Rulings ( 11925 results )

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Income tax Appellate Tribunal

ITAT: Directs segmental benchmarking for manufacturing, trading segments of Whirlpool India, Follows Sony Ericsson ruling

  • In Favour of Assessee
  • Citation Number : TS-699-ITAT-2022(DEL)-TP
  • Tax Payer : Whirlpool of India Ltd.
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua assessee as same transaction held at ALP in AE's hands, follows precedent

  • In Favour of Assessee
  • Citation Number : TS-700-ITAT-2022(Mum)-TP
  • Tax Payer : Tecnimont SPA India Office
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua notional interest made in respect of outstanding AE-receivables

  • In Favour of Assessee
  • Citation Number : TS-701-ITAT-2022(Ahd)-TP
  • Tax Payer : Intas Pharmaceuticals Ltd.
Income tax Appellate Tribunal

ITAT: Holds slump sale between two Indian AEs not an international transaction; Remits Sec 50B valuation

  • In Favour of Both, Partially
  • Citation Number : TS-698-ITAT-2022(Mum)-TP
  • Tax Payer : MWH India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables qua ITeS, treats forex gain as operating, remits interest on delayed realization

  • In Favour of Both, Partially
  • Citation Number : TS-695-ITAT-2022(DEL)-TP
  • Tax Payer : Techbooks International Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs application of Indo-US MAP resolution to other cases, remits issue

  • In Favour of Assessee
  • Citation Number : TS-696-ITAT-2022(DEL)-TP
  • Tax Payer : Market India Pvt Ltd [Now merged with Cognizant Technologies Solutions India Pvt Ltd]
Income tax Appellate Tribunal

ITAT: Remits adjustment qua interest on AE-receivables; Directs comparison with non-AE receivables

  • In Favour of Assessee
  • Citation Number : TS-697-ITAT-2022(DEL)-TP
  • Tax Payer : Fujitsu Consulting India P Ltd
High Court

HC: Centrica ruling inapplicable as Boeing's seconded employees' real employer is Indian entity

  • In Favour of Assessee
  • Citation Number : TS-694-HC-2022(DEL)-TP
  • Tax Payer : Boeing India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Unbilled revenue cannot be treated as outstanding receivable; Deletes TP-adjustment

  • In Favour of Assessee
  • Citation Number : TS-691-ITAT-2022(Ahd)-TP
  • Tax Payer : Toshiba Technical Services International Corporation (India Project Office)
Income tax Appellate Tribunal

ITAT: Deletes adjustment for purchase of raw materials; Computes profitability ratio considering actual expenses incurred

  • In Favour of Assessee
  • Citation Number : TS-692-ITAT-2022(Ahd)-TP
  • Tax Payer : KHS Machinery Pvt . Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables with turnover exceeding 200Cr; Remits adjustments qua interest on receivables, capacity utilization

  • In Favour of Assessee
  • Citation Number : TS-693-ITAT-2022(Bang)-TP
  • Tax Payer : Softlayer Technologies Pvt Ltd
High Court

HC: Dismisses Revenue's appeal against Amway's ITAT order; No TP-adjustment for royalty payment

  • In Favour of Assessee
  • Citation Number : TS-690-HC-2022(DEL)-TP
  • Tax Payer : Amway India Enterprises
Income tax Appellate Tribunal

ITAT: Disallows expense reimbursement u/s 40(a)(ia), holds adjudication of NIL ALP determination rendered academic

  • In Favour of Assessee
  • Citation Number : TS-688-ITAT-2022(Mum)-TP
  • Tax Payer : SOTC Travel Services Private Ltd, (Now Merged with Travel Corporation (India) Limited)
Income tax Appellate Tribunal

ITAT: Accepts internal TNMM for benchmarking qua provision of ITeS; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-689-ITAT-2022(DEL)-TP
  • Tax Payer : Bertelsmann Marketing Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds TPO cannot decide prudence of franchise fee payment, rejects NIL ALP determination

  • In Favour of Assessee
  • Citation Number : TS-687-ITAT-2022(Mum)-TP
  • Tax Payer : Royal Canin India Private Limited
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment qua Management / Business Support Services; Follows earlier orders

  • In Favour of Both, Partially
  • Citation Number : TS-682-ITAT-2022(DEL)-TP
  • Tax Payer : BSI Management Systems India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables; Directs considering audited segmental accounts for fresh adjustments

  • In Favour of Assessee
  • Citation Number : TS-683-ITAT-2022(DEL)-TP
  • Tax Payer : Organica Water Private Limited
Income tax Appellate Tribunal

ITAT: Quashes assessment order passed on non-existent amalgamated entity; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-684-ITAT-2022(DEL)-TP
  • Tax Payer : Expedia Online Travel Services India Pvt Ltd (as successor in interst for Orbits India Services Private Limited)
Income tax Appellate Tribunal

ITAT: Excludes 3 functionally different govt-owned entities qua security support services provider, follows precedent

  • In Favour of Assessee
  • Citation Number : TS-685-ITAT-2022(Mum)-TP
  • Tax Payer : Novartis India Limited
Income tax Appellate Tribunal

ITAT: Allows assessee’s stay application for recovery of outstanding tax arrears; Follows Maruti Suzuki ruling

  • In Favour of Assessee
  • Citation Number : TS-680-ITAT-2022(Bang)-TP
  • Tax Payer : TE Connectivity India P Ltd