Rulings ( 11332 results )

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Income tax Appellate Tribunal

ITAT: Rules on exclusion/inclusion of over 10 comparables; Remits working capital adjustment

Dec 26, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-887-ITAT-2022(Bang)-TP
  • Tax Payer : Mindteck (India) Limited
Income tax Appellate Tribunal

ITAT: Excludes Motilal Oswal being functionally-dissimilar to advisory/consultancy services provider

Dec 26, 2022
  • In Favour of Assessee
  • Citation Number : TS-886-ITAT-2022(Mum)-TP
  • Tax Payer : Rothschild & Co India Private Limited
Income tax Appellate Tribunal

ITAT: Confirms assessee’s determination of guarantee commission at 0.35%, deletes TP-adjustment

Dec 26, 2022
  • In Favour of Assessee
  • Citation Number : TS-885-ITAT-2022(Mum)-TP
  • Tax Payer : Greatship (India) Ltd
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s appeal on TP issues as not pressed in light of APA resolution

Dec 23, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-882-ITAT-2022(DEL)-TP
  • Tax Payer : Concentrix Daksh Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP determination of management services fee for consideration of evidence provided by assessee

Dec 23, 2022
  • In Favour of Assessee
  • Citation Number : TS-883-ITAT-2022(Mum)-TP
  • Tax Payer : 3A Composites India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds final assessment non-est in law as barred by limitation; Follows precedent

Dec 23, 2022
  • In Favour of Assessee
  • Citation Number : TS-884-ITAT-2022(Bang)-TP
  • Tax Payer : IPG DXTRA India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes notional interest charged on loan to AE, Loan inherited via merger not an international transaction

Dec 23, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-881-ITAT-2022(Bang)-TP
  • Tax Payer : Xchanging Solutions Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua SDT, considers omission of Sec.92BA(i); Follows earlier order

Dec 22, 2022
  • In Favour of Assessee
  • Citation Number : TS-878-ITAT-2022(Kol)-TP
  • Tax Payer : Rahee Jhajharia E to E JV
Income tax Appellate Tribunal

ITAT: Excludes comparables failing turnover filter; Deletes AMP adjustment

Dec 22, 2022
  • In Favour of Assessee
  • Citation Number : TS-879-ITAT-2022(Bang)-TP
  • Tax Payer : Alcon Laboratories (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits issue of adjustment qua salary cost reimbursement by AE for fresh consideration

Dec 22, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-880-ITAT-2022(Ahd)-TP
  • Tax Payer : e-infochips Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP determination of SDT, dismisses non applicability of Sec 40A(2)(b)

Dec 21, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-874-ITAT-2022(VIZ)-TP
  • Tax Payer : 3F Industries Limited
Income tax Appellate Tribunal

ITAT: Sets aside draft order passed in non-existent company's name, invalidates subsequent proceedings; Follows precedents

Dec 21, 2022
  • In Favour of Assessee
  • Citation Number : TS-875-ITAT-2022(Mum)-TP
  • Tax Payer : Siemens Limited (Successor in Interest to Siemens VIA Metals Technologies Private Limited)
Income tax Appellate Tribunal

ITAT: Rules on comparables qua SWD service provider, applies 200Cr upper turnover filter, follows precedents

Dec 21, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-877-ITAT-2022(Bang)-TP
  • Tax Payer : Microchip Technology India Pvt Ltd
High Court

HC: Holds TPO’s order barred by limitation, dismisses Revenue's writ appeals

Dec 21, 2022
  • In Favour of Assessee
  • Citation Number : TS-876-HC-2022(MAD)-TP
  • Tax Payer : Saint Gobain India Private Limited
Income tax Appellate Tribunal

ITAT: Holds no imputation of interest on overdue receivables under TNMM, fixes guarantee commission @0.5%

Dec 20, 2022
  • In Favour of Assessee
  • Citation Number : TS-873-ITAT-2022(VIZ)-TP
  • Tax Payer : Devi Sea Foods Limited
Income tax Appellate Tribunal

ITAT: Confirms DRP’s inclusion of comparables having turnover between Rs. 200-2000 cr for medium-sized company

Dec 20, 2022
  • In Favour of Assessee
  • Citation Number : TS-872-ITAT-2022(Bang)-TP
  • Tax Payer : Harman Connected Services Corporation India Pvt Ltd (Formerly Symphony Teleca Corporation (India) Private Ltd)
Income tax Appellate Tribunal

ITAT: Remits plea qua inclusion/exclusion of comparables for SWD service provider

Dec 20, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-870-ITAT-2022(HYD)-TP
  • Tax Payer : Wissen Infotech Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment wrt fees received for marketing of FIPs by Indian branch of UBS AG

Dec 20, 2022
  • In Favour of Assessee
  • Citation Number : TS-871-ITAT-2022(Mum)-TP
  • Tax Payer : UBS AG
Income tax Appellate Tribunal

ITAT: Upholds exclusion of persistently loss-making company, rules on adjustments qua working capital, capacity, depreciation

Dec 19, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-867-ITAT-2022(Bang)-TP
  • Tax Payer : Toyota Kirloskar Motors Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes DRP’s direction setting aside issues to AO; Terms it contrary to Sec 144C(8)

Dec 19, 2022
  • In Favour of Assessee
  • Citation Number : TS-869-ITAT-2022(PUN)-TP
  • Tax Payer : LIEBHERR CMC Tech India Private Limited