Rulings ( 11908 results )

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Income tax Appellate Tribunal

ITAT: Allows working capital adjustment to raise comparability with tested party, comparables

  • In Favour of Both, Partially
  • Citation Number : TS-432-ITAT-2023(CHNY)-TP
  • Tax Payer : Atmel R&D India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds export incentives operating in nature to compute PLI; Excludes 3 comparables

  • In Favour of Both, Partially
  • Citation Number : TS-433-ITAT-2023(VIZ)-TP
  • Tax Payer : Alliance One Industries India Private Limited
Income tax Appellate Tribunal

ITAT: Upholds deletion of TP-adjustments qua corporate guarantee fee & SDT of interest payment

  • In Favour of Assessee
  • Citation Number : TS-427-ITAT-2023(Kol)-TP
  • Tax Payer : A A Infraproperties Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts assessee's plea, excludes 5 comparables under IT service segment; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-426-ITAT-2023(Mum)-TP
  • Tax Payer : Accenture Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes time barred TPO order, assessment order; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-428-ITAT-2023(Mum)-TP
  • Tax Payer : DHL Logistics Private Limited
Income tax Appellate Tribunal

ITAT: Quashes final order passed without draft order, principle of mutuality unaddressed

  • In Favour of Assessee
  • Citation Number : TS-429-ITAT-2023(Mum)-TP
  • Tax Payer : Marriott International Inc
Income tax Appellate Tribunal

ITAT: Upholds internal CUP as MAM to determine guarantee commission; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-424-ITAT-2023(Mum)-TP
  • Tax Payer : Greatship (India) Ltd
Income tax Appellate Tribunal

ITAT: Holds assessment order passed in name of non-existent company as void; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-425-ITAT-2023(Mum)-TP
  • Tax Payer : Abbott India Ltd
Income tax Appellate Tribunal

ITAT: Upholds levy of interest on 'outstanding interest receivable' considering delay improves AE's liquidity position

  • In Favour of Both, Partially
  • Citation Number : TS-423-ITAT-2023(Mum)-TP
  • Tax Payer : Parle Biscuits Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Upholds LIBOR+5% rate for interest on loans to WOS; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-421-ITAT-2023(DEL)-TP
  • Tax Payer : Omaxe Ltd
Income tax Appellate Tribunal

ITAT: Rejects TPO's aggregation of distribution & manufacturing segments; Deletes interest on outstanding receivables

  • In Favour of Assessee
  • Citation Number : TS-422-ITAT-2023(DEL)-TP
  • Tax Payer : Rockwell Automation India Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal against ITAT’s deletion of TP-adjustment qua management fees

  • In Favour of Assessee
  • Citation Number : TS-420-HC-2023(P & H)-TP
  • Tax Payer : Nippon Leakless Talbros Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Upholds CUP, simple average for brokerage ALP determination; Rejects IGS disallowance absent adequate analysis

  • In Favour of Both, Partially
  • Citation Number : TS-418-ITAT-2023(Mum)-TP
  • Tax Payer : Morgan Stanley India Company Private Limited
Income tax Appellate Tribunal

ITAT: Monthly average price for inter-unit tea transfer, not uniform; Upholds adjustment deletion

  • In Favour of Assessee
  • Citation Number : TS-419-ITAT-2023(Kol)-TP
  • Tax Payer : Mcleod Russel India Limited
Income tax Appellate Tribunal

ITAT: CCD distinct from NBFC credit for ALP interest determination; Bank guarantee-rates not applicable for benchmarking corporate-guarantee fee

  • In Favour of Both, Partially
  • Citation Number : TS-417-ITAT-2023(Mum)-TP
  • Tax Payer : Crayon Group AS
Income tax Appellate Tribunal

ITAT: Remits ALP-determination qua interest paid to AE for loan by Standard Chartered Capital

  • In Favour of Both, Partially
  • Citation Number : TS-416-ITAT-2023(Mum)-TP
  • Tax Payer : Standard Chartered Capital Limited
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s TP-related appeal as not pressed in view of APA resolution

  • In Favour of Revenue
  • Citation Number : TS-415-ITAT-2023(Bang)-TP
  • Tax Payer : ThoughtWorks Technologies (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects selection of foreign AEs as tested parties qua contract execution; Remits ALP determination on AE receivables and loans

  • In Favour of Both, Partially
  • Citation Number : TS-414-ITAT-2023(Mum)-TP
  • Tax Payer : Oracle Finance Services Software Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua management fees; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-681-ITAT-2015(DEL)-TP
  • Tax Payer : Nippon Leakless Talbros Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Upholds LIBOR+100bps for benchmarking loan interest, restricts corporate guarantee fee @0.35%

  • In Favour of Both, Partially
  • Citation Number : TS-413-ITAT-2023(Mum)-TP
  • Tax Payer : JSW Steel Ltd