Rulings ( 11332 results )

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Income tax Appellate Tribunal

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

Dec 09, 2022
  • In Favour of Assessee
  • Citation Number : TS-848-ITAT-2022(DEL)-TP
  • Tax Payer : PepsiCo India Holdings Pvt Ltd
High Court

HC: Non-issuance of notice u/s.143(2) vitiates Sec 148 notice, consequent TPO reference; Allows assessee's writ

Dec 09, 2022
  • In Favour of Assessee
  • Citation Number : TS-846-HC-2022(MAD)-TP
  • Tax Payer : Amec Foster Wheeler Iberia SLU – India Project Office
Income tax Appellate Tribunal

ITAT: Confirms exclusion of Excel Infoways as comparable citing diminishing revenue

Dec 08, 2022
  • In Favour of Assessee
  • Citation Number : TS-844-ITAT-2022(Mum)-TP
  • Tax Payer : Cactus Communication Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds TPO order barred by limitation in case of a Hotel company; Follows earlier ruling

Dec 08, 2022
  • In Favour of Assessee
  • Citation Number : TS-845-ITAT-2022(Mum)-TP
  • Tax Payer : The Indian Hotels Company Ltd
Income tax Appellate Tribunal

ITAT: Upholds exclusion of comparable failing RPT-filter, remits adjustment qua expense reimbursement by AE

Dec 07, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-842-ITAT-2022(Bang)-TP
  • Tax Payer : Astra Zeneca Pharma India Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in ITeS segment, excludes 4; Follows precedents

Dec 07, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-843-ITAT-2022(DEL)-TP
  • Tax Payer : Reservation Data Maintenance India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in SWD segment, Excludes 10; Remits issue of interest on AE-receivables

Dec 07, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-840-ITAT-2022(Bang)-TP
  • Tax Payer : Applied Materials India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in MSS & manufacturing; Orders denovo comparability analysis in trading segment

Dec 06, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-838-ITAT-2022(Bang)-TP
  • Tax Payer : Sartorius Stedim India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits comparability of company accepted by Dept earlier; Adopts interest ALP @ Swiss LIBOR+150bps

Dec 06, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-839-ITAT-2022(Ahd)-TP
  • Tax Payer : GMM Pfaulder P Ltd
Income tax Appellate Tribunal

ITAT: Deletes AMP-adjustment absent existence of arrangement between assessee and AE; Applies rule of consistency

Dec 06, 2022
  • In Favour of Assessee
  • Citation Number : TS-841-ITAT-2022(CHNY)-TP
  • Tax Payer : Roca Bathroom Products Private Limited
Income tax Appellate Tribunal

ITAT: Restricts TP-adjustment to value of business unit actually transferred, directs excluding assets retained by assessee

Dec 06, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-837-ITAT-2022(DEL)-TP
  • Tax Payer : Saxo India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Loss from eligible-units can be set off against TP-adjustment, 40(a)(i) disallowance; Dismisses Revenue’s appeal

Dec 05, 2022
  • In Favour of Assessee
  • Citation Number : TS-833-ITAT-2022(Mum)-TP
  • Tax Payer : Sitel India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables under SWD, ITeS segments; Adopts LIBOR+3% as interest on outstanding AE-receivables

Dec 05, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-834-ITAT-2022(Bang)-TP
  • Tax Payer : Finastra Software Solutions (India) Private Ltd
Income tax Appellate Tribunal

ITAT: Restores TP-adjustments qua interest, SBI base-rate not comparable as bankers don't provide loans to JVs

Dec 05, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-835-ITAT-2022(DEL)-TP
  • Tax Payer : BSC C&C JV
Income tax Appellate Tribunal

ITAT: Restricts TP-adjustment to AE-transactions, deletes SDT related adjustment; Follows Thyssen Krupp, Edelweiss Rural decisions

Dec 05, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-836-ITAT-2022(Mum)-TP
  • Tax Payer : ALA Chemicals Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds TPO order barred by limitation, Expressions in statutes cannot be substituted by CBDT Circulars

Dec 05, 2022
  • In Favour of Assessee
  • Citation Number : TS-832-ITAT-2022(Mum)-TP
  • Tax Payer : Mondelez India Foods Private Limited
Income tax Appellate Tribunal

ITAT: Recharacterization of CCDs impermissible; Royalty payment @ 4% on sale at arm’s length

Dec 02, 2022
  • In Favour of Assessee
  • Citation Number : TS-828-ITAT-2022(Bang)-TP
  • Tax Payer : Praxier India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 7 comparables citing high turnover, remits working capital adjustment for SWD service provider

Dec 02, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-829-ITAT-2022(Bang)-TP
  • Tax Payer : Tyco Fire and Security India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment made towards FCD interest; Interest "paid" does not extend to "payable"

Dec 02, 2022
  • In Favour of Assessee
  • Citation Number : TS-830-ITAT-2022(DEL)-TP
  • Tax Payer : Mondon Investments Ltd
Income tax Appellate Tribunal

ITAT: Grants 40% adjustment qua J.M. Morgan Stanley Securities’ brokerage-commission; Follows earlier order

Dec 02, 2022
  • In Favour of Assessee
  • Citation Number : TS-831-ITAT-2022(Mum)-TP
  • Tax Payer : J M Morgan Stanley Securities Pvt Ltd (Now known as Morgan Stanley India Company Pvt Ltd)