Rulings ( 11908 results )

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Income tax Appellate Tribunal

ITAT: Rules on comparables selection in second round for SWD service provider

  • In Favour of Both, Partially
  • Citation Number : TS-451-ITAT-2023(Bang)-TP
  • Tax Payer : Integral India Software Development Centre (P) Ltd
Income tax Appellate Tribunal

ITAT: Restricts inclusion of Dynamatic Technologies to specific segment; Remits working-capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-452-ITAT-2023(CHNY)-TP
  • Tax Payer : Myunghwa Automotive India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment qua royalty on intangibles, imports; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-448-ITAT-2023(Kol)-TP
  • Tax Payer : Reckitt Benckiser (India) Limited
Income tax Appellate Tribunal

ITAT: Upholds assessee's TNMM over TPO's CUP method for determining ALP of technical service fee

  • In Favour of Assessee
  • Citation Number : TS-445-ITAT-2023(HYD)-TP
  • Tax Payer : Menzies Bobba Ground Handling Services Private Limited
Income tax Appellate Tribunal

ITAT: Directs TPO to correct error in margin computation; Allows working capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-442-ITAT-2023(Bang)-TP
  • Tax Payer : IG Infotech (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes time-barred assessment order pursuant to 1 day delay in passing TPO order; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-447-ITAT-2023(Mum)-TP
  • Tax Payer : Mahindra and Mahindra Ltd
Income tax Appellate Tribunal

ITAT: Excludes 10 comparables not meeting turnover filter in SWD segment

  • In Favour of Assessee
  • Citation Number : TS-446-ITAT-2023(Bang)-TP
  • Tax Payer : Mitel Communications Private Limited
Income tax Appellate Tribunal

ITAT: Partly allows assessee’s misc.petition w.r.t comparables selection, correction of SWD turnover

  • In Favour of Both, Partially
  • Citation Number : TS-443-ITAT-2023(Bang)-TP
  • Tax Payer : Robert Bosch Engineering and Business Solutions Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP adjustments qua AMP, PLI computation; Excludes functionally dissimilar comparable

  • In Favour of Assessee
  • Citation Number : TS-444-ITAT-2023(Bang)-TP
  • Tax Payer : Alcon Laboratories (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects TPO’s TNMM, directs adoption of either CUP or RPM following earlier order

  • In Favour of Assessee
  • Citation Number : TS-439-ITAT-2023(CHNY)-TP
  • Tax Payer : Socomec Innovative Power Solutions Private Limited
Income tax Appellate Tribunal

ITAT: Upholds TNMM as MAM for royalty, FTS, accepts royalty ALP at 8%

  • In Favour of Assessee
  • Citation Number : TS-440-ITAT-2023(DEL)-TP
  • Tax Payer : Gruner India Private Limited
High Court

HC: Dismisses Revenue's appeal, upholds deletion of adjustment qua export sales & commission

  • In Favour of Assessee
  • Citation Number : TS-441-HC-2023(BOM)-TP
  • Tax Payer : Thyssen Krupp Electrical Steel India Pvt Ltd
High Court

HC: Upholds comparables’ exclusion citing amalgamation and functional dissimilarity

  • In Favour of Assessee
  • Citation Number : TS-438-HC-2023(DEL)-TP
  • Tax Payer : GE India Business Services Private Limited
Income tax Appellate Tribunal

ITAT: Deletes adjustment qua SDT of transfer of power, follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-434-ITAT-2023(Kol)-TP
  • Tax Payer : Star Paper Mills Limited
Income tax Appellate Tribunal

ITAT: Rectifies earlier-order; Directs TPO to exclude royalty from operating cost

  • In Favour of Assessee
  • Citation Number : TS-435-ITAT-2023(VIZ)-TP
  • Tax Payer : Teejay India Private Limited
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s appeal as withdrawn since rectification-order results in adjustment deletion

  • In Favour of Both, Partially
  • Citation Number : TS-436-ITAT-2023(Bang)-TP
  • Tax Payer : ABB Global Industries & Services Limited
High Court

HC: Dismisses Revenue's appeal as infructuous absent any dispute

  • In Favour of Assessee
  • Citation Number : TS-437-HC-2023(BOM)-TP
  • Tax Payer : Hapag Lloyd India Private Limited
Income tax Appellate Tribunal

ITAT: Upholds forex gain/loss as operating in nature, allows WC adjustment; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1148-ITAT-2017(Mum)-TP
  • Tax Payer : Hapag Lloyd Global Service P. Ltd
Income tax Appellate Tribunal

ITAT: Holds Chapter X inapplicable once assessee opts for Tonnage Tax Scheme, follows precedents

  • In Favour of Assessee
  • Citation Number : TS-430-ITAT-2023(VIZ)-TP
  • Tax Payer : Lewek Altair Shipping Private Ltd
Income tax Appellate Tribunal

ITAT: Demand notice issued with draft assessment order a non-curable mistake; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-431-ITAT-2023(Mum)-TP
  • Tax Payer : Brightstar Infrastructure Private Limited