Rulings ( 11925 results )

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Income tax Appellate Tribunal

ITAT: Holds TPO's order barred by limitation, follows coordinate bench ruling in Emerson

  • In Favour of Assessee
  • Citation Number : TS-604-ITAT-2022(Mum)-TP
  • Tax Payer : Dow Agrosciences India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes Axis Integrated Systems; Liaison-services not at par with marketing and sales support services

  • In Favour of Assessee
  • Citation Number : TS-605-ITAT-2022(Mum)-TP
  • Tax Payer : Juniper Networks India Private Limited
Income tax Appellate Tribunal

ITAT: Holds CIT(A) statutorily empowered to direct AO, not TPO, to make further enquiry

  • In Favour of Revenue
  • Citation Number : TS-603-ITAT-2022(DEL)-TP
  • Tax Payer : Knowledge Infrastructure Systems Pvt. Ltd
Income tax Appellate Tribunal

ITAT: Deletes ALP-adjustment in respect of intra group services, AMP expenses for Philips India; Follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-599-ITAT-2022(Kol)-TP
  • Tax Payer : Philips India Ltd
Income tax Appellate Tribunal

ITAT: Remits MAM selection for assessee w.r.t import of finished/ semi-finished goods; Follows earlier-order

  • In Favour of Both, Partially
  • Citation Number : TS-600-ITAT-2022(Bang)-TP
  • Tax Payer : AMC Cookware (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Assessee’s predominant revenue from trading in UPS and accessories; TNMM with Berry Ratio not applicable

  • In Favour of Assessee
  • Citation Number : TS-601-ITAT-2022(CHNY)-TP
  • Tax Payer : Socomec Innovative Power Solutions Private Limited
Income tax Appellate Tribunal

ITAT: Dismisses Revenue's appeal qua comparables for Reliance IT Park's ITeS / Business Support Services segments

  • In Favour of Assessee
  • Citation Number : TS-602-ITAT-2022(Mum)-TP
  • Tax Payer : Reliance Corporate IT Park Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables' selection; Holds similarity of function, not product, to be considered

  • In Favour of Both, Partially
  • Citation Number : TS-598-ITAT-2022(HYD)-TP
  • Tax Payer : Afton Chemical India Private Limited
Income tax Appellate Tribunal

ITAT: Confirms CIT(A)'s deletion of TP-adjustments, adoption of 6-months LIBOR+4% qua AE-loans

  • In Favour of Assessee
  • Citation Number : TS-594-ITAT-2022(DEL)-TP
  • Tax Payer : ONGC Videsh Limited
Income tax Appellate Tribunal

ITAT: Deletes TP-adjustment on reimbursement of expenses from AE sans involvement of services; Follows earlier-order

  • In Favour of Assessee
  • Citation Number : TS-595-ITAT-2022(Mum)-TP
  • Tax Payer : Ness Digital Engineering (India) Pvt Ltd (Formerly known as Ness Technologies (India) Pvt Ltd)
Income tax Appellate Tribunal

ITAT: Remits AMP-adjustment for Adidas India, applies rule of consistency

  • In Favour of Assessee
  • Citation Number : TS-596-ITAT-2022(DEL)-TP
  • Tax Payer : Adidas India Marketing Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables in SWD and ITeS segments; Directs working capital adjustment on actual basis

  • In Favour of Both, Partially
  • Citation Number : TS-597-ITAT-2022(Bang)-TP
  • Tax Payer : EIT Services India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Holds assessee eligible for Sec10B deduction; Deletes addition u/s 10B(7) r.w.s. 80IA(10)

  • In Favour of Assessee
  • Citation Number : TS-593-ITAT-2022(PUN)-TP
  • Tax Payer : HSBC Software Development (India) Pvt Ltd
High Court

HC: Dismisses Revenue’s appeal; Confirms ITAT’s BLT-rejection in case of Rayban India

  • In Favour of Assessee
  • Citation Number : TS-592-HC-2022(DEL)-TP
  • Tax Payer : RayBan Sun Optics India Ltd
Income tax Appellate Tribunal

ITAT: Excludes functionally dissimilar comparables for SWD/ITeS segments; Remits working capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-591-ITAT-2022(Bang)-TP
  • Tax Payer : Citrix R&D India Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes one-time extraordinary expenditure for margin-computation; Remits working-capital adjustment

  • In Favour of Both, Partially
  • Citation Number : TS-590-ITAT-2022(CHNY)-TP
  • Tax Payer : R Stahl Private Limited
Income tax Appellate Tribunal

ITAT: Upholds Sec.263 revision despite DRP directions; Follows Adamas Builders over Barclays Bank ruling

  • In Favour of Revenue
  • Citation Number : TS-588-ITAT-2022(Bang)-TP
  • Tax Payer : Brocade Communications Systems Pvt Ltd
Income tax Appellate Tribunal

ITAT: Excludes 10 comparables including Infosys BPO, Wipro for ITeS provider, follows earlier orders

  • In Favour of Assessee
  • Citation Number : TS-589-ITAT-2022(Mum)-TP
  • Tax Payer : WTW Global Delivery and Solutions India Pvt Ltd
High Court

HC: Confirms ITAT’s BLT-rejection; Follows Sony Ericsson HC-ruling, not being stayed by SC in appeal

  • In Favour of Assessee
  • Citation Number : TS-587-HC-2022(DEL)-TP
  • Tax Payer : Sharp Business Systems (India) Pvt Ltd
Income tax Appellate Tribunal

ITAT: Rules on comparables qua SWD / MSS segments, follows Salesforce; Remits interest on AE-receivables

  • In Favour of Both, Partially
  • Citation Number : TS-583-ITAT-2022(Bang)-TP
  • Tax Payer : Infineon Technologies India Pvt Ltd