Rulings ( 11924 results )

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Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment with respect to AMP expenses, follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-29-ITAT-2023(Bang)-TP
  • Tax Payer : Essilor India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment wrt reimbursement of expenses and interest element thereon; Upholds CIT(A)’s findings

  • In Favour of Assessee
  • Citation Number : TS-30-ITAT-2023(Ahd)-TP
  • Tax Payer : Aatash Narcontrol Limited
Income tax Appellate Tribunal

ITAT: Characterizes assessee as Placement & HR Consultancy Service provider over TPO’s ITeS-provider

  • In Favour of Both, Partially
  • Citation Number : TS-27-ITAT-2023(Bang)-TP
  • Tax Payer : Adecco India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables with turnover exceeding 200 Cr qua SWD, ITeS segments

  • In Favour of Both, Partially
  • Citation Number : TS-24-ITAT-2023(Bang)-TP
  • Tax Payer : Altair Engineering India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables whose turnover exceeded 200Cr for SWD service provider, grants working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-25-ITAT-2023(Bang)-TP
  • Tax Payer : Sprinklr India Private Ltd
Income tax Appellate Tribunal

ITAT: Confirms Nil ALP for reimbursement of expenses; Assessee fails to discharge onus of proving rendition

  • In Favour of Revenue
  • Citation Number : TS-26-ITAT-2023(Ahd)-TP
  • Tax Payer : Yanfeng India Automotive Interior Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adjudicates on working-capital adjustment, interest- rate on delayed receivables, margin computation & more!

  • In Favour of Both, Partially
  • Citation Number : TS-22-ITAT-2023(Bang)-TP
  • Tax Payer : Wipro HR Services India Private Limited
Income tax Appellate Tribunal

ITAT: Holds assessee performs routine marketing functions, not distribution; Restores TPO’s order

  • In Favour of Both, Partially
  • Citation Number : TS-23-ITAT-2023(PUN)-TP
  • Tax Payer : MSC Software Corporation India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds TP-adjustment cannot be beyond 100% of sale consideration receivable; Denies economic adjustments

  • In Favour of Both, Partially
  • Citation Number : TS-21-ITAT-2023(CHNY)-TP
  • Tax Payer : Lotus Footwear Enterprises Ltd
Income tax Appellate Tribunal

ITAT: Holds royalty payment to be at ALP; Views against clubbing it with Manufacturing segment

  • In Favour of Assessee
  • Citation Number : TS-20-ITAT-2023(PUN)-TP
  • Tax Payer : MAN Energy Solutions India Private Limited
Income tax Appellate Tribunal

ITAT: Excludes 10 comparables for failing upper turnover filter in SWD segment; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-16-ITAT-2023(Bang)-TP
  • Tax Payer : Motorola Solutions Kodiak Networks India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua management fees given similarity with prior years; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-17-ITAT-2023(Mum)-TP
  • Tax Payer : Brinks India Pvt Ltd (Formerly known as ‘Brinks Arya (India) Private Ltd.’)
Income tax Appellate Tribunal

ITAT: Grants 90 days credit period, adopts LIBOR+300 bps as interest rate on outstanding-receivables

  • In Favour of Assessee
  • Citation Number : TS-18-ITAT-2023(Bang)-TP
  • Tax Payer : Thought Focus Information Technologies Pvt Ltd
Income tax Appellate Tribunal

ITAT: Retains Cades Digitech Ltd as comparable; Holds forex loss/gain as operating in nature

  • In Favour of Both, Partially
  • Citation Number : TS-19-ITAT-2023(CHNY)-TP
  • Tax Payer : Faurecia Emissions Control Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds Instruction 3/2016 operates qua fresh ALP determination, not w.r.t adopting amount disclosed by assessee

  • In Favour of Both, Partially
  • Citation Number : TS-15-ITAT-2023(PUN)-TP
  • Tax Payer : Shriram Foundry Pvt Ltd
High Court

HC: Directs TPO to redo ALP determination without being influenced by ITAT’s observations

  • In Favour of Both, Partially
  • Citation Number : TS-926-HC-2022(MAD)-TP
  • Tax Payer : Shasun Pharmaceuticals Ltd [Formerly known as M/s Shasun Chemicals and Drugs Ltd]
Income tax Appellate Tribunal

ITAT: Allows Roche's appeal upon recall, upholds exclusion of functionally dissimilar comparable

  • In Favour of Assessee
  • Citation Number : TS-14-ITAT-2023(Mum)-TP
  • Tax Payer : Roche Diagnostics India Private Limited
Income tax Appellate Tribunal

ITAT: Considers assessee’s failure to produce details regarding asset purchase; Confirms NIL-ALP determination

  • In Favour of Revenue
  • Citation Number : TS-12-ITAT-2023(CHNY)-TP
  • Tax Payer : Flextronics Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes assessment order passed in violation of 144C; Directs Revenue to devise mechanism to rectify software

  • In Favour of Assessee
  • Citation Number : TS-13-ITAT-2023(HYD)-TP
  • Tax Payer : Apache Footwear India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes AMP adjustments in Coca Cola India's case, restores issue qua disallowance of service charges

  • In Favour of Both, Partially
  • Citation Number : TS-11-ITAT-2023(PUN)-TP
  • Tax Payer : Coca Cola India Private Limited