Rulings ( 11519 results )

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Income tax Appellate Tribunal

ITAT: Rules on comparables qua software services / SWD segments; Remits royalty-payment issue, emphasizes on consistency

Nov 01, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-730-ITAT-2022(Bang)-TP
  • Tax Payer : Wipro GE Healthcare Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 10 comparables for failing upper turnover filter of 200Cr, follows BORQS ruling

Nov 01, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-732-ITAT-2022(Bang)-TP
  • Tax Payer : Marvell India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 3, includes 4 as comparables for SWD service provider; Remits interest on receivables plea

Nov 01, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-729-ITAT-2022(Bang)-TP
  • Tax Payer : Hewlett Packard (India) Software Operation P Ltd
High Court

HC: AMP expenses not an international transaction; Dismisses Revenue’s appeal, Follows precedent

Nov 01, 2022
  • In Favour of Assessee
  • Citation Number : TS-731-HC-2022(DEL)-TP
  • Tax Payer : Amadeus India Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Upholds deletion of TP-adjustment qua depreciation on purchase of business rights, follows earlier order

Nov 01, 2022
  • In Favour of Assessee
  • Citation Number : TS-733-ITAT-2022(Mum)-TP
  • Tax Payer : WNS Global Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on applicability of conflicting non-jurisdictional HC rulings over Sec.144C effective date

Nov 01, 2022
  • In Favour of Revenue
  • Citation Number : TS-734-ITAT-2022(Mum)-TP
  • Tax Payer : Wockhardt Ltd.
Income tax Appellate Tribunal

ITAT: Upholds Sec 263 revisionary order; TPO-reference mandatory, Non-compliance of Instruction prejudicial to Revenue

Oct 31, 2022
  • In Favour of Revenue
  • Citation Number : TS-722-ITAT-2022(Bang)-TP
  • Tax Payer : PGS Premiere Conferencing Private Limited
Income tax Appellate Tribunal

ITAT: Allows working capital adjustment on actuals; Remits issues qua forex currency filter, treatment of forex loss

Oct 31, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-727-ITAT-2022(Bang)-TP
  • Tax Payer : FMC India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A) order; Adopts foreign AE as tested party for being least complex in nature

Oct 31, 2022
  • In Favour of Assessee
  • Citation Number : TS-728-ITAT-2022(Mum)-TP
  • Tax Payer : Inventurus Knowledge Solutions Private Limited
Income tax Appellate Tribunal

ITAT: Excludes MSS companies as comparables for BSS provider; Allows working capital adjustment

Oct 31, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-726-ITAT-2022(Bang)-TP
  • Tax Payer : Lloyds Offshore Global Services Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables in SWD and ITeS segments; Directs exclusion for failing the functionality test

Oct 28, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-723-ITAT-2022(Bang)-TP
  • Tax Payer : HP PPS Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua interest on outstanding AE-receivables, Considers non-AE comparable situation

Oct 28, 2022
  • In Favour of Assessee
  • Citation Number : TS-724-ITAT-2022(CHNY)-TP
  • Tax Payer : Integra Software Services P Ltd
Income tax Appellate Tribunal

ITAT: Deletes AMP-adjustment for Essilor India; Follows earlier order applying rule of consistency

Oct 28, 2022
  • In Favour of Assessee
  • Citation Number : TS-725-ITAT-2022(Bang)-TP
  • Tax Payer : Essilor India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua payment for advisory services, Assessee sufficiently proves receipt of services

Oct 27, 2022
  • In Favour of Assessee
  • Citation Number : TS-718-ITAT-2022(PUN)-TP
  • Tax Payer : Grupo Antolin India Private Limited
Income tax Appellate Tribunal

ITAT: Quashes Sec-263 order, TPO-reference qua SDT unnecessary as CBDT Instruction conditions not fulfilled

Oct 27, 2022
  • In Favour of Assessee
  • Citation Number : TS-719-ITAT-2022(Kol)-TP
  • Tax Payer : Zydus Healthcare Limited (Successor to Zydus Healthcare Sikkim)
Income tax Appellate Tribunal

ITAT: Directs TPO to compute ALP at transaction level, ensure exclusion of non-operating items qua sales

Oct 27, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-720-ITAT-2022(PUN)-TP
  • Tax Payer : Magna Automotive India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds furnishing documents supporting 78% expenses reimbursed to AE is 'substantial compliance', deletes addition

Oct 27, 2022
  • In Favour of Assessee
  • Citation Number : TS-721-ITAT-2022(Mum)-TP
  • Tax Payer : Infinity Retail Limited
Income tax Appellate Tribunal

ITAT: Excludes 7 comparables with turnover exceeding Rs.200cr; Holds delayed receivables as separate international-transaction

Oct 21, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-717-ITAT-2022(Bang)-TP
  • Tax Payer : Tivo Tech Private Limited [Formerly Veveo (India) Pvt. Ltd.]
Income tax Appellate Tribunal

ITAT: Directs separate benchmarking for the two divisions; Follows precedents for Frost & Sullivan

Oct 21, 2022
  • In Favour of Assessee
  • Citation Number : TS-713-ITAT-2022(Mum)-TP
  • Tax Payer : Frost & Sullivan (I) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua technical-assistance fee; Follows earlier order

Oct 21, 2022
  • In Favour of Assessee
  • Citation Number : TS-716-ITAT-2022(Mum)-TP
  • Tax Payer : SS Oral Hygiene Products Pvt Ltd (Now merged with Colgate Palmolive (India) Ltd)