Rulings ( 11337 results )

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Income tax Appellate Tribunal

ITAT: Rules on comparable for logistics-services provider; Excludes company citing presence of ‘un-allocable revenue/expenditure’

Aug 25, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-553-ITAT-2022(Mum)-TP
  • Tax Payer : OOCL Logistics (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes L&T, Infosys, Persistent citing extraordinary event, functional dissimilarity; Restricts interest @LIBOR+250 on receivables

Aug 25, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-554-ITAT-2022(HYD)-TP
  • Tax Payer : Indeed India Operations Private Limited
Income tax Appellate Tribunal

ITAT: Determines LIBOR+2% as interest on delayed AE-receivables; Follows Aurionpro Solutions HC-ruling

Aug 25, 2022
  • In Favour of Assessee
  • Citation Number : TS-555-ITAT-2022(Bang)-TP
  • Tax Payer : Rittal India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adopts foreign AE as tested party for WNS; No aggregation of different sets of transaction for ITeS

Aug 25, 2022
  • In Favour of Assessee
  • Citation Number : TS-556-ITAT-2022(Mum)-TP
  • Tax Payer : WNS Global Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparable qua assessee's Corporate Support / Contract R&D Services segments

Aug 25, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-557-ITAT-2022(HYD)-TP
  • Tax Payer : International Speciality Products (India) Private Limited
Income tax Appellate Tribunal

ITAT: Remits characterization issue of technical and marketing services, TP-adjustment w.r.t warranty cost; Follows earlier-order

Aug 24, 2022
  • In Favour of Assessee
  • Citation Number : TS-549-ITAT-2022(Bang)-TP
  • Tax Payer : Dell International Services India Private Limited
Income tax Appellate Tribunal

ITAT: Holds admin/IT support-services not stewardship services, accepts foreign-AE as tested party; Follows precedent

Aug 24, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-550-ITAT-2022(Kol)-TP
  • Tax Payer : Almatis Alumina Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Deletes adjustment qua sea-farer expenses reimbursed by AE, notes incorrect factual appreciation

Aug 24, 2022
  • In Favour of Assessee
  • Citation Number : TS-551-ITAT-2022(Mum)-TP
  • Tax Payer : Zodiac Maritime Agencies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in ITeS segment; Adjudicates on working capital adjustment and outstanding receivables

Aug 24, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-552-ITAT-2022(Bang)-TP
  • Tax Payer : Nuance Transcription Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua interest on AE-loan; Chapter X inapplicable as interest not claimed as expenditure

Aug 23, 2022
  • In Favour of Assessee
  • Citation Number : TS-545-ITAT-2022(Mum)-TP
  • Tax Payer : Siddhayu Ayurvedic Research Foundation Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds no separate adjustment for AMP-expenses required when assessee’s net margins at ALP

Aug 23, 2022
  • In Favour of Assessee
  • Citation Number : TS-546-ITAT-2022(Bang)-TP
  • Tax Payer : HP India Sales Private Limited (Formerly known as Hewlett-Packard India Sales Private Limited)
Income tax Appellate Tribunal

ITAT: Notes transactions inextricably linked; Separate adjustment for management fee not justified

Aug 23, 2022
  • In Favour of Assessee
  • Citation Number : TS-547-ITAT-2022(Mum)-TP
  • Tax Payer : Trimble Solutions India Pvt Ltd (Formerly known as Tekla India Pvt Ltd)
High Court

HC: Disposes off tax appeals in view of benefit under the Direct Tax Vivad Se Vishwas Scheme

Aug 23, 2022
  • In Favour of Assessee
  • Citation Number : TS-548-HC-2022(MAD)-TP
  • Tax Payer : Terex India Private Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment for write off of accrued interest and bad debts; No separate benchmarking required

Aug 23, 2022
  • In Favour of Assessee
  • Citation Number : TS-544-ITAT-2022(HYD)-TP
  • Tax Payer : Aurobindo Pharma Ltd.
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment for Shilpa Shetty providing free brand ambassadorship to Rajasthan Royals; Follows earlier-order

Aug 22, 2022
  • In Favour of Assessee
  • Citation Number : TS-543-ITAT-2022(Mum)-TP
  • Tax Payer : Shilpa Shetty
Income tax Appellate Tribunal

ITAT: Outstanding receivables to be considered with primary SWD services transaction, grants 90-day credit period

Aug 22, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-542-ITAT-2022(Bang)-TP
  • Tax Payer : Xchanging Solutions Ltd
Income tax Appellate Tribunal

ITAT: TPO having determined NIL ALP, refuses alternate plea to allow advertisement expense as business expense

Aug 22, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-540-ITAT-2022(CHNY)-TP
  • Tax Payer : Titan Company Ltd (earlier Titan Industries Ltd)
Income tax Appellate Tribunal

ITAT: Remits issue of NIL ALP determination qua HR services, follows earlier order

Aug 22, 2022
  • In Favour of Assessee
  • Citation Number : TS-539-ITAT-2022(Bang)-TP
  • Tax Payer : Mersen India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment w.r.t purchase of coal; Fixes corporate-guarantee commission at 0.17%

Aug 22, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-541-ITAT-2022(Ahd)-TP
  • Tax Payer : Adani Enterprises Ltd
Income tax Appellate Tribunal

ITAT: Deletes adjustment qua cost contribution charges, remits issue of recharacterizing EDS segment as KPO

Aug 19, 2022
  • In Favour of Assessee
  • Citation Number : TS-534-ITAT-2022(Bang)-TP
  • Tax Payer : Ingersoll-Rand Technologies and Services Pvt Ltd