Rulings ( 11925 results )

Filters
Income tax Appellate Tribunal

ITAT: Quashes Sec-263 order, TPO-reference qua SDT unnecessary as CBDT Instruction conditions not fulfilled

  • In Favour of Assessee
  • Citation Number : TS-719-ITAT-2022(Kol)-TP
  • Tax Payer : Zydus Healthcare Limited (Successor to Zydus Healthcare Sikkim)
Income tax Appellate Tribunal

ITAT: Directs TPO to compute ALP at transaction level, ensure exclusion of non-operating items qua sales

  • In Favour of Both, Partially
  • Citation Number : TS-720-ITAT-2022(PUN)-TP
  • Tax Payer : Magna Automotive India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds furnishing documents supporting 78% expenses reimbursed to AE is 'substantial compliance', deletes addition

  • In Favour of Assessee
  • Citation Number : TS-721-ITAT-2022(Mum)-TP
  • Tax Payer : Infinity Retail Limited
Income tax Appellate Tribunal

ITAT: Excludes 7 comparables with turnover exceeding Rs.200cr; Holds delayed receivables as separate international-transaction

  • In Favour of Both, Partially
  • Citation Number : TS-717-ITAT-2022(Bang)-TP
  • Tax Payer : Tivo Tech Private Limited [Formerly Veveo (India) Pvt. Ltd.]
Income tax Appellate Tribunal

ITAT: Directs separate benchmarking for the two divisions; Follows precedents for Frost & Sullivan

  • In Favour of Assessee
  • Citation Number : TS-713-ITAT-2022(Mum)-TP
  • Tax Payer : Frost & Sullivan (I) Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua technical-assistance fee; Follows earlier order

  • In Favour of Assessee
  • Citation Number : TS-716-ITAT-2022(Mum)-TP
  • Tax Payer : SS Oral Hygiene Products Pvt Ltd (Now merged with Colgate Palmolive (India) Ltd)
Income tax Appellate Tribunal

ITAT: Issue settled in earlier AYs cannot be challenged for subsequent-AY; Deletes TP-adjustment qua technical-assistance fee

  • In Favour of Assessee
  • Citation Number : TS-715-ITAT-2022(Mum)-TP
  • Tax Payer : SS Oral Hygiene Products Pvt Ltd (Now merged with Colgate Palmolive (India) Ltd)
Income tax Appellate Tribunal

ITAT: Accepting assessee’s Miscellanoeus Application, remits comparability of Persistent Systems and Sasken Communication

  • In Favour of Both, Partially
  • Citation Number : TS-714-ITAT-2022(DEL)-TP
  • Tax Payer : Open Solutions Software Services Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for freight forwarding services; Deletes adjustment qua management support service fee

  • In Favour of Assessee
  • Citation Number : TS-710-ITAT-2022(Kol)-TP
  • Tax Payer : Cargo Partners Logistics India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows working capital adjustment following Huawei Technologies ruling, excludes 3 comparables for ITeS provider

  • In Favour of Both, Partially
  • Citation Number : TS-711-ITAT-2022(Bang)-TP
  • Tax Payer : Ocwen Financial Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Prefers transaction specific RPM over generalised TNMM for trading; Determines functional classification for manufacturing

  • In Favour of Both, Partially
  • Citation Number : TS-709-ITAT-2022(PUN)-TP
  • Tax Payer : Vega India Level and Pressure Measurement Private Limited
Income tax Appellate Tribunal

ITAT: No penalty on Shell Global as 'base-erosion' debatable & different approach in profit-attribution insufficient basis

  • In Favour of Assessee
  • Citation Number : TS-712-ITAT-2022(Ahd)-TP
  • Tax Payer : Shell Global Solutions International BV
Income tax Appellate Tribunal

ITAT: Holds Sony India dutybound to pay royalty, AE made significant investment in developing intangibles

  • In Favour of Both, Partially
  • Citation Number : TS-708-ITAT-2022(DEL)-TP
  • Tax Payer : Sony India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Interprets Rule 13, holds DRP can rectify errors within 6 months

  • In Favour of None/NA
  • Citation Number : TS-707-ITAT-2022(Mum)-TP
  • Tax Payer : Michael Page International Recruitment Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds, sub-grounds liable to be dismissed once main appeal ground rejected following earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-706-ITAT-2022(DEL)-TP
  • Tax Payer : Huawei Technologies Co Ltd
Income tax Appellate Tribunal

ITAT: Dismisses Revenue's appeal; Confirms DRP's exclusion of Lotus Labs citing significantly high RPT

  • In Favour of Both, Partially
  • Citation Number : TS-703-ITAT-2022(Bang)-TP
  • Tax Payer : AstraZeneca Pharma India Ltd
Income tax Appellate Tribunal

ITAT: Confirms deletion of Sec. 271G-penalty, accepts delayed compliances due to misaddressed notices

  • In Favour of Assessee
  • Citation Number : TS-704-ITAT-2022(Mum)-TP
  • Tax Payer : Techware Singapre Holdings Pte Ltd
Income tax Appellate Tribunal

ITAT: Restores ALP determination; Assessment order and margin analysis both flawed

  • In Favour of Both, Partially
  • Citation Number : TS-705-ITAT-2022(DEL)-TP
  • Tax Payer : Xander Advisors India Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Customs duty, air freight and foreign exchange fluctuation adjustments to be considered for ALP determination

  • In Favour of Both, Partially
  • Citation Number : TS-1132-ITAT-2016(CHNY)-TP
  • Tax Payer : Motonic India Automotive Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes notional interest adjustment for RIL, transaction of preference share allotment to UAE AE not bogus

  • In Favour of Both, Partially
  • Citation Number : TS-702-ITAT-2022(Mum)-TP
  • Tax Payer : Reliance Industries Ltd