Rulings ( 11344 results )

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Income tax Appellate Tribunal

ITAT: Directs AO to pass consequential orders, TP addition reduced to NIL post rectification

Jul 05, 2022
  • In Favour of Revenue
  • Citation Number : TS-401-ITAT-2022(Bang)-TP
  • Tax Payer : EMC Software and Services India P Ltd
Income tax Appellate Tribunal

ITAT: Confirms determination of corporate guarantee commission @ 0.50%; Follows Everest Kanto

Jul 05, 2022
  • In Favour of Assessee
  • Citation Number : TS-402-ITAT-2022(Mum)-TP
  • Tax Payer : Allcargo Logistics Ltd
Income tax Appellate Tribunal

ITAT: Directs use of internal comparable as against external under TNMM; Follows e4e Business Solutions

Jul 05, 2022
  • In Favour of Assessee
  • Citation Number : TS-403-ITAT-2022(Bang)-TP
  • Tax Payer : Technicolor India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in SWD/ITeS segments, applies 200 cr turnover filter; Follows precedents

Jul 05, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-404-ITAT-2022(Bang)-TP
  • Tax Payer : Mindteck India Limited
Income tax Appellate Tribunal

ITAT: Accepts assessee’s TNMM over TPO’s CUP as MAM; Follows earlier-order

Jul 04, 2022
  • In Favour of Assessee
  • Citation Number : TS-398-ITAT-2022(HYD)-TP
  • Tax Payer : Zuari Cement Limited
Income tax Appellate Tribunal

ITAT: Holds Sec 92CA TP-order barred by limitation u/s 92CA(3A) r.w.s. 153; Follows Pfizer Healthcare ruling

Jul 04, 2022
  • In Favour of Assessee
  • Citation Number : TS-399-ITAT-2022(Bang)-TP
  • Tax Payer : Unisys India Private Limited
Income tax Appellate Tribunal

ITAT: Royalty paid to AE within RBI-approved rate, deletes addition; Fixes guarantee commission @ 0.5%

Jul 04, 2022
  • In Favour of Assessee
  • Citation Number : TS-400-ITAT-2022(SUR)-TP
  • Tax Payer : Huber Group India Pvt Ltd (Formerly Known As Micro Inks Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds RPM as MAM for routine-distributor functions; Rules on comparables for SWD-services

Jul 01, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-397-ITAT-2022(Bang)-TP
  • Tax Payer : Harman International (India) Private Limited
Income tax Appellate Tribunal

ITAT: Rejects aggregation of transactions sans common agreement, order; Directs adoption of prior years' approach

Jul 01, 2022
  • In Favour of Revenue
  • Citation Number : TS-396-ITAT-2022(Mum)-TP
  • Tax Payer : Liebherr India Private Limited
Income tax Appellate Tribunal

ITAT: Agrees that management-fee payment be benchmarked on composite transaction basis, Rejects NIL ALP

Jun 30, 2022
  • In Favour of Assessee
  • Citation Number : TS-394-ITAT-2022(Bang)-TP
  • Tax Payer : Capgemini Technology Services India Ltd [formerly AXA Group Solutions Pvt Ltd]
Income tax Appellate Tribunal

ITAT: Invalidates reference to TPO being contrary to Instruction No.3/2016; Deletes addition

Jun 30, 2022
  • In Favour of Assessee
  • Citation Number : TS-395-ITAT-2022(Bang)-TP
  • Tax Payer : Rittal India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds DRP empowered to rectify mistakes suo-moto by issuing SCN, not on TPO's request; Follows Shapoorji

Jun 30, 2022
  • In Favour of Assessee
  • Citation Number : TS-393-ITAT-2022(Mum)-TP
  • Tax Payer : SP Armada Oil Exploration Limited
Income tax Appellate Tribunal

ITAT: Holds interest on AE receivables as separate international transaction; Directs TPO to consider 90 days credit

Jun 29, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-391-ITAT-2022(Bang)-TP
  • Tax Payer : Outsourcepartners International Pvt Ltd
Income tax Appellate Tribunal

ITAT: No profit attributable to assessee after IP sold to AE, follows earlier orders; Confirms guarantee commission @ 1.6%

Jun 29, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-392-ITAT-2022(HYD)-TP
  • Tax Payer : DQ Entertainment (International) Ltd
Income tax Appellate Tribunal

ITAT: Interprets DRP Rules, Holds no power with TPO to file rectification plea

Jun 28, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-390-ITAT-2022(Mum)-TP
  • Tax Payer : Shapoorji Pallonji Bumi Armada Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for SWD services, follows Salesforce ruling; Remits interest on delayed AE receivables

Jun 28, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-387-ITAT-2022(Bang)-TP
  • Tax Payer : Altisource Business Solutions Private Ltd
Income tax Appellate Tribunal

ITAT: Restricts TP-adjustment to AE transaction only; Disposes Revenue’s appeal ex-parte given assessee's non-appearance

Jun 28, 2022
  • In Favour of Assessee
  • Citation Number : TS-388-ITAT-2022(Ahd)-TP
  • Tax Payer : Kemrock Industries & Exports Ltd
Income tax Appellate Tribunal

ITAT: Directs separate benchmarking of interest on AE-receivables, Re-computation beyond agreed credit period

Jun 28, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-389-ITAT-2022(Mum)-TP
  • Tax Payer : Enem Nostrum Remedies Private Limited
Income tax Appellate Tribunal

ITAT: Dismisses assessee's appeal against FAO passed after rectifying OGE as appeal grounds did not emanate from FAO

Jun 28, 2022
  • In Favour of Revenue
  • Citation Number : TS-385-ITAT-2022(Bang)-TP
  • Tax Payer : IBM India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A) order deleting adjustment qua inter-unit SDTs; Takes into consideration various incentives available to eligible unit

Jun 28, 2022
  • In Favour of Assessee
  • Citation Number : TS-386-ITAT-2022(GAU)-TP
  • Tax Payer : Greenply Industries Limited