Rulings ( 11908 results )

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Income tax Appellate Tribunal

ITAT: Holds RPM as MAM for benchmarking distribution activity, applies rule of consistency

  • In Favour of Assessee
  • Citation Number : TS-472-ITAT-2023(HYD)-TP
  • Tax Payer : Commvault Systems (India) Private Limited
Income tax Appellate Tribunal

ITAT: TPO’s order time barred, final assessment non-est in eyes of law; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-467-ITAT-2023(Mum)-TP
  • Tax Payer : Tata AIG General Insurance Company Ltd
Income tax Appellate Tribunal

ITAT: Mandates issue of notice u/s. 92C(3) or u/s.92CA(2) before making TP adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-468-ITAT-2023(HYD)-TP
  • Tax Payer : Quislex Legal Services P Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment qua IGS, directs assssee to demonstrate benefit, rendition tests

  • In Favour of Both, Partially
  • Citation Number : TS-469-ITAT-2023(Mum)-TP
  • Tax Payer : EOS Power India Private Limited
High Court

HC: Dismisses Revenue’s appeal on risk adjustment absent substantial question of law; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-466-HC-2023(BOM)-TP
  • Tax Payer : Mahle Behr India Limited
High Court

HC: Sec.144C procedure required to be followed post remand even if assessment set aside partially

  • In Favour of Assessee
  • Citation Number : TS-465-HC-2023(KAR)-TP
  • Tax Payer : Kennametal India Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-addition recharacterizing preference shares as interest-free loan, follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-463-ITAT-2023(Mum)-TP
  • Tax Payer : Aegis Limited
Income tax Appellate Tribunal

ITAT: Purchase of shares from overseas AE is not an international transaction

  • In Favour of Assessee
  • Citation Number : TS-464-ITAT-2023(Mum)-TP
  • Tax Payer : WNS Global Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-determination, refuses to follow earlier order adopting corporate guarantee fee @ 0.5%

  • In Favour of Both, Partially
  • Citation Number : TS-461-ITAT-2023(Mum)-TP
  • Tax Payer : Graves Cotton Ltd
High Court

HC: Upholds exclusion of loss from Solar Test activity from PLI computation

  • In Favour of Assessee
  • Citation Number : TS-462-HC-2023(BOM)-TP
  • Tax Payer : Schott Glass India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables, upholds forex gain, advance received and expenses reimbursed as operating

  • In Favour of Assessee
  • Citation Number : TS-459-ITAT-2023(Mum)-TP
  • Tax Payer : Sabre Travel Network (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 9 comparables under SWD services segment; Remits margin computation plea

  • In Favour of Both, Partially
  • Citation Number : TS-460-ITAT-2023(Bang)-TP
  • Tax Payer : NTT Data Information Processing Services Pvt Ltd
High Court

HC: Issues Mandamus, specifies timelines for Revenue before passing assessment order

  • In Favour of Assessee
  • Citation Number : TS-458-HC-2023(MAD)-TP
  • Tax Payer : Bloom Energy India Pvt. Ltd
High Court

HC: Disregards assessee’s lapse in intimating AO; Sets aside assessment-order passed before DRP’s direction

  • In Favour of Assessee
  • Citation Number : TS-457-HC-2023(KAR)-TP
  • Tax Payer : Open Silicon Research P Ltd
Income tax Appellate Tribunal

ITAT: Lower commission rate charged to group entity justified, basis commercial expediency

  • In Favour of Assessee
  • Citation Number : TS-456-ITAT-2023(Mum)-TP
  • Tax Payer : Jetair Private Limited
Income tax Appellate Tribunal

ITAT: Deletes SDT adjustment, cites omission of Sec 92BA(i) by Finance Act 2017

  • In Favour of Assessee
  • Citation Number : TS-454-ITAT-2023(DEL)-TP
  • Tax Payer : Relaxo Footwear Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables failing upper turnover filter; Remits notional interest on outstanding receivables

  • In Favour of Both, Partially
  • Citation Number : TS-455-ITAT-2023(Bang)-TP
  • Tax Payer : Etisalat Software Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds provision for doubtful debts, commission, forex gain/loss as non-operating

  • In Favour of Both, Partially
  • Citation Number : TS-453-ITAT-2023(Bang)-TP
  • Tax Payer : Radisys India Ltd (formerly known as Radisys India Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Excludes 4 comparables citing functional dissimilarity, high turnover, lack of segmental details

  • In Favour of Both, Partially
  • Citation Number : TS-449-ITAT-2023(Bang)-TP
  • Tax Payer : EIT Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes TPO’s order, final assessment order barred by period of limitation; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-450-ITAT-2023(Mum)-TP
  • Tax Payer : Frost & Sullivan (I) Pvt. Ltd