Rulings ( 11332 results )

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Income tax Appellate Tribunal

ITAT: Rules on comparables; Rejects adjustment for underutilization of capacity and application of multiple year data

Nov 10, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-765-ITAT-2022(CHNY)-TP
  • Tax Payer : Eversendai Construction Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables under SWD, MSS segments; Holds outstanding trade receivables as international-transaction

Nov 10, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-767-ITAT-2022(Bang)-TP
  • Tax Payer : Synamedia India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables citing extraordinary event of amalgamation, merger etc for SWD service provider

Nov 10, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-764-ITAT-2022(PUN)-TP
  • Tax Payer : SAS Research & Development India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Treats forex gain, insurance claim as operating in nature; Remits issue qua payment for IGS

Nov 10, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-766-ITAT-2022(PUN)-TP
  • Tax Payer : Dana India Private Limited
Income tax Appellate Tribunal

ITAT: Scrutinizes the expression ‘control’ in Sec. 92A(2); Invalidates AO’s conclusion for reopening the assessment

Nov 10, 2022
  • In Favour of Assessee
  • Citation Number : TS-763-ITAT-2022(Mum)-TP
  • Tax Payer : Reliance Industrial Holdings Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes adjustment w.r.t outstanding AE-receivables; Follows Kusum Health care

Nov 09, 2022
  • In Favour of Assessee
  • Citation Number : TS-759-ITAT-2022(Mum)-TP
  • Tax Payer : Aquity Solutions India Pvt Ltd (Earlier known as M Modal Global Services Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Quashes final order passed beyond limitation period, De novo assessment not ordered in first round

Nov 09, 2022
  • In Favour of Assessee
  • Citation Number : TS-760-ITAT-2022(Bang)-TP
  • Tax Payer : Mindtree Ltd (Previously known as Aztecsoft Ltd)
Income tax Appellate Tribunal

ITAT: Adopts corporate-guarantee commission at 0.5%, remits issue w.r.t notional interest on AE-receivables

Nov 09, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-761-ITAT-2022(Bang)-TP
  • Tax Payer : Medreich Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables in SWD segment; Remits adjustment qua working capital, Follows precedent

Nov 09, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-762-ITAT-2022(Bang)-TP
  • Tax Payer : IG Infotech (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows working-capital adjustment on actuals; Holds recovery of pass-through costs as separate international-transaction

Nov 08, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-755-ITAT-2022(Bang)-TP
  • Tax Payer : Parexel International (India) Private Limited
Income tax Appellate Tribunal

ITAT: Upholds deletion of Sec.271G penalty, assessee didn't drag proceedings to 'fag end' as alleged by TPO

Nov 08, 2022
  • In Favour of Assessee
  • Citation Number : TS-756-ITAT-2022(Mum)-TP
  • Tax Payer : Doshion Water Solution Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses appeal due to small quantum; Grants liberty to contest all issues in an appropriate AY

Nov 08, 2022
  • In Favour of None/NA
  • Citation Number : TS-758-ITAT-2022(Bang)-TP
  • Tax Payer : Technicolor India Pvt Ltd, (Formerly known as Thomson Holdings India Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Rules against different MAM-selection unless change in law and facts ; Deletes adjustment for purchase of greasy wool

Nov 08, 2022
  • In Favour of Assessee
  • Citation Number : TS-757-ITAT-2022(Kol)-TP
  • Tax Payer : Global Wool Alliance Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds assessee's consistently applied TNMM over TPO's CUP for benchmarking export transaction

Nov 07, 2022
  • In Favour of Assessee
  • Citation Number : TS-750-ITAT-2022(Mum)-TP
  • Tax Payer : Omni Active Health Technologies Limited
Income tax Appellate Tribunal

ITAT: Disapproves re-characterisation of equity as loan; Deletes TP-adjustment qua imputed interest

Nov 07, 2022
  • In Favour of Assessee
  • Citation Number : TS-751-ITAT-2022(DEL)-TP
  • Tax Payer : Jaypee Capital Services Ltd
Income tax Appellate Tribunal

ITAT: Accepts OP/VAE over OP/TC as appropriate PLI; Excludes functionally-dissimilar Om Logistics

Nov 07, 2022
  • In Favour of Assessee
  • Citation Number : TS-752-ITAT-2022(Mum)-TP
  • Tax Payer : DHL Logistics Private Limited
Income tax Appellate Tribunal

ITAT: Deletes adjustment qua intra-group managerial support services; Follows precedent

Nov 07, 2022
  • In Favour of Assessee
  • Citation Number : TS-753-ITAT-2022(DEL)-TP
  • Tax Payer : Metalsa India Private Limited
Income tax Appellate Tribunal

ITAT: Directs assessee to show need/benefit test for benchmarking payment for IGS, royalty

Nov 07, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-754-ITAT-2022(Mum)-TP
  • Tax Payer : Ingredion India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Questions separate payments towards R&D costs and royalty over same technology and Know-how; Remits ALP-determination of Group Fees transaction

Nov 04, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-745-ITAT-2022(PUN)-TP
  • Tax Payer : Faurecia Automotive Seating India P Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustments qua of sale of finished goods, AMP expenses, royalty; Follows earlier order

Nov 04, 2022
  • In Favour of Assessee
  • Citation Number : TS-746-ITAT-2022(Bang)-TP
  • Tax Payer : Himalaya Wellness Company (formerly known as The Himalaya Drug Company)