Rulings ( 11925 results )

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Income tax Appellate Tribunal

ITAT: Rejects Revenue's DCF method for valuing share sale given uncertain income/future cash-flow projections

  • In Favour of Assessee
  • Citation Number : TS-899-ITAT-2022(Mum)-TP
  • Tax Payer : Aaradhana Realties Limited (earlier known as Essar Investment Limited)
Income tax Appellate Tribunal

ITAT: Rules on comparables in ITES and IT Software services segments; Remits working capital and risk adjustments

  • In Favour of Both, Partially
  • Citation Number : TS-1146-ITAT-2017(Mum)-TP
  • Tax Payer : Accenture Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adopts interest @ LIBOR+300 bps for AE-loans, remits ALP-determination qua sale of finished goods

  • In Favour of Both, Partially
  • Citation Number : TS-897-ITAT-2022(Mum)-TP
  • Tax Payer : Roha Dyechem Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds write-back of provision for doubtful debts as part of operating income; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-898-ITAT-2022(Mum)-TP
  • Tax Payer : Swiss Re Services India Private Ltd
Income tax Appellate Tribunal

ITAT: TPO’s comparability under CUP does not satisfy the requirement of law for its applicability; Remits issue

  • In Favour of Both, Partially
  • Citation Number : TS-896-ITAT-2022(Mum)-TP
  • Tax Payer : Abott India Limited
Income tax Appellate Tribunal

ITAT: Rejects recharacterization of OFCD as loan; Benchmarks corporate guarantee at 0.50%

  • In Favour of Both, Partially
  • Citation Number : TS-895-ITAT-2022(CHNY)-TP
  • Tax Payer : Siva Industries and Holdings Limited
Supreme Court

SC: Dismisses assessee’s SLP against HC-order confirming ITAT's remand of corporate-guarantee commission

  • In Favour of Revenue
  • Citation Number : TS-893-SC-2022-TP
  • Tax Payer : Jubilant Pharmova Ltd
High Court

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

  • In Favour of Revenue
  • Citation Number : TS-894-HC-2022(ALL)-TP
  • Tax Payer : Jubilant Pharmova Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables, upholds TNMM over CUP as MAM for benchmarking service charge payment

  • In Favour of Both, Partially
  • Citation Number : TS-891-ITAT-2022(Mum)-TP
  • Tax Payer : Hannover Milano Fairs India Private Limited
Income tax Appellate Tribunal

ITAT: Restricts corporate-guarantee fee @0.5%; Upholds CUP as MAM for exports, refuses 'discount' adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-892-ITAT-2022(PUN)-TP
  • Tax Payer : Jain Irrigation Systems Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for coordination of clinical trial segment and recovery of expenses; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-888-ITAT-2022(Bang)-TP
  • Tax Payer : Astra Zeneca Pharma India Ltd
Income tax Appellate Tribunal

ITAT: Accepts assessee's government-approved valuer report qua purchase of machinery, directs aggregate benchmarking

  • In Favour of Assessee
  • Citation Number : TS-889-ITAT-2022(Mum)-TP
  • Tax Payer : Tessitura Monti India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds need-benefit-rendition tests qua IGS to be established every year; Earlier orders not determinative

  • In Favour of Assessee
  • Citation Number : TS-890-ITAT-2022(Mum)-TP
  • Tax Payer : Lintas India Private Limited
Income tax Appellate Tribunal

ITAT: Rules on exclusion/inclusion of over 10 comparables; Remits working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-887-ITAT-2022(Bang)-TP
  • Tax Payer : Mindteck (India) Limited
Income tax Appellate Tribunal

ITAT: Excludes Motilal Oswal being functionally-dissimilar to advisory/consultancy services provider

  • In Favour of Assessee
  • Citation Number : TS-886-ITAT-2022(Mum)-TP
  • Tax Payer : Rothschild & Co India Private Limited
Income tax Appellate Tribunal

ITAT: Confirms assessee’s determination of guarantee commission at 0.35%, deletes TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-885-ITAT-2022(Mum)-TP
  • Tax Payer : Greatship (India) Ltd
Income tax Appellate Tribunal

ITAT: Dismisses assessee’s appeal on TP issues as not pressed in light of APA resolution

  • In Favour of Both, Partially
  • Citation Number : TS-882-ITAT-2022(DEL)-TP
  • Tax Payer : Concentrix Daksh Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP determination of management services fee for consideration of evidence provided by assessee

  • In Favour of Assessee
  • Citation Number : TS-883-ITAT-2022(Mum)-TP
  • Tax Payer : 3A Composites India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds final assessment non-est in law as barred by limitation; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-884-ITAT-2022(Bang)-TP
  • Tax Payer : IPG DXTRA India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes notional interest charged on loan to AE, Loan inherited via merger not an international transaction

  • In Favour of Both, Partially
  • Citation Number : TS-881-ITAT-2022(Bang)-TP
  • Tax Payer : Xchanging Solutions Ltd