Rulings ( 11519 results )

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Supreme Court

SC: Dismisses assessee’s SLP against HC-order confirming ITAT's remand of corporate-guarantee commission

Dec 29, 2022
  • In Favour of Revenue
  • Citation Number : TS-893-SC-2022-TP
  • Tax Payer : Jubilant Pharmova Ltd
High Court

HC: Dismisses assessee’s appeal against ITAT order remitting corporate-guarantee commission issue

Dec 29, 2022
  • In Favour of Revenue
  • Citation Number : TS-894-HC-2022(ALL)-TP
  • Tax Payer : Jubilant Pharmova Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables, upholds TNMM over CUP as MAM for benchmarking service charge payment

Dec 28, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-891-ITAT-2022(Mum)-TP
  • Tax Payer : Hannover Milano Fairs India Private Limited
Income tax Appellate Tribunal

ITAT: Restricts corporate-guarantee fee @0.5%; Upholds CUP as MAM for exports, refuses 'discount' adjustment

Dec 28, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-892-ITAT-2022(PUN)-TP
  • Tax Payer : Jain Irrigation Systems Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for coordination of clinical trial segment and recovery of expenses; Follows precedents

Dec 27, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-888-ITAT-2022(Bang)-TP
  • Tax Payer : Astra Zeneca Pharma India Ltd
Income tax Appellate Tribunal

ITAT: Accepts assessee's government-approved valuer report qua purchase of machinery, directs aggregate benchmarking

Dec 27, 2022
  • In Favour of Assessee
  • Citation Number : TS-889-ITAT-2022(Mum)-TP
  • Tax Payer : Tessitura Monti India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds need-benefit-rendition tests qua IGS to be established every year; Earlier orders not determinative

Dec 27, 2022
  • In Favour of Assessee
  • Citation Number : TS-890-ITAT-2022(Mum)-TP
  • Tax Payer : Lintas India Private Limited
Income tax Appellate Tribunal

ITAT: Rules on exclusion/inclusion of over 10 comparables; Remits working capital adjustment

Dec 26, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-887-ITAT-2022(Bang)-TP
  • Tax Payer : Mindteck (India) Limited
Income tax Appellate Tribunal

ITAT: Excludes Motilal Oswal being functionally-dissimilar to advisory/consultancy services provider

Dec 26, 2022
  • In Favour of Assessee
  • Citation Number : TS-886-ITAT-2022(Mum)-TP
  • Tax Payer : Rothschild & Co India Private Limited
Income tax Appellate Tribunal

ITAT: Confirms assessee’s determination of guarantee commission at 0.35%, deletes TP-adjustment

Dec 26, 2022
  • In Favour of Assessee
  • Citation Number : TS-885-ITAT-2022(Mum)-TP
  • Tax Payer : Greatship (India) Ltd
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s appeal on TP issues as not pressed in light of APA resolution

Dec 23, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-882-ITAT-2022(DEL)-TP
  • Tax Payer : Concentrix Daksh Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP determination of management services fee for consideration of evidence provided by assessee

Dec 23, 2022
  • In Favour of Assessee
  • Citation Number : TS-883-ITAT-2022(Mum)-TP
  • Tax Payer : 3A Composites India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds final assessment non-est in law as barred by limitation; Follows precedent

Dec 23, 2022
  • In Favour of Assessee
  • Citation Number : TS-884-ITAT-2022(Bang)-TP
  • Tax Payer : IPG DXTRA India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes notional interest charged on loan to AE, Loan inherited via merger not an international transaction

Dec 23, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-881-ITAT-2022(Bang)-TP
  • Tax Payer : Xchanging Solutions Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua SDT, considers omission of Sec.92BA(i); Follows earlier order

Dec 22, 2022
  • In Favour of Assessee
  • Citation Number : TS-878-ITAT-2022(Kol)-TP
  • Tax Payer : Rahee Jhajharia E to E JV
Income tax Appellate Tribunal

ITAT: Excludes comparables failing turnover filter; Deletes AMP adjustment

Dec 22, 2022
  • In Favour of Assessee
  • Citation Number : TS-879-ITAT-2022(Bang)-TP
  • Tax Payer : Alcon Laboratories (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits issue of adjustment qua salary cost reimbursement by AE for fresh consideration

Dec 22, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-880-ITAT-2022(Ahd)-TP
  • Tax Payer : e-infochips Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP determination of SDT, dismisses non applicability of Sec 40A(2)(b)

Dec 21, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-874-ITAT-2022(VIZ)-TP
  • Tax Payer : 3F Industries Limited
Income tax Appellate Tribunal

ITAT: Sets aside draft order passed in non-existent company's name, invalidates subsequent proceedings; Follows precedents

Dec 21, 2022
  • In Favour of Assessee
  • Citation Number : TS-875-ITAT-2022(Mum)-TP
  • Tax Payer : Siemens Limited (Successor in Interest to Siemens VIA Metals Technologies Private Limited)
Income tax Appellate Tribunal

ITAT: Rules on comparables qua SWD service provider, applies 200Cr upper turnover filter, follows precedents

Dec 21, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-877-ITAT-2022(Bang)-TP
  • Tax Payer : Microchip Technology India Pvt Ltd