Rulings ( 11519 results )
High Court
HC: Quashes reassessment notice, order of reference to TPO and order rejecting assessee's objections to AO's jurisdiction
Apr 21, 2022
- In Favour of Assessee
- Citation Number : TS-219-HC-2022(KAR)-TP
- Tax Payer : Bharat Fritz Werner Ltd
Income tax Appellate Tribunal
ITAT: Rules on selection of comparables for SWD; Grants working-capital adjustment on actuals
Apr 20, 2022
- In Favour of Both, Partially
- Citation Number : TS-215-ITAT-2022(Bang)-TP
- Tax Payer : Meritor CVS India (P) Ltd
Income tax Appellate Tribunal
ITAT: Adjudicates on TP adjustments w.r.t software consultancy services, loans and guarantee; Follows precedent
Apr 20, 2022
- In Favour of Both, Partially
- Citation Number : TS-217-ITAT-2022(Mum)-TP
- Tax Payer : Tata Consultancy Services Ltd
Income tax Appellate Tribunal
ITAT: Applies UK MAP/ APA margins to Luxembourg entity; Rules on ALP for purchase of fixed assets
Apr 20, 2022
- In Favour of Assessee
- Citation Number : TS-216-ITAT-2022(DEL)-TP
- Tax Payer : Colt Technology Services India Pvt. Ltd
Income tax Appellate Tribunal
ITAT: Considers extended credit-period to AE as separate international-transaction; Imputes interest only qua overdue invoices
Apr 19, 2022
- In Favour of Assessee
- Citation Number : TS-211-ITAT-2022(Bang)-TP
- Tax Payer : Biocon Biologics Limited
Income tax Appellate Tribunal
ITAT: Directs aggregation of commission, warranty and sale services transaction with distribution segment; Applies TNMM as MAM
Apr 19, 2022
- In Favour of Both, Partially
- Citation Number : TS-212-ITAT-2022(Bang)-TP
- Tax Payer : TEKTRONIX INDIA PVT LTD
Income tax Appellate Tribunal
ITAT: Amended Sec 92CA(4) order binding on AO, No discretion to travel beyond ALP determined by TPO
Apr 19, 2022
- In Favour of Assessee
- Citation Number : TS-213-ITAT-2022(DEL)-TP
- Tax Payer : EFS Facilities Services (India) Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rules on comparables in SWD segment, Excludes 4, remits 3 and includes 1; Follows precedent
Apr 19, 2022
- In Favour of Both, Partially
- Citation Number : TS-214-ITAT-2022(Bang)-TP
- Tax Payer : Cypress Semiconductor Technology India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Upholds CIT(A)’s direction to delete Sec 271(1)(c) penalty on TP-adjustment given relied in quantum proceedings
Apr 18, 2022
- In Favour of Assessee
- Citation Number : TS-208-ITAT-2022(PUN)-TP
- Tax Payer : Rieter India Private Limited
Income tax Appellate Tribunal
ITAT: Rules on comparables in ITeS segment, Excludes 3; Follows precedents
Apr 18, 2022
- In Favour of Assessee
- Citation Number : TS-209-ITAT-2022(DEL)-TP
- Tax Payer : WNS Business Consulting Services Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rules on comparables for Manufacturing and SWD segment; Remits issues on adjustments qua capacity, customs duty, forex fluctuations
Apr 18, 2022
- In Favour of Both, Partially
- Citation Number : TS-210-ITAT-2022(Bang)-TP
- Tax Payer : Continental Automotive Components India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustment made on account of outstanding AE receivables; Follows precedent
Apr 14, 2022
- In Favour of Assessee
- Citation Number : TS-206-ITAT-2022(DEL)-TP
- Tax Payer : Trend Micro India Pvt Ltd
Income tax Appellate Tribunal
ITAT: Rules on comparables in SWD and ITeS segment; Deletes negative working capital adjustment
Apr 14, 2022
- In Favour of Assessee
- Citation Number : TS-205-ITAT-2022(Bang)-TP
- Tax Payer : Dell International Services India Private Limited
Income tax Appellate Tribunal
ITAT: Deletes TP-adjustment qua payment of Management Services' and Global Client Management Fee; Considers AE as tested party
Apr 14, 2022
- In Favour of Both, Partially
- Citation Number : TS-204-ITAT-2022(Mum)-TP
- Tax Payer : ISS Facility Services India Private Limited
Income tax Appellate Tribunal
ITAT: Directs re-examination of PLI computation reducing pre-operative expenses following IKA India ruling; Restricts TP-adjustment to AE transactions
Apr 14, 2022
- In Favour of Assessee
- Citation Number : TS-207-ITAT-2022(Bang)-TP
- Tax Payer : Toyota Tsusho India Private Limited
Income tax Appellate Tribunal
ITAT: Rules on comparables in ITeS segment, follows precedent; Directs no negative working-capital adjustment
Apr 13, 2022
- In Favour of Both, Partially
- Citation Number : TS-200-ITAT-2022(Bang)-TP
- Tax Payer : Conduent Business Services India LLP
Income tax Appellate Tribunal
ITAT: Upholds TP adjustment on interest-free advances, corporate guarantee; Restores ALP determination of purchases
Apr 13, 2022
- In Favour of Both, Partially
- Citation Number : TS-201-ITAT-2022(Bang)-TP
- Tax Payer : United Spirits Limited
Income tax Appellate Tribunal
ITAT: Rules on comparables for SWD and ITES; Deletes addition for alleged agency for money transfer activities
Apr 13, 2022
- In Favour of Both, Partially
- Citation Number : TS-202-ITAT-2022(Bang)-TP
- Tax Payer : Transworld ICT Solutions Pvt Ltd
Income tax Appellate Tribunal
ITAT: Considers assessee’s submissions; Dismisses appeal as withdrawn for AY 2015-16
Apr 13, 2022
- In Favour of Assessee
- Citation Number : TS-203-ITAT-2022(PUN)-TP
- Tax Payer : Dream Plast India Pvt Ltd
High Court
HC: Madras HC dismisses Revenue's writ appeal on limitation period for TPO's order
Apr 12, 2022
- In Favour of Assessee
- Citation Number : TS-199-HC-2022(MAD)-TP
- Tax Payer : PFIZER HEALTHCARE INDIA PVT LTD