Rulings ( 11336 results )

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Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on reimbursement of expenses from AE sans involvement of services; Follows earlier-order

Sep 08, 2022
  • In Favour of Assessee
  • Citation Number : TS-595-ITAT-2022(Mum)-TP
  • Tax Payer : Ness Digital Engineering (India) Pvt Ltd (Formerly known as Ness Technologies (India) Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Remits AMP-adjustment for Adidas India, applies rule of consistency

Sep 08, 2022
  • In Favour of Assessee
  • Citation Number : TS-596-ITAT-2022(DEL)-TP
  • Tax Payer : Adidas India Marketing Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in SWD and ITeS segments; Directs working capital adjustment on actual basis

Sep 08, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-597-ITAT-2022(Bang)-TP
  • Tax Payer : EIT Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds assessee eligible for Sec10B deduction; Deletes addition u/s 10B(7) r.w.s. 80IA(10)

Sep 08, 2022
  • In Favour of Assessee
  • Citation Number : TS-593-ITAT-2022(PUN)-TP
  • Tax Payer : HSBC Software Development (India) Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal; Confirms ITAT’s BLT-rejection in case of Rayban India

Sep 07, 2022
  • In Favour of Assessee
  • Citation Number : TS-592-HC-2022(DEL)-TP
  • Tax Payer : RayBan Sun Optics India Ltd
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar comparables for SWD/ITeS segments; Remits working capital adjustment

Sep 07, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-591-ITAT-2022(Bang)-TP
  • Tax Payer : Citrix R&D India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes one-time extraordinary expenditure for margin-computation; Remits working-capital adjustment

Sep 07, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-590-ITAT-2022(CHNY)-TP
  • Tax Payer : R Stahl Private Limited
Income tax Appellate Tribunal

ITAT: Upholds Sec.263 revision despite DRP directions; Follows Adamas Builders over Barclays Bank ruling

Sep 06, 2022
  • In Favour of Revenue
  • Citation Number : TS-588-ITAT-2022(Bang)-TP
  • Tax Payer : Brocade Communications Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 10 comparables including Infosys BPO, Wipro for ITeS provider, follows earlier orders

Sep 06, 2022
  • In Favour of Assessee
  • Citation Number : TS-589-ITAT-2022(Mum)-TP
  • Tax Payer : WTW Global Delivery and Solutions India Pvt Ltd
High Court

HC: Confirms ITAT’s BLT-rejection; Follows Sony Ericsson HC-ruling, not being stayed by SC in appeal

Sep 06, 2022
  • In Favour of Assessee
  • Citation Number : TS-587-HC-2022(DEL)-TP
  • Tax Payer : Sharp Business Systems (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables qua SWD / MSS segments, follows Salesforce; Remits interest on AE-receivables

Sep 05, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-583-ITAT-2022(Bang)-TP
  • Tax Payer : Infineon Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits inclusion/exclusion of comparables, margin-computation issue; Allows working-capital at actuals

Sep 05, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-585-ITAT-2022(Bang)-TP
  • Tax Payer : Schneider Electric IT Business India Pvt Ltd
Income tax Appellate Tribunal

ITAT: TPO misunderstood assessee’s functional profile; Rejects comparables following assessee’s earlier cases

Sep 05, 2022
  • In Favour of Assessee
  • Citation Number : TS-586-ITAT-2022(DEL)-TP
  • Tax Payer : Globe Ground India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables' selection qua investment advisory services; Follows precedents

Sep 05, 2022
  • In Favour of Assessee
  • Citation Number : TS-584-ITAT-2022(Mum)-TP
  • Tax Payer : General Atlantic Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Quashes final assessment order passed without draft-order; Follows Zuari Cement over Vedanta ruling

Sep 05, 2022
  • In Favour of Assessee
  • Citation Number : TS-582-ITAT-2022(DEL)-TP
  • Tax Payer : Xander Advisors India Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment w.r.t management-service; AO/TPO to consider evidence filed by assessee

Sep 02, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-578-ITAT-2022(CHNY)-TP
  • Tax Payer : YCH Logistics India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes comparables citing extraordinary event, volatile turnover, failing RPT filter; Follows precedents

Sep 02, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-579-ITAT-2022(Bang)-TP
  • Tax Payer : Honeywell Technology Solutions Lab (P) Ltd.
Income tax Appellate Tribunal

ITAT: Upholds deletion of SDT adjustment qua inter-unit power supply, fixes guarantee fee @0.5%

Sep 02, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-580-ITAT-2022(Kol)-TP
  • Tax Payer : Dhunseri Ventures Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables for assessee’s admin / back office support services segment

Sep 02, 2022
  • In Favour of Assessee
  • Citation Number : TS-581-ITAT-2022(Mum)-TP
  • Tax Payer : Marsh McLennan Global Services India Pvt Ltd (formerly known as Jardine Lloyd Thompson India Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Rejects IPCA's ‘basket of product’ for benchmarking unrelated products; Confirms TP-adjustment qua sales-transaction

Sep 02, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-577-ITAT-2022(Mum)-TP
  • Tax Payer : IPCA Laboratories Ltd