Rulings ( 11908 results )

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Income tax Appellate Tribunal

ITAT: Remits benchmarking, notes TPO included comparable directed to be excluded in first round

  • In Favour of Both, Partially
  • Citation Number : TS-491-ITAT-2023(Ahd)-TP
  • Tax Payer : Weatherford Drilling & Production Services (India) Private Limited
High Court

HC: Upholds aggregation for royalty linked with manufacturing; Earlier decisions binding absent change in facts

  • In Favour of Assessee
  • Citation Number : TS-489-HC-2023(BOM)-TP
  • Tax Payer : Cummins India Limited
Income tax Appellate Tribunal

ITAT: Upholds exclusion of functionally dissimilar MPS Ltd qua ITeS-providing assessee

  • In Favour of Assessee
  • Citation Number : TS-486-ITAT-2023(Mum)-TP
  • Tax Payer : E-Clinical Works India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Google India’s TP grounds as withdrawn due to APA resolution

  • In Favour of Assessee
  • Citation Number : TS-487-ITAT-2023(Bang)-TP
  • Tax Payer : Google India Private Limited
Income tax Appellate Tribunal

ITAT: Remits CIT(A)’s ex-parte order; Considers assessee’s non-compliance of notice not deliberate

  • In Favour of Assessee
  • Citation Number : TS-488-ITAT-2023(DEL)-TP
  • Tax Payer : Egis International S.A.
High Court

HC: Sec.153 limitation binding despite Sec.144C 'complete code'; Follows Madras HC’s Roca Bathroom

  • In Favour of Assessee
  • Citation Number : TS-485-HC-2023(BOM)-TP
  • Tax Payer : Shelf Drilling Ron Tappmeyer Limited
High Court

HC: Directs AO to afford assessee an opportunity of being heard

  • In Favour of Both, Partially
  • Citation Number : TS-484-HC-2023(CAL)-TP
  • Tax Payer : Price Waterhouse & Anr
Income tax Appellate Tribunal

ITAT: Remits benchmarking of purchase transaction, notes that assessee kept changing MAM

  • In Favour of Both, Partially
  • Citation Number : TS-480-ITAT-2023(Mum)-TP
  • Tax Payer : Franklin Wardcorpp India Private Limited
Income tax Appellate Tribunal

ITAT: Mere pendency of Revenue's appeal against earlier order no ground to invoke Sec.263

  • In Favour of Assessee
  • Citation Number : TS-482-ITAT-2023(PUN)-TP
  • Tax Payer : Carraro India Private Limited
Income tax Appellate Tribunal

ITAT: Final assessment orders, based on invalid TPO/DRP orders, not valid

  • In Favour of Assessee
  • Citation Number : TS-483-ITAT-2023(Mum)-TP
  • Tax Payer : Emerson Process Management (India) P. Ltd
Income tax Appellate Tribunal

ITAT: Refuses to exclude functionally similar comparable, remits others to examine financial data

  • In Favour of Both, Partially
  • Citation Number : TS-481-ITAT-2023(Kol)-TP
  • Tax Payer : Orga Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP adjustment qua SDT; Directs AO to adjudicate afresh

  • In Favour of Both, Partially
  • Citation Number : TS-477-ITAT-2023(JODH)-TP
  • Tax Payer : Sunil and Company
Income tax Appellate Tribunal

ITAT: Remits MAM-selection for benchmarking royalty; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-478-ITAT-2023(Mum)-TP
  • Tax Payer : SAS Institute (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes protective basis AMP-adjustment for Nikon India, follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-479-ITAT-2023(DEL)-TP
  • Tax Payer : Nikon India (Pvt) Ltd
High Court

HC: Sets aside final assessment order passed pending DRP’s directions

  • In Favour of Assessee
  • Citation Number : TS-474-HC-2023(KAR)-TP
  • Tax Payer : Zyme Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds TNMM as MAM for export citing rule of consistency; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-476-ITAT-2023(Mum)-TP
  • Tax Payer : Lubrizol India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua corporate guarantee/SBLC sans international transaction or AE-existence

  • In Favour of Both, Partially
  • Citation Number : TS-475-ITAT-2023(DEL)-TP
  • Tax Payer : Phoenix Lamps Ltd
Income tax Appellate Tribunal

ITAT: Deferred shares akin to ordinary shares; Confirms TP-adjustment basis valuation of ordinary shares

  • In Favour of Revenue
  • Citation Number : TS-473-ITAT-2023(DEL)-TP
  • Tax Payer : Fabindia Overseas Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds Revenue’s segregation of distribution segment from trading activity; Grants working-capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-470-ITAT-2023(Bang)-TP
  • Tax Payer : Puma Sports India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Fixes corporate guarantee fee @ 0.5%, remits comparables' selection qua software services

  • In Favour of Both, Partially
  • Citation Number : TS-471-ITAT-2023(Ahd)-TP
  • Tax Payer : Mastek Ltd