Rulings ( 11519 results )
Income tax Appellate Tribunal
ITAT: Rules on comparable-selection, Follows precedents; Directs separate benchmarking for Consulting Practice Division
May 23, 2022
- In Favour of Assessee
- Citation Number : TS-298-ITAT-2022(Mum)-TP
- Tax Payer : Frost & Sullivan (India) Private Limited
Income tax Appellate Tribunal
ITAT: Segregates ‘Professional Charges paid’ from other international transactions; Observes all methods open for ALP determination
May 23, 2022
- In Favour of Assessee
- Citation Number : TS-299-ITAT-2022(PUN)-TP
- Tax Payer : Faurecia Automotive Seating India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Deletes Sec. 271G-penalty; Cites practical difficulty in information maintenance for diamond-merchants
May 20, 2022
- In Favour of Assessee
- Citation Number : TS-294-ITAT-2022(Mum)-TP
- Tax Payer : Dharmanandan Diamonds (P) Ltd
Income tax Appellate Tribunal
ITAT: Remits ALP determination for deemed international transaction of television content production fees; Directs fresh consideration
May 20, 2022
- In Favour of Both, Partially
- Citation Number : TS-296-ITAT-2022(Mum)-TP
- Tax Payer : Fremantle India Television Productions Pvt Ltd
Income tax Appellate Tribunal
ITAT: Dismisses Ericsson India's appeal as withdrawn citing resolution of TP-issue under Unilateral-APA
May 20, 2022
- In Favour of Assessee
- Citation Number : TS-295-ITAT-2022(DEL)-TP
- Tax Payer : Ericsson India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rules on selection of comparables in ITeS segment; Follows precedent
May 20, 2022
- In Favour of Assessee
- Citation Number : TS-293-ITAT-2022(DEL)-TP
- Tax Payer : FIL Research (India) P Ltd
Income tax Appellate Tribunal
ITAT: Upholds corporate-guarantee fee ALP at 0.5%; Confirms deletion of TP-adjustment for SDTs
May 19, 2022
- In Favour of Assessee
- Citation Number : TS-290-ITAT-2022(Kol)-TP
- Tax Payer : Electrosteel Castings Ltd
Income tax Appellate Tribunal
ITAT: Adopts GP/Sales for assessee’s Auto component manufacturing segment, follows precedent
May 19, 2022
- In Favour of Assessee
- Citation Number : TS-292-ITAT-2022(Bang)-TP
- Tax Payer : Toyota Industries Engine India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Allows ‘Other Method’ as MAM for benchmarking call-centre service income; Permits change of MAM selection
May 19, 2022
- In Favour of Assessee
- Citation Number : TS-291-ITAT-2022(Mum)-TP
- Tax Payer : First Credit ITES P Ltd
Income tax Appellate Tribunal
ITAT: Allows deduction u/s 10AA; OP/OC PLI concept relevant only for TP-analysis, Follows precedent
May 18, 2022
- In Favour of Assessee
- Citation Number : TS-288-ITAT-2022(PUN)-TP
- Tax Payer : Eaton Technologies Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Deletes Sec.37(1) disallowance; Dismisses royalty-payment adjustment, protective-adjustment in view of MAP settlement
May 18, 2022
- In Favour of Assessee
- Citation Number : TS-289-ITAT-2022(DEL)-TP
- Tax Payer : JCB India Ltd
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustment w.r.t reimbursement of out of pocket expenses incurred by Capgemini India
May 18, 2022
- In Favour of Assessee
- Citation Number : TS-287-ITAT-2022(Mum)-TP
- Tax Payer : Capgemini India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Management-fee and technology license fee interlinked with manufacturing-activity; Accepts TNMM over hypothetical CUP
May 17, 2022
- In Favour of Both, Partially
- Citation Number : TS-285-ITAT-2022(Bang)-TP
- Tax Payer : Bostik India Private Limited
Income tax Appellate Tribunal
ITAT: Adjudicates on TP adjustment for guarantee and benchmarking export of finished goods; Remits for fresh consideration
May 17, 2022
- In Favour of Both, Partially
- Citation Number : TS-284-ITAT-2022(DEL)-TP
- Tax Payer : Jubilant Pharmova Ltd
Income tax Appellate Tribunal
ITAT: Deletes adjustment on imputed interest on outstanding AE receivables; Dismisses stay application
May 17, 2022
- In Favour of Assessee
- Citation Number : TS-286-ITAT-2022(DEL)-TP
- Tax Payer : Orange Business Services India Solutions Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rules on comparables for SWD segment, remits TP-adjustment for interest on AE-receivables
May 16, 2022
- In Favour of Both, Partially
- Citation Number : TS-283-ITAT-2022(Bang)-TP
- Tax Payer : Xchanging Solutions Ltd
Income tax Appellate Tribunal
ITAT: Adjudicates on comparables-selection, margin dispute in respect of software-development services segment
May 16, 2022
- In Favour of Both, Partially
- Citation Number : TS-282-ITAT-2022(Bang)-TP
- Tax Payer : ACI Worldwide Solutions Private Limited
Income tax Appellate Tribunal
ITAT: Rules on comparables; Includes one in SWD segment, excludes one in BSS segment
May 16, 2022
- In Favour of Both, Partially
- Citation Number : TS-281-ITAT-2022(PUN)-TP
- Tax Payer : BMC Software India Pvt Ltd
High Court
HC: Sets aside assessment order passed on non-existent amalgamated companies of Cognizant Group; Remits issue
May 16, 2022
- In Favour of Assessee
- Citation Number : TS-280-HC-2022(MAD)-TP
- Tax Payer : Cognizant Technology Solutions India P. Ltd
Income tax Appellate Tribunal
ITAT: Remits ALP determination for payment of management services; Directs consideration of AAR case
May 13, 2022
- In Favour of Both, Partially
- Citation Number : TS-276-ITAT-2022(Bang)-TP
- Tax Payer : Mersen India Pvt Ltd