Rulings ( 11519 results )
Income tax Appellate Tribunal
ITAT: Rules on comparables; Adjudicates on TP adjustment in Trading segment and Manufacturing Segment
May 06, 2022
- In Favour of Both, Partially
- Citation Number : TS-257-ITAT-2022(Bang)-TP
- Tax Payer : ADC India Communications Limited
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustment on SDT covered under omitted Sec.92BA(i); Remits for examination u/s.40A(2)(b)
May 06, 2022
- In Favour of Assessee
- Citation Number : TS-255-ITAT-2022(Bang)-TP
- Tax Payer : Nava Karnataka Steels Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rules on comparables; Adjudicates on various expenses being operating/non-operating for PLI computation
May 06, 2022
- In Favour of Both, Partially
- Citation Number : TS-256-ITAT-2022(PUN)-TP
- Tax Payer : Rieter India Private Limited
Income tax Appellate Tribunal
ITAT: Excludes 2, includes 1 as comparable for investment-advisory service provider; Remits risk-adjustment
May 06, 2022
- In Favour of Assessee
- Citation Number : TS-258-ITAT-2022(DEL)-TP
- Tax Payer : Chrys Capital Investment Advisors (India) Pvt Ltd
Income tax Appellate Tribunal
ITAT: Excludes 2 comparables citing functional dissimilarity, grants working capital adjustment; Follows precedents
May 05, 2022
- In Favour of Assessee
- Citation Number : TS-252-ITAT-2022(Mum)-TP
- Tax Payer : Red Hat India Private Limited
Income tax Appellate Tribunal
ITAT: Directs AO to compute the margins of comparables in accordance with DRP’s directions
May 05, 2022
- In Favour of Both, Partially
- Citation Number : TS-251-ITAT-2022(Bang)-TP
- Tax Payer : Black Knight India Solutions Pvt Ltd
Income tax Appellate Tribunal
ITAT: Deletes AMP-adjustment sans assessee-AE agreement; Excludes 2 comparables citing functional dissimilarity, etc
May 05, 2022
- In Favour of Assessee
- Citation Number : TS-253-ITAT-2022(Bang)-TP
- Tax Payer : Alcon Laboratories (India) Private Limited
Income tax Appellate Tribunal
ITAT: Revisionary proceedings initiated with ‘borrowed satisfaction’ bad in law, sets aside PrCIT-order
May 05, 2022
- In Favour of Assessee
- Citation Number : TS-254-ITAT-2022(Mum)-TP
- Tax Payer : Multi Commodity Exchange of India Limited
Supreme Court
SC: Strikes balance between Revenue's & Assessees' rights to settle reassessment controversy; Modifies HC rulings by invoking Art.142
May 04, 2022
- In Favour of Both, Partially
- Citation Number : TS-250-SC-2022-TP
- Tax Payer : Ashish Agarwal
Income tax Appellate Tribunal
ITAT: Upholds RPM as MAM for Trading Segment; Rules on ALP determination in Manufacturing segment
May 04, 2022
- In Favour of Both, Partially
- Citation Number : TS-249-ITAT-2022(PUN)-TP
- Tax Payer : Fette Compacting Machinery India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rejects ALP determination of cost reimbursement by the AO; Remits matter for TPO reference
May 04, 2022
- In Favour of Both, Partially
- Citation Number : TS-248-ITAT-2022(Ahd)-TP
- Tax Payer : Jay Chemical Industries Ltd
Income tax Appellate Tribunal
ITAT: SDT adjustment not sustainable given omission of 92BA(i); Directs review of expense allowability u/s 40A(2)
May 04, 2022
- In Favour of Both, Partially
- Citation Number : TS-246-ITAT-2022(Mum)-TP
- Tax Payer : Mahindra Two Wheelers Ltd
Income tax Appellate Tribunal
ITAT: Remits ALP-determination of interest on delayed receivables; Directs application of prescribed method
May 04, 2022
- In Favour of Assessee
- Citation Number : TS-247-ITAT-2022(Bang)-TP
- Tax Payer : Verifone India Technology Private Limited
Income tax Appellate Tribunal
ITAT: Adjudicates on TP-adjustment on interest-free AE-loan, corporate guarantee; Follows earlier orders
May 02, 2022
- In Favour of Both, Partially
- Citation Number : TS-245-ITAT-2022(Ahd)-TP
- Tax Payer : Lambda Therapeutic Research Ltd.
Income tax Appellate Tribunal
ITAT: Deletes ALP-adjustment on SDT considering deletion of Sec.92BA(i); Directs Sec.40A(2) examination
May 02, 2022
- In Favour of Assessee
- Citation Number : TS-243-ITAT-2022(Mum)-TP
- Tax Payer : Hindustan Dorr-Oliver Ltd
Income tax Appellate Tribunal
ITAT: Quashes 263 revisionary order passed against assessment order; TPO reference not required
May 02, 2022
- In Favour of Assessee
- Citation Number : TS-244-ITAT-2022(Mum)-TP
- Tax Payer : Bhavani Gems Private Limited
Income tax Appellate Tribunal
ITAT: Allows mark-up charged by AE on intra-group services; Deletes TP-adjustment following precedent
Apr 29, 2022
- In Favour of Assessee
- Citation Number : TS-242-ITAT-2022(DEL)-TP
- Tax Payer : Humboldt Wedag India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Directs allowance of working capital adjustment to assessee; Follows Huawei Technologies ruling
Apr 29, 2022
- In Favour of Assessee
- Citation Number : TS-241-ITAT-2022(Bang)-TP
- Tax Payer : Tarkett Flooring India Pvt Ltd
High Court
HC: Dismisses Revenue’s appeal contesting ITAT’s exclusion of comparables; Views no substantial question of law
Apr 29, 2022
- In Favour of Assessee
- Citation Number : TS-239-HC-2022(DEL)-TP
- Tax Payer : Evalueserve.com Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rejects assessee's entity level benchmarking and accepts TPO’s segmental analysis; Applies 25% export revenue filter
Apr 29, 2022
- In Favour of Both, Partially
- Citation Number : TS-240-ITAT-2022(Bang)-TP
- Tax Payer : Steer Engineering Pvt Ltd