Rulings ( 11519 results )

Filters
High Court

HC: Upholds Nil ALP absent evidence supporting receipt of services; Every AY a separate unit

Nov 14, 2022
  • In Favour of Revenue
  • Citation Number : TS-774-HC-2022(DEL)-TP
  • Tax Payer : Akzonobel India Private Limited
Income tax Appellate Tribunal

ITAT: Rejects Nil ALP determination of management charges and interest on FCCDs paid to AE

Nov 11, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-773-ITAT-2022(CHNY)-TP
  • Tax Payer : Howden Solyvent (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua reimbursement of expenses; Follows precedent

Nov 11, 2022
  • In Favour of Assessee
  • Citation Number : TS-772-ITAT-2022(Mum)-TP
  • Tax Payer : NESS digital Engineering (India) P Ltd
Income tax Appellate Tribunal

ITAT: Grants assessee opportunity to justify change in MAM from TNMM to internal CUP

Nov 11, 2022
  • In Favour of Assessee
  • Citation Number : TS-771-ITAT-2022(CHNY)-TP
  • Tax Payer : Seoyon E-HWA Automotive Chennai Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on commission qua 'old' and 'new' corporate guarantees, interest on AE-loan

Nov 11, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-770-ITAT-2022(Mum)-TP
  • Tax Payer : Mahindra & Mahindra Ltd
Income tax Appellate Tribunal

ITAT: PCIT overstepped exercising revisional jurisdiction; Sets aside order given mandatory requirements unfulfilled

Nov 11, 2022
  • In Favour of Assessee
  • Citation Number : TS-769-ITAT-2022(Mum)-TP
  • Tax Payer : Metallurgical Services Private Limited
Income tax Appellate Tribunal

ITAT: Draft Order not forwarded at address stipulated under Rule 127; Quashes assessment as time-barred

Nov 10, 2022
  • In Favour of Assessee
  • Citation Number : TS-768-ITAT-2022(Mum)-TP
  • Tax Payer : DSV Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables; Rejects adjustment for underutilization of capacity and application of multiple year data

Nov 10, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-765-ITAT-2022(CHNY)-TP
  • Tax Payer : Eversendai Construction Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables under SWD, MSS segments; Holds outstanding trade receivables as international-transaction

Nov 10, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-767-ITAT-2022(Bang)-TP
  • Tax Payer : Synamedia India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables citing extraordinary event of amalgamation, merger etc for SWD service provider

Nov 10, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-764-ITAT-2022(PUN)-TP
  • Tax Payer : SAS Research & Development India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Treats forex gain, insurance claim as operating in nature; Remits issue qua payment for IGS

Nov 10, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-766-ITAT-2022(PUN)-TP
  • Tax Payer : Dana India Private Limited
Income tax Appellate Tribunal

ITAT: Scrutinizes the expression ‘control’ in Sec. 92A(2); Invalidates AO’s conclusion for reopening the assessment

Nov 10, 2022
  • In Favour of Assessee
  • Citation Number : TS-763-ITAT-2022(Mum)-TP
  • Tax Payer : Reliance Industrial Holdings Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes adjustment w.r.t outstanding AE-receivables; Follows Kusum Health care

Nov 09, 2022
  • In Favour of Assessee
  • Citation Number : TS-759-ITAT-2022(Mum)-TP
  • Tax Payer : Aquity Solutions India Pvt Ltd (Earlier known as M Modal Global Services Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Quashes final order passed beyond limitation period, De novo assessment not ordered in first round

Nov 09, 2022
  • In Favour of Assessee
  • Citation Number : TS-760-ITAT-2022(Bang)-TP
  • Tax Payer : Mindtree Ltd (Previously known as Aztecsoft Ltd)
Income tax Appellate Tribunal

ITAT: Adopts corporate-guarantee commission at 0.5%, remits issue w.r.t notional interest on AE-receivables

Nov 09, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-761-ITAT-2022(Bang)-TP
  • Tax Payer : Medreich Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables in SWD segment; Remits adjustment qua working capital, Follows precedent

Nov 09, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-762-ITAT-2022(Bang)-TP
  • Tax Payer : IG Infotech (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows working-capital adjustment on actuals; Holds recovery of pass-through costs as separate international-transaction

Nov 08, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-755-ITAT-2022(Bang)-TP
  • Tax Payer : Parexel International (India) Private Limited
Income tax Appellate Tribunal

ITAT: Upholds deletion of Sec.271G penalty, assessee didn't drag proceedings to 'fag end' as alleged by TPO

Nov 08, 2022
  • In Favour of Assessee
  • Citation Number : TS-756-ITAT-2022(Mum)-TP
  • Tax Payer : Doshion Water Solution Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses appeal due to small quantum; Grants liberty to contest all issues in an appropriate AY

Nov 08, 2022
  • In Favour of None/NA
  • Citation Number : TS-758-ITAT-2022(Bang)-TP
  • Tax Payer : Technicolor India Pvt Ltd, (Formerly known as Thomson Holdings India Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Rules against different MAM-selection unless change in law and facts ; Deletes adjustment for purchase of greasy wool

Nov 08, 2022
  • In Favour of Assessee
  • Citation Number : TS-757-ITAT-2022(Kol)-TP
  • Tax Payer : Global Wool Alliance Pvt Ltd