Rulings ( 11519 results )

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Income tax Appellate Tribunal

ITAT: Determines ALP w.r.t. corporate and performance guarantee commission fee @ 0.5%; Follows earlier orders

Mar 08, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-137-ITAT-2023(Mum)-TP
  • Tax Payer : Global Offshore Services Limited
Income tax Appellate Tribunal

ITAT: Rejects NIL ALP determination of management fee payment but directs assessee to substantiate need/benefit tests

Mar 08, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-138-ITAT-2023(Mum)-TP
  • Tax Payer : MWH India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment for royalty qua DEMPE related functions in case of Mercedes-Benz India

Mar 06, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-130-ITAT-2023(PUN)-TP
  • Tax Payer : Mercedes-Benz India Pvt Ltd
High Court

HC: Directs tax refund basis returned income citing failure to pass assessment order within time allowed u/s 153(3) and 153(4)

Mar 06, 2023
  • In Favour of Assessee
  • Citation Number : TS-135-HC-2023(DEL)-TP
  • Tax Payer : Aricent Technologies (Holding) Limited
Income tax Appellate Tribunal

ITAT: Allows custom-duty adjustment and remits TP-adjustment qua IGS, R&D expenses; Follows precedents

Mar 06, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-134-ITAT-2023(PUN)-TP
  • Tax Payer : Faurecia Automotive Seating India P Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables qua SWD, ITES; Adopts interest @ LIBOR 6 months+300bps on receivables

Mar 06, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-133-ITAT-2023(Bang)-TP
  • Tax Payer : NTT Data Information Processing Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds, finding fault with TPO doesn't absolve CIT(A) from responsibility to determine ALP u/s 92C

Mar 03, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-131-ITAT-2023(Mum)-TP
  • Tax Payer : Gea Procees Engineering (I) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparable selection; Remits adjustment qua working capital, capacity utilization and operating cost; Follows precedents

Mar 03, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-129-ITAT-2023(Bang)-TP
  • Tax Payer : Shindengen India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Sales to local vendors uninfluenced by AE, not deemed international transactions for computing TP-adjustment

Mar 03, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-132-ITAT-2023(Bang)-TP
  • Tax Payer : Comer Industries India Private Limited
Foreign Court

FC: US Tax Court upholds TP adjustment qua trademark royalty; Rules on validity of foreign legal restrictions

Mar 03, 2023
  • In Favour of Revenue
  • Citation Number : TS-128-FC-2023(USA)-TP
  • Tax Payer : 3M Company and Subsidiaries
Income tax Appellate Tribunal

ITAT: Upholds ALP interest on outbound foreign currency loans at rates prevalent in AE-residence country; Follows Cotton Naturals

Mar 02, 2023
  • In Favour of Assessee
  • Citation Number : TS-125-ITAT-2023(DEL)-TP
  • Tax Payer : Uniparts India Ltd
Income tax Appellate Tribunal

ITAT: Remits TP adjustments w.r.t marketing support services, mark-up on external cost

Mar 02, 2023
  • In Favour of Assessee
  • Citation Number : TS-126-ITAT-2023(Mum)-TP
  • Tax Payer : Boehringer Ingelheim India Private Limited
Income tax Appellate Tribunal

ITAT: Change in filters / comparables not concealment of income; Deletes penalty u/s 271(1)(c)

Mar 02, 2023
  • In Favour of Assessee
  • Citation Number : TS-127-ITAT-2023(DEL)-TP
  • Tax Payer : AON Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes Infosys as comparable for routine IT service provider citing functional dissimilarity, upper turnover filter

Mar 01, 2023
  • In Favour of Assessee
  • Citation Number : TS-124-ITAT-2023(Bang)-TP
  • Tax Payer : Arris Group India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes Wipro, Infosys as comparables; Deletes TP-adjustment qua reimbursement of out-of-pocket expenses

Mar 01, 2023
  • In Favour of Assessee
  • Citation Number : TS-123-ITAT-2023(Mum)-TP
  • Tax Payer : Capgemini India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes final assessment order passed sans draft order; Follows precedents

Mar 01, 2023
  • In Favour of Assessee
  • Citation Number : TS-122-ITAT-2023(Kol)-TP
  • Tax Payer : Linc Pen & Plastics Ltd
Income tax Appellate Tribunal

ITAT: Rejects NIL ALP of management fee payment when AE-relationship established due to existence of services

Mar 01, 2023
  • In Favour of Assessee
  • Citation Number : TS-121-ITAT-2023(Bang)-TP
  • Tax Payer : WeWork India Management P Ltd
Income tax Appellate Tribunal

ITAT: Excludes 8 comparables for failing upper turnover filter; Follows earlier order

Feb 28, 2023
  • In Favour of Assessee
  • Citation Number : TS-120-ITAT-2023(Bang)-TP
  • Tax Payer : Aptean India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Prefers TNMM to PSM for benchmarking royalty; Follows precedent

Feb 28, 2023
  • In Favour of Assessee
  • Citation Number : TS-119-ITAT-2023(Bang)-TP
  • Tax Payer : Toyota Kirloskar Auto Parts Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Remits issue of considering cash profit for PLI computations; Excludes 5 comparables citing high turnover

Feb 28, 2023
  • In Favour of Both, Partially
  • Citation Number : TS-118-ITAT-2023(Bang)-TP
  • Tax Payer : Mapei Constructions Products (India) Pvt Ltd