Rulings ( 11925 results )

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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
Income tax Appellate Tribunal

ITAT: Rules on comparables qua provision of SWD services, remits interest on delayed receivables

  • In Favour of Both, Partially
  • Citation Number : TS-925-ITAT-2022-TP
  • Tax Payer : Applied Materials India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes AO’s reassessment order based on TPO's invalid order; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-10-ITAT-2023(Kol)-TP
  • Tax Payer : Witzenmann India Pvt Ltd
High Court

HC: Holds Sec.92CA as machinery provision, Sec.153 deals exclusively with limitation; Quashes assessment-order for Pfizer Healthcare

  • In Favour of Assessee
  • Citation Number : TS-924-HC-2022(MAD)-TP
  • Tax Payer : Pfizer Healthcare India Private Limited
Income tax Appellate Tribunal

ITAT: Holds fresh AMP adjustment in remand proceedings as bad in law; Out of scope of Sec 254(4)

  • In Favour of Both, Partially
  • Citation Number : TS-922-ITAT-2022(Bang)-TP
  • Tax Payer : IBM India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Dismisses TCS' MA seeking rectification of order affirming TP-adjustment qua interest-free loan

  • In Favour of Revenue
  • Citation Number : TS-09-ITAT-2023(Mum)-TP
  • Tax Payer : Tata Consultancy Services Ltd
Income tax Appellate Tribunal

ITAT: Holds RPM, CUP method inapplicable to sale of bulk drugs; Remits ALP determination

  • In Favour of Both, Partially
  • Citation Number : TS-400-ITAT-2013(CHNY)-TP
  • Tax Payer : Shasun Pharmaceuticals Ltd [Formerly known as M/s Shasun Chemicals and Drgus Ltd]
Income tax Appellate Tribunal

ITAT: Quashes TPO’s order passed beyond time limit as well as subsequent TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-921-ITAT-2022(Mum)-TP
  • Tax Payer : Multi Screen Media Pvt Ltd
Income tax Appellate Tribunal

ITAT: Sets aside final assessment order passed without regard to DRP's directions, remands issue to AO

  • In Favour of Assessee
  • Citation Number : TS-07-ITAT-2023(HYD)-TP
  • Tax Payer : Gameloft Software Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables in SWD and ITeS segments failing upper turnover filter; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-08-ITAT-2023(Bang)-TP
  • Tax Payer : Eurofins IT Solutions India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua AMP expenditure and interest on AE-receivables; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-1264-ITAT-2019(DEL)-TP
  • Tax Payer : AMADEUS INDIA PVT LTD
High Court

HC: Deletes protective and substantive adjustments made on AMP expenditure; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-920-HC-2022(DEL)-TP
  • Tax Payer : AMADEUS INDIA PVT LTD
High Court

HC: Dismisses assessee’s appeal against ITAT order remitting corporate-guarantee commission issue

  • In Favour of Revenue
  • Citation Number : TS-919-HC-2022(ALL)-TP
  • Tax Payer : Jubilant Pharmova Ltd
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar comparables qua ITeS segment, remits working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-06-ITAT-2023(PUN)-TP
  • Tax Payer : Rage Frameworks India Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables, upholds interest @LIBOR+200bps on receivables allowing 120 days' credit period

  • In Favour of Both, Partially
  • Citation Number : TS-918-ITAT-2022(HYD)-TP
  • Tax Payer : Quislex Legal Services P Ltd
Supreme Court

SC: Dismisses assessee’s SLP against HC-decision which held no substantial question of law in remanding TP-issue

  • In Favour of Revenue
  • Citation Number : TS-05-SC-2023-TP
  • Tax Payer : Jubilant Pharmova Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua purchase of raw materials & goods and sales, follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-04-ITAT-2023(Kol)-TP
  • Tax Payer : DIC India Limited
High Court

HC: ITAT’s remand for considering assessee’s additional evidence not prejudicial to either party; Dismisses Revenue's appeal

  • In Favour of Assessee
  • Citation Number : TS-915-HC-2022(DEL)-TP
  • Tax Payer : YKK India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables under SWD segment, remits working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-917-ITAT-2022(Mum)-TP
  • Tax Payer : Symantec Software India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes AO’s assessment-order passed in name of non-existing company despite knowledge of amalgamation

  • In Favour of Assessee
  • Citation Number : TS-916-ITAT-2022(Mum)-TP
  • Tax Payer : Accenture Solutions Private Limited