Rulings ( 11519 results )
Income tax Appellate Tribunal
ITAT: Holds RPM, CUP method inapplicable to sale of bulk drugs; Remits ALP determination
Jan 11, 2023
- In Favour of Both, Partially
- Citation Number : TS-400-ITAT-2013(CHNY)-TP
- Tax Payer : Shasun Pharmaceuticals Ltd [Formerly known as M/s Shasun Chemicals and Drgus Ltd]
Income tax Appellate Tribunal
ITAT: Quashes TPO’s order passed beyond time limit as well as subsequent TP-adjustment
Jan 11, 2023
- In Favour of Assessee
- Citation Number : TS-921-ITAT-2022(Mum)-TP
- Tax Payer : Multi Screen Media Pvt Ltd
Income tax Appellate Tribunal
ITAT: Sets aside final assessment order passed without regard to DRP's directions, remands issue to AO
Jan 11, 2023
- In Favour of Assessee
- Citation Number : TS-07-ITAT-2023(HYD)-TP
- Tax Payer : Gameloft Software Private Limited
Income tax Appellate Tribunal
ITAT: Rules on comparables in SWD and ITeS segments failing upper turnover filter; Follows precedents
Jan 11, 2023
- In Favour of Assessee
- Citation Number : TS-08-ITAT-2023(Bang)-TP
- Tax Payer : Eurofins IT Solutions India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustment qua AMP expenditure and interest on AE-receivables; Follows precedents
Jan 10, 2023
- In Favour of Assessee
- Citation Number : TS-1264-ITAT-2019(DEL)-TP
- Tax Payer : AMADEUS INDIA PVT LTD
High Court
HC: Deletes protective and substantive adjustments made on AMP expenditure; Follows earlier orders
Jan 10, 2023
- In Favour of Assessee
- Citation Number : TS-920-HC-2022(DEL)-TP
- Tax Payer : AMADEUS INDIA PVT LTD
High Court
HC: Dismisses assessee’s appeal against ITAT order remitting corporate-guarantee commission issue
Jan 10, 2023
- In Favour of Revenue
- Citation Number : TS-919-HC-2022(ALL)-TP
- Tax Payer : Jubilant Pharmova Ltd
Income tax Appellate Tribunal
ITAT: Excludes functionally dissimilar comparables qua ITeS segment, remits working capital adjustment
Jan 10, 2023
- In Favour of Both, Partially
- Citation Number : TS-06-ITAT-2023(PUN)-TP
- Tax Payer : Rage Frameworks India Private Limited
Income tax Appellate Tribunal
ITAT: Rules on comparables, upholds interest @LIBOR+200bps on receivables allowing 120 days' credit period
Jan 10, 2023
- In Favour of Both, Partially
- Citation Number : TS-918-ITAT-2022(HYD)-TP
- Tax Payer : Quislex Legal Services P Ltd
Supreme Court
SC: Dismisses assessee’s SLP against HC-decision which held no substantial question of law in remanding TP-issue
Jan 10, 2023
- In Favour of Revenue
- Citation Number : TS-05-SC-2023-TP
- Tax Payer : Jubilant Pharmova Ltd
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustment qua purchase of raw materials & goods and sales, follows earlier order
Jan 09, 2023
- In Favour of Assessee
- Citation Number : TS-04-ITAT-2023(Kol)-TP
- Tax Payer : DIC India Limited
High Court
HC: ITAT’s remand for considering assessee’s additional evidence not prejudicial to either party; Dismisses Revenue's appeal
Jan 09, 2023
- In Favour of Assessee
- Citation Number : TS-915-HC-2022(DEL)-TP
- Tax Payer : YKK India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Excludes comparables under SWD segment, remits working capital adjustment
Jan 09, 2023
- In Favour of Both, Partially
- Citation Number : TS-917-ITAT-2022(Mum)-TP
- Tax Payer : Symantec Software India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Quashes AO’s assessment-order passed in name of non-existing company despite knowledge of amalgamation
Jan 09, 2023
- In Favour of Assessee
- Citation Number : TS-916-ITAT-2022(Mum)-TP
- Tax Payer : Accenture Solutions Private Limited
High Court
HC: Admits Revenue’s appeal; Frames substantial question of law on revisionary jurisdiction and margin computation
Jan 09, 2023
- In Favour of Revenue
- Citation Number : TS-914-HC-2022(BOM)-TP
- Tax Payer : Tetra Pak India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Admits assessee’s additional evidence w.r.t services received from AE, restores issues to TPO
Jan 06, 2023
- In Favour of Assessee
- Citation Number : TS-1518-ITAT-2018(DEL)-TP
- Tax Payer : YKK India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Remits issue of treating third party as AEs absent lower authorities' concrete evidence
Jan 06, 2023
- In Favour of Both, Partially
- Citation Number : TS-912-ITAT-2022(Mum)-TP
- Tax Payer : Shreya Life Sciences Pvt Ltd
Income tax Appellate Tribunal
ITAT: Dismisses Unilever Industries’ appeal as withdrawn in light of APA resolution
Jan 06, 2023
- In Favour of Assessee
- Citation Number : TS-02-ITAT-2023(Mum)-TP
- Tax Payer : Unilever Industries Pvt Ltd
Income tax Appellate Tribunal
ITAT: Deletes AMP addition sans 'international transaction' following earlier orders, holds no basis for intensity adjustment
Jan 06, 2023
- In Favour of Both, Partially
- Citation Number : TS-03-ITAT-2023(DEL)-TP
- Tax Payer : Xerox India Ltd
Income tax Appellate Tribunal
ITAT: Holds book profit increased while computing the same u/s 115JB as incorrect; Deletes TP-adjustment
Jan 06, 2023
- In Favour of Assessee
- Citation Number : TS-913-ITAT-2022(Mum)-TP
- Tax Payer : Deutsche India Pvt Ltd (Formerly DBOI Global Services Ltd)