Rulings ( 11925 results )

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Income tax Appellate Tribunal

ITAT: Rules on comparables, remits working capital adjustment for SWD provider; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-662-ITAT-2022(Bang)-TP
  • Tax Payer : ContinuServe Softech India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Follows earlier orders, directs exclusion of IGS charges from operating cost if benchmarked separately

  • In Favour of Assessee
  • Citation Number : TS-661-ITAT-2022(Bang)-TP
  • Tax Payer : TE Connectivity Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s appeal; Directs AO to consider assessee’s modified return giving effect to APA

  • In Favour of Assessee
  • Citation Number : TS-659-ITAT-2022(Bang)-TP
  • Tax Payer : Alten Calsoft Labs India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Restores appeal to CIT(A) order; Laments non-speaking order and no discussion on merits

  • In Favour of Assessee
  • Citation Number : TS-1262-ITAT-2019(CHNY)-TP
  • Tax Payer : Valeo India Private Limited
Income tax Appellate Tribunal

ITAT: Restricts ALP of guarantee commission at 0.5%; Follows Everest Kento HC ruling

  • In Favour of Assessee
  • Citation Number : TS-716-ITAT-2021(Mum)-TP
  • Tax Payer : 63 Moon Technologies Limited
High Court

HC: Allows assesee’s writ and quashes final order sans draft order in remand proceedings, Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-684-HC-2021(MAD)-TP
  • Tax Payer : Volex Interconnect (India) Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables’ selection for manufacturing; Adjudicates on working capital adjustment

  • In Favour of Assessee
  • Citation Number : TS-657-ITAT-2022(Bang)-TP
  • Tax Payer : Walvoil Fluid Power India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in ITeS segment, allows depreciation at 60% on software purchased by assessee

  • In Favour of Both, Partially
  • Citation Number : TS-658-ITAT-2022(HYD)-TP
  • Tax Payer : TNS India Private Limited
High Court

HC: Refuses to interfere with ITAT order excluding functionally dissimilar comparables sans perversity

  • In Favour of Assessee
  • Citation Number : TS-656-HC-2022(DEL)-TP
  • Tax Payer : Macquarie Global Services Pvt Ltd
High Court

HC: Dismisses assessee's writ appeal, holds AO empowered to initiate reassessment sans final assessment order

  • In Favour of Revenue
  • Citation Number : TS-655-HC-2022(MAD)-TP
  • Tax Payer : Kone Elevator India Private Limited
Income tax Appellate Tribunal

ITAT: Permits assessee's capitalisation of "SDT-expenses" and consequent depreciation; Rejects TPO's NIL ALP

  • In Favour of Assessee
  • Citation Number : TS-653-ITAT-2022(Mum)-TP
  • Tax Payer : Thiruvananthapuram Road Development Company Ltd
Income tax Appellate Tribunal

ITAT: Holds defective goods returned not ‘extraordinary expense’; Upholds RPM for traded goods sold to AEs

  • In Favour of Both, Partially
  • Citation Number : TS-34-ITAT-2022(PUN)-TP
  • Tax Payer : Robertshaw Controls India Private Limited
Income tax Appellate Tribunal

ITAT: Admits assessee’s additional-grounds w.r.t non-adoption of prescribed methods; Remits issue

  • In Favour of Assessee
  • Citation Number : TS-1263-ITAT-2020(HYD)-TP
  • Tax Payer : Biogenex Life Sciences Private Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s-MA; Rectifies Tribunal-order w.r.t restoration of non-adoption of prescribed methods

  • In Favour of Assessee
  • Citation Number : TS-471-ITAT-2021(HYD)-TP
  • Tax Payer : Biogenex Life Sciences Private Ltd
Income tax Appellate Tribunal

ITAT: Follows rule of consistency, upholds grant of working capital adjustment & exclusion of comparables

  • In Favour of Assessee
  • Citation Number : TS-649-ITAT-2022(DEL)-TP
  • Tax Payer : Osram India P. Ltd
Income tax Appellate Tribunal

ITAT: Applies Danish MAP to Singapore entity, Directs 50% adjustment qua administration and support services

  • In Favour of Both, Partially
  • Citation Number : TS-650-ITAT-2022(CHNY)-TP
  • Tax Payer : Grundfos Pumps India Private Limited
Income tax Appellate Tribunal

ITAT: Upholds assessee's CUP over TPO's TNMM for sales; Fixes corporate guarantee commission @0.5%

  • In Favour of Both, Partially
  • Citation Number : TS-651-ITAT-2022(CHNY)-TP
  • Tax Payer : Mega Soft Ltd
Income tax Appellate Tribunal

ITAT: Rules on TP-adjustment qua royalty receivable, corporate guarantee for Dabur India

  • In Favour of Assessee
  • Citation Number : TS-652-ITAT-2022(DEL)-TP
  • Tax Payer : Dabur India Ltd
Income tax Appellate Tribunal

ITAT: Goes by 'economic substance', upholds TPO's treatment of FCCD as debt & interest @LIBOR+200bps

  • In Favour of Revenue
  • Citation Number : TS-648-ITAT-2022(HYD)-TP
  • Tax Payer : Watermarke Residency Limited
Income tax Appellate Tribunal

ITAT: Excludes Tech Mahindra, Microland, Infosys BPM for ITeS provider; Cites high turnover

  • In Favour of Both, Partially
  • Citation Number : TS-644-ITAT-2022(Bang)-TP
  • Tax Payer : Iron Mountain Services Private Limited