Rulings ( 11519 results )
Income tax Appellate Tribunal
ITAT: Confirms Nil ALP for reimbursement of expenses; Assessee fails to discharge onus of proving rendition
Jan 19, 2023
- In Favour of Revenue
- Citation Number : TS-26-ITAT-2023(Ahd)-TP
- Tax Payer : Yanfeng India Automotive Interior Systems Pvt Ltd
Income tax Appellate Tribunal
ITAT: Adjudicates on working-capital adjustment, interest- rate on delayed receivables, margin computation & more!
Jan 18, 2023
- In Favour of Both, Partially
- Citation Number : TS-22-ITAT-2023(Bang)-TP
- Tax Payer : Wipro HR Services India Private Limited
Income tax Appellate Tribunal
ITAT: Holds assessee performs routine marketing functions, not distribution; Restores TPO’s order
Jan 18, 2023
- In Favour of Both, Partially
- Citation Number : TS-23-ITAT-2023(PUN)-TP
- Tax Payer : MSC Software Corporation India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Holds TP-adjustment cannot be beyond 100% of sale consideration receivable; Denies economic adjustments
Jan 18, 2023
- In Favour of Both, Partially
- Citation Number : TS-21-ITAT-2023(CHNY)-TP
- Tax Payer : Lotus Footwear Enterprises Ltd
Income tax Appellate Tribunal
ITAT: Holds royalty payment to be at ALP; Views against clubbing it with Manufacturing segment
Jan 18, 2023
- In Favour of Assessee
- Citation Number : TS-20-ITAT-2023(PUN)-TP
- Tax Payer : MAN Energy Solutions India Private Limited
Income tax Appellate Tribunal
ITAT: Excludes 10 comparables for failing upper turnover filter in SWD segment; Follows precedents
Jan 17, 2023
- In Favour of Assessee
- Citation Number : TS-16-ITAT-2023(Bang)-TP
- Tax Payer : Motorola Solutions Kodiak Networks India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustment qua management fees given similarity with prior years; Follows earlier orders
Jan 17, 2023
- In Favour of Assessee
- Citation Number : TS-17-ITAT-2023(Mum)-TP
- Tax Payer : Brinks India Pvt Ltd (Formerly known as ‘Brinks Arya (India) Private Ltd.’)
Income tax Appellate Tribunal
ITAT: Grants 90 days credit period, adopts LIBOR+300 bps as interest rate on outstanding-receivables
Jan 17, 2023
- In Favour of Assessee
- Citation Number : TS-18-ITAT-2023(Bang)-TP
- Tax Payer : Thought Focus Information Technologies Pvt Ltd
Income tax Appellate Tribunal
ITAT: Retains Cades Digitech Ltd as comparable; Holds forex loss/gain as operating in nature
Jan 17, 2023
- In Favour of Both, Partially
- Citation Number : TS-19-ITAT-2023(CHNY)-TP
- Tax Payer : Faurecia Emissions Control Technologies India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Holds Instruction 3/2016 operates qua fresh ALP determination, not w.r.t adopting amount disclosed by assessee
Jan 17, 2023
- In Favour of Both, Partially
- Citation Number : TS-15-ITAT-2023(PUN)-TP
- Tax Payer : Shriram Foundry Pvt Ltd
High Court
HC: Directs TPO to redo ALP determination without being influenced by ITAT’s observations
Jan 17, 2023
- In Favour of Both, Partially
- Citation Number : TS-926-HC-2022(MAD)-TP
- Tax Payer : Shasun Pharmaceuticals Ltd [Formerly known as M/s Shasun Chemicals and Drugs Ltd]
Income tax Appellate Tribunal
ITAT: Allows Roche's appeal upon recall, upholds exclusion of functionally dissimilar comparable
Jan 16, 2023
- In Favour of Assessee
- Citation Number : TS-14-ITAT-2023(Mum)-TP
- Tax Payer : Roche Diagnostics India Private Limited
Income tax Appellate Tribunal
ITAT: Considers assessee’s failure to produce details regarding asset purchase; Confirms NIL-ALP determination
Jan 16, 2023
- In Favour of Revenue
- Citation Number : TS-12-ITAT-2023(CHNY)-TP
- Tax Payer : Flextronics Technologies India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Quashes assessment order passed in violation of 144C; Directs Revenue to devise mechanism to rectify software
Jan 16, 2023
- In Favour of Assessee
- Citation Number : TS-13-ITAT-2023(HYD)-TP
- Tax Payer : Apache Footwear India Private Limited
Income tax Appellate Tribunal
ITAT: Deletes AMP adjustments in Coca Cola India's case, restores issue qua disallowance of service charges
Jan 16, 2023
- In Favour of Both, Partially
- Citation Number : TS-11-ITAT-2023(PUN)-TP
- Tax Payer : Coca Cola India Private Limited
Income tax Appellate Tribunal
ITAT: Rules on comparables qua provision of SWD services, remits interest on delayed receivables
Jan 13, 2023
- In Favour of Both, Partially
- Citation Number : TS-925-ITAT-2022-TP
- Tax Payer : Applied Materials India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Quashes AO’s reassessment order based on TPO's invalid order; Follows precedent
Jan 13, 2023
- In Favour of Assessee
- Citation Number : TS-10-ITAT-2023(Kol)-TP
- Tax Payer : Witzenmann India Pvt Ltd
High Court
HC: Holds Sec.92CA as machinery provision, Sec.153 deals exclusively with limitation; Quashes assessment-order for Pfizer Healthcare
Jan 13, 2023
- In Favour of Assessee
- Citation Number : TS-924-HC-2022(MAD)-TP
- Tax Payer : Pfizer Healthcare India Private Limited
Income tax Appellate Tribunal
ITAT: Holds fresh AMP adjustment in remand proceedings as bad in law; Out of scope of Sec 254(4)
Jan 12, 2023
- In Favour of Both, Partially
- Citation Number : TS-922-ITAT-2022(Bang)-TP
- Tax Payer : IBM India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Dismisses TCS' MA seeking rectification of order affirming TP-adjustment qua interest-free loan
Jan 12, 2023
- In Favour of Revenue
- Citation Number : TS-09-ITAT-2023(Mum)-TP
- Tax Payer : Tata Consultancy Services Ltd