Rulings ( 11519 results )

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Income tax Appellate Tribunal

ITAT: Upholds assessee's consistently applied TNMM over TPO's CUP for benchmarking export transaction

Nov 07, 2022
  • In Favour of Assessee
  • Citation Number : TS-750-ITAT-2022(Mum)-TP
  • Tax Payer : Omni Active Health Technologies Limited
Income tax Appellate Tribunal

ITAT: Disapproves re-characterisation of equity as loan; Deletes TP-adjustment qua imputed interest

Nov 07, 2022
  • In Favour of Assessee
  • Citation Number : TS-751-ITAT-2022(DEL)-TP
  • Tax Payer : Jaypee Capital Services Ltd
Income tax Appellate Tribunal

ITAT: Accepts OP/VAE over OP/TC as appropriate PLI; Excludes functionally-dissimilar Om Logistics

Nov 07, 2022
  • In Favour of Assessee
  • Citation Number : TS-752-ITAT-2022(Mum)-TP
  • Tax Payer : DHL Logistics Private Limited
Income tax Appellate Tribunal

ITAT: Deletes adjustment qua intra-group managerial support services; Follows precedent

Nov 07, 2022
  • In Favour of Assessee
  • Citation Number : TS-753-ITAT-2022(DEL)-TP
  • Tax Payer : Metalsa India Private Limited
Income tax Appellate Tribunal

ITAT: Directs assessee to show need/benefit test for benchmarking payment for IGS, royalty

Nov 07, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-754-ITAT-2022(Mum)-TP
  • Tax Payer : Ingredion India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Questions separate payments towards R&D costs and royalty over same technology and Know-how; Remits ALP-determination of Group Fees transaction

Nov 04, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-745-ITAT-2022(PUN)-TP
  • Tax Payer : Faurecia Automotive Seating India P Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustments qua of sale of finished goods, AMP expenses, royalty; Follows earlier order

Nov 04, 2022
  • In Favour of Assessee
  • Citation Number : TS-746-ITAT-2022(Bang)-TP
  • Tax Payer : Himalaya Wellness Company (formerly known as The Himalaya Drug Company)
Income tax Appellate Tribunal

ITAT: Accepts rate charged by SEB as comparable, holds sale of power at arm's length

Nov 04, 2022
  • In Favour of Assessee
  • Citation Number : TS-747-ITAT-2022(HYD)-TP
  • Tax Payer : Sree Rayalaseema Hi Strength Hypo Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua AMP expenses for PepsiCo India following earlier orders

Nov 04, 2022
  • In Favour of Assessee
  • Citation Number : TS-748-ITAT-2022(DEL)-TP
  • Tax Payer : Pepsico India Housing Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs ALP determination qua management-fees and R&D as agreed under APA for subsequent-AYs, Follows precedent

Nov 04, 2022
  • In Favour of Assessee
  • Citation Number : TS-749-ITAT-2022(Kol)-TP
  • Tax Payer : Cookson India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts assessee's segmental profitability analysis, rules on comparables, applies LIBOR+2% on outstanding AE-receivables

Nov 03, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-742-ITAT-2022(Bang)-TP
  • Tax Payer : NTT DATA FA Insurance Systems (India) Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 2 comparables for manufacturing segment; Remits adjustment qua interest on delayed AE-receivables

Nov 03, 2022
  • In Favour of Assessee
  • Citation Number : TS-741-ITAT-2022(Bang)-TP
  • Tax Payer : Biesse Manufacturing Co Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in SWD segment; Remits entity level margin computation, interest on delayed AE receivables

Nov 03, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-743-ITAT-2022(Bang)-TP
  • Tax Payer : MFX Infotech Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in SWD segment; Directs fresh examination of interest on delayed AE-receivables

Nov 03, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-744-ITAT-2022(Bang)-TP
  • Tax Payer : Synamedia India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs adoption of internal TNMM as MAM, remits issue; Rebukes TPO’s contradictory observation

Nov 03, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-740-ITAT-2022(Bang)-TP
  • Tax Payer : Brillio Technologies Pvt Ltd (Formerly known as M/s. Collabera Solutions Pvt. Ltd.,)
Income tax Appellate Tribunal

ITAT: Deletes AMP-adjustment, follows assessee's own orders carrying greater precedential value; Remits MAM-selection

Nov 02, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-735-ITAT-2022(DEL)-TP
  • Tax Payer : Xerox India Ltd. (Previously known as Xerox Modicorp Limited)
Income tax Appellate Tribunal

ITAT: Allows working capital adjustment on actuals to bring comparables at par with assessee; Follows precedents

Nov 02, 2022
  • In Favour of Assessee
  • Citation Number : TS-736-ITAT-2022(Bang)-TP
  • Tax Payer : Leoch Batteries India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP determination of export of finished goods given non-consideration of evidence

Nov 02, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-738-ITAT-2022(Bang)-TP
  • Tax Payer : Herbalife International India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs considering external TNMM instead of internal TNMM to determine ALP; Modifies earlier order

Nov 02, 2022
  • In Favour of Assessee
  • Citation Number : TS-737-ITAT-2022(Bang)-TP
  • Tax Payer : Inteva Products India Automotive P Ltd
Income tax Appellate Tribunal

ITAT: Excludes 7 comparables with turnover exceeding 200Cr qua SWD service provider, follows precedents

Nov 02, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-739-ITAT-2022(Bang)-TP
  • Tax Payer : Dover India Pvt Ltd