Rulings ( 11332 results )
Income tax Appellate Tribunal
ITAT: Accepts rate charged by SEB as comparable, holds sale of power at arm's length
Nov 04, 2022
- In Favour of Assessee
- Citation Number : TS-747-ITAT-2022(HYD)-TP
- Tax Payer : Sree Rayalaseema Hi Strength Hypo Limited
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustment qua AMP expenses for PepsiCo India following earlier orders
Nov 04, 2022
- In Favour of Assessee
- Citation Number : TS-748-ITAT-2022(DEL)-TP
- Tax Payer : Pepsico India Housing Pvt Ltd
Income tax Appellate Tribunal
ITAT: Directs ALP determination qua management-fees and R&D as agreed under APA for subsequent-AYs, Follows precedent
Nov 04, 2022
- In Favour of Assessee
- Citation Number : TS-749-ITAT-2022(Kol)-TP
- Tax Payer : Cookson India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Accepts assessee's segmental profitability analysis, rules on comparables, applies LIBOR+2% on outstanding AE-receivables
Nov 03, 2022
- In Favour of Both, Partially
- Citation Number : TS-742-ITAT-2022(Bang)-TP
- Tax Payer : NTT DATA FA Insurance Systems (India) Private Limited
Income tax Appellate Tribunal
ITAT: Excludes 2 comparables for manufacturing segment; Remits adjustment qua interest on delayed AE-receivables
Nov 03, 2022
- In Favour of Assessee
- Citation Number : TS-741-ITAT-2022(Bang)-TP
- Tax Payer : Biesse Manufacturing Co Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rules on comparables in SWD segment; Remits entity level margin computation, interest on delayed AE receivables
Nov 03, 2022
- In Favour of Both, Partially
- Citation Number : TS-743-ITAT-2022(Bang)-TP
- Tax Payer : MFX Infotech Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rules on comparables in SWD segment; Directs fresh examination of interest on delayed AE-receivables
Nov 03, 2022
- In Favour of Both, Partially
- Citation Number : TS-744-ITAT-2022(Bang)-TP
- Tax Payer : Synamedia India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Directs adoption of internal TNMM as MAM, remits issue; Rebukes TPO’s contradictory observation
Nov 03, 2022
- In Favour of Both, Partially
- Citation Number : TS-740-ITAT-2022(Bang)-TP
- Tax Payer : Brillio Technologies Pvt Ltd (Formerly known as M/s. Collabera Solutions Pvt. Ltd.,)
Income tax Appellate Tribunal
ITAT: Deletes AMP-adjustment, follows assessee's own orders carrying greater precedential value; Remits MAM-selection
Nov 02, 2022
- In Favour of Both, Partially
- Citation Number : TS-735-ITAT-2022(DEL)-TP
- Tax Payer : Xerox India Ltd. (Previously known as Xerox Modicorp Limited)
Income tax Appellate Tribunal
ITAT: Allows working capital adjustment on actuals to bring comparables at par with assessee; Follows precedents
Nov 02, 2022
- In Favour of Assessee
- Citation Number : TS-736-ITAT-2022(Bang)-TP
- Tax Payer : Leoch Batteries India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Remits ALP determination of export of finished goods given non-consideration of evidence
Nov 02, 2022
- In Favour of Both, Partially
- Citation Number : TS-738-ITAT-2022(Bang)-TP
- Tax Payer : Herbalife International India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Directs considering external TNMM instead of internal TNMM to determine ALP; Modifies earlier order
Nov 02, 2022
- In Favour of Assessee
- Citation Number : TS-737-ITAT-2022(Bang)-TP
- Tax Payer : Inteva Products India Automotive P Ltd
Income tax Appellate Tribunal
ITAT: Excludes 7 comparables with turnover exceeding 200Cr qua SWD service provider, follows precedents
Nov 02, 2022
- In Favour of Both, Partially
- Citation Number : TS-739-ITAT-2022(Bang)-TP
- Tax Payer : Dover India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rules on comparables qua software services / SWD segments; Remits royalty-payment issue, emphasizes on consistency
Nov 01, 2022
- In Favour of Both, Partially
- Citation Number : TS-730-ITAT-2022(Bang)-TP
- Tax Payer : Wipro GE Healthcare Pvt Ltd
Income tax Appellate Tribunal
ITAT: Excludes 10 comparables for failing upper turnover filter of 200Cr, follows BORQS ruling
Nov 01, 2022
- In Favour of Both, Partially
- Citation Number : TS-732-ITAT-2022(Bang)-TP
- Tax Payer : Marvell India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Excludes 3, includes 4 as comparables for SWD service provider; Remits interest on receivables plea
Nov 01, 2022
- In Favour of Both, Partially
- Citation Number : TS-729-ITAT-2022(Bang)-TP
- Tax Payer : Hewlett Packard (India) Software Operation P Ltd
High Court
HC: AMP expenses not an international transaction; Dismisses Revenue’s appeal, Follows precedent
Nov 01, 2022
- In Favour of Assessee
- Citation Number : TS-731-HC-2022(DEL)-TP
- Tax Payer : Amadeus India Pvt. Ltd.
Income tax Appellate Tribunal
ITAT: Upholds deletion of TP-adjustment qua depreciation on purchase of business rights, follows earlier order
Nov 01, 2022
- In Favour of Assessee
- Citation Number : TS-733-ITAT-2022(Mum)-TP
- Tax Payer : WNS Global Services Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rules on applicability of conflicting non-jurisdictional HC rulings over Sec.144C effective date
Nov 01, 2022
- In Favour of Revenue
- Citation Number : TS-734-ITAT-2022(Mum)-TP
- Tax Payer : Wockhardt Ltd.
Income tax Appellate Tribunal
ITAT: Upholds Sec 263 revisionary order; TPO-reference mandatory, Non-compliance of Instruction prejudicial to Revenue
Oct 31, 2022
- In Favour of Revenue
- Citation Number : TS-722-ITAT-2022(Bang)-TP
- Tax Payer : PGS Premiere Conferencing Private Limited