Rulings ( 11332 results )

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Income tax Appellate Tribunal

ITAT: Adjudicates on aggregation of international transactions; Payment of Royalty cannot be clubbed with manufacturing segment

Sep 30, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-667-ITAT-2022(PUN)-TP
  • Tax Payer : Cummins India Limited
Income tax Appellate Tribunal

ITAT: Excludes 3, remits 3 for comparability analysis for ITeS provider; Follows precedent

Sep 29, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-663-ITAT-2022(Bang)-TP
  • Tax Payer : Global E-Business Operations Private Limited
Income tax Appellate Tribunal

ITAT: Accepts Puma India’s plea in second round of litigation w.r.t comparables and margin computation

Sep 29, 2022
  • In Favour of Assessee
  • Citation Number : TS-665-ITAT-2022(Bang)-TP
  • Tax Payer : Puma Sports India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits issue falling under erstwhile SDT provisions; Directs AO to examine allowability u/s 40A(2)

Sep 29, 2022
  • In Favour of Assessee
  • Citation Number : TS-666-ITAT-2022(Kol)-TP
  • Tax Payer : Bengal Emta Coal Mines Ltd
High Court

HC: Permits assessee to raise objections before AO qua reassessment, modifies order in writ appeal

Sep 29, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-664-HC-2022(MAD)-TP
  • Tax Payer : PayPal India Private Limited
Income tax Appellate Tribunal

ITAT: Allows assessee’s MP; Rectifies Tribunal-order by remitting TP-adjustment w.r.t Marketing Support Services

Sep 28, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-633-ITAT-2022(Bang)-TP
  • Tax Payer : DMG Mori India Pvt Ltd (formerly DMG Mori Seiki India Machines and Services Pvt Ltd)
High Court

HC: Dismisses Revenue’s appeal; No substantial question arises w.r.t intra-group services and interest on AE-receivables

Sep 28, 2022
  • In Favour of Assessee
  • Citation Number : TS-660-HC-2022(DEL)-TP
  • Tax Payer : Avery Dennision (I) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables, remits working capital adjustment for SWD provider; Follows precedents

Sep 28, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-662-ITAT-2022(Bang)-TP
  • Tax Payer : ContinuServe Softech India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Follows earlier orders, directs exclusion of IGS charges from operating cost if benchmarked separately

Sep 28, 2022
  • In Favour of Assessee
  • Citation Number : TS-661-ITAT-2022(Bang)-TP
  • Tax Payer : TE Connectivity Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s appeal; Directs AO to consider assessee’s modified return giving effect to APA

Sep 28, 2022
  • In Favour of Assessee
  • Citation Number : TS-659-ITAT-2022(Bang)-TP
  • Tax Payer : Alten Calsoft Labs India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Restores appeal to CIT(A) order; Laments non-speaking order and no discussion on merits

Sep 27, 2022
  • In Favour of Assessee
  • Citation Number : TS-1262-ITAT-2019(CHNY)-TP
  • Tax Payer : Valeo India Private Limited
Income tax Appellate Tribunal

ITAT: Restricts ALP of guarantee commission at 0.5%; Follows Everest Kento HC ruling

Sep 27, 2022
  • In Favour of Assessee
  • Citation Number : TS-716-ITAT-2021(Mum)-TP
  • Tax Payer : 63 Moon Technologies Limited
High Court

HC: Allows assesee’s writ and quashes final order sans draft order in remand proceedings, Follows precedent

Sep 27, 2022
  • In Favour of Assessee
  • Citation Number : TS-684-HC-2021(MAD)-TP
  • Tax Payer : Volex Interconnect (India) Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables’ selection for manufacturing; Adjudicates on working capital adjustment

Sep 27, 2022
  • In Favour of Assessee
  • Citation Number : TS-657-ITAT-2022(Bang)-TP
  • Tax Payer : Walvoil Fluid Power India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in ITeS segment, allows depreciation at 60% on software purchased by assessee

Sep 27, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-658-ITAT-2022(HYD)-TP
  • Tax Payer : TNS India Private Limited
High Court

HC: Refuses to interfere with ITAT order excluding functionally dissimilar comparables sans perversity

Sep 27, 2022
  • In Favour of Assessee
  • Citation Number : TS-656-HC-2022(DEL)-TP
  • Tax Payer : Macquarie Global Services Pvt Ltd
High Court

HC: Dismisses assessee's writ appeal, holds AO empowered to initiate reassessment sans final assessment order

Sep 27, 2022
  • In Favour of Revenue
  • Citation Number : TS-655-HC-2022(MAD)-TP
  • Tax Payer : Kone Elevator India Private Limited
Income tax Appellate Tribunal

ITAT: Permits assessee's capitalisation of "SDT-expenses" and consequent depreciation; Rejects TPO's NIL ALP

Sep 26, 2022
  • In Favour of Assessee
  • Citation Number : TS-653-ITAT-2022(Mum)-TP
  • Tax Payer : Thiruvananthapuram Road Development Company Ltd
Income tax Appellate Tribunal

ITAT: Holds defective goods returned not ‘extraordinary expense’; Upholds RPM for traded goods sold to AEs

Sep 26, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-34-ITAT-2022(PUN)-TP
  • Tax Payer : Robertshaw Controls India Private Limited
Income tax Appellate Tribunal

ITAT: Admits assessee’s additional-grounds w.r.t non-adoption of prescribed methods; Remits issue

Sep 26, 2022
  • In Favour of Assessee
  • Citation Number : TS-1263-ITAT-2020(HYD)-TP
  • Tax Payer : Biogenex Life Sciences Private Ltd