Rulings ( 11925 results )

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Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua SDT, considers omission of Sec.92BA(i); Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-878-ITAT-2022(Kol)-TP
  • Tax Payer : Rahee Jhajharia E to E JV
Income tax Appellate Tribunal

ITAT: Excludes comparables failing turnover filter; Deletes AMP adjustment

  • In Favour of Assessee
  • Citation Number : TS-879-ITAT-2022(Bang)-TP
  • Tax Payer : Alcon Laboratories (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits issue of adjustment qua salary cost reimbursement by AE for fresh consideration

  • In Favour of Both, Partially
  • Citation Number : TS-880-ITAT-2022(Ahd)-TP
  • Tax Payer : e-infochips Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP determination of SDT, dismisses non applicability of Sec 40A(2)(b)

  • In Favour of Both, Partially
  • Citation Number : TS-874-ITAT-2022(VIZ)-TP
  • Tax Payer : 3F Industries Limited
Income tax Appellate Tribunal

ITAT: Sets aside draft order passed in non-existent company's name, invalidates subsequent proceedings; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-875-ITAT-2022(Mum)-TP
  • Tax Payer : Siemens Limited (Successor in Interest to Siemens VIA Metals Technologies Private Limited)
Income tax Appellate Tribunal

ITAT: Rules on comparables qua SWD service provider, applies 200Cr upper turnover filter, follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-877-ITAT-2022(Bang)-TP
  • Tax Payer : Microchip Technology India Pvt Ltd
High Court

HC: Holds TPO’s order barred by limitation, dismisses Revenue's writ appeals

  • In Favour of Assessee
  • Citation Number : TS-876-HC-2022(MAD)-TP
  • Tax Payer : Saint Gobain India Private Limited
Income tax Appellate Tribunal

ITAT: Holds no imputation of interest on overdue receivables under TNMM, fixes guarantee commission @0.5%

  • In Favour of Assessee
  • Citation Number : TS-873-ITAT-2022(VIZ)-TP
  • Tax Payer : Devi Sea Foods Limited
Income tax Appellate Tribunal

ITAT: Confirms DRP’s inclusion of comparables having turnover between Rs. 200-2000 cr for medium-sized company

  • In Favour of Assessee
  • Citation Number : TS-872-ITAT-2022(Bang)-TP
  • Tax Payer : Harman Connected Services Corporation India Pvt Ltd (Formerly Symphony Teleca Corporation (India) Private Ltd)
Income tax Appellate Tribunal

ITAT: Remits plea qua inclusion/exclusion of comparables for SWD service provider

  • In Favour of Both, Partially
  • Citation Number : TS-870-ITAT-2022(HYD)-TP
  • Tax Payer : Wissen Infotech Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment wrt fees received for marketing of FIPs by Indian branch of UBS AG

  • In Favour of Assessee
  • Citation Number : TS-871-ITAT-2022(Mum)-TP
  • Tax Payer : UBS AG
Income tax Appellate Tribunal

ITAT: Upholds exclusion of persistently loss-making company, rules on adjustments qua working capital, capacity, depreciation

  • In Favour of Both, Partially
  • Citation Number : TS-867-ITAT-2022(Bang)-TP
  • Tax Payer : Toyota Kirloskar Motors Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes DRP’s direction setting aside issues to AO; Terms it contrary to Sec 144C(8)

  • In Favour of Assessee
  • Citation Number : TS-869-ITAT-2022(PUN)-TP
  • Tax Payer : LIEBHERR CMC Tech India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes ALP adjustment qua corporate guarantee commission, follows jurisdictional HC

  • In Favour of Assessee
  • Citation Number : TS-868-ITAT-2022(Mum)-TP
  • Tax Payer : Everest Kanto Cylinder Ltd
Income tax Appellate Tribunal

ITAT: Holds 'arithmetic mean' u/s 92C(2) proviso doesn't include weighted average, deviates from earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-866-ITAT-2022(Mum)-TP
  • Tax Payer : Morgan Stanley India Company Private Limited
Income tax Appellate Tribunal

ITAT: Upholds 6% as ALP interest-rate on AE-receivables in case of Infosys; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-864-ITAT-2022(Bang)-TP
  • Tax Payer : Infosys Ltd
Income tax Appellate Tribunal

ITAT: Overdue export receivables an international transaction; Deletes notional interest

  • In Favour of Assessee
  • Citation Number : TS-865-ITAT-2022(Mum)-TP
  • Tax Payer : S Vinodkumar Diamonds Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds share application money as loan to AE, FCCB interest paid plus 1% markup as ALP interest

  • In Favour of None/NA
  • Citation Number : TS-863-ITAT-2022(Mum)-TP
  • Tax Payer : Prime Focus Ltd
Income tax Appellate Tribunal

ITAT: Allows Sec 10AA deduction, refuses Revenue's claim of extraordinary profits; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-860-ITAT-2022(PUN)-TP
  • Tax Payer : Eaton Technologies Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal; ITAT order quashing AO's jurisdiction due to transfer of office not illegal

  • In Favour of Assessee
  • Citation Number : TS-861-HC-2022(BOM)-TP
  • Tax Payer : Capstone Securities Analysis Pvt Ltd