Rulings ( 11344 results )

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Income tax Appellate Tribunal

ITAT: Excludes 4 comparables citing functional dissimilarity, failure to meet filters etc; Allows working-capital adjustment

Jul 20, 2022
  • In Favour of Assessee
  • Citation Number : TS-446-ITAT-2022(Bang)-TP
  • Tax Payer : Yahoo Software Development India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Case not selected on TP-risk parameters; Holds no valid jurisdiction u/s 263

Jul 20, 2022
  • In Favour of Assessee
  • Citation Number : TS-447-ITAT-2022(JPR)-TP
  • Tax Payer : Maniratnam Gems (P) Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue’s appeal on AMP as infructuous considering MAP resolution

Jul 20, 2022
  • In Favour of Assessee
  • Citation Number : TS-448-ITAT-2022(DEL)-TP
  • Tax Payer : Beam Global Spirits & Wine [India] Pvt Ltd
Income tax Appellate Tribunal

ITAT: Aggregates spare-parts and CBU imports with manufacturing; Holds demurrage charges as non-operating

Jul 20, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-443-ITAT-2022(PUN)-TP
  • Tax Payer : Mercedes-Benz India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adjudicates on TP-adjustment qua AMP expenses, reimbursement of expenses, working capital; Follows precedents

Jul 19, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-441-ITAT-2022(Mum)-TP
  • Tax Payer : India Medtronic Private Limited
Income tax Appellate Tribunal

ITAT: Deletes SDT adjustment after omission of Sec 92BA(i), follows precedents

Jul 19, 2022
  • In Favour of Assessee
  • Citation Number : TS-439-ITAT-2022(Kol)-TP
  • Tax Payer : Rahee Jhajharia E to E JV
Income tax Appellate Tribunal

ITAT: Rules on comparables for ITeS; Follows sister concern’s ruling, Includes CG-VAK Software and Exports

Jul 19, 2022
  • In Favour of Assessee
  • Citation Number : TS-440-ITAT-2022(Mum)-TP
  • Tax Payer : Nomura Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits adjustment qua marketing/sales support services availed by assessee to consider additional evidence

Jul 19, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-438-ITAT-2022(PUN)-TP
  • Tax Payer : Druva Software Private Limited
Income tax Appellate Tribunal

ITAT: Holds SDT-adjustment not sustainable after Sec.92BA(i) omission, AO to examine allowability u/s 40A(2)

Jul 18, 2022
  • In Favour of Assessee
  • Citation Number : TS-434-ITAT-2022(Mum)-TP
  • Tax Payer : Mutha Engineering Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds TPO's determination of ALP as contrary to provisions of the Act; Accepts CUP as MAM

Jul 18, 2022
  • In Favour of Assessee
  • Citation Number : TS-435-ITAT-2022(Mum)-TP
  • Tax Payer : The Boston Consulting Group (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Interest-free loan advanced to AE for business purposes, remits notional interest adjustment

Jul 18, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-436-ITAT-2022(Mum)-TP
  • Tax Payer : M Pallonji Shipping Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adjudicates on comparables-selection for Contact Centre Services; Remits 9

Jul 18, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-437-ITAT-2022(Mum)-TP
  • Tax Payer : Sitel India Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in ITeS segment; Follows Veritas Software Technology ruling

Jul 15, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-433-ITAT-2022(PUN)-TP
  • Tax Payer : Ventura India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds AMP-spend not international transaction given Revenue's failure to establish presence of agreement; Follows precedent

Jul 15, 2022
  • In Favour of Assessee
  • Citation Number : TS-432-ITAT-2022(PUN)-TP
  • Tax Payer : Ferrero India Pvt Ltd
Foreign Court

FC: Dutch Court of Appeal: Rules on allocation of debt/equity to Libyan PE; Considers TP-Master File over advisory report

Jul 15, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-431-FC-2022(NETH)-TP
  • Tax Payer : Dutch Taxpayer
Income tax Appellate Tribunal

ITAT: Deletes adjustments qua AE-sales, alleged commission; Allows assessee's claim of quantity discount

Jul 14, 2022
  • In Favour of Assessee
  • Citation Number : TS-430-ITAT-2022(Ahd)-TP
  • Tax Payer : Atul Limited
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment and Sec.37 disallowance qua Whirlpool India's AMP spend, follows precedent

Jul 14, 2022
  • In Favour of Assessee
  • Citation Number : TS-429-ITAT-2022(DEL)-TP
  • Tax Payer : Whirlpool of India Ltd
Income tax Appellate Tribunal

ITAT: Cannot disallow assessee's royalty payment citing non-charging of royalty by AE, follows precedent

Jul 14, 2022
  • In Favour of Assessee
  • Citation Number : TS-428-ITAT-2022(Ahd)-TP
  • Tax Payer : KHS Machinery Pvt . Ltd
Income tax Appellate Tribunal

ITAT: High PLI not indicative of 'extraordinary profit' to deny 80IA/10AA deduction; Follows precedent

Jul 13, 2022
  • In Favour of Assessee
  • Citation Number : TS-427-ITAT-2022(PUN)-TP
  • Tax Payer : Eaton Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds TPO-order passed one day beyond time-limit u/s. 153 as bad in law; Follows Pfizer-ruling

Jul 13, 2022
  • In Favour of Assessee
  • Citation Number : TS-426-ITAT-2022(Bang)-TP
  • Tax Payer : Sigma Aldrich Chemicals Pvt Ltd