Rulings ( 11519 results )

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Income tax Appellate Tribunal

ITAT: Holds Sec 92CA TP-order barred by limitation u/s 92CA(3A) r.w.s. 153; Follows Pfizer Healthcare ruling

Jul 04, 2022
  • In Favour of Assessee
  • Citation Number : TS-399-ITAT-2022(Bang)-TP
  • Tax Payer : Unisys India Private Limited
Income tax Appellate Tribunal

ITAT: Royalty paid to AE within RBI-approved rate, deletes addition; Fixes guarantee commission @ 0.5%

Jul 04, 2022
  • In Favour of Assessee
  • Citation Number : TS-400-ITAT-2022(SUR)-TP
  • Tax Payer : Huber Group India Pvt Ltd (Formerly Known As Micro Inks Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds RPM as MAM for routine-distributor functions; Rules on comparables for SWD-services

Jul 01, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-397-ITAT-2022(Bang)-TP
  • Tax Payer : Harman International (India) Private Limited
Income tax Appellate Tribunal

ITAT: Rejects aggregation of transactions sans common agreement, order; Directs adoption of prior years' approach

Jul 01, 2022
  • In Favour of Revenue
  • Citation Number : TS-396-ITAT-2022(Mum)-TP
  • Tax Payer : Liebherr India Private Limited
Income tax Appellate Tribunal

ITAT: Agrees that management-fee payment be benchmarked on composite transaction basis, Rejects NIL ALP

Jun 30, 2022
  • In Favour of Assessee
  • Citation Number : TS-394-ITAT-2022(Bang)-TP
  • Tax Payer : Capgemini Technology Services India Ltd [formerly AXA Group Solutions Pvt Ltd]
Income tax Appellate Tribunal

ITAT: Invalidates reference to TPO being contrary to Instruction No.3/2016; Deletes addition

Jun 30, 2022
  • In Favour of Assessee
  • Citation Number : TS-395-ITAT-2022(Bang)-TP
  • Tax Payer : Rittal India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds DRP empowered to rectify mistakes suo-moto by issuing SCN, not on TPO's request; Follows Shapoorji

Jun 30, 2022
  • In Favour of Assessee
  • Citation Number : TS-393-ITAT-2022(Mum)-TP
  • Tax Payer : SP Armada Oil Exploration Limited
Income tax Appellate Tribunal

ITAT: Holds interest on AE receivables as separate international transaction; Directs TPO to consider 90 days credit

Jun 29, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-391-ITAT-2022(Bang)-TP
  • Tax Payer : Outsourcepartners International Pvt Ltd
Income tax Appellate Tribunal

ITAT: No profit attributable to assessee after IP sold to AE, follows earlier orders; Confirms guarantee commission @ 1.6%

Jun 29, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-392-ITAT-2022(HYD)-TP
  • Tax Payer : DQ Entertainment (International) Ltd
Income tax Appellate Tribunal

ITAT: Interprets DRP Rules, Holds no power with TPO to file rectification plea

Jun 28, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-390-ITAT-2022(Mum)-TP
  • Tax Payer : Shapoorji Pallonji Bumi Armada Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for SWD services, follows Salesforce ruling; Remits interest on delayed AE receivables

Jun 28, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-387-ITAT-2022(Bang)-TP
  • Tax Payer : Altisource Business Solutions Private Ltd
Income tax Appellate Tribunal

ITAT: Restricts TP-adjustment to AE transaction only; Disposes Revenue’s appeal ex-parte given assessee's non-appearance

Jun 28, 2022
  • In Favour of Assessee
  • Citation Number : TS-388-ITAT-2022(Ahd)-TP
  • Tax Payer : Kemrock Industries & Exports Ltd
Income tax Appellate Tribunal

ITAT: Directs separate benchmarking of interest on AE-receivables, Re-computation beyond agreed credit period

Jun 28, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-389-ITAT-2022(Mum)-TP
  • Tax Payer : Enem Nostrum Remedies Private Limited
Income tax Appellate Tribunal

ITAT: Dismisses assessee's appeal against FAO passed after rectifying OGE as appeal grounds did not emanate from FAO

Jun 28, 2022
  • In Favour of Revenue
  • Citation Number : TS-385-ITAT-2022(Bang)-TP
  • Tax Payer : IBM India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A) order deleting adjustment qua inter-unit SDTs; Takes into consideration various incentives available to eligible unit

Jun 28, 2022
  • In Favour of Assessee
  • Citation Number : TS-386-ITAT-2022(GAU)-TP
  • Tax Payer : Greenply Industries Limited
Income tax Appellate Tribunal

ITAT: Accepts internal TNMM as MAM to determine ALP; Alternatively applies external TNMM basis broad functionality

Jun 27, 2022
  • In Favour of Assessee
  • Citation Number : TS-383-ITAT-2022(Mum)-TP
  • Tax Payer : Huhtamaki India Limited (earlier known as to Huhtamaki PPL Limited)
Income tax Appellate Tribunal

ITAT: Affirms CPM as MAM for contract-manufacturing, deletes adjustment qua inter-unit SDTs

Jun 27, 2022
  • In Favour of Assessee
  • Citation Number : TS-382-ITAT-2022(Kol)-TP
  • Tax Payer : Deepak Industries Ltd
Income tax Appellate Tribunal

ITAT: Holds draft assessment-order passed alongwith demand & penalty notice as null & void; Quashes order

Jun 27, 2022
  • In Favour of Assessee
  • Citation Number : TS-384-ITAT-2022(Mum)-TP
  • Tax Payer : Aker Powergas Pvt Ltd
Income tax Appellate Tribunal

ITAT: Confirms deletion of TP-adjustment qua outstanding AE receivables; Follows Kusum Healthcare

Jun 24, 2022
  • In Favour of Assessee
  • Citation Number : TS-380-ITAT-2022(DEL)-TP
  • Tax Payer : iQor India Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for Citrix's SWD, ITeS segments, allows working capital adjustment

Jun 24, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-381-ITAT-2022(Bang)-TP
  • Tax Payer : Citrix R&D India Pvt Ltd