Rulings ( 11332 results )

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Income tax Appellate Tribunal

ITAT: Deletes AMP adjustment, applies rule of consistency; Excludes 4 comparables under IT support services segment

Nov 24, 2022
  • In Favour of Assessee
  • Citation Number : TS-805-ITAT-2022(Bang)-TP
  • Tax Payer : Alcon Laboratories Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparable for majorly subcontracting work, terms it functionally different

Nov 24, 2022
  • In Favour of Assessee
  • Citation Number : TS-806-ITAT-2022(Ahd)-TP
  • Tax Payer : Weatherford Drilling and Production Services (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows adjustments qua capacity utilization, working capital; Directs TPO to exercise power u/s 133(6) if needed

Nov 24, 2022
  • In Favour of Assessee
  • Citation Number : TS-807-ITAT-2022(Kol)-TP
  • Tax Payer : Witzenmann India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds imputation of notional interest on loan, refuses to consider provision for doubtful debt

Nov 24, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-804-ITAT-2022(Bang)-TP
  • Tax Payer : United Spirits Limited
Income tax Appellate Tribunal

ITAT: Restricts rate of corporate guarantee commission to 0.50%, Remits interest on delayed AE-receivable

Nov 23, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-801-ITAT-2022(Bang)-TP
  • Tax Payer : Trianz Holdings Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants capacity utilization adjustment, denies risk adjustment; Directs using average of past three years’ data

Nov 23, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-802-ITAT-2022(CHNY)-TP
  • Tax Payer : Triumph International (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Applies TNMM to benchmark commission payment; Adopts subsequent year findings for current year

Nov 23, 2022
  • In Favour of Assessee
  • Citation Number : TS-803-ITAT-2022(Mum)-TP
  • Tax Payer : Raymond Limited
Income tax Appellate Tribunal

ITAT: Computes guarantee amount at 0.5%; Upholds CIT(A) order

Nov 22, 2022
  • In Favour of Assessee
  • Citation Number : TS-798-ITAT-2022(Mum)-TP
  • Tax Payer : 63 Moon Technologies Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables qua SWD, MSS and ITeS segments; Remits interest on outstanding-receivables

Nov 22, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-799-ITAT-2022(Bang)-TP
  • Tax Payer : Mandiant Cyber Security Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs PLI computation only qua international transactions; Dismisses TPO's approach

Nov 22, 2022
  • In Favour of Assessee
  • Citation Number : TS-800-ITAT-2022(Mum)-TP
  • Tax Payer : Tricom Infotech Solutions Ltd
High Court

HC: Dismisses Revenue’s appeal qua AMP-adjustment; Analyses existing jurisprudence

Nov 22, 2022
  • In Favour of Assessee
  • Citation Number : TS-797-HC-2022(DEL)-TP
  • Tax Payer : Moet Hennessy India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Confirms guarantee commission @ 0.5%; Follows Everest Kanto Cylinder ruling

Nov 21, 2022
  • In Favour of Assessee
  • Citation Number : TS-793-ITAT-2022(Mum)-TP
  • Tax Payer : PFS Sihpping (India) Ltd
Income tax Appellate Tribunal

ITAT: Excludes Cosmic Global, Infosys BPO under ITeS segment; Follows precedents

Nov 21, 2022
  • In Favour of Assessee
  • Citation Number : TS-794-ITAT-2022(Mum)-TP
  • Tax Payer : Travelex India Private Limited
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment qua interest on outstanding receivables; Adjustment only if not subsumed in WCA

Nov 21, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-795-ITAT-2022(Bang)-TP
  • Tax Payer : AB INBEV GCC Services India Pvt Ltd (earlier known as GCC Services India Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Remits inclusion of service tax refund in operating income, rules on comparables qua ITeS

Nov 21, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-796-ITAT-2022(Bang)-TP
  • Tax Payer : Global e-Business Operations Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 11 comparables with turnover exceeding 200Cr for SWD service provider

Nov 18, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-790-ITAT-2022(Bang)-TP
  • Tax Payer : MWYN Tech Private Ltd
Income tax Appellate Tribunal

ITAT: Holds transactions with related and unrelated parties cannot be clubbed for benchmarking; Upholds DRP’s views

Nov 18, 2022
  • In Favour of Assessee
  • Citation Number : TS-791-ITAT-2022(DEL)-TP
  • Tax Payer : Marubeni India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits adjustments qua marketing & business support services segment & warranty expenses, follows earlier order

Nov 18, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-792-ITAT-2022(Bang)-TP
  • Tax Payer : Dell International Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Refuses characterisation of CCDs as equity; Directs Sec 94B disallowance qua interest on CCDs

Nov 18, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-789-ITAT-2022(Bang)-TP
  • Tax Payer : Summit Developments Private Limited
Income tax Appellate Tribunal

ITAT: Holds payment for admin support services part of operating cost, separate adjustment unwarranted; Follows precedent

Nov 17, 2022
  • In Favour of Assessee
  • Citation Number : TS-785-ITAT-2022(Bang)-TP
  • Tax Payer : Cisco Systems Capital (India) Pvt.Ltd.