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Income tax Appellate Tribunal

ITAT: Issue settled in earlier AYs cannot be challenged for subsequent-AY; Deletes TP-adjustment qua technical-assistance fee

Oct 20, 2022
  • In Favour of Assessee
  • Citation Number : TS-715-ITAT-2022(Mum)-TP
  • Tax Payer : SS Oral Hygiene Products Pvt Ltd (Now merged with Colgate Palmolive (India) Ltd)
Income tax Appellate Tribunal

ITAT: Accepting assessee’s Miscellanoeus Application, remits comparability of Persistent Systems and Sasken Communication

Oct 20, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-714-ITAT-2022(DEL)-TP
  • Tax Payer : Open Solutions Software Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for freight forwarding services; Deletes adjustment qua management support service fee

Oct 20, 2022
  • In Favour of Assessee
  • Citation Number : TS-710-ITAT-2022(Kol)-TP
  • Tax Payer : Cargo Partners Logistics India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows working capital adjustment following Huawei Technologies ruling, excludes 3 comparables for ITeS provider

Oct 19, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-711-ITAT-2022(Bang)-TP
  • Tax Payer : Ocwen Financial Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Prefers transaction specific RPM over generalised TNMM for trading; Determines functional classification for manufacturing

Oct 19, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-709-ITAT-2022(PUN)-TP
  • Tax Payer : Vega India Level and Pressure Measurement Private Limited
Income tax Appellate Tribunal

ITAT: No penalty on Shell Global as 'base-erosion' debatable & different approach in profit-attribution insufficient basis

Oct 19, 2022
  • In Favour of Assessee
  • Citation Number : TS-712-ITAT-2022(Ahd)-TP
  • Tax Payer : Shell Global Solutions International BV
Income tax Appellate Tribunal

ITAT: Holds Sony India dutybound to pay royalty, AE made significant investment in developing intangibles

Oct 19, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-708-ITAT-2022(DEL)-TP
  • Tax Payer : Sony India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Interprets Rule 13, holds DRP can rectify errors within 6 months

Oct 18, 2022
  • In Favour of None/NA
  • Citation Number : TS-707-ITAT-2022(Mum)-TP
  • Tax Payer : Michael Page International Recruitment Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds, sub-grounds liable to be dismissed once main appeal ground rejected following earlier order

Oct 18, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-706-ITAT-2022(DEL)-TP
  • Tax Payer : Huawei Technologies Co Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue's appeal; Confirms DRP's exclusion of Lotus Labs citing significantly high RPT

Oct 18, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-703-ITAT-2022(Bang)-TP
  • Tax Payer : AstraZeneca Pharma India Ltd
Income tax Appellate Tribunal

ITAT: Confirms deletion of Sec. 271G-penalty, accepts delayed compliances due to misaddressed notices

Oct 18, 2022
  • In Favour of Assessee
  • Citation Number : TS-704-ITAT-2022(Mum)-TP
  • Tax Payer : Techware Singapre Holdings Pte Ltd
Income tax Appellate Tribunal

ITAT: Restores ALP determination; Assessment order and margin analysis both flawed

Oct 18, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-705-ITAT-2022(DEL)-TP
  • Tax Payer : Xander Advisors India Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Customs duty, air freight and foreign exchange fluctuation adjustments to be considered for ALP determination

Oct 18, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-1132-ITAT-2016(CHNY)-TP
  • Tax Payer : Motonic India Automotive Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes notional interest adjustment for RIL, transaction of preference share allotment to UAE AE not bogus

Oct 18, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-702-ITAT-2022(Mum)-TP
  • Tax Payer : Reliance Industries Ltd
Income tax Appellate Tribunal

ITAT: Directs segmental benchmarking for manufacturing, trading segments of Whirlpool India, Follows Sony Ericsson ruling

Oct 17, 2022
  • In Favour of Assessee
  • Citation Number : TS-699-ITAT-2022(DEL)-TP
  • Tax Payer : Whirlpool of India Ltd.
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua assessee as same transaction held at ALP in AE's hands, follows precedent

Oct 14, 2022
  • In Favour of Assessee
  • Citation Number : TS-700-ITAT-2022(Mum)-TP
  • Tax Payer : Tecnimont SPA India Office
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua notional interest made in respect of outstanding AE-receivables

Oct 14, 2022
  • In Favour of Assessee
  • Citation Number : TS-701-ITAT-2022(Ahd)-TP
  • Tax Payer : Intas Pharmaceuticals Ltd.
Income tax Appellate Tribunal

ITAT: Holds slump sale between two Indian AEs not an international transaction; Remits Sec 50B valuation

Oct 14, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-698-ITAT-2022(Mum)-TP
  • Tax Payer : MWH India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables qua ITeS, treats forex gain as operating, remits interest on delayed realization

Oct 13, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-695-ITAT-2022(DEL)-TP
  • Tax Payer : Techbooks International Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs application of Indo-US MAP resolution to other cases, remits issue

Oct 13, 2022
  • In Favour of Assessee
  • Citation Number : TS-696-ITAT-2022(DEL)-TP
  • Tax Payer : Market India Pvt Ltd [Now merged with Cognizant Technologies Solutions India Pvt Ltd]