Rulings ( 11925 results )

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Income tax Appellate Tribunal

ITAT: Rules on comparables in MSS & manufacturing; Orders denovo comparability analysis in trading segment

  • In Favour of Both, Partially
  • Citation Number : TS-838-ITAT-2022(Bang)-TP
  • Tax Payer : Sartorius Stedim India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits comparability of company accepted by Dept earlier; Adopts interest ALP @ Swiss LIBOR+150bps

  • In Favour of Both, Partially
  • Citation Number : TS-839-ITAT-2022(Ahd)-TP
  • Tax Payer : GMM Pfaulder P Ltd
Income tax Appellate Tribunal

ITAT: Deletes AMP-adjustment absent existence of arrangement between assessee and AE; Applies rule of consistency

  • In Favour of Assessee
  • Citation Number : TS-841-ITAT-2022(CHNY)-TP
  • Tax Payer : Roca Bathroom Products Private Limited
Income tax Appellate Tribunal

ITAT: Restricts TP-adjustment to value of business unit actually transferred, directs excluding assets retained by assessee

  • In Favour of Both, Partially
  • Citation Number : TS-837-ITAT-2022(DEL)-TP
  • Tax Payer : Saxo India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Loss from eligible-units can be set off against TP-adjustment, 40(a)(i) disallowance; Dismisses Revenue’s appeal

  • In Favour of Assessee
  • Citation Number : TS-833-ITAT-2022(Mum)-TP
  • Tax Payer : Sitel India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables under SWD, ITeS segments; Adopts LIBOR+3% as interest on outstanding AE-receivables

  • In Favour of Both, Partially
  • Citation Number : TS-834-ITAT-2022(Bang)-TP
  • Tax Payer : Finastra Software Solutions (India) Private Ltd
Income tax Appellate Tribunal

ITAT: Restores TP-adjustments qua interest, SBI base-rate not comparable as bankers don't provide loans to JVs

  • In Favour of Both, Partially
  • Citation Number : TS-835-ITAT-2022(DEL)-TP
  • Tax Payer : BSC C&C JV
Income tax Appellate Tribunal

ITAT: Restricts TP-adjustment to AE-transactions, deletes SDT related adjustment; Follows Thyssen Krupp, Edelweiss Rural decisions

  • In Favour of Both, Partially
  • Citation Number : TS-836-ITAT-2022(Mum)-TP
  • Tax Payer : ALA Chemicals Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds TPO order barred by limitation, Expressions in statutes cannot be substituted by CBDT Circulars

  • In Favour of Assessee
  • Citation Number : TS-832-ITAT-2022(Mum)-TP
  • Tax Payer : Mondelez India Foods Private Limited
Income tax Appellate Tribunal

ITAT: Recharacterization of CCDs impermissible; Royalty payment @ 4% on sale at arm’s length

  • In Favour of Assessee
  • Citation Number : TS-828-ITAT-2022(Bang)-TP
  • Tax Payer : Praxier India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 7 comparables citing high turnover, remits working capital adjustment for SWD service provider

  • In Favour of Both, Partially
  • Citation Number : TS-829-ITAT-2022(Bang)-TP
  • Tax Payer : Tyco Fire and Security India Private Limited
Income tax Appellate Tribunal

ITAT: Deletes TP adjustment made towards FCD interest; Interest "paid" does not extend to "payable"

  • In Favour of Assessee
  • Citation Number : TS-830-ITAT-2022(DEL)-TP
  • Tax Payer : Mondon Investments Ltd
Income tax Appellate Tribunal

ITAT: Grants 40% adjustment qua J.M. Morgan Stanley Securities’ brokerage-commission; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-831-ITAT-2022(Mum)-TP
  • Tax Payer : J M Morgan Stanley Securities Pvt Ltd (Now known as Morgan Stanley India Company Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Excludes 7 comparables having high turnover; Remits 12 for considering available data

  • In Favour of Both, Partially
  • Citation Number : TS-822-ITAT-2022(Bang)-TP
  • Tax Payer : Sapa Extrusion India Private Limited
Income tax Appellate Tribunal

ITAT: Directs use of internal comparables, Upholds delayed AE-receivables as international transaction; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-826-ITAT-2022(Bang)-TP
  • Tax Payer : Sami-Sabinsa Group Limited
Income tax Appellate Tribunal

ITAT: Holds RPM as MAM for benchmarking import of finished goods; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-827-ITAT-2022(Mum)-TP
  • Tax Payer : Torrecid India Private Limited
Income tax Appellate Tribunal

ITAT: Holds TPO’s order as barred by limitation, akin to Pfizer Healthcare ruling; Quashes final order

  • In Favour of Assessee
  • Citation Number : TS-825-ITAT-2022(CHNY)-TP
  • Tax Payer : Verizon Data Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rejects CCDs’ recharacterization as equity; Remits ALP computation for interest

  • In Favour of Assessee
  • Citation Number : TS-824-ITAT-2022(Bang)-TP
  • Tax Payer : CAE Flight Training (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 11 comparables citing high turnover, deletes AMP-adjustment for Motorola Mobility India

  • In Favour of Assessee
  • Citation Number : TS-820-ITAT-2022(Bang)-TP
  • Tax Payer : Motorola Mobility India Private Limited
Income tax Appellate Tribunal

ITAT: Upholds interest payment at 9%/12% on CCDs; Accepts assessee’s payment of royalty at ALP

  • In Favour of Assessee
  • Citation Number : TS-819-ITAT-2022(Bang)-TP
  • Tax Payer : Praxair India Private Limited