Rulings ( 11908 results )

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Income tax Appellate Tribunal

ITAT: Invalidates assessment order as draft order passed with demand & penalty notices

  • In Favour of Assessee
  • Citation Number : TS-550-ITAT-2023(Mum)-TP
  • Tax Payer : Integreon Managed Solutions (India) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Assessee demonstrated need/benefit test, no infirmity in cost-allocation; Deletes IGS-adjustment

  • In Favour of Assessee
  • Citation Number : TS-549-ITAT-2023(Mum)-TP
  • Tax Payer : Emerson Network (Power (India) Private Limited
Income tax Appellate Tribunal

ITAT: Rejects NIL ALP of royalty payment, remits management fee adjustment; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-547-ITAT-2023(CHNY)-TP
  • Tax Payer : Siemens Gamesa Renewable Power Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts CUP for benchmarking consultancy services; Dismisses stay-application being infructuous

  • In Favour of Assessee
  • Citation Number : TS-548-ITAT-2023(DEL)-TP
  • Tax Payer : Willis Towers Watson India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes AMP adjustment for Kellogg India; Follows earlier ruling

  • In Favour of Assessee
  • Citation Number : TS-546-ITAT-2023(Mum)-TP
  • Tax Payer : Kellogg India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment disallowing interest paid to AE, observes Bank's PLR not comparable

  • In Favour of Assessee
  • Citation Number : TS-544-ITAT-2023(Mum)-TP
  • Tax Payer : AAA Corp Exim India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes SDT adjustment made pursuant to omission of 92BA(i); Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-545-ITAT-2023(Kol)-TP
  • Tax Payer : Softel Overseas Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adopts RPM over TNMM for benchmarking import transaction; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-542-ITAT-2023(Mum)-TP
  • Tax Payer : Celio Future Fashion Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-determination of management fee, royalty and sale promotion expenses; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-543-ITAT-2023(Bang)-TP
  • Tax Payer : United Breweries Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment for availing IGS, observes assessee fulfilled need/benefit test

  • In Favour of Assessee
  • Citation Number : TS-541-ITAT-2023(Mum)-TP
  • Tax Payer : Lord India Private Limited
High Court

HC: Quashes final assessment order passed without issuing draft assessment order; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-540-HC-2023(BOM)-TP
  • Tax Payer : CWT India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP addition qua IGS; Remits adjustment qua Technical Know-how-Royalty

  • In Favour of Both, Partially
  • Citation Number : TS-539-ITAT-2023(DEL)-TP
  • Tax Payer : Contitech India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment for loss making 80IC unit

  • In Favour of Assessee
  • Citation Number : TS-538-ITAT-2023(CHANDI)-TP
  • Tax Payer : Milestone Gears Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua reimbursement by PO to HO; Project awarded by HO to PO “international transaction”

  • In Favour of Assessee
  • Citation Number : TS-537-ITAT-2023(Ahd)-TP
  • Tax Payer : Sichuan Fortune Project Management Ltd
Income tax Appellate Tribunal

ITAT: Quashes assessment-order passed in non-existing company's name despite intimation

  • In Favour of Assessee
  • Citation Number : TS-535-ITAT-2023(Mum)-TP
  • Tax Payer : India Medtronic Private Limited
Income tax Appellate Tribunal

ITAT: Remits royalty benchmarking; Directs to adopt ‘Other Method’ to benchmark royalty payment

  • In Favour of Assessee
  • Citation Number : TS-536-ITAT-2023(Mum)-TP
  • Tax Payer : ASB International Private Limited
Income tax Appellate Tribunal

ITAT: Partly accepts pleas wrt comparable-selection; Directs 6% interest rate on outstanding receivables

  • In Favour of Both, Partially
  • Citation Number : TS-532-ITAT-2023(HYD)-TP
  • Tax Payer : EPAM Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remands TP-adjustments qua goods' import, payment of royalty & IT-service charges

  • In Favour of Both, Partially
  • Citation Number : TS-533-ITAT-2023(Mum)-TP
  • Tax Payer : Oetiker India Private Limited
High Court

HC: Holds “similarity of services” as principal point in comparability exercise under Rule 10B(2)(a)

  • In Favour of Assessee
  • Citation Number : TS-534-HC-2023(DEL)-TP
  • Tax Payer : Omniglobe Information Technologies (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustments qua AMP expenses, payments for royalty & services; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-531-ITAT-2023(Mum)-TP
  • Tax Payer : Mondelez India Foods P Ltd (formerly known as Cadbury India Ltd.)