Rulings ( 11925 results )

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Income tax Appellate Tribunal

ITAT: Adopts corporate guarantee commission at 0.5% over 1.15%; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-821-ITAT-2022(DEL)-TP
  • Tax Payer : Havells India Ltd
Income tax Appellate Tribunal

ITAT: Applies upper turnover filter, holds purchase of AE's shares under ESOP not operating cost

  • In Favour of Both, Partially
  • Citation Number : TS-823-ITAT-2022(Bang)-TP
  • Tax Payer : Radisys India Limited (formerly known as Radisys India Private Limited)
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua receipt of counter guarantee commission, follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-815-ITAT-2022(DEL)-TP
  • Tax Payer : MUFG Bank Ltd
Income tax Appellate Tribunal

ITAT: AO/TPO to re-examine whether SWD, EDS services closely linked with primary manufacturing activity

  • In Favour of Both, Partially
  • Citation Number : TS-816-ITAT-2022(Bang)-TP
  • Tax Payer : Autoliv India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits ALP-determination w.r.t interest on delayed receivables; Proper benchmarking study to be followed

  • In Favour of Assessee
  • Citation Number : TS-817-ITAT-2022(Bang)-TP
  • Tax Payer : Safran Engineering Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds NIL ALP for management service fees, Assessee fails to prove rendition via evidence

  • In Favour of Both, Partially
  • Citation Number : TS-818-ITAT-2022(CHNY)-TP
  • Tax Payer : AB Mauri India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds exclusion of comparables doing big-ticket government projects qua routine EDS provider

  • In Favour of Assessee
  • Citation Number : TS-811-ITAT-2022(Mum)-TP
  • Tax Payer : Worley India Pvt Ltd (Formerly known as Jacobs Engineering India Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Remands TP-adjustment w.r.t sales made to AE; Directs de-novo determination of ALP

  • In Favour of Both, Partially
  • Citation Number : TS-812-ITAT-2022(Mum)-TP
  • Tax Payer : Diaster Jewellery Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua royalty payment by General Motors India; Rules on comparable selection

  • In Favour of Assessee
  • Citation Number : TS-813-ITAT-2022(Ahd)-TP
  • Tax Payer : General Motors India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits TP-issue qua management charge payment, notes APA for subsequent years has guidance value

  • In Favour of Assessee
  • Citation Number : TS-814-ITAT-2022(Mum)-TP
  • Tax Payer : Aker Powergas Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes BLT based AMP adjustment absent international transaction for Suzuki Motorcycles, follows precedent

  • In Favour of Assessee
  • Citation Number : TS-808-ITAT-2022(DEL)-TP
  • Tax Payer : Suzuki Motorcycles (I) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua management-fees sans application of prescribed method; Rejects ALP determined on estimation basis

  • In Favour of Assessee
  • Citation Number : TS-809-ITAT-2022(Mum)-TP
  • Tax Payer : Brinks India Pvt Ltd (Formerly known as ‘Brinks Arya (India) Private Ltd.’)
Income tax Appellate Tribunal

ITAT: Rules on comparables qua SWD service provider, deletes interest on delayed AE-receivables

  • In Favour of Assessee
  • Citation Number : TS-810-ITAT-2022(DEL)-TP
  • Tax Payer : Global Logic India Ltd
Income tax Appellate Tribunal

ITAT: Deletes AMP adjustment, applies rule of consistency; Excludes 4 comparables under IT support services segment

  • In Favour of Assessee
  • Citation Number : TS-805-ITAT-2022(Bang)-TP
  • Tax Payer : Alcon Laboratories Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparable for majorly subcontracting work, terms it functionally different

  • In Favour of Assessee
  • Citation Number : TS-806-ITAT-2022(Ahd)-TP
  • Tax Payer : Weatherford Drilling and Production Services (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows adjustments qua capacity utilization, working capital; Directs TPO to exercise power u/s 133(6) if needed

  • In Favour of Assessee
  • Citation Number : TS-807-ITAT-2022(Kol)-TP
  • Tax Payer : Witzenmann India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds imputation of notional interest on loan, refuses to consider provision for doubtful debt

  • In Favour of Both, Partially
  • Citation Number : TS-804-ITAT-2022(Bang)-TP
  • Tax Payer : United Spirits Limited
Income tax Appellate Tribunal

ITAT: Restricts rate of corporate guarantee commission to 0.50%, Remits interest on delayed AE-receivable

  • In Favour of Both, Partially
  • Citation Number : TS-801-ITAT-2022(Bang)-TP
  • Tax Payer : Trianz Holdings Pvt Ltd
Income tax Appellate Tribunal

ITAT: Grants capacity utilization adjustment, denies risk adjustment; Directs using average of past three years’ data

  • In Favour of Both, Partially
  • Citation Number : TS-802-ITAT-2022(CHNY)-TP
  • Tax Payer : Triumph International (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Applies TNMM to benchmark commission payment; Adopts subsequent year findings for current year

  • In Favour of Assessee
  • Citation Number : TS-803-ITAT-2022(Mum)-TP
  • Tax Payer : Raymond Limited