Rulings ( 11332 results )

Filters
Income tax Appellate Tribunal

ITAT: Allows working capital adjustment on actuals; Remits issues qua forex currency filter, treatment of forex loss

Oct 31, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-727-ITAT-2022(Bang)-TP
  • Tax Payer : FMC India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A) order; Adopts foreign AE as tested party for being least complex in nature

Oct 31, 2022
  • In Favour of Assessee
  • Citation Number : TS-728-ITAT-2022(Mum)-TP
  • Tax Payer : Inventurus Knowledge Solutions Private Limited
Income tax Appellate Tribunal

ITAT: Excludes MSS companies as comparables for BSS provider; Allows working capital adjustment

Oct 31, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-726-ITAT-2022(Bang)-TP
  • Tax Payer : Lloyds Offshore Global Services Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables in SWD and ITeS segments; Directs exclusion for failing the functionality test

Oct 28, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-723-ITAT-2022(Bang)-TP
  • Tax Payer : HP PPS Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua interest on outstanding AE-receivables, Considers non-AE comparable situation

Oct 28, 2022
  • In Favour of Assessee
  • Citation Number : TS-724-ITAT-2022(CHNY)-TP
  • Tax Payer : Integra Software Services P Ltd
Income tax Appellate Tribunal

ITAT: Deletes AMP-adjustment for Essilor India; Follows earlier order applying rule of consistency

Oct 28, 2022
  • In Favour of Assessee
  • Citation Number : TS-725-ITAT-2022(Bang)-TP
  • Tax Payer : Essilor India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua payment for advisory services, Assessee sufficiently proves receipt of services

Oct 27, 2022
  • In Favour of Assessee
  • Citation Number : TS-718-ITAT-2022(PUN)-TP
  • Tax Payer : Grupo Antolin India Private Limited
Income tax Appellate Tribunal

ITAT: Quashes Sec-263 order, TPO-reference qua SDT unnecessary as CBDT Instruction conditions not fulfilled

Oct 27, 2022
  • In Favour of Assessee
  • Citation Number : TS-719-ITAT-2022(Kol)-TP
  • Tax Payer : Zydus Healthcare Limited (Successor to Zydus Healthcare Sikkim)
Income tax Appellate Tribunal

ITAT: Directs TPO to compute ALP at transaction level, ensure exclusion of non-operating items qua sales

Oct 27, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-720-ITAT-2022(PUN)-TP
  • Tax Payer : Magna Automotive India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds furnishing documents supporting 78% expenses reimbursed to AE is 'substantial compliance', deletes addition

Oct 27, 2022
  • In Favour of Assessee
  • Citation Number : TS-721-ITAT-2022(Mum)-TP
  • Tax Payer : Infinity Retail Limited
Income tax Appellate Tribunal

ITAT: Excludes 7 comparables with turnover exceeding Rs.200cr; Holds delayed receivables as separate international-transaction

Oct 21, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-717-ITAT-2022(Bang)-TP
  • Tax Payer : Tivo Tech Private Limited [Formerly Veveo (India) Pvt. Ltd.]
Income tax Appellate Tribunal

ITAT: Directs separate benchmarking for the two divisions; Follows precedents for Frost & Sullivan

Oct 21, 2022
  • In Favour of Assessee
  • Citation Number : TS-713-ITAT-2022(Mum)-TP
  • Tax Payer : Frost & Sullivan (I) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua technical-assistance fee; Follows earlier order

Oct 21, 2022
  • In Favour of Assessee
  • Citation Number : TS-716-ITAT-2022(Mum)-TP
  • Tax Payer : SS Oral Hygiene Products Pvt Ltd (Now merged with Colgate Palmolive (India) Ltd)
Income tax Appellate Tribunal

ITAT: Issue settled in earlier AYs cannot be challenged for subsequent-AY; Deletes TP-adjustment qua technical-assistance fee

Oct 20, 2022
  • In Favour of Assessee
  • Citation Number : TS-715-ITAT-2022(Mum)-TP
  • Tax Payer : SS Oral Hygiene Products Pvt Ltd (Now merged with Colgate Palmolive (India) Ltd)
Income tax Appellate Tribunal

ITAT: Accepting assessee’s Miscellanoeus Application, remits comparability of Persistent Systems and Sasken Communication

Oct 20, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-714-ITAT-2022(DEL)-TP
  • Tax Payer : Open Solutions Software Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for freight forwarding services; Deletes adjustment qua management support service fee

Oct 20, 2022
  • In Favour of Assessee
  • Citation Number : TS-710-ITAT-2022(Kol)-TP
  • Tax Payer : Cargo Partners Logistics India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows working capital adjustment following Huawei Technologies ruling, excludes 3 comparables for ITeS provider

Oct 19, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-711-ITAT-2022(Bang)-TP
  • Tax Payer : Ocwen Financial Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Prefers transaction specific RPM over generalised TNMM for trading; Determines functional classification for manufacturing

Oct 19, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-709-ITAT-2022(PUN)-TP
  • Tax Payer : Vega India Level and Pressure Measurement Private Limited
Income tax Appellate Tribunal

ITAT: No penalty on Shell Global as 'base-erosion' debatable & different approach in profit-attribution insufficient basis

Oct 19, 2022
  • In Favour of Assessee
  • Citation Number : TS-712-ITAT-2022(Ahd)-TP
  • Tax Payer : Shell Global Solutions International BV
Income tax Appellate Tribunal

ITAT: Holds Sony India dutybound to pay royalty, AE made significant investment in developing intangibles

Oct 19, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-708-ITAT-2022(DEL)-TP
  • Tax Payer : Sony India Pvt Ltd