Rulings ( 11519 results )

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Income tax Appellate Tribunal

ITAT: Upholds exclusion of comparables doing big-ticket government projects qua routine EDS provider

Nov 28, 2022
  • In Favour of Assessee
  • Citation Number : TS-811-ITAT-2022(Mum)-TP
  • Tax Payer : Worley India Pvt Ltd (Formerly known as Jacobs Engineering India Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Remands TP-adjustment w.r.t sales made to AE; Directs de-novo determination of ALP

Nov 28, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-812-ITAT-2022(Mum)-TP
  • Tax Payer : Diaster Jewellery Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua royalty payment by General Motors India; Rules on comparable selection

Nov 28, 2022
  • In Favour of Assessee
  • Citation Number : TS-813-ITAT-2022(Ahd)-TP
  • Tax Payer : General Motors India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-issue qua management charge payment, notes APA for subsequent years has guidance value

Nov 28, 2022
  • In Favour of Assessee
  • Citation Number : TS-814-ITAT-2022(Mum)-TP
  • Tax Payer : Aker Powergas Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes BLT based AMP adjustment absent international transaction for Suzuki Motorcycles, follows precedent

Nov 25, 2022
  • In Favour of Assessee
  • Citation Number : TS-808-ITAT-2022(DEL)-TP
  • Tax Payer : Suzuki Motorcycles (I) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua management-fees sans application of prescribed method; Rejects ALP determined on estimation basis

Nov 25, 2022
  • In Favour of Assessee
  • Citation Number : TS-809-ITAT-2022(Mum)-TP
  • Tax Payer : Brinks India Pvt Ltd (Formerly known as ‘Brinks Arya (India) Private Ltd.’)
Income tax Appellate Tribunal

ITAT: Rules on comparables qua SWD service provider, deletes interest on delayed AE-receivables

Nov 25, 2022
  • In Favour of Assessee
  • Citation Number : TS-810-ITAT-2022(DEL)-TP
  • Tax Payer : Global Logic India Ltd
Income tax Appellate Tribunal

ITAT: Deletes AMP adjustment, applies rule of consistency; Excludes 4 comparables under IT support services segment

Nov 24, 2022
  • In Favour of Assessee
  • Citation Number : TS-805-ITAT-2022(Bang)-TP
  • Tax Payer : Alcon Laboratories Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparable for majorly subcontracting work, terms it functionally different

Nov 24, 2022
  • In Favour of Assessee
  • Citation Number : TS-806-ITAT-2022(Ahd)-TP
  • Tax Payer : Weatherford Drilling and Production Services (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows adjustments qua capacity utilization, working capital; Directs TPO to exercise power u/s 133(6) if needed

Nov 24, 2022
  • In Favour of Assessee
  • Citation Number : TS-807-ITAT-2022(Kol)-TP
  • Tax Payer : Witzenmann India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds imputation of notional interest on loan, refuses to consider provision for doubtful debt

Nov 24, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-804-ITAT-2022(Bang)-TP
  • Tax Payer : United Spirits Limited
Income tax Appellate Tribunal

ITAT: Restricts rate of corporate guarantee commission to 0.50%, Remits interest on delayed AE-receivable

Nov 23, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-801-ITAT-2022(Bang)-TP
  • Tax Payer : Trianz Holdings Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants capacity utilization adjustment, denies risk adjustment; Directs using average of past three years’ data

Nov 23, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-802-ITAT-2022(CHNY)-TP
  • Tax Payer : Triumph International (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Applies TNMM to benchmark commission payment; Adopts subsequent year findings for current year

Nov 23, 2022
  • In Favour of Assessee
  • Citation Number : TS-803-ITAT-2022(Mum)-TP
  • Tax Payer : Raymond Limited
Income tax Appellate Tribunal

ITAT: Computes guarantee amount at 0.5%; Upholds CIT(A) order

Nov 22, 2022
  • In Favour of Assessee
  • Citation Number : TS-798-ITAT-2022(Mum)-TP
  • Tax Payer : 63 Moon Technologies Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables qua SWD, MSS and ITeS segments; Remits interest on outstanding-receivables

Nov 22, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-799-ITAT-2022(Bang)-TP
  • Tax Payer : Mandiant Cyber Security Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs PLI computation only qua international transactions; Dismisses TPO's approach

Nov 22, 2022
  • In Favour of Assessee
  • Citation Number : TS-800-ITAT-2022(Mum)-TP
  • Tax Payer : Tricom Infotech Solutions Ltd
High Court

HC: Dismisses Revenue’s appeal qua AMP-adjustment; Analyses existing jurisprudence

Nov 22, 2022
  • In Favour of Assessee
  • Citation Number : TS-797-HC-2022(DEL)-TP
  • Tax Payer : Moet Hennessy India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Confirms guarantee commission @ 0.5%; Follows Everest Kanto Cylinder ruling

Nov 21, 2022
  • In Favour of Assessee
  • Citation Number : TS-793-ITAT-2022(Mum)-TP
  • Tax Payer : PFS Sihpping (India) Ltd
Income tax Appellate Tribunal

ITAT: Excludes Cosmic Global, Infosys BPO under ITeS segment; Follows precedents

Nov 21, 2022
  • In Favour of Assessee
  • Citation Number : TS-794-ITAT-2022(Mum)-TP
  • Tax Payer : Travelex India Private Limited