Rulings ( 11925 results )

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Income tax Appellate Tribunal

ITAT: Deletes TP adjustment made towards interest paid on CCDs to AE; Follows Bom HC ruling

  • In Favour of Assessee
  • Citation Number : TS-679-ITAT-2022(Mum)-TP
  • Tax Payer : Mahindra Homes Private Limited
Income tax Appellate Tribunal

ITAT: Rejects TPO's RPM, accepts TNMM as ‘last resort’ for import transactions; Follows earlier order

  • In Favour of Both, Partially
  • Citation Number : TS-681-ITAT-2022(Mum)-TP
  • Tax Payer : India Medtronic Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables for turnover over 200Cr for EDS provider, remits working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-676-ITAT-2022(Bang)-TP
  • Tax Payer : GE BE Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 9 comparables having turnover more than Rs. 200 crores; Remits margin computation plea

  • In Favour of Assessee
  • Citation Number : TS-677-ITAT-2022(Bang)-TP
  • Tax Payer : ACI Worldwide Solutions Private Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment qua SDTs; Attributes reason to omission of clause (1) of Sec.92BA

  • In Favour of Assessee
  • Citation Number : TS-678-ITAT-2022(Mum)-TP
  • Tax Payer : Aura Spinwell Ltd
Income tax Appellate Tribunal

ITAT: Remits assessee’s appeal against final-assessment order despite assessee's non-appearance before DRP

  • In Favour of Assessee
  • Citation Number : TS-673-ITAT-2022(Bang)-TP
  • Tax Payer : Opto Circuits India Ltd
Income tax Appellate Tribunal

ITAT: Retains comparable qua back-office support services, no functional dissimilarity or impact of extraordinary event / intangibles

  • In Favour of Both, Partially
  • Citation Number : TS-674-ITAT-2022(Bang)-TP
  • Tax Payer : Dell International Services India Pvt Ltd, (Formerly known as Dell Computer India Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Remits application of MAM; Follows consistency principle w.r.t selecting MAM

  • In Favour of Assessee
  • Citation Number : TS-675-ITAT-2022(Bang)-TP
  • Tax Payer : Toyota Boshoku Automotive India Private Limited
Income tax Appellate Tribunal

ITAT: Non-service of DRP’s direction doesn't vitiate final assessment-order; Dismisses Cummins India's plea

  • In Favour of Both, Partially
  • Citation Number : TS-672-ITAT-2022(PUN)-TP
  • Tax Payer : Cummins India Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables; Remits margin computation, risk adjustment for BPO service provider

  • In Favour of Both, Partially
  • Citation Number : TS-668-ITAT-2022(DEL)-TP
  • Tax Payer : Cvent India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Deletes TP adjustments as TPO's order barred by limitation, follows Emerson Electric ruling

  • In Favour of Assessee
  • Citation Number : TS-669-ITAT-2022(Mum)-TP
  • Tax Payer : The Indian Hotels Company Ltd.
Income tax Appellate Tribunal

ITAT: Upholds deletion of TP-adjustment qua R&D expenses and Management Fees, follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-670-ITAT-2022(Mum)-TP
  • Tax Payer : Hamon Cooling Systems Private Limited
Income tax Appellate Tribunal

ITAT: Remits TP-adjustment as interest payable wrongly treated as interest receivable

  • In Favour of Assessee
  • Citation Number : TS-671-ITAT-2022(DEL)-TP
  • Tax Payer : Eli Research India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Adjudicates on aggregation of international transactions; Payment of Royalty cannot be clubbed with manufacturing segment

  • In Favour of Both, Partially
  • Citation Number : TS-667-ITAT-2022(PUN)-TP
  • Tax Payer : Cummins India Limited
Income tax Appellate Tribunal

ITAT: Excludes 3, remits 3 for comparability analysis for ITeS provider; Follows precedent

  • In Favour of Both, Partially
  • Citation Number : TS-663-ITAT-2022(Bang)-TP
  • Tax Payer : Global E-Business Operations Private Limited
Income tax Appellate Tribunal

ITAT: Accepts Puma India’s plea in second round of litigation w.r.t comparables and margin computation

  • In Favour of Assessee
  • Citation Number : TS-665-ITAT-2022(Bang)-TP
  • Tax Payer : Puma Sports India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Remits issue falling under erstwhile SDT provisions; Directs AO to examine allowability u/s 40A(2)

  • In Favour of Assessee
  • Citation Number : TS-666-ITAT-2022(Kol)-TP
  • Tax Payer : Bengal Emta Coal Mines Ltd
High Court

HC: Permits assessee to raise objections before AO qua reassessment, modifies order in writ appeal

  • In Favour of Both, Partially
  • Citation Number : TS-664-HC-2022(MAD)-TP
  • Tax Payer : PayPal India Private Limited
Income tax Appellate Tribunal

ITAT: Allows assessee’s MP; Rectifies Tribunal-order by remitting TP-adjustment w.r.t Marketing Support Services

  • In Favour of Both, Partially
  • Citation Number : TS-633-ITAT-2022(Bang)-TP
  • Tax Payer : DMG Mori India Pvt Ltd (formerly DMG Mori Seiki India Machines and Services Pvt Ltd)
High Court

HC: Dismisses Revenue’s appeal; No substantial question arises w.r.t intra-group services and interest on AE-receivables

  • In Favour of Assessee
  • Citation Number : TS-660-HC-2022(DEL)-TP
  • Tax Payer : Avery Dennision (I) Pvt Ltd