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-912-ITAT-2022(Mum)-TP
  • Tax Payer : Shreya Life Sciences Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Unilever Industries’ appeal as withdrawn in light of APA resolution

Jan 06, 2023
  • In Favour of Assessee
  • Citation Number : TS-02-ITAT-2023(Mum)-TP
  • Tax Payer : Unilever Industries Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes AMP addition sans 'international transaction' following earlier orders, holds no basis for intensity adjustment

Jan 06, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-03-ITAT-2023(DEL)-TP
  • Tax Payer : Xerox India Ltd
Income tax Appellate Tribunal

ITAT: Holds book profit increased while computing the same u/s 115JB as incorrect; Deletes TP-adjustment

Jan 06, 2023
  • In Favour of Assessee
  • Citation Number : TS-913-ITAT-2022(Mum)-TP
  • Tax Payer : Deutsche India Pvt Ltd (Formerly DBOI Global Services Ltd)
Income tax Appellate Tribunal

ITAT: Quashes assessment-order given no variation in income due to mere recharacterisation; 144C jurisdiction wrongful

Jan 05, 2023
  • In Favour of Assessee
  • Citation Number : TS-909-ITAT-2022(DEL)-TP
  • Tax Payer : Superbrands Ltd. (UK)
Income tax Appellate Tribunal

ITAT: Remits benchmarking of import of raw materials from third-party vendors under arrangement with AE

Jan 05, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-01-ITAT-2023(PUN)-TP
  • Tax Payer : Kimberly Clark Lever Private Limited
Income tax Appellate Tribunal

ITAT: Quashes TPO’s order, final assessment order being barred by limitation; Follows precedents

Jan 05, 2023
  • In Favour of Assessee
  • Citation Number : TS-910-ITAT-2022(Mum)-TP
  • Tax Payer : Mercator Ltd
Income tax Appellate Tribunal

ITAT: AMP expense not an international transaction, Deletes adjustment, Follows earlier order

Jan 05, 2023
  • In Favour of Assessee
  • Citation Number : TS-911-ITAT-2022(Mum)-TP
  • Tax Payer : Mattel Toys (India) P Ltd
Income tax Appellate Tribunal

ITAT: Dismisses revenue’s appeal qua TP-adjustment w.r.t. corporate guarantee fee and SDTs; Follows precedents

Jan 04, 2023
  • In Favour of Assessee
  • Citation Number : TS-905-ITAT-2022(Kol)-TP
  • Tax Payer : Electrosteel Castings Ltd
Income tax Appellate Tribunal

ITAT: Remits benchmarking interest on NCDs; Directs AO/TPO to prefer internal comparables, verify currency denomination

Jan 04, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-906-ITAT-2022(Bang)-TP
  • Tax Payer : Dans Energy Private Limited
Income tax Appellate Tribunal

ITAT: Excludes comparables whose turnover exceeded 200Cr & which were erroneously included in OGE

Jan 04, 2023
  • In Favour of Assessee
  • Citation Number : TS-907-ITAT-2022(Bang)-TP
  • Tax Payer : CME India & Technology Support Services Pvt Ltd