Rulings ( 11519 results )
Income tax Appellate Tribunal
ITAT: Adopts RPM over TNMM for benchmarking goods in trading segment; Follows Videojet-ruling
May 30, 2022
- In Favour of Assessee
- Citation Number : TS-316-ITAT-2022(DEL)-TP
- Tax Payer : Karcher Cleaning Systems Pvt Ltd
Income tax Appellate Tribunal
ITAT: Assessee can change MAM originally selected in TP-study; Confirms CUP as MAM
May 30, 2022
- In Favour of Assessee
- Citation Number : TS-318-ITAT-2022(Kol)-TP
- Tax Payer : R P Comtrade Ltd
Income tax Appellate Tribunal
ITAT: Reference to TPO u/s. 92CA invalid for SDT covered under omitted 92BA(i); Remits for examination u/s. 40A(2)
May 27, 2022
- In Favour of Assessee
- Citation Number : TS-317-ITAT-2022(DEL)-TP
- Tax Payer : SMR Automotive Systems India Ltd
Income tax Appellate Tribunal
ITAT: Remits MAM selection for purchase transaction in case of independent distributor
May 27, 2022
- In Favour of Both, Partially
- Citation Number : TS-314-ITAT-2022(CHNY)-TP
- Tax Payer : Kubota Agricultural Machinery India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Treats impairment loss as non-operating in nature; Deletes TP-adjustment on management fees
May 27, 2022
- In Favour of Assessee
- Citation Number : TS-315-ITAT-2022(CHNY)-TP
- Tax Payer : DIAB Core Materials Pvt Ltd
Income tax Appellate Tribunal
ITAT: Adopts LIBOR+150 bps as ALP for short-term AE-advances, fixes corporate-guarantee commission @ 0.50%
May 27, 2022
- In Favour of Both, Partially
- Citation Number : TS-313-ITAT-2022(Bang)-TP
- Tax Payer : Wipro Limited
High Court
HC: Dismisses Revenue’s appeal on TP issues citing tax-effect less than Rs.1 crore
May 26, 2022
- In Favour of Assessee
- Citation Number : TS-1266-HC-2020(MAD)-TP
- Tax Payer : Liberty Agri Products Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rules on comparables for ITeS-provider; Assessee can seek comparable-exclusion included in TP-study
May 26, 2022
- In Favour of Assessee
- Citation Number : TS-310-ITAT-2022(Mum)-TP
- Tax Payer : Morgan Stanley Advantage Services Pvt Ltd
Income tax Appellate Tribunal
ITAT: Remits issues in manufacturing segment to determine ALP; Holds forex loss/gain as operational income
May 26, 2022
- In Favour of Both, Partially
- Citation Number : TS-311-ITAT-2022(Bang)-TP
- Tax Payer : Emerson Automation Solutions Intelligent Platforms Pvt Ltd (Formerly GE Intelligent Platforms Pvt. Ltd., and earlier to that
Income tax Appellate Tribunal
ITAT: Includes reimbursement of share based payments as operating cost under TNMM; Deletes TP adjustment
May 26, 2022
- In Favour of Assessee
- Citation Number : TS-309-ITAT-2022(Bang)-TP
- Tax Payer : Tesco Bengaluru Pvt Ltd
Income tax Appellate Tribunal
ITAT: Holds AMP expenditure not a separate international transaction; Upholds CIT(A)’s findings
May 25, 2022
- In Favour of Assessee
- Citation Number : TS-305-ITAT-2022(DEL)-TP
- Tax Payer : Bacardi India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rules on comparables in ITeS segment, Grants working-capital adjustment; Follows precedents
May 25, 2022
- In Favour of Both, Partially
- Citation Number : TS-307-ITAT-2022(Bang)-TP
- Tax Payer : Ocwen Financial Solutions Pvt Ltd
Income tax Appellate Tribunal
ITAT: Allows assessee’s miscellaneous-petition; Excludes functionally-dissimilar Infosys BPO and TCS E-serve Ltd
May 25, 2022
- In Favour of Both, Partially
- Citation Number : TS-306-ITAT-2022(Bang)-TP
- Tax Payer : Unisys India Private Ltd
Income tax Appellate Tribunal
ITAT: Remits additional ground and evidence w.r.t TP-adjustment on interest on NCDs; Allows assessee’s MP
May 25, 2022
- In Favour of Assessee
- Citation Number : TS-308-ITAT-2022(Bang)-TP
- Tax Payer : G Corp Spaces Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Remits for undertaking comparability under CUP using TIPS data; Directs exploration of other methods if CUP fails
May 24, 2022
- In Favour of Assessee
- Citation Number : TS-303-ITAT-2022(Mum)-TP
- Tax Payer : Dow Chemical International Private Limited
Income tax Appellate Tribunal
ITAT: Rules on comparables, Remits ALP-determination of management-services' payment; Condones delay for filing appeal
May 24, 2022
- In Favour of Both, Partially
- Citation Number : TS-301-ITAT-2022(DEL)-TP
- Tax Payer : Mavenir India pvt ltd
Income tax Appellate Tribunal
ITAT: Allows custom-duty adjustment plea, remits calculation; Deletes TP-adjustment on technical services fees
May 24, 2022
- In Favour of Both, Partially
- Citation Number : TS-302-ITAT-2022(PUN)-TP
- Tax Payer : India Kawasaki Motors Private Limited
Income tax Appellate Tribunal
ITAT: Excludes 4, remits 3 comparables for ITeS provider; Remits working-capital adjustment
May 24, 2022
- In Favour of Both, Partially
- Citation Number : TS-304-ITAT-2022(Bang)-TP
- Tax Payer : Acuity Knowledge Center (India) Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Rules on comparables for Design Engineering Services, Disallows foreign R&D expenditure for weighted deduction u/s 35(2AB)
May 23, 2022
- In Favour of Both, Partially
- Citation Number : TS-300-ITAT-2022(PUN)-TP
- Tax Payer : Mahle Behr India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Applies US AE MAP margins to Non-US AE transactions; Rules on comparables-selection for MSS
May 23, 2022
- In Favour of Assessee
- Citation Number : TS-297-ITAT-2022(Bang)-TP
- Tax Payer : Texas Instruments (India) Private Limited