Rulings ( 11913 results )

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Supreme Court

SC: Admits assessee’s SLP and issues notice granting permission to file additional documents/facts

  • In Favour of Assessee
  • Citation Number : TS-1267-SC-2019-TP
  • Tax Payer : Steria India Ltd
Supreme Court

SC: Dismisses assessee’s SLP as withdrawn

  • In Favour of Assessee
  • Citation Number : TS-721-SC-2021-TP
  • Tax Payer : Steria India Ltd
Income tax Appellate Tribunal

ITAT: Holds corporate guarantee as international transaction; Fixes commission @ 0.5%

  • In Favour of Assessee
  • Citation Number : TS-358-ITAT-2023(CHNY)-TP
  • Tax Payer : Acqueon Technologies Private Limited
Income tax Appellate Tribunal

ITAT: Rejects assessee's plea to apply 'weighted average method' for computing mean margin

  • In Favour of Both, Partially
  • Citation Number : TS-359-ITAT-2023(Mum)-TP
  • Tax Payer : Paramount Shipping and Management Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s miscellaneous petition w.r.t comparable-selection and IGS payment

  • In Favour of Assessee
  • Citation Number : TS-360-ITAT-2023(Bang)-TP
  • Tax Payer : Robert Bosch Engineering and Business Solutions Ltd
Income tax Appellate Tribunal

ITAT: Upholds TP-adjustment on corporate guarantee fee @ 1%, follows rule of consistency

  • In Favour of Revenue
  • Citation Number : TS-354-ITAT-2023(CHNY)-TP
  • Tax Payer : TAKE Solutions Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua payment of technical services fee; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-356-ITAT-2023(Rjt)-TP
  • Tax Payer : Woco Tech Polymere Kandla Ltd
Income tax Appellate Tribunal

ITAT: Absent DIN in DRP directions, quashes consequential final assessment order

  • In Favour of Assessee
  • Citation Number : TS-357-ITAT-2023(Bang)-TP
  • Tax Payer : Tyco Fire and Security India Private Limited
Income tax Appellate Tribunal

ITAT: ‘Berry Ratio’, not OP/OC, relevant PLI for ‘Merchanting Trades Segment’

  • In Favour of Both, Partially
  • Citation Number : TS-355-ITAT-2023(DEL)-TP
  • Tax Payer : ADM Agro Industries Kota & Akola P. Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua AMP expenditure; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-352-ITAT-2023(Bang)-TP
  • Tax Payer : Herbalife International India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables qua SWD services, Follows earlier orders

  • In Favour of Both, Partially
  • Citation Number : TS-351-ITAT-2023(Bang)-TP
  • Tax Payer : Applied Material India P Ltd
Income tax Appellate Tribunal

ITAT: Upholds LIBOR for benchmarking interest on loan & outstanding receivables

  • In Favour of Assessee
  • Citation Number : TS-353-ITAT-2023(ASR)-TP
  • Tax Payer : Broadways Overseas Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables selection under SWD/ITeS/MSS segments, remits adjustment qua interest on outstanding receivables

  • In Favour of Both, Partially
  • Citation Number : TS-350-ITAT-2023(Bang)-TP
  • Tax Payer : Tivo Tech Private Limited [Formerly Veveo (India) Pvt. Ltd.]
Income tax Appellate Tribunal

ITAT: Disregards equity's characterisation as deemed loan & deletes notional interest; Follows Bombay HC Ruling

  • In Favour of Assessee
  • Citation Number : TS-347-ITAT-2023(Mum)-TP
  • Tax Payer : Miranda Tools Pvt Ltd (Earlier known as PMP Auto Components P. Ltd.)
Income tax Appellate Tribunal

ITAT: Rules on TP-adjustment w.r.t. AE advances & corporate guarantee fee, basis earlier orders

  • In Favour of Both, Partially
  • Citation Number : TS-348-ITAT-2023(Mum)-TP
  • Tax Payer : KEC International Ltd
Income tax Appellate Tribunal

ITAT: Non-reference of SDT to TPO erroneous & prejudicial, upholds PCIT's revisionary order

  • In Favour of Revenue
  • Citation Number : TS-349-ITAT-2023(SUR)-TP
  • Tax Payer : Hubergroup India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables qua provision of marketing service, follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-344-ITAT-2023(Mum)-TP
  • Tax Payer : Sabre Travel Network (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Disregards TPO’s NIL ALP qua specific IGS as need-benefit test met; Remits ALP determination for other IGS

  • In Favour of Both, Partially
  • Citation Number : TS-345-ITAT-2023(Mum)-TP
  • Tax Payer : Lintas India Private Limited
Income tax Appellate Tribunal

ITAT: Rejects Revenue’s substitution of actual financial results in DCF method for valuing shares

  • In Favour of Both, Partially
  • Citation Number : TS-346-ITAT-2023(Mum)-TP
  • Tax Payer : TPG Growth II Markets Pte Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables qua provision of investment advisory services; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-343-ITAT-2023(DEL)-TP
  • Tax Payer : Chryscapital Investment Advisors (India) Pvt Ltd