Rulings ( 11519 results )
Income tax Appellate Tribunal
ITAT: Confirms CIT(A)’s deletion of TP-adjustment on sales and marketing services; Follows earlier-orders
May 13, 2022
- In Favour of Assessee
- Citation Number : TS-278-ITAT-2022(Ahd)-TP
- Tax Payer : Gulbrandsen Chemicals Pvt Ltd
Income tax Appellate Tribunal
ITAT: Accepts CUP as MAM to determine ALP for consultancy services; Follows precedent
May 13, 2022
- In Favour of Assessee
- Citation Number : TS-277-ITAT-2022(Mum)-TP
- Tax Payer : Towers Watson India Private Limited
Income tax Appellate Tribunal
ITAT: Accepts CUP as MAM under manufacturing segment; Remits AMP-adjustment for establishing existence of international-transaction
May 13, 2022
- In Favour of None/NA
- Citation Number : TS-279-ITAT-2022(Bang)-TP
- Tax Payer : Lenovo (India) Pvt. Ltd
Foreign Court
FC: Danish HC holds discretionary assessment as incorrect; Remits TP-issues for fresh consideration
May 13, 2022
- In Favour of Both, Partially
- Citation Number : TS-275-FC-2022(DEN)-TP
- Tax Payer : Danish taxpayer
Income tax Appellate Tribunal
ITAT: Delay in appeal disposal not attributable to assessee; Extends stay, Follows precedent
May 12, 2022
- In Favour of Assessee
- Citation Number : TS-270-ITAT-2022(Bang)-TP
- Tax Payer : Volvo Group India Pvt. Ltd. [formerly Volvo India Pvt. Ltd.]
Income tax Appellate Tribunal
ITAT: Allows assessee’s miscellaneous-petition, rectifies Tribunal’s order w.r.t comparables selection, working capital adjustment
May 12, 2022
- In Favour of Assessee
- Citation Number : TS-273-ITAT-2022(Bang)-TP
- Tax Payer : Marlabs Innovations Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rectifies Tribunal’s order; Excludes functionally dissimilar Acropetal Technologies Ltd
May 12, 2022
- In Favour of Assessee
- Citation Number : TS-272-ITAT-2022(Bang)-TP
- Tax Payer : Quest Global Engineering Services Pvt Ltd
Income tax Appellate Tribunal
ITAT: Directs adjustment in respect of corporate guarantee provided to AEs at 0.5%; Follows precedent
May 12, 2022
- In Favour of Assessee
- Citation Number : TS-274-ITAT-2022(DEL)-TP
- Tax Payer : Havells India Ltd
Income tax Appellate Tribunal
ITAT: Holds recovery of expenses as separate international transaction; Adjudicates on working capital and risk adjustments
May 11, 2022
- In Favour of Both, Partially
- Citation Number : TS-271-ITAT-2022(Bang)-TP
- Tax Payer : Paraxel International Clinical Research Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rules on selection of comparables for a manufacturing company; Includes 1, Excludes 1, Remits 1
May 11, 2022
- In Favour of Assessee
- Citation Number : TS-267-ITAT-2022(DEL)-TP
- Tax Payer : Escorts Limited
Income tax Appellate Tribunal
ITAT: Holds assessee’s plea against double addition of management-fees as infructuous; Affirms CIT(A)'s order
May 11, 2022
- In Favour of Both, Partially
- Citation Number : TS-269-ITAT-2022(Bang)-TP
- Tax Payer : DMG Mori India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Remands TP-adjustment made for cost allocation on service cost paid; Directs TPO to recompute interest adopting LIBOR
May 11, 2022
- In Favour of Assessee
- Citation Number : TS-268-ITAT-2022(Bang)-TP
- Tax Payer : OnMobile Global Ltd
Income tax Appellate Tribunal
ITAT: Rules on selection of comparables in IT and ITeS; Excludes 6, Follows precedent
May 10, 2022
- In Favour of Assessee
- Citation Number : TS-263-ITAT-2022(DEL)-TP
- Tax Payer : Serco India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rules on comparables under IT & ITeS segments; Remits margin computation issue
May 10, 2022
- In Favour of Assessee
- Citation Number : TS-264-ITAT-2022(DEL)-TP
- Tax Payer : Agilent Technologies (International) Pvt Ltd
Income tax Appellate Tribunal
ITAT: Deletes adjustment on imputed interest qua outstanding inter-company AE receivables; Follows precedent
May 10, 2022
- In Favour of Assessee
- Citation Number : TS-265-ITAT-2022(DEL)-TP
- Tax Payer : Rockwell Automation India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Holds corporate-guarantee as international-transaction; Excludes charging interest on delayed debtor payments
May 10, 2022
- In Favour of Assessee
- Citation Number : TS-266-ITAT-2022(Mum)-TP
- Tax Payer : Godrej Consumer Products Ltd
Income tax Appellate Tribunal
ITAT: Confirms Sec.271G penalty deletion for diamond merchant; Follows earlier orders
May 09, 2022
- In Favour of Assessee
- Citation Number : TS-261-ITAT-2022(SUR)-TP
- Tax Payer : D Navinchandra Exports Pvt Ltd
Income tax Appellate Tribunal
ITAT: Fixes corporate guarantee ALP at 0.5%, LIBOR+2% for benchmarking AE-loan; Follows precedents
May 09, 2022
- In Favour of Assessee
- Citation Number : TS-260-ITAT-2022(DEL)-TP
- Tax Payer : SBS Transpole Logistics Pvt Ltd
Income tax Appellate Tribunal
ITAT: Adjudicates on interest earned on loan, corporate-guarantee and sale and purchase of raw material
May 09, 2022
- In Favour of Both, Partially
- Citation Number : TS-259-ITAT-2022(Kol)-TP
- Tax Payer : Manaksia Limited
Income tax Appellate Tribunal
ITAT: Rules on comparables in SWD and ITeS segment; Adjudicates Forex gain/loss as operating
May 09, 2022
- In Favour of Assessee
- Citation Number : TS-262-ITAT-2022(Bang)-TP
- Tax Payer : Micro Focus Software India Pvt Ltd (form erly known as Novell Software Development (India) Pvt.Ltd.)