Rulings ( 11908 results )

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Income tax Appellate Tribunal

ITAT: Rules on comparables qua purchase, sale of goods; Remits TP adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-530-ITAT-2023(HYD)-TP
  • Tax Payer : R.A.K. Ceramics India Pvt. Ltd
High Court

HC: Sets aside assessment order passed without draft order

  • In Favour of Assessee
  • Citation Number : TS-528-HC-2023(KAR)-TP
  • Tax Payer : MetricStream Infotech (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds SBI short-term rate over LIBOR for benchmarking interest on trade-receivables

  • In Favour of Revenue
  • Citation Number : TS-529-ITAT-2023(HYD)-TP
  • Tax Payer : HM CLAUSE India Private Limited
High Court

HC: Dismisses Revenue’s review petition on grounds not challenged by assessee earlier

  • In Favour of Assessee
  • Citation Number : TS-527-HC-2023(KAR)-TP
  • Tax Payer : Mphasis Ltd
Income tax Appellate Tribunal

ITAT: International-transaction quantum less than Rs.5cr as per CBDT’s Instruction No.3/2003; Deletes TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-525-ITAT-2023(Ind)-TP
  • Tax Payer : Computer Sciences Corporation India Private Limited
Income tax Appellate Tribunal

ITAT: Accepts foreign-AE as tested party; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-526-ITAT-2023(Bang)-TP
  • Tax Payer : IMS Health Analytics Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Cannot aggregate transactions with separate AEs in different jurisdictions, remits TP-adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-524-ITAT-2023(Ind)-TP
  • Tax Payer : Andritz Hydro Private Limited
Income tax Appellate Tribunal

ITAT: Remits CIT(A)’s non-speaking order confirming TP adjustment qua SDTs

  • In Favour of Both, Partially
  • Citation Number : TS-519-ITAT-2023(PUN)-TP
  • Tax Payer : Roopam Steel Rolling Mills
Income tax Appellate Tribunal

ITAT: Quashes revisionary order citing TPO-reference not required as per CBDT Instruction 3/2016

  • In Favour of Assessee
  • Citation Number : TS-523-ITAT-2023(Kol)-TP
  • Tax Payer : IMC Limited
Income tax Appellate Tribunal

ITAT: Permits assessee to withdraw appeal in light of APA resolution

  • In Favour of Assessee
  • Citation Number : TS-521-ITAT-2023(Bang)-TP
  • Tax Payer : Nutanix Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects NIL ALP of intra-group services, remits adjustment qua export of ferrites

  • In Favour of Both, Partially
  • Citation Number : TS-522-ITAT-2023(Kol)-TP
  • Tax Payer : TDK India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s appeal as withdrawn in view of MAP resolution

  • In Favour of Assessee
  • Citation Number : TS-518-ITAT-2023(Bang)-TP
  • Tax Payer : Ribbon Communications Private Limited
High Court

HC: Appeal by amalgamated company maintainable in jurisdiction of assessment proceedings

  • In Favour of Revenue
  • Citation Number : TS-520-HC-2023(MAD)-TP
  • Tax Payer : Cognizant Technology Solutions India P. Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment towards abnormal power cost, forex fluctuations

  • In Favour of Both, Partially
  • Citation Number : TS-516-ITAT-2023(CHNY)-TP
  • Tax Payer : HSI Automotive Private Limited
Income tax Appellate Tribunal

ITAT: Deletes AMP-adjustment in case of Amadeus India, follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-517-ITAT-2023(DEL)-TP
  • Tax Payer : Amadeus India Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Upholds working capital adjustment basis availed credit period instead of agreed credit period

  • In Favour of Both, Partially
  • Citation Number : TS-514-ITAT-2023(CHNY)-TP
  • Tax Payer : Woosu Automotive India Private Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustments qua inter-SEZ unit transaction, delayed receivables; Follows earlier orders

  • In Favour of Both, Partially
  • Citation Number : TS-515-ITAT-2023(Bang)-TP
  • Tax Payer : Wipro Limited
Income tax Appellate Tribunal

ITAT: Invalidates assessment order passed in the name of amalgamated company; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-512-ITAT-2023(Mum)-TP
  • Tax Payer : Aptar Pharma India Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal against deletion of AMP adjustment in Xerox India's case

  • In Favour of Assessee
  • Citation Number : TS-513-HC-2023(DEL)-TP
  • Tax Payer : Xerox India Ltd
Income tax Appellate Tribunal

ITAT: Upholds CUP, remits ALP determination qua royalty; Disregards internal CUP citing controlled transaction

  • In Favour of Both, Partially
  • Citation Number : TS-510-ITAT-2023(Mum)-TP
  • Tax Payer : Cabot India Ltd