Rulings ( 11332 results )

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Income tax Appellate Tribunal

ITAT: Accepts internal TNMM for benchmarking qua provision of ITeS; Follows precedent

Oct 11, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-689-ITAT-2022(DEL)-TP
  • Tax Payer : Bertelsmann Marketing Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds TPO cannot decide prudence of franchise fee payment, rejects NIL ALP determination

Oct 10, 2022
  • In Favour of Assessee
  • Citation Number : TS-687-ITAT-2022(Mum)-TP
  • Tax Payer : Royal Canin India Private Limited
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment qua Management / Business Support Services; Follows earlier orders

Oct 07, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-682-ITAT-2022(DEL)-TP
  • Tax Payer : BSI Management Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables; Directs considering audited segmental accounts for fresh adjustments

Oct 07, 2022
  • In Favour of Assessee
  • Citation Number : TS-683-ITAT-2022(DEL)-TP
  • Tax Payer : Organica Water Private Limited
Income tax Appellate Tribunal

ITAT: Quashes assessment order passed on non-existent amalgamated entity; Follows precedents

Oct 07, 2022
  • In Favour of Assessee
  • Citation Number : TS-684-ITAT-2022(DEL)-TP
  • Tax Payer : Expedia Online Travel Services India Pvt Ltd (as successor in interst for Orbits India Services Private Limited)
Income tax Appellate Tribunal

ITAT: Excludes 3 functionally different govt-owned entities qua security support services provider, follows precedent

Oct 07, 2022
  • In Favour of Assessee
  • Citation Number : TS-685-ITAT-2022(Mum)-TP
  • Tax Payer : Novartis India Limited
Income tax Appellate Tribunal

ITAT: Allows assessee’s stay application for recovery of outstanding tax arrears; Follows Maruti Suzuki ruling

Oct 06, 2022
  • In Favour of Assessee
  • Citation Number : TS-680-ITAT-2022(Bang)-TP
  • Tax Payer : TE Connectivity India P Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment made towards interest paid on CCDs to AE; Follows Bom HC ruling

Oct 06, 2022
  • In Favour of Assessee
  • Citation Number : TS-679-ITAT-2022(Mum)-TP
  • Tax Payer : Mahindra Homes Private Limited
Income tax Appellate Tribunal

ITAT: Rejects TPO's RPM, accepts TNMM as ‘last resort’ for import transactions; Follows earlier order

Oct 06, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-681-ITAT-2022(Mum)-TP
  • Tax Payer : India Medtronic Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables for turnover over 200Cr for EDS provider, remits working capital adjustment

Oct 04, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-676-ITAT-2022(Bang)-TP
  • Tax Payer : GE BE Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 9 comparables having turnover more than Rs. 200 crores; Remits margin computation plea

Oct 04, 2022
  • In Favour of Assessee
  • Citation Number : TS-677-ITAT-2022(Bang)-TP
  • Tax Payer : ACI Worldwide Solutions Private Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua SDTs; Attributes reason to omission of clause (1) of Sec.92BA

Oct 04, 2022
  • In Favour of Assessee
  • Citation Number : TS-678-ITAT-2022(Mum)-TP
  • Tax Payer : Aura Spinwell Ltd
Income tax Appellate Tribunal

ITAT: Remits assessee’s appeal against final-assessment order despite assessee's non-appearance before DRP

Oct 03, 2022
  • In Favour of Assessee
  • Citation Number : TS-673-ITAT-2022(Bang)-TP
  • Tax Payer : Opto Circuits India Ltd
Income tax Appellate Tribunal

ITAT: Retains comparable qua back-office support services, no functional dissimilarity or impact of extraordinary event / intangibles

Oct 03, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-674-ITAT-2022(Bang)-TP
  • Tax Payer : Dell International Services India Pvt Ltd, (Formerly known as Dell Computer India Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Remits application of MAM; Follows consistency principle w.r.t selecting MAM

Oct 03, 2022
  • In Favour of Assessee
  • Citation Number : TS-675-ITAT-2022(Bang)-TP
  • Tax Payer : Toyota Boshoku Automotive India Private Limited
Income tax Appellate Tribunal

ITAT: Non-service of DRP’s direction doesn't vitiate final assessment-order; Dismisses Cummins India's plea

Oct 03, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-672-ITAT-2022(PUN)-TP
  • Tax Payer : Cummins India Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables; Remits margin computation, risk adjustment for BPO service provider

Sep 30, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-668-ITAT-2022(DEL)-TP
  • Tax Payer : Cvent India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP adjustments as TPO's order barred by limitation, follows Emerson Electric ruling

Sep 30, 2022
  • In Favour of Assessee
  • Citation Number : TS-669-ITAT-2022(Mum)-TP
  • Tax Payer : The Indian Hotels Company Ltd.
Income tax Appellate Tribunal

ITAT: Upholds deletion of TP-adjustment qua R&D expenses and Management Fees, follows earlier orders

Sep 30, 2022
  • In Favour of Assessee
  • Citation Number : TS-670-ITAT-2022(Mum)-TP
  • Tax Payer : Hamon Cooling Systems Private Limited
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment as interest payable wrongly treated as interest receivable

Sep 30, 2022
  • In Favour of Assessee
  • Citation Number : TS-671-ITAT-2022(DEL)-TP
  • Tax Payer : Eli Research India Pvt Ltd