Rulings ( 11925 results )

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Income tax Appellate Tribunal

ITAT: Computes guarantee amount at 0.5%; Upholds CIT(A) order

  • In Favour of Assessee
  • Citation Number : TS-798-ITAT-2022(Mum)-TP
  • Tax Payer : 63 Moon Technologies Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables qua SWD, MSS and ITeS segments; Remits interest on outstanding-receivables

  • In Favour of Both, Partially
  • Citation Number : TS-799-ITAT-2022(Bang)-TP
  • Tax Payer : Mandiant Cyber Security Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs PLI computation only qua international transactions; Dismisses TPO's approach

  • In Favour of Assessee
  • Citation Number : TS-800-ITAT-2022(Mum)-TP
  • Tax Payer : Tricom Infotech Solutions Ltd
High Court

HC: Dismisses Revenue’s appeal qua AMP-adjustment; Analyses existing jurisprudence

  • In Favour of Assessee
  • Citation Number : TS-797-HC-2022(DEL)-TP
  • Tax Payer : Moet Hennessy India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Confirms guarantee commission @ 0.5%; Follows Everest Kanto Cylinder ruling

  • In Favour of Assessee
  • Citation Number : TS-793-ITAT-2022(Mum)-TP
  • Tax Payer : PFS Sihpping (India) Ltd
Income tax Appellate Tribunal

ITAT: Excludes Cosmic Global, Infosys BPO under ITeS segment; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-794-ITAT-2022(Mum)-TP
  • Tax Payer : Travelex India Private Limited
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment qua interest on outstanding receivables; Adjustment only if not subsumed in WCA

  • In Favour of Both, Partially
  • Citation Number : TS-795-ITAT-2022(Bang)-TP
  • Tax Payer : AB INBEV GCC Services India Pvt Ltd (earlier known as GCC Services India Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Remits inclusion of service tax refund in operating income, rules on comparables qua ITeS

  • In Favour of Both, Partially
  • Citation Number : TS-796-ITAT-2022(Bang)-TP
  • Tax Payer : Global e-Business Operations Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 11 comparables with turnover exceeding 200Cr for SWD service provider

  • In Favour of Both, Partially
  • Citation Number : TS-790-ITAT-2022(Bang)-TP
  • Tax Payer : MWYN Tech Private Ltd
Income tax Appellate Tribunal

ITAT: Holds transactions with related and unrelated parties cannot be clubbed for benchmarking; Upholds DRP’s views

  • In Favour of Assessee
  • Citation Number : TS-791-ITAT-2022(DEL)-TP
  • Tax Payer : Marubeni India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits adjustments qua marketing & business support services segment & warranty expenses, follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-792-ITAT-2022(Bang)-TP
  • Tax Payer : Dell International Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Refuses characterisation of CCDs as equity; Directs Sec 94B disallowance qua interest on CCDs

  • In Favour of Both, Partially
  • Citation Number : TS-789-ITAT-2022(Bang)-TP
  • Tax Payer : Summit Developments Private Limited
Income tax Appellate Tribunal

ITAT: Holds payment for admin support services part of operating cost, separate adjustment unwarranted; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-785-ITAT-2022(Bang)-TP
  • Tax Payer : Cisco Systems Capital (India) Pvt.Ltd.
High Court

HC: Dismisses Revenue’s appeal on AMP adjustment sans substantial question of law; Follows Sony Ericsson

  • In Favour of Assessee
  • Citation Number : TS-786-HC-2022(DEL)-TP
  • Tax Payer : Moet Hennessy India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in SWD and ITeS segments, Directs no negative working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-787-ITAT-2022(Bang)-TP
  • Tax Payer : Dell International Services India Private Limited
Income tax Appellate Tribunal

ITAT: Directs 0.50% adjustment for corporate guarantee on closing/ outstanding balance; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-788-ITAT-2022(Bang)-TP
  • Tax Payer : Sasken Technologies Ltd
Income tax Appellate Tribunal

ITAT: Remits AMP adjustment qua IBM India to verify if expenses factored in net cost

  • In Favour of Both, Partially
  • Citation Number : TS-781-ITAT-2022(Bang)-TP
  • Tax Payer : IBM India Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal on comparables-selection absent substantial question of law

  • In Favour of Assessee
  • Citation Number : TS-782-HC-2022(DEL)-TP
  • Tax Payer : Bechtel India P Ltd
Income tax Appellate Tribunal

ITAT: Directs adoption of interest rate at LIBOR + 3%, considers credit period as agreed between AE and assessee

  • In Favour of Assessee
  • Citation Number : TS-783-ITAT-2022(Bang)-TP
  • Tax Payer : International Aerospace Manufacturing Private Ltd
Income tax Appellate Tribunal

ITAT: Observes, cannot term services as ITES only because they're rendered using IT medium

  • In Favour of Assessee
  • Citation Number : TS-784-ITAT-2022(Bang)-TP
  • Tax Payer : Dell International Services India Private Ltd