Rulings ( 11925 results )

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Income tax Appellate Tribunal

ITAT: Accepts assessee’s adoption of 6% as interest on AE-receivables

  • In Favour of Assessee
  • Citation Number : TS-862-ITAT-2022(Bang)-TP
  • Tax Payer : Infosys Ltd
Income tax Appellate Tribunal

ITAT: Grants working capital adjustment qua Design Engineering services segment, follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-857-ITAT-2022(Bang)-TP
  • Tax Payer : Inteva Products India Automotive Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds interest on AE-loan at arm's length, restricts guarantee fee @0.5%, remits royalty issue

  • In Favour of Both, Partially
  • Citation Number : TS-858-ITAT-2022(Bang)-TP
  • Tax Payer : Sasken Technologies Ltd, (Formerly known as Sasken Communication Technologies Ltd)
Income tax Appellate Tribunal

ITAT: Accepts Internal TNMM for benchmarking export sales; Directs consistent method application

  • In Favour of Both, Partially
  • Citation Number : TS-859-ITAT-2022(Mum)-TP
  • Tax Payer : Lanxess India Private Ltd.
Income tax Appellate Tribunal

ITAT: Rejects Foreign-AE as tested party; Upholds benchmarking for Reimbursement, Rejects CUP for Data Management

  • In Favour of Both, Partially
  • Citation Number : TS-856-ITAT-2022(Ahd)-TP
  • Tax Payer : Schneider Electric Infrastructure Limited
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar comparables; Refuses exclusion on 'high-margin' basis but directs verification of functional similarity

  • In Favour of Both, Partially
  • Citation Number : TS-853-ITAT-2022(Bang)-TP
  • Tax Payer : Subex Ltd
Income tax Appellate Tribunal

ITAT: Restricts TP-adjustment qua purchase of raw material taking CUP as MAM; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-854-ITAT-2022(Mum)-TP
  • Tax Payer : Merk Limited
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment qua outstanding AE-receivables for consideration of MSA, credit period allowed etc

  • In Favour of Both, Partially
  • Citation Number : TS-855-ITAT-2022(Bang)-TP
  • Tax Payer : Huawei Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes AMP adjustment sans existence of arrangement between assessee & AE, follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-849-ITAT-2022(Bang)-TP
  • Tax Payer : HP India Sales Private Ltd
High Court

HC: Dismisses Revenue’s appeal qua AMP adjustment; Subjects the matter to SC’s final decision

  • In Favour of Assessee
  • Citation Number : TS-850-HC-2022(DEL)-TP
  • Tax Payer : Xerox India Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables qua ITeS provider, directs TPO to consider interest @LIBOR+3% on delayed receivables

  • In Favour of Both, Partially
  • Citation Number : TS-851-ITAT-2022(CHNY)-TP
  • Tax Payer : Excellence Data Research Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds final assessment-order barred by limitation, not passed as per Sec 144C time-limit

  • In Favour of Assessee
  • Citation Number : TS-852-ITAT-2022(Bang)-TP
  • Tax Payer : Altran Technologies India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Accepts plea of inadvertent mistake and no loss to revenue; Deletes penalty levied by TPO

  • In Favour of Assessee
  • Citation Number : TS-847-ITAT-2022(DEL)-TP
  • Tax Payer : ATEPL Rahee Joint Venture
Income tax Appellate Tribunal

ITAT: Deletes AMP adjustment for PepsiCo India; Follows earlier ruling

  • In Favour of Assessee
  • Citation Number : TS-848-ITAT-2022(DEL)-TP
  • Tax Payer : PepsiCo India Holdings Pvt Ltd
High Court

HC: Non-issuance of notice u/s.143(2) vitiates Sec 148 notice, consequent TPO reference; Allows assessee's writ

  • In Favour of Assessee
  • Citation Number : TS-846-HC-2022(MAD)-TP
  • Tax Payer : Amec Foster Wheeler Iberia SLU – India Project Office
Income tax Appellate Tribunal

ITAT: Confirms exclusion of Excel Infoways as comparable citing diminishing revenue

  • In Favour of Assessee
  • Citation Number : TS-844-ITAT-2022(Mum)-TP
  • Tax Payer : Cactus Communication Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds TPO order barred by limitation in case of a Hotel company; Follows earlier ruling

  • In Favour of Assessee
  • Citation Number : TS-845-ITAT-2022(Mum)-TP
  • Tax Payer : The Indian Hotels Company Ltd
Income tax Appellate Tribunal

ITAT: Upholds exclusion of comparable failing RPT-filter, remits adjustment qua expense reimbursement by AE

  • In Favour of Both, Partially
  • Citation Number : TS-842-ITAT-2022(Bang)-TP
  • Tax Payer : Astra Zeneca Pharma India Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in ITeS segment, excludes 4; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-843-ITAT-2022(DEL)-TP
  • Tax Payer : Reservation Data Maintenance India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in SWD segment, Excludes 10; Remits issue of interest on AE-receivables

  • In Favour of Both, Partially
  • Citation Number : TS-840-ITAT-2022(Bang)-TP
  • Tax Payer : Applied Materials India Pvt Ltd