Rulings ( 11913 results )

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Income tax Appellate Tribunal

ITAT: MAP rate agreed for a part of the year applies to the whole year

  • In Favour of Both, Partially
  • Citation Number : TS-398-ITAT-2023(Bang)-TP
  • Tax Payer : Harman Connected Services Corporation Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Rules on comparables for WOS of Levi Strauss; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-399-ITAT-2023(Bang)-TP
  • Tax Payer : Levi Strauss (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables citing high turnover; Applies interest @ LIBOR+200bps on receivables

  • In Favour of Assessee
  • Citation Number : TS-394-ITAT-2023(Bang)-TP
  • Tax Payer : Concur Technologies India Private Limited
Income tax Appellate Tribunal

ITAT: Quashes DRP order absent valid DIN; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-395-ITAT-2023(Bang)-TP
  • Tax Payer : Practo Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes Acropetal Technologies as comparable, cites financial irregularities due to fraud committed

  • In Favour of Both, Partially
  • Citation Number : TS-396-ITAT-2023(CHNY)-TP
  • Tax Payer : Doosan Power Systems India Pvt Limited
Income tax Appellate Tribunal

ITAT: Dismisses assessee's plea; Holds issues cannot be reargued as impermissible u/s.254(2)

  • In Favour of Both, Partially
  • Citation Number : TS-391-ITAT-2023(Bang)-TP
  • Tax Payer : Mindteck (India) Ltd.
Income tax Appellate Tribunal

ITAT: Allocates forex loss based on proportion of export sales by SEZ; Fixes 0.5% guarantee fee

  • In Favour of Both, Partially
  • Citation Number : TS-392-ITAT-2023(HYD)-TP
  • Tax Payer : Aurobindo Pharma Ltd.
Income tax Appellate Tribunal

ITAT: Quashes TPO’s time barred order in second round of proceedings for CAE India

  • In Favour of Assessee
  • Citation Number : TS-390-ITAT-2023(Bang)-TP
  • Tax Payer : CAE India Pvt Limited
Income tax Appellate Tribunal

ITAT: Accepts royalty-payment at ALP; Remits TP-adjustment made towards interest on CCDs

  • In Favour of Assessee
  • Citation Number : TS-393-ITAT-2023(Bang)-TP
  • Tax Payer : Praxair India Private Limited
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s TP issue plea in light of APA resolution

  • In Favour of Both, Partially
  • Citation Number : TS-389-ITAT-2023(Bang)-TP
  • Tax Payer : IMS Health Analytics Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua power purchase citing precedents, TPO's mistaken assumption

  • In Favour of Assessee
  • Citation Number : TS-386-ITAT-2023(Ahd)-TP
  • Tax Payer : Shah Alloys Limited
Income tax Appellate Tribunal

ITAT: Remits TPO’s order citing non-conformity with show cause notice issued

  • In Favour of Both, Partially
  • Citation Number : TS-387-ITAT-2023(Bang)-TP
  • Tax Payer : Subex Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua notional interest on delayed-receivables; Follows Bombay HC rulings

  • In Favour of Assessee
  • Citation Number : TS-388-ITAT-2023(Mum)-TP
  • Tax Payer : Tech Mahindra Limited
Income tax Appellate Tribunal

ITAT: Quashes TPO's order as time-barred, deletes ad-hoc mark-up on expense reimbursement

  • In Favour of Assessee
  • Citation Number : TS-383-ITAT-2023(Mum)-TP
  • Tax Payer : Transporter Industry International Gmbh
Income tax Appellate Tribunal

ITAT: Considers bad and doubtful debts as operating in nature; Excludes functionally-dissimilar companies

  • In Favour of Both, Partially
  • Citation Number : TS-384-ITAT-2023(Bang)-TP
  • Tax Payer : Carl Zeiss India (Bangalore) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits comparability issue for search of fresh comparables; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-385-ITAT-2023(DEL)-TP
  • Tax Payer : BWI Automotive Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-addition as adverse inference drawn without giving assessee chance to explain

  • In Favour of Both, Partially
  • Citation Number : TS-380-ITAT-2023(DEL)-TP
  • Tax Payer : Dassault Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment qua interest on delayed receivables; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-381-ITAT-2023(DEL)-TP
  • Tax Payer : Fujitsu Consulting India P Ltd
Income tax Appellate Tribunal

ITAT: Directs applicability of 15% RPT filter; Grants working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-382-ITAT-2023(Bang)-TP
  • Tax Payer : MetricStream Infotech (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables qua SWD services; Deletes TP-adjustment on outstanding receivables

  • In Favour of Both, Partially
  • Citation Number : TS-376-ITAT-2023(DEL)-TP
  • Tax Payer : Agilent Technologies (International) Pvt. Ltd.