Rulings ( 11344 results )
Income tax Appellate Tribunal
ITAT: Rules on comparables, Remits ALP-determination of management-services' payment; Condones delay for filing appeal
May 24, 2022
- In Favour of Both, Partially
- Citation Number : TS-301-ITAT-2022(DEL)-TP
- Tax Payer : Mavenir India pvt ltd
Income tax Appellate Tribunal
ITAT: Allows custom-duty adjustment plea, remits calculation; Deletes TP-adjustment on technical services fees
May 24, 2022
- In Favour of Both, Partially
- Citation Number : TS-302-ITAT-2022(PUN)-TP
- Tax Payer : India Kawasaki Motors Private Limited
Income tax Appellate Tribunal
ITAT: Excludes 4, remits 3 comparables for ITeS provider; Remits working-capital adjustment
May 24, 2022
- In Favour of Both, Partially
- Citation Number : TS-304-ITAT-2022(Bang)-TP
- Tax Payer : Acuity Knowledge Center (India) Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Rules on comparables for Design Engineering Services, Disallows foreign R&D expenditure for weighted deduction u/s 35(2AB)
May 23, 2022
- In Favour of Both, Partially
- Citation Number : TS-300-ITAT-2022(PUN)-TP
- Tax Payer : Mahle Behr India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Applies US AE MAP margins to Non-US AE transactions; Rules on comparables-selection for MSS
May 23, 2022
- In Favour of Assessee
- Citation Number : TS-297-ITAT-2022(Bang)-TP
- Tax Payer : Texas Instruments (India) Private Limited
Income tax Appellate Tribunal
ITAT: Rules on comparable-selection, Follows precedents; Directs separate benchmarking for Consulting Practice Division
May 23, 2022
- In Favour of Assessee
- Citation Number : TS-298-ITAT-2022(Mum)-TP
- Tax Payer : Frost & Sullivan (India) Private Limited
Income tax Appellate Tribunal
ITAT: Segregates ‘Professional Charges paid’ from other international transactions; Observes all methods open for ALP determination
May 23, 2022
- In Favour of Assessee
- Citation Number : TS-299-ITAT-2022(PUN)-TP
- Tax Payer : Faurecia Automotive Seating India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Deletes Sec. 271G-penalty; Cites practical difficulty in information maintenance for diamond-merchants
May 20, 2022
- In Favour of Assessee
- Citation Number : TS-294-ITAT-2022(Mum)-TP
- Tax Payer : Dharmanandan Diamonds (P) Ltd
Income tax Appellate Tribunal
ITAT: Remits ALP determination for deemed international transaction of television content production fees; Directs fresh consideration
May 20, 2022
- In Favour of Both, Partially
- Citation Number : TS-296-ITAT-2022(Mum)-TP
- Tax Payer : Fremantle India Television Productions Pvt Ltd
Income tax Appellate Tribunal
ITAT: Dismisses Ericsson India's appeal as withdrawn citing resolution of TP-issue under Unilateral-APA
May 20, 2022
- In Favour of Assessee
- Citation Number : TS-295-ITAT-2022(DEL)-TP
- Tax Payer : Ericsson India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rules on selection of comparables in ITeS segment; Follows precedent
May 20, 2022
- In Favour of Assessee
- Citation Number : TS-293-ITAT-2022(DEL)-TP
- Tax Payer : FIL Research (India) P Ltd
Income tax Appellate Tribunal
ITAT: Upholds corporate-guarantee fee ALP at 0.5%; Confirms deletion of TP-adjustment for SDTs
May 19, 2022
- In Favour of Assessee
- Citation Number : TS-290-ITAT-2022(Kol)-TP
- Tax Payer : Electrosteel Castings Ltd
Income tax Appellate Tribunal
ITAT: Adopts GP/Sales for assessee’s Auto component manufacturing segment, follows precedent
May 19, 2022
- In Favour of Assessee
- Citation Number : TS-292-ITAT-2022(Bang)-TP
- Tax Payer : Toyota Industries Engine India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Allows ‘Other Method’ as MAM for benchmarking call-centre service income; Permits change of MAM selection
May 19, 2022
- In Favour of Assessee
- Citation Number : TS-291-ITAT-2022(Mum)-TP
- Tax Payer : First Credit ITES P Ltd
Income tax Appellate Tribunal
ITAT: Allows deduction u/s 10AA; OP/OC PLI concept relevant only for TP-analysis, Follows precedent
May 18, 2022
- In Favour of Assessee
- Citation Number : TS-288-ITAT-2022(PUN)-TP
- Tax Payer : Eaton Technologies Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Deletes Sec.37(1) disallowance; Dismisses royalty-payment adjustment, protective-adjustment in view of MAP settlement
May 18, 2022
- In Favour of Assessee
- Citation Number : TS-289-ITAT-2022(DEL)-TP
- Tax Payer : JCB India Ltd
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustment w.r.t reimbursement of out of pocket expenses incurred by Capgemini India
May 18, 2022
- In Favour of Assessee
- Citation Number : TS-287-ITAT-2022(Mum)-TP
- Tax Payer : Capgemini India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Management-fee and technology license fee interlinked with manufacturing-activity; Accepts TNMM over hypothetical CUP
May 17, 2022
- In Favour of Both, Partially
- Citation Number : TS-285-ITAT-2022(Bang)-TP
- Tax Payer : Bostik India Private Limited
Income tax Appellate Tribunal
ITAT: Adjudicates on TP adjustment for guarantee and benchmarking export of finished goods; Remits for fresh consideration
May 17, 2022
- In Favour of Both, Partially
- Citation Number : TS-284-ITAT-2022(DEL)-TP
- Tax Payer : Jubilant Pharmova Ltd
Income tax Appellate Tribunal
ITAT: Deletes adjustment on imputed interest on outstanding AE receivables; Dismisses stay application
May 17, 2022
- In Favour of Assessee
- Citation Number : TS-286-ITAT-2022(DEL)-TP
- Tax Payer : Orange Business Services India Solutions Pvt Ltd