Rulings ( 11925 results )

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Income tax Appellate Tribunal

ITAT: Rules on comparables; Excludes TPO’s selection in the second round of litigation

  • In Favour of Assessee
  • Citation Number : TS-645-ITAT-2022(CHNY)-TP
  • Tax Payer : Watanmal India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables; holds benefit from using "free" imported assets taxable u/s 28(iv)

  • In Favour of Assessee
  • Citation Number : TS-646-ITAT-2022(Bang)-TP
  • Tax Payer : Hewlett-Packard India Software Operation Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes software product companies being functionally-dissimilar to SWD service provider, follows precedents

  • In Favour of Assessee
  • Citation Number : TS-647-ITAT-2022(Bang)-TP
  • Tax Payer : NXP India Pvt Ltd (Successor of NXP Semiconductors India P.Ltd.)
Income tax Appellate Tribunal

ITAT: Directs considering effective rate, time value of money qua interest on NCDs, follows Goodyear

  • In Favour of Assessee
  • Citation Number : TS-643-ITAT-2022(Bang)-TP
  • Tax Payer : GCorp Services Private Limited
Income tax Appellate Tribunal

ITAT: Rules on comparables for HSBC group entity, excludes Maple e-solutions citing unreliable financial data / fraud

  • In Favour of Both, Partially
  • Citation Number : TS-639-ITAT-2022(Mum)-TP
  • Tax Payer : HSBC Professional Services (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Quashes final assessment-order passed without incorporating DRP’s directions on comparables; Follows precedent

  • In Favour of Assessee
  • Citation Number : TS-640-ITAT-2022(Bang)-TP
  • Tax Payer : Trivium eSolutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Directs AO to restrict TP-addition qua royalty income as proposed in TPO's remand report

  • In Favour of Assessee
  • Citation Number : TS-641-ITAT-2022(Mum)-TP
  • Tax Payer : Spica Elastica Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes comparables outside 200-2000 Cr turnover range for SWD service provider

  • In Favour of Both, Partially
  • Citation Number : TS-642-ITAT-2022(Bang)-TP
  • Tax Payer : Etisalat Software Solutions Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables for SWD services; Remits ALP-determination qua interest on outstanding-receivables

  • In Favour of Both, Partially
  • Citation Number : TS-635-ITAT-2022(Bang)-TP
  • Tax Payer : Harman Connected Services Corporation Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Deletes various TP-adjustments including AMP-expenses for LG Electronics India, follows earlier orders

  • In Favour of Both, Partially
  • Citation Number : TS-636-ITAT-2022(DEL)-TP
  • Tax Payer : L.G. Electronics India Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Allows assessee’s MP, Rectifies Tribunal-order, directs comparison with non-AE segment

  • In Favour of Assessee
  • Citation Number : TS-637-ITAT-2022(Bang)-TP
  • Tax Payer : Steer Engineering Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables' selection for Trumpf (India); Dismisses assessee's appeal

  • In Favour of Revenue
  • Citation Number : TS-638-ITAT-2022(PUN)-TP
  • Tax Payer : TRUMPF India Private Limited
Income tax Appellate Tribunal

ITAT: Applies 200Cr upper turnover filter; Refuses to apply thin-cap rules qua CCDs interest deduction

  • In Favour of Assessee
  • Citation Number : TS-634-ITAT-2022(Bang)-TP
  • Tax Payer : TE Connectivity Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Finds no perversity in CIT(A)'s order restricting guarantee commission @ 0.5%; Follows Bom HC ruling

  • In Favour of Assessee
  • Citation Number : TS-630-ITAT-2022(PUN)-TP
  • Tax Payer : Serum Institute of India Ltd
Income tax Appellate Tribunal

ITAT: Upholds interest on delayed receivables as independent international transaction, follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-631-ITAT-2022(Bang)-TP
  • Tax Payer : Harman Connected Services Corporation Pvt. Ltd.
Income tax Appellate Tribunal

ITAT: Applies US-MAP rate to non-US transactions w.r.t. BPO Support Services; Follows precedents

  • In Favour of Assessee
  • Citation Number : TS-632-ITAT-2022(Bang)-TP
  • Tax Payer : Conduent Business Services India LLP (formerly known as Xerox Business Services India Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Rules on comparables' for Facebook India; Excludes Infosys BPO, includes Eclerx Services

  • In Favour of Both, Partially
  • Citation Number : TS-629-ITAT-2022(HYD)-TP
  • Tax Payer : Facebook India Online Services Private Limited
Income tax Appellate Tribunal

ITAT: Excludes Infosys, Mindtree and others having turnover more than Rs. 200 crores; Follows precedents

  • In Favour of Both, Partially
  • Citation Number : TS-628-ITAT-2022(Bang)-TP
  • Tax Payer : MetricStream Infotech (India) Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal challenging deletion of AMP-adjustment in Haier India's case

  • In Favour of Assessee
  • Citation Number : TS-627-HC-2022(DEL)-TP
  • Tax Payer : Haier Appliances India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Considers AMP and warranty expenses as part of trading segment, deletes TP-adjustment; Follows Epson India

  • In Favour of Assessee
  • Citation Number : TS-626-ITAT-2022(Bang)-TP
  • Tax Payer : Motorola Mobility India Private Limited