Rulings ( 11519 results )

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Income tax Appellate Tribunal

ITAT: Confirms delayed AE-receivables as separate international transaction; Fixes interest at LIBOR+2%

Jun 06, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-338-ITAT-2022(Bang)-TP
  • Tax Payer : Maxim Integrated Products India Sales Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in software services support and BPO segments; Grants working capital adjustment

Jun 06, 2022
  • In Favour of Assessee
  • Citation Number : TS-336-ITAT-2022(DEL)-TP
  • Tax Payer : Hewitt Associates (India)P Ltd
Income tax Appellate Tribunal

ITAT: Restricts TP adjustment of corporate guarantee at 0.50% instead of 3%; Follows order qua earlier AYs

Jun 06, 2022
  • In Favour of Assessee
  • Citation Number : TS-339-ITAT-2022(Bang)-TP
  • Tax Payer : Tejas Networks Limited
Income tax Appellate Tribunal

ITAT: Holds management-fee as operating expense, directs consideration on composite basis following APA 'principle' of merged entity

Jun 06, 2022
  • In Favour of Assessee
  • Citation Number : TS-337-ITAT-2022(Bang)-TP
  • Tax Payer : Capgemini Technology Services India Ltd [formerly AXA Group Solutions Pvt Ltd]
Income tax Appellate Tribunal

ITAT: Excludes 5 comparables citing functional-dissimilarity, possession of intangibles etc; Grants actual working-capital adjustment

Jun 03, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-335-ITAT-2022(Bang)-TP
  • Tax Payer : LG Soft India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s order deleting Sec 271(1)(c) penalty, considers relief on quantum issues

Jun 03, 2022
  • In Favour of Assessee
  • Citation Number : TS-332-ITAT-2022(Ahd)-TP
  • Tax Payer : Adani Enterprises Ltd
Income tax Appellate Tribunal

ITAT: No further profit-attribution for Taj-TV since Indian-subsidiary remunerated at ALP; Question of PE existence left open

Jun 03, 2022
  • In Favour of Assessee
  • Citation Number : TS-333-ITAT-2022(Mum)-TP
  • Tax Payer : Taj TV Ltd
Income tax Appellate Tribunal

ITAT: Admits additional ground; Confirms the addition for ALP adjustment in Engineering Services

Jun 03, 2022
  • In Favour of Revenue
  • Citation Number : TS-334-ITAT-2022(DEL)-TP
  • Tax Payer : KaZStory Engineering India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Treats amortisation of goodwill as non-operating for TP, follows Continental Automotive ruling

Jun 02, 2022
  • In Favour of Assessee
  • Citation Number : TS-330-ITAT-2022(Bang)-TP
  • Tax Payer : TE Connectivity Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Restricts TP-adjustment to international-transaction with AE only; Remits entire TP-issue

Jun 02, 2022
  • In Favour of Assessee
  • Citation Number : TS-331-ITAT-2022(Bang)-TP
  • Tax Payer : Levi Strauss (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Restricts TP-addition on guarantee at 0.5%, Remands delayed realization of AE-receivables for fresh consideration

Jun 02, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-328-ITAT-2022(Bang)-TP
  • Tax Payer : Trianz Holdings Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables selection, working capital adjustment for IT & ITeS segments

Jun 02, 2022
  • In Favour of Assessee
  • Citation Number : TS-329-ITAT-2022(Bang)-TP
  • Tax Payer : Unisys India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment in Engineering and Administrative Support services; Deems expenditure incurred commercially expedient

Jun 01, 2022
  • In Favour of Assessee
  • Citation Number : TS-326-ITAT-2022(DEL)-TP
  • Tax Payer : Voith Siemens Hydro Private Ltd
Income tax Appellate Tribunal

ITAT: Confirms use of customs-data for TP-benchmarking; Remits TP-adjustment in respect of credit-period

Jun 01, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-325-ITAT-2022(DEL)-TP
  • Tax Payer : GP Global Energy Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in EDS segment, Grants working capital adjustment; Follows precedents

Jun 01, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-327-ITAT-2022(Bang)-TP
  • Tax Payer : GE BE Private Ltd
Income tax Appellate Tribunal

ITAT: Quashes assessment-order passed basis invalid TP-order; Threshold-limit of Rs. 5 crores not available to make TPO-reference

May 31, 2022
  • In Favour of Assessee
  • Citation Number : TS-312-ITAT-2022(DEL)-TP
  • Tax Payer : Garg Acrylics Ltd
Income tax Appellate Tribunal

ITAT: Reiterates settled principle that tax liability be determined by law, not admission of parties; Rules on comparables

May 31, 2022
  • In Favour of Both, Partially
  • Citation Number : TS-323-ITAT-2022(Bang)-TP
  • Tax Payer : Galax E Solutions India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes BLT-based AMP adjustment absent 'international transaction'; Follows earlier orders

May 31, 2022
  • In Favour of Assessee
  • Citation Number : TS-324-ITAT-2022(DEL)-TP
  • Tax Payer : Casio India Company Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables, No adjustment warranted on account of interest on outstanding AE-receivables

May 30, 2022
  • In Favour of Assessee
  • Citation Number : TS-319-ITAT-2022(DEL)-TP
  • Tax Payer : GE India Business Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Upholds CIT(A)’s Sec 271G penalty deletion for diamond merchant; Follows precedents

May 30, 2022
  • In Favour of Assessee
  • Citation Number : TS-320-ITAT-2022(Mum)-TP
  • Tax Payer : Ratnakala Export Pvt Ltd