Rulings ( 11519 results )

Filters
Income tax Appellate Tribunal

ITAT: Remits adjustment qua interest on AE-receivables; Directs comparison with non-AE receivables

Oct 13, 2022
  • In Favour of Assessee
  • Citation Number : TS-697-ITAT-2022(DEL)-TP
  • Tax Payer : Fujitsu Consulting India P Ltd
High Court

HC: Centrica ruling inapplicable as Boeing's seconded employees' real employer is Indian entity

Oct 13, 2022
  • In Favour of Assessee
  • Citation Number : TS-694-HC-2022(DEL)-TP
  • Tax Payer : Boeing India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Unbilled revenue cannot be treated as outstanding receivable; Deletes TP-adjustment

Oct 13, 2022
  • In Favour of Assessee
  • Citation Number : TS-691-ITAT-2022(Ahd)-TP
  • Tax Payer : Toshiba Technical Services International Corporation (India Project Office)
Income tax Appellate Tribunal

ITAT: Deletes adjustment for purchase of raw materials; Computes profitability ratio considering actual expenses incurred

Oct 12, 2022
  • In Favour of Assessee
  • Citation Number : TS-692-ITAT-2022(Ahd)-TP
  • Tax Payer : KHS Machinery Pvt . Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables with turnover exceeding 200Cr; Remits adjustments qua interest on receivables, capacity utilization

Oct 12, 2022
  • In Favour of Assessee
  • Citation Number : TS-693-ITAT-2022(Bang)-TP
  • Tax Payer : Softlayer Technologies Pvt Ltd
High Court

HC: Dismisses Revenue's appeal against Amway's ITAT order; No TP-adjustment for royalty payment

Oct 12, 2022
  • In Favour of Assessee
  • Citation Number : TS-690-HC-2022(DEL)-TP
  • Tax Payer : Amway India Enterprises
Income tax Appellate Tribunal

ITAT: Disallows expense reimbursement u/s 40(a)(ia), holds adjudication of NIL ALP determination rendered academic

Oct 11, 2022
  • In Favour of Assessee
  • Citation Number : TS-688-ITAT-2022(Mum)-TP
  • Tax Payer : SOTC Travel Services Private Ltd, (Now Merged with Travel Corporation (India) Limited)
Income tax Appellate Tribunal

ITAT: Accepts internal TNMM for benchmarking qua provision of ITeS; Follows precedent

Oct 11, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-689-ITAT-2022(DEL)-TP
  • Tax Payer : Bertelsmann Marketing Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds TPO cannot decide prudence of franchise fee payment, rejects NIL ALP determination

Oct 10, 2022
  • In Favour of Assessee
  • Citation Number : TS-687-ITAT-2022(Mum)-TP
  • Tax Payer : Royal Canin India Private Limited
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment qua Management / Business Support Services; Follows earlier orders

Oct 07, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-682-ITAT-2022(DEL)-TP
  • Tax Payer : BSI Management Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables; Directs considering audited segmental accounts for fresh adjustments

Oct 07, 2022
  • In Favour of Assessee
  • Citation Number : TS-683-ITAT-2022(DEL)-TP
  • Tax Payer : Organica Water Private Limited
Income tax Appellate Tribunal

ITAT: Quashes assessment order passed on non-existent amalgamated entity; Follows precedents

Oct 07, 2022
  • In Favour of Assessee
  • Citation Number : TS-684-ITAT-2022(DEL)-TP
  • Tax Payer : Expedia Online Travel Services India Pvt Ltd (as successor in interst for Orbits India Services Private Limited)
Income tax Appellate Tribunal

ITAT: Excludes 3 functionally different govt-owned entities qua security support services provider, follows precedent

Oct 07, 2022
  • In Favour of Assessee
  • Citation Number : TS-685-ITAT-2022(Mum)-TP
  • Tax Payer : Novartis India Limited
Income tax Appellate Tribunal

ITAT: Allows assessee’s stay application for recovery of outstanding tax arrears; Follows Maruti Suzuki ruling

Oct 06, 2022
  • In Favour of Assessee
  • Citation Number : TS-680-ITAT-2022(Bang)-TP
  • Tax Payer : TE Connectivity India P Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment made towards interest paid on CCDs to AE; Follows Bom HC ruling

Oct 06, 2022
  • In Favour of Assessee
  • Citation Number : TS-679-ITAT-2022(Mum)-TP
  • Tax Payer : Mahindra Homes Private Limited
Income tax Appellate Tribunal

ITAT: Rejects TPO's RPM, accepts TNMM as ‘last resort’ for import transactions; Follows earlier order

Oct 06, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-681-ITAT-2022(Mum)-TP
  • Tax Payer : India Medtronic Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables for turnover over 200Cr for EDS provider, remits working capital adjustment

Oct 04, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-676-ITAT-2022(Bang)-TP
  • Tax Payer : GE BE Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 9 comparables having turnover more than Rs. 200 crores; Remits margin computation plea

Oct 04, 2022
  • In Favour of Assessee
  • Citation Number : TS-677-ITAT-2022(Bang)-TP
  • Tax Payer : ACI Worldwide Solutions Private Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua SDTs; Attributes reason to omission of clause (1) of Sec.92BA

Oct 04, 2022
  • In Favour of Assessee
  • Citation Number : TS-678-ITAT-2022(Mum)-TP
  • Tax Payer : Aura Spinwell Ltd
Income tax Appellate Tribunal

ITAT: Remits assessee’s appeal against final-assessment order despite assessee's non-appearance before DRP

Oct 03, 2022
  • In Favour of Assessee
  • Citation Number : TS-673-ITAT-2022(Bang)-TP
  • Tax Payer : Opto Circuits India Ltd