Rulings ( 11344 results )

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Income tax Appellate Tribunal

ITAT: Applies upper turnover filter for SWD services, allows working capital adjustment

Aug 01, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-485-ITAT-2022(Bang)-TP
  • Tax Payer : Altimetrix India Pvt Ltd
Income tax Appellate Tribunal

ITAT: RPM as MAM to benchmark assessee’s trading segment; Deletes adjustment towards cost contribution charges

Aug 01, 2022
  • In Favour of Assessee
  • Citation Number : TS-487-ITAT-2022(Bang)-TP
  • Tax Payer : Trane Technologies India Pvt Ltd [formerly Ingersoll Rand Climate Solutions Pvt Ltd]
Income tax Appellate Tribunal

ITAT: Factors assessee's risky BBB credit rating to determine interest ALP qua NCDs, Deletes TP-adjustment

Aug 01, 2022
  • In Favour of Assessee
  • Citation Number : TS-486-ITAT-2022(HYD)-TP
  • Tax Payer : Greenko Rayala Wind Power Private Limited
Income tax Appellate Tribunal

ITAT: Deletes notional interest imputed on outstanding AE receivables qua Sony Pictures

Aug 01, 2022
  • In Favour of Assessee
  • Citation Number : TS-483-ITAT-2022(Mum)-TP
  • Tax Payer : Sony Pictures Networks India Pvt Ltd, (Formerly known as Multi Screen Media Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Benchmarks dredger-leasing rent using CUP; Deletes adjustments qua management services payment and reimbursement of salary

Jul 29, 2022
  • In Favour of Assessee
  • Citation Number : TS-480-ITAT-2022(Mum)-TP
  • Tax Payer : Van Oord Dredging and Marine Contractors BV
Income tax Appellate Tribunal

ITAT: Admits assessee’s additional-ground pointing out inconsistent approach in margin-computation; Applies upper-turnover filter

Jul 29, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-481-ITAT-2022(Bang)-TP
  • Tax Payer : ON Semiconductor Technology India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes Cosmic Global, Infosys BPO for ITeS provider; Cites functional-dissimilarity, presence of huge brand value etc

Jul 29, 2022
  • In Favour of Assessee
  • Citation Number : TS-482-ITAT-2022(CHNY)-TP
  • Tax Payer : MPS Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables qua ITeS; Remits adjustments qua outstanding receivables and working capital

Jul 28, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-475-ITAT-2022(Bang)-TP
  • Tax Payer : NTT Data Information Processing Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits comparable for denovo adjudication; TPO/DRP not justified in determining ALP of IT Support Service at NIL

Jul 28, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-476-ITAT-2022(Mum)-TP
  • Tax Payer : Sulzer Tech India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits characterization of assessee’s functional profile, whether R&D or SWD; Follows earlier order

Jul 28, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-477-ITAT-2022(Mum)-TP
  • Tax Payer : Polycom Technology (R&D) Center Pvt Ltd
Income tax Appellate Tribunal

ITAT: Applies US MAP rates to non-US AE transactions of SWD and ITeS; Follows Bombay HC ruling

Jul 28, 2022
  • In Favour of Assessee
  • Citation Number : TS-478-ITAT-2022(Bang)-TP
  • Tax Payer : EIT Services India Pvt. Ltd. (formerly known as Hewlett Packard Global Soft Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Remits adjustments qua fees paid by UBL for management service, brand/sales promotion; Follows earlier order

Jul 28, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-479-ITAT-2022(Bang)-TP
  • Tax Payer : United Breweries Ltd
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s MA seeking rectification of Tribunal order w.r.t delayed-receivables issue

Jul 27, 2022
  • In Favour of Assessee
  • Citation Number : TS-471-ITAT-2022(Bang)-TP
  • Tax Payer : Barracuda Networks India Private Limited
Income tax Appellate Tribunal

ITAT: Rejects 10 comparables for SWD, cites qualitative grounds such as amalgamation, acquisition, high-margins

Jul 27, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-472-ITAT-2022(PUN)-TP
  • Tax Payer : Optiva India Technologies Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables in SWD and ITeS segments; Excludes 6, Includes 1, Follows precedents

Jul 27, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-473-ITAT-2022(PUN)-TP
  • Tax Payer : Schlumberger India Technology Centre Pvt Ltd
Income tax Appellate Tribunal

ITAT: TPO/DRP not justified in determining ALP of expense-reimbursement at NIL, follows precedents

Jul 27, 2022
  • In Favour of Assessee
  • Citation Number : TS-474-ITAT-2022(Mum)-TP
  • Tax Payer : Thyssenkrupp Industrial Solutions (India) Pvt Ltd, (Formerly known as Uhde India Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Remits adjustment qua back-office support services as lower authorities passed strange/non-speaking orders

Jul 27, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-470-ITAT-2022(DEL)-TP
  • Tax Payer : RBS Services India Pvt Ltd, (Earlier known as ABN Amro Central Enterprises Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables qua SanDisk India's SWD segment, remits recharacterization as agent qua MSS segment

Jul 26, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-464-ITAT-2022(Bang)-TP
  • Tax Payer : Sandisk India Device Design Centre Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP of royalty payment considering Unilateral APA for subsequent AYs

Jul 26, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-465-ITAT-2022(CHNY)-TP
  • Tax Payer : Kone Elevator India Private Limited
High Court

HC: Confirms ITAT’s order upholding RPM as MAM; Dismisses Revenue’s appeal absent substantial-question of law

Jul 26, 2022
  • In Favour of Assessee
  • Citation Number : TS-466-HC-2022(DEL)-TP
  • Tax Payer : Dentsply India Pvt Ltd