Rulings ( 11337 results )
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
Income tax Appellate Tribunal
ITAT: Dismisses Revenue’s appeal; Confirms exclusion of functionally-dissimilar Bodhtree Consulting, Kals Information Systems
Sep 01, 2022
- In Favour of Assessee
- Citation Number : TS-573-ITAT-2022(PUN)-TP
- Tax Payer : NetHawk Networks India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rules on comparables in SWD segment; Remits issues qua interest on receivables and management fee
Sep 01, 2022
- In Favour of Both, Partially
- Citation Number : TS-574-ITAT-2022(HYD)-TP
- Tax Payer : Infor (India) Private Limited
Income tax Appellate Tribunal
ITAT: Rules on comparables in Software engineering & Design services segment, remits capacity utilisation adjustment
Sep 01, 2022
- In Favour of Both, Partially
- Citation Number : TS-575-ITAT-2022(Bang)-TP
- Tax Payer : Airbus Group India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rules on TP-adjustment qua corporate-guarantee provided by Tata Sons to foreign-AE
Sep 01, 2022
- In Favour of Assessee
- Citation Number : TS-576-ITAT-2022(Mum)-TP
- Tax Payer : Tata Sons Ltd
Income tax Appellate Tribunal
ITAT: Accepts delayed submission of requisitioned information due to CFO-unavailability; Deletes Sec.271G-penalty
Sep 01, 2022
- In Favour of Assessee
- Citation Number : TS-572-ITAT-2022(Mum)-TP
- Tax Payer : JSW Energy Ltd
Income tax Appellate Tribunal
ITAT: Adjudicates various adjustments including corporate guarantee, loan, etc qua Sun Pharma; Follows earlier order
Aug 30, 2022
- In Favour of Both, Partially
- Citation Number : TS-570-ITAT-2022(Ahd)-TP
- Tax Payer : Sun Pharmaceutical Industries Ltd
Income tax Appellate Tribunal
ITAT: Applies upper-turnover filter of 200 crores for SWD service provider; Remits working-capital adjustment
Aug 30, 2022
- In Favour of Assessee
- Citation Number : TS-571-ITAT-2022(Bang)-TP
- Tax Payer : Atos IT Services Private Limited
Income tax Appellate Tribunal
ITAT: Without final addition AO's "formation of belief" qua income escapement fails, Quashes re-assessment
Aug 30, 2022
- In Favour of Assessee
- Citation Number : TS-569-ITAT-2022(Mum)-TP
- Tax Payer : Edelweiss Rural & Corporate Services Limited (Earlier known as M/s. Edelweiss Commodities Services Limited)
Income tax Appellate Tribunal
ITAT: FTS paid by assessee not duplication of royalty payment, directs revenue to revisit TP analysis
Aug 30, 2022
- In Favour of Assessee
- Citation Number : TS-568-ITAT-2022(Bang)-TP
- Tax Payer : Praxair India Private Limited
Income tax Appellate Tribunal
ITAT: Benchmarks royalty under trading segment given lack of comparables; Remits comparison
Aug 29, 2022
- In Favour of Assessee
- Citation Number : TS-567-ITAT-2022(Bang)-TP
- Tax Payer : Wipro GE Healthcare Pvt Ltd
Income tax Appellate Tribunal
ITAT: Excludes 3, remits 1 as comparables for logistics-services provider; Remits margin-computation dispute
Aug 29, 2022
- In Favour of Both, Partially
- Citation Number : TS-564-ITAT-2022(Mum)-TP
- Tax Payer : OOCL Logistics (India) Pvt Ltd
Income tax Appellate Tribunal
ITAT: Remits ALP determination of AMP expenses for Diageo India, follows earlier order
Aug 29, 2022
- In Favour of Both, Partially
- Citation Number : TS-565-ITAT-2022(Mum)-TP
- Tax Payer : Diageo India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Deletes concealment penalty levied on Sun Pharma for Pantoprazole supply as quantum addition deleted
Aug 29, 2022
- In Favour of Both, Partially
- Citation Number : TS-566-ITAT-2022(Ahd)-TP
- Tax Payer : Sun Pharmaceutical Industries Ltd
Income tax Appellate Tribunal
ITAT: Holds guideline value of land building as fair value for redemption of preference shares; No TP and deemed dividend adjustment
Aug 29, 2022
- In Favour of Assessee
- Citation Number : TS-563-ITAT-2022(Bang)-TP
- Tax Payer : Information Technology Park Ltd
Income tax Appellate Tribunal
ITAT: Adjudicates on various issues qua working-capital adjustment, treatment of FOREX fluctuation, comparables selection & more!
Aug 26, 2022
- In Favour of Both, Partially
- Citation Number : TS-559-ITAT-2022(Bang)-TP
- Tax Payer : Inteva Products India Automotive Pvt Ltd
Income tax Appellate Tribunal
ITAT: Includes Marketing Consultants Agencies Ltd as comparable; Considers AO/TPO's failure to comply with DRP’s direction
Aug 26, 2022
- In Favour of Assessee
- Citation Number : TS-560-ITAT-2022(Mum)-TP
- Tax Payer : NBC Fashion India Private Limited
Income tax Appellate Tribunal
ITAT: Remits TP-adjustment qua sourcing commission payment for Nike India; Accepts royalty-payment adjustment
Aug 26, 2022
- In Favour of Both, Partially
- Citation Number : TS-561-ITAT-2022(Bang)-TP
- Tax Payer : Nike India Private Limited
Income tax Appellate Tribunal
ITAT: Remits ALP determination w.r.t interest on delayed AE-receivables; Directs following rules with proper benchmarking study
Aug 26, 2022
- In Favour of Assessee
- Citation Number : TS-562-ITAT-2022(Bang)-TP
- Tax Payer : Safran Engineering Services India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Directs denovo benchmarking for counter guarantees; Distinguishes Mumbai ITAT's ANZ Bank ruling
Aug 26, 2022
- In Favour of Both, Partially
- Citation Number : TS-558-ITAT-2022(Mum)-TP
- Tax Payer : Mizuho Bank Ltd (Formerly Mizuho Cooperative Bank Ltd)