Rulings ( 11913 results )

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High Court

HC: Dismisses Revenue’s appeal against ITAT-order holding AMP expenditure not international-transaction

  • In Favour of Assessee
  • Citation Number : TS-342-HC-2023(CAL)-TP
  • Tax Payer : Organon (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Partly allows assessee’s MP citing all aspects considered under MAP

  • In Favour of Both, Partially
  • Citation Number : TS-338-ITAT-2023(Bang)-TP
  • Tax Payer : EIT Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rectifies earlier-order; Directs consideration of additional evidence w.r.t benchmarking import transactions

  • In Favour of Assessee
  • Citation Number : TS-339-ITAT-2023(PUN)-TP
  • Tax Payer : Kimberly-Clark Lever Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua IGS, considers 'enormous evidence' proving receipt of services

  • In Favour of Assessee
  • Citation Number : TS-340-ITAT-2023(DEL)-TP
  • Tax Payer : Avery Ennison (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds 'NIL' ALP of agency commission payment sans proof of need/rendering of services

  • In Favour of Revenue
  • Citation Number : TS-341-ITAT-2023(CHNY)-TP
  • Tax Payer : Intimate Fashions India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Partially allows assessee’s appeal w.r.t. selection of comparables

  • In Favour of Both, Partially
  • Citation Number : TS-334-ITAT-2023(Bang)-TP
  • Tax Payer : Nordex India Pvt Ltd, (Formerly known as Acciona Windpower India Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Upholds capacity under-utilisation adjustment to comparables in first full year of commercial operations

  • In Favour of Assessee
  • Citation Number : TS-335-ITAT-2023(Kol)-TP
  • Tax Payer : Kyocera CTC Precision Tools Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment as TPO-reference abated post search u/s 132

  • In Favour of Both, Partially
  • Citation Number : TS-336-ITAT-2023(Mum)-TP
  • Tax Payer : Veritas (India) Ltd
Supreme Court

SC: Dismisses assessee’s SLP challenging HC’s direction to TPO to pass fresh order

  • In Favour of Revenue
  • Citation Number : TS-337-SC-2023-TP
  • Tax Payer : Motonic India Automotive Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds omission of Sec.92BA(i) invalidates TPO reference qua SDTs, follows precedents

  • In Favour of Assessee
  • Citation Number : TS-331-ITAT-2023(Bang)-TP
  • Tax Payer : Bhuwalka Steel Industries Ltd
Income tax Appellate Tribunal

ITAT: Directs interest computation on outstanding receivables applying LIBOR+200bps

  • In Favour of Both, Partially
  • Citation Number : TS-332-ITAT-2023(Bang)-TP
  • Tax Payer : Finastra Software Solutions (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes TPO/assessment orders as time-barred, follows Pfizer ruling

  • In Favour of Assessee
  • Citation Number : TS-333-ITAT-2023(Mum)-TP
  • Tax Payer : World Sports (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: DRP directions sans DIN renders consequential final assessment order invalid; Follows Brandix ruling

  • In Favour of Assessee
  • Citation Number : TS-330-ITAT-2023(Bang)-TP
  • Tax Payer : Unisys India Private Limited
Income tax Appellate Tribunal

ITAT: SB holds 'Other Method' Most Appropriate qua 'bundle of sports rights'; Vice-President disagrees

  • In Favour of Both, Partially
  • Citation Number : TS-329-ITAT-2023(Mum)-TP
  • Tax Payer : Star India Private Limited
Income tax Appellate Tribunal

ITAT: Remits TP adjustment qua sale of finished goods for fresh examination

  • In Favour of Both, Partially
  • Citation Number : TS-325-ITAT-2023(HYD)-TP
  • Tax Payer : Auronext Pharma Private Limited
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment qua linear agency services, fixes notional interest @6% on outstanding receivables

  • In Favour of Both, Partially
  • Citation Number : TS-326-ITAT-2023(HYD)-TP
  • Tax Payer : Seaways Shipping and Logistics Ltd
Income tax Appellate Tribunal

ITAT: Imputes 0.5% fee on corporate & performance guarantees, prefers external TNMM for purchase/sale

  • In Favour of Both, Partially
  • Citation Number : TS-327-ITAT-2023(PUN)-TP
  • Tax Payer : Bilcare Limited
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment qua interest on OCD/CCD to Cypriot AE for fresh examination

  • In Favour of Both, Partially
  • Citation Number : TS-328-ITAT-2023(Mum)-TP
  • Tax Payer : India Debt Management Pvt Ltd
Income tax Appellate Tribunal

ITAT: AMP expenses incurred are not ‘international transaction’; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-322-ITAT-2023(DEL)-TP
  • Tax Payer : Perfetti Van Melle India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment qua technical fees, annual license charges; Disallows adjustment u/s.37(1) pending reference to TPO

  • In Favour of Both, Partially
  • Citation Number : TS-323-ITAT-2023(Mum)-TP
  • Tax Payer : Sulzer Pumps India Limited